Hey C4 guys decided to try RENKO all this week before making a decision. So far up 20 pips. Will let you know my progress.
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DislikedWell guys
the "candle" in the info panel is the remaining candle time, obviously not working on a renko chart as it is NOT time based.
The CCI (why nobody is reading a thread from a to z?) is a request from 45FXguy who wanted this.
It's the value of CCI 14 plus CCI50 divided by 2 from the 1 minute chart.
To see the power of direction... I think!
The DXTrade C4 is a try to give a signal after the C4 rules... see page 1 !
gives an alert when price crosses the LWMA 8 and the trix crosses.
Hope that helpsIgnored
DislikedJust to have this correctly.... 2 previous bars in the direction of the trade ?? Do they have to be on the right side of trix zero-line ?
I mean should both be red and decreasing or is it ok if the previous one was green and actual went below 0 ??
Ich hoffe man versteht es so ungefährIgnored
DislikedHey C4 guys decided to try RENKO all this week before making a decision. So far up 20 pips. Will let you know my progress.Ignored
DislikedTrader222,
What is the indicator that shows your trades? Is that an MT4 indicator? Did I miss it on the forum? Are you able to supply the indicator?
Thanks,
AttachmentIgnored
DislikedBTW I looked up OM mani padme hum and it means 'less is more' in Tibetian.***Ignored
DislikedIn checking the GU and EU charts, it seems it does not make a lot of difference if the prev2 renko bricks are the same trix color. However, above SM said he is not talking about the bricks .. so I am confused again.
On the GU chart for instance, going back a couple of days I see that everytime an arrow appears beside the renko brick, if the 2 previous bricks were confirming the arrow direction, most of the time the trade was good .. I would say 80% of the time.
I am not even looking at the arrows on top (or bottom) of the bricks as I don't understand...Ignored
DislikedWhat is your Stop Loss ? It looks to me like you´re using 30 SL for 5 pips target. Is this true ?Ignored
DislikedThe modest filter and indicator are more than enough to get the job done. Thanks so much for all you have done...Ignored
DislikedOnce you go 'renko' you never go back....
BTW I looked up OM mani padme hum and it means 'less is more' in Tibetian.******just kidding!!Ignored