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C4 Scalping

  • #2,601
  • Jul 25, 2009 9:57pm Jul 25, 2009 9:57pm
Quoting Edgetrader
...Take a look at the 'Nitro' chart. It is what it is...
Hi Edge, after three looks on your chart I tried to get the entrys.

Can you please confirm the accuracy of the signals?


This is an algorithm for 10P range, for trend(2) and consolidation(1) patterns only.
The moving average crosse is ignored.

OM. (Make pips and no bombs).
.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_renko.gif Size: 27 KB
Attached File(s)
File Type: ex4 smRenko Signals_v1.ex4   10 KB | 1,182 downloads
  • #2,602
  • Jul 25, 2009 10:09pm Jul 25, 2009 10:09pm
Thanks FXGuy
I have tried most but will seek out SM's latest and try again. I am a fan of the method generally - it makes so much sense. I am trying to keep my charts as simple and uncluttered as possible so a good indi with the early alert would be a godsend.
I have quite a good RSI alert but RSI is unnecessary if using Trix so have dropped it off my chart.
Karl
  • #2,603
  • Jul 25, 2009 11:10pm Jul 25, 2009 11:10pm
Quoting DETrader
For those using or who want the Renko script. I have spoken with the seller a few times, if a bunch of people really want it, get together and do a group buy of the source code version for $100 US, he is OK with this being used by more than one person, but he will only provide support too that person, but then again with the source code one could replicate it and it doesn’t matter after that. Hell I would pitch in close to a quarter of that if there was someone trusted enough to do the buy for the group....
I believe that the non-code version of the Renko is 60Euro. I only want the ex4 not the code (I would not know what to do with it.) I would be more than happy to contribute to the group purchase.

I am only up to Page 165 so this may be addressed later.

I would welcome a PM to throw in my lot.

Karl
  • #2,604
  • Edited Jul 26, 2009 3:54am Jul 25, 2009 11:25pm | Edited Jul 26, 2009 3:54am
Hi guys

just updated my Info Indi.
I took away the balance and profit infos and added trix trend M5 and M15 above or below 0.
They are showing only on M5... on other timeframes they are invisible.
Don#t even know whether they show on Renko... have to check this out tomorrow.

Just replace it in your indicators folder.

Hope that helps.

Uli
Attached File(s)
File Type: ex4 DXTrade Info v2.ex4   8 KB | 787 downloads
"The only successful substitute for brains is silence."
  • #2,605
  • Jul 25, 2009 11:32pm Jul 25, 2009 11:32pm
Quoting SwingMan
Hi Edge, after three looks on your chart I tried to get the entrys.

Can you please confirm the accuracy of the signals?



This is an algorithm for 10P range, for trend(2) and consolidation(1) patterns only.
The moving average crosse is ignored.

OM. (Make pips and no bombs).
.
I think that is close enough to be a fine working model.

As a suggestion, I think that a modification to show just the initial arrow signal is more than sufficient to scalp with. The second arrow that appears as a additional trading oppotunity unfold may just cause confusion to some.

So, in short, if you can go with perhaps the trix candle color change and one arrow for direction, that would be all a trader needs, especially trading a 10 tic brick.

Have attached a clean initial signal chart as a guide for your benefit.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: clean.jpg Size: 88 KB
  • #2,606
  • Jul 25, 2009 11:42pm Jul 25, 2009 11:42pm
Quoting SwingMan
Hi Edge, after three looks on your chart I tried to get the entrys.

Can you please confirm the accuracy of the signals?



This is an algorithm for 10P range, for trend(2) and consolidation(1) patterns only.
The moving average crosse is ignored.

OM. (Make pips and no bombs).
.

SwingMan,

You have been so helpful to the FX community. I thank you soooooo much. Keep it up Man
  • #2,607
  • Jul 25, 2009 11:56pm Jul 25, 2009 11:56pm
Quoting SwingMan
Hi Edge, after three looks on your chart I tried to get the entrys.

Can you please confirm the accuracy of the signals?



This is an algorithm for 10P range, for trend(2) and consolidation(1) patterns only.
The moving average crosse is ignored.

OM. (Make pips and no bombs).
.

SwingMan,

Here is what I see on my chart after attaching the SwingMan Renko.
What am i doing wrong ?
Attached Image (click to enlarge)
Click to Enlarge Name: C4_Scalp_01.gif Size: 12 KB
  • #2,608
  • Jul 25, 2009 11:58pm Jul 25, 2009 11:58pm
Quoting maxwell-eqtn
SwingMan,

Here is what I see on my chart after attaching the SwingMan Renko.
What am i doing wrong ?
You need to get Renko first
Q
The Only Constant Is Change!
  • #2,609
  • Jul 26, 2009 12:41am Jul 26, 2009 12:41am
Quoting maxwell-eqtn
SwingMan,

Here is what I see on my chart after attaching the SwingMan Renko.
What am i doing wrong ?
gotta get the renko script first and then apply swingman's renko
  • #2,610
  • Jul 26, 2009 12:41am Jul 26, 2009 12:41am
Quoting JazzmanQ2
You need to get Renko first
Q

Can someone post Renko. I would like to try it.

Thanks
  • #2,611
  • Jul 26, 2009 12:42am Jul 26, 2009 12:42am
Quoting maxwell-eqtn
Can someone post Renko. I would like to try it.

Thanks
Its not free. Have to pay to get it.
  • #2,612
  • Edited 1:44am Jul 26, 2009 12:55am | Edited 1:44am
Hi all....

Just technical question if I may about these Renko charts...

"The Renko script intercepts the raw tick data from the M1 chart same as any indy or EA. By default, this is BID data in MT. It then assembles these into Renko bricks based on your specified brick size only, say..."


This part I can understand when the charts are running and you have a live feed coming in.....BUT WHEN you turn off your computer and come back 4 hours later......how does MT4 update your chart....if your using a M1 chart....does MT4 just load in the H/L/C/O of each bar you have missed live or does it provide every tick making up those bars....I would have thought it only provided the H/L/C/O and time...and then on the current/live bar it would be showing TIC data....
  • #2,613
  • Jul 26, 2009 1:28am Jul 26, 2009 1:28am
Quoting darkness
Its not free. Have to pay to get it.
You can try this one:
Attached File(s)
File Type: mq4 RENKO_2.mq4   9 KB | 1,110 downloads
  • #2,614
  • Jul 26, 2009 1:30am Jul 26, 2009 1:30am
Hi Folks

I would be a little more careful with commercial indicators, the fact that FF has a commercial beta forum doesn't mean that we can post whatever we want.

Trying to help here, I found deep in my indicator box a renco indi, it opens in a subwindow but you can draw S&R lines, fib it, draw TL's, add a MA etc.

There is even the advantage that you see on the same chart the candles.

Maybe some of the leaders here can try it and if it's useful you folks can work with it.

If I remember well I got it from a russian forum in mq4 that's why I think it has no copyright and can be distributed for free (if someone knows it better and it has Copyright please PM me and I'll delete the post).

Have a great weekend all.


Quoting darkness
Its not free. Have to pay to get it.
Attached Image (click to enlarge)
Click to Enlarge Name: renco chart.gif Size: 20 KB
Attached File(s)
File Type: mq4 Renko.mq4   9 KB | 2,198 downloads
  • #2,615
  • Jul 26, 2009 1:36am Jul 26, 2009 1:36am
Same code than the one that I posted but it took me more time to try it and make the screenshot, lol.

Quoting madscalp
You can try this one:
  • #2,616
  • Jul 26, 2009 1:37am Jul 26, 2009 1:37am
Hi all....

cobraforex.... those Renko indicators dont use the Tick data that is required....if the price swings up 100pips and down 100pips....and closes at the same level....on the bar..you dont see any of that swing on the charts....

The new one...uses Tick data....
  • #2,617
  • Jul 26, 2009 1:41am Jul 26, 2009 1:41am
Quoting SwingMan
Hi Edge, after three looks on your chart I tried to get the entrys.

Can you please confirm the accuracy of the signals?


This is an algorithm for 10P range, for trend(2) and consolidation(1) patterns only.
The moving average crosse is ignored.

OM. (Make pips and no bombs).
.
Do I understand right that we can use this with whatever brick size by changing the settings? What does "Renko stop" setting mean? If I change brick size to 5, should I then change Renko stop to sth different from 20?
  • #2,618
  • Jul 26, 2009 1:48am Jul 26, 2009 1:48am
Ok, only tried to help because working with a commercial one can cause problems for this thread.

Quoting Angler
Hi all....

cobraforex.... those Renko indicators dont use the Tick data that is required....if the price swings up 100pips and down 100pips....and closes at the same level....on the bar..you dont see any of that swing on the charts....

The new one...uses Tick data....
  • #2,619
  • Jul 26, 2009 1:51am Jul 26, 2009 1:51am
Quoting Angler
Hi all....

Just technical question if I may about these Renko charts...

"The Renko script intercepts the raw tick data from the M1 chart same as any indy or EA. By default, this is BID data in MT. It then assembles these into Renko bricks based on your specified brick size only, say..."


This part I can understand when the charts are running and you have a live feed coming in.....BUT WHEN you turn off your computer and come back 4 hours later......how does MT4 update your chart....if your using a M1 chart....does MT4 just load in...
That is a good question Angler.
I have asked that question of the script seller , will post what his reply is when I receive it.
  • #2,620
  • Jul 26, 2009 2:24am Jul 26, 2009 2:24am
Quoting kermut
Basically, when trading 5M chart with 15M mtf indicators, you are essentially trading the 15M chart taking entries on the 5M, not the other way round as most are thinking. Hence, pull up a 15M chart, put trix and mtf trix set to 5M. This way, there is no chance of the 15M trix changing colour, position, direction on the third 5M candle, as can happen on a 5M chart.
I tried this before and I don't know if I am doing something wrong with the settings but they are nowhere near the same as I get on the other way around. As we are supposed to go when the candle actually closes on the 5m how can that be done when its a 15min chart?
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