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  • #2,981
  • Jul 27, 2009 3:12pm Jul 27, 2009 3:12pm
Quoting Mindsphere
Hi Edge, sure, I've attached a couple of EY charts with similar false positives.

Also, just a quick thank you for starting this amazing thread. I spent the last 3 days reading the entire thing.
Didn't swingman say though
Quote
when the triangle signal appear, check the two previous histograms, and ONLY if the signal direction match with the slope of the two histograms then buy or sell with TP=10 and SL=20.
  • #2,982
  • Jul 27, 2009 3:16pm Jul 27, 2009 3:16pm
Ok, let me then attach the chart and ask those who knows the secret.

I marked the last Trix signal by Blue Vertical line..

According to the SM instructions this Entry is False or True?

=======

Ok, looks like signal is true (based on SM instructions), cause previous bar has 2 blue-up errors, then it means next Error UP is the

true signal.. Right?
Attached Image (click to enlarge)
Click to Enlarge Name: screen39.jpg Size: 103 KB
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  • #2,983
  • Jul 27, 2009 3:37pm Jul 27, 2009 3:37pm
Could anyone help by installing the Renko. I buyed the Renko from the service-shop and since one hour I try to install it. I get the following advice:

How to use it:
- put the script in MT4/experts/scripts directory;
- restart MT4;
- you should be able to find bar script in the Navigator scripts tree;
- make sure that you have allowed for DLL imports: Tools->Options->Expert Advisors
'Allow DLL imports' should be ticked and 'Confirm DLL function calls' unticked;
- drop it on a chart with a Symbol you wish to create constant range bar chart;
- File->Open Offline->Symbol,M2 contains desired chart.
(If M2 time frame conflicts with other chart, simply change TimeFrame input)

I followed all these steps, except the last step: Opening an M2-Chart. My brokers are interbankfx and fxpro and both do not offer a 2 Minute-Timeframe. So I tried to open an EUR/USD-M1-Timeframe and then to execute the s-Renko-bars on the chart, but nothing happened. Normally I have no problems with installing ad-ons for metatrader, but in this case I am helpless at the moment.

I don't want forget to thank all people here for there hard work and there informations, specially Edgetrader.
  • #2,984
  • Jul 27, 2009 3:38pm Jul 27, 2009 3:38pm
Quoting Mindsphere
Hi Edge, sure, I've attached a couple of EY charts with similar false positives.

Also, just a quick thank you for starting this amazing thread. I spent the last 3 days reading the entire thing.

OK, I stand corrected.

Lets talk about these 'false' positives a second.

They are indeed false based upon the SM arrows. As mentioned in a previous posting, the SM indicator is not yet where I would like it to be. Therefore, it is not part of my trading as you see it absent from my charts.

Now, take a closer look at the charts provided by yourself. Remember, the goal of Nitro is to extract about 5 pips or so from ONE 10 pip brick.

What I see is a breach of the LWMA with one brick which is CLOSED. Therefore, you have a PRIMER in place as the brick itself is Trix formated. The trix indi is useless at this point.

So, once you see breach and close, the next brick is your working brick. This is the one that is set for your DETONATOR. How many times could you have made a winning trade in that 'working' brick? Not many and here is why.

The trix brick crossing and closing above/below the LWMA is the PRIMER only.

The LWMA turning color is the DETONATOR.

On your charts, did the LWMA change color to confirm the trade. NOPE!

You must have both. This is exactly why I do not like alot of bells and whistles, like multiple arrows and ringing bells and ahooga horns. By simply sitting and watching the four pairs, it is not all that difficult to see a signal develop and trade such.

Hope this adds some clarity.

Regards.
  • #2,985
  • Jul 27, 2009 3:39pm Jul 27, 2009 3:39pm
Quoting morander
Could anyone help by installing the Renko. I buyed the Renko from the service-shop and since one hour I try to install it. I get the following advice:

How to use it:...

Go to Files-> Offline charts and choose EURUSD M2
itīs there after you started the script
  • #2,986
  • Jul 27, 2009 3:40pm Jul 27, 2009 3:40pm
Sky
Yes Good for some pips. First the triangle appeared giving an up signal followed by the arrow signal confirming the potential trade .Here you have to check the two previous histogram which in this case are showing upward slope. I think that how it works
  • #2,987
  • Jul 27, 2009 3:41pm Jul 27, 2009 3:41pm
Quoting SkyzerFX
Ok, let me then attach the chart and ask those who knows the secret.

I marked the last Trix signal by Blue Vertical line..

According to the SM instructions this Entry is False or True?

=======

Ok, looks like signal is true (based on SM instructions), cause previous bar has 2 blue-up errors, then it means next Error UP is the

true signal.. Right?
Not in my book.

I would have already traded the first arrow shown. The trix colored brick is already long. That is of course assuming that little arrow was already showing.

Was it? Or, did it pop onto your screen after that brick was formed?

Regards.
  • #2,988
  • Jul 27, 2009 3:42pm Jul 27, 2009 3:42pm
Quoting TudorGirl
Why not? Most of the trades lasted just a few minutes. So if the bricks continue to move in our favour, why not go again?

Anne
A little light went on in my head reading your post....of course!!....if the bricks are moving in ones favour, why not grab a few more pips....I have been of the "school of thought" to allow one trade on one pair to play out before opening another trade...but why not go again......very good idea!!
  • #2,989
  • Jul 27, 2009 3:48pm Jul 27, 2009 3:48pm
Quoting Edgetrader
Not in my book.

I would have already traded the first arrow shown..
He-he, Edge, you are dah, man.. I got my balls cut off today
getting into short position according to technical signal right before
Market home data came out, wasn't aware of that, my bad..
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  • #2,990
  • Jul 27, 2009 3:52pm Jul 27, 2009 3:52pm
Quoting pgpb
A little light went on in my head reading your post....of course!!....if the bricks are moving in ones favour, why not grab a few more pips....I have been of the "school of thought" to allow one trade on one pair to play out before opening another trade...but why not go again......very good idea!!
Please share the indicator that is used that can forcast the next bricks movement. This is exactly what I talk about, GREED! MORE PIPS!

Good luck with that.

Regards.
  • #2,991
  • Jul 27, 2009 3:55pm Jul 27, 2009 3:55pm
Quoting Edgetrader
Great!

Now, time for some homework.

What page did you start with in the thread?

Regards.
LOL, I'm at page 50 now. Cheers mate, I'm already on it.
  • #2,992
  • Jul 27, 2009 3:55pm Jul 27, 2009 3:55pm
Nitro comparrison.

SM is close but not quite there.

Regards.
Attached Image(s) (click to enlarge)
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  • #2,993
  • Jul 27, 2009 3:57pm Jul 27, 2009 3:57pm
Quoting Cjn
LOL, I'm at page 50 now. Cheers mate, I'm already on it.
Excellent.

Now, if you want just NITRO with Renko, skip to around page 155.

Up to you and Thanks!

Regards.
  • #2,994
  • Jul 27, 2009 4:03pm Jul 27, 2009 4:03pm
How do u detect the bricks on TS that only go one brick in a direction and not take the entry ? Is it because of the divergence ?


Quoting Edgetrader
Nitro comparrison.

SM is close but not quite there.

Regards.
Attached Image (click to enlarge)
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  • #2,995
  • Jul 27, 2009 4:10pm Jul 27, 2009 4:10pm
Is there Indy to determine 24 hour (or specified period) LOW/High

Could be very useful in range market..
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  • #2,996
  • Jul 27, 2009 4:15pm Jul 27, 2009 4:15pm
Hallo all together,

this is my first post on FF and I`m glad, posting in this thread. I followed this threrad from it`s beginning and still I am using C4.

Since about 50 pages I wonder, if C4 is going to die. Meanwhile it looks to me as if there is only Nitro (Renko) in developement. May be I`m oldfashioned, but I like C4 and I`m still learning. I hope, there are some people thinking like me.

Best regards to Edgetrader, Swingman, TudorGirl and all the other developers.

Sorry for my bad English - it`s a long time ago, I went to school and English is not my native language.
If there are pips you can collect - just do it!
  • #2,997
  • Jul 27, 2009 4:42pm Jul 27, 2009 4:42pm
Quoting tex
How do u detect the bricks on TS that only go one brick in a direction and not take the entry ? Is it because of the divergence ?
Hi,

this could be because:

1) the renko brick is above the line
2) the line is RED --> time to go short

but this is my opinion.

Regards

GrZack
  • #2,998
  • Edited 5:39pm Jul 27, 2009 4:43pm | Edited 5:39pm
Quoting Edgetrader
Nitro comparrison.

SM is close but not quite there.

Regards.

Hi Edge,

Need your help in comparing your snapshot with one of mine.

Both are EURJPY from 07/24 onwards.

Looks like all crosses on my screen match your TS shot.

Mine is Renko 10 superimposed on5M chart hence they look like equivol bars but they are Renko.

Would like you to draw your attention to the white lines connecting the Yellow stepper crossing the bricks with your dashed lines.

Appreciate your help

Pat

The yellow stepper is not sm Trix nor MA colored.

Added 5M without renko but with a 5 pip stepper in blue and 10 pip stepper in yellow .
Attached Image(s) (click to enlarge)
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  • #2,999
  • Jul 27, 2009 4:47pm Jul 27, 2009 4:47pm
Quoting studbiol
Hallo all together,

this is my first post on FF and I`m glad, posting in this thread. I followed this threrad from it`s beginning and still I am using C4.

Since about 50 pages I wonder, if C4 is going to die. Meanwhile it looks to me as if there is only Nitro (Renko) in developement. May be I`m oldfashioned, but I like C4 and I`m still learning. I hope, there are some people thinking like me.

Best regards to Edgetrader, Swingman, TudorGirl and all the other developers.

Sorry for my bad English - it`s a long time ago, I went to...

hi studbiol,

nope, c4 is still alive n well. maybe it's monday, so things r slow abit. many traders here still use c4. use what works 4 u. period.

renko is what edge uses in his trading. c4 is the first stage n renko is the second stage. it's how edge wants to develop this thread. so traders r now exploring n experimenting with it. hence most of the posts r on it. as it'a a new trading week n there's live data to go with it.

if u followed this thread from the beginning since it's inception. then i don't think you'll be lost. congratulations on your first post.
  • #3,000
  • Jul 27, 2009 4:55pm Jul 27, 2009 4:55pm
Pleeeease do not shoot the pianist.

Quote
...the SM indicator is not yet where I would like it to be. Therefore, it is not part of my trading as you see it absent from my charts.
You're right, the indicator is exclusively my intelectual property, and was developed without outside help. I bear no responsibility for trader losses who use it, but have a participation of 1.41% (in words: square-root of two) to the gains...

Quote
SM is close but not quite there.
Cold, cold, hot, hot, hot ...

Sure would be good to help me, because I have not your Renko experience (only 4 days), that is clear.

I have proposed only a simple filter, and unfortunately it did not be tested with the Hilbert transformation. Further I have not taken into account the three big S's (spread, swap, and slippage). Only the brick range is calculated with the Kernel regression, but I don't know why I always get only the 10 out.


OK, with this modest filter, we have in the EURUSD from 07.22 14:51 until 07.27 20:40 a number of 26 false signals filtered, and 16 win trades (100% hit rate, and I can see that the filtered signals are identical with yours!)

This makes for the weak Euro 160 pips in four days, or 40 pips per day.
For $10 per pip we have $400 per day and ca. $8000 per month.
Trading four pairs, I will win $32000 in august, and in september I visit you and bring you flowers!
.
Attached Image (click to enlarge)
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