I have two parallel trading strategies:
1. One focus is on Renko charts, Laguerre Indicators with a semi-automatic and manual trading system.
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.
My full time job is a manager in fairly remote areas building oil and gas pipelines (currently Albania) so my internet connection can be spotty. My emphasis has moved more toward D1 trend trading now as I frequently lose my internet connection and in that case Renko charts just don't work properly.
I will post example of this. I think D1 trend trading works well in my case now but when I retire back to Thailand I will balance it out again with Renko and D1 trend trading.
It takes patience but if you use proper money management and let the trades run to completion with an auto stop loss it is much easier to make money with the occasional long trends that all the pairs and CFDs so periodically.
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 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.
I keep looking at new ways of viewing Renko charts. I don't think that the usual trend following indicators are worth much with Renko as the direction is obvious from the bricks. I decided to apply Bollinger Bands to see what insight this might bring.
XAUUSD, D1Forex Capital MarketsRealGold D1 chart: the first chart I posted had the wrong comment because I mixed up the charts with USDollar (not shown). Both Gold D1 and Renko showed long positions: each chart having the same direction. In the USDollar I use a swing system where D1 and Renko
More European volatility around UK election time. (Remember Brexit??!) -- FXCM is raising several pairs involving more than just the GBP double or triple the usual margin. The European Index CFS and the JPN225 were raised up to five times the usual margin. Beware. I will definitely protect myself this week and look for any excuse to go flat until next week. Example of some impacts below. I would not count on these but they point out a risk.
So far this week the systems are trading well. I have made a few changes in box sizes and all but XAUUSD Gold is working fine now. The roller coaster on Gold today is messing with my box size so I am increasing to try and take out some of the high and low swings. I am basically losing the spread on each trade today with Gold. USDJPY, GBPUSD, UKOil, GBPJPY are all doing better.
. I am traveling this evening and tomorrow (Friday) for some visa work in Bangkok so I will close my trades out as profit targets or stops are hit and not trade tomorrow. Monday is a new day.
. Good luck with your trading and let me know if you have comments or questions. I don't sell anything but I am always up for a discussion on trading strategies and like to exchange ideas.