Boomerang charts

Shout out to the person that saw bees dancing around a hive and said to himself, "Those bastards are hiding something delicious in there.".

Today i got promoted from junior member status so this is my first thread .

I believe math plays a key role in all systems especially digital systems, including the fx markets and after reading a lot of "Guru" strategies online and losing tonnes of money, I just decided to come up with my own system and build something of my own that suits my trading style, patience and greed. Trading is a self discovery journey, settle down and get to work...When you see it you will know...Happy hunting

Looks interesting, thanks for sharing
Will you share your idea and technical basis?

hi,
it looks like that you are using 12.5% shifted renko charts. this looks very good on your pictures but wont work in reality because it takes way too much pips in the opposite direction for the line to change if you know what i mean..

Hi collectionof, did you use EMA or SMA in your offline chart ??

Hello Collectionof,

you have converted the price curve (left graph) and the mm to linear or logarithmic on the right graph, using a mathematical formula?

Thank,s

please share indicators and a template for it

there was a thread here from a guy named kiads who has build a trading system with similar kind of charts here on ff, the system is called arts if you are interested you can find it easy if you search it.

the line is build by creating renko charts and shift them for 12,5% and put on line chart, the indicator for shifted renko is also in the thread.

a big minus for it is, lets say you are in an uptrend and look at 10pip renko charts. so it takes 30 pips to build a new brick in the opposite direktion which makes it super lagging and you will close many trades negatively

But the thing is it looks good, when people watch it, they see trend everywhere but when they start trading it they see they stops also being touched everywhere and they quit then say rerko repaints. Two problems here, 1st is that all those variations of rneko are wrongly painted at least graphically, the right way to do so is the way mathtrader7 does it with its no gap nenko. 2nd is, a whole lot of people ignore how those types of charts move hence they can’t figure how to use them.

i cannot see any files such as indicators etc... kindly where i can find them?

it seems he deleted the indicator in the first post of the arts thread. Just Google for mth accel shift renko and you will find it

Hi everyone sorry i wasn't able to reply to all your questions yesterday.

First of all, yes the lines are plotted from renko bars but not the mth renkos. I coded my own indi as i found the mth used up too much ram and at the time I couldn't afford a powerful pc. The math i used is also slightly different. If you were to use the mth 12.5% you will see that your charts will look quite different. Though with a little effort you might achieve a fairly similar result.

Secondly this strategy requires extreme patience. Each day there are only 2 major trends, One during london and one during Newyork session, heading into the Asian range. And these are the usually the only ones you will see. So i only trade the MA crosses during these sessions (SMA 50 & SMA 100), refer screenshots below. Combined with binary options it has served me well for almost 1 year now, especially for binary as i don't need to catch huge moves, the MA crosses are enough with 5 min expiries. Another setup i take are the aggressive entries right after the MA crossings , these reversals are great for binary (usually very deep ITMs ). Another use is to pick out very powerful support and resistance levels that are difficult to spot though i don't use them much. I also have a faster setting that gives maybe 3 more signals per day but i prefer the slower one. Of late i am leaning towards binary options more as it is less stressful.

The problem with many traders is impatience. Not many people would be Ok with having 2 highly accurate signals per day, 3 max. Many of us are just hooked to clicking the buy/sell button

Unfortunately a lot of work and hours went into this one to just hand it out so i am sorry i cannot share it but only point you in the right direction. You can use mth and I believe you would be able to achieve fairly similar results with a little bit of effort. if you google mth renko you will be able to find it, i think it's somewhere in this forum...happy hunting

sent you a message!!!

I only trade GBPUSD only.... so i am very patient myself...