First of all, a big greeting to all the people on this forum !!!
And now I have to thank all the people who have invested effort, time, working around Renko and developing it > EllisEdi, LastViking, Lou G.,45FxGuy, xBweNx and many others (Thanks guys)
I'm Petar and I decided to open this topic with 45FxGuy to make a Forex easier.I am just Renko tester and exp. Trader,and I think that Renko the best method for Psyche. There are a lot traders who lost a lot of nerves and health for every pip up or down ! Why ?
People understand a lot of Forex seriously even realize it's more like it's the only thing in life, that is totally wrong.
Each job in the world is easier if you enjoy it and trying to understand it as one game. That is why I opened this topic.The name od the thread is Renko Trading for Gamers,yea you read it good .I strive to combine as many games and trade that conveyed the spirit of play on Forex.
There are a lot of similarities with the games and trades.I prefer to play Starcraft and if I compare Forex with Games,there is no difference.First if you play casual Starcraft you don’t need to pay for tournament as like Forex (demo).If you decide to begin to earn some money you can pay for tournament and try to win as like Forex (try to take pips).
Second, in the game you can not always win, you get someone who plays better then you and
deafet you.
Message number two is : If you want to get to the end of the game you must have continuity wins.
In the Starcraft you can applied many strategy to win (rush,air combat ect) but only those strategies that train brings valuable positive outcome as like Forex.Forex has a lot of strategies but only strategy wich you practice,practice and practice you can bring success.
Message number three is : Try to focus on one strategy and just practice,practice,practice.When you have continuity positive results you are good gamers
The same strategy can be applied in countless ways (Remember that).This I said because everyone looking at different things.
Message number four : Each trader has their own personality, their own personal schedule, their own appetite for risk, their own pain threshold and their own bankroll.Find your personality.
The message of all messages is PROFIT+FUN=LIFE
Also we founded RTFG team to help others gamers and traders and to make Forex much easier...
Now Team looks > 45Fxguy,Xbenx,Petar_Serbia
Everyone who wants to be on team PM me
Xnbenx will explain his good method also 45Fxguy will eplain his method and everyone who thing that have cool and good system with Renko fell free to explain …We are big family
I,45Fxguy,Xbnex and other Renko traders will help others and post trades and possible trades how much time we allow.
HIGH AND LOW PRINCIP (i called Pandora s Box)
PANDORA S BOX Scalping Method
My method is based on Box princip (High and Low on Renko),i use stucture from Xbenx s method and i added Delta and i draw always High and Low (looks like box).I tested 2 months with very good results i know that is not enough for for full test but guys you will help me to test more...The best thing about this method is that you can see good when is market raining (flat) and also good thing about this method is that you can trade with RRR 1:1,1:2 or more i will explain also type of TP...
Now about how to identify high and low...Very simple,at the end of each trend
you must have high or low...I f we have buy trend,we waiting to see finished Renko candle in baby bolinger band(2 white averages),you will see in picutre at end of post.When you see Black renko bar closed in Baby bolinger you know previouse bar is high.Next you must to do is to wait for Low second part of Box...In 95 % cases,price never go instantly,price make corection and corection and corection to begin with good trend,that is why i think this princip i very useful and very powerful. Remember we must have High and Low to open any trade.For low we waiting same as like for buy (different way),we now wait for black candle below bolinger and waiting to finish one blue candle at Bolinger.Now we have our Box (High and Low) and just wait to be broken...But you must undestand, we must have fuly broke,that mean one closed candle with the mass above high or below low ,dont open trade if you see just pin to broke high or low (Very important).Also sometimes you will see second low or high but that is ok,usualy you can took 15,20 pips to second low or high...Trade must be confirmed from MACD and Delta.For Delta we must have Red line above Blue for Buy and oposite to sell...For MACD we must have closed red bar Below White Average for sell and oposite for buy also Green RSI must be above 55 for Buy and below 45 for Sell,but that always confirmed when you see broke....
About SL > You can trade as you like and you can have your own apitete for risk but i trade about 30-40 pips SL.You also can put SL on Half Box or you can put if you open at low,you can put on high and oposite,but its up to you..
About TP > I use Fix 1:1 RRR or 1:2 when i not at home but if i can falow trade i use macd for exit...
This is still test phase,all your sugestion and opinions are welcome...Everybody who plan to falow this Pandora s box sisytem feel free to post charts,trade etc .
IMPORTANT
Dont trade on live acc if you didnt practice 1,2 months with good results...My advice.
I tested on two pairs EURJPY and GBPUSD,everybody can test on others pairs...
I will post some example and also i will post ZIP file with all indis,template and explanation how to open M2 chart...
All indis and explanation for M2 chart > http://www.forexfactory.com/showpost...&postcount=237
LONG TERM METHOD i called POBEDA (Serbian lang.)
POBEDA METHOD >
POBEDA is very simple long term strategy wich i use to identify good trends and also use to catch very good pips.In my strategy i use 3 EMA`S 50 High,50 Low and very important 15.You must trade just in the direction of trend.Use 15 EMA to know wich is trend if you dont see lol.If EMA 15 is below both 50 EMAS you looking just for Sell opotunity,if EMA 15 is above you looking just for buy opotunity.You must wait three red or green candles in a row closed with no weak to take any POSITION ! Very important.Minimum one of 3 candles must be below 15 ema to sell or above to buy.,For re-enter trade with a trend we must have 2 candle closed with no weaknes in oposite direction and then 3 candle in a row...
About TP and SL > I use 100 TP or 80 TP and Sl 70-100,ofcorse you can falow your trade to catch big trends for 250-300 pips.My advice always when you see 60 pipips or more plus put SL on BE and wait for your TP.I must improve TP and SL yet but you can help me to test that...
I will upload some charts to see when i take a trade....
Examples of this method you can find here http://www.forexfactory.com/showpost...&postcount=497
http://www.forexfactory.com/showpost...&postcount=498
TRADERS AND GAMERS YOU ARE WELCOME !!!
LET THE GAME BEGIN !!!!!
TRADERS AND GAMERS YOU ARE WELCOME
NEW PANDORAS BOX V2
http://www.forexfactory.com/showpost...postcount=1270
http://www.forexfactory.com/showpost...postcount=1272
And now I have to thank all the people who have invested effort, time, working around Renko and developing it > EllisEdi, LastViking, Lou G.,45FxGuy, xBweNx and many others (Thanks guys)
I'm Petar and I decided to open this topic with 45FxGuy to make a Forex easier.I am just Renko tester and exp. Trader,and I think that Renko the best method for Psyche. There are a lot traders who lost a lot of nerves and health for every pip up or down ! Why ?
People understand a lot of Forex seriously even realize it's more like it's the only thing in life, that is totally wrong.
Each job in the world is easier if you enjoy it and trying to understand it as one game. That is why I opened this topic.The name od the thread is Renko Trading for Gamers,yea you read it good .I strive to combine as many games and trade that conveyed the spirit of play on Forex.
There are a lot of similarities with the games and trades.I prefer to play Starcraft and if I compare Forex with Games,there is no difference.First if you play casual Starcraft you don’t need to pay for tournament as like Forex (demo).If you decide to begin to earn some money you can pay for tournament and try to win as like Forex (try to take pips).
Second, in the game you can not always win, you get someone who plays better then you and
deafet you.
Message number two is : If you want to get to the end of the game you must have continuity wins.
In the Starcraft you can applied many strategy to win (rush,air combat ect) but only those strategies that train brings valuable positive outcome as like Forex.Forex has a lot of strategies but only strategy wich you practice,practice and practice you can bring success.
Message number three is : Try to focus on one strategy and just practice,practice,practice.When you have continuity positive results you are good gamers
The same strategy can be applied in countless ways (Remember that).This I said because everyone looking at different things.
Message number four : Each trader has their own personality, their own personal schedule, their own appetite for risk, their own pain threshold and their own bankroll.Find your personality.
The message of all messages is PROFIT+FUN=LIFE
Also we founded RTFG team to help others gamers and traders and to make Forex much easier...
Now Team looks > 45Fxguy,Xbenx,Petar_Serbia
Everyone who wants to be on team PM me
Xnbenx will explain his good method also 45Fxguy will eplain his method and everyone who thing that have cool and good system with Renko fell free to explain …We are big family
I,45Fxguy,Xbnex and other Renko traders will help others and post trades and possible trades how much time we allow.
HIGH AND LOW PRINCIP (i called Pandora s Box)
PANDORA S BOX Scalping Method
My method is based on Box princip (High and Low on Renko),i use stucture from Xbenx s method and i added Delta and i draw always High and Low (looks like box).I tested 2 months with very good results i know that is not enough for for full test but guys you will help me to test more...The best thing about this method is that you can see good when is market raining (flat) and also good thing about this method is that you can trade with RRR 1:1,1:2 or more i will explain also type of TP...
Now about how to identify high and low...Very simple,at the end of each trend
you must have high or low...I f we have buy trend,we waiting to see finished Renko candle in baby bolinger band(2 white averages),you will see in picutre at end of post.When you see Black renko bar closed in Baby bolinger you know previouse bar is high.Next you must to do is to wait for Low second part of Box...In 95 % cases,price never go instantly,price make corection and corection and corection to begin with good trend,that is why i think this princip i very useful and very powerful. Remember we must have High and Low to open any trade.For low we waiting same as like for buy (different way),we now wait for black candle below bolinger and waiting to finish one blue candle at Bolinger.Now we have our Box (High and Low) and just wait to be broken...But you must undestand, we must have fuly broke,that mean one closed candle with the mass above high or below low ,dont open trade if you see just pin to broke high or low (Very important).Also sometimes you will see second low or high but that is ok,usualy you can took 15,20 pips to second low or high...Trade must be confirmed from MACD and Delta.For Delta we must have Red line above Blue for Buy and oposite to sell...For MACD we must have closed red bar Below White Average for sell and oposite for buy also Green RSI must be above 55 for Buy and below 45 for Sell,but that always confirmed when you see broke....
About SL > You can trade as you like and you can have your own apitete for risk but i trade about 30-40 pips SL.You also can put SL on Half Box or you can put if you open at low,you can put on high and oposite,but its up to you..
About TP > I use Fix 1:1 RRR or 1:2 when i not at home but if i can falow trade i use macd for exit...
This is still test phase,all your sugestion and opinions are welcome...Everybody who plan to falow this Pandora s box sisytem feel free to post charts,trade etc .
IMPORTANT
Dont trade on live acc if you didnt practice 1,2 months with good results...My advice.
I tested on two pairs EURJPY and GBPUSD,everybody can test on others pairs...
I will post some example and also i will post ZIP file with all indis,template and explanation how to open M2 chart...
All indis and explanation for M2 chart > http://www.forexfactory.com/showpost...&postcount=237
LONG TERM METHOD i called POBEDA (Serbian lang.)
POBEDA METHOD >
POBEDA is very simple long term strategy wich i use to identify good trends and also use to catch very good pips.In my strategy i use 3 EMA`S 50 High,50 Low and very important 15.You must trade just in the direction of trend.Use 15 EMA to know wich is trend if you dont see lol.If EMA 15 is below both 50 EMAS you looking just for Sell opotunity,if EMA 15 is above you looking just for buy opotunity.You must wait three red or green candles in a row closed with no weak to take any POSITION ! Very important.Minimum one of 3 candles must be below 15 ema to sell or above to buy.,For re-enter trade with a trend we must have 2 candle closed with no weaknes in oposite direction and then 3 candle in a row...
About TP and SL > I use 100 TP or 80 TP and Sl 70-100,ofcorse you can falow your trade to catch big trends for 250-300 pips.My advice always when you see 60 pipips or more plus put SL on BE and wait for your TP.I must improve TP and SL yet but you can help me to test that...
I will upload some charts to see when i take a trade....
Examples of this method you can find here http://www.forexfactory.com/showpost...&postcount=497
http://www.forexfactory.com/showpost...&postcount=498
TRADERS AND GAMERS YOU ARE WELCOME !!!
LET THE GAME BEGIN !!!!!
TRADERS AND GAMERS YOU ARE WELCOME
NEW PANDORAS BOX V2
http://www.forexfactory.com/showpost...postcount=1270
http://www.forexfactory.com/showpost...postcount=1272
"Buy on fear, sell on greed !!!