Williams%R, SAR X-over 15 minute candles | Page 216 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

M candles / Custom candles for second charts 1 reply

Consecutive Candles Williams %R and Volume with 55EMA Baseline 788 replies

No candles on 15 minute charts 5 replies

Calculating only buy candles vs sell candles 2 replies

15 Minute MA+SAR trading strategy 19 replies

Attachments: Williams%R, SAR X-over 15 minute candles
Exit Attachments

Williams%R, SAR X-over 15 minute candles

  • #4,301
  • Edited 3:09am Nov 15, 2023 2:21am | Edited 3:09am
Quoting investwisely
Hi LiboCop, I have recently installed the renko post #4281. Would you be happy to share the renko setting you are using on the below chart? I am trying to work out a renko size and renko type (normanl/mean/shifted). Thank you. {quote}
GM, you're welcome.
Normal Renko without wicks.
On Dax I have Renko 3 pts, it means on my broker 300 (you can it see on top right on my chart) ....depends on digits, you have to try, on my other broker is for 3 pts setting 30 etc.
On SPX500 a have 1 pts and, it means 100. I set it similarly according RP, he has Renko 4 ticks, and because on MT4 we don't count ticks you have to know, how many ticks is one point, now it looks RP has 4 ticks = 1pt......depends on Broker and type of future contract.

Today's DAX to now attached.
Hope it helps.

Edit: added next trade
Edit2: the last one for now above BRN

SU

PS: All my trades are executed using pending orders. This will help you a lot. Try it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: [DAX40]M98.png Size: 41 KB
Click to Enlarge Name: screenshot.png Size: 85 KB
Click to Enlarge Name: screenshot.png Size: 92 KB
Don't think!
  • #4,302
  • Nov 15, 2023 9:02am Nov 15, 2023 9:02am
No trading for me today. Was our anniversary last night, friends had a party feeling a little fuzzy today
  • #4,303
  • Nov 15, 2023 9:53am Nov 15, 2023 9:53am
Happy anniversary Rocky! I have been a watcher and user of your method for quite awhile, and I want to thank you for you contribution to my trading turnaround. I just needed to keep it simple and straight forward. I used to jump around with different techniques, but in one of your eariler posts, it stuck when you said that this is one of the bigger flaws with struggling traders, is that they don't stick with one proven edge.. Thanks again all my best
  • #4,304
  • Nov 15, 2023 4:25pm Nov 15, 2023 4:25pm
Quoting LiboCop
{quote} GM, you're welcome. Normal Renko without wicks. On Dax I have Renko 3 pts, it means on my broker 300 (you can it see on top right on my chart) ....depends on digits, you have to try, on my other broker is for 3 pts setting 30 etc. On SPX500 a have 1 pts and, it means 100. I set it similarly according RP, he has Renko 4 ticks, and because on MT4 we don't count ticks you have to know, how many ticks is one point, now it looks RP has 4 ticks = 1pt......depends on Broker and type of future contract. Today's DAX to now attached. Hope it helps....
Thanks mate, it is very helpful. I believe my chart now looks similar. I will try it and see how I will go... There's alot to learn and hopefully will get there one day.
Thanks once again for making it easier for me to understand.
Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: renko_ger40_3pip.jpg Size: 235 KB
  • #4,305
  • Nov 15, 2023 4:26pm Nov 15, 2023 4:26pm
Quoting rockypoint
No trading for me today. Was our anniversary last night, friends had a party feeling a little fuzzy today
Happy anniversary RP.
Best wishes. Happy trading.
  • #4,306
  • Edited 4:10am Nov 16, 2023 3:13am | Edited 4:10am
GM, hard to trade today. I waso nly longs.
Sum +7
My 2nd trade is very debatable.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 77 KB
Don't think!
  • #4,307
  • Nov 16, 2023 8:50am Nov 16, 2023 8:50am
A labor of love this has been for me. I've been quiet here but still working to make a version of the rocky method that really makes me comfortable, and I am very close to it. The indi below is the Williams%R (I use fast stochastic which is the same indi but it doesn't use the %R's inverted scale).

Essentially combine elements of both of rocky's templates.

Days like this used to chew me up and spit me out. The basic rocky method and working on my discipline is keeping me on the right side, even when a trade is a loss.

Three trades for a total of 29 ticks. I stop after 2 losses in a row or 3 trades total. Today was 3 small wins.

Tomorrow is another day.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 57 KB
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,308
  • Nov 16, 2023 9:16am Nov 16, 2023 9:16am
Choppy day like this are where you earn your money, you may not hit your targets, but staying profitable and hitting 25=50% of daily target is gold.
Busy morning 5 trades in an hour 1 B/E, 2 Small losses and 2 solid wins. For now will watch awhile and let it churn hoping for a consolidation and breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: es23.PNG Size: 43 KB
  • #4,309
  • Nov 16, 2023 9:50am Nov 16, 2023 9:50am
No consolidations showing up so just waited adx to get close to 25 for a bounce worked out for 1 more decent win. Think that's it for me today. Time to run errands and go food shopping.
Attached Image (click to enlarge)
Click to Enlarge Name: es23.PNG Size: 46 KB
  • #4,310
  • Nov 16, 2023 1:47pm Nov 16, 2023 1:47pm
Watching from distance. Thanks for continuous updates Rocky.
  • #4,311
  • Nov 16, 2023 6:48pm Nov 16, 2023 6:48pm
Quoting rockypoint
{quote} I'll answer questions if asked, but I'm not going to hold your hand and tell you what to do every step of the way.
Jeez, rock. You mean we got put work into this if we want to succeed?

But that's hard.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,312
  • Nov 17, 2023 8:48am Nov 17, 2023 8:48am
Nice solid start to the day 3 straight 20+ tick wins.
Attached Image (click to enlarge)
Click to Enlarge Name: es24.PNG Size: 39 KB
  • #4,313
  • Nov 17, 2023 9:38am Nov 17, 2023 9:38am
Getting bored, 1 more trade
Attached Image (click to enlarge)
Click to Enlarge Name: es24.PNG Size: 40 KB
  • #4,314
  • Nov 17, 2023 9:47am Nov 17, 2023 9:47am
Quoting rockypoint
Nice solid start to the day 3 straight 20+ tick wins. {image}
This is the first time I have seen this rocky, but your data and my data are very different even though we are both using Ninjatrader and the same settings.

Here is your chart (the three lines I drew in black correspond to yesterday's high, yesterday's close, and today's open, from top to bottom - I added them for reference to my chart).
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 117 KB



And here is my chart: Both 4 Renko MES and yet mine doesn't show that little bear flag thata you have that gave you a second entry. I have only two entries.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 55 KB


Actually, it does look like you might be running a different data source. Are you using CQG or Rythmic?

Your data:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 3 KB


My data:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 1 KB
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,315
  • Nov 17, 2023 10:18am Nov 17, 2023 10:18am
Quoting rockypoint
Getting bored, 1 more trade {image}
I've been watching the NQ/MNQ side by side with the ES/MES.

Many times they have similar signals, but much better follow through with the Q's than the S&P's. ES/MES does so much back and forth even on the better trades. NQ/MNS back fills too, but usually moves more before it does.

I might switch to MNQ next week to see how it goes.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,316
  • Nov 17, 2023 10:55am Nov 17, 2023 10:55am
I use rithmic
  • #4,317
  • Nov 17, 2023 2:28pm Nov 17, 2023 2:28pm
Quoting rockypoint
I use rithmic
Weird how the two data feeds apparently aggregate the Renko differently.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,318
  • Nov 20, 2023 11:47am Nov 20, 2023 11:47am
good day for this strategy
rockypoint do you wait until adx crossesover 25 to enter ?
and do you enter with market order
  • #4,319
  • Nov 20, 2023 11:51am Nov 20, 2023 11:51am
Good trading day, little bit of a late start. My computer decided to replace my old snipping tool with the new "Snip and Stretch" which is reaaaally baaad. Took my low tech mind awhile to get the old app back.
Attached Image (click to enlarge)
Click to Enlarge Name: es25.PNG Size: 43 KB
  • #4,320
  • Nov 20, 2023 3:07pm Nov 20, 2023 3:07pm
Generally I like to catch ADX crossing 25 or bouncing off 25 for entries. Yes I enter on market orders.
2 traders viewing now, 1 is registered:
eluo