No matter the asset that you trade and the system used these are the two most important things to avoid.
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The best renko bar generators 55 replies
DislikedPutting it all together ***************** Attached into the zip file are the indicators, the EA and the templates with normal Renko candles and with smcC4scalper candles. The first picture shows that the signal arrow of the HalfTrend TT is probably a false signal since the FxBay MACD is still positive. I was proven right since the second picture taken 20 minutes later shows that the signal arrow disappeared. All in all no matter what a chart tells you the best indicators that you have are your eyes. I would appreciate if traders using this system...Ignored
DislikedI broke my own rule by being greedy. At one time I was up $3,000 and closed the trades even. {image}Ignored
Disliked{quote} Do you use your Renko system on XAUUSD? If so, what are your box size settings?Ignored
Disliked{quote} Hi H, I've been messing around with various ideas to keep in the trend while not getting faked out getting chopped up, 1. Round numbers (Areas are magnets for indices) 2. Super Trend Indicator to help with fake outs from MACD and stay in the trend 3. Supoer Trend Indicator attached 4. See example screen shot below (Green arrows showing fake outs) please see below together with the indi; {image} {file}{file}Ignored