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CRB Alien!!

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  • Post #1
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  • First Post: Oct 24, 2014 6:19am Oct 24, 2014 6:19am
  •  Zokynho
  • Joined Sep 2011 | Status: Member | 934 Posts
Hello dear trader,

.....first of all apologise for my english,sometimes is not that good....

Before I start I would like to clarify that this isn't my strategy althought I implemented to my needs....Those who familiarize with my work know that I like to use offline charts and I play with them for few years now so I have some experiance!

All story about why I use Constant range bars you can read here http://www.forexfactory.com/showthread.php?t=482737 to know me and my understanding of how I doing this!

About this great strategy you can read on this thread http://www.forexfactory.com/showthread.php?t=463573....it isn't easy (took me few months to catch all aspects) but when you get 'aha' moment it will become easier....I still learn everyday,but improving myself on daily basis....Didn't want to hijack that beautifull thread so I opened my own!

After few months of playing with setting,different brick sizes,how many charts will there be? I created product that can be real good and want to share here because last 5 years I've learned much in this community so want to back something and I am strong believer of sharing is carrying!

RULES OF THREAD!

1. Be nice to each other,we are all here for same reason to make and take money from banks (and we all know how cruel this bussiness can be)
2. Respect each other because everyone here passess different stories so without help and this great community we all wouldn't be here now
3. I will be harsh but fair (that means that I will bann everyone who will try to make problems,or provoke members)
4. Read the thread and don't ask questions that has already been aswered!
5. You will have only one warning and after that will bann you queitly!
6. I am strong believer that there is not bad or good thing in forex only the view of each person so it is really stupid to argue of stuff about money management,stop loss thing or something!
7. Respect the title of thread and post ONLY about constant range....no renko,no candles,no anything else than CRB!

STRATEGY!

Till now I have been struggling with candles and many different timeframes and i come to conclusion that I am interested in specifical move not in what timeframe will that move happen,but for my trading this wasn't enought,something was missing so I added 1 more chart and my results improved but still not complete filled.Than i added another one to see whole story and implemented to my needs,and I am happy now!

So now I use 3 charts for 1 pair (much much better than 9 tf charts isn't it?)

Long term brick size 45 giving me overall picture of what currency pair doing!
Medium term brick size 20 which connecting longer vs.shorter understanding!
Short term brick size 8 to give entry and exit in the market!

So 9 charts of each currency pairs i narrowed in only 3 so 45 is similar like daily moves,20 is similar like 1h-4h and 8 chart could be link to 15 min chart so you see that I like to trade intraday!

BENEFITS:
1.CRB are much less sensitive than candles so if you see good opportunity it has more chance that you will catch move,but petientce is required for that offcourse;
2. It is easier and cleaner for our eyes than candles

DEFECTS:
1.You can miss move bacause it is not based on any timeframe so you don't get opportunity to enter again!
2. You need more screen time because you don't know when move can ocured!

Ok now we have charts so would be good to tell something about MM and pairs that I am using!

PAIRS!
1. Eur/Usd Eur/Aud Eur/Nzd Eur/Jpy Eur/Cad -euro sector
2. Gbp/Usd Gbp/Aud Gbp/Nzd Gbp/Jpy Gbp/Cad Gbp/Chf -cable sector
3. Aud/Cad Aud/Jpy Aud/Usd Aud/Nzd -aussie sector
4. Nzd/Usd Cad/Jpy Nzd/Jpy Usd/Jpy Usd/Cad -rest sector

It is 20 pairs and i put them in sectors so easier understanding!
Those who use offline charts know that metaquotes had awfull offer for offline so offcourse we cannot use many pairs because our charts would slow down and we cannot go into deep history so I hope one day metaquote will resolve this issuess,till now we must trade with what we have!

So every weekend i do analyse of 20 pairs and pick 5-7 best looking ones (that much i can follow without techicall problem on 2 monitors!)

HINT: is that you find best pair of every sector that you would follow + 1 or 2 more because you don't want to stuck in 2 similar pairs and lose twice!
HINT: everyday after trading day go throught all pairs maybe you want to change something over week!

MONEY MANAGEMENT!
After you have your pairs ready and you do your analyse on 45 and 20 chart you entering on 8 chart

Stop loss:
Stop loss is usually 20-30 pips depend on pair and my plan is to risk 1% to get 2% on each trade

HINT:you don't have to risk more because if you are right than PA will move in your favor,if you not 20-30 pips on 8 chart is enought,you will see throught time and in 80% of times it is on swing low or high

This is not set in the stone because I am still working on money management but for now it is this one

Take profit:
Tp is twice the stop loss so 1:2 risk reward ratio but it is good to use trailing stop so if your trade goes in your favor lets say 5 pips,you move your stop loss on -15 so you lose less simple as that

As we use momentum pa will move or would not so till now think that this MM is good

HINT:You don't need to force anything,be patience and % will come.Think like this if you have 7 trades per week,it is 28 trades per month so with only 50% strike rate you will earn 15% in month after compounding in few month you will be free!

On purpose I don't want to talk about more monthly 50% because consistency is important if you want to be good trader not 1 month 50% next -20%!

And if we use trailing that number would be ven higher so odds are in your favour (and hopefully you will have more than 50% strike rate as this strategy definately provide it)

If you are patientce and discipline enought to wait only A opportunities you need only 4 trades per week with 3 good ones and 1 bad with 20% monthly!
Those at expert level will have even more but one step at a time!

TRADING TIME:
I trade from Frankfurt open till London close sometimes 1 or 2 hours more but many time less because at that period market moves faster!

RULES OF SYSTEM:
It is hard for me to explain all this in first page but those who read Alien strategy know about rules and to other i advise to read it also before you come and trade CRB

We have better opportunities and not that good ones!
Throught time we will go with setups and because market repeat this over and over again it is up to you when you will learned it!

EXAMPLE OF 1 TRADE!
Attached Images (click to enlarge)
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Size: 53 KB Click to Enlarge

Name: EURUSDM20.png
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  • Post #2
  • Quote
  • Oct 24, 2014 6:20am Oct 24, 2014 6:20am
  •  Zokynho
  • Joined Sep 2011 | Status: Member | 934 Posts
SETTING UP THE CHARTS!!

1.Open your metatrader
2.Go to the file-open data folder-mq4 folder-expert folder-paste
3.Restart platform
4.Open 1 min chart for pair that you want to trade and hit home button for the history to create
5.Opend navigator, drag constant range bars to chart and put value in it

 

  1. BARS RANGE....enter brick size that you want to see on charts
  2. TIME FRAME....offline time frame you want to see (you can choose whatewer you want it is irrevelant)
  3. MAX BARS....max bars in history,dont take to much because it may slow down computer if you have many charts
  4. LEAVE DEFAULT all other options


​6.Your expert advisor must be green (auto trading)
7.You must se smiley on the right upper corner
8.When you see massage on left upper corner constant range bars started go to the file...open offline charts and choose the offline you created
9.Leave opened 1 min chart and enyoi

Attached Image (click to enlarge)
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Name: EURUSDM8.png
Size: 26 KB
Attached File
File Type: ex4 s-Constant Range Bars.ex4   15 KB | 1 download
 
 
  • Post #3
  • Quote
  • Edited at 6:36am Oct 24, 2014 6:21am | Edited at 6:36am
  •  Zokynho
  • Joined Sep 2011 | Status: Member | 934 Posts
Indicators!!
Attached Files
File Type: ex4 Advanced_ADX.ex4   4 KB | 1 download
File Type: mq4 Advanced_ADX.mq4   2 KB | 1 download
File Type: ex4 ADX Slope.ex4   4 KB | 1 download
File Type: mq4 ADX Slope.mq4   3 KB | 1 download
File Type: ex4 Drake Delay Stochastic.ex4   5 KB | 1 download
File Type: mq4 Drake Delay Stochastic.mq4   6 KB | 1 download
File Type: ex4 Heiken Ashi THV.ex4   3 KB | 1 download
File Type: ex4 RSIOMA Light.ex4   5 KB | 1 download
File Type: mq4 RSIOMA Light.mq4   4 KB | 1 download
File Type: ex4 Squeeze Light.ex4   4 KB | 1 download
 
 
  • Post #4
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  • Oct 24, 2014 6:37am Oct 24, 2014 6:37am
  •  Zokynho
  • Joined Sep 2011 | Status: Member | 934 Posts
TEMPLATE!!
Attached File
File Type: tpl Alien zokynho.tpl   8 KB | 1 download
 
 
  • Post #5
  • Quote
  • Oct 24, 2014 6:44am Oct 24, 2014 6:44am
  •  FXerha
  • | Joined Oct 2014 | Status: Member | 226 Posts
subscribe!! great work and idea
FXerha
Simple & effective All Time Profit: -9,318
 
 
  • Post #6
  • Quote
  • Oct 24, 2014 6:47am Oct 24, 2014 6:47am
  •  Zokynho
  • Joined Sep 2011 | Status: Member | 934 Posts
Quoting FXerha
Disliked
subscribe!! great work and idea
Ignored
Welcome FXerha and thank you!
 
 
  • Post #7
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  • Oct 24, 2014 6:56am Oct 24, 2014 6:56am
  •  Zokynho
  • Joined Sep 2011 | Status: Member | 934 Posts
ABOUT RANGE BARS!

Nicolellis range bars were developed in the mid 1990s by Vicente Nicolellis, a Brazilian trader and broker who spent over a decade running a trading desk in Sao Paulo. The local markets at the time were very volatile, and Nicolellis became interested in developing a way to use the volatility to his advantage. He believed price movement was paramount to understanding and using volatility. He developed Range Bars to take only price into consideration, thereby eliminating time from the equation. Nicolellis found that bars based on price only, and not time or other data, provided a new way of viewing and utilizing the volatility of the markets

CALCULATING RANGE BARS!

Range bars take only price into consideration; therefore, each bar represents a specified movement of price. Traders and investors may be familiar with viewing bar charts based on time; for instance, a 30-minute chart where one bar shows the price activity for each 30-minute time period. Time-based charts, such as the 30-minute chart in this example, will always print the same number of bars during each trading session, regardless of volatility, volume or any other factor. Range Bars, on the other hand, can have any number of bars printing during a trading session: during times of higher volatility, more bars will print; conversely, during periods of lower volatility, fewer bars will print. The number of range bars created during a trading session will also depend on the instrument being charted and the specified price movement of the range bar

THREE RULES OF RANGE BARS!

 

  1. Each range bar must have a high/low range that equals the specified range.
  2. Each range bar must open outside the high/low range of the previous bar.
  3. Each range bar must close at either its high or its low.


TRADING WITH RANGE BARS!

Range bars can help traders view price in a "consolidated" form. Much of the noise that occurs when prices bounce back and forth between a narrow range can be reduced to a single bar or two. This is because a new bar will not print until the full specified price range has been fulfilled. This helps traders distinguish what is actually happening to price. Because range bar charts eliminates much of the noise, they are very useful charts on which to draw trendlines. Areas of support and resistance can be emphasized through the application of horizontal trendlines; trending periods can be highlighted through the use of up-trendlines and down-trendlines

INTERPRETING VOLATILITY WITH RANGE BARS!

Volatility refers to the degree of price movement in a trading instrument. As markets trade in a narrow range, fewer range bars print, reflecting decreased volatility. As price begins to break out of a trading range with an increase in volatility, more range bars will print. In order for range bars to become meaningful as a measure of volatility, a trader must spend time observing a particular trading instrument with a specific range bar setting applied. Through this careful watching, a trader can notice the subtle changes in the timing of the bars and the frequency in which they print. The faster the bars print, the greater the price volatility; the slower the bars print, the lower the price volatility. Periods of increased volatility often signify trading opportunities as a new trend may be starting.

CONCLUSION!

While range bars are not a type of technical indicator, they are a useful tool that traders can employ to identify trends and to interpret volatility. Since range bars take only price into consideration, and not time or other factors, they provide traders with a new view of price activity. Spending time observing range bars in action is the best way to establish the most useful settings for a particular trading instrument and trading style, and to determine how to effectively apply them to a trading system.


SOURCE:


http://www.investopedia.com/articles...erent-view.asp

 
 
  • Post #8
  • Quote
  • Oct 24, 2014 7:00am Oct 24, 2014 7:00am
  •  Kiads
  • | Membership Revoked | Joined May 2012 | 1,218 Posts
Hi My Friend, Congratulation to your newest thread.. and will follow to learn with enthusiast

Best regard
MTH
 
 
  • Post #9
  • Quote
  • Oct 24, 2014 7:05am Oct 24, 2014 7:05am
  •  LITEchild
  • Joined Nov 2013 | Status: Member of the 5% club | 1,344 Posts
subscribed. I'm just beginning to pay more attention to CRBs and RENKO,so this comes at just the right time for me. Quick question. What's basically the difference between CRBs and RENKO? Any particular advantages/disadvantages? Consider me a complete noob here, so be gentle haha.
Understanding liquidity, Time Action and Price Action is priceless!
 
 
  • Post #10
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  • Oct 24, 2014 7:11am Oct 24, 2014 7:11am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,843 Posts
Quoting Kiads
Disliked
... and will follow to learn with enthusiast
Ignored
I doubt that you have a lot to learn about offline charts You were a great teacher for a lot of FF members.
MT4/MT5 EAs/Indicators/Alerts coder
 
 
  • Post #11
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  • Oct 24, 2014 7:18am Oct 24, 2014 7:18am
  •  Kiads
  • | Membership Revoked | Joined May 2012 | 1,218 Posts
Quoting FerruFx
Disliked
{quote} I doubt that you have a lot to learn about offline charts You were a great teacher for a lot of FF members.
Ignored
Hi Sir, nice to meet you again here.. , I must learn everyday or my signature will angry to me..
best regard
MTH
 
 
  • Post #12
  • Quote
  • Oct 24, 2014 7:21am Oct 24, 2014 7:21am
  •  Zokynho
  • Joined Sep 2011 | Status: Member | 934 Posts
Quoting Kiads
Disliked
Hi My Friend, Congratulation to your newest thread.. and will follow to learn with enthusiast Best regard MTH
Ignored
Thank you very much for visiting thread Kiads,I've learned a lot from you!

Regards!
 
 
  • Post #13
  • Quote
  • Oct 24, 2014 7:33am Oct 24, 2014 7:33am
  •  kprsa
  • Joined Feb 2014 | Status: ember | 1,268 Posts
Subscribed.

(Živio, Zoki!)
k
 
 
  • Post #14
  • Quote
  • Oct 24, 2014 7:33am Oct 24, 2014 7:33am
  •  Zokynho
  • Joined Sep 2011 | Status: Member | 934 Posts
Quoting LITEchild
Disliked
subscribed. I'm just beginning to pay more attention to CRBs and RENKO,so this comes at just the right time for me. Quick question. What's basically the difference between CRBs and RENKO? Any particular advantages/disadvantages? Consider me a complete noob here, so be gentle haha.
Ignored
Hello LITEchild,

Please check my previous thread in forex factory,there is my explanations CRB vs RENKO vs CANDLES and how I see it!

And the most important things for me CRB vs RENKO is that I can follow much more pairs on CRB than renko and my computer works good!

Renko can follow only 2-3 charts before nasty slow down at least to my techics!

CRB vs CANDLES after some failing i stop believe in candle patterns because of market openings in each broker are different so logically patterns are different and offline charts are more cleaner and simpler for my understanding! Candles provides lots of noises and playing with psyhology of trader more than offline!

I am strong believer in move not time!

Hope i gave you answear!

Kiads are master in offline charts so he could provide you much better answer!

Regards!
 
 
  • Post #15
  • Quote
  • Oct 24, 2014 7:36am Oct 24, 2014 7:36am
  •  Zokynho
  • Joined Sep 2011 | Status: Member | 934 Posts
Quoting kprsa
Disliked
Subscribed. (Živio, Zoki!) k
Ignored
HVALA!
 
 
  • Post #16
  • Quote
  • Oct 24, 2014 8:37am Oct 24, 2014 8:37am
  •  Zokynho
  • Joined Sep 2011 | Status: Member | 934 Posts
STOCHASTIC HINTS!!

Those who didn't read Alien's strategy I will try explain in short way what and how to look indies for better understanding strategy!!

In first window we have 3 stochastic: fast (black coloured) medium (blue coloured) and slow (white coloured)

We use it for is for picking up top and bottom of the market or to see if there is trend and how strong it is!

HINT 1: When all 3 stochastics is at top or botom we can expect opposite move or taking profits here!

HINT 2: When we have trend we can use fast stochastic for picking bottoms in uptrend and tops in downtrend works like a slingshot and with that kind of trades we can have great RRR

HINT 3: Medium stochastic showing us direction of trend (over 50 uptrend,under 50 downtrend)

HINT 4: Slow stochastic using it for a strong trend (when it is holding over 80 it is in strong uptrend or opposite for downtrend)

HINT 5: Watch for divergence

HINT 6: Watch if stoch fast break throught medium or slow for continuation of move

Regards!
Attached Images (click to enlarge)
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Name: Stoch hint 1.png
Size: 45 KB Click to Enlarge

Name: Stoch hint 2.png
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Name: Stoch hint 3.png
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Name: Stoch hint 4.png
Size: 40 KB
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Name: Stoch hint 6.png
Size: 53 KB
 
 
  • Post #17
  • Quote
  • Oct 24, 2014 9:18am Oct 24, 2014 9:18am
  •  Sciurus
  • Joined Oct 2012 | Status: Goodbye | 247 Posts
Wooo Hoo! Another Range Bar thread. Today is a good day indeed!
 
 
  • Post #18
  • Quote
  • Oct 24, 2014 9:26am Oct 24, 2014 9:26am
  •  LITEchild
  • Joined Nov 2013 | Status: Member of the 5% club | 1,344 Posts
Quoting Sciurus
Disliked
Wooo Hoo! Another Range Bar thread. Today is a good day indeed!
Ignored
lol. Hey buddy. Try not to contain yourself ok? hehehe.
Understanding liquidity, Time Action and Price Action is priceless!
 
 
  • Post #19
  • Quote
  • Oct 24, 2014 9:27am Oct 24, 2014 9:27am
  •  Zokynho
  • Joined Sep 2011 | Status: Member | 934 Posts
Quoting Sciurus
Disliked
Wooo Hoo! Another Range Bar thread. Today is a good day indeed!
Ignored

.....best trading chart isn't it?....

Regards!
 
 
  • Post #20
  • Quote
  • Oct 24, 2014 9:39am Oct 24, 2014 9:39am
  •  us fantasy
  • Joined Jul 2013 | Status: Member | 637 Posts
Congratulation to your newest thread
 
 
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