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GUys i found i think good Fibs play with Renko if someone interested and love to play with Fibs i think this princip can work on EURUSD i didnt look at other pars
"Buy on fear, sell on greed !!!
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DislikedThats just it, I am and it makes perfect sense to me.
For example:
25 PiP Renko Brick Size
25 PiP TP
No Stoploss
Long Entry = Close > Open
Short Entry = Close < Open
Exit = Signal Reverse
So with a Renko Step Chart we know that:
OPEN = Previous Bar Close
Open will not change
Close WILL change as price moves either up or down.
So assuming that a new bar just started, at the creation of said bar:
OPEN = CLOSE
Price moves up 2 pips, so using an EA preferably, you would enter a long position as Close is now Greater then open; close > open....Ignored
DislikedI agree having some SL is safe for those rare occasions your in a trade and you computer or internet connection dies....Ignored
DislikedZurathustra,
Thanks for sharing your ea's code. I've been learning to read mql4 etc lately so appreciate it more now, really like the simple logic of it, and the resulting code of your ea.
How long have you been using mql4 and/or been programming?Ignored
DislikedHeh, well many a year ago I took computer science in college where I learned some programming skills....Ignored
DislikedIt didn't do very well for me today either it took a new $5k demo account down to almost half it's starting amount using a 7 pip buffer on 34 pip renko range bricks, but was trying it on several pairs/crosses 1 lot each trade.
Think I'll continue to work on my simple LWMA cross ea, was trying to make one to work with consolidation breakout indi, but they kept freezing up mt4 in the backtester so don't know if it can work yet or not.Ignored
DislikedHi !
Here are all parts of my system. As someone mentioned, it is combination of THV system with my own indicators.
Rules are very simple:
Short:
1. Pa must be nearly under Cloud and Coral.
2. There must be two of three red lights on indicators in the bottom of the chart.
3. If you have target on 10 to 20 pips, avoid trading around news - 20 minutes before and 20 minutes after.
Long - opposite.
I’m trading on 3 pairs GBPUSD, EURUSD and EURJPY.
As you see, there are 2 charts for each pair on my platform. One is 5pips/candle and other is...Ignored
DislikedAfter leaving the EA to trade on its on for a bit, two things have come to my attention:
1....Ignored
DislikedDon't think I've read about a delay timer function yet in the coder's guru mql4 tutorials, but this sounds somewhat like the problem these guys are facing using ma crosses on renko charts in another renko discussion thread.
http://www.forexfactory.com/showthre...189584&page=38
Do you think changing the renko chart making ea as they are talking about may also help solve your ea's problem as well?...Ignored
DislikedUnfortunately hiding the data on a forming bar is not an option as that data is needed, otherwise I would just use "complete bars" for my entries and exits....Ignored