Trades are entered on the 126 mean renko brick signal. Trade exits are managed on the 63 mean renko bricks... basically when you get reverse coloured brick, it retraces for maybe 1 or 2, and then goes the other way. I move the SL about 10 pips under ...

Aggressively Simple Renko

The market has an ebb and a flow. You need to determine trading rules. The market relies on greed and fear... Most of trading is conquering the fear and greed side of yourself - this is what makes a great trader... It all comes down to letting ...

anyone need help?

You would need to look at both types of reports... as something strong in the EURO reports could easily be countered with a strong CAD report... Think of pairs as a pair of scales... you know, they type that you weigh things in with the two pots ...

anyone need help?

There are a couple of things wrong with this... First, what was the demo size of the account, and secondly, what was the lot size you were dealing with. There is also the question of margin, which is the easiest way to answer your question... Margin ...

anyone need help?

A bit of an update on where i am currently at for each one of the pairs i am trading, and what i plan to do in the future. First off, I am not particularly concerned about where the account is at... it looks pretty much like a losing strategy at the ...

Aggressively Simple Renko

So, Lots of losing trades to begin with (there has actually only been 1 winning trade with the system, as the 6 other 'winning' trades were just tests, and not for the system. This is really to be expected though. I am trying lots of instruments, ...

Aggressively Simple Renko

There is a chap on this board called FFX, who codes EAs and he does really really good work (there are a lot of indicators that he has done which are free if you search the forum, and the market place in MT4.​ To turn your question about missing a ...

Information For Beginners

​Simply get a broker that guarantees your account against these sort of losses. Most regulated brokers will offer this type of insurance... your money will be gone, but your house wont be!

Information For Beginners

​I only agree with certain parts of Custo... but also agree with it all. I disagreed with certain parts because they do not hold true with me, and agree with it because it applies to him...! My advice and info for new traders, would be read up on ...

Information For Beginners

the 250 bricks were not providing a good enough set of results, but the 125 were far better results and something I could start to work with. As visilly was saying not enough trending markets would lead to lots of losers. The 125 is just a step down ...

Aggressively Simple Renko

Just to be REALLLLLY pedantic, this is trade management! Money management is deciding how much you want to risk, and how many lots you want to trade with... and the overall plan that goes with it! As i say, really pedantic, but really important. ...

Aggressively Simple Renko

# At little something that I am having a look at is to improve the winning trades and locking in as much profit, while letting the trades run their course...​ Look at these 2 images... image One is showing a profit of about 240 pips. The other is ...

Aggressively Simple Renko

At little something that I am having a look at is to improve the winning trades and locking in as much profit, while letting the trades run their course...​ Look at these 2 images... image One is showing a profit of about 240 pips. The other is ...

Aggressively Simple Renko

​Why not try running with what you were doing? The system itself is not the power, but the mean renko in conjunction with the MM... the strategy without the MM will be a slight overall winner over time, instead of a 100% increase to the balance... ...

Aggressively Simple Renko

Whoops, mucking about with the EA and opened up a trade on the EURUSD....​ Almost hit SL, so will leave it open, as it is a valid signal... but not what I was planning to do... image

Aggressively Simple Renko

Right, my forward backtesting is complete for my raw, no thrills trading... My trade management was as follows: No Break even - I either get a signal to move SL, or it goes to full SL SL of 50 pips Allow hedging trades as necessary ie taking ALL ...

Aggressively Simple Renko

Not sure if this is how I would do it... There is no SMA25 on your renko chart, and this is the base system (not saying your trade is good or bad!) I am liking the look of how you are applying the Mean renkos though, will be interesting to see how ...

Aggressively Simple Renko

Locked in some pips on the USDCAD trade, on the pullback.​ Don't worry about the EA, I am backtesting, and this is the way I need to do it. Just to allay some fears! I need to attach the EA to a live chart, save the template, and then apply a script ...

Aggressively Simple Renko

​ Appreciate your input, however, my backtesting (as in forward testing on historic data, not having the benefit of seeing where the price is going ahead of time...)does not support this view. With the right Trade management approach, it is looking ...

Aggressively Simple Renko

Just a bit of an update. I have been forward testing back testing again over the weekend using an Open all signals rule (which is what all backtesting has been based on) using an EA, but having manual trade management (which is a pain in MT4...) ...

Aggressively Simple Renko