Short on GBP/USD on break of support level on 10 brick renko.
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DislikedI'm starting this thread as I haven't seen an Ichimoku thread directly relating to Renko. For this strategy I'm using a 15 pip box and standard Ichimoku 9, 26, 52. I'm not sure about using other indicators with Ichimoku, my heart tells me to keep it 'pure' but I always seem to end up with additional 'confirmation' indicators. I trade long when a box closes outside the Kumo Cloud, the Tenkan Sen is above the Kijun Sen preferably pointing up and the Chikou above the price of 26 periods back, opposite for short. After trying literally hundreds of 'holy...Ignored
DislikedTry this. Below cloud, below 20 simple high/low chanel SHORT ONLY. Above cloud, above 20 simple high/low chanel LONG ONLY. 20 pip block. {image}Ignored
Disliked{quote} Greetings everyone, Goldflight, i start to test your strategy on GER 30, with same brick size. I think we got a problem, the noise is too much in fact follow the rule will lead right now in 3 losses (cause we close on the first reversal box) 400x3. The red line are the 3 losses, the 1 green probably is the right position we could take but if we have to close it at first reversal will be a neutral trade with no profit. Of course if we get a look to the past it can give good signal also, but i took only the live signal i was able to get. Any...Ignored