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More simple is impossible

  • #9,141
  • Jun 22, 2017 8:08am Jun 22, 2017 8:08am
Quoting francisquito
{quote} Thanks Dee. Does someone use the EA MakeMoney? does the loss and profit buttons work ok for you? These buttons does nothing, they show error on my chart. I use a demo account on mt4 but the stop and profit that I try are far enough from current price position. Regards
They work fine for me, you have to set them in the EA properties, have you set them for your brokers digits. you say you get an error, what does it say.
Cut your Losers short and let your Winners run.
  • #9,142
  • Jun 22, 2017 8:14am Jun 22, 2017 8:14am
Hi Dee50, your posts are so good and is helping me in learning to trade.
I am new to MT4 and have loaded renko, range bar and indicators on the charts. I just want to ask you how do you have two charts where you S/R lines on the HTF will also load on the LTF one or do you draw on both. At the moment, I am just drawing it on both. Thanks in advance.
  • #9,143
  • Jun 22, 2017 8:35am Jun 22, 2017 8:35am
I saw a good entry here but how do I deal with closing this one.
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  • #9,144
  • Jun 22, 2017 9:00am Jun 22, 2017 9:00am
Quoting dee50
{quote} They work fine for me, you have to set them in the EA properties, have you set them for your brokers digits. you say you get an error, what does it say.
On a H1 chart frame it works fine.

It is something related to the renko chart.
Sometimes on the renko chart I can't put a buy order at market price, the EA tells me "invalid price #129". When it launch a buy order at marter sucessfully I select SL an TP buttons and it says nothing
  • #9,145
  • Jun 22, 2017 9:09am Jun 22, 2017 9:09am
Quoting arrowzkingdo
Hi Dee50, your posts are so good and is helping me in learning to trade. I am new to MT4 and have loaded renko, range bar and indicators on the charts. I just want to ask you how do you have two charts where you S/R lines on the HTF will also load on the LTF one or do you draw on both. At the moment, I am just drawing it on both. Thanks in advance.
https://www.forexfactory.com/showthr...70#post8521770
Cut your Losers short and let your Winners run.
  • #9,146
  • Jun 22, 2017 9:10am Jun 22, 2017 9:10am
Quoting arrowzkingdo
I saw a good entry here but how do I deal with closing this one. {image}
??
Cut your Losers short and let your Winners run.
  • #9,147
  • Jun 22, 2017 9:32am Jun 22, 2017 9:32am
Quoting dee50
{quote} https://www.forexfactory.com/showthr...70#post8521770
Cheers Dee, going to have fun with this.

My problem at the moment when to close a trade. I think I will go over your posts again.
  • #9,148
  • Jun 22, 2017 9:55am Jun 22, 2017 9:55am
Quoting arrowzkingdo
{quote} Cheers Dee, going to have fun with this. My problem at the moment when to close a trade. I think I will go over your posts again.
Hello Arrow, you can use S&R levels defined by known price lines that they are S&R on the instrument you trade, dayly pivot points, the boundaries of the price channel that you could have drawn over your dayly/4H charts, and too round numbers like 12700, 12750, 12800 on DAX now, fibonacci retracement levels, ADR calculations levels... this game is for crazy people.
:-D
  • #9,149
  • Jun 22, 2017 10:47am Jun 22, 2017 10:47am
Quoting francisquito
{quote} On a H1 chart frame it works fine. It is something related to the renko chart. Sometimes on the renko chart I can't put a buy order at market price, the EA tells me "invalid price #129". When it launch a buy order at marter sucessfully I select SL an TP buttons and it says nothing
OK. tried it on a Renko Chart, see what you mean. I have no idea, I use it on my Range Bars and it works fine, if you are desperate to use it tell the author, the link to the site is here some where.
Cut your Losers short and let your Winners run.
  • #9,150
  • Jun 22, 2017 1:44pm Jun 22, 2017 1:44pm
DAX +5+0+7

Boooooooring, it's not worth to trade on days like this.
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  • #9,151
  • Jun 23, 2017 4:54am Jun 23, 2017 4:54am
Hello everyone,

first I like to thank you all for your work here. I like the PA trading approach and this thread contains so much information, it's more helpful than most of the books I red so far. Special thanks to you Dee50, the pdf's you posted here are really good sources of information. I don't know exactly who coded all those shared indicators here, but thanks to you as well for giving them away for free.

Below you can see my first try with range bars and how not to do it.
Long was silly because we were still in a downtrend. Short wasn't that bad but had been taken out by 1 pip before price moved on...
Obviously I still have a long way to go.

Best regards
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  • #9,152
  • Jun 23, 2017 6:10am Jun 23, 2017 6:10am
I always have doubts about what divergence to trust or not. Today after the drop of prices from 12.750 to 12.700 we have two divergences in a row, first one buy and second one sell. What divergence would you trust and why? Maybe range bars 5 pips is not enough to trust divergences and I should look at 10 pips. Or maybe I just do not know how to draw correctly divergences. What do you think?
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  • #9,153
  • Edited 6:45am Jun 23, 2017 6:30am | Edited 6:45am
Quoting Magic11
I always have doubts about what divergence to trust or not. Today after the drop of prices from 12.750 to 12.700 we have two divergences in a row, first one buy and second one sell. What divergence would you trust and why? Maybe range bars 5 pips is not enough to trust divergences and I should look at 10 pips. Or maybe I just do not know how to draw correctly divergences. What do you think? {image}
If you can not sing it just hum it.
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Cut your Losers short and let your Winners run.
  • #9,154
  • Jun 23, 2017 6:52am Jun 23, 2017 6:52am
Quoting dee50
{quote} If you can not sing it just hum it. {image} {image}
Dee50, Can I ask that where is the stoch cycle you have been said?

I didn't find the pdf with it. Thank you.
  • #9,155
  • Jun 23, 2017 6:59am Jun 23, 2017 6:59am
mingmoon,

Quoting mor707
I did a search in this thread for all of Dee's posts which mentions the term "cycle". I am studying it again now and only now is it starting to make sense to me. I attach it here, maybe it could be of benefit to somebody. Regards {image}


Attached File(s)
File Type: pdf Renko Cycle trading summary.pdf   2.8 MB | 977 downloads



here is the summary
  • #9,156
  • Jun 23, 2017 7:11am Jun 23, 2017 7:11am
Quoting dee50
{quote} If you can not sing it just hum it. {image} {image}
Now I look at the trendline in H1 and the lower bottom in prices but not in MACD I see it more clear. I remember you adviced to me to look at the H1 chart too so one more time I fell in the same stone. Btw nice song, I wish some day it becomes real...gone are the dark clouds that had me blind. Thanks for your help.
  • #9,157
  • Jun 23, 2017 8:56am Jun 23, 2017 8:56am
Having 30Min charts really helps

Thanks for bringing up TOR/BOR for 1st hour. They definitely bring extra depth.

Lastly, the idea of combining 2 indicators to one window, from your chart, really gives extra space for my screen
Thanks for that, too.

I hope you all have a nice weekend.
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  • #9,158
  • Jun 23, 2017 9:30am Jun 23, 2017 9:30am
Quoting Tetulla
mingmoon, {quote} {image} here is the summary
Thanks!
  • #9,159
  • Jun 26, 2017 1:12pm Jun 26, 2017 1:12pm
DAX +5+10+1-1-6+24+1+12

Not the prettiest trading by me today, but I'm done with +. Momentum stalled absolutely, I was ready for re-enter short to fill up at least the morning GAP, maybe tomorrow.
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  • #9,160
  • Jun 27, 2017 3:32am Jun 27, 2017 3:32am
Quoting dee50
RENKO CHART SUITE V3. You guys are gonna love what Brokemat has done since yesterday with RCS, he ironed out the small bugs and an updated version is posted. Try out his presets, crazy bars, flick between presets to music it is just like being in a disco, do you youngsters still have discos or are they all Clubs now!!! Link to the thread for V3. https://www.forexfactory.com/showthread.php?t=653664 Full instructions on how to use in Post #1 {image}
Thank you for your contribution, you are a zealous and generous person!
Do you still trade in E/U? De30 in my broke， spreads too high, the Leverage is too small.
English is not my mother tongue, sorry.
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