CoG + Ultra Trend System

Quick little update on those interested in the new system. The last SDL(100) trend change downward is now good for around 150 pips. You of course would have the option of exiting and re-entering on the HMA(10) pullbacks, but from the very inception it's good for 150. The DSS indicator needs a day to build, as I had to reform the chart and the past form was lost. It has restarted though from the end of yesterday into today. DSS is playing the role of when to exit/re-enter into an SDL(100) trend along with the HMA(10); sort of confirms a legitimate profitable exit and re-entry.

The more "risky" short entry is good for 145-150 atm, and the "safe" short entry is good for 110-115.

I wouldn't jump into a short right now though, as PA is hovering all the way down by MS3, and we haven't even seen a move to the upside. I expect a "retracement" or definite move to the upside today encroaching on the FPV-S1, which is about 45-90 pips above PA atm.

I am definitely up for giving it a good ride around the block

Looking forward to it

Brian

Hi
Can you share your indicators for renko system?

Here's the basic setup and explanation for the new Renko method. This is probably going to evolve into a different thread.

Additional Indicators

There is a possible SDL(100) change about to occur. Notice how PA and the HMA(10) are nudging up closer to the SDL(100). PA is at support as well, expecting a long.

Thanks, will try them

It seems we have breakout but SDLA is still in sell color.

I agree, we play the waiting game

It may take a couple bouncebacks before it changes.

It can happen on London opening.
Concerning the MM, what sl/tp do you use?

I normally setup a sl of 25-30 (5-6 Renko blocks). This helps weather the chop in a real trend change and should keep you profitable should it plateau. I make the stop-loss trailing by 15 pips (3 Renko blocks) as well. The TP I'm not so worried about. Having the trailing stop loss should maximize your trade should the SDL change again. It also enables good points to re-enter.

I am long e/u, lets see what will be next

What did you get in at? I got in @ 1.3487 when it official changed. My trailing stop loss got me out @ 1.3506, and the HMA(10) is on the move down. Good re-entry will most likely be when PA kisses the SDL.

I think we have a bit difference.
Here is what I have I entered a bit later



Can you show yours?

Looks like your broker is quoting to 5 digits. Mine quotes only to 4. I'm not sure how much this would change the scheme of things however. Your trade is only 2.x pips down; as I initially thought it was 2x pips down. I eyeballed it, and yours is only ever so slightly less sensitive than mine. Probably a result of the different pricing scheme, that accounts for the insignificant difference.

It is normal for the reto be a pullback after the SDL(100) changes...look at some of the past SDL(100) changes, and then the HMA(10) activity shortly thereafter. The system is designed to anticipate these HMA pullbacks, as they almost always happen; PA can't just keep on accelerating upward unabated!

We'll most likely realize our first new HMA(10) re-entry for the new SDL trend soon; that is unless PA and the HMA pierce the new SDL, changing it's trend again. The SDL(100) was chosen however for the fact that the vast majority of them consist of 35+ homogeneous, consecutive renko bars (thus a relatively large profit to that of a potential loss).

I agree about 5 digits. Also may be the difference that I use v3.2 of the script.

The v3.2 of LiveRenko? What are the differences between the two? Does the newer version account for candle wicks? I know there is a commercial version that is able to do this, but the free versions still are unable to my knowledge.

You're ok though, as the price reflections of the indicator chart values only vary from 1-2 pips on mine. Nothing to seriously undermine the system. You aren't using a commerical version of Renko are you? I'm looking into getting one to see if there are major changes in this system. If things get better I may not be able to post the update for free .

No I use free version, and yes wicks can be visible.
Here it is.

Hey guys....the weekend is coming up, and I was wondering if someone(s) might mind doing a little back testing of this method. Specifically, I would like a median and average for the amount of pips generated solely from SDL(100) deltas. In other words, the amount of pips from the beginning of a delta, to when the SDL deltas again (inter-delta).

From this I hope to devise a more precise entry and exit method should a consistent signal arise visualizing a SDL plateau (an SDL condition that is not necessarily a non-trade, but a lessened volume trade where profit maximization if more necessary than the higher volume, successful variety.

Nevertheless, I'll be tinkering with identifying plateau condiions early to get out sooner. I would appreciate the assistance though