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  • #821
  • Apr 29, 2010 12:12pm Apr 29, 2010 12:12pm
Quoting Petar_Serbia
Hmm very good idea for scalp do you know rules ? TP,SL ...


Cheers
Well Petar,

I would focus first on the lowest DSS-indicator (Double Smoothed Stochastics)
Enter when DSS leaving the 20/80 level AND Price leaves SR.
SL on SR levels (yellow lines)
TP as soon as DSS dots change color...

Gilbert.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-29_1913.png Size: 80 KB
  • #822
  • Apr 30, 2010 4:33am Apr 30, 2010 4:33am
I got etered bit late but overall in profit.
I put 25 Trailing stop lets see where it goes
Attached Image (click to enlarge)
Click to Enlarge Name: ejm2.gif Size: 18 KB
  • #823
  • Apr 30, 2010 6:45am Apr 30, 2010 6:45am
Quoting Pip26
I got etered bit late but overall in profit.
I put 25 Trailing stop lets see where it goes
Closed at +51
  • #824
  • Edited 12:57pm Apr 30, 2010 12:45pm | Edited 12:57pm
This is a very good start... lots of potential
to easily revise (for those who wish to do so)

I use 5 tic renko and just wanted to recommend
checking 8/8 on the dss. I would not want to
get out of a trade too prematurely but I prefer
tighter stops and getting in and out with
more overall profits to letting good pips
go away... 8/8 is very accurate on the 5 min to
when a trend is likely to end (at least end enough
for the time being)

Also I use a certain momentum and rsi 20
as well to confirm the trade is in harmony
with the "longer" trend. PS I also use
mtf adx myself.

Brian
Quoting desander
Well Petar,

I would focus first on the lowest DSS-indicator (Double Smoothed Stochastics)
Enter when DSS leaving the 20/80 level AND Price leaves SR.
SL on SR levels (yellow lines)
TP as soon as DSS dots change color...

Gilbert.
  • #825
  • Apr 30, 2010 12:59pm Apr 30, 2010 12:59pm
Here is a good DSS by the way that alerts on
color change, in case someone finds it useful.

Brian
Attached File(s)
File Type: mq4 Robby DSS Bressert Colored with alert v1.1.mq4   4 KB | 737 downloads
  • #826
  • Apr 30, 2010 5:04pm Apr 30, 2010 5:04pm
Quoting golden1
This is a very good start... lots of potential
to easily revise (for those who wish to do so)

I use 5 tic renko and just wanted to recommend
checking 8/8 on the dss. I would not want to
get out of a trade too prematurely but I prefer
tighter stops and getting in and out with
more overall profits to letting good pips
go away... 8/8 is very accurate on the 5 min to
when a trend is likely to end (at least end enough
for the time being)

Also I use a certain momentum and rsi 20
as well to confirm the trade is in harmony
with the "longer" trend. PS...
Thanks for the 8/8 settings on the DSS-indicator.
It's more accurate now!

Gilbert.

PS.

Can you drop your template please...and your indicators.
  • #827
  • May 1, 2010 4:12am May 1, 2010 4:12am
Hello Petar,

Just found a thread on FF about a decent (new) SR indicator.

Click HERE

Think we can use this one, if set properly for Renko as our own High/low levels, used on Pandora's Box template. (manually drawn lines)

I allready tried a different setting (see attached chart) but maybe you have more experience to come to a better one. Post #10 clarifies some possible settings.

Gilbert.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-05-01_1052.png Size: 74 KB
Attached File(s)
File Type: ex4 Recent SR.ex4   44 KB | 709 downloads
File Type: tpl RenkoDSS.tpl   4 KB | 535 downloads
File Type: pdf Instructions Recent SR indicator.pdf   112 KB | 1,299 downloads
  • #828
  • May 1, 2010 5:09am May 1, 2010 5:09am
Just found also this nice and decent News indicator from the same author.

News Indicator

Gilbert.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-05-01_1156.png Size: 58 KB
Attached File(s)
File Type: ex4 Recent News.ex4   62 KB | 665 downloads
File Type: pdf News indicator.pdf   88 KB | 1,279 downloads
  • #829
  • May 1, 2010 1:11pm May 1, 2010 1:11pm
Well I will post a screen shot of some trades first to
see if there is any interest, but you can get the
idea of what I am doing. I am looking for the sweet spot
of trades not the top or bottom so I have my charts
setup for that.

Part of that is mom 16.. the trade has to be in the direction
of the mom 16, above/below the up down level lines
but also I don't take trades on crosses, ie where the
mom 16 is crossing to agree with the trade, mom 16
has to have been on the correct side of the mom filter
a few bars before the trade comes... helps greatly with
whipsaw situations.

You miss some big sudden trades, but the net pips
in your account are much better!

Don't want to post more anyway unless Peter
invited, its his thread and setup.

All the best

Brian
Attached Image (click to enlarge)
Click to Enlarge Name: golden1 renko setup1.gif Size: 53 KB
  • #830
  • May 1, 2010 11:55pm May 1, 2010 11:55pm
Just found these two indicators and added to my chart...

Gilbert.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-05-02_0646.png Size: 87 KB
Attached File(s)
File Type: mq4 fibocalc_V31.mq4   12 KB | 596 downloads
File Type: mq4 CycleIdentifier.mq4   14 KB | 665 downloads
  • #831
  • May 9, 2010 12:18pm May 9, 2010 12:18pm
hello guys,

I wasnt at home

Anyone trade Renko tehniques ?



CHeers
"Buy on fear, sell on greed !!!
  • #832
  • May 9, 2010 4:11pm May 9, 2010 4:11pm
Quoting desander
Just found these two indicators and added to my chart...

Gilbert.
If I remember correctly that cycle identifier Indy repaints, but can still help identify new hi/lows sometimes.
  • #833
  • May 11, 2010 2:25am May 11, 2010 2:25am
this was a nice move this morning. Anyone got this.
kudos to petar serbia for this great technique
Expecting more from you ,petar
Thanks a million times
Attached Image (click to enlarge)
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  • #834
  • May 11, 2010 7:37am May 11, 2010 7:37am
Hi!

Does anybody uses the Pobeda method? Did anybody have any results with it? Also I didn't quite understand when is the re-entry possible?

Thank you!
  • #835
  • May 11, 2010 8:04am May 11, 2010 8:04am
Quoting paulson
this was a nice move this morning. Anyone got this.
kudos to petar serbia for this great technique
Expecting more from you ,petar
Thanks a million times
You are welcome poulson

I am very very busy right now but when i find time i will improve strategy,that strategy have great potencial...


Cheers and happy piping
"Buy on fear, sell on greed !!!
  • #836
  • May 12, 2010 3:45am May 12, 2010 3:45am
Quoting paulson
this was a nice move this morning. Anyone got this.
kudos to petar serbia for this great technique
Expecting more from you ,petar
Thanks a million times
Has anyone tested this one on the Renko Range bars yet?
  • #837
  • May 12, 2010 1:17pm May 12, 2010 1:17pm
Quoting 45Fxguy
Has anyone tested this one on the Renko Range bars yet?
What is the difference btw renko range bar and renko bar.
Sorry i'm a bit confused
  • #838
  • May 13, 2010 12:51am May 13, 2010 12:51am
Quoting paulson
What is the difference btw renko range bar and renko bar.
Sorry i'm a bit confused
The renko range bars will show a side ways / ranging market better without using indicators.

You'll see more up down bricks side-by-side with them than you can see with regular renko bars, so s/r levels may be a little more defined, and I think that the price doesn't have to travel quite as far for a brick to be formed like with range bars.
Maybe Chris_B will explain in better detail if he stops by, since he was the one that coded it. As far as I know this chart type didn't exist before he made it.
  • #839
  • May 13, 2010 4:31am May 13, 2010 4:31am
I made this trade today with 1:1 ratio. I can keep it run more but was away so put risk reward on same ratio.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eupipcleaner.gif Size: 24 KB
Click to Enlarge Name: eupipstment.JPG Size: 7 KB
  • #840
  • May 13, 2010 4:32pm May 13, 2010 4:32pm
Quoting Pip26
I made this trade today with 1:1 ratio. I can keep it run more but was away so put risk reward on same ratio.....
Luv it! Great trade Pip26.
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