BTC/USDT Renko 2 Up 2 Down

I have switched from trading ETH/USDT to BTC/USDT also went from candlestick to Renko. I lost most of my deposit trying to trade divergence and testing a few different tradingview indicators. Finally I arrived at a simple strategy 2 bar up 2 bar down. This simple system is to follow the short term trend. When Renko makes a swing high/low consisting of 5 bars 2 to the left 2 to the right and one on top/bottom entry is confirmed. Let price do what it wants until a new swing is made.

Bar size $15
22X leverage = roughly 1.5% per bar

This style of trading has lots of small losses but it makes up for it by giving you the middle of a decent trend such as follows



I should also note Renko bars repaint until the 1M candle closes.
The trend indicator I use is https://www.tradingview.com/script/ED4U7xg6-BullTrading-1-minute-Easy-Scalping-Sys-v3-0/

This is how I have my charts set up. Top BTC/USD middle ETH/USD both renko and lastly BTC/USD regular candlestick chart (so I can see the candle count down)

Here is a trade I just took. The arrow is pointing to a bar with wick. That wick went up 2 candles and I took the sell after two down candles.


Most of my trades do not net this much

This is what it looks like

This is more typical


0.37% profit after fees but hey it's not a loss

This can happen to when price rockets one way and I get in late.

These happen too!

Starting with only $5 USDT (actually $3 bityard gives $2USDT to everyone for free margin) and 100X leverage which makes each box about $7USDT.

First trade entered at second red bar there is also a descending triangle

I entered late and exited early on this trade

Looked like price wanted to reverse on the 1M chart so I exited


I need to stop exiting early

I entered a trade not thinking about server maintenance @ 5:55-6 pm EST when they close orders unless you've paid over night fee's. Here is the result

It was inevitable

Another one

Again

So after all that revenge trading I followed the rules and entered a trade. Still not back to breakeven on the day though.

I found a youtuber who tests trading systems and I will be using this system tomorrow.

I finally figured out how to do long/short positions on tradingview. It isn't connected to bityard but i makes it easier to see than lines.