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  • #9,461
  • May 19, 2021 9:00am May 19, 2021 9:00am
Quoting Glorybound
{quote} Hi Cuch, have you done the check and how was it?
Cuchiflito may like OVO products but for me, except for the Logik Hybrid Renko, the OVO web page doesn't offer Renko generators that you could not find for free in FF because of the generosity of coders. The result is that I never bought or tried OVO Renko generators.
  • #9,462
  • May 19, 2021 9:38am May 19, 2021 9:38am
Please how does a stronger dollar affect oil? The result of the crude oil inventories
was positive. Should this result make the price of oil to go up or down?
  • #9,463
  • May 19, 2021 11:00am May 19, 2021 11:00am
Quoting Glorybound
Please how does a stronger dollar affect oil? The result of the crude oil inventories was positive. Should this result make the price of oil to go up or down?
I'm only a day trader so I don't really care about the dollar or the oil inventory what I care about is how oil performs on a daily basis and today so far oil is taking a beating. If I were an economist I would say that the price level of oil is due to supply and demand but on a much larger timeframe than traders are used to.
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  • #9,464
  • May 19, 2021 4:33pm May 19, 2021 4:33pm
WTI went down $1.90 today with a very high ATR that produced 3 winning trades, 2 break even trades and one losing trade (last arrow signal). Even if there is no arrow to confirm the losing trade I always close all trades before or at the end of the New York session.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM10.png Size: 34 KB
  • #9,465
  • May 19, 2021 6:26pm May 19, 2021 6:26pm
now wondering if this thing can go <$60
  • #9,466
  • May 20, 2021 12:21am May 20, 2021 12:21am
Quoting Hutch
WTI went down $1.90 today with a very high ATR that produced 3 winning trades, 2 break even trades and one losing trade (last arrow signal). Even if there is no arrow to confirm the losing trade I always close all trades before or at the end of the New York session. {image}
Hi Hutch. I'm new to this forum but I have been following the various posts here for quite a while. I have downloaded your Renko charts set up which you previously very kindly posted and have been running it the past few days. I noticed, in comparison to your post of yesterday's trade, between 1300 - 1550 hrs (presumably your broker is on London time), you had a smooth decline of continuous red bricks but mine had 3 occassions of 1, 3 and 4 blue bricks during that same interval - see chart images below between the 2 green lines. Is there any reason for this, or is it it different broker bid/offer price posted? Please note that my brick size was adjusted to 100 because my broker's pricing is 4 decimal places eg 6350.5 instead of 63.505. Just wondering if there was any other adjustment you made in the renko charts indicator? If its different broker price posted, then there seems to be quite a wide discrepancy - up to 40 points! Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Wti Renko1.jpg Size: 83 KB
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Click to Enlarge Name: Wti Renko2.jpg Size: 86 KB

Hi Hutch. I'm new to this forum but I have been following the various posts here for quite a while. I have downloaded your Renko charts set up which you previously very kindly posted and have been running it the past few days. I noticed, in comparison to your post of yesterday's trade, between 1300 - 1550 hrs (presumably your broker is on London time), you had a smooth decline of continuous red bricks but mine had 3 occassions of 1, 3 and 4 blue bricks during that same interval - see chart images below between the 2 green lines. Is there any reason for this, or is it it different broker bid/offer price posted? Please note that my brick size was adjusted to 100 because my broker's pricing is 4 decimal places eg 6350.5 instead of 63.505. Just wondering if there was any other adjustment you made in the renko charts indicator? If its different broker price posted, then there seems to be quite a wide discrepancy - up to 40 points! Thanks
  • #9,467
  • May 20, 2021 3:54am May 20, 2021 3:54am
You were right Hutch
Atr of WI is a beauty!
Today,
1looser, 1 fat winner.
  • #9,468
  • May 20, 2021 11:13am May 20, 2021 11:13am
Quoting Sporean
{quote} Hi Hutch. I'm new to this forum but I have been following the various posts here for quite a while. I have downloaded your Renko charts set up which you previously very kindly posted and have been running it the past few days. I noticed, in comparison to your post of yesterday's trade, between 1300 - 1550 hrs (presumably your broker is on London time), you had a smooth decline of continuous red bricks but mine had 3 occassions of 1, 3 and 4 blue bricks during that same interval - see chart images below between the 2 green lines. Is there...
There is no problem. My chart shows Renko bricks of 10 pips and your chart shows Renko bricks of 100 pips. To get a 10 pips Renko chart (second picture) when using STG you need to put 100 on the STG_RenkoChart indicator (first picture) on the source file. You should also refresh the STG_RenkoChart indicator when you first open your chart every day.
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Attached Image
  • #9,469
  • May 20, 2021 11:47am May 20, 2021 11:47am
Quoting Sporean
{quote} Hi Hutch ... If its different broker price posted, then there seems to be quite a wide discrepancy - up to 40 points! Thanks
Hi Sporean, My post above didn't take into consideration that your broker shows 4 digits instead of 3 digits for my broker. The result is that you using brick size of 100 is correct. The only way that there could be a wide discrepancy is that my broker is using spot prices and your broker current futures prices. If both brokers show spot prices the only explanation that I can think of is that your broker's data feed is not as efficient as it should be. At the end of the trading week tomorrow if our brokers use spot prices the last quoted price should be the same as the one of my broker. If it's not either your broker uses futures prices or its data feed is lousy.
  • #9,470
  • May 20, 2021 4:26pm May 20, 2021 4:26pm
WTI went down $1.56 today with an average ATR that produced 1 losing trade, 3 break even trades and 6 winning trades not counting the last arrow signal that would have produced a small winning trade.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM10.png Size: 43 KB
  • #9,471
  • May 20, 2021 9:35pm May 20, 2021 9:35pm
hi Hutch,

where can i Find your whole stratergie please? Tháng you so much and have a nice day !
  • #9,472
  • May 20, 2021 10:35pm May 20, 2021 10:35pm
Quoting Hutch
WTI went down $1.56 today with an average ATR that produced 1 losing trade, 3 break even trades and 6 winning trades not counting the last arrow signal that would have produced a small winning trade. {image}
hi hutch
sorry my bad english . english is not my native language.
is it possible you upload screen shot actual your open position daily like below picture?
it would be nice..so we can learn your winning trade and also losing trade and when you open position so
we can learn more visually.
if my request too much just ignore my words.
one thing what i found is Halftrend is repainting.
when i backtest i found it repainting so i checked source code then
can confirm it can be repaint.
when every bar checking it insert EMPTY_VALUE to buffer
meaning arrow remove.
i guessing for instance..when arrow up but next bar trend is down then i think it disappear or so.
not sure because didn't checked whole code but i think so.
but until now if you no problem to open position and no problem for trading i think it will be ok.
but if not repainting some indi it will be more robust.

for(int i=Bars-1; i>=0; i--)
{
.
.some code..
.

arrup[i] = EMPTY_VALUE;
arrdwn[i] = EMPTY_VALUE;
//////////////////////////////////////////////////////////////////////////////
//////////////////////////////////////////////////////////////////////////////
if(nexttrend==1)
{
maxlowprice=MathMax(lowprice_i,maxlowprice);

if(highma<maxlowprice && Close[i]<Low[i+1])
{
trend[i]=1.0;
nexttrend=0;
minhighprice=highprice_i;
}
}
Attached Image
  • #9,473
  • May 20, 2021 10:51pm May 20, 2021 10:51pm
Quoting Hutch
WTI went down $1.56 today with an average ATR that produced 1 losing trade, 3 break even trades and 6 winning trades not counting the last arrow signal that would have produced a small winning trade. {image}
based on your criteria i marked yellow circle which valid open position pls check it and correct me .
most difficult thing is EXIT rule.
pls advice me.
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  • #9,474
  • May 21, 2021 3:03am May 21, 2021 3:03am
Quoting Hutch
{quote} Hi Sporean, My post above didn't take into consideration that your broker shows 4 digits instead of 3 digits for my broker. The result is that you using brick size of 100 is correct. The only way that there could be a wide discrepancy is that my broker is using spot prices and your broker current futures prices. If both brokers show spot prices the only explanation that I can think of is that your broker's data feed is not as efficient as it should be. At the end of the trading week tomorrow if our brokers use spot prices the last quoted...
My brick size setting is correct at a 100 which is equivalent to 10 points each - same as yours, since my broker's quote is 4 digits. Because i'm trading in CFD wti, which technically is based off spot prices, I'm wondering if the increased volatility in PA is due to my brokers bid-ask quotation to shake out the clients with positions. Are you trading in CFD? May I ask which broker you are using? I am using IG. Maybe it's time to change brokers...
  • #9,475
  • May 21, 2021 7:08am May 21, 2021 7:08am
Another winning day.
Starting to get the "feel" of WTI. The swings are very nice and consistent, one thing I realized, if you get caught on the wrong side, stop and reverse tends to recover the losses. Easier said than done, this hardly works with forex. I bring in all my prior chart experience, there´s a point where a losing trade, is going to happen, even if the stop did not get hit yet. As usual, a game of keeping losses tight and letting winners run.
U guys have a great weekend.

Btw. for my Renko bars I´m using the commercial Indicator I mentioned. It seems to work, I like the fact that it is not an expert or script (hate those). I´m testing the demo for another week, I will probably buy it, it is only 45 bucks. Sure if you can make the free one Hutch kindly offered, you are good to go anyway.
  • #9,476
  • May 21, 2021 8:15am May 21, 2021 8:15am
Quoting cuchuflito
Another winning day. Starting to get the "feel" of WTI. The swings are very nice and consistent, one thing I realized, if you get caught on the wrong side, stop and reverse tends to recover the losses. Easier said than done, this hardly works with forex. I bring in all my prior chart experience, there´s a point where a losing trade, is going to happen, even if the stop did not get hit yet. As usual, a game of keeping losses tight and letting winners run. U guys have a great weekend. Btw. for my Renko bars I´m...
hi..
would you share seller page? i want to check.
thanks
  • #9,477
  • May 21, 2021 9:12am May 21, 2021 9:12am
Quoting james27
{quote} hi.. would you share seller page? i want to check. thanks
I already did, check post 9,456. Please I have nothing to do with them commercially, just another client, I have an indi from them which I bought a couple of years ago, to create any custom time frame...it works..
So good luck.
  • #9,478
  • May 21, 2021 9:21am May 21, 2021 9:21am
There's a nrp version of half-trend, but if you use that, you'll get in late most of the time...I've tried it...didn't like it

As for the repainting, I think it's more like recalculating than repainting as WTI is volatile and has some whipsaws...it's the price you pay trading this CFD.

Attached File(s)
File Type: ex4 half-trend nrp_mladen.ex4   29 KB | 646 downloads
  • #9,479
  • May 21, 2021 2:56pm May 21, 2021 2:56pm
Quoting htrader21
hi Hutch, where can i Find your whole stratergie please? Tháng you so much and have a nice day !
Here it is but I had to expand the explanations because one of my friend never traded Renko.
Attached File(s)
File Type: zip Fx Bay Strategy STG.zip   474 KB | 456 downloads
  • #9,480
  • May 21, 2021 3:06pm May 21, 2021 3:06pm
Quoting james27
{quote} hi hutch sorry my bad english . english is not my native language. is it possible you upload screen shot actual your open position daily like below picture? it would be nice..so we can learn your winning trade and also losing trade and when you open position so we can learn more visually. if my request too much just ignore my words. one thing what i found is Halftrend is repainting. when i backtest i found it repainting so i checked source code then can confirm it can be repaint. when every bar checking it insert EMPTY_VALUE to buffer meaning...
Some traders post all their trades in FF but posting all trades doesn't add value so I will post 2 trades the best and the worst starting Monday. The Half Trend TT repaints but it's much better than those that don't repaint because you normally gain 1 brick when you open a trade and 1 brick when you close the trade if you exclusively follow the arrows but this is wrong since my strategy also relies on the FxBay MACD.
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