Trading 50% Retrace

Is there any conservative confirmations for the entry? And thanks to my broker, I can only reach m1 candles of XAUUSD not earlier than November. Any idea to have m1 candlesticks of earlier dates?

I am looking for someone who will create the EA for this extremely simple strategy. Manual test in profit. The problem is that the new box can occur at any time in 24 hours.

This is a terribly misleading, flawed and inaccurate statement especially for rookies who haven't given profitability equations much thought. When considering money management or profitability of a trade one has to consider three variables. Risk (your stop loss), reward (your profit target) and the one that is most frequently overlooked and hard to narrow down, PROBABILITY, as in, what is the likelihood of a particular trade either being successful or failing. That is why scalpers traditionally have wide stops and small profit targets because the probability is frequently 80% or higher as opposed to swing traders who tend to rely on lower probability, maybe 30% to 60%, and rely on much higher profit targets compared to stops yet both styles still make money.

Reward x Probability of Profit > Risk x Probability of Loss

Hello all,

I've been wondering if anyone was be able to use more than 100000 M1 bars for renko? In properties of this, it says "write 0 to use all", but when I write 0, not even one bar is displayed. Any suggestions?

Cheers.

Pre wowzers:

hi
this indi for new bar is using the time(0) code at which it will not work on the off charts , the renko chart is not crtitcal to time, it uses instead the pips count
there are so many ideas about renko and here in the ff there are good threads about how to use renko
well
i have tried before few years the renko bars in many different setups. good to tell..

therefore, this method is catching breath , yes, but the easier way is to make it in different mode,,, do not foregt the daily range for each pair, some have only 600 points such as Aud/USD and others for 1500 points such as GBP/USD... so you can not say all must reach your 500 points profits

let's try this

you make the length of the bar 1000 points - ok
but instead of each 50% trace, you make it in different acts:
after each bar up you make buy on new bar and the stop loss is the end of the last bar.
after each bar down you make sell on new bar and the stop loss is the top of the last bar.

the take profit is 900 points

the stop loss is the same as of 1000 points.

but the most ugly fact about the renko bars that it is not a fucntion of time, that is toooooooooooo much boring for the traders ..

that is to say, i like renko but i will not trade it