M1 Mechanical Scalping System | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1M & 5M Scalping System (Scalping Paradise) 21 replies

Simple, pure mechanical H4-System, EA needed 70 replies

Two-Stroke System (Mechanical Price Action +300 pips per month) 118 replies

Mechanical System - Emotions Discussion 7 replies

Intraday Mechanical System Strategy 0 replies

Attachments: M1 Mechanical Scalping System
Exit Attachments

M1 Mechanical Scalping System

  • #21
  • Feb 4, 2010 4:27pm Feb 4, 2010 4:27pm
Also for the M2 chart, it doesn't matter when or how often I do Charts ---> Refresh. Nothing happens. The chart doesn't even scroll left. It's completely dead.

For the heck of it, I deleted the M2 chart, put up another M1 chart in its place, loaded the M2 offline template onto the new M1 chart, and bingo! All of the indicators appeared and the chart was alive.

What am I doing wrong with the M2 chart?
  • #22
  • Feb 5, 2010 1:25am Feb 5, 2010 1:25am
hi guys,
I Have been lurking in the background of this thread and noticed a couple of you are struggling with the renko charts, hope the attached file helps, I'm not the the creator so don't thank me for it I just borrowed it from the trading renko and renko block charts threads that i follow,

regards

doc
Attached File(s)
File Type: pdf Off-line_charts_FAQ.pdf   71 KB | 788 downloads
  • #23
  • Feb 5, 2010 2:29am Feb 5, 2010 2:29am
To All.

How to install...

1.Open M1 EUR/USD
2.Load M1 candlestick template
3.Attach Renko EA to M1 candlestick chart
5.Enable Expert advisor tab

6.Go to File->Open Offline-> Eur/Usd M2 and open it
7.Load template M2 offline

Let me know if this solve the issue.....
  • #24
  • Feb 5, 2010 2:56am Feb 5, 2010 2:56am
Quoting Dr.Scalpall
hi guys,
I Have been lurking in the background of this thread and noticed a couple of you are struggling with the renko charts, hope the attached file helps, I'm not the the creator so don't thank me for it I just borrowed it from the trading renko and renko block charts threads that i follow,

regards

doc
Dr.Scalpall

Thanks for this file and inks.

There is even an instructional video but not for this exact EA.

Wlfx:

I downloaded a RenkolivechartV1.6 it suppose to be the scrip version. As you can see it's working. That is, i got it installed.

its not what you have though. lll my candles are 2 pips as you can see.

Trying your way again now.
Attached Image (click to enlarge)
Click to Enlarge Name: not2nm3.gif Size: 18 KB
It's my price or no price at all!
  • #25
  • Feb 5, 2010 3:11am Feb 5, 2010 3:11am
Quoting Wlfx
To All.

How to install...

1.Open M1 EUR/USD
2.Load M1 candlestick template
3.Attach Renko EA to M1 candlestick chart
5.Enable Expert advisor tab

6.Go to File->Open Offline-> Eur/Usd M2 and open it
7.Load template M2 offline

Let me know if this solve the issue.....
Tried it but doesn't work...

I only get 59 bars and I can't load the template. if I do ill lose the 2min chart

the script did work though but doesn't look like yours. How many pips are your candles?

Script can be found here: http://www.forexfactory.com/showpost...&postcount=124

Don't forget to put it in the expert/script folder.

A video to explain; http://www.mqlservice.net/Films/CBR_...CBR_Renko.html

TNX to Dr.Scalpall who pointed me in the right direction of these files.

Wlfx: looks like im almost there...need some last pieces of advice buddy :-)
It's my price or no price at all!
  • #26
  • Feb 5, 2010 3:15am Feb 5, 2010 3:15am
Quoting 4extool
Tried it but doesn't work...

I only get 59 bars and I can't load the template. if I do ill lose the 2min chart

the script did work though but doesn't look like yours. How many pips are your candles?

Script can be found here: http://www.forexfactory.com/showpost...&postcount=124

Don't forget to put it in the expert/script folder.

A video to explain; http://www.mqlservice.net/Films/CBR_...CBR_Renko.html

TNX to Dr.Scalpall who pointed me in the right direction of these files.

Wlfx: looks like...
"I only get 59 bars"... It is because of your tick data, try to download ticks

Everything related to Renko block charts you can find in this thread
http://www.forexfactory.com/showthread.php?t=189584
  • #27
  • Feb 5, 2010 3:23am Feb 5, 2010 3:23am
Quoting Wlfx
"I only get 59 bars"... It is because of your tick data, try to download ticks

Everything related to Renko block charts you can find in this thread
http://www.forexfactory.com/showthread.php?t=189584
Ow thanks Ill have a look.

One more question for you. As soon as all the signals are there: Ill wait for a small pullback before I enter right?
It's my price or no price at all!
  • #28
  • Feb 5, 2010 4:11am Feb 5, 2010 4:11am
Update on post #1 - M1 Extreme Scalping
  • #29
  • Feb 5, 2010 4:21am Feb 5, 2010 4:21am
Quoting 4extool
Ow thanks Ill have a look.

One more question for you. As soon as all the signals are there: Ill wait for a small pullback before I enter right?
It is more safe to see pullback and rejection if direction starting to change, all depends how strong is trend. At point 3, PA can already continue its movement UP after a little retrace, though it is recomended to wait for a pullback.
Attached Image (click to enlarge)
Click to Enlarge Name: pullback.PNG Size: 20 KB
  • #30
  • Feb 5, 2010 6:52am Feb 5, 2010 6:52am
Quoting Wlfx
Update on post #1 - M1 Extreme Scalping
I guess you thought it was going to easy for us huh? Add a few different charts to the mix hehehe

Anyway, i got that script working perfectly. Still need to reload once in a while because he stops updating. but that's no problem.

No whats the story with these new charts? i see your rules but what els can you tell us about it.

are they to be used separately? What the idea behind it?


tnx again
It's my price or no price at all!
  • #31
  • Feb 5, 2010 11:35am Feb 5, 2010 11:35am
Quoting Wlfx
To All.

How to install...

1.Open M1 EUR/USD
2.Load M1 candlestick template
3.Attach Renko EA to M1 candlestick chart
5.Enable Expert advisor tab

6.Go to File->Open Offline-> Eur/Usd M2 and open it
7.Load template M2 offline

Let me know if this solve the issue.....
I did all of the above, plus downloading all of the available M1 history. Now my M2 chart still has only 128 bars. The DSS(8,13) and moving average(68) appear, but the NonLagMA_v7.1 does not -- even though it is listed in the indicators list that appears when I right click in the chart then left click on Indicators List.

I am trading in an IBFX demo account. Could it be a broker problem?

Help!
  • #32
  • Feb 5, 2010 11:47am Feb 5, 2010 11:47am
If I just can't ever get the M2 chart to work, do you suppose this system would work as well using the regular M5 chart instead of the M2 chart?

How about longer time frames? H1 and H4, or H4 and D1, or D1 and W1 for longer term/swing trading. Would this system be as effective as scalping M1 and M2?
  • #33
  • Feb 5, 2010 12:16pm Feb 5, 2010 12:16pm
Hi chaps,

"i only get 59 bars" - While i am no expert on the subject, try this! :

1- remove all instances of the renko scrip t ea etc whichever your using.
2- zoom out as far as you can on your 1m candle chart that you wish to apply the script, ea too.
3-press ctrl + home.
4-now apply your renko script/ea to the chart and wait for an incoming tick to generate a message in the top left of the window saying "renkolivechart.... EURUSD,M2 to view chart."
5- open the offline chart and voila!! you should have enough bricks to dam the nile with!!!!!.

if this fails try removing the EURUSD2.hst file prior to doing steps 1-5.

On the subject of renko, I really would recommend using the latest version of the ea which is v3.2 (which most people use and works perfectly). many bugs and fixes (like hanging and wierd looking data etc) were ironed out to get to this version thanks to the creators ellisedi, lou g and lastviking.If anyone wants to do a bit of homework on the background to the development of the renko ea they can follow the link below.

http://www.forexfactory.com/showthread.php?t=189584

hope this helps

the doc.
  • #34
  • Edited 1:29pm Feb 5, 2010 12:56pm | Edited 1:29pm
I finally got my offline M2 chart to work. Here's what I did:

1. Tools ---> Options ---> Charts tab
Change Max bars in history to 250000.
Change Max bars in chart to 250000.
Click OK.

2. Tools ---> History Center
Double click EURUSD to expand it.
Click on 1 Minute(M1) to highlight it.
Click Download. Wait a few minutes for the history to download, then click Close.

3. Delete all charts from the MT4 window.

4. Close down MT4.

5. Open MT4.

6. Attach EUR/USD M1 chart to MT4.
Attach the M1 candlestick template to the chart.
Attach the RenkoLiveChart_EA_v3.0 EA to the chart.

7. File ---> Open Offline
Double click EURUSD M2 to attach it to MT4.
Attach the M2 offline template to the chart.

8. Window ---> Tile Vertically or Tile Horizontally to view both charts at the same time in MT4's window.

I also find it easier to view the charts by clicking on the + sign magnifying glass once for each chart to zoom in a little bit.

Hope this helps.

Looking forward to experimenting with this system next week. Thanks to Wlfx for sharing it with us.
  • #35
  • Feb 5, 2010 1:43pm Feb 5, 2010 1:43pm
Quoting 4extool
I guess you thought it was going to easy for us huh? Add a few different charts to the mix hehehe

Anyway, i got that script working perfectly. Still need to reload once in a while because he stops updating. but that's no problem.

No whats the story with these new charts? i see your rules but what els can you tell us about it.

are they to be used separately? What the idea behind it?


tnx again
Quoting DennisL
If I just can't ever get the M2 chart to work, do you suppose this system would work as well using the regular M5 chart instead of the M2 chart?

How about longer time frames? H1 and H4, or H4 and D1, or D1 and W1 for longer term/swing trading. Would this system be as effective as scalping M1 and M2?
Idea behind this strategy/technique is to catch a possible trend. We must never trade against trend, mean never open sell if PA is trending UP or Buy if PA is trending DOWN. Staying with trend we can be wrong only once. If you are in an open position and somehow price do not act as a strong trend movement, do not hesitate to close your order at change of DSS color.

Carmen Eyes settings are optimized for M1 & M5 TF's. I do not trade higher TF's, not my style of trading. Also settings are only for EUR/USD.
  • #36
  • Feb 6, 2010 7:50pm Feb 6, 2010 7:50pm
Quoting Wlfx
Idea behind this strategy/technique is to catch a possible trend. We must never trade against trend, mean never open sell if PA is trending UP or Buy if PA is trending DOWN. Staying with trend we can be wrong only once. If you are in an open position and somehow price do not act as a strong trend movement, do not hesitate to close your order at change of DSS color.

Carmen Eyes settings are optimized for M1 & M5 TF's. I do not trade higher TF's, not my style of trading. Also settings are only for EUR/USD.

Please attached the Gann Hi-Low and specify the settings. Thanks
  • #37
  • Feb 7, 2010 2:07am Feb 7, 2010 2:07am
Quoting aelimian
Please attached the Gann Hi-Low and specify the settings. Thanks
It is already attached. Go to first post and download "M1 Extreme"
  • #38
  • Feb 7, 2010 6:57am Feb 7, 2010 6:57am
Hi

Can you tell me the Carmen Eyes settings - I don't use Carmen Eyes and I'm not familiar with what the settings should be. I don't see it on your template - how is it used?

Also, I'm not familiar with Renko Charts. It appears that the times are different on the 1 min & 2 min charts - Is that true or is that my eyes?

When interpeting from 1 min to 2 min, it looks pretty clear on the 2 min what we should do BUT sometimes the 1 min not so clear. Can you identify your entry criteria - I'm sorry to be so dense BUT I'm trying to learn. I can see why Renko Charts are so popular.

Thanks in advance for any help.

Jim (MrChips)
Jim (MrChips)
  • #39
  • Feb 7, 2010 2:38pm Feb 7, 2010 2:38pm
Wlfx,

Without wanting to be an ass and with all the respect, since the author of Carmen decided that the system didn't work what is the factor that you think is going to work in this system (Renko maybe)?

Regards,
Kostas
  • #40
  • Feb 7, 2010 9:21pm Feb 7, 2010 9:21pm
Quoting MrChips
Hi

Can you tell me the Carmen Eyes settings - I don't use Carmen Eyes and I'm not familiar with what the settings should be. I don't see it on your template - how is it used?

Also, I'm not familiar with Renko Charts. It appears that the times are different on the 1 min & 2 min charts - Is that true or is that my eyes?

When interpeting from 1 min to 2 min, it looks pretty clear on the 2 min what we should do BUT sometimes the 1 min not so clear. Can you identify your entry criteria - I'm sorry to be so dense BUT I'm trying to learn. I can see...
There is no time factor in Renko charts. Just pip movement in predetermined ranges. Here each block = 10 pips. basically thew one minute chart feeds the 2 minute chart with data with the script or EA.

Why 2 minutes? Because it's a non existing time frame in mt4. You could just as well use the 3 4 6 7 8 9 11 ect minute time frame.

There's a good link posted for more info by DR scalpall and Wlfx
It's my price or no price at all!
0 traders viewing now