Here is my way of trading RENKO small trends during the morning hours of Europe market and during NY open. This system is very profitable and can be traded by most people that have the required discipline.
Check that you have a established trend using visual confirmation.
This can be done on the H1 and the 6pip renko chart. See Post 13 Look for entries close to the hour (8 am 9 am 10 am. 13,14,15,16) Always place a SL below the last swing and make sure the TP is bigger or equal to the SL Try to trade live micro lots so that you actually learn something. Never ever ever pay for an EA as the only person making consistent money pro systems fx tax software cost is the owner! Here a summary for this year using a small live account. Renko Symbols and brick size EURUSD 2 pip GPYJPY 3 pip AUDCHF 3 pip. MAs 12,24,36 all exponential Heiken_Ashi 8,5 Trend MA 130 Guppies (standard settings) pro systems fx tax software cost To download all tools and indicators go to my renko tool thread.
Pro systems fx tax software cost But this.Great guy and he trades reversals using some automated tool that I developed for him. All of the stuff is in the install plus a clean MT4 that can be use optionally) Posting forex so darn easy to thread is restricted due to the enormous amount of highly intellectual entries. Discussing actual trades taken can pro systems fx tax software cost be done using the link below and pro systems fx tax software cost is open to all that have a brain and have decided to use it BELOW is WORK in PROGRESS. Patterns that software fx tax cost systems pro will display alarms in the GuppyCandlePattern Indicator. WorldChange: When the price moves form one side of the Guppies to the other side pro systems fx tax software cost Hook: Three down and one up (It pro systems fx tax software cost is valid only if turn around candles stay within the Guppies Sprint (3 fast candles with very little volume) My last advice to all: Stick to a plan for your money management. only 50% of all trades are winner BUT forex average earnings the average winning amount is 4 times higher than my loss.
Based on our methodology, independent with the $ 5,000 eAs that are written by and maintained by experienced pro systems fx tax software cost traders and programmers have the best chance at maintaining profitability over the long-term. Would you be able to share something complicated process, and sorting through.Pro systems fx tax software cost Alerts.
Small microlots give you experience in every aspect of trading and the losses are good lessons. People who think pro systems fx tax software cost they are too big for small things sometimes are too small for big things. price touched 80 level and then retraced pro systems during fx tax software cost end of the hour. and once I get the hang of this, I will explain in depth. Rules round numbers, end of period and renko, renko renko. Download all the stuff from my other thread using the google link And another 2 loosers. but the tool nicely protects any pro systems fx tax software cost order that has more the 5 pips in profit. Need to program the cockpit to handle all open pairs as one.
Remember to be a hunter on the hour and sometimes on the half hour. I am building a small trading platform to trade my own funds using renko as a basis. (Initially new strategy in forex on MT4, in pro systems fx tax software cost the long run must have FIXAPI access) I will have a cockpit for closing losers, winners, shorts and longs etc etc The cockpit rsi bollinger bands ea will connect to multiple slaves (Renko charts with an EA that actually takes order entries) Hope this helps.