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More simple is impossible

  • #9,601
  • Jan 4, 2018 6:24am Jan 4, 2018 6:24am
Quoting francisquito
Hi all, about hardware to use with this our Renko system: - I currently use without problem a desktop computer with i7-3770 processor, 16GB, SSD, and network cable directly connected to router 50Mb/s internet access. 10 Renko charts running:2 for this More Simple is Impossible system(one MT4 instance), and 8 for Spartan Renko system(a second MT4 instance). - But at work, I use a laptop with i3-3227U processor, 16GB, SSD, connected by wifi b/g/n (without 5GHz with ac). Only 2 Renkos for our MSI system. Windows 7 64bit at both computers. And I don't...
I find this somewhat confusing. I am running a 15,10,5 and 3 pip chart on my MT4. Including market profile set to 15. My machine is an old core duo@ 2.8 ghz with 6 gb ram, no ssd. STG renko is used. Maybe you have too much crap running in the background? The machines you have should make mt4 fly.
Check your mt4 server latency as well.

Edit - internet 3G usb stick.
Best, Josh
  • #9,602
  • Jan 4, 2018 6:31am Jan 4, 2018 6:31am
Quoting francisquito
Hi billv, I do it for learning issues
Well when you are watching the charts you will see that renkos don't work well with all currencies.
I guess you could use time as your filter so you don't get caught in too many range bound periods.
Have a nice day
  • #9,603
  • Jan 4, 2018 7:09am Jan 4, 2018 7:09am
Quoting JoshuaHope
{quote} I find this somewhat confusing. I am running a 15,10,5 and 3 pip chart on my MT4. Including market profile set to 15. My machine is an old core duo@ 2.8 ghz with 6 gb ram, no ssd. STG renko is used. Maybe you have too much crap running in the background? The machines you have should make mt4 fly. Check your mt4 server latency as well. Edit - internet 3G usb stick. Best, Josh
Yes, a little bit of crap on laptop, an VMWare running a Windows instance with the "work" issues only. But when I switch off this virtual machine MT4 is as slow on my DAX renko than before.
I wil check the milliseconds of the servers that MT4 links from now on. And I will check the wifi speed at work, maybe the 3G/4G usbstick could help to clarify the bottleneck.

Thank you Josh
  • #9,604
  • Jan 4, 2018 7:10am Jan 4, 2018 7:10am
Quoting Jagg
{quote} Extra > Options > Diagram > max bars in history/max bars in chart <<-- are both set to same values (or better reduce it a little more on the i3)?
Good point Jagg, thank you, I will reduce my current values on my laptop at a half.
  • #9,605
  • Jan 4, 2018 7:22am Jan 4, 2018 7:22am
Quoting billv
{quote} Well when you are watching the charts you will see that renkos don't work well with all currencies. I guess you could use time as your filter so you don't get caught in too many range bound periods.
Hello Billv,
better than this, it could be to take in mind a good TP. Before opening a trade, on thing that I am still training is to identify a possible TPs an I only open that trade if TP is at least 2X distance from opening price than the 1X distance to SL.
Forex it is not different than others symbols, big dealers know perfectly where they want the price movements
  • #9,606
  • Jan 4, 2018 9:23am Jan 4, 2018 9:23am
Quoting JoshuaHope
{quote} Hi. I hope you don't mind, I have annotated your chart. A tactics that is very important - take your chart and annotate it after every session - best way to learn. What happened here? What did I not see? What should have i done? Compare to what I actually did... You are missing some BRNs. You are not using the ema3+2, that is fine if you chose to do so, but then there is no point in having it on the chart. MACD, it shows momentum divergences, but also the setting of 7 10 5 color should align with your trade.(unless you are convinced otherwise)....
Thanks a lot for your comments. I am always great at analysing when see chart on right hand side and then I always see what should have seen before. TBH I am still struggling with the strategy - entry criteria and TF to take trade on.
  • #9,607
  • Jan 4, 2018 9:33am Jan 4, 2018 9:33am
In this trade. Let´s see if it breaks resistance. Huge room to the upside.
Attached Image (click to enlarge)
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  • #9,608
  • Jan 4, 2018 9:38am Jan 4, 2018 9:38am
Quoting cfabian
In this trade. Let´s see if it breaks resistance. Huge room to the upside. {image}
Looks like an excellent entry, I am watching this as well. No trading, because lot of work, paradoxically..
  • #9,609
  • Jan 4, 2018 9:51am Jan 4, 2018 9:51am
Quoting Matomi
{quote} Looks like an excellent entry, I am watching this as well. No trading, because lot of work, paradoxically..
I entered it too and closed due to BRN. I jumped in a bit earlier though.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 4.1.2018 1.png Size: 48 KB
  • #9,610
  • Edited 12:07pm Jan 4, 2018 10:33am | Edited 12:07pm
Quoting Jagg
{quote} Extra > Options > Diagram > max bars in history/max bars in chart <<-- are both set to same values (or better reduce it a little more on the i3)?
Yes I agree, less is sometimes more :-) ... e.g. here are another tips for an optimization.
For me is the best generator recommended by JoshuaHope e.g. here
Don't think!
  • #9,611
  • Jan 4, 2018 1:24pm Jan 4, 2018 1:24pm
Quoting majrou666
{quote} I entered it too and closed due to BRN. I jumped in a bit earlier though. {image}
Maj,
Your fibos are not correct. They are upside down. That would be the 38.2 level. Notice this in your other graphs.
  • #9,612
  • Jan 4, 2018 1:43pm Jan 4, 2018 1:43pm
hi everyone, can some one post the LATEST renko ea or template with the indicators please. it seems there are so many thats come along the way since the first thread. just want to make sure im on the same page as you, the rest of the guys. thankyou
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #9,613
  • Jan 4, 2018 2:31pm Jan 4, 2018 2:31pm
Quoting forex baraka
hi everyone, can some one post the LATEST renko ea or template with the indicators please. it seems there are so many thats come along the way since the first thread. just want to make sure im on the same page as you, the rest of the guys. thankyou
There is no uniform chart anymore, as people have modified to suit them better. I would suggest Dee's default template that you can find in the attachment section of this page...then mod if you need to suit you better.
Best, Josh
  • #9,614
  • Jan 4, 2018 2:36pm Jan 4, 2018 2:36pm
Quoting JoshuaHope
{quote} There is no uniform chart anymore, as people have modified to suit them better. I would suggest Dee's default template that you can find in the attachment section of this page...then mod if you need to suit you better. Best, Josh
thanks for joshua. i cant find the attachment for some reason. can you post it here please? thankyou
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #9,615
  • Jan 4, 2018 4:02pm Jan 4, 2018 4:02pm
Quoting cfabian
{quote} Maj, Your fibos are not correct. They are upside down. That would be the 38.2 level. Notice this in your other graphs.
Hey cfabian, I know that I have always used it this was. I draw the retracement from top to the bottom. I find it more logical if the move makes retracement of about 1/3 to have level 61.8. The 50 % level is the same and 38.2 and 61.8 are vice versa. Hope it won´t be too confusing when looking at my charts
  • #9,616
  • Jan 4, 2018 4:05pm Jan 4, 2018 4:05pm
Quoting forex baraka
{quote} thanks for joshua. i cant find the attachment for some reason. can you post it here please? thankyou
https://www.forexfactory.com/showthr...60#post8674560
There is an attachment button at the top right of this page, it will allow you to find everything ever posted here.
Attached Image (click to enlarge)
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  • #9,617
  • Jan 4, 2018 4:12pm Jan 4, 2018 4:12pm
Quoting majrou666
{quote} Hey cfabian, I know that I have always used it this was. I draw the retracement from top to the bottom. I find it more logical if the move makes retracement of about 1/3 to have level 61.8. The 50 % level is the same and 38.2 and 61.8 are vice versa. Hope it won´t be too confusing when looking at my charts
Well, it actually is, as the % measures the depth of the retracements, so when you speak about that level, everyone reading you gets confused as that is the trading language.

If is just for you it is ok. Just my 2 cents.
  • #9,618
  • Jan 4, 2018 5:27pm Jan 4, 2018 5:27pm
Here are my today´s trades. I had two good trades the rest was rubbish.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 4.1.2018 overall.png Size: 63 KB
  • #9,619
  • Jan 5, 2018 2:18am Jan 5, 2018 2:18am
Dax +21 +20 +10 +15 +13ongoing (hit tp +40)

Hi guys,
here some of yesterday trades and the first of this morning.
It reached my Tp@ 200 fibos for + 40 pips, but at this moment it rise for 25 pips more.
Have a great day,

Best
Luca
Attached Image (click to enlarge)
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  • #9,620
  • Jan 5, 2018 2:23am Jan 5, 2018 2:23am
Quoting majrou666
Here are my today´s trades. I had two good trades the rest was rubbish. {image}
Look at the positives. You did not argue with the trend which is something many do and get slayed. I see your macd is 5 10 7, is this intentional? If those setting work for you well ok. Most here have it at 7 10 5. Why do i mention it? The general idea is that you look for a macd color to be green when taking a buy trade. Using this, you would not have taken many of the bad trades here. This however only reduces the number of bad entries, not a condition i see green mac, buy all.
This is a strong uptrend, in which certain rules apply - divergences will most likely only signal pullbacks not reversals, look for hidden divergences, momentum/trendline/divergence breaks for entries.
Different market conditions call for different trade styles, rules if you will. - range, consolidation.
P.S. I suggest not looking at the 3 pip at all, if you are working with 10 and 5. It will seduce you in taking the wrong side. It is for the very experienced.
Best, Josh
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