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C4 Scalping

  • #2,801
  • Jul 27, 2009 1:17am Jul 27, 2009 1:17am
Quoting Quantum4x
I'm having a very strange problem with Renko (the one of MQL Service) in MT4.
The last bar begins to go up and down, according to price. However, once it reaches the target it just stays there. It doesn't close that bar and opens a new one.

In the example I attach: I set it up for 10 pips. The bar began to go up and down and it went way beyond the 10 pip limit, and it didn't close the bar to open a new one, it just stayed there.

Does anyone know why is this happening?
Thanks in advance.
As the prior bar was red, the price only needs to move down 10 pips to generate a new red bar. It has to move 20 pips to the upside, however, to generate a new blue bar (this bar would close at the same level as the prior blue bar 2 bars back from the current bar)

Andy
  • #2,802
  • Jul 27, 2009 1:20am Jul 27, 2009 1:20am
Quoting Angler
Hi all...

But looking at his chart...is it normal to have a wick on the current bar...

and yes you need a 2 * the block size to get a new block reversal.
Anne pointed this out on a recent post, wicks are normal for the current bar while it is forming, the wick disappears when the bar is complete. For this reason any backtesting has to take into account a possible 19 pip drawdown (if Renko is set to 10 pips) even if there is no apparent reversal on the Renko chart

Andy
  • #2,803
  • Jul 27, 2009 1:25am Jul 27, 2009 1:25am
Couple of 5 pip nitro detonations. Fortunately, planted in the right spot and time (or tick).

Attached Image (click to enlarge)
Click to Enlarge Name: renko 2.gif Size: 108 KB
  • #2,804
  • Jul 27, 2009 1:36am Jul 27, 2009 1:36am
Hi everyone,

a quick +5 before having to go to my real job :-( (not too bad though because I am always in the fresh air!!

Thanks Edge.

Wishing you all a successful Edge pipping week.

Nick
Attached Image (click to enlarge)
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  • #2,805
  • Jul 27, 2009 1:37am Jul 27, 2009 1:37am
Quoting darkness
2losers neg.19pips total. gotta stick to trading asian/london or london/ny preferrably, asian session pa not good for this and inconsistent.
Could you post a chart please, it might help others to see losing as well as winning charts.
  • #2,806
  • Jul 27, 2009 1:49am Jul 27, 2009 1:49am
Quoting SwingMan
- Have you seen the parameter Renko_Range = 10 ?! Sure can you change this.

It remains the problem that probably for your 5P bricks you need an other algorithm to identify the signals and the entrys, and that is not included in this indicator. Apology for the circumstances and forget this indi because Edge also said it is not usable. Wait the next years until you get an super-tooper-poly-diamond indi from other programmers...
Wait the next years until you get an super-tooper-poly-diamond indi from other programmers...[/quote]

Still only showing images to the community..... And the community thank her for these images???!!!! not making the pips from "IMAGE INDICATORS"

Maybe waiting for some fund manager to see it here and make a commercial deal!

Is there not a place in FF for mathematical discussions??? and potential programmers discuss there?

You are the DEAL swingman..... you do not need to advertise your skills you have already deliverd them and many traders making pips from your indicators.
  • #2,807
  • Jul 27, 2009 1:51am Jul 27, 2009 1:51am
Quoting luckylady
Could you post a chart please, it might help others to see losing as well as winning charts.
Here is example of one of the losers. Although it recovered to meet my tp later, I exited once price breached ma and first black candle closed below it, i exited it on 2nd black candle with primer turning red.

PA seemed to stall at times and it was simply wrong time to enter such trade. Lesson learned.

...ej can also be a little bit of a beast to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: ej -10.gif Size: 20 KB
  • #2,808
  • Jul 27, 2009 1:53am Jul 27, 2009 1:53am
Quoting darkness
Here is example of one of the losers. Although it recovered to meet my tp later, I exited once price breached ma and first black candle closed below it, i exited it on 2nd black candle with primer turning red.

PA seemed to stall at times and it was simply wrong time to enter such trade. Lesson learned.
Thank you for that darkness, I appreciate it
  • #2,809
  • Jul 27, 2009 1:57am Jul 27, 2009 1:57am
You welcome,thanks for asking. Now we got nice activity in the markets.
  • #2,810
  • Jul 27, 2009 2:10am Jul 27, 2009 2:10am
Hey Darkness,it seem like you have a late entry on this trade ..timing play a very big part of our trading.what are ur rules of entry?.
Quoting darkness
Here is example of one of the losers. Although it recovered to meet my tp later, I exited once price breached ma and first black candle closed below it, i exited it on 2nd black candle with primer turning red.

PA seemed to stall at times and it was simply wrong time to enter such trade. Lesson learned.

...ej can also be a little bit of a beast to trade.
  • #2,811
  • Jul 27, 2009 2:24am Jul 27, 2009 2:24am
Quoting stunna29
Hey Darkness,it seem like you have a late entry on this trade ..timing play a very big part of our trading.what are ur rules of entry?.
might be so, i try to enter with 6 period trix confirmation..
  • #2,812
  • Jul 27, 2009 2:30am Jul 27, 2009 2:30am
Quoting stunna29
Hey Darkness,it seem like you have a late entry on this trade ..timing play a very big part of our trading.what are ur rules of entry?.
In this particular case it still wouldn't have made any difference to the outcome.
  • #2,813
  • Jul 27, 2009 2:33am Jul 27, 2009 2:33am
Here an update of my +5 pips shots....

Edge...I don't know if this is a mini nitro.... but...

9 trades...9 wins...100% wins...
Attached Image (click to enlarge)
Click to Enlarge Name: renkotrades3.gif Size: 59 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #2,814
  • Edited 2:44am Jul 27, 2009 2:34am | Edited 2:44am
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  • #2,815
  • Jul 27, 2009 2:36am Jul 27, 2009 2:36am
Quoting luckylady
In this particular case it still wouldn't have made any difference to the outcome.
although if that trade was with hard 20 pip s/l then it wouldn't have been fine..
  • #2,816
  • Jul 27, 2009 2:41am Jul 27, 2009 2:41am
saw a candle reversal and bearish divergence and sold .

Got 30 pips done for the day
Attached Image (click to enlarge)
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  • #2,817
  • Jul 27, 2009 2:42am Jul 27, 2009 2:42am
Hey Darkness,this is a trade i took earlier,+30 nice start to my morning..but as i was saying timing ur entry is very important.On your next trade i know you are gonna do jus fine.Happy trading.[
Attached Image (click to enlarge)
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Quoting darkness
might be so, i try to enter with 6 period trix confirmation..
  • #2,818
  • Jul 27, 2009 2:58am Jul 27, 2009 2:58am
Quoting Chris_B
Here an update of my +5 pips shots....

Edge...I don't know if this is a mini nitro.... but...

9 trades...9 wins...100% wins...
Hi Chris,

in the last shot was to see that you work with an Expert Adviser. I think it makes Entries easier, have you written him yourself or bought ...?

How do you handle your stoploss, closing the position with opposite signal ?

What , if there would be a 50 pip move(for example if News come out)?

Thanks

haubentaucher
  • #2,819
  • Jul 27, 2009 3:01am Jul 27, 2009 3:01am
Quoting gerry berard
Hey EDGE. Nice 10 pips on a Sunday night using Renko bars. Might be something to this.Still a nice clean chart.I told you I had an open mind
hiii gerry
would you mind sharing the settings and the indicator .. i mean the MA indicator you are using..
thanks
  • #2,820
  • Jul 27, 2009 3:06am Jul 27, 2009 3:06am
Quoting haubentaucher
Hi Chris,

in the last shot was to see that you work with an Expert Adviser. I think it makes Entries easier, have you written him yourself or bought ...?

How do you handle your stoploss, closing the position with opposite signal ?

What , if there would be a 50 pip move(for example if News come out)?

Thanks

haubentaucher
I'm using an EA only to test the strategy with renko...and to understand better when or when not to enter in a trade...
I'm not using it in real trade....it has some bugs...my real manual entries are better than those of the EA...
Anyway...it uses the basic rules of C4...a primer and a detonator..and the "less is more" philosophy....that's all...
Primer is LWMA and detonator is TRIX....nothing magic...all is in this thtread...
Market is like a puzzle, YOU have to fit the pieces!!
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