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Fractal Zig Zag EAs on 5 pip Renko Bricks

  • #81
  • Oct 12, 2009 10:25am Oct 12, 2009 10:25am
Is anyone out there besides myself beginning to see the pip potential of this thing?
I do not usually trade this well on Mondays, so has been a pleasant surprise.
Want me to upload the indis & template yet?
Or you can go read the tsd thread, & sort out the old from the new indis yourself.
Is anybody out there? I hear crickets..... lol, more pips for me....
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  • #82
  • Oct 12, 2009 11:09am Oct 12, 2009 11:09am
Quoting 45Fxguy
Is anyone out there besides myself beginning to see the pip potential of this thing?
I do not usually trade this well on Mondays, so has been a pleasant surprise.
Want me to upload the indis & template yet?
Or you can go read the tsd thread, & sort out the old from the new indis yourself.
Is anybody out there? I hear crickets..... lol, more pips for me....
YES!!! Please, Please, Please, post the Indis and template. I've been following this for a while now, and I'd love to get a zip file with the indis and template as you have them on that image, I tried several times but failed.
Thanks a lot to all of the great contributors on these Renko threads. I have learned so much from you guys that I feel I might finally be on a path to stop wasting money buying crappy systems that don't work not to include wasting money on extremely bad trades. Thanks a million.
  • #83
  • Oct 12, 2009 11:16am Oct 12, 2009 11:16am
Quoting zxpips
YES!!! Please, Please, Please, post the Indis and template. I've been following this for a while now, and I'd love to get a zip file with the indis and template as you have them on that image, I tried several times but failed.
Thanks a lot to all of the great contributors on these Renko threads. I have learned so much from you guys that I feel I might finally be on a path to stop wasting money buying crappy systems that don't work not to include wasting money on extremely bad trades. Thanks a million.
Ok I'll zip it up & post it after lunch, sorry I need a break.
  • #84
  • Oct 12, 2009 12:45pm Oct 12, 2009 12:45pm
Great, thank you very much.
  • #85
  • Oct 12, 2009 1:17pm Oct 12, 2009 1:17pm
Quoting zxpips
Great, thank you very much.
zxpips,

Here you go.
Here's screen shot of a lose, I waited for the HA confirmation before entering the trade, started out 8 pip in the red with the spread, so probably shouldn't have been trading this one anyway, with a scalping method.
Was starting in profit before I went to lunch so left the trade open passed my normal trading hours. The template still has some alarms turned on so you can decide which ones you like on or off. Personally don't like too many alarms as the frequent pop ups can interfere with a scalping method.
Let's forward test this a while on demo before risking, real monies, although if I see a good setup especially with correlation on the other yen or usd pairs I'll probably follow a demo trade live now & then. I got in a habit of using correlation following the c4/nitro threads a while & still like to use it for that extra bit of confidence, but not really sure it's needed with this method, let you all decide that.
Trade Well......!
Attached Image
Attached File(s)
File Type: zip a tsd 10 pip renko bricks with zigzag.zip   40 KB | 930 downloads
  • #86
  • Oct 12, 2009 2:12pm Oct 12, 2009 2:12pm
Thanks a lot, I'm going to try it first thing this evening. Just to be sure. I'm supposed to load my M1 chart, add to it my favorite version of the Renko indicator and then with all these guys in my expertindicators folder just load the template on the Offline Renko chart right? One more thing, is that "MTP_RENKO.mq4" just another version of Renko that your using as opposed to the "RenkoLiveChart_v3.1.mq4" one.

Once again, thank you very much.
  • #87
  • Edited Oct 13, 2009 4:14am Oct 12, 2009 2:31pm | Edited Oct 13, 2009 4:14am
Quoting zxpips
Thanks a lot, I'm going to try it first thing this evening. Just to be sure. I'm supposed to load my M1 chart, add to it my favorite version of the Renko indicator and then with all these guys in my expertindicators folder just load the template on the Offline Renko chart right? One more thing, is that "MTP_RENKO.mq4" just another version of Renko that your using as opposed to the "RenkoLiveChart_v3.1.mq4" one.

Once again, thank you very much.
Your Welcome, once again, lol, but lets not count our pips before they hatch, i.e. aka forward demo test a lot first.
You got it all but the last part, the MTP_RENKO.mq4, is in the bottom window, & is optional. I hadn't really been paying that much attention to it.
So you can try it as is or delete the window & save re save/rename the template if you want to.
Don't know if the having wick turned on or not really matters to the zigzag indi guess that's something else we need to keep an eye on. Don't think the scripts from tsd have the wicks option so you can use one of the others, that you think is best.
I turned them back on because I think fractals work a little better with them on, although I don't know if the zigzag(1) indi really uses fractals or not, I just assume that it does.
later,
jt in nc
45
PS: Template updated, deleted candle alarm (way too many pop ups monitoring multi pairs/crosses), & added indi below.
PSS: Also added this pivot/s&r indi since now using 10 pip renko blocks instead of 5. Perfect example of why it's needed, got double signals from zigzag(1) & HA, but price still bounces off 89.89 & starts going back up which happens to be a central pivot point. So would probably be wise to wait for pa to break this level before entering a short unless you want to take the mojority of the move with a slight counter trend trade. In this one demo, but not live. Not time for me to trade yet anyway. Might change my mind though as it just broke through, & cci's at steady pace of -120.
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 27.gif Size: 25 KB
Attached File(s)
File Type: mq4 ADXColorBar.mq4   2 KB | 585 downloads
File Type: mq4 PivotPoints_v1.0.mq4   7 KB | 489 downloads
  • #88
  • Oct 13, 2009 4:32am Oct 13, 2009 4:32am
Here's how the demo trade played out, closed trade based on price action I was seeing in tick window, & correlation of other yen pairs.
Didn't want a winning trade to turn into a loser so took my pips, & ran like a good little scalper.
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 28.gif Size: 26 KB
  • #89
  • Oct 13, 2009 6:49am Oct 13, 2009 6:49am
45Fxguy,

Do u have an ZigZag indicator that had label in each point counting like the Eillot Wave, e.g 1, 2 until 5 & will refresh & start counting other wave??

I tried to search but can't find any ZigZag indicator doing this, hope u have it.
  • #90
  • Edited 10:28am Oct 13, 2009 7:32am | Edited 10:28am
[quote=draco76x;3141772]45Fxguy,


I don't think so, will have to look later.
I haven't really gotten into Eillot Wave trading yet, but guess your right, another ZigZag indi to look out for.

What's the difference between Wolf Wave & and Eillot Wave?

Think I might have a Wolf wave indi that does something like that.
However think I'm pretty happy with my template as is right now.

Is it just me or does the market seems to be lacking direction this morning?
Are they waiting for a news release or something?, Guess I can check the FF calendar.

Haven't made any real trades today, very late renko tsd/ha/zigzag demo trade entry that went south on gbpusd, but in tune with what another signal's prediction.
Don't get the feeling that today is a very good day to be trading live for some reason or another.
Both trades were in direction of the 4hr & on demo so shouldn't hurt to let them run their course.
PS:
Here's result of that late entry trade mentioned above, price finally did come around with the trix 240 min.
Attached Image
  • #91
  • Edited Oct 14, 2009 11:42am Oct 13, 2009 7:49pm | Edited Oct 14, 2009 11:42am
Those following this thread you already know I like to use correlation.
Don't really like to double post but think this really has value, & worth repeating at least one more time.
I think I found a good use for the multi watch indicator. A better use for it might be to just help show correlation, &/or resumption of major trends, in it's other multi-pair mode. In multi pair mode you can only use it to show one indicator at a time though, but that's all you really need.
If anyone else can come up with better settings or uses for it maybe we can share them here.
Don't think it uses up too much cpu resources in this mode, & you probably won't have to open as many charts to keep an eye on correlation etc, & just keep the other eye focused on the charts you really like to trade, especially the low spread ones.
Can you see how well the indi is at picking up correlation & current trends of the multi yen pairs?

edit:
attaching templates etc
Missing any indis? You'll probably find them under the paper clip.
PS: I put "! #", in front of my template names because it forces them to top of list where I can find them easier, but if you use windows vista or higher, you should probably rename the templates immediately, or you may not be able to find the file, as least that how it was for me on the laptop.
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 31.gif Size: 103 KB
Attached Image
Attached File(s)
File Type: mq4 PivotMLevels_v1.0.mq4   5 KB | 492 downloads
File Type: tpl ! # a corrolation for usd sma 8.tpl   23 KB | 431 downloads
File Type: tpl ! # a corrolation for yen sma 8.tpl   27 KB | 455 downloads
File Type: mq4 ATM_Pure_MAColor.mq4   4 KB | 565 downloads
File Type: tpl ! # a corrolation for gbp sma 8.tpl   25 KB | 433 downloads
  • #92
  • Oct 14, 2009 1:00am Oct 14, 2009 1:00am
[quote=45Fxguy;3141908]
Quoting draco76x
45Fxguy,


I don't think so, will have to look later.
I haven't really gotten into Eillot Wave trading yet, but guess your right, another ZigZag indi to look out for.

What's the difference between Wolf Wave & and Eillot Wave?
Well, Attached is about the “Wolf wave” but not much use to me as it’s also abit subjective with eillot wave. Anyway, maybe someone here can comes out a setup use it with Renko after reading.
Attached File(s)
File Type: pdf Wolfe Waves.pdf   235 KB | 722 downloads
  • #93
  • Edited 6:01am Oct 14, 2009 5:22am | Edited 6:01am
[quote=draco76x;3144581]
Quoting 45Fxguy

Well, Attached is about the “Wolf wave” but not much use to me as it’s also abit subjective with eillot wave. Anyway, maybe someone here can comes out a setup use it with Renko after reading.
Thanks draco76x

PS: I'm going to try adding wlxFractals indi to the new ! # TSD Renko with ZigZag today, for a little extra confirmation of the immediate trend changes. AdX & HA color bars should sub well for the other indis used in template before.
wlxFractals, not showing up very well on the HA template so trying this one instead.
Attached File(s)
File Type: mq4 Fractals[1].mq4   6 KB | 523 downloads
  • #94
  • Oct 14, 2009 11:44am Oct 14, 2009 11:44am
Nice bird's eye view using templates posted above.
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 38.gif Size: 96 KB
  • #95
  • Nov 8, 2009 5:25am Nov 8, 2009 5:25am
My appogize to those whom may have been following this thread. As you may have already noticed I put the Fractal Zig Zag Ea project on the back burner for a while.
I've been away giving Petar_Serbia a hand at his new thread which can be found here:
http://www.forexfactory.com/showthread.php?t=203769
We've been working on new simple, yet very effect renko trading strategy, via Skype, ff, etc, which should also be very ea trade-able. So please stay tuned...
  • #96
  • Nov 8, 2009 8:39am Nov 8, 2009 8:39am
There is an option missing in the poll:

"I use EAs for half-automated trading"

Drawing lines, ranges, times or other parameters of limited duration in the chart and then let the EA trade or manage existing trades according these parameters and then stop. This is IMHO the most important and most promising approach to automated trading.
  • #97
  • Nov 8, 2009 10:25am Nov 8, 2009 10:25am
Quoting 7bit
There is an option missing in the poll:

"I use EAs for half-automated trading"

Drawing lines, ranges, times or other parameters of limited duration in the chart and then let the EA trade or manage existing trades according these parameters and then stop. This is IMHO the most important and most promising approach to automated trading.
Great point evil Santa.
Probably too late to add it, but I'll look into it later.
  • #98
  • Nov 9, 2009 4:45am Nov 9, 2009 4:45am
45fxguy, having read the thread I think you win the prize for the most indicators ever presented in 7 pages ( joke).

Could I suggest a simpler approach that I think would work well in an EA but I have no programming skills.

At the risk of over simplifing and using only 3 indicators I suggest the following example

It uses a zig zag indicator which provides the direction, and a cross of 2 moving averages to provide the directional arrows.

The key to entry is to only trade in the direction of the zig zag and a cross over when the QQE is showing a cross in the same direction. From a visual backtest it avoids virtually all false entries and has a simple set of conditions to meet.


I will post indicators in following post.

rgds

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: simple renko for fractuals.gif Size: 52 KB
  • #99
  • Nov 9, 2009 4:58am Nov 9, 2009 4:58am
Post continued from previous post

The 3rd indicator is the ZIG ZAg_alert_only at turning points which I can't seem to find despite it being on my charts. ( vista does strange things). It has been posted easier .

Buy

Zig zag shows long
QQE above signal
MA shows blue arrow ( 3 crosses above 4)
Visually I also use a 5ema cross ( shift 2) to make it visually simple but not needed for an EA.

Exit when cross of ma ( usually start of 2nd block in opposite direction.

Its simple but I think good for an EA.

I have used 5 pip blocks but suspect 10 may be better for several pairs

rgds

Peter
Attached File(s)
File Type: ex4 QQE ADV.ex4   4 KB | 1,529 downloads
File Type: ex4 EMA Crossover.ex4   3 KB | 1,516 downloads
  • #100
  • Nov 9, 2009 5:15am Nov 9, 2009 5:15am
forgot to add exit on cross of QQE signal line

rgds
Peter
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