Attachments: Goldflight's RENKO strategy

Goldflight's RENKO strategy

#181
Sep 23, 2010 3:59am Sep 23, 2010 3:59am

Ezakimak
| Joined Aug 2010 | Status: Trader | 212 Posts

Hi Goldflight,

Sorry to hear your computer crashed!

I got a nice winner on the EURUSD today.

Cheers mate!

Ezakimak

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#182
Sep 23, 2010 4:51am Sep 23, 2010 4:51am

Goldflight
| Joined Mar 2010 | Status: Trader | 263 Posts

Quoting Ezakimak

Disliked

Hi Goldflight,

Sorry to hear your computer crashed!

I got a nice winner on the EURUSD today.

Cheers mate!

Ezakimak

Ignored

Excelent job Ezakimak.

I AM WHAT I AM, AND THATS ALL THAT I AM

#183
Sep 23, 2010 5:44am Sep 23, 2010 5:44am

Ezakimak
| Joined Aug 2010 | Status: Trader | 212 Posts

Thanks mate!

I got stopped out on this one (for profit so its all good) but if I had been able to stay in I would have snared much more as it has kept on falling.

This is a nice sound strategy. I would recommend this for newbies starting out. If they can figure out how to set up the chart they will be on to a winner!

Goldflight, which pair have you had the most success with? Are they all about the same or is there one that really stands out?

Ezakimak

#184
Sep 23, 2010 6:28am Sep 23, 2010 6:28am

Goldflight
| Joined Mar 2010 | Status: Trader | 263 Posts

Quoting Ezakimak

Disliked

Thanks mate!

I got stopped out on this one (for profit so its all good) but if I had been able to stay in I would have snared much more as it has kept on falling.

This is a nice sound strategy. I would recommend this for newbies starting out. If they can figure out how to set up the chart they will be on to a winner!

Goldflight, which pair have you had the most success with? Are they all about the same or is there one that really stands out?

Ezakimak

Ignored

You are very welcome Ezakimak.

I think the pairs i have had the best luck with has been EURUSD and GBPUSD. Neither really stand out, but there spreads are low and they move well.

Happy pipping..................

I AM WHAT I AM, AND THATS ALL THAT I AM

#185
Sep 23, 2010 6:38am Sep 23, 2010 6:38am

Goldflight
| Joined Mar 2010 | Status: Trader | 263 Posts

As soon as i can find a good alert indi to go with this system i will be able to put this on many more pairs. If anyone can help find one it would be deeply appreciated.

Thanks everyone

Happy pipping...............

I AM WHAT I AM, AND THATS ALL THAT I AM

#186
Sep 23, 2010 6:51am Sep 23, 2010 6:51am

Goldflight
| Joined Mar 2010 | Status: Trader | 263 Posts

Lets see what happens.

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I AM WHAT I AM, AND THATS ALL THAT I AM

#187
Sep 23, 2010 7:13am Sep 23, 2010 7:13am

Meister81
| Joined Sep 2009 | Status: Trader | 129 Posts

Quoting Goldflight

Disliked

As soon as i can find a good alert indi to go with this system i will be able to put this on many more pairs. If anyone can help find one it would be deeply appreciated.

Thanks everyone

Happy pipping...............

Ignored

What do you think of an ADX crossing indi (with alert)? Or did you already try one?

Best regards!

#188
Sep 23, 2010 7:19am Sep 23, 2010 7:19am

Goldflight
| Joined Mar 2010 | Status: Trader | 263 Posts

Quoting Meister81

Disliked

What do you think of an ADX crossing indi (with alert)? Or did you already try one?

Best regards!

Ignored

I tried the ADX crossing alert but found that it was not accurate. I dont know if it was because it was affected by the offline chart or not. So still looking.

Happy pipping.................................

I AM WHAT I AM, AND THATS ALL THAT I AM

#189
Sep 23, 2010 9:12am Sep 23, 2010 9:12am

sdcindy
| Joined Aug 2010 | Status: Trader | 17 Posts

Goldflight,

Have you tried the 5 pip Renko box and if so, how where your results? Anyone else try this?

Thanks,

Cindy

#190
Sep 23, 2010 9:16am Sep 23, 2010 9:16am

Goldflight
| Joined Mar 2010 | Status: Trader | 263 Posts

Quoting sdcindy

Disliked

Goldflight,

Have you tried the 5 pip Renko box and if so, how where your results? Anyone else try this?

Thanks,

Cindy

Ignored

Hi sdcindy,

Yes i tried 5 pip, but seemed to get to many false signals so i try to stick with 10 pip. Seems to work the best.

Goldflight

I AM WHAT I AM, AND THATS ALL THAT I AM

#191
Sep 23, 2010 9:38am Sep 23, 2010 9:38am

Goldflight
| Joined Mar 2010 | Status: Trader | 263 Posts

S/L hit. Oh well better luck tommorow.

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#192
Sep 23, 2010 12:07pm Sep 23, 2010 12:07pm

Goldflight
| Joined Mar 2010 | Status: Trader | 263 Posts

Heres a little something for scalpers to try.

3 pip renko chart

HA Smoothed

MACD (12-26-9)

Awsome indi

Pipholic SR indi

1 EMA (white) on the MACD

3 EMA (red) on MACD

RULES--BUY

1 EMA crosses above 3 EMA-- HA turns green--AO turns green-- 3 pip block closes above pipholic SR-- BUY...

SELL

1 EMA crosses below 3 EMA-- HA turns red-- AO turns red-- 3 pip block closes below pipholic SR-- SELL...

As soon as you buy or sell, pull up your close window and close at first sign of reversal.

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Attached File(s)

Goldflights 3 PIP scalp.zip 4 KB | 697 downloads

I AM WHAT I AM, AND THATS ALL THAT I AM

#193
Sep 24, 2010 7:44am Sep 24, 2010 7:44am

Goldflight
| Joined Mar 2010 | Status: Trader | 263 Posts

Anyone else following along ? I hope im not alone.

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I AM WHAT I AM, AND THATS ALL THAT I AM

#194
Sep 24, 2010 8:39am Sep 24, 2010 8:39am

pcguy007
| Joined Sep 2009 | Status: Trader | 155 Posts

Hi Goldflight, I'm still working with your system but the market is so slow it's hard to test.

GU has been killing me all week with it's whipsaws.

I've been using 6,10,16 renko's and bouncing ideas off the wall.

#195
Sep 25, 2010 3:43am Sep 25, 2010 3:43am

Rossb
| Joined Aug 2010 | Status: Trader | 47 Posts

Quoting Goldflight

Disliked

Anyone else following along ? I hope im not alone.

Ignored

Hi Goldflight,

Have been reading with interest..thanks for the indicators and the time & effort you are putting into this thread. Only on demo at the moment, but results are coming.

Many thanks

Ross

#196
Sep 27, 2010 5:23am Sep 27, 2010 5:23am

hankeys
| Joined May 2010 | Status: Trader | 47 Posts

Quoting Goldflight

Disliked

I tried the ADX crossing alert but found that it was not accurate. I dont know if it was because it was affected by the offline chart or not. So still looking.

Happy pipping.................................

Ignored

I am using these indicators and scripts along with your ADX cross alert. When ADX alert comes, and other indicators is correct i put sell or buy STOP order, with these two scripts and put New Candle Alarm on the graph. When new candle appears i hear the alert and know, if the STOP order is hit, or the candle go to the other side.

Attached File(s)