Mr.Nims, Renko Ashi Scalping System. - page 134
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Setup
Pair : EURUSD
Indicators : Ichimoku
Box Size : 5 pips.
TP: 10-15pips
SL: opposite side of the channel (If channel is flat you can avoid trades or place 25 pips sl )
Rules to Buy:
1- Buy when the box closed above the channel. (see picture)
Rules for Sell:
2- Sell when the box closed below the channel. (see picture)
Hope this helps.
Pair : EURUSD
Indicators : Ichimoku
Box Size : 5 pips.
TP: 10-15pips
SL: opposite side of the channel (If channel is flat you can avoid trades or place 25 pips sl )
Rules to Buy:
1- Buy when the box closed above the channel. (see picture)
Rules for Sell:
2- Sell when the box closed below the channel. (see picture)
Hope this helps.
10-15pips TP is referring to 5 decimal broker or 4 decimal broker?
17 pips from E/U 39 from G/U so far today
Soondock looking into ichimoku . . . interesting and simple
I like to add RSI M15 1 HR 4 HR 70-30 RSI Period 2
makes me feel better about the entry
some questions
hello folks, first i must say thx for this thread, it makes me happy what kind of approach can be made in forex. I am testing the 20pip renko system as it is in comment 1190 - this says for entry "There's not much jargon in this strategy, simply put it, we check if oscillator is blue, check if trendline is blue, check if BB_stop is blue. Then enter a buy 20pipSL/20pipTarget.....vice versa for sell trades"
on the cahrt there is indikator which makes arrows, is it true that i must wait for this arrow and control the other indicators, and if its true, i buy or sell. or the arrows are unnecessary.
The arrows are repainting, and i dont know what to do exactly. Thx for help
place buy stop at 1.4975 G/U
placed buy stop 1.3605 E/U
See what happens
made another 22 pips
UPDATE 02:35
Closed out both for profit 25 pips 1hr 15min
manual close thought it was going against me get out while can
How long?
Hey Soondoock,
I've been lurking over here for a while and saw this post of yours.
It looks incredibly simple.
How long have you been trading this setup? And, if you don't mind my asking, how well has it worked out for you?
How large are actual SL's in practice?
What kind of win-ratio have you experienced?
Thanks for the posting!! I've never used Ichimoku.
Pair : EURUSD
Indicators : Ichimoku
Box Size : 5 pips.
TP: 10-15pips
SL: opposite side of the channel (If channel is flat you can avoid trades or place 25 pips sl )
Rules to Buy:
1- Buy when the box closed above the channel. (see picture)
Rules for Sell:
2- Sell when the box closed below the channel. (see picture)
Hope this helps.
10-15pips TP is referring to 5 decimal broker or 4 decimal broker?
10-15pips 4digits brokers 100-150 5digits
Hey Soondoock,
I've been lurking over here for a while and saw this post of yours.
It looks incredibly simple.
How long have you been trading this setup? And, if you don't mind my asking, how well has it worked out for you?
How large are actual SL's in practice?
What kind of win-ratio have you experienced?
Thanks for the posting!! I've never used Ichimoku.Well telling the truth I decided to try it a month ago. The problem in all this that I make only a few trades per day 2-3 and that is enough for me. 30pips it is 300usd for me it is a huge money (my monthly salary is 250usd). So I did not tested it 24/7. Best time to trade is Europe opening NY opening.
Well concerning the SL I usually make it on the opposite side of the channel and it is from 15 to 30pips. When you see that the channel is narrow or both line like one you can wait and do not trade. Also there is a variant of trading using the clouds of ichimoku. Here is the PDF file. I am not the author of this so you can read and try by your self.
Here is also the tpl for cloud trading
Macd alert 2
MACD ALERT 2 Indicator, Fixed the repaint Issue and ability to turn on and off the alarms, Special Thanks to Silvio Invernici
yes, you are right! It would be GREAT to have an alert for the indicator.
i found this EA, its called LyliaMod.mq4, it can open trade on INWMARROWS, where they appears. It uses ICustom function. so i set this EA to confirm the trade and Alarm on. So now i have alarm only if arrow is put in graph.
Is there anyone, who can improve this EA, to set the filter with BBBands? i try it with ICustom, but with no luck.
THX