A Moving Average Trading System

[mt4trader]

this bloodhound software which generates code from logic for ninjatrader.

 

[mt4trader]

Renko Chart... I am trading in Range bar - time less chart
As far as I can absorb, timeless chart is returning good profit
But It changing its pattern frequently for example if I look
for W or M and enter into trade... after few bar its vanish....
But I have adopted some other method to overcome that...

I have only query.... Do we have patience to trade on
renko bar or range bar???.....

attached Chart look good... but I am sticking to old fashion of entry
and exit... Stop loss = 6 points means your are setting renko
bar size as 6 point or ticks???

in ninjatrader many varities of renko bars are there.
this is 3 brick size reverse 6 and offest 1.
reversal candle is 6 ticks so stoploss is 6 if breaks reverse the position.
for renko bars we have to wait for candle close.

 

[rpsvinod]

i know it is wrong place to post this .
if everyone wants i will start new thread.
these are the signals generated by above logic.
all signals are profitable. stop-loss only 6 points.
all failure signals are reversed for more profit.

Hi mt4trader,

After a long time, see ur post.Awaiting for ur great stuff.:thumb:

 

[nageshsjethe]

Dear All,
Thank you very much for this Intraday trading strategy. It seems this works well only in trending market, whereas in range bound market, it causes losses.
Can anyone tell me, when and which stocks can we trade with this strategy?
By the time we know that market is either trending or range bound, it is too late for entry or exit.
Please advice on this.
Thanks,
nagesh Jethe

 

[MOHAMMED IMRAN S]

I am Using Only Guppy with 96 EMA OHLC