- April 4, 2018
- Posted by: Forex Wiki Team
- Category: Forex Trading System
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It is a demo account presently. I simply decided the technique just a few hours in the past lol however doing very effectively to this point. 6 pip envelope is the 'ranges' of the ma; it is a typical function on MT4 MA. 1 unit x3 and so on. is the trades you make when value is above or under or very close to envelope and DSS Bresset is above 80 (for brief trades) or under 20 (for lengthy trades). So for instance if it's your first entry within the sequence you purchase or promote 1 unit of foreign money (this could possibly be any quantity you are feeling comfy beginning the counter-trend sequence with) and also you then do 3 trades complete at 1 unit if needed and proceed with 3 trades at 2 models if required after which as much as 3 extra trades at 4 models if wanted. Exit ought to be when costs touches or will get very close to the ma! I hope this helped. Please be happy to ask anymore questions if one thing stays unclear. Thanks once more!
Better of luck - I do know averaging down is tough however this strategy is unquestionably extra strategic than most related methods. If it would not work out possibly it should give somebody some concepts, or not less than some leisure Cheers!
4 level Renko, 300 MA, 6 pip envelope, DSS Bressert, 1 unit x3, 2 models x3, 4 models x3, get a win...
Hooked up File
MathTrader7_RenkoChartCreatorEA.ex4 51 KB | 146 downloads
Lee's Renko 01 - A.mq4 33 KB | 12 downloads
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Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.