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FlexRenko in day trading


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FlexRenko in day trading

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  #71 (permalink)
Market Wizard
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
 
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If you want to use 25 % stop on 40-39-38 chart isn't it more logical to use 4 time smaller chart ?


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  #72 (permalink)
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lemons View Post
If you want to use 25 % stop on 40-39-38 chart isn't it more logical to use 4 time smaller chart ?

you can't see a clear trend with this chart.

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  #73 (permalink)
Všnersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
 
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lemons View Post
If you want to use 25 % stop on 40-39-38 chart isn't it more logical to use 4 time smaller chart ?


The smaller settings you use the more often you get a trend change and you get more trades and due my opinion more loosing trades. I want my charts to stay in trend and not change all the time. I want to trade as little as posible during the day. Every trade I start is a risk and a stress factor until the stop is at BE. As the chart attches shows. Regards Outlander

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  #74 (permalink)
Market Wizard
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  #75 (permalink)
Všnersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
 
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Posts: 396 since Jan 2013
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lemons View Post

Sorry for my chart last posted. I have problems with my hands as you can se. I have attached my trading chart for YM. It has been running today in full auto set for limit mode. I can choose if limit entry on pullbacks or breakout entrys with stop entry but has to do that before start trading and due to what instrument to trade with the system. It has stopped trading for today due to the dayly target is reached. Regards Outlander

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  #76 (permalink)
Všnersborg Sweden
 
Experience: Beginner
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Posts: 396 since Jan 2013
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Dax also been running in auto limit mode and also reached target for today. As you can se some breakout trades would have been worked well with a "small" stop. The stop for limit entrys larger for the entry bar. DAX is a hard master and takes no prisoners. So you must trust your stuff and be sure that no open postions are forgotten over night. It can kill your acount. I remember up or down gap of 200 p at the open and they dont fill during the day. On days like this my system works ok. Not so every day but even a brooken watch shows the right time twice a day
Regards Outlander

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  #77 (permalink)
Všnersborg Sweden
 
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CL regards Outlander

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  #78 (permalink)
Všnersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
 
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Posts: 396 since Jan 2013
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Regards Outlander

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  #79 (permalink)
Všnersborg Sweden
 
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Posts: 396 since Jan 2013
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DAX so far. Regards Outlander

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  #80 (permalink)
Dublin Ireland
 
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Hi @Outlander !

I just want to ask how can you put the time to the top left corner on the chart ?

Thanks !

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