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So what happened to all those renko strategies that were just raking in 100's of pips every week? Are people still using them or have they found them to be not so profitable in the longer term when ranging markets are included?
Hi Gsseen,
As one of those participating in this thread from the beginning, I found that we actually have found the most profitable trading setup. I am using 10pip size on 10min offline (refer recommended by LordFX). I used Bigtrend, tudor girl, TOp as filter. I am also using riskyachter as entry, exit confirmation. The most importantly is to confirm your trend with RSI(21), (4), (8). and also use the tOp on 4Hr TF on the pair your are trading. Buy and sell entry are very obvious there.
Those are just joining this thread, I recommend you to read from the beginning as since using this strategy till today, I have been made USD20,000 using contract size 1.00 and 2.00 only. For sure yo will be consistently profitable.
Last one, dont forget the most important in trading, Discipline....enter only when all the indicators to agree each other.
Please post your renko and 4 hr templates so we
can see what you see. And also please
post a screen shot of a trade or two.
also please any indicators not already posted in this thread
thanks!
GF
Quote:
Originally Posted by Orinin
Hi Gsseen,
As one of those participating in this thread from the beginning, I found that we actually have found the most profitable trading setup. I am using 10pip size on 10min offline (refer recommended by LordFX). I used Bigtrend, tudor girl, TOp as filter. I am also using riskyachter as entry, exit confirmation. The most importantly is to confirm your trend with RSI(21), (4), (8). and also use the tOp on 4Hr TF on the pair your are trading. Buy and sell entry are very obvious there.
Those are just joining this thread, I recommend you to read from the beginning as since using this strategy till today, I have been made USD20,000 using contract size 1.00 and 2.00 only. For sure yo will be consistently profitable.
Last one, dont forget the most important in trading, Discipline....enter only when all the indicators to agree each other.
adios...
Murnin
Last edited by generousforex; 11-04-2009 at 08:28 AM.
Please post your renko and 4 hr templates so we
can see what you see. And also please
post a screen shot of a trade or two.
also please any indicators not already posted in this thread
thanks!
GF
Its very simple setup. Just open ordinary chart on 4hr TF and attached MACD (default setup) and attached the ToP indicator. For buying entry, wait the MACD crossing zero level for about 3 bar and the ToP indi turn to Blue and vise versa for selling.
Once this setup indicate selling or buying, check with your renko chart, if uptrend, ignore all the reversal down, if downtrend, ignore all reversal up.
Its very simple setup. Just open ordinary chart on 4hr TF and attached MACD (default setup) and attached the ToP indicator. For buying entry, wait the MACD crossing zero level for about 3 bar and the ToP indi turn to Blue and vise versa for selling.
Once this setup indicate selling or buying, check with your renko chart, if uptrend, ignore all the reversal down, if downtrend, ignore all reversal up.
Still in Consistently profit
Hi Murnin
Linear Mode
