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Renko channel - very accurate (assembled by me)

  • #141
  • May 1, 2020 4:36pm May 1, 2020 4:36pm
Your system looks very promising. Thank you for sharing and for your patience in teaching us how to use it.
A question. I saw that EA Quick_Trailing is already included in the system, according to your experience what is the best configuration to use it? I saw that it is to define SL, TP and trailling step.
  • #142
  • May 1, 2020 5:45pm May 1, 2020 5:45pm
Quoting inforcross
Your system looks very promising. Thank you for sharing and for your patience in teaching us how to use it. A question. I saw that EA Quick_Trailing is already included in the system, according to your experience what is the best configuration to use it? I saw that it is to define SL, TP and trailling step.

thank you very much for your words ... knowing that this simple and elementary system is appreciated by many, gives me the energy to improve it more and more.
you don't have to configure anything. loading with the template everything is ready to use .. if you prefer to change TP and SL, you can change it as you wish .. but everything else is already set.
  • #143
  • May 1, 2020 6:31pm May 1, 2020 6:31pm
Quoting havo
{quote} that chapter its completely FLAWED from start to finish.. that its NOT how you read renko and certainly thats not how you enter the market with them in my opinion that was more than a filler chapter based on hot air than anything else because, again, it doesnt hold true and its completely flawed logic in live trading conditions
Can you then just tell us how we can read Renko perhaps .. but I do agree that Renko with wicks gives you better picture
  • #144
  • May 2, 2020 1:14am May 2, 2020 1:14am
Valdecchio, interesting thread, I have done a lot of work with renko in the past, also using some similar indicators as you, trying to keep it clean and simple. Quick question, why have you stopped using the spearman indicator? Are you able to post that indicator as I would like to do some testing with it and can report back once I'm done.

Thanks!
  • #145
  • May 2, 2020 1:46am May 2, 2020 1:46am
Quoting mntiwana
{quote} "tma centered bands 2.03 mtf" Try this of Mladen's latest "tma centered bands 2.03 mtf" extended by Mrtools,may be solve your issue,most probably a limiting bar ver solve it too applied both with same attributes and hiding each other the version includes a lot of alerting capability {image} {image} {file}
Hello Mntiwana, do you have this indicator for MT5, or any other similar one for MT5?
In It To Win
  • #146
  • May 2, 2020 3:33am May 2, 2020 3:33am
Quoting Aftermath
Valdecchio, interesting thread, I have done a lot of work with renko in the past, also using some similar indicators as you, trying to keep it clean and simple. Quick question, why have you stopped using the spearman indicator? Are you able to post that indicator as I would like to do some testing with it and can report back once I'm done. Thanks!
because it did not give me a precise filtering as I look for it ... in some cases, it did not give harmonious rules for market entry, thus skipping many profitable opportunities to invest.

there it is
Attached File(s)
File Type: mq4 Spearman Rank Correlation (price filtered) 1.01.mq4   18 KB | 759 downloads
  • #147
  • May 2, 2020 3:37am May 2, 2020 3:37am
Quoting hoichoi
{quote} Can you then just tell us how we can read Renko perhaps .. but I do agree that Renko with wicks gives you better picture
avoid him ... to explain how to read the wicks ... he sells his system! in this thread (which I created myself) there is no mention of selling systems, indicators, etc. .. if you want to share a system .. you do it for FREE !!!! and together we try to improve it ... he continues to insist that the renko only trade in his way ... and then take you to sell you his system .. so please ... let's not talk about this talk anymore.
  • #148
  • May 2, 2020 4:11am May 2, 2020 4:11am
Hi Valdecchio,

Thank you for sharing this system. one more question.

what is the best position for the semaforalert and halftrend arrow? above or below the blue or red tma bands?

what kind of broker do u use?

thx
  • #149
  • May 2, 2020 4:53am May 2, 2020 4:53am
Hi, I am testing your system, I really like the new graphic even if the support and resistance bars dirty the graphic and the side writings are a little messy, on Monday I will test it thoroughly. ps. I seem to have understood that you are Italian (like me).
  • #150
  • May 2, 2020 6:09am May 2, 2020 6:09am
thank you so Valdecchio looking forward to test your system. God bless you! VIVA!
How can i loose when i started from the bottom!?
  • #151
  • May 2, 2020 6:31am May 2, 2020 6:31am
Hi, if i want to upload on a new currency chart, can i just drag and drop the pair on the window (where i already set everything) or should i do all the steps again for the new currency?

E.g. I already set USDCHF with your steps described in the zip file, i want to check EURUSD now, can i just drag and drop EURUSD on USDCHF or i need to do all the steps for EUR USD again? Many thanks in advace
  • #152
  • May 2, 2020 7:27am May 2, 2020 7:27am
@LOCA5594

Its all the same, I used his details and setup eurusd instead of usdchf., Shall try the system next week.

@ valdecchio Thanks for the renko system
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-05-02 18_26_32-961975_ EURUSD,M4 (offline).jpg Size: 97 KB
  • #153
  • May 2, 2020 8:39am May 2, 2020 8:39am
Quoting gfx2020
@LOCA5594 Its all the same, I used his details and setup eurusd instead of usdchf., Shall try the system next week. @ valdecchio Thanks for the renko system {image}
Nop, you have to set it up as you initially did on the first chart. Choose you best pairs but be sure you have a strong machine to avoid lowering your computer"s speed. thanks
How can i loose when i started from the bottom!?
  • #154
  • May 2, 2020 9:40am May 2, 2020 9:40am
valdecchio, nice strategy and system, loaded and will test this week, keep up the great work... Cliff
  • #155
  • Edited 11:11am May 2, 2020 9:58am | Edited 11:11am
Quoting Waih
{quote} Hello Mntiwana, do you have this indicator for MT5, or any other similar one for MT5?
"tma centered bands"

Though it is off topic and kind of cluttering/interrupting the ongoing good thread -
but replying/posting here so that the requester may find it here without lost
possibly will be help other mt5 users of this same strategy

Mladen mt5 ver of tma centered band,coded long ago in 2012

16 price options
atr based bands

Attached Image (click to enlarge)
Click to Enlarge Name: tma_centered_bands.gif Size: 35 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 36 KB

Attached Image (click to enlarge)
Click to Enlarge Name: p.png Size: 178 KB
Attached File(s)
File Type: ex5 tma centered bands.ex5   29 KB | 329 downloads
  • #156
  • May 2, 2020 10:46am May 2, 2020 10:46am
This system will not work long term
  • #157
  • May 2, 2020 11:16am May 2, 2020 11:16am
Quoting kodakwhite
This system will not work long term
Why?
  • #158
  • May 2, 2020 11:32am May 2, 2020 11:32am
Quoting kodakwhite
This system will not work long term
why dont you just keep your negative opinion to yourself.
How can i loose when i started from the bottom!?
  • #159
  • May 2, 2020 7:55pm May 2, 2020 7:55pm
Valdecchio thanks for the update nice and clean

the semafore alert doesnt work on my metatrader
  • #160
  • May 3, 2020 12:14am May 3, 2020 12:14am
Quoting AngieT
Valdecchio thanks for the update nice and clean the semafore alert doesnt work on my metatrader
Just load semefore*.ex4 instead of .mq4, it do not compile in my mt4 and do not load. Copy .ex4 & restart or refresh mt4 then reload the template, that worked for me.
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