To further the accuracy of this system I been using a Fib Fan.....so far so good. As I informed you all there would be an extra indicator. Not a fan of many indicators...but a couple will be sufficient. Stand by for photos after some more tests.
And a Sneak peak...why fib fan???? Because a trend doesn't always follow exact trendlines or a MA. Fib is part of this world...in almost every way.....now on the other hand...fib retracements...garbage...I've done my back tests many years ago on that.....retracements have nothing to do with the trend given the large moves.....Fib fan on the other hand keeps with the trend somewhat....and also widens the possibility of another trend entry.....more tests as I said...not cocky...but I don't lose majority of the time given odds and favor.....I look to expand.....I have my edited tms sytstem that has made me over a million dollars....and I'm not bragging...but you won't get that. Big E deserves credit for his system...what you do with it is up to you....the blueprint is there.....as I told you all from the beginning. I'm looking for more screen time. And odds in my favor with common sense and you can't go wrong. I'm not perfect, but I know how to even myself out.....take it how you like. Stay tuned friends.
Something many of you new traders may not understand....if you are in a trend following stage with a trendline and price goes in your favor.....a possible exit signal break of that trend line will incur you a minimal loss because of that trend trade...price moved up or down in your favor.....while your exit signal also moved lower/higher in your favor.....common sense...but many new traders don't understand odds or stats....
Let me be frank...fuck the big money banks and hedge funds...you can trade with them if you see what they are doing and follow their manipulation. You can get better entries and get out early. Coming from a God fearing man...you won't hear this from me probably ever again...but you need to know it. I'm allowed a bad word once in a blue moon. and I think I can get a pass from Him.
A trend that fails once with a small stop out is amazing...twice....can't believe it....3 times almost nil....4 times.....that's my record(after I understood markets)...speak for yourselves....all the while keeping greater odds in your favor and market sentiment with patterns.....
Ripping EUR/JPY right now with this edited system.....green beautiful continuous numbers. Excited to give you guys this new edited system after another 8 trades.
If anyone feels they want to download please feel free but must do both the indicators and the template to acheive the illustration. Never 'refresh' the indicator as it will change but in live trading I feel it is hugely helpful with the Renko ea. The indi is pretty simple to understand and each trader can decide which strategy is good for them as the indi makes it very clear when to trade and when not to trade. Illsutration is renko 5 points on this US30 chart. I am sure it will help. George {image} {file} {file} {file}
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Dear George
thank you for this setup
what do you mean by "do not refresh"? The chart gets updated automatically? Do the forecast indicator repaint ?
{quote} Dear George thank you for this setup what do you mean by "do not refresh"? The chart gets updated automatically? Do the forecast indicator repaint ? Best hundsbua
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I believe it recalculates, rather than repaint, when the indicator is refreshed - I am to test another version of this from tomorrow as I believe it to be an outstanding help to trading.
George
Ripping EUR/JPY right now with this edited system.....green beautiful continuous numbers. Excited to give you guys this new edited system after another 8 trades.
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hello why are you covering renko with hiken ? - not a dig - just curious
{quote} I believe it recalculates, rather than repaint, when the indicator is refreshed - I am to test another version of this from tomorrow as I believe it to be an outstanding help to trading. George
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Thank you George
How to refresh it? Reload the template? It do not refresh automatically?
May you share the new version?
Thanks for sharing this strategy. Do you think I can set up a strategy based on breaks or double highs and lows or use an indicator for revenue as in the attached photo?
Another question, to understand the trend it would not be better to use renko boxes of at least 100 pips?
last but not least, i saw that the renko chart stays the same and doesn't recalculate the boxes at least if i don't refresh the screen, so i could enter on the renko pattern, for example on a double high or low or on a reversal signal.
I am attaching an indicator which I hope will be useful to you, thanks again.
{quote} Thank you George How to refresh it? Reload the template? It do not refresh automatically? May you share the new version? Thank you Best hundsbua
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to refresh any indicator that has been in use for some time (plus one hour for example) you just open it on the 'inputs' tab, click on 'OK' and close it and the indi refreshes - that means it moves if it is a recalculater/repainter.
If the new version comes to anything I will let you know.
A lot of these indicators have great potential and let you down so I am not jumping at anything yet.
George
