Placed a buy on GBPNZD. I found a bug on the EA here, that alerts me saying that it is a sell, while it placed a buy.
So far the results are impressive!
Kelton’s Renko Demo System | Myfxbook
How many times do you see a floating profit of +841 pips?
I’m still waiting to see if the EA can close the trades OK. One problem I have is the lack of enough history to use the RSI close. This is really a problem because if I can’t draw the RSI, I would be forced to use the MA cross to get out of the trade.
Kelton, can you check if there is another way, like using a trailing stop of N boxes?
Thanks!
Please test this idea.
I think it is better than the RSI/EMA rules
Because renko gives only trends, and ADX is designed to measure trend strength and DI+/DI- to show the direction of the trend, I think is a natural indicator for this type of chart.
By the way, just check this beautiful equity and the number of pips per trade!
Hi,
Thanks for your idea.
would you please explain more about your system if it has changed?
best,
I just wanted to re start this thread. Has anyone been using it for a while with good results. I had to stop trading for a while because of work. I never had a chance to trade.
Let me know!
Were those trades on your picture all made using the ADX? And how do you filter fake outs?