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Renko in underwear
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Created: by kmidas Attachments:55

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Renko in underwear

  #41 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: forex
 
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Posts: 68 since Feb 2011
Thanks: 8 given, 26 received

No new trades today and probably no new trades tomorrow. I am preparing for a business trip tomorrow so no time to devote to charts.

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  #42 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
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kmidas's Avatar
 
Posts: 68 since Feb 2011
Thanks: 8 given, 26 received

Right now I am on a boat using a crappy Internet connection which resets all the time. I am posting for showing up.

Anyway I did a trade today before leaving in a hurry my house. I see now it is in a loss. I can't post more details today because I don't have metatrader in this computer. I will post tomorrow more details.

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  #43 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
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Posts: 68 since Feb 2011
Thanks: 8 given, 26 received


EURAUD. I took this trade as I was leaving my house in a hurry yesterday morning. I took it mostly because there were two green bars after a red. Unfortunately it ended at a loss. The sadest thing is that not only it ended in a loss, I got stopped out to almost the last pip before it bounced back up. The 1.24 area looks like a good support so there is a possibility to go higher. Who knows maybe next week.

Long @ 1.24599
SL @1.23945
TP none

Loss -65 pips

Now my account is back to break even

Attached Thumbnails
Renko in underwear-euraud.gif   Renko in underwear-euraud2.gif   Renko in underwear-euraud30m.gif  
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  #44 (permalink)
Trading for Fun
Greece
 
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Unfortunately charting with renko bars a 24 hour market while at the same time joggling between work, sleep, family and trading is a very difficult task. I either have to use huge block sizes or miss many reversals during the day. Reversals that may provide opportunities to increase my account.

I finally managed to get my EA work. Starting this Monday I will test on a demo three different setups in three different accounts.

Setup nr.1 5 blocks Donchian breakout with trailing stop 10 pips below the first reversal bar
Setup nr.2 entry 2 blocks after a opposite color block trailed 10 beyond the first reversal bar
Setup nr.3 Entry at the sight of the first bar of the opposite color, exit at the sight of the first opposite color. This is a stop and reverse strategy that keeps us always in.

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  #45 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
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Posts: 68 since Feb 2011
Thanks: 8 given, 26 received

GBCAD looks like it is bouncing from the 1.5650 level. That level has acted in the past as support and hopefully will support the price again. The moving averages are properly aligned so this is a pullback in uptrend.

buy 1.5705
sl 1.5647
tp 1.5800 where is the next resistance

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  #46 (permalink)
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Greece
 
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One of my EA's is up and running. I have it running on all the pairs that I am following. Let's see how it will work during the next days.

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  #47 (permalink)
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Greece
 
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https://futures.io/trading-journals/17881-renko-underwear-5.html#post203033

TP reached and got my profit +96 pips.

Today I got on line my second EA. So far the results are disheartening.

The setup Nr 2 running at the same time on all the pairs had the account at some point today on +4%. And it's only the second day. Now that account is on -0.6%.

The setup Nr 3 is now on its first day on line. I expect to be always in on the whole 28 pairs with this. So far it hasn't open positions on all the pairs but the account is on -0.7% already.

The margin requirements on following all the pairs are somehow big so maybe I will have to find a way to reduce the number of tradable pairs on any given time. But how will I know what to include and what to leave alone?

Tomorrow I will try to implement the DC breakout EA and put that on line also.

I know that trend trading is scary and I will pass most of my time on draw down but how do I know that I am following the correct path?

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  #48 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
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Posts: 68 since Feb 2011
Thanks: 8 given, 26 received

No more manual trades. I have been concerned with EA development. I don't know if I still qualify for this contest.

My EA trading seems to go well.

The 2 bars in one bar out strategy has given me yesterday a 15% draw down while today I sit on a +8% return on equity.

The one bar in one bar out strategy has given a 20.5% draw down. Today it was working it's way to recovery but it was very weak. I took it offline.

Today I got on line the third EA based on Donchian Channels of 5 days. I am curious to see how this is going to work out.


How long should I forward test before I can go live?

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  #49 (permalink)
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Congratulations on your journal!



In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.

A) What are the top five benefits you have seen as a result of regularly posting in this journal?

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Thank you for taking the time to answer my questions. I appreciate your posts, and I hope you have benefited from your journal. I also know that others will benefit as well, just by reading about your own experiences.

Enjoy your weekend,
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