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  • #821
  • Nov 30, 2009 4:59am Nov 30, 2009 4:59am
Quoting 45Fxguy
Seems to work fine on renko_ashi chart script, there must be a major difference in the way they are coded, &/or generate the renko charts.
Don't mean to beat a dead horse here, but think you maybe over looking something.
Try this one.
I will never use a free and "not real" Renko chart for trading.
On every Renko chart - Tradestation or others - ATR can not work per definition.
An ATR(21) for instance is (high1-low1) + (high2-low2)........ / 21

What's so hard to understand that ATR is the average of x Period candle size, and a renko candle is always the size you give it.

If you use a "fake" renko script it is just imitating renkos, but is still taking the data from the real chart behind the script.

In this case you can use it... sure.
On my Renko chart it is always giving the same value as there is no difference in range.
"The only successful substitute for brains is silence."
  • #822
  • Edited 5:53am Nov 30, 2009 5:02am | Edited 5:53am
Quoting DXTrade
I will never use a free and "not real" Renko chart for trading.
On every Renko chart - Tradestation or others - ATR can not work per definition.
An ATR(21) for instance is (high1-low1) + (high2-low2)........ / 21

What's so hard to understand that ATR is the average of x Period candle size, and a renko candle is always the size you give it.

If you use a "fake" renko script it is just imitating renkos, but is still taking the data from the real chart behind the script.

In this case you can use it... sure.
On my Renko chart it is always giving...
Ok, just trying to understand ATR a little better I guess, & was wondering why we were seeing different values for ATR on the same chart.
Thanks a lot for your help.
Appreciate it more than you know.
  • #823
  • Nov 30, 2009 5:49am Nov 30, 2009 5:49am
Quoting 45Fxguy
Ok, just trying to understand ATR a little better I guess, & was wondering why we were seeing different values for ATR on the same chart.
Thanks for your help.
Actually I wasn't really precise.
A 10 pip renko brick has not a range of 10 pips. My mistake.
The possible range is 28 pips (10 for the brick plus 9 pips up and down) before forming another candle.
That's why my indi on a 10 pip renko is showing values between 14 and 16, no matter what ATR period you put as this is the average range.

But this is definitely nothing to base a trade on.

This would only be possible if you code something including the range and the time of a renko candle.

Lot of work for small effect as I can - in this case - just open a normal chart
"The only successful substitute for brains is silence."
  • #824
  • Nov 30, 2009 5:53am Nov 30, 2009 5:53am
Quoting 45Fxguy
When you say SMI has a bug, exactly what do you mean?
I didn't see any errors or warnings when compiling the SMI code you uploaded.
Does that mean the "DxTrade Nitro indi", has a bug in it too?


Can someone remind me what Renko brick sizes is supposed to be used when trading Nitro style?
& Has anyone tired using ATR to determine renko brick sizes to use yet?

Maybe one more thing Chris, would you recommend the defaut SMI settings in DXtrade's nitro dashboard be used in the other indi you posted, & if so on which renko brick size & with or...
I'm saying that my SMI has a bug because it plots the past but doesn't plot right in realtime...
IndexedmomentumK works fine and it's the same thing...

And then...i'm not suggesting any setting, i did find some setting that seemed to work fine with renko, but i'm not suggesting anything...
I'm not trading renko anymore...because, i say it again, is a lagging price indicator... and no indy can be applied to renko..because there is a double lagging issue... lag of renko and lag of indy...this is only my opinion obviously...
Market is like a puzzle, YOU have to fit the pieces!!
  • #825
  • Nov 30, 2009 5:59am Nov 30, 2009 5:59am
Quoting Chris_B
I'm saying that my SMI has a bug because it plots the past but doesn't plot right in realtime...
IndexedmomentumK works fine and it's the same thing...

And then...i'm not suggesting any setting, i did find some setting that seemed to work fine with renko, but i'm not suggesting anything...
I'm not trading renko anymore...because, i say it again, is a lagging price indicator... and no indy can be applied to renko..because there is a double lagging issue... lag of renko and lag of indy...this is only my opinion obviously...
Ok thanks Chris, think I remembered that after trying the indi again recently.
  • #826
  • Dec 3, 2009 6:46am Dec 3, 2009 6:46am
Would you please just do a version of the attached,
taking off the ATR and instead putting Momentum on.

I like this version on renko charts best
with the cci and other info here but just need
the momentum 4 info NOT atr.

thanks if you can please help?

Brian

Quoting DXTrade
Actually I wasn't really precise.
A 10 pip renko brick has not a range of 10 pips. My mistake.
The possible range is 28 pips (10 for the brick plus 9 pips up and down) before forming another candle.
That's why my indi on a 10 pip renko is showing values between 14 and 16, no matter what ATR period you put as this is the average range.

But this is definitely nothing to base a trade on.

This would only be possible if you code something including the range and the time of a renko candle.

Lot of work for small effect as I can - in this case - just...
Attached File(s)
File Type: ex4 DXTrade Info 45FXguy.ex4   9 KB | 733 downloads
  • #827
  • Dec 3, 2009 1:47pm Dec 3, 2009 1:47pm
i like this strategy

thx
  • #828
  • Jan 31, 2010 2:08am Jan 31, 2010 2:08am
Looks like this thread and system has died as well as the C4
tisk tisk tisk. They looked so promising on demo too.
  • #829
  • Jan 31, 2010 5:40am Jan 31, 2010 5:40am
Quoting tommbstone
Looks like this thread and system has died as well as the C4
tisk tisk tisk. They looked so promising on demo too.

just because people stop talking about it doesnt mean they arent trading it
i still use it
profitable yes
take time to understand it
it will work for you
  • #830
  • Feb 4, 2010 1:01am Feb 4, 2010 1:01am
well I thought I was rocken the c4 intro stragety until I took 2 SP loss hits in a row and wiped out my demo profits from my first 5 trades.

Guess I need more pratice.
  • #831
  • Feb 5, 2010 8:24am Feb 5, 2010 8:24am
Hi:

C4 has great merit, but it is unfinished I think.

Trt:

Use Heiken Ashi Candles. I color code the candles and the indicators and the MA's to match. Helps the eye catch what you need to.

Use Slope Direction LIne2 set at your chart TF

Use Magnified Market Price set at 20

Use BarClock - shows how mutch time is left the candles

Use PriceB_Clock shows how mutch is left for the broker time and your Bar time in relation to each other.

Use DamonsmNonLagMa_v1 Color code to match the candles it will hug the move until it shows yellow and is done.

Use ParabolicSAR Color - Alert - Match color with Candles Leave the Yellow change part of the indicator the same


Use Gann ZigZag on Light Blue dotted line

Use Trend Magic Make colors so you can see the progressions as it changes.

This is all on price. Sounds like a lot and it is, but you can read it well.

The only indcators at the bottom of your scxreen are:

Stochastics Oscillator 533 laid over a SmSuper Trix_PV_4col

Use one 5mChart with this template on it ,taking half the screen on the top of the screen you have

Put a 15m chart with this template taking the bottom half of your screen
right under the 5m chart. You must be able to size your chart

As you see the 15 chart change direction with the arrow, match the arrow on the price and take every same arrow change on the 5 min that match the 15m

You should make the indicators the same color as the candles and the Ma's should be the same color as the the candles.

Make the Stochastics indicator laid over the smal indicator a different color so you can see it well

The market will signal on the 15m in the trend of the day for you, then wait for the market to move the other way on the 5m agaisnst your 15mi and then enter when it signals the same move on the 5m that recycles the 15 min has shown. Every time the 15 trend signals on the 5m take the trade as per Edge.

I think it is important that you put the charts on top of one another. Different look than if you flip through it.

Remember:

The longer time fram on the bottom is going much slower in changes then the lower time frame.

Match the longer term with the shorter term, do not trade against the 15 m

Take every 5m that matches the 15m

Know the 1h direction

You can trade any two time frames you want this way.

Maybe this will help you Good Luch
  • #832
  • Feb 5, 2010 8:31am Feb 5, 2010 8:31am
Susan.

Maybe you can post a screen shot and a template.
Many newbies might be interested in setting it up on their chart, but get a bit overwhelmed by all you posted.
  • #833
  • Feb 5, 2010 9:10am Feb 5, 2010 9:10am
Sure, I will try.

I have an instruction from the past on how to do that.

It is overwhelming, I am sure

It is worth it I think.
To each his own anyway.

To

Respectfully, Susn
  • #834
  • Feb 5, 2010 11:41am Feb 5, 2010 11:41am
Susan.

If you have SKYPE, send me your ID and when we connect, I can talk you thru easily on how to do that.
  • #835
  • Feb 8, 2010 11:42am Feb 8, 2010 11:42am
Quoting SusanD
Hi:

C4 has great merit, but it is unfinished I think.

Trt:

Use Heiken Ashi Candles. I color code the candles and the indicators and the MA's to match. Helps the eye catch what you need to.

Use Slope Direction LIne2 set at your chart TF

Use Magnified Market Price set at 20

Use BarClock - shows how mutch time is left the candles

Use PriceB_Clock shows how mutch is left for the broker time and your Bar time in relation to each other.

Use DamonsmNonLagMa_v1 Color code to match the candles it will hug the move until it shows yellow and...
Hi Susan
Where did u find Damon nonlag MA? I've googled and searched but cannot find it anywhere.
Would like to put up your indi's on a chart and try it out, but .....
Maybe you could attach them to a reply - would be VERY cool (.mq4's preferred)
Regards
Allan
  • #836
  • Feb 8, 2010 12:24pm Feb 8, 2010 12:24pm
look for Damon in the GU thread here on FF
  • #837
  • Feb 9, 2010 7:37am Feb 9, 2010 7:37am
Soorry I am such a party pooper.

Thanks for your help to all of us Freddy.

I am just not good at posting this stuff, I try and takes time that I am not successful with it.

It takes time from trading and no benefit and i have a medical issue to deal with as far as energy goes.

I have been working at this for 10 years.

It takes times and it is not easy.

Not impossible though.

I will keep posting.

The stochastic overlaid on the trix indicator is the best you are going to get to show you the cycles of the moves.

The Damoni non lag indicator with the Slope Firection Linev2 are very smooth over your candles. Leaving the yellow portion of the Damoni non lag indicator to show change of cycles coming. The moves cycles up and down the pivot lines in the direction of the daily.

I will try to show a chart.

I concentrate on the 15m time frame with the Daily Pivots on it.
  • #838
  • Feb 9, 2010 7:48am Feb 9, 2010 7:48am
Attached Image (click to enlarge)
Click to Enlarge Name: 5m chart.gif Size: 32 KB
  • #839
  • Feb 9, 2010 8:35am Feb 9, 2010 8:35am
SUSAN !!!!!!!!!!!

You little sweet rascal, YOU DID IT !!!!!

I am SOOOOO proud of you.

You make my 60th birthday now one to ALWAYS remember.

I know what you mean about medical issues, they come in time and are not always as easy to manage as they look like.

I am still experimenting with Renko and Ichi clouds, at times all trades well, at times it don't, but I think it is more the mentality of this trader then the system.

I some day you install Skype and add me to your list, we make a screen connection and I show you that it can be done with less indicators, but far more patience, which I don't seem to have too many of, lol.

Not posting that stuff here, would confuse newbies.

With a kiss from Mexico and good trades.
  • #840
  • Feb 10, 2010 3:33am Feb 10, 2010 3:33am
Thx,

Its going to take some time to digest how your using the sar and the ziz zag. i get the trx and the stoch good idea and they are saying the same thing.
Just trying to figure our the trigger points.

are you scaliping X# of pips?
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