Ezakimak's Trading Blog

forex live trades, setups, charts

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withnail
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Postby withnail » Wed Feb 15, 2012 9:04 am

Hi Ezakimak, Nice trading log. I was wondering which Renko script you are using and what box size. Thanks Withnail.

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Postby Ezakimak » Wed Feb 15, 2012 9:06 am

Just looking at USDJPY. Using my scalp method there would have been a gooood number of pips in the bag:

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Postby Ezakimak » Wed Feb 15, 2012 9:33 am

withnail wrote:Hi Ezakimak, Nice trading log. I was wondering which Renko script you are using and what box size. Thanks Withnail.


Hello Withnail!

Thanks for stopping by :)

The renko code is attached here for you....

I found it in this thread on Forex Factory: http://www.forexfactory.com/showthread.php?t=199285 That is a really good thread to read to learn all about renko.

I trade the Murrey Math Lines on the GBPUSD and use a box of 5 pips (50 pippettes if you have a 5 digit broker)

On the other pairs, where I scalp using the method shown tonight, the boxes are 15 pips (150 pippettes on a 5 digit broker).

I have a PDF somewhere that explains how to set up the renko in MT4. Will dig it out and post it here for you too.

Happy to answer any questions you might have. I am only a hobby trader, and this is something I can only do in the evenings after work, but I really enjoy it and am keen to hear from other using similar methods.

Cheers!

Ezakimak :) :)
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RenkoLiveChart_v3.2 (1).mq4
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Postby Ezakimak » Wed Feb 15, 2012 9:45 am

Found the PDF...attached for you....
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Installing Renko script as an EA.pdf
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Postby withnail » Wed Feb 15, 2012 11:43 am

Ezakimak wrote:Found the PDF...attached for you....

Thank you Ezakimak much appreciated. :)
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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Postby Ezakimak » Thu Feb 16, 2012 10:37 am

Time for some love on USDCHF?

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Postby Ezakimak » Thu Feb 16, 2012 10:39 am

Off we go! Only been sitting at the computer for 10mins and trading already...

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Postby Ezakimak » Thu Feb 16, 2012 10:49 am

Why did I log in, check MT4 and then open a trade? I want to go to bed, but the trade is still open...

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Postby Ezakimak » Thu Feb 16, 2012 10:54 am

Gonna call it a night. Target and Stop set. Will see how it turned out in the morning...

(it's in the negative at the moment...)

Nite nite!

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Re: Ezakimak's Trading Blog

Postby kwonkicker » Sat Aug 29, 2015 6:33 pm

hi. i liked this thread as it started good, basic rules that you followed and made profits. read through the whole thread within a day. then im guessing you had some loses outside of this forum, so you started "tweaking" your method. There is actually a term describing your situation and its called anchoring - moving on to a new method when previous one failed a couple of times. "keep it simple" doesnt mean you add filters only to remove them later to maket it "simple", it means mastering one set of rules and following them untill you are intimately aware of pros and cons of every trade you take with those rules. mastering one trade is superior to half-mastering 5 of them. right now i dont think you know exactly what indicators you are using to take trades right now, cuz you keep changing them almost every day. good luck to you tho. keep it simple.

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