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This is exactly one of those aggressive trend continuation set up entries with UniRenko that I take as mentioned in my previous post. However, I use some sort of S/R levels or other confirmation for trend. The R/R is very favorable (a small stop with T1 better than the stop and a potential nice run for T2).
@ aligator
Do you use a lower time frame chart for entry? if so, what is the parameters you suggest for lower time frame chart?
Hope, with the use of lower time frame chart, if we use the same entry technique, after the reversal bar in higher time frame chart, we can manage with lesser stop loss instead of using 20 tick stop loss.
Appreciate your views and inputs on this.
Thanks
UniRenko bars are what they are, volatility ranges that match your risk tolerance. If one's tolerance is ten ticks, then smaller UniRenko reversals are used and smaller targets and stops are expected. But need to be realistic and sizing the …
Downloaded this. Copied the .cs file into the indicator folder but I am unable to select it from the drawdown menu. I am sure i am doing something probably quite simple wrong. If someone could help me otu that would be fantastic!