Fractal Zig Zag EAs on 5 pip Renko Bricks

Not as often between 5 to 11 am est which is when I try to trade.
The wicks will show those swings right, I need to turn those wicks back on.
I studied the price action indicator for a couple of weeks now, & think it works with the wicks turned on in Renko, but need to experiment with different blocks sizes to see where they work best.
Doubt it could be used with the ea too, but you'd probably know that better than I.
Here's a link to it if you hadn't ran across it yet.
http://www.forexfactory.com/showthread.php?t=194232
Maybe just more food for thought.
Thanks for posting.
Hope you all will do the poll above.

Will prob be some time after lunch here, started copying the files to put on the laptop now

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A little update, having trouble finding the stoch/rinko template even though I thought I left the chart open on the pc, might have to start over, & do it again from scratch.

Since renko charts have defined up and down movements would an analysis of this help in providing better entry and exit points ?

Any comments?

Hello Nagpada,
Can you define, "defined up and down movements" please? Just so that were both on the same page.
No pun intended, ...... well maybe.
lol

Think I found the stoch template.
I might have left out an indi or two, let me know how it looks, & works.
Haven't forward tested this yet on demo, so use at your own risk.
Later,
45

PS:
Please forward test it a while, then come back, & tell us how to make the best use it.
PSS:
If you download & install all indis under the paper clip, you should have it.

Thanks. Will see which one suits the purpose. I try not to overload with indis.

Vincent

Although I don't want to slow the development of this ea, I would like to start learning how to code.
Reading C++ books at night just helps me fall asleep faster, so not sure where to start.
Any suggestions?

Got a quick 10 pips on ey, with a little help from Nitro correlation.
Would be great if we could somehow include the power of correlation in the ea esp with yen pairs.
Oh well, maybe someday...

Was looking through some old templates I had saved & found this.
Looks like some pretty high prob trade setup where all 4 colors match up, xpMA, ADXma, continuation bars, etc just saving a screen shot here so I'll be sure to remember to take another look at again next week.
Wicks have to be turned on for the PA indi to work. Just slapped that one on there because I want to forward test it too with different renko brick sizes next week.
Here's some more indis.
Have a great weekend.

PSoesn't look like a good idea to trade against the zig zag(1) arrow signal indi, unless you like to counter trend trade.
PSS:
Can't find the template right now, one of the problems of using mt4 on ms vista I guess.

I just read the thread over there & downloaded their indis, & templates.
I know Syahmi had suggested early on in original C4 thread that we try ha candles on renko, but I couldn't ever really see what the point was since for the most part they just mimic the up down colors of the candles anyway.
But since it seems to be working great for the folks at tsd I'll take another look into it.
Think I will also try switching back over to the 10 pip bricks since that's what they, & most others at the nitro threads here seem to be using these days.
later,
45

Here's how the tsd template looks on 5 pip bricks, hadn't make the switch back to 10 pip blocks yet.
Only added two more ff indis, but some of the indis they used originted for ff, so guess it doesn't really matter since indis are swapped between the fx forums etc all the time.
What do you think?

Already asked FOREXflash how to fix to overlap in his new indi, but haven't heard back from him yet on this.

Will probably hold off uploading these indi's and templates until the problem is fixed.

Won't say how may pips are being claimed with this template, lets just demo forward test it, & find out for ourselves.

I noted on one of the other thread that there seems to be a way to force mt4 to push ticks into an offline history renko chart for back test, but I've had way too much Trouble with mt4 the last couple of weeks so don't want to push my bad luck any further with it.
Will have to do it the old fashion way & settle for visual backtest history, & F12 for now.
Besides don't think we have to worry very much about repaint problems with these indis anyway so that should be good enough at least for this weekend for those whom, like myself can't seem to get enough renkofx.

lol
Maybe I should change the name of my thread?
Anyway one more screen shot, & some indis that I didn't have room to attach yesterday.
Think this may be the best best zigzag arrow signal I've found so far.
Was sitting on my laptop.
Has simular name to others of it's kind reason for the one behind, may need to give it a more discriptive name so it's easy to find in the future.
This was the one I said you don't want to trade against above.
I think you all might like this template too, sometimes think I'm a template artist rather than a trader, but when I find one that reaps the best pip harvest, hope I'll quit it, & start trading it full time, manually or ea.

PS:
No indicator envy phase here, we share all indi s freely. lol
Don't you just hate that, when someone shows an indi etc on a screen shot & they just wont share it for such-n-such reasons?
Why show it in the first place?
Same goes for ea's.

Hope this attaches. OK it did. It would seem to be tailor made for Renko bars. Now if we could find an indicator to do the calculations.

[quote=45Fxguy;3131020]Hello Nagpada,
Can you define, "defined up and down movements" please? Just so that were both on the same page.
No pun intended, ...... well maybe.
lol[/quote

Something on similar mental lines as the attachment on my prior posting. Except that over a space of X bars we calculate how often we have
1bar up or down movements
2 bar movements etc.

Once we have that analysis maybe we could deduce a trading strategy.

Hi Nagpada,
Thanks for posting...
I think they were working on something very similar on the Nitro for serious traders thread. Don't think they ever had very concrete results from that study, but I could be wrong & we could double check maybe ask Chris etc on what they found.
Guess 1st place to start from scratch would be with the pairs you like to trade, & brick size you like to use? And we can go from there.
How far back do you think we need to look to figure it out.
Do you have an excel spread sheet or something to help run the numbers?
A an ea based on those probabilities would probably be pretty easy to code, I guess. Maybe just use stacked fast/slow MOM, etc as confirmation before the trade is placed.
Although, I haven't heard from djc0, in a while so not even sure we still have a coder working on the ea.



[quote=Nagpada;3135551]

45F,
What is your opinion concerning the strategy described in the attachment I posted

There's an old, but very simple yet effective strategy called SRDC, Support, Resistance, Daily, Chart, which I was looking into a couple of weeks ago when I was looking for a way to determine the direction of my trades for any particular day. Basically if price breaks below yesterday's daily candle low then look to sell, if above then buy.
http://www.forexfactory.com/showthread.php?t=9471
Which sounds very similar to how this ebook starts out. & I'm subscribed to a 5 star thread that trades on volume although I haven't read very much of it yet.
http://www.forexfactory.com/showthread.php?t=157629
Mainly because I've heard on several occasions that you can't rely on volumes in Forex market since you can only see the same volume your broker getting.
Guess that doesn't stop all the traders that are apparently using the system successfully.

From my limited personal experience forward testing this on live mini account I find that mixing a swing position strategy with a scalping strategy has one major disadvantage. That is you can often end up waiting for a position to turn around in your favor with the longer term trends, which often it does, where you could at least & usually can close out that position at minimum loss, or break even, before your trading day ends. But you could have also closed that trade at a low fixed sl, and moved on to your other, next several trades.

In other words you probably know about as much if not more than I do on the PriceVolume ebook you attached. Have you done much forward test yourself with this method, on regular or renko charts yet?
If so can you please share your results & details of the method here, in screen shots etc?

PS:
Here's something interesting.
Below is a screen shot of regular volume indicator with Renko_am below it set to 240. They look remarkable similar, wonder why?
This is on a 10 pip renko brick chart generated by a renko chart script I found at tsd, I used it instead of the ea since it generated the offline chart much quicker than the ea versions. Wonder if there is something here that we can use, what do you think about it Nagpada etc? Think I might post this screen shot on Lou's thread too, see what he thinks about it.
PSS:
I attached the renko chart scripts below if you or anyone else wants to try them out.

Firstly I do not scalp as I have come to the conclusion that it does not fit my personality. I find that I am constantly second guessing myself and a good trade goes bad. In renko I am more comfortable with a 20 pip bar. Having said that

I like to view a trade as a probability and use indicators to help in defining this. The e-books main emphasis is the relationship of momentum to volume and the proablity of the next major direction (trend ). It is another tool to help to filter out minor pull backs. I have not come across any indicator that calculates the total volume between two points. A coding of this type of indicator would be a very helpful tool in such an analysis.

I use the Renko_AM indicator but find the picture ( info. ) it provides useful but limited. It provides information on the amount of time spent in the completion of a bar and therefore the momentum of the move, bar by bar but nothing about the move overall nor does it provide the volume amount.

Your idea for a volume indi sound like a good one.
Although I'm not exactly sure why yet.
Maybe you should start a thread on it.
That way it may get the attention it needs & deserves.

I know renko_am isn't supposed to show volume amount, only time it took the bar to complete, that's why I thought the screen shot looked so strange.
It looks almost identical to the volume indi in the screen shot.

Forward testing TSD's HA scalper along with zigzag, etc seems to be working ok so far, just got plus 5 on gbpusd, even though on a pretty late entry.
Found another version of the fractal zigzag ea, but so far this morning it hasn't opened any trades yet.
Was hoping it might be a little less broken, guess not.

Another lucky Plus 10 pips on eurchf, on demo at least, need to start doing this live real soon.
Think I'm starting to like this setup even more so than Nitro.

Going to remove the market hours indis from my template, seems to be off, besides I know what time I'm supposed to trade.