Attachments: Renko channel + Fast EMA = simple and profitable

Renko channel + Fast EMA = simple and profitable

#701
Sep 15, 2017 1:40pm Sep 15, 2017 1:40pm

KashifNawaz
Joined Oct 2016 | Status: Trader | 578 Posts

Last week I found this page and read first 20 pages so far. It is interesting to me because here you guys are discussing same strategy which I am trading manually since last 3 months. Did you guys found any good future testing results of this EA?

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#702
Sep 15, 2017 1:56pm Sep 15, 2017 1:56pm

KashifNawaz
Joined Oct 2016 | Status: Trader | 578 Posts

Hello Guys, I am looking for an EA with following simple rules.

Variable (Default Value)

Lot Size
0.1

Trade
Buy & Sell
Buy Only
Sell Only

Trading Time Zones
USA & London
USA Only
24 Hours

Maximum Trades per pair
1 (If a trade is already open for a pair, it should NOT open another one.)
2 (2 trades (one buy and one sell) could be open. For example, if entry mode is 2nd bar and exit mode is 3rd bar. EA opened a sell entry after completion of 2 red bars then market reversed and 3 blue bars appeared. EA should open another buy trade at the completion of 2nd blue bar and should close sell at the completion of the 3rd bar.)

Entry
1st Bar (At the completion of 1st Bar)
2nd Bar (At the completion of 2nd Bar)
Blue/Orange Dot (EA should open buy entry once blue dot with bar completed and sell entry once orange dot with bar completed.)

Exit
1st Bar (At the completion of 1st Bar of opposite color)
2nd Bar (At the completion of 2nd Bar of opposite color)
3rd Bar (At the completion of 3rd Bar of opposite color)
Exit Manually (Don’t let EA close the trade)

EMA Value
30 (It could be changed to any particular value)
EMA Filter
Off
On (Once on, it should open only Sell Trades below EMA and Buy Trades above EMA as per above set rules. For example, if entry is selected at the completion of 2nd bar and 2nd bar completed just above/below EMA then it should open a trade.)

Renko Street Trend Filter
Off
On (Whatever entry method selected above, it should get confirmation from Renko Street color before opening trade. Green for Buy, Red for sell.)

Take Profit 1000 Points (100 Pips)
Stop Loss 0 Points

Buy Stop Enter Price Buy above given price (EA Should not buy below given price)
Sell Stop Enter Price Sell below given price (EA Should not sell above given price)

In case, we make changes in setting of EA or we close the EA, it should not close already open trades.
Please see attached files for further details. Let me know in case of any query. Thanks

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: SC Renko EMA21.png
Size: 23 KB

Click to Enlarge

Name: SC Renko AllAbsoluteStrengthTrend.png
Size: 21 KB

Attached File(s)

AllAbsoluteStrengthTrend_v1 600+.ex4 184 KB | 1,866 downloads

Inputs.xlsx 10 KB | 1,106 downloads

Renko Box 10.tpl 5 KB | 1,444 downloads

RenkoLiveChart_v600.5(1m TickChart).ex4 27 KB | 1,561 downloads

RenkoStreet_Trend.ex4 9 KB | 1,868 downloads

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#703
Oct 5, 2017 10:12am Oct 5, 2017 10:12am

mentms
| Joined Sep 2016 | Status: Trader | 28 Posts

Quoting skyler

Disliked

going to TP.. look how its powerfull, just statistics, we have great RR to have money in long term. I think about higher TP and trailing stop whats you think guys? Ok lets check another version of MathTrader7 EA. Great work bro! {image}

Ignored

Hello skyler,

what's sessions do you turn on the Ea?

#704
Dec 16, 2017 2:00pm Dec 16, 2017 2:00pm

Hutch
Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts

Quoting zamanib

Disliked

{quote} Listen carefully 1. I have no holy grail 2. I am no hero or matcho man 3. I hate when people waste time when bitching repainting indicator 4.I have no secret or any thing to sell 5. I use mean renko -- I modified it to work for me -- I also have for Ninja platform -- Don't look for it - will not find it - you may find something close to it but not the same. 6. I have been trading forex since 2002-2003 and I see and test all the indicators on codebase and ff - I found 3 indicator out of millions that will give some profit.

Ignored

Well said zamanib. Too many people think that indicators don't repaint or that there is a "Forex Magic Formula" that will ensure that all trades are winners. Forex trading requires learning and trying different systems until you have one that suits you but, more importantly, it requires patience. It looks like that many people don't have the patience required to learn a new system and even less trading it.

#705
Jul 6, 2018 5:48pm Jul 6, 2018 5:48pm

Intrepidpips
Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,716 Posts

Quoting dragos_

Disliked

{quote} So, zamanib - what is the name of the shifted renko indicator you are using and where is available to buy it? Intrepidpips asked this and I am also curious, because as I understand from you this indicator does not fail since you are using it.. You act like you have a secret indicator, ignore questions about it, but yet proactively try to stop others developing their own. It doesn't look good..

Ignored

Try this (place it on the indicators folder)

Attached File(s)

Casino_Renko_Mean_Builder_v1.ex4 27 KB | 1,519 downloads

Then you have to work out which combination suits you.
20pips 5%

Attached Image (click to enlarge)

Click to Enlarge

Name: RM 65.png
Size: 51 KB

Or 10pips 20%

Attached Image (click to enlarge)

Click to Enlarge

Name: RM 67.png
Size: 52 KB

Maybe 5pips 20%

Attached Image (click to enlarge)

Click to Enlarge

Name: RM 66.png
Size: 51 KB

Just think outside the brick

Let it turn and find your entry.

#706
Jul 7, 2018 12:02am Jul 7, 2018 12:02am

Profess
| Membership Revoked | Joined Mar 2018 | 224 Posts

Quoting Intrepidpips

Disliked

{quote} Try this (place it on the indicators folder) {file} Then you have to work out which combination suits you. 20pips 5% {image} Or 10pips 20% {image} Maybe 5pips 20% {image} Just think outside the brick

Ignored

Hi does it bars repaint ?

[email protected] om

#707
Jul 7, 2018 4:36am Jul 7, 2018 4:36am

mawela
| Joined Jan 2012 | Status: Trader | 7 Posts

Hi, normally on MT4 you have to use offline chart to enable Renko charts to work. Do you just place the indicator on the Indicator folder and it will work? I wish it was the same like on Ninjatrader where it is much easier to place Renko indicator.

#708
Jul 7, 2018 6:22pm Jul 7, 2018 6:22pm

Intrepidpips
Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,716 Posts

Quoting Profess

Disliked

{quote} Hi does it bars repaint ?

Ignored

It does like ALL Renkp chart builders.

Let it turn and find your entry.

#709
Jul 7, 2018 6:23pm Jul 7, 2018 6:23pm

Intrepidpips
Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,716 Posts

Quoting mawela

Disliked

Hi, normally on MT4 you have to use offline chart to enable Renko charts to work. Do you just place the indicator on the Indicator folder and it will work? I wish it was the same like on Ninjatrader where it is much easier to place Renko indicator.

Ignored

Place it in the indicators folder, restart MT4, load it on your M1 chart then open the M2 offline chart.

Let it turn and find your entry.

#710
Jul 8, 2018 8:12am Jul 8, 2018 8:12am

mawela
| Joined Jan 2012 | Status: Trader | 7 Posts

Thanks a lot for your quick response. Is there a way to make the bricks e.g. 10 pips to be thicker? I see they are very thin. Great work.

#711
Jul 24, 2018 10:21am Jul 24, 2018 10:21am

zamans98
| Joined Mar 2007 | Status: There is No Secret in Forex | 889 Posts

Quoting mawela

Disliked

Hi, normally on MT4 you have to use offline chart to enable Renko charts to work. Do you just place the indicator on the Indicator folder and it will work? I wish it was the same like on Ninjatrader where it is much easier to place Renko indicator.

Ignored

in MT4, place in indicator folder.
Then refresh /reload your terminal.

Open your pair like XAU/USD, use any timeframe u want. I normally use 15Minutes.

Then file > open offline > select XAU/USD M2 or whatever min the RENKO INDI that you choose (M2, M3, M4 etc)

#712
Jul 24, 2018 7:38pm Jul 24, 2018 7:38pm

LuizSchiavi
Joined Aug 2015 | Status: Trader | 636 Posts

Quoting Intrepidpips

Disliked

{quote} Try this (place it on the indicators folder) {file} Then you have to work out which combination suits you. 20pips 5% {image} Or 10pips 20% {image} Maybe 5pips 20% {image} Just think outside the brick

Ignored

Hi,

Thank you so much !

Looks amazing...

I'm trying to find a good combination to use with DAX (GER30)

Attached Image (click to enlarge)

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Name: Screenshot1.png
Size: 60 KB

#713
Jul 26, 2018 3:41am Jul 26, 2018 3:41am

zamans98
| Joined Mar 2007 | Status: There is No Secret in Forex | 889 Posts

Quoting Intrepidpips

Disliked

{quote} Try this (place it on the indicators folder) {file} Then you have to work out which combination suits you. 20pips 5% {image} Or 10pips 20% {image} Maybe 5pips 20% {image} Just think outside the brick

Ignored

Can you explain on the %, = SHIFT?

20 pips = 5%?

Thanks

#714
Jul 26, 2018 5:05am Jul 26, 2018 5:05am

Intrepidpips
Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,716 Posts

Quoting zamans98

Disliked

{quote} Can you explain on the %, = SHIFT? 20 pips = 5%? Thanks

Ignored

First you choose the Pips/brick size say 10 like in the screenshot. Mind you that means for a Bearish to Bullish change in direction, price has to move 2 times the pips size.

The shift is the incremental pips movement if you need a new bar printed with 10% movement which is 10% of 10pips = 1pip or you want 30% of 10pips = 3pips you indicate your choice in the Box_Shift_Percent field.

Attached Image (click to enlarge)

Click to Enlarge

Name: RM 112.png
Size: 71 KB

Here I have chosen 10pips Brick size and 50% Shift Percent which is 5 pips.

Let it turn and find your entry.

#715
Aug 14, 2018 2:58am Aug 14, 2018 2:58am

zamans98
| Joined Mar 2007 | Status: There is No Secret in Forex | 889 Posts

Quoting Intrepidpips

Disliked

{quote} First you choose the Pips/brick size say 10 like in the screenshot. Mind you that means for a Bearish to Bullish change in direction, price has to move 2 times the pips size. The shift is the incremental pips movement if you need a new bar printed with 10% movement which is 10% of 10pips = 1pip or you want 30% of 10pips = 3pips you indicate your choice in the Box_Shift_Percent field.{image} Here I have chosen 10pips Brick size and 50% Shift Percent which is 5 pips.

Ignored

thanks
Can you please share your template, it looks very nice.

#716
Aug 14, 2018 12:25pm Aug 14, 2018 12:25pm

Intrepidpips
Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,716 Posts

Quoting zamans98

Disliked

{quote} thanks Can you please share your template, it looks very nice.

Ignored

Okay

Attached File(s)

CASINO RENKO.rar 195 KB | 1,485 downloads

Let it turn and find your entry.

#717
Aug 17, 2018 12:12pm Aug 17, 2018 12:12pm

zamans98
| Joined Mar 2007 | Status: There is No Secret in Forex | 889 Posts

Quoting Intrepidpips

Disliked

{quote} Okay {file}

Ignored

Thanks, really appreciate that

#718
Aug 18, 2018 3:26am Aug 18, 2018 3:26am

rosa08
| Joined Aug 2018 | Status: Trader | 1 Post

Quoting udeltaforex

Disliked

Hi, look at the combination of Renko + ADX + Stochastic. Currency pair: GBPUSD Renko size = 10 pips How to trade: 1. Take ADX sell signal only if both stochastic lines are below 50; 2. Take ADX buy signal only if both stochastic lines are above 50; 3. SL = 35 pips or valid signal in the opposite direction; 4. TP = 90 pips or valid signal in the opposite direction; 5. When profit reaches 20 pips , close 80% of the position (thus we guarantee small profit, even if SL is hit by the price action) For November 2015 - 14 winners and 1 loss. Not a bad...

Ignored

Hi udeltaforex,

I'm trying out your system on demo, is this still the current version or do you have an updated one? Perhaps with buy/sell alarm? Also, do you have EA for it that you could share?
Thanks in advance.

#719
Oct 6, 2018 4:56am Oct 6, 2018 4:56am