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Renko Trading For Gamers (RTFG)

  • #1,001
  • Jun 24, 2010 4:32am Jun 24, 2010 4:32am
Quoting Tal1983
I'm sorry but i don't see it
Check PM i send you...
"Buy on fear, sell on greed !!!
  • #1,002
  • Jun 24, 2010 4:45am Jun 24, 2010 4:45am
Quoting Petar_Serbia
Check PM i send you...
Thanks a lot! i'm adding you right now!
  • #1,003
  • Jun 24, 2010 5:54am Jun 24, 2010 5:54am
Quoting guegaber
Hello Mihailo, hello every member

I would like to thank Mihailo...
Hello guegaber
do you have skype/MSN messenger please? i need to ask you some questions
  • #1,004
  • Jun 24, 2010 8:39am Jun 24, 2010 8:39am
Quoting desander
Rules on attached chart.
Needed indicators and template included.

Gilbert.

Keep it stupid simple...
I've tried your template on a few my charts and like the way it looks on the 25, which is my preferred renko box size. Anyway, is there any reason for the ICHI indicator on there? Seems to serve no purpose with the rules you posted and the system appears at least visually to not need it.
  • #1,005
  • Jun 24, 2010 4:26pm Jun 24, 2010 4:26pm
Support line finally broke near the weekly R1 line.
I added the ffxcal indi after I opened the trade so didn't know that news was coming so soon after I entered or I probably would have waited instead of risking my sl. Think I'll keep that indi on this charts for now on since it does seem to give a pretty good heads up on upcoming news releases.
Attached Image (click to enlarge)
Click to Enlarge Name: renko sr 9 pip renko range bars 3.gif Size: 32 KB
  • #1,006
  • Jun 24, 2010 7:00pm Jun 24, 2010 7:00pm
Quoting 45Fxguy
Are you also going to be testing it on Renko Range bars or just regular renko for now?

The following trade was taken early because was testing a different indi on a different renko bar chart/size, but this entry & exit looks very clear to me where the vertical line is on 9 pip renko range bars.
No buddy,

For now, I only want to keep this template running on regular Renko Bars.
I preffer size 4 pips for short in- and out.

Why did you took that short position long before the SR Congestion was broken ?

Gilbert.
  • #1,007
  • Jun 24, 2010 7:03pm Jun 24, 2010 7:03pm
Quoting Zurathustra
I've tried your template on a few my charts and like the way it looks on the 25, which is my preferred renko box size. Anyway, is there any reason for the ICHI indicator on there? Seems to serve no purpose with the rules you posted and the system appears at least visually to not need it.
The Ichi-indicator just gives me a general idea of where PA is...
Under the cloud = negative
Above the cloud = positive
But has indead nothing to do with my trading rules.

Gilbert.
  • #1,008
  • Jun 24, 2010 7:19pm Jun 24, 2010 7:19pm
Quoting desander
No buddy,

For now, I only want to keep this template running on regular Renko Bars.
I preffer size 4 pips for short in- and out.

Why did you took that short position long before the SR Congestion was broken ?

Gilbert.
As stated in the post, the trade was taken on a different template and brick size I just loaded your template after the trade was already in profit to see how it would look.

& the last trade I posted it did look like the price and dropped below the SR congestion line, but bounced above before the bar had finished closing & right before the news release.
  • #1,009
  • Jun 24, 2010 8:16pm Jun 24, 2010 8:16pm
No longer using SuperSR6 indicator...

Gilbert.
Attached Image (click to enlarge)
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  • #1,010
  • Jun 24, 2010 11:46pm Jun 24, 2010 11:46pm
Nice. It looks like you're entering on the horizontal lines and exiting - in most cases - on the first color change of the renko box.

I need to go back and look at your setup and test this to see if it fits what I like to do. I'm currently testing 5! with success. I'm also going to test some of the longer term systems too...Petar's and 45fxguy's probably.

So many systems in this thread and not enough time!
  • #1,011
  • Jun 24, 2010 11:50pm Jun 24, 2010 11:50pm
Quoting desander
No longer using SuperSR6 indicator...

Gilbert.
Can you post the tp/sl ea & settings you are using in it?

It looks like you may have came up with a nice scalper method for 4 pip renko bricks desander, which I don't think is very easy to do. The consolidation break out indi reminds me a lot of Lou's Renko s&r indi but think it does behave a little differently. Have you compared the two much?
Can you post some of your demo test trades you've actually taken using this method, by drag and dropping them on to charts from your account history, before taking a screen shot?
I've noticed that with the HA candles indi on the renko bricks it's hard to see when a brick has completed and you can jump into a trade too soon before a support line is completely broken. I think the SuperSR6 gives a little extra insurance that the fractal s/r lines are fully broken before a trade is entered so I may keep it on my charts for a while and remove the HA candles instead.
  • #1,012
  • Jun 25, 2010 12:55am Jun 25, 2010 12:55am
I see a lot M2 views on the examples.

I do not have this M2 timeframe on my MT4.
Why do you guys not use M1 or M5?
Is there an advantage using M2?
And if so, how can I get it?
  • #1,013
  • Jun 25, 2010 1:13am Jun 25, 2010 1:13am
Quoting CandleStar
I see a lot M2 views on the examples.

I do not have this M2 timeframe on my MT4.
Why do you guys not use M1 or M5?
Is there an advantage using M2?
And if so, how can I get it?
try go back to post 990 and read that
  • #1,014
  • Jun 25, 2010 1:47am Jun 25, 2010 1:47am
Candlestar, renko bricks are not based on time (one minute, 5 minute) but based on distance like 5 pips or 10 pips or whatever size. Wieb has a great post on setting them up a page or two back.
  • #1,015
  • Jun 25, 2010 2:15am Jun 25, 2010 2:15am
done for today will have a long weekend
enjoy your weekend all
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  • #1,016
  • Jun 25, 2010 5:14am Jun 25, 2010 5:14am
nice moves down
couldent resist
but now its real weekend
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  • #1,017
  • Jun 25, 2010 6:51am Jun 25, 2010 6:51am
bshcom,
So you mostly like taking short trades off those manual support trend-line breakouts?
I hadn't looked at your setup before, are those swingman's scalper candles?
What's your preferred renko brick sizes tp/sl?
Think I'd prefer a screen shot at time of entry and a 2nd at time trade is exited to see if there are any repaint issues with the indis used, along with a full screen shot of the trade in account history and with each trade dragged and dropped onto the chart before the screen shots are taken. That way we can see pretty much the same things you did at the time trade was entered and closed.
No offense but don't think a lot of visual back test screen shots carry a lot of weight if we can't really be certain were and when your trades were entered etc.
  • #1,018
  • Jun 25, 2010 4:46pm Jun 25, 2010 4:46pm
Quoting Mihailo
Hi !


Here are all parts of my system. As someone mentioned, it is combination of THV system with my own indicators.

Rules are very simple:

Short:

1. Pa must be nearly under Cloud and Coral.
2. There must be two of three red lights on indicators in the bottom of the chart.
3. If you have target on 10 to 20 pips, avoid trading around news - 20 minutes before and 20 minutes after.

Long - opposite.

I’m trading on 3 pairs GBPUSD, EURUSD and EURJPY.

As you see, there are 2 charts for each pair on my platform. One is 5pips/candle...
What is "Pa"?
  • #1,019
  • Jun 25, 2010 11:36pm Jun 25, 2010 11:36pm
Quoting Tal1983
What is "Pa"?
PA = Price Action ~ Price movement
  • #1,020
  • Jun 26, 2010 6:20am Jun 26, 2010 6:20am
Quoting GrZack
PA = Price Action ~ Price movement
Thank you very much!
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