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Renko Trading For Gamers (RTFG)

  • #701
  • Mar 3, 2010 10:28pm Mar 3, 2010 10:28pm
Quoting 45Fxguy
Think you need a lot more 1 min bars data to get more renko bars.

You can down load more via f2 or scroll your 1 min chart back several months and then reattach the renko chart making ea.
Not all brokers provide enough 1 min candle history either.
Hey Guys,
I've noticed that upon restarting MT4, my Trend Magic display looks wierd as attached. I have to manually delete then reattach it every time I restart before it looks more 'stable'. Wonder if anybody else is facing the same thing?

Thanks a lot.
Attached Image (click to enlarge)
Click to Enlarge Name: TM_wierd.JPG Size: 79 KB
  • #702
  • Mar 4, 2010 2:41am Mar 4, 2010 2:41am
hope everybody is making good pips with Petar's methods..

can somebody tell me please how can i get more history on my offline charts for m2, m10?????

thanx & GooD LuCk All
  • #703
  • Mar 4, 2010 4:44am Mar 4, 2010 4:44am
Quoting Pip26
hope everybody is making good pips with Petar's methods..

can somebody tell me please how can i get more history on my offline charts for m2, m10?????

thanx & GooD LuCk All
How far can you scroll back in your 1 min chart?
  • #704
  • Mar 4, 2010 4:47am Mar 4, 2010 4:47am
Quoting Pipster007
Hey Guys,
I've noticed that upon restarting MT4, my Trend Magic display looks wierd as attached. I have to manually delete then reattach it every time I restart before it looks more 'stable'. Wonder if anybody else is facing the same thing?

Thanks a lot.
I've noticed the issue more in supertrend than trend magic, maybe someone has some ideas. Sorry I don't know how to fix it.

Did you look in the eurgbp trend magic thread for an answer?
  • #705
  • Edited 7:38am Mar 4, 2010 4:54am | Edited 7:38am
Hey Petar can you take a look at this chart.
Does this look like a valid entry or did I just get lucky?
Attached Image (click to enlarge)
Click to Enlarge Name: did i get lucky.gif Size: 17 KB
  • #706
  • Mar 4, 2010 10:38am Mar 4, 2010 10:38am
Always show a 6 min 0-48 sec left...
Can this be fixed to show a right time, please?

Regardes
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 101 KB
  • #707
  • Mar 4, 2010 10:55am Mar 4, 2010 10:55am
Quoting xman
Always show a 6 min 0-48 sec left...
Can this be fixed to show a right time, please?

Regardes
Open a new chart without template and make your own. Renko isn't based on time so it doesn't even matter
  • #708
  • Mar 9, 2010 8:31am Mar 9, 2010 8:31am
Hi All,
Just wondering if anyone here experimented using M1 charts for trade entry and how do you manage exits? Am trying to use pandora and pipcleaner signals to look for entry in M1 based on a system from another thread but still looking for reliable exits on M1 charts to maximise pips when the entry is right. I will be very grateful if anyone here can point me to a method/thread u might be using to ride the trend on M1 charts.

Happy pipping,
P07
  • #709
  • Mar 9, 2010 12:49pm Mar 9, 2010 12:49pm
Quoting Pipster007
Hi All,
Just wondering if anyone here experimented using M1 charts for trade entry and how do you manage exits? Am trying to use pandora and pipcleaner signals to look for entry in M1 based on a system from another thread but still looking for reliable exits on M1 charts to maximise pips when the entry is right. I will be very grateful if anyone here can point me to a method/thread u might be using to ride the trend on M1 charts.

Happy pipping,
P07
Was working on a Dr Bob CCI template today, I hadn't tried it on on a 1 min charts before, but doesn't look bad.
Attached Image (click to enlarge)
Click to Enlarge Name: my dr bob template.gif Size: 24 KB
  • #710
  • Mar 9, 2010 10:00pm Mar 9, 2010 10:00pm
Quoting 45Fxguy
Was working on a Dr Bob CCI template today, I hadn't tried it on on a 1 min charts before, but doesn't look bad.
Hi 45,
Thanks for yr reply. Would you mind posting the tpl as I'm not familiar with that system?

Regards
  • #711
  • Edited 9:20am Mar 10, 2010 8:06am | Edited 9:20am
Quoting Pipster007
Hi 45,
Thanks for yr reply. Would you mind posting the tpl as I'm not familiar with that system?

Regards

Here's a thread where I first learned about it some time ago.
http://www.forexfactory.com/showthread.php?p=1427655
Think best to also use the template on 5 min up to at least 30 mins, as well as have a renko template and setup for confirmation on at least 10 pip renko bricks.
I haven't used cci in a while, just it's always been one of my favorite scalping indicators so thought I'd take another look at it.

Entered this demo test trade last night before going to bed on 1 min chart but was also looking at this 15 min chart. Tp was 20pip sl was 30 so not quite 1:1 but worked out ok.
As you can see by the screen shot I was trying to jump in the trade a little early.

The 2ma cross indi is for alerts only. Let me know what you think about the channel ma crosses after you've had a while to test the setup.
That was kinda my own spin on it, along with following Petar's recent ideas within this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: my dr bob template 2.gif Size: 23 KB
Attached File(s)
File Type: zip ! # dr bobs 14 and 50 cci.zip   26 KB | 542 downloads
  • #712
  • Mar 11, 2010 1:54am Mar 11, 2010 1:54am
Quoting 45Fxguy
Let me know what you think about the channel ma crosses after you've had a while to test the setup.
That was kinda my own spin on it, along with following Petar's recent ideas within this thread.
Hi 45,
Thanks a lot for the tpl and explanation. Will test it out and report back how goes. BTW, can you recommend any good threads on FF that focus on M1 trading/scalping? At the moment, this is how I plan to trade as it hopefully helps to keep my SL closer than other M5/H1 methods I've used....Need to pickup some ideas.

Once again, thanks a lot for your assistance. Much appreciated.
  • #713
  • Edited 9:15am Mar 11, 2010 7:33am | Edited 9:15am
Quoting Pipster007
Hi 45,
Thanks a lot for the tpl and explanation. Will test it out and report back how goes. BTW, can you recommend any good threads on FF that focus on M1 trading/scalping? At the moment, this is how I plan to trade as it hopefully helps to keep my SL closer than other M5/H1 methods I've used....Need to pickup some ideas.

Once again, thanks a lot for your assistance. Much appreciated.
You are welcome...
Sounds good, I'm subscribed to a couple of M1 threads here's one of them.

http://www.forexfactory.com/showthread.php?t=187854

Here's one I still like to use on 5 min charts, or on renko 5-10 bricks, but have since changed to 5 sma instead of 8 since it reacts quicker, and also added demarker game over indi for fractal trend line breakouts.
I do keep a close eye on correlation of the 1 min charts etc, if I remember to use this template when scalping, & I usually regret it when I don't.
If one of the yen's going it's own way i'll wait a bit to enter, and sometimes find my exits the same way. Maybe safer to scalp with the main move of the day especially if correlation is in agreement on the daily.
I'll try posting a few entry and exit screen shots later of the same trade to give you a better idea how to use this setup.

http://www.forexfactory.com/showpost...2&postcount=91
Attached Image (click to enlarge)
Click to Enlarge Name: ! # a corrolation for yen sma 5 for 5.gif Size: 32 KB
Attached File(s)
File Type: zip ! # a corrolation for yen sma 5 for 5.zip   285 KB | 585 downloads
  • #714
  • Edited 12:38pm Mar 11, 2010 9:54am | Edited 12:38pm
Got a fresh one for you.

Could have entered a lot sooner but was editing my last post so took a late buy trade on the demark game over red trend line fractal break out.
CCI candles optional on this template I removed since I already have cci on the dxtrade indi and since the cci candles weren't keeping track very well with these 5 pip renko bricks for some reason, so you can delete that one and re save the template if you want to. Notice CCI entry was above 100 at time of entry and SMA 5 corrolation was in agreement 1 to 15 mins across all my yen pairs.
Scalper exit was when i saw that correlation was beginning to go south on the 1 min & CCI starting to drop below +/- 100, & HMA in color was turning red. The yen pair/crosses is in the multi indi below that's helping me to track the 5 sma on all the yen pair/crosses this broker has to offer. Which varies from broker to broker so your multi indi may need some manual adjustment, to match it up with all the ***/jpy pair/crosses you have.
& of course good mm and common sense must be applied to any scalping method you chose to use.
I entered a 1:1 tp30,sl 30, and modified/reset again near end of trade to 30/30 in case the trade keep going up I'd rode it up as long as possible. Then opened the tick chart's close window again to close trade manually on any sudden reversal trying to give back as few as pips as possible since it is a scalping method.
It can be very difficult to catch a whole movement, but as scalpers we can at least target the safer part in the middle.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ! # a corrolation for yen sma 5 for 5 buy.gif Size: 33 KB
Click to Enlarge Name: ! # a corrolation for yen sma 5 for 5 exit buy.gif Size: 36 KB
Click to Enlarge Name: ! # a corrolation for yen sma 5 for 5 chart after trade.gif Size: 36 KB
  • #715
  • Mar 11, 2010 11:49am Mar 11, 2010 11:49am
hello guys


I see very good setups in last 2 days if anyone work with this strategy feel free to post charts

THis is one example of eurjpy
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpytrades.gif Size: 46 KB
"Buy on fear, sell on greed !!!
  • #716
  • Mar 11, 2010 11:55am Mar 11, 2010 11:55am
I must say this have very good base for good trades for every day...I dont have time to trade smaller frames i trade large frames but you can test this and post you trades

I will post example how you can read Flatzone

Just look at Trend magic in 3 lines




Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpytrades1.gif Size: 49 KB
"Buy on fear, sell on greed !!!
  • #717
  • Mar 11, 2010 4:06pm Mar 11, 2010 4:06pm
Henry's new video.

http://www.newsprofiteer.com/currenc...est-usage.html
  • #718
  • Edited 7:14am Mar 12, 2010 6:47am | Edited 7:14am
Noticed a few things that maybe worth taking note of on my Dr Bob template.

Question, do you think it is a good idea to open a buy trade immediately after cci 14 v-spikes above the 250+ level line?
Attached Image (click to enlarge)
Click to Enlarge Name: ! # dr bob highlights.gif Size: 50 KB
  • #719
  • Mar 12, 2010 7:06am Mar 12, 2010 7:06am
Maybe another way of looking at it.

Please feel free to test this setup on any size renko bricks etc you see fit too.
Attached Image (click to enlarge)
Click to Enlarge Name: ! # dr bob with bb.gif Size: 36 KB
Attached File(s)
File Type: tpl ! # dr bobs 14 and 50 cci with bb.tpl   6 KB | 380 downloads
  • #720
  • Mar 12, 2010 7:23am Mar 12, 2010 7:23am
Looks like a pretty good template on h1 eurjpy.
Meant to say 215 pips on the screen shot, but may reach 250 this afternoon ny time.
Attached Image (click to enlarge)
Click to Enlarge Name: ! # dr bob with bb visual back test 1hr chart.gif Size: 39 KB
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