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FlexRenko in day trading


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FlexRenko in day trading

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  #191 (permalink)
Všnersborg Sweden
 
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DAX the first 30 min after cash open. Regards Outlander

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  #192 (permalink)
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DAX set Flex trend channel. Regards Outlander

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  #193 (permalink)
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For those of you who use UniRenko, you might be interested in this indicator that I wrote several months ago that works well to replicate the UniRenko levels on any chart to include a UniRenko chart. Don't know if it has any utility at all but thought I'd share it in case it is.

For example, let's say you are using UniRenko T1R40O1. You put this indicator on that chart and you will see three levels, High, Mid, and Low.


Now taking that further, you can put it on any chart to show you the UniRenko levels without dividing your focus.
You can see in this picture that the levels on this 4 tick range chart are the same as they are on the UniRenko.


I think this indicator allows you the opportunity to view what's going on inside the UniRenko bar without having to look directly at it all the time.

Also, I've read in this thread that some use a longer UniRenko for trend with a shorter UniRenko for trading. This picture shows a RangeChannel of 20 on a UniRenko 10.

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Register to download File Type: zip RangeChannel.zip (2.2 KB, 131 views)
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  #194 (permalink)
Všnersborg Sweden
 
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DAX whole day until cash close. Regards Outlander

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  #195 (permalink)
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Outlander View Post
DAX whole day until cash close. Regards Outlander

Looking good @Outlander

I noticed it only took long trades this session - was that your decision or did the system just prefer longs over shorts today?

Luck is what happens when preparation meets opportunity. ~ Seneca
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  #196 (permalink)
Všnersborg Sweden
 
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omni72 View Post
Looking good @Outlander

I noticed it only took long trades this session - was that your decision or did the system just prefer longs over shorts today?

The system made the decisions. Regards Outlander

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  #197 (permalink)
Vienna Austria
 
 
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Results for today,

I was able to get the average trade drawdown down to 27,12$ per contract, other than one trade where i executed 2 contracts short in quick succession all of these trades were made with 1 contract only, trading from signal to signal, zone to zone.

I have to admit I am satisfied at this, im a little bit unsatisfied about the 63.64% win/loss ratio, my standard one is at about 80-90%, so there is definitely something interessting going on here. Additionally i tried letting certain trades run when the PA and Orderflow suggested to stay within a trade and using flexrenkos as additional guidance. But in some cases i.e the losing trades this was not doable. I'm not quite sure what to make of it, 33 trades with 1 contract each making a total profit of 560 (or 1120 when using 2 contracts as i would on live) seems like a fair deal system wise. I will need to analyse the results a bit more,will be online to answer questions should they arise.







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  #198 (permalink)
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Well I am done upgrading my old stuff so posting todays EC chart. The charts has Flex set 4-1-1.
Regards Outlander

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  #199 (permalink)
Všnersborg Sweden
 
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The same settings as EC. Regards Outlander



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  #200 (permalink)
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DAX after cash open. Regards Outlander

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