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Trading Renko

  • #381
  • Oct 20, 2009 9:13am Oct 20, 2009 9:13am
Quoting SwingMan
You've got me! But I think the CRB useful...
Long time no see...
  • #382
  • Oct 20, 2009 9:24am Oct 20, 2009 9:24am
Quoting SlushFund
Here you go.
Thanks for posting your indis SlushFund.
Think I have about a million indis & eas saved, but don't think I've seen two of those synergy ones before.

1st time really looked at it this morning looks like there has been some & continues to be some nice correlation between the yen pairs/crosses.
What's the difference between a pair & a cross anyway?
Attached Image
  • #383
  • Oct 20, 2009 9:48am Oct 20, 2009 9:48am
Quoting 45Fxguy
What's the difference between a pair & a cross anyway?
A pair is 2 currencies one of which is the USD.
A cross is where neither currency is the USD.

EURUSD is a pair
EURJPY is a cross.
  • #384
  • Oct 20, 2009 9:57am Oct 20, 2009 9:57am
Well, judging from the number of recent posts and the trading results we appear to have a winner in the Renko/HA approach.

A couple of thoughts:

Very similar to this:

http://www.forex-tsd.com/suggestions...ng-system.html

there is also a pirated version of the commercial script in the above thread but hopefully we all stay away from decompiled code...

It appears to me that if the TDI is used the Renko block size may need to be increased (depending on the currency pair). I like the Synergy method and the TDI indicator but it does introduce some serious lag into trading and may call for larger stoploss/takeprofit numbers.

All in all, looks like a very good use of Renko.

Great job people!
Old Benjamin was right
  • #385
  • Oct 20, 2009 10:00am Oct 20, 2009 10:00am
Quoting SlushFund
A pair is 2 currencies one of which is the USD.
A cross is where neither currency is the USD.

EURUSD is a pair
EURJPY is a cross.
Ok thanks, guess I need to review some more of those basic fundamentals.
Something else I'm bad at is, jumping in on a signal too late, & cutting my winners short instead of letting them run, but still getting a little better everyday.
Also tend to keep jumping in again after two or three winners in a row on the same pair/cross & having the last trade go against me, & this usually happens when I try to trade on Friday's after 11 am est & I'm trying to force a trade to reach my daily goal.
  • #386
  • Oct 20, 2009 10:28am Oct 20, 2009 10:28am
Quoting Lou G
I like the Synergy method and the TDI indicator but it does introduce some serious lag....
Lou, I wouldn't worry too much about lag. What's more important is to ask yourself, is this a high probability trade? There comes a point when excessive filtering will totally destroy a strategy as I've seen many, many times before.

What may seem to be lag is merely confirmation that market strength on a reversal is really established. Sure you can get in earlier, but it's just as likely to turn against you.
  • #387
  • Oct 20, 2009 10:36am Oct 20, 2009 10:36am
+17 on the Euro

Not much talk about pivots recently. Learn to trust them. Too much talk about indicators for my liking.

Time to read Page One again.
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Click to Enlarge Name: eurusd_td.gif Size: 34 KB
  • #388
  • Oct 20, 2009 10:41am Oct 20, 2009 10:41am
Quoting SlushFund
+17 on the Euro

Not much talk about pivots recently. Learn to trust them. Too much talk about indicators for my liking.

Time to read Page One again.
Speaking of indis, just one more question about yours, do you use all yours with their defaults settings?
  • #389
  • Oct 20, 2009 10:53am Oct 20, 2009 10:53am
Quoting 45Fxguy
Speaking of indis, just one more question about yours, do you use all yours with their defaults settings?
Good question. The TDI I posted and use is the original and is non configurable. So I use the default.

But you reminded me. I have another one which I am posting. You can change the settings and it has an audible alert when the rsi crosses the 50 line.
Attached File(s)
File Type: mq4 Traders Dynamic Index Alert.mq4   10 KB | 763 downloads
File Type: ex4 Traders Dynamic Index Alert.ex4   6 KB | 565 downloads
  • #390
  • Edited 12:10pm Oct 20, 2009 10:58am | Edited 12:10pm
Quoting SlushFund
Good question. The TDI I posted and use is the original and is non configurable. So I use the default.

But you reminded me. I have another one which I am posting. You can change the settings and it has an audible alert when the rsi crosses the 50 line.
Cool, but you know that's just like giving an alcoholic a bottle of booze don't you?
But here's the reason I was asking, see input settings for the LJ_SYNERGY_ID indi you uploaded?
I can't seem to find any settings yet to make it produce fewer signals arrows, please post your settings if find some good ones for it.

lol

PS:
Can you post an updated template when you have a moment?

Nice correlation of the usd pairs this afternoon too, currently retracing though.

Does anyone want to start a "Indioholics Anonymous thread", IA for short, or has that already been done?
Bet about a billion indis would be posted there though.

PSS:
eu/gu may break though that m2 line soon?
What do you think xB, Lou, anyone?
Guess everyone is done trading for the day, out to lunch, or off to bed.
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 51.gif Size: 29 KB
Attached Images
  • #391
  • Edited 12:45pm Oct 20, 2009 12:19pm | Edited 12:45pm
Quoting SwingMan
You've got me! But I think the CRB useful...
Did I miss something, with is the CRB?

Searched the thread for CRB, I think SM was the only one to mention it in this thread.

Does anyone know what CRB means?

Ok, think I might know what he's talking about after a quick google search, constant range bars.
He did send me a pm about it a week or two ago, I don't know of a free CRB indi or ea yet for mt4, so I still haven't
tried them.
Maybe SM thinks that crb charts offer some advantages over renko, but he hasn't mentioned exactly what they are yet.
  • #392
  • Oct 20, 2009 12:25pm Oct 20, 2009 12:25pm
Constant Range Bars
  • #393
  • Oct 20, 2009 12:35pm Oct 20, 2009 12:35pm
How much of a help is MTP renko. It seems to give me info. contrary to what's on the chart. If you check my posted chart it gives a sell for 20 pip block whereas it is a buy on the chart. Any comments ? How does one interpret this indi. Thanks
Attached Image (click to enlarge)
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  • #394
  • Oct 20, 2009 12:36pm Oct 20, 2009 12:36pm
Quoting altoronto
Constant Range Bars
Okay thanks, think I figured it out, not sure why it didn't click sooner, guess I though he was talking about an indicator instead of a chart type.

Here's a copy of the pm he sent me below in regards to my thread.
=====================================
Re: Fractal Zig Zag EAs on Renko Bricks
Thanks!

Maybe try you in the next time the same system with Constant Range Bars...
In the last days I checked visual a little scalping system, and I thing the ZigZag is also OK on the CRBs.

Regards.
  • #395
  • Edited 1:22pm Oct 20, 2009 12:48pm | Edited 1:22pm
Quoting Nagpada
How much of a help is MTP renko. It seems to give me info. contrary to what's on the chart. If you check my posted chart it gives a sell for 20 pip block whereas it is a buy on the chart. Any comments ? How does one interpret this indi. Thanks
Don't think I've ever seen it do that before, although I don't always keep an eye on it either.
Maybe it has a bug, has anyone else seen it do this on renko or regular charts?
What size bricks are you using?
If your using 10 then I think maybe it's ok, the longer term trend is heading south, but it's currently retracing north on the smaller bricks. Tried zooming out your chart?
Here's how it looks on mine, notice the pretty long down trend behind the current up trend?
Guess if you want to use it to trade with the longer term, or larger renko bricks you'd wait until the smaller bricks agree with the larger ones before you enter a trade.
Think forexflash created it, can you pm him about the problem?
Don't think I really trust it's built in trix indi, it never seems to agree with my DX trade info one.

edit:
uploaded better example screen shot
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 52.gif Size: 57 KB
  • #396
  • Oct 20, 2009 1:27pm Oct 20, 2009 1:27pm
Quoting SlushFund
Here you go.
Hi,
Thanks for you indis. I dropped the 2 LJ in one window.
Do they work along with another one cause I just have the gray crosses but no arrows?
Anybody a clue?
Thanks
  • #397
  • Oct 20, 2009 1:33pm Oct 20, 2009 1:33pm
Quoting don_choa
Hi,
Thanks for you indis. I dropped the 2 LJ in one window.
Do they work along with another one cause I just have the gray crosses but no arrows?
Anybody a clue?
Thanks
Think they can work independent of each other, have you tried changing the colors?
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 53.gif Size: 30 KB
  • #398
  • Edited 1:49pm Oct 20, 2009 1:38pm | Edited 1:49pm
Quoting 45Fxguy
Think they can work independent of each other, have you tried changing the colors?
Hi,
Thanks for your help.
I have tried changing colors and width of lines but no signals or arrows...
I have also restarted MT4 but still no signals.
Attached Image
  • #399
  • Oct 20, 2009 1:50pm Oct 20, 2009 1:50pm
I think you need to replace the Hieken Ashi posted earlier with this one. I had the same problem.
Attached File(s)
File Type: ex4 HeikenAshi_DM.ex4   3 KB | 620 downloads
  • #400
  • Oct 20, 2009 2:03pm Oct 20, 2009 2:03pm
Quoting Scottstone
I think you need to replace the Hieken Ashi posted earlier with this one. I had the same problem.

Whose posting is this a reply to ?


HA is being used all over but has anybody read the article at ensign charting where he goes on to prove that HA is a flawed concept. Intresting reading.
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