Mr.Nims, Renko Ashi Trading System 2

For the exits we can run the attached price channel stop indy (settings 10, 0.3) on regular M1 chart parallelly (or if you want even longer on M5 use 9, 0.3). Exit when the opposite dot appears. This provides a good exit if our Renko based entry goes at least 15-20 pips in our favor and we want to stay in the trend as much as possible without reversing too much. Test it out.

Edit: Changed the recommended parms on M1 to 10, 0.3. Thanks.

Do the renko charts take up a lot of memory and slow down a computer? After I added them, my charts freeze up at times, or go super slow.

whrere is sMACD ALERT 2 Indicator,that Fixed the repaint Issue and ability to turn on and off the alarms, ???
thanks

Its already posted. Check the clipboard icon on the topic for all the attachments.

Hi Mr. Nims,

I have read the entire post on your other journal/thread on Forex TSD. Its quite impressive. however I struggle with SL and TP issue, any advice?.

one more important issue, during choppy markets i usally give away alot of pips. How do you remedy that.

thanks in advance

cheers

Hi,

Finally a blog for the renko and for my trading stuff. Its going to be a commitment to keep updating this place, but i think it will help me as well as help you with understanding renko and understanding how i work. Maybe you could help me be a better trader? who knows..

Please click the buttons on the right for the different pages.

BLOG STARTED ON 5th June 2010.... SO everything posted starts from this date .... past is gone...future is here now!

Good luck and i will keep posting my daily or weekly trading and updates here.
Thanks,
Mr, Nims

http://renko2.blogspot.com

Something about using Renko slows down my computer to a crawl. Unfortunately, I had to discontinue using them

mumble

still workin' on Mario Trailing EA setups

I've been trying adjustments for 3 days,but some inputs seem fighting or tricky

"Move to BreakEven.at.pips " and "move to breakevenlockpips" ..what is the difference ???

bookmarked

Hi Mr.Nims and everybody, where is exit point of this system. thank for sharing

Hey Mr. Nims,

I dont see any update on your blog and other other forum as well. Whats going on. Would you mind educating us on that. I heard the system had some major drawdown?

cheers

many pips to you!

ps: SL is on the other side on channel isn't it?

[7:48:41 AM] Uriya Zarum says:
*** Very important please read*** -


Dear Traders.

A Few months ago I discovered Mr.Nims thread about renko and joined this room.
The room was in fire with lots of active traders.
After a while Mr.nims came out with his program to manage accounts wich was very tempting...
Anyway he sounds like good guy etc... SO i decided to give it a chance..
I didn't let him manage my account but I delivered him $500 directly to him.
SO like any client I asumed he will get back to me and tells me what's going on with the money , at least contact me once in a week.
but no, I was the only to run after him to get reports.
at first he told me he lost more then 50% and he needs time to recover. and me a very patience guy said : "ok take your time and recover.."
I allways said to him there is no need to risk a lot since I was his first client (that what he told me , not sure how much it's true ).
anyway he lost again and ask for money again SO i sent him another $100 , He told me that he can recover.
again , all this was after I run after him to get reports and he always had his stories, He never tried to rich me exept 1 time he rich me to ask for more money.
Meanwhile I saw when he enter the room (after a long period of time he dissapeard) that he ads a mass of new people and then dissappear for long time after 2 hours he has been in the rooom - HMMMM
At that stage I was very sceptical . I said may be he lose - ok . But why he never contact me ? what kind of manager is he ?
Every time when I see him he has a story.
I admit I was too naive and a fool to give my trust to somone who sounds to emotional about making $ in the market .It's not suposed to be the caracture of somone successful in the forex market...
+ claimed to double accounts in a month - lol

after few months I understand I was fooled

*Is it suspicious I asked few cash to see his answer and his answer is "big fuck**** stroy?"

*Is it suspicious when Mr.Nims posts things in facebook but never contact his clients ? (I had him in facebook untill the last week , his last post was few days ago)

*Is it suspicious My friend , My neighbore lost cash with him and told me he see he acts like a gambler ?

*Is it suspicious I spoke with other people in private that told me Mr.Nims lost all their money and he avoid them ?



- I know at least for 3 people that got scammed !
How many more ? ..



My conclusions are:

Mr.Nims is nothing but a scammer and lier , Be ware of him and please inform your friends too , in forums , everywhere...




so... WHERE IS MR.NIMS NOW ? KNOCK KNOCK - ARE YOU THERE , ANYBODY HOME ?


========================================
EVERYONE WHO GOT SCAMMED DO NOT BE ASHAMED . POST HERE YOUR THOUGHTS ! AND IN THE FORUMS ! PLEASE !
========================================


Best wishes to all of you,

Uriya Zarum

Well Its been more then a month now, and I have not received any reply. there was this other guy LordFX who claimed he was making 1000pips a week. Then he setup a cheap website asking for money. He did post some results during may which looked genuine but no update on his blog. I suspect Mr.Nims and LordFX were same guys. or who knows, if I am wrong I would love to be corrected.

http://lordsfxt.blogspot.com/


cheers

Yousafzai

Guys all I can say is very simple.If Mr Nims can't make any money with his own system than don't waste your time,if time is a factor.Mr Nims maybe has a system but the system doesn't work.The problem is simple the risk is too high.
This is all I can say.

Good luck with trading

I've tried every trick I can think of for trade management. You can't use ea s, because you have to use the trade chart ea on the online chart, and ea s don't work on the offline chart.
I tried every script on earth, none of them work.
I heard the best was 'manage trade guru', does anyone have this?
I googled it, and couldn't find it. I tried the first 15 most popular forex sites, no luck.
I need something besides manual execution on trades.
Can anyone help?

I have not found one either, how about loading another time frame blank chart and just add your ea to it when you open a trade? Just a new M15 or something plain price chart and open your trade then put on the ea on it.. it will manage based upon the ea settings without getting messed up because of Renko.

BTW.. Personally I have moved on and am using my Renko
strategy with Constant Range Bars.

All the best

Brian

I agree with the constant range bars over renko. A 10 pip renko bar could have a 20-30 (or more) pip wick, and the constant range bars would show a 2 or 3 bar pull back and give clear re entries. I am currentl testing this system a little modified with 8 pip constant range bars, and it seems to have potential. I'll try and remember to keep you up to date on the results.

There are ways you can test Renko offline as well as You can run EA on renko chart as well. However, the problem is the reponse of Renko script to emulate your live chart, by the time it refreshes your chart usually market moves 10-20 pips up/down while you are on 5-pips Renko.

http://en.wordpress.com/tag/renko/

hello there folks, i have made some EA using 2MACD, it opens order, when an arrow appers on the start of the new candle. But there is an issue with indicator using 2 MACD method, its not reseting the buffers after new tick, so there can be BUY signal, but the candle go DOWN (so FALSE signal) but the arrow stay and the EA put BUY signal.

Is there a way how to reprogram this, or better to put STOP order with 10 pips away from OPEN of candle (am i using 10 pip RENKO bars)

THX for help.

to this post i put also the EA (ManageTPv3.3MUST BE ON CHART B4Trade) which can move SL (not trailing) about 10 pips, only if there is 10 pip move - something like stepped SL. I am using this on trade on my system with 10 pip renko, so my trade with this EA exit automatically on opposite candle. Nice feaure for me.