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Laguerre multi brick offline - LMBO

  • #1
  • First Post: Edited 5:15am Dec 15, 2024 4:49am | Edited 5:15am
Hello to all,

I am trading and researching offline charts (renkos, crbs and that stuff) few years now and they suits me great.....They eliminate all those noise that market creates and give posibility in specific move not time....

Who cares when move will happen, it is important than happens....(at least to me).....

I am not believer of candle patterns or strategies that have mechanicall RRR as they often don't work . Market is always different depends on various factors or fundamentals.

If we trade trend strategy, when market is in range we should lose all hard earned money, when we profit from range market, trending times will rip our account...

Dicreational way of trading with good money management and patience with discipline is far more important in my opinion...

RULES OF THREAD!

1. Be nice to each other,we are all here for same reason to make and take money from banks (and we all know how cruel this bussiness can be)
2. Respect each other because everyone here passess different stories so without help and this great community we all wouldn't be here now
3. I will be harsh but fair (that means that I will bann everyone who will try to make problems,or provoke members)
4. Read the thread and don't ask questions that has already been aswered!
5. You will have only one warning and after that will bann you queitly!
6. I am strong believer that there is not bad or good thing in forex only the view of each person so it is really stupid to argue of stuff about money management,stop loss thing or something!
7. Respect the title of thread and post ONLY about offline chart and not candles

LET THE JOURNEY BEGINS.......

WELCOME TRADER!!
  • #2
  • Dec 15, 2024 5:14am Dec 15, 2024 5:14am
Background.....

I've learned much from this site (what is good but what is bad also), so thats why i believe sharing is carring...

I must say that trader called forexcube and alien learn me most how to battle with markets.... forexcube teaches mostly how to trade top and bottoms on range or trend markets with great understand of LOM (loss order management) and alien teach how to understand when markets will turn and hot to be long in trend... so i reccoment to learn from their threads as they are gold worth

My strategy is not something new but I implement to my needs....

Lets go step by step....

I found out that multi brick move give me even better picture and understanding of potential future market move.....

WHAT IS MULTI BRICK MOVE?
For specific currency pair i have 5 offline chart opened... Throught years and playing with different sizes I found out that move of 3 7 20 50 and 100 give me great overall understand what is happening...

EXAMPLE:
100 and 50 charts watching for longer moves and they give me great picture for longer moves
20 is my most important chart as it is bridge beetwen whats is happening in short term and entries for long term
7 and 3 chart are mostly for intraday and scalping but i need to watch what is 20 chart doing to enter scalping trades

As we go on you will understand what am I doing....

I am not using SL (experiance) but i do accept losses so it is up to you what will you do as we go further...

If we can improve strategy with other indies or plan i am open to hear but please stick to what we are doing...
  • #3
  • Edited 5:47am Dec 15, 2024 5:29am | Edited 5:47am
SETTING CHARTS

1. TrianguleMA centered asymmetric bands nmc settings
half lenght 50
bands deviation 2.618

2. TmaMA centered asymmetric bands nmc settings
half lenght 50
bands deviation 1.75

Laguerre ASC
gamma 0.6
ma 2

Tma centered MACD
Fast half lenght 50
Slow half lenght 100

Those are not my indicators as I found them on internet so do your homework and find them, it is not hard....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY+M20.jpg Size: 205 KB
Attached File(s)
File Type: tpl LMBO.tpl   3 KB | 436 downloads
  • #4
  • Dec 15, 2024 5:40am Dec 15, 2024 5:40am
Ok....

First of all you must prepare charts... Those are MEAN RENKO BARS.....

I have 15 currency pairs (only trade currencies) organized in 15 profiles
euro sector- eur/usd eur/jpy eur/nzd eur/cad eur/aud
cable sector- gbp/usd gbp/jpy gbp/aud gbp/cad
rest sector - aud/usd aud/jpy nzd/usd nzd/jpy usd/jpy usd/cad

In every profile have 5 mean renko charts for 1 pair settings (3 7 20 50 100)

example below in picture
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 14 KB
  • #5
  • Dec 15, 2024 7:15am Dec 15, 2024 7:15am
RULES....

More then strict rules I use discretionary as every situation is different but i will explain what to watch

TMA:
1. More steeper it is more strong trend it is (if goes up then we are watch more for buys to be with friend trend)-opposite for down
2. If tma is flat we can trade both ways (range)
4. Upper bands use like resistance in buys (think about exits longs) and lower bands use like support (think about exits short)
5. Black arrows we can use for support our decidion of market turning points (if everything els line up)

LAGUERRE:
Great indicator for offline charts and we can use it for trend and also for picking tops and bottoms
1. Look for buys in oversold state (triggers and entry point renko different colour blue for buys)
2. Look for sell in overbought state (triggers and entry point renko different colour red for sells)
3. If strong trend then he can be glued in OB or OS condition (go in smaller brick move and go in direction of trend)

TMA CENTERED:
Still testing this indicator (could repaint) but gives me good orientation..

1. If i enter long and tma macd is red I expecting to be blue after brick or 2 to support my decision
2. If i see that tmamacd are in long colour and market are not moving i expect continuation of trend
3. If tmamacd and laguerre are separate for each other and colour is blue it works like slingshot to direction of trend
Attached Image (click to enlarge)
Click to Enlarge Name: USD CAD 20.jpg Size: 311 KB
  • #6
  • Dec 15, 2024 7:31am Dec 15, 2024 7:31am
Ok.... we move on....

Now we see what we look for but we are still missing different brick size orientation which give overall picture....

GBP/JPY is my favorite pair and i will explain recent moves and what we look for....

100 chart..... so everything is telling us that PA for downmove is exusted and in gold rectangle we sre start to wait for buy
Attached Image (click to enlarge)
Click to Enlarge Name: 100 chart.png Size: 53 KB
  • #7
  • Dec 15, 2024 7:43am Dec 15, 2024 7:43am
50 chart....

we could do 2 things here:

1. We could start buying when lagguerre starting to go up (trigger renko second blue brick indicates stagnation of sells) with LOM (loss oreder management-split loss sizes)

2. If we want to be sure and have more confirmation for potential buys we could move to 20 chart

Multi brick move.... similar as multitimeframe on candles
Attached Image (click to enlarge)
Click to Enlarge Name: 50 chart.png Size: 35 KB
  • #8
  • Dec 15, 2024 7:57am Dec 15, 2024 7:57am
20 chart....

Ok we see that here we have 4 potential entry points:
2 (are yellow are according to rules but aggresive ones althought profit 50 to 100 pips)
2 (green ones conservative, TmaMacd and laguerre are close to each other in oversold and divergence are also there)

Anyway market goes up after this for 500 to 600 pips so lets say if we entered in all 4 position, maybe 8 or 12 or 20 (depends on money management) we could profit from all of themin big move if we have discipline and patientce to wait or profit with 50 to 100 pips in many positions (depends of you as a trader)
Attached Image (click to enlarge)
Click to Enlarge Name: 20 chart.png Size: 39 KB
  • #9
  • Dec 15, 2024 8:09am Dec 15, 2024 8:09am
.....and we could move even lower to 7 chart and build up position....

...or scalping....

...or even have great RRR who trade with stop loss....

EXITS could be laguerre overbought, tma upper band, support and resistance, TmaMacd change colour and so on
Attached Image (click to enlarge)
Click to Enlarge Name: 7 chart.png Size: 67 KB
  • #10
  • Dec 15, 2024 8:13am Dec 15, 2024 8:13am
.....think i have say enought for today, going to rest....

wish you great rest of weekend.....
Attached Image (click to enlarge)
Click to Enlarge Name: bye.jpg Size: 37 KB
  • #11
  • Dec 15, 2024 11:55am Dec 15, 2024 11:55am
dear.
please paste the indicators that are compatible with your LMBO.tpl, since we come across various names for the necessary indicators for your system
  • #12
  • Dec 16, 2024 1:05am Dec 16, 2024 1:05am
Quoting Yggo
dear. please paste the indicators that are compatible with your LMBO.tpl, since we come across various names for the necessary indicators for your system
here you go....
Attached File(s)
File Type: mq4 TMAcentered MACD v1.mq4   4 KB | 610 downloads
File Type: mq4 TriangularMA centered asymmetric bands nmc.mq4   9 KB | 532 downloads
File Type: mq4 Laguerre-ACS1.mq4   3 KB | 545 downloads
  • #13
  • Dec 16, 2024 3:35am Dec 16, 2024 3:35am
Hello....

This is my expectation of cable....

I dont know what will happen but with good money management and LOM (loss order management) i can prepare....

Split position lot and entered 3/10 now and will enter again with 7/10 or maybe more (dont know-depends on situation) if goes further down....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart 100.png Size: 32 KB
Click to Enlarge Name: chart 50.png Size: 45 KB
Click to Enlarge Name: chart 20.png Size: 37 KB
Click to Enlarge Name: chart 7.png Size: 33 KB
Click to Enlarge Name: chart 3.png Size: 41 KB
  • #14
  • Dec 16, 2024 3:55am Dec 16, 2024 3:55am
USD/CAD


Sellers are coming soon....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad 100.png Size: 58 KB
Click to Enlarge Name: usdcad 50.png Size: 37 KB
Click to Enlarge Name: 20 usdcad.png Size: 41 KB
  • #15
  • Dec 16, 2024 10:01am Dec 16, 2024 10:01am
Thank you for sharing your thread. Been away from Renko for a few years now. Can you post your favorite Renko Chart generator please? mq4 if you have it. Thank you,
  • #16
  • Dec 16, 2024 11:54am Dec 16, 2024 11:54am
Quoting Ryder
Thank you for sharing your thread. Been away from Renko for a few years now. Can you post your favorite Renko Chart generator please? mq4 if you have it. Thank you,
Hello Ryder,

I have paid version of renko so cannot post it.

Please find it on forums, you got plenty of versions for free.

Thanks in advance
  • #17
  • Dec 16, 2024 12:18pm Dec 16, 2024 12:18pm
Quoting Zokynho
Hello.... This is my expectation of cable.... I dont know what will happen but with good money management and LOM (loss order management) i can prepare.... Split position lot and entered 3/10 now and will enter again with 7/10 or maybe more (dont know-depends on situation) if goes further down.... {image} {image} {image} {image} {image}
+40 pips closed

2 positions still opened (around 100 pips currently)

exit as TmaMacd touched and laguerre goes to OB
Attached Image (click to enlarge)
Click to Enlarge Name: take profit.png Size: 51 KB
  • #18
  • Dec 16, 2024 12:31pm Dec 16, 2024 12:31pm
I mostly scalped today....
Attached Image (click to enlarge)
Click to Enlarge Name: Bez naslova.jpg Size: 45 KB
  • #19
  • Dec 16, 2024 1:02pm Dec 16, 2024 1:02pm
NZD/USD buy

100 and 50 brick charts could go further down to test lows from 2022 year but 7 and 20 chart gave me good signals to enter 3 positions or 3/10 with targets 0.5810 and 0.5880. 3rd position will leave open

If goes down I will be more aggressive with positions if signal comes...

Markets are moving slow before Christmas, maybe scalping could be good game
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD 20.png Size: 25 KB
Click to Enlarge Name: 7 nzdusd.png Size: 33 KB
  • #20
  • Dec 17, 2024 1:29am Dec 17, 2024 1:29am
USD CAD

100 50 and 20 strong trend is there all all chart showing lagguere OB condition and Pa goes up aroud 830 pips so we can do 2 things:

Starting to go in sell ciklus but need to be aware as PA may go up to test historic high from 2020 lvl 1.4550 or we can wait to 3 and 7 charts go in opposite oversold place to for sling shot and continue to go up....


I ve entered 3/10 sell with targets 1.4232 1.4175 and 1.4100
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd cad chart 7.png Size: 29 KB
Click to Enlarge Name: usd cad chart 3.png Size: 33 KB
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