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  • #621
  • Feb 18, 2010 7:38am Feb 18, 2010 7:38am
Pip26,
I don't think you followed the exact rules for making the support line of pandor's box on the eurusd screen shot, but looks like it still worked out well for you, congrads on the trades.
  • #622
  • Feb 18, 2010 10:25am Feb 18, 2010 10:25am
Quoting 45Fxguy
Pip26,
I don't think you followed the exact rules for making the support line of pandor's box on the eurusd screen shot, but looks like it still worked out well for you, congrads on the trades.
Thnx 45Fxguy, but can you highlight your points please?
  • #623
  • Feb 18, 2010 11:43am Feb 18, 2010 11:43am
Quoting Pip26
Thnx 45Fxguy, but can you highlight your points please?

Think I'll let Petar comment on your trades 1st, your pandor's box drawn correctly, may have been too large anyway to have taken the short which you caught.
You can read back over Petar's rules in post #1 if you like.
  • #624
  • Edited 7:31am Feb 19, 2010 5:20am | Edited 7:31am
Quoting Petar_Serbia
Tha isnt matter becouse you wait to finish bar,also trafic light is your triger for position and you look Velocity to confrim
Petar,
Maybe a better option for scalping than velocity is Fx Prime_v2 which is about 4 indis in one, & has selectable options in the input box, includes rsi, cci, adx, ema & angle.

Attached a couple other indicators that look pretty promising for alerts, general trend direction etc.

This template is on a 4 pip renko chart.
And trying ma applied price color in place of HA to see the actual renko bricks & wicks better. I think it can also be used to make breakout boxes with practice but I just put it together yesterday so not sure, but it's not really all that different from the last template you made Petar.

Just posting it here for anyone who wants to help me forward test it.

Probably will be safer to trade/scalp with the main move of the day as shown in the range text indi on left side of chart.
Think the template can be used on just about any size renko bricks, but maybe a good rule of thumb will be for safer early exits, exit on the color change of the faster ma color line.
Think maybe the advantage or disadvantage depending on how you look at it, of using the smaller renko bricks with this template maybe that it can make much tighter pandor's boxes, no puns intended.
Attached Image (click to enlarge)
Click to Enlarge Name: better option for scalping.gif Size: 35 KB
Attached File(s)
File Type: mq4 FXprime_V2 Final-JE.mq4   10 KB | 452 downloads
File Type: mq4 Live Charts Fib Pivots.mq4   17 KB | 426 downloads
File Type: mq4 # RANGE_TRADER_9.03 Labais53.mq4   10 KB | 462 downloads
File Type: mq4 RSI Custom.mq4   3 KB | 416 downloads
File Type: mq4 2MA Crossover.mq4   7 KB | 383 downloads
File Type: tpl ! # ma with applied price fibo s & r.tpl   11 KB | 398 downloads
  • #625
  • Edited 8:17am Feb 19, 2010 7:40am | Edited 8:17am
This is how the template looks on 32 pip renko bricks, for swing traders, or for scalping with the longer trends.

DaveW, are you still having success scalping with your nitro 1 edge.tpl?

Your mom 4 looks a lot like a qqe with stoch 5,3,3 on it.

eurjpy ranging too much, anything else moving today?
too much time to play with indis
Attached Image(s) (click to enlarge)
Click to Enlarge Name: better option for scalping 32 pip renko bricks.gif Size: 41 KB
Click to Enlarge Name: ! # 1 edge with stoch 5, 3, 3 on mom 4.gif Size: 17 KB
Click to Enlarge Name: ! # 1 edge with stoch 5, 3, 3 on mom 4 next to qqe.gif Size: 19 KB
  • #626
  • Feb 19, 2010 9:54am Feb 19, 2010 9:54am
Was entered on 4 pip renko, & 32 pip renko used to help confirm was trading with the long term trend.

& our box has a new top, will probably have a new bottom again very soon!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: took long enough.gif Size: 39 KB
Click to Enlarge Name: eurjpy has new box top.gif Size: 39 KB
  • #627
  • Feb 19, 2010 10:27am Feb 19, 2010 10:27am
Wow! Those are alot of indicators. The Range one is cool.
Quoting 45Fxguy
Petar,
Maybe a better option for scalping than velocity is Fx Prime_v2 which is about 4 indis in one, & has selectable options in the input box, includes rsi, cci, adx, ema & angle.

Attached a couple other indicators that look pretty promising for alerts, general trend direction etc.

This template is on a 4 pip renko chart.
And trying ma applied price color in place of HA to see the actual renko bricks & wicks better....
  • #628
  • Feb 19, 2010 11:20am Feb 19, 2010 11:20am
Quoting 45Fxguy
Was entered on 4 pip renko, & 32 pip renko used to help confirm was trading with the long term trend.

& our box has a new top, will probably have a new bottom again very soon!


YOu have colections of indicators on one chart
"Buy on fear, sell on greed !!!
  • #629
  • Feb 19, 2010 11:21am Feb 19, 2010 11:21am
Quoting Leche Mocha
Wow! Those are alot of indicators. The Range one is cool.
Yeah about 7 different indis, & some used more than once, but they don't take up much space on the charts so you can still see what's going on.
  • #630
  • Feb 19, 2010 11:24am Feb 19, 2010 11:24am
Quoting Petar_Serbia



YOu have colections of indicators on one chart


Yeah, probably don't need that many, just testing.
Some for alerts, others for general trend, so think all serve some purpose, but not sure what they are yet, is still new.
  • #631
  • Feb 19, 2010 11:27am Feb 19, 2010 11:27am
Quoting 45Fxguy




Yeah, probably don't need that many, just testing.
Some for alerts, others for general trend, so think all serve some purpose, but not sure what they are yet, is still new.
joke man

I will post some interesting indi for better confirmation on Pandoras scalping tehnique
"Buy on fear, sell on greed !!!
  • #632
  • Edited 12:07pm Feb 19, 2010 11:41am | Edited 12:07pm
Quoting Petar_Serbia
joke man

I will post some interesting indi for better confirmation on Pandoras scalping tehnique
ok firend,

Does anyone want to post an original pandor box temp for comparison?

Missed that last upper box breakout, had to step away for awhile.

If anyone following on p&f the new pandor box top was also identified as a triple top.

Will have to wait and see if it can break all the through that R2 line before market closes today.
Think i may put a pretty tight sl/tp on that one.




joke back @ you man, all in good fun...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy has new box top and bottom.gif Size: 34 KB
Click to Enlarge Name: pandor box sometimes a p&f entry too.gif Size: 24 KB
Attached Image
  • #633
  • Feb 20, 2010 7:38am Feb 20, 2010 7:38am
Quoting Pip26
Here are my 3 more entries, I left all other strategies to backtest as it is better for me to stick with 1 only and renko is best choice for now..

Thanx Petar
GooD LuCk for your more work.
Hello Petar,

Please post your comments on these trades.
May be my entries were not as much correct as it should be..... so want to learn more.

Thanx

Petar
&
45Fxguy
  • #634
  • Feb 20, 2010 8:10am Feb 20, 2010 8:10am
Quoting Pip26
Here are my 3 more entries, I left all other strategies to backtest as it is better for me to stick with 1 only and renko is best choice for now..

Thanx Petar
GooD LuCk for your more work.
Yea correct my friend,maybe just on first we have second but others is ok...
I testing some indicators to find much better place to place a trade we will see i dont have much time to that but i will try ...



Cheers
"Buy on fear, sell on greed !!!
  • #635
  • Edited 12:16pm Feb 20, 2010 8:14am | Edited 12:16pm
Quoting Pip26
Hello Petar,

Please post your comments on these trades.
May be my entries were not as much correct as it should be..... so want to learn more.

Thanx

Petar
&
45Fxguy
On second thought you may have formed the pandor boxes correctly just I can't scroll back your screen shots to see more history.
The rule I was referring to for a new high or low to count, the ha candle should close outside the baby bb lines not inside them.

Since I can't run accurately renko back test in the vhand trade simulator, I'm trying another variation of Petar's pandor breakout box on 15 min charts, seems to working out very well so far.
If you want to learn how to use it visit the VHands Trading Simulator thread.

Petar just wonder what do you think is the single most important thing you've learned in the last year that you feel has helped improve your trading the most?

Think I've noticed you usually like to alternate your trades if last was a short you look to go long next, does this help prevent over trading?

And do you practice this from one pair/cross to another?
i.e. If you went long on eurusd, and short on eurchf next, just as an example, don't think you trade one of these.
  • #636
  • Feb 20, 2010 1:05pm Feb 20, 2010 1:05pm
Quoting 45Fxguy
On second thought you may have formed the pandor boxes correctly just I can't scroll back your screen shots to see more history.
The rule I was referring to for a new high or low to count, the ha candle should close outside the baby bb lines not inside them.

Since I can't run accurately renko back test in the vhand trade simulator, I'm trying another variation of Petar's pandor breakout box on 15 min charts, seems to working out very well so far.
If you want to learn how to use it visit the [url="http://www.forexfactory.com/showthread.php?t=60849"]VHands...
Look 45fxguy my friend

I read some books,wathced some courses and also include my creativity.One multi-milionaire said there is no trend,trend is a past and trade just what you see,dont trade during the important news dont go in trade if you dont have a setup,if you dont have a setup that day just turn off computer and go fishing..As i said in future i will try to improve this Pandoras Box method with one or two indis wich can help.This method is based on one old strategy form milionaire but he worked on 15 chart and witn candles but similar princip.I think this Pandora sitem hve great potencial to be very very profitable system...

I am glad to see you guys earned on this sistem just keep...
"Buy on fear, sell on greed !!!
  • #637
  • Feb 20, 2010 3:07pm Feb 20, 2010 3:07pm
Quoting Petar_Serbia
Good trade

I also work on second scalp-day method based on Renko princip with Tudor Velocity and Trafic Lights

This is some examples for this month >
Hi Petar... Please could you direct me to the correct version of Traffic Lights Indicator and Tudor Velocity that you use for this system. I think it works very well on a 2 pip Renko chart.

Best,

Tim
Devon, UK.
  • #638
  • Edited 9:38pm Feb 20, 2010 9:09pm | Edited 9:38pm
Quoting hazel1919
Hi Petar... Please could you direct me to the correct version of Traffic Lights Indicator and Tudor Velocity that you use for this system. I think it works very well on a 2 pip Renko chart.

Best,

Tim
Devon, UK.
Tim,
TG Velocity is from the binned c4 thread.
I'll post it here for you, I haven't found the Traffic light indi yet so will let Petar respond to that one, but think he's still testing his new setup.
I did find Pj-overRSI @ tsd forum looks pretty good also, so far haven't noticed any repaint in simulator back test. Just thought I'd throw it out there too for further test.
The SSL Bar 3 from THV seems good for shorter term trend confirmation.

Think this maybe the first thread that may help finally find a really effective scalping method to use on renko charts, so good to have some fresh eyes looking at some of these old indis on renko again, lets finish the job here.
Picture worth a thousand words.
30 min chart in simulator vhands back-tester this weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: 30 min chart in simulator.gif Size: 71 KB
Attached File(s)
File Type: mq4 smSwingMan Vorticity.mq4   4 KB | 538 downloads
File Type: ex4 TudorGirl_Vorticity_2 (2).ex4   3 KB | 475 downloads
File Type: mq4 Pj-over RSI.mq4   3 KB | 459 downloads
File Type: mq4 SSL_fast_sBar_alert_mtf.mq4   5 KB | 562 downloads
  • #639
  • Feb 21, 2010 8:30am Feb 21, 2010 8:30am
Quoting 45Fxguy
Tim,
TG Velocity is from the binned c4 thread.
I'll post it here for you, I haven't found the Traffic light indi yet so will let Petar respond to that one, but think he's still testing his new setup.
I did find Pj-overRSI @ tsd forum looks pretty good also, so far haven't noticed any repaint in simulator back test....
Thanks for the attachments...

I scalping on 2 pip EURUSD Renko... using MT4 for the set ups and pulling the trigger on Oanda. I aim for a modest 15 pips per day... average 5 trades per day... which equates to a 4/5% increase in the capital per day. Rarely do I let a trade go into minus 5 pip territory. With this tight control I have managed to double my real (albeit small) account in four weeks.

Check out the Candle Eats Candle indicator (credits to Theo at Electrolegal) This points out over-reaching candles very clearly on Renko.

All comments welcome...
Attached File(s)
File Type: ex4 ATM_Pure_CEC.ex4   10 KB | 440 downloads
File Type: mq4 ATM_Pure_CEC.mq4   8 KB | 555 downloads
  • #640
  • Edited 6:18pm Feb 21, 2010 10:07am | Edited 6:18pm
Quoting hazel1919
Thanks for the attachments...

I scalping on 2 pip EURUSD Renko... using MT4 for the set ups and pulling the trigger on Oanda. I aim for a modest 15 pips per day... average 5 trades per day... which equates to a 4/5% increase in the capital per day. Rarely do I let a trade go into minus 5 pip territory. With this tight control I have managed to double my real (albeit small) account in four weeks.

Check out the Candle Eats Candle indicator (credits to Theo at Electrolegal) This points out over-reaching candles very clearly on Renko.

All comments...
hazel1919 thanks for posting,
sounds good, had that one in my downloads folder, but hadn't look at it yet.
Do you use it's default settings & do you have a template you'd like to share, with filters etc?


Your mm method etc sound a lot like c4/nitro except for the very tight stop loss, can you trade it when the market is moving quickly, and do you also use it with correlation, &/or a higher renko brick trend confirmation?

thanks again...

PS:
Attached a quick 10 scalp on 2 pip renko bricks, but did confirm an uptrend beforehand on other renko & daily charts, 4 to 32 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: quick 10 scalp.gif Size: 69 KB
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