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experts advisor file not in experts folder 12 replies

What do you experts think of this trade? 8 replies

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Quoting yasd810
Hi, Gila

I have no special settings and use RenkoLiveChart_v3.4
RenkoBoxSize 10, RenkoTimeFrame 10, ShowWicks true and offlinechart on which attach the template
post #896 by Seller9 - how to use Renko

EA settings - how you want can change

Good luck Gila!
Thanks. I set up the Renko according to Seller9's post. I hope it will start taking trades. In his post, he says ShowWicks should be false, but you're using true. Doesn't seem to have your results! I'll let you know how mine goes.

Gila
Hi, is this EA supposed to be applied directly onto an M15 chart or does it need to be applied on an offline chart like the ichikumo 's?

I was assuming that it can be directly applied since the bundle didnt include the renko file unlike ichikumo and ardasu ea.
Quoting axeps2
Hi, is this EA supposed to be applied directly onto an M15 chart or does it need to be applied on an offline chart like the ichikumo 's?

I was assuming that it can be directly applied since the bundle didnt include the renko file unlike ichikumo and ardasu ea.
Yep - just stick it on the appropriate M15 pair that you want to use...

Regards
Ath
im really confused as well. seller9's screenshots suggest that this EA is applied to just regular charts. athravan is also using them on regular charts with good results.

im using the EA OOTB with regular charts m15 and not getting good results. yasd810 is using the EA with renko rangebar charts and getting very good results, and the name of the EA suggests that it is a range bar EA.

any comments or advice welcome please
Quoting blamshakk
im really confised as well. seller9's screenshots suggest that this EA is applied to just regular charts. athravan is also using them on regular charts with good results.

im using the EA OOTB with regular charts m15 and not getting good results. yasd810 is using the EA with renko rangebar charts and getting very good results, and the name of the EA suggests that it is a range bar EA.

any comments or advice welcome please
Are you using RB_v2a? I'm not having as good results as last week with the first version. It seems too cautious this week and appears to have missed some good trades, while still taking big losses on the bad ones.

I'm not sure why its called 'RB' when even Seller9 himself has used 'normal' candles...

At the end of the day, it's our job to help test these things, and they don't improve without feedback. I'm still on demo with RB_v2a, and tonight will post some results and charts to try and help....

Regards
Ath
Quoting Athravan
Are you using RB_v2a? I'm not having as good results as last week with the first version. It seems too cautious this week and appears to have missed some good trades, while still taking big losses on the bad ones.

Regards
Ath
Using M15 charts, I'm having the same experience. v2a is not doing as well as v2 did last week. I've had two big losses and a few small gains. Several charts that had good moves had no trades taken.

I did get the Renko charts set up successfully by switching to a different broker. I'm using v2 on them. So far, I've had two trades open. They're still open, so no results yet.
See the chart below for differences in the entry.

What ever traders are finding that works best for the entry will be used into the EA.

So far it seem like the EA has some real good days and then some bad days, so what ever ideas make it better will be used.

I have been looking at diifferent RSI settings to see if they would help keeping us out of bad trades, but so far that has been a dead end.

Also, since the Bands are already a MA it doesn't seem logical to add more of those.

I am just trying to find something that will give us an edge when we get a break out signal that it will be the one to take.

Attached Image (click to enlarge)
Click to Enlarge Name: ideas.jpg Size: 76 KB
Finally took a trade, this is the first one so far, will see where it goes.

Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 243 KB
Well i just tested the River side break out of Neal and found it to be excellent. I will now rank this system above the ichimoku, Tdi and the NB Meter Signal. ( some of the indicators which i really like for their efficiency )

ok now this is how i tested it and the result is all positive.

1. using renko 3.3 i generated the range bars of size 5 pip
2. in the offline chart i put the following indicators TDI, Trendlord ( 50 settings), ichi ( 4 12 24 ) , NB Meter signal and Semafor .

I just put the short or long trade when it shows me a clean breakout and I asked the system to book profits at 15 -20 pip interval.

The trade is for a specific tgt and all lots are booked in one shot. For stoploss i put it above the semafor on the opposite side of the river. comes to around 20 -25 pips .

and the result is a 100 % hit in EU . I am testing it on EU and EJ. I am satisfied with the result that is why posting here.
seller9 do you think this could be automated? sounds quite simple yet effective


Quoting unimak
Well i just tested the River side break out of Neal and found it to be excellent. I will now rank this system above the ichimoku, Tdi and the NB Meter Signal. ( some of the indicators which i really like for their efficiency )

ok now this is how i tested it and the result is all positive.

1. using renko 3.3 i generated the range bars of size 5 pip
2. in the offline chart i put the following indicators TDI, Trendlord ( 50 settings), ichi ( 4 12 24 ) , NB Meter signal and Semafor .

I just put the short or long trade when it shows me a clean...
Quoting unimak
Well i just tested the River side break out of Neal and found it to be excellent. I will now rank this system above the ichimoku, Tdi and the NB Meter Signal. ( some of the indicators which i really like for their efficiency )

ok now this is how i tested it and the result is all positive.

1. using renko 3.3 i generated the range bars of size 5 pip
2. in the offline chart i put the following indicators TDI, Trendlord ( 50 settings), ichi ( 4 12 24 ) , NB Meter signal and Semafor .

I just put the short or long trade when it shows me a clean...
Thanks for the input.

Can you be a little more specific in what you are looking for to trigger a trade, the sequence of these indicators to trigger a trade and what purpose does each one play.

I see there are different versions of these indicators, could you post the ones you are using and a template, this would make everything move faster along towards an EA.

Then I can set up a chart and see what it looks like and then see if I can create a different EA using these ideas.

I am busy do to the 4th of July but will try and have something ready to go by Sunday if I can get the correct indicators.

Thanks again and good luck
I have attached the indicators, all are default settings, trendlord can be downloaded from net as it is easily available and zb cloud matrix can be downloaded from zaman's ichibrkout thread.

Basically i have not tweaked the indicators but just attached them as it is , only the setting where i did not like the default has been changed.

Normally what i find is it is easy to get 15 -20 pips than to go for a big trade of 50 pips, so if you aim for 30 pips daily which is what i aim , if you make 2 trades in a day you are thru , and i think that is what is needed.

The system is very good so enjoy making money.

semfor indicator is highly mis understood and said that it repaints etc , however if you have red sun and then a river cross and then you fire the sell, the red sun will stand . you just have to keep the sl at a fair distance.

This is how i traded, i just shorted and closed the system giving sl and tp and came back after 5 hrs to login to see where the trade is

surprise the trade is in profits , i have been doing this quite often with this system and that is the reason , i am impressed. Try it . keep it simple.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.jpg Size: 112 KB
Attached Files
File Type: ex4 #4X 3 Semafor Alert.ex4   11 KB | 109 downloads
File Type: ex4 NB Meter_Signals.ex4   11 KB | 122 downloads
trigger for opening trade, the river rule and semafor, so for sell i need to see the red sun and then the river brk to fire the sell .

why trend lord and nb meter ?

nb meter is advance signal that a sell or buy is coming

why trendlord ? just for comfort factor to know how much steam is there in the trend . The trend lord bar is red in color and nearly reaching the top of the chart then lot of steam you can try your 50 pip trade whereas the bar is at the bottom and about to change to blue , then try a 15 pip trade rather than a 50 pip trade.

Tdi ?? just for comfort factor not taken in arriving at sell or buy decision.

Actually i trust these indicators so i just keep them for reference.
Quoting unimak
The other indicators can be downloaded from here.

http://www.forexfactory.com/showthread.php?t=290062
http://www.forexfactory.com/attachme...9&d=1303775099
http://www.forexfactory.com/attachme...6&d=1265167576
Thanks for the links, I was finding quite a few different Trnd Lords, so I am glad you sent the link to the correct one.

For being so simple this River idea so far has been working the best. I believe by using the RBs and just a few simple additions like you suggested may put it over the top.
when the entry is taken ( in case of a sell ) post we sight the red sun and the cross of the river ( entry rules as given in river ) we enter sometimes what happens is within 1 or 2 candle we the white sun in semafor, one need not panic as the white sun keeps moving dn if it comes too fast , however we have to tighten the sl once we sight the white sun just to avoid big 25 pips loss .

ALL we do is bring the sl down and keep it above the top bar of the river also we can add the spread ( avg spread) we round the spread if the avg is 1.2 we take it as 2 .

so just the opposite we do for a buy . This is the only improvement i can see otherwise there is nothing adverse in this system which is very rare.
Did a few quick changes to the EA to make it work better with RBs (5) and changed the entry to get in faster, similar to version 2.

I am only using the open and close of the RB and am not using the wicks, so it doesn't matter if they are on or off.

In this screen shot there are 2 trades, the first one got stopped out the second went for PC and take profit.

With unimak's additions it will be interesting to see what will happen, they are not being used in this setup.

Have to run, will get back at it later.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart.jpg Size: 75 KB
Quoting seller9
Thanks for the links, I was finding quite a few different Trnd Lords, so I am glad you sent the link to the correct one.

For being so simple this River idea so far has been working the best. I believe by using the RBs and just a few simple additions like you suggested may put it over the top.
One suggestion I have is to enter on the opening of the bar after the first bar that closed outside the river. I know it might be a "wet" bar, but it gets you in sooner. If you wait for a completely "dry" bar and then enter on the next bar, you miss a large part of the move. With apologies to Neal Gilbert, just my observation.
Quoting gilab
One suggestion I have is to enter on the opening of the bar after the first bar that closed outside the river. I know it might be a "wet" bar, but it gets you in sooner. If you wait for a completely "dry" bar and then enter on the next bar, you miss a large part of the move. With apologies to Neal Gilbert, just my observation.
Without being critical , this is the most common traders mistake. the rule is fine and we should follow it .
Quoting seller9
Did a few quick changes to the EA to make it work better with RBs (5) and changed the entry to get in faster, similar to version 2.

I am only using the open and close of the RB and am not using the wicks, so it doesn't matter if they are on or off.

In this screen shot there are 2 trades, the first one got stopped out the second went for PC and take profit.

With unimak's additions it will be interesting to see what will happen, they are not being used in this setup.

Have to run, will get back at it later.

Attachment 994349...
need to see the same chart with semafor on .
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