1. One focus is on Renko charts, Hull MA Indicators with a semi-automatic and manual trading system. I am working on a robot that will take the initial positions so trading from Asia is easier and more responsive to market conditions.
2. My second strategy is using D1 charts for long term trend trading where I take positions on a wide range of CFD ad currency pairs and scale into trades. Entry is manual. A trailing stop EA takes out trades that do not perform. I check the trades twice a day to add to performing trades and I let my stop loss EA take out the losers. I am using Hull moving averages for this now also.
I am interested in discussing trading styles and strategies with other traders. If you give specific information on real trades on your profile I will follow them. I have nothing to sell so everything I post is for a discussion with other traders and maybe get some feedback that improves my trading.
I get lots of questions about using Renko bars in trading. I use Renko like in the example below. The D1 chart with a Hull Moving Average is on the left, but I also use the H8 and H12 depending on market conditions.
The Renko bricks are a multiple of the spread, in this case 1000 points since the spread is 500 points during the Asian market hours (the spread drops during the European and US market but I keep the brick size steady usually.) The hours change is when I sometimes change the timeframe of the bar chart.
Market has the Median and Turbo Renko bars that give a clear online Renko chart. The timeframe of this chart does not matter as the bricks are determined by price action only. The only "problem" is that bar chart is in the background as black so it is invisible until orders are made and then the order arrows attach to the invisible bar chart. Once you realize this you just ignore them and delete the arrows by the Delete Objects underder the Chart tab.
The bars on this chart have an adjustable offset: I use 0.33 but you can use your preference. The ATR is a 14 day moving average and two additional ATRs could be added if somebody wanted them.
I have never found a Renko robot that makes money, but it is a useful tool to use as a trader.
I like the trailing stop loss EAs for protection independent of the entry of EAs or manual trading I do. They give a nice layer of protection and also can be adjusted to match the trading of a particular instrument. The one attached is the one I use. You have to experiment with each to see how to use each trailing system to best advantage.
One big plus: you can set to only work after a profit or not so it does not have to make a certain gain before it starts to be active. This makes it more care free since it is easy to modify and adjust settings on the fly.
I don't have a commercial interest in this utility.... this is an honest recommendation based on experience with the MT4 and now MT5 version.
I do a lot of testing of indicators and EAs and recently ran across a problem. I noticed that some older EAs did not trade and I now think that they are written for MT5 prior to MT5 allowing hedging. In a recent EA I bought and installed it did not run. I sent a PM to the Seller and after some preliminary talk about yes it does work we got to the problem that I have a hedging account and not a netting account.
I think this is a common problem for a lot of EAs written prior to MT5 hedging. I only recently went to MT5 from MT4 so I am not sure what build or date the change took place so I can't give guidance on what to check. I think you may just have to ask or check carefully.
Several EAs I was looking at had the similar problem and all made between none or a few trades but always a flatline zero on the trade. This is another good reason to use a Demo version when available.
the Soybean July contract in MT5, D1 chart.
July contract ends June 27 so now is not the time to jump in for this contract, but the August contract coming up this week. Other grains also reacting to the Trump/China tariff dispute to one or another degree but Soybeans has been the best trender.
Now that I am retired I am focusing my trading on using Renko and HMA trends. I trade in the direction of the longer term and use the shorter time frames as triggers.
This is one trade that is a no-brainer. Shorting the July Soybeans contract in MT5. It will roll over in the next few days to the August contract so now is not the time to jump into the July contract. The shorts are exiting and short covering by desperate market orders could give very bad fills.
About 10:30 AM in USA, trading the swings in Renko mainly in the direction of the trend working out well so far. I have never got the results with robots that I can get with a focused manual trading plan with the assist of robots along with profit targets, stop losses, and trailing stops.
I use robots and indicators to understand the market and not to make trading decisions for me all the time. In this case I am using Renko bars and the D1 chart for the manual trading and also using an EMA crossover robot to pay attention when I cannot. From the USCash30 I target making $200 to $300 per day. With the extreme volatility of recent period instead of the steady rise, it is a challenge and requires a lot of concentration.
I have added Hull moving average strategy which I trade manually and it is working out fairly well. The longer time frames are best, as usual, when using a moving average filter to eliminate most of the would-be whipsaws. I also continue to use a moving average trailing stop for the most part.
Retirement is just around the corner but I will keep up my trading now that it is showing consistent profits and I have passed the techniques on to my husband.
I am commissioning an EA to see if I can automate this with futures and stocks... I will retire to Thailand so staying up all night is not a great way to trade for me.
I am finally making the switch to MT5 so I can also trade stock and futures. I am trading the same strategies as above. I briefly traded cryptocurrencies and made some money. Fortunately I was out when BitCoin was suspended from opening new positions in December. This means I avoided all the crash and burn situations.
I don't really understand cryptocurrencies so I am just going to avoid them. I checked into mining cryptocurrencies too as I have money to invest but the whole thing seems a black hole and one you get pulled in there may be no escape. I know others say they are making millions but I have my doubts. For me it is a no-fly zone.
USDCAD, D1Forex Capital MarketsRealALERT LINE is a utility from MARKET that draws two trend lines based on the chart. I let it draw the default lines and then I move them on the chart to where I want the alerts on that particular chart. This is looking at an entry by another EA I am tesing tha
Actual results on a live account at FXCM-UK.
After a couple of weeks of testing and watching the EA operate I am confident enough to increase my lot sizes now.
There is a rental offer too.
This is just my experience over a limited time, but so far so good.
Remember: "Never test the water with both feet."
Use a DEMO before you risk real money no matter what anybody says.
Follow-up on the EaRenkoBandsMaDV I am testing on a live account. Only two trades so far but both in profit.
It has a lot of rules for when it enters a trade and not just the two bar trend and two bar exit which has a low win-loss ratio if you don't have more to your strategy.
USDOLLAR, M2Forex Capital MarketsRealRenko with Bollinger Bands -- The short was taken before applying the BB bands due to the Daily chart and two red bricks. This is an insight that give other options.