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Renko channel - very accurate (assembled by me)

  • #281
  • May 31, 2020 10:27am May 31, 2020 10:27am
Quoting valdecchio
Guyss !!!!!! my spasmodic search, led me to find a combination of indicators, which is not only profitable with roars of pips, but AVOID (and this was one of my main objectives) to enter the wrong trades, that is, when...
I hope you can share with us sir
  • #282
  • May 31, 2020 10:50am May 31, 2020 10:50am
hi @valdecchio,

thank you for this great system, we are wating to see your new system.

guys. plz help me. I've built the renko chart by the way on the first post, but i get 5 pips bricks, Can u tell me how can i cange the brick to 10 pips size?

thx
  • #283
  • May 31, 2020 12:03pm May 31, 2020 12:03pm
Quoting valdecchio
{quote} as soon as I have an hour of time, I will post the system, and the rules! have patience .. I don't run away!
Patiently waiting....
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #284
  • May 31, 2020 2:55pm May 31, 2020 2:55pm
Looking forward to your update valdecchio!
  • #285
  • May 31, 2020 3:46pm May 31, 2020 3:46pm
Hey AngieT. which Indicators are you using in this chart ?

https://www.forexfactory.com/attachm...1&d=1590957927
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 144 KB
  • #286
  • Jun 1, 2020 5:21pm Jun 1, 2020 5:21pm

Guys ... have patience, let me check the indicators, rules, settings, etc ... it would be ridiculous to publish today, then tomorrow to replace the system with "Guys, I changed the setting of the X indicator"

the next day, another change, the other again: a new indicator etc ..

be patient ... let's avoid creating confusion with a thousand versions of this system, and make this thread a minestrone.

I will not disappear, have faith. your own interest ... it is strongly mine too!

  • #287
  • Jun 1, 2020 5:25pm Jun 1, 2020 5:25pm
Hello to everybody,
thank you for this thread. Here is a TMA indicator no repaint.
I think can be good for this strategy.

Attached File(s)
File Type: ex4 CloudTMA.ex4   14 KB | 967 downloads
  • #288
  • Jun 1, 2020 5:31pm Jun 1, 2020 5:31pm
Quoting polindo
Hello to everybody, thank you for this thread. Here is a TMA indicator no repaint. I think can be good for this strategy. {file}
are you sure 1000000% of NO REPAINT ???
(where.. from italy?)
  • #289
  • Jun 2, 2020 2:15am Jun 2, 2020 2:15am
Quoting valdecchio
{quote} are you sure 1000000% of NO REPAINT ??? (where.. from italy?)
Yes, I'm sure!!!!
  • #290
  • Jun 2, 2020 3:33am Jun 2, 2020 3:33am
Quoting valdecchio
{quote} are you sure 1000000% of NO REPAINT ??? (where.. from italy?)
yes, from Italy.
  • #291
  • Jun 2, 2020 3:57am Jun 2, 2020 3:57am
Quoting valdecchio
Guyss !!!!!! my spasmodic search, led me to find a combination of indicators, which is not only profitable with roars of pips, but AVOID (and this was one of my main objectives) to enter the wrong trades, that is, when...
Hi Valdecchio,
just my 2 cents. If you testing zeron indie be carefull as it is a known repainter.
Tea
  • #292
  • Jun 2, 2020 7:50am Jun 2, 2020 7:50am
Good day happy traders , im struggling with the ex4 files not opening in MT4 after I have just downloaded them .So I just wanted to know if is there any other alternatives that I can go about to opening the files
  • #293
  • Jun 2, 2020 9:14am Jun 2, 2020 9:14am
Hi,

I´ve also started studing and testing this promising system.
If I understood correctly, we must open according to the Traffic light (semafore) and the MACD.
What about clossing? Does the EA handle SL and TP automatically? Do I need to modify the EA parameters? (It means we only have to care about opening order and nothing else.) Am I correct?

Thanks!
Regards
  • #294
  • Jun 2, 2020 1:15pm Jun 2, 2020 1:15pm
Quoting founaud
Hi, I´ve also started studing and testing this promising system. If I understood correctly, we must open according to the Traffic light (semafore) and the MACD. What about clossing? Does the EA handle SL and TP automatically? Do I need to modify the EA parameters? (It means we only have to care about opening order and nothing else.) Am I correct? Thanks! Regards
Just a word of caution: The Traffic light (semafore) repaint when price makes new high. And if this happen, your SL can get hit. This happen frequently in high volatility price movement. You can try it on M1 chart (using Demo account) to see how it behave in high volatile price movement.
  • #295
  • Jun 2, 2020 8:05pm Jun 2, 2020 8:05pm
@Angiet please could you share your indicators as well.

https://www.forexfactory.com/attachm...1&d=1590957927
  • #296
  • Jun 3, 2020 7:59am Jun 3, 2020 7:59am
Quoting me100rabh
{quote} Just a word of caution: The Traffic light (semafore) repaint when price makes new high. And if this happen, your SL can get hit. This happen frequently in high volatility price movement. You can try it on M1 chart (using Demo account) to see how it behave in high volatile price movement.
That's exactly the problem with this system. It can be profitable and might work even better for more experienced traders out there but to be able to filter out many of the false signals would be golden.

Waiting for Vald's improvements to the system....
  • #297
  • Jun 3, 2020 10:27am Jun 3, 2020 10:27am
Just signed up in this website to write in this thread. I'm just wondering... Why do you share your strategy to the public? Do you not realize that by sharing your strategy with other people, the performace of your strategy will degrade as more and more people take away your alpha? Or do you not care about your strategy losing its effectiveness?
  • #298
  • Jun 3, 2020 12:13pm Jun 3, 2020 12:13pm
Quoting MrMoneyMaker
Just signed up in this website to write in this thread. I'm just wondering... Why do you share your strategy to the public? Do you not realize that by sharing your strategy with other people, the performace of your strategy will degrade as more and more people take away your alpha? Or do you not care about your strategy losing its effectiveness?
Do you think his strategy control the world market? Do you think banks and institutes watch his renko chart for buy and sell?
  • #299
  • Jun 3, 2020 12:29pm Jun 3, 2020 12:29pm
hi,

this could be also a useful indicator. It is nonrepaint and the arrow appear when the price touch the cloud. Unfortunately, the price can go further but combined with other indicator could be a good sign to enter.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 57 KB
  • #300
  • Edited 3:08pm Jun 3, 2020 2:53pm | Edited 3:08pm
Quoting kingsfort
{quote} Do you think his strategy control the world market? Do you think banks and institutes watch his renko chart for buy and sell?
You don't know why and how the price moves, do you?

Price moves because of imbalance between supply and demand.

A trading strategy's entire purpose is to identify buy/sell opportunities that arise from the imbalance between supply and demand.

Now imagine multiple people using his strategies to buy and sell around similar times as OP does. The supply and demand balance will change, price will adjust to this change and start moving in a different pattern and OP's strategy will progressively lose its effectiveness as more and more people copy his strategy.

Doesn't matter if it's forex, stocks, crypto, this is how the market moves.

For more detailed explanation on how the price moves, how it's affected by supply and demand, check this site: https://www.disnat.com/en/learning/t...d%20is%20easy. (Edit: I just realized this link is more focused on stock markets, but the essence of supply and demand and their relationship with the price movement is the same in forex, or any other asset type for that matter.)

OP, if you want to use this strategy to make a living for a long time, take this thread down and keep your strategy a secret and never tell others your trading strategy.

Trading is a zero-sum game. That means in order for you to gain money, someone else has to lose their money. (in fact, if you consider the transaction fee, trading is not even a zero-sum game; it's a net-negative game.) All other traders are your competitor whether they like it or not. By sharing your strategy with other people online, you are literally helping your competitors who are out to take your profit and doing yourself a huge disservice.
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