Renko Trading For Gamers (RTFG)

45Fxguy, thanks for your serious review and questions... Let me try my best. First I will add two more charts in order to show how I have been tinkering with the Renko... and CCI

I just use a simple 50 CCI (I have gotten all the indicators except PSAR from this thread, I think, but I will post as soon as I can get organized). By the way your work has really helped me to gain experience in downloading new indicators and working with MT4.... so I am still learning!

Anyway, as you can see from the attached... on GBP/JPY... the cross of the CCI 50 down under zero occurred before the Pandora's Box was complete. In the EUR/USD, that crossover occurred just after the box completed. At least that is my reading of Pandora pattern.

What is interesting, is that the crossover seems to take place at the same time as the crossover on the MACD and the RSI drop through 45.. I have drawn lime green lines to indicate this on both charts. (I did not take these trades, but am interested in the pattern for future reference.)

So the question for continued observation is this.... Is the CCI 50 crossover a duplication of the MACD and RSI indicators? At least we know, thus far, that it is a confirmation. I have not yet added a CCI 14 to Renko, in order to see if Dr. Bob's other trade signals work.. For example... I have had good success in Forex and Russell eMini with the false breakout idea... that is when the CCI 14 moves to plus or minus 100 and the CCI 50 stalls at zero.

Separately, I will post the indicator for PSAR alerts.

Once again, I hope you will be patient with me as I attempt to work with the Forum posting techniques. I will probably goof it up!

My only hope is that I may contribute some helpful ideas for others, as I have gotten so many in this thread.

As I mentioned, I found this indicator in another programming thread by simply searching the Forums for PSAR alerts.

I like this one because it can also send a text message to my cell phone.

I also believe it may better at calling directional change than the stock MT4 indicator with inputs of .02 and .2.... check that out for yourself, but I have found it quite accurate over the last three or four days of study.

I did not expand on my research of PSAR because this is probably not the thread for it.... but in a nutshell, I have found that after a PSAR "breach" or break... there is often a pullback.. If you can get an entry on this pullback close to the opposing PSAR dots... it makes for great risk/reward and limits stop loss exposure.

Hope this all helps. Once again, not sure how to put a link into that other thread.... sorry... and hope the indicators come through.

sorry... I forgot to say that this PSAR indicator is the one that created the purple and yellow dots on my CCI chart posted above.
I used a 34 (Brown) EMA with an 8 (Yellow) EMA...

Once again, the reason for discussing here is that I use both screens -- RENKO and simple bar chart -- as I monitor trade potential.

Good luck to all Renko Gaming Guys!

Thank you...

As Petar might say: I was sleeping when this trade opportunity popped up.

I will try not to bore the members with too many more posts... But as a follow-up to yesterday's discussion, here is this morning's EURJPY action.

Think it is interesting to note that the crossover of the MACD, the move of RSI above 55 and the crossover of the CCI 50... were all synchronized with a breakout of Pandora's Box.

In other words, when the first bar after the yellow vertical line closed above the lime green line (drawn as Pandora threshhold).. Time for an entry worth 50 pips. The move stalled at the bottom of the last Pandora box.

I will now "cease and desist."

Changed some of the colors to help show stronger moves in the cci histogram.
Darker colors may also help show off ranging areas as in screen shot below.

Don't forget to try and keep eye on cci divergence as well, can help to signal a ranging period or reversal ahead I do believe.

It probably won't hurt to add Lou's Renko s/r indi with autopivots2 either.
If not on the timed charts at least on the Renko.
I really need to finish watching Henry's videos on the newsprofiteer meter this weekend JPY was red and went 7+, EURO was yellow and 3+, JPY orange and currently 6.6 which so means it's consolidating I think someone told.
We need to full understand the color codes that Henry built into his meter to make the most of it I think.

Maybe someone will also lend me a hand in testing this setup in the vhands trading simulator, and post their results here over the weekend.
Either on 5 or 15 min charts, & you choose the pair/crosses too.

Screen shot is of 15 min chart by the way.

If you have a facebook account please login & join me in superhero city.

(AKA 45fxguy) defeated (AKA Muscle Man) in Superhero City!

http://apps.facebook.com/superheroci...ttle=156762167

This may be my new fav facebook game.

I'm at level 41, been playing it about 2 weeks now since cafe-world is kinda screwed up now.

Had to spank supermom too.

Hi 45fx,
I've seen the NP video from Henry. Certainly informative and I'm trying to see how to incoroprate into my trading. So far, have found that sometimes it keeps me from bad trades and at other times, it has kept me from taking some good trades too while waiting for meter to turn....so it's further testing for me at least.

Hello,

Again my Breakout System with Renko...

Gilbert.

Good trades,

Just keep good work



Cheers

Can you chare that indicator making the cloud? Thank you.

here it is[ATTACH]445199

First of all thank you Desander and I have question about ichi cloud, how you use it in trading? I presume only sell if price is below cloud? How many winner/losers ratio you have so far with this system?

Thank you in advance.

Hello,

The attached images speak for themselves...

If one wants this on his/her screen, here also the template.

Safe trading,

Gilbert.

PS. Ichimoku Cloud gives general SR image...

I try to include this pattern indicator into my Renko trading.
With nice results so far...

See attached charts from today

Gilbert.

PS. Reload the templated again, since i made the changes.

GBP/USD and EUR/JPY Buy signals @ 2-level from 123 Pattern today...

So, the trick is to place a Buy/sell order just above/below the 2-level of these formed patterns.
Use Buy/Sell Stop orders in MT4 !
I personally allways set a TP @ 20 pips

See picture

Gilbert.

Hi Gilbert,

Thanks for posting that 123 indi, I hadn't really found one yet that I was happy with. Looking forward to forward testing it in the coming weeks ahead.
Thanks for helping to keep this thread alive and for helping to take it onto the next level.
I also like the cloud addition used in combo with the renko s/r indi, I was using the THV version on another template, but hadn't really thought about adding it to Petar's/xB's templates yet.
Think about the only thing I'd add to it at this point is the autopiviots2, but otherwise seems like a pretty complete all purpose setup.
Think you just mentioned your tp is 20 pips, but don't know if you mentioned your stop-loss yet, if you already have, I'll go backwards and find it.
Thank's again, I think Petar should make you an official RTFG gamer/team member. Congrads...
By the way, what art program are you using to add the graphics to your screen shots? Looks very professional.
PS: Ever try using that blue TargetH0 line?
Right now it's showing 122.76 on eurjpy, does that mean the 123 indi is predicting the price to go back down that low?

Last check now showing a target of 123.94...

Hi 45fx,
I saw one of your post in another forum http://www.forexfactory.com/showthre...=200152&page=5

that you use the "kino_T3MA ribbon filled" in your setups. I use this a lot too for M1 scalping and it has been working fine on my fxdd MT4 build 224 platform. Today, I updated my platform to build 225 and the ribbons don't display and in fact hangs the platform. Tried it on another platfrom (Onecfd MT4 build 225) and had the same problem. Wonder if you still use the indi and have this problem too. As I am not a coder, I really have no idea how to fix this problem. Been trying to get in touch with the creator (kinonen) for assisitance and hope that he or somebody else can fix this.

I attach the indi below for reference. Thanks a lot for any advice you may be able to provide.

Regards,
P07