What are the best Renko trading plans and indictors for FOREX - Scalping\Day
Sep 24, 2020 at 05:45
722 Views
9 Replies
Member Since Aug 24, 2020
13 posts
Sep 24, 2020 at 05:45
Hi, Im a new Forex trader and was wonder what trading plans and indictors you follow traders use.
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My trading plan
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#Forex Algorithm[Renko Chart]:
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1. ATR
2. Baseline Indicator: Ichimoku[baseline - only]
3. Volume Indicator: WAE_Ext
Check $EVZ[under 8] - barchart.com
4. Confirmation Indicator #1: EMA(20)
5. Confirmation Indicator #2: WAE_Ext
6. Exit Indicator: looking
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#Forex Strategy:
Traing Hours: M-F , 5am - 2pm (AZ Time)
trade style: day and scapling trading
Trend Finder Time Frame = MT4[H1] ---> Tradingview[M15]
Leverage: 50:1
Pairs to trade: see tha12.txt file
1.5 x ATR = Stop Loss ---> tailing stop
Risk only 2% per position
what do you thank?
----
My trading plan
----
#Forex Algorithm[Renko Chart]:
---
1. ATR
2. Baseline Indicator: Ichimoku[baseline - only]
3. Volume Indicator: WAE_Ext
Check $EVZ[under 8] - barchart.com
4. Confirmation Indicator #1: EMA(20)
5. Confirmation Indicator #2: WAE_Ext
6. Exit Indicator: looking
--
#Forex Strategy:
Traing Hours: M-F , 5am - 2pm (AZ Time)
trade style: day and scapling trading
Trend Finder Time Frame = MT4[H1] ---> Tradingview[M15]
Leverage: 50:1
Pairs to trade: see tha12.txt file
1.5 x ATR = Stop Loss ---> tailing stop
Risk only 2% per position
what do you thank?
Be more financially free then yesterday.
Member Since Aug 24, 2020
13 posts
Sep 25, 2020 at 05:10
my updated plan:
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#Forex Algorithm[Renko Chart]:
---
1. ATR
2. Baseline Indicator: Ichimoku[baseline - only]
3. Volume Indicator: WAE_Ext
Check $EVZ[under 8] - barchart.com
4. Confirmation Indicator #1: EMA(20)
5. Confirmation Indicator #2: WAE_Ext
6. Exit Indicator: Me
--
#Forex Strategy:
Traing Hours: M-F , 12am - 1pm (AZ Time) - London\New York Session
trade style: day and scapling trading
Trend Finder Time Frame = MT4[H1] ---> Tradingview[M5]
Leverage: 50:1
Pairs to trade: see tha12.txt file
1.5 x ATR = Stop Loss ---> tailing stop
Risk only 2% per position
========================
#Forex Algorithm[Renko Chart]:
---
1. ATR
2. Baseline Indicator: Ichimoku[baseline - only]
3. Volume Indicator: WAE_Ext
Check $EVZ[under 8] - barchart.com
4. Confirmation Indicator #1: EMA(20)
5. Confirmation Indicator #2: WAE_Ext
6. Exit Indicator: Me
--
#Forex Strategy:
Traing Hours: M-F , 12am - 1pm (AZ Time) - London\New York Session
trade style: day and scapling trading
Trend Finder Time Frame = MT4[H1] ---> Tradingview[M5]
Leverage: 50:1
Pairs to trade: see tha12.txt file
1.5 x ATR = Stop Loss ---> tailing stop
Risk only 2% per position
Be more financially free then yesterday.
Member Since Nov 09, 2020
15 posts
Nov 23, 2020 at 05:18
I think you have a nice trading plan. Make sure that you stick to it for extra benefits.
Member Since Dec 10, 2019
18 posts
Dec 09, 2020 at 10:01
It's cool that you focus on all technical parameters.
Now the main thing is to learn how to cope with excitement and emotions, so that it really becomes the basis for effective work.
Now the main thing is to learn how to cope with excitement and emotions, so that it really becomes the basis for effective work.
Member Since Jul 20, 2020
341 posts
Dec 21, 2020 at 21:07
Scalping is the most profitable strategy for new traders. But they have to gather all the knowledge about scalping.
Member Since Jul 23, 2020
869 posts
Oct 04, 2021 at 16:23
Have you tried? Can you show the result?
Member Since Jul 23, 2020
759 posts
Oct 04, 2021 at 17:52
I am going to test your 1st plan. Let’s see what happens.
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