Here is an updated toy.....Scalpers will love this!
Regards
Regards
Attached File(s)
MTP_RENKO.mq4
47 KB
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930 downloads
forexflash
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DislikedTHe attached files are the EA and an indicator that shows entry signals. THe entry indicator is quite good for manual trading but it distorts history significantly. Eg it shows 100% winning entries
For scalping the ea seems to be best set up with
JPY pairs 15 or 20 pips
USD pairs 10 pips
EU 10 pips
Set with a 1/2 or a 2/3ema cross the QQE becomes redundant
Let me know your comments
rgds
PeterIgnored
DislikedNot sure I know what a "1/2 or a 2/3ema cross", is.
Can you explain Peter?
Thanks for your work on this ea, I didn't even know you were a coder. lol
Could you also please post your template for those whom might want to forward test it and look for ways to improve on your ea this way also?
By the way when I tried to download you ea above I see the name, "attachment" in my download box, instead the actual name of your ea.Ignored
DislikedHi, 45fxguy, tks for response
The 1/2 or 2/3 ema cross over is the entry signal. When the renko block crosses the signal line and closes with a change in direction signaled by the ema cross over it confirms the entry signal. To see it place the ema cross over indicator on a normal chart to see where arrows are placed. From what I can see most trending systems are based on a moving average cross over of a signal line. The benefit of renko is that the directional changes are quick and visual allowing quick entry and exit if we can avoid false signals....Ignored
DislikedPeter, can yo please post a quick "HowTo" on how to install and run this EA for renko, I don't know if I need to create a Renko chart (like a 10pips box) and then load the EA onto the offline chart or just load the EA onto a 1MN chart, I just don't know. Please help! Thank you.Ignored
DislikedHi, I have been playing around with the requirements of a renko based EA for awhile now and believe I have got around to developing an EA that addresses the key issues.
I thought I would use this thread which has died off as it seems to be the right title for what I am trying to achieve.
What I would like now are some people to use it and give me some ideas for refinement. I'm happy to have the EA developed further but need some experienced brain power to help with the fine tuning. I will share the updates so that we can all benefit.
At the...Ignored
DislikedHi, 45fxguy, tks for response
The 1/2 or 2/3 ema cross over is the entry signal. When the renko block crosses the signal line and closes with a change in direction signaled by the ema cross over it confirms the entry signal. To see it place the ema cross over indicator on a normal chart to see where arrows are placed. From what I can see most trending systems are based on a moving average cross over of a signal line. The benefit of renko is that the directional changes are quick and visual allowing quick entry and exit if we can avoid false signals....Ignored
DislikedPeterke uses the THV3 Infopanel.
With a bit more attention that would have been noticed on what you see showup on your chart when you load the TPL.
I attach it here, as I personally dislike ppl that comment but do not contribute.
Load the indi and then restart the TPL and all should be fine and indicating properly.
Will test the EA the coming week.
These were NOT the days to trade, with Thanksgiving and the Dubai mess going on.Ignored
DislikedOkidoki, NO, not used in EA, but I have it on every platform I trade with, at least on one chart, as there is VERY useful info in that little setup.Ignored
DislikedTHe attached files are the EA and an indicator that shows entry signals. THe entry indicator is quite good for manual trading but it distorts history significantly. Eg it shows 100% winning entries
For scalping the ea seems to be best set up with
JPY pairs 15 or 20 pips
USD pairs 10 pips
EU 10 pips
Set with a 1/2 or a 2/3ema cross the QQE becomes redundant
Let me know your comments
rgds
PeterIgnored