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EUR/GBP Trendmagic System

  • #3,961
  • Jul 6, 2009 5:44am Jul 6, 2009 5:44am
Quoting Indrek
I put it to my chart and compared it with TudorGirl Vorticity and the newer non-painting indicator TudorGirl Power Strength.
The result is that SmVorticity and TudorGirl Vorticity have exact match, i.e they both repaint equally.
OK, then we will have bad luck...
  • #3,962
  • Jul 6, 2009 6:00am Jul 6, 2009 6:00am
Hi all....

Just wonder if those using Renko charts actually understand how they work...

Unless your using tick charts the price could spike 50pips and return and the Renko will not show it....so looking back on a Renko chart does not tell you the whole story of what the price has been doing....its a very filtered indicator...similar to Point & Figure..
  • #3,963
  • Jul 6, 2009 6:09am Jul 6, 2009 6:09am
Quoting Indrek
I put it to my chart and compared it with TudorGirl Vorticity and the newer non-painting indicator TudorGirl Power Strength.
The result is that SmVorticity and TudorGirl Vorticity have exact match, i.e they both repaint equally.
I am getting the same - identical indicator, identical repaint problem. In fact, the code is identical except the addition of the alert.

CB
  • #3,964
  • Jul 6, 2009 6:15am Jul 6, 2009 6:15am
Quoting Angler
Hi all....

Just wonder if those using Renko charts actually understand how they work...

Unless your using tick charts the price could spike 50pips and return and the Renko will not show it....so looking back on a Renko chart does not tell you the whole story of what the price has been doing....its a very filtered indicator...similar to Point & Figure..
You can teach us how to use Renko properly.

The VT version of Renko seems to be very sensitiv, Now it shows little retracement in 5min TF.
Attached Image (click to enlarge)
Click to Enlarge Name: renko4.gif Size: 47 KB
/ ... clarifying decisions ... /
  • #3,965
  • Jul 6, 2009 6:35am Jul 6, 2009 6:35am
@Indrek, @Codebreaker

Sorry, but the indi don't repaint, and I post a chart. From you I haven't see any proof...

Here a live chart:
.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_vorti.gif Size: 16 KB
  • #3,966
  • Jul 6, 2009 6:38am Jul 6, 2009 6:38am
Quoting picky2004
For anybody who wants free renko charts install VTtrader 2.0 and you got them
What's VTrader and where do you get it?
  • #3,967
  • Jul 6, 2009 6:40am Jul 6, 2009 6:40am
Quoting enewbold
What's VTrader and where do you get it?
http://www.cmsfx.com/
/ ... clarifying decisions ... /
  • #3,968
  • Jul 6, 2009 6:51am Jul 6, 2009 6:51am
Quoting SwingMan
Sorry, but the indi don't repaint, and I post a chart.
I'm sorry, Swingman. I love your code and think you're a really great guy, but I must report that I set up a test of the two indicators running together (your new one and TudorGirl's), and they react identically, painting identically the past two or three bars.

Because I use the indicators simply as an aid to my manual trading decision process, I don't really have any problem with the repaints, as they simply are up-to-the-minute reflects of the current price action. Perhaps attempts to beat the repainting issue are akin to 'flogging a dead horse?" (smile)

Keep up the good work, my friend.

Ed in Ohio
  • #3,969
  • Jul 6, 2009 7:06am Jul 6, 2009 7:06am
Quoting enewbold
I'm sorry, Swingman....
Besides, the codes are identical.
  • #3,970
  • Jul 6, 2009 7:25am Jul 6, 2009 7:25am
Quoting >Apocalypto<
another great cherry pic..... why not take the couple sells before it?
Looks like the move was taken during the Asian/London overlap which seems a very good time to trade.
  • #3,971
  • Jul 6, 2009 7:42am Jul 6, 2009 7:42am
@Indrek, @enewbold

Pleeeeeease post charts and not comments. I posted until now two charts with MY proof that the indi do not repaint.
Now I will SEE your charts, and then can I give an answer, find an other solution, or forget this attempt.

If you are a qualified programmer, ok, you can comment every script row.
If not, you need to know that sometimes changing a single line can make something else, and that is the case here.
Now I understand our TG to not post source codes, because rather than to test the indi we commented the source code.
  • #3,972
  • Jul 6, 2009 7:55am Jul 6, 2009 7:55am
Quoting SwingMan
@Indrek, @enewbold

Pleeeeeease post charts and not comments. I posted until now two charts with MY proof that the indi do not repaint.
Now I will SEE your charts, and then can I give an answer, find an other solution, or forget this attempt.

If you are a qualified programmer, ok, you can comment every script row.
If not, you need to know that sometimes changing a single line can make something else, and that is the case here.
Now I understand our TG to not post source codes, because rather than to test the indi we commented the source...
I just attached both indicators to my chart and looked at the past period. All signals of both matched 100 %. And they equally differ from TudorGirl_Potential_Strength that is not repainting.
Attached Image (click to enlarge)
Click to Enlarge Name: vorticity comparison.gif Size: 56 KB
  • #3,973
  • Jul 6, 2009 8:11am Jul 6, 2009 8:11am
Quoting Angler
Hi all....

Just wonder if those using Renko charts actually understand how they work...

Unless your using tick charts the price could spike 50pips and return and the Renko will not show it....so looking back on a Renko chart does not tell you the whole story of what the price has been doing....its a very filtered indicator...similar to Point & Figure..
Quit an intersting read about Renko charts

http://www.forexoma.com/renko-chart-...-renko-charts/

In the VT version of Renko the boxes have different size in each TF, thats why they generate different patterns. Although you may adjust the setting of the boxes as you like.
Perfect.
/ ... clarifying decisions ... /
  • #3,974
  • Jul 6, 2009 8:26am Jul 6, 2009 8:26am
When u look at the screenshot u can see that the other sells were before the start of London session. I never trade before London its not my time that early in the morning.
U want to see a break even trade or even a loss trade ? No problem - ill post one next time. No system is perfect and losing is part of the game.
To me the goal is to take more good trades than bad ones when the trading day ends.
My daily piptarget is +30P. This IS possible with these indicators. The rest goes in good moneymanagement and DISCIPLINE..



@ shallow yip : Yes i am trying my system live and the lotsize is 0.2 actually..why 0.2 ? Because i sell 0.1 @ +10P and let the other 0.1 run. Easy,eh ? Now get lost



Quoting >Apocalypto<
another great cherry pic..... why not take the couple sells before it?
  • #3,975
  • Jul 6, 2009 8:32am Jul 6, 2009 8:32am
Quoting Indrek
I just attached both indicators to my chart and looked at the past period. All signals of both matched 100 %. And they equally differ from TudorGirl_Potential_Strength that is not repainting.
I tried to explain the repainting, but you discuss completely other things.
- Looking only past periods is false.
Load please the two indis in a 1min Chart. Then wait 5-10 minutes. Then load the same indis in the same chart. If the shapes differ then we have repainting, if not we haven't repainting, that's all. THIS IS THE PROOF for the practice.

- I don't know the TG PotentialStrength indicator, maybe can you give a link, or post the indi.
If you assert that the two indis differ from the TGPS, is identical to claim that they differ from the RSI or the Stochastic, and I see no connection.
  • #3,976
  • Jul 6, 2009 8:48am Jul 6, 2009 8:48am
Here's what I see on EURUSD on 1hr charts. Past data shows your indicator picking up the trend changes before TGHV's and even before the ASC trend arrows which would be a big improvement if it can do this in real time. Guess I'll watch and see, but haven't tried it on one min charts yet but will.
Attached Image (click to enlarge)
Click to Enlarge Name: swingman.JPG Size: 205 KB
  • #3,977
  • Jul 6, 2009 8:59am Jul 6, 2009 8:59am
?????
Attached Image(s) (click to enlarge)
Click to Enlarge Name: repaint.jpg Size: 120 KB
Click to Enlarge Name: repaint2.jpg Size: 119 KB
  • #3,978
  • Jul 6, 2009 9:09am Jul 6, 2009 9:09am
Quoting affandiz
ur ss on 1st picture the candle did not finish yet. lol
Ok, try by yourself ... waste your time ...
  • #3,979
  • Jul 6, 2009 9:10am Jul 6, 2009 9:10am
Quoting affandiz
ur ss on 1st picture the candle did not finish yet. lol
13:39 candle could change colour but 13:38 not. at leats this indi works same tha TGV and it could repaint 3 bars or 2, that would be a different stage
  • #3,980
  • Jul 6, 2009 9:11am Jul 6, 2009 9:11am
Quoting tex
When u look at the screenshot u can see that the other sells were before the start of London session. I never trade before London its not my time that early in the morning.
U want to see a break even trade or even a loss trade ? No problem - ill post one next time. No system is perfect and losing is part of the game.
To me the goal is to take more good trades than bad ones when the trading day ends.
My daily piptarget is +30P. This IS possible with these indicators. The rest goes in good moneymanagement and DISCIPLINE..



@ shallow yip :...

Hy tex !

You are a good man and I don't want you to get involved too in this dispute.
I want to give you a little tip (and this is not just for you) - shallow yip has "power" in this thread because we give to him too much attention.
You sow what people like him can do when they have the "power" (verry good people are out from this thread because of those ... frustrated people)
So take my advice and let it be (in your ignore list, of course )

Don't get me wrong, couse I don't want to tell you what to do, but I i think that this thread can be what it used to be:

A PLACE WHERE WE CAN LEARN FROM EACH OTHER AND IMPROVE OUR TRADING SKILLS

I am too "young" in FX to give advices, but I am trying to find my own rithm. Here it seems that I might find it, but for now everithing is ... wrong.
So guys, can we give it another try and do what we used to do ?

P.S. - Please use your ignore list !!!

Have fun guys !
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