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Renko Trading For Gamers (RTFG)

  • #1,261
  • Oct 16, 2010 11:23am Oct 16, 2010 11:23am
Quoting Petar_Serbia
some AUDUSD setups


Let me know what you think i can write rules
Hey Petar what Renko indicator are you using, it looks different than mine?

Also, I'm not sure if you noticed but your strategy is basically just taking a trade anytime there are three up or down renko bars in a row.

Because of the uniform nature of renko bars, pretty much any indicator applied to renko bars will end up signalling something you can already know just by looking at renko patterns.

Thanks for your contributions.

Cory
  • #1,262
  • Oct 16, 2010 4:03pm Oct 16, 2010 4:03pm
Hi Petar,

just like to ask if you only trade eur/jpy and gbdusd using pandora's box, normally on average how many trades you get for london session?
  • #1,263
  • Oct 16, 2010 7:02pm Oct 16, 2010 7:02pm
Quoting Cbh123
Hey Petar what Renko indicator are you using, it looks different than mine?

Also, I'm not sure if you noticed but your strategy is basically just taking a trade anytime there are three up or down renko bars in a row.

Because of the uniform nature of renko bars, pretty much any indicator applied to renko bars will end up signalling something you can already know just by looking at renko patterns.

Thanks for your contributions.

Cory
Hello Cbh and welcome to thread,i will ansfer tomorow now i must go to sleep i just back from city


Cheers
"Buy on fear, sell on greed !!!
  • #1,264
  • Oct 16, 2010 7:04pm Oct 16, 2010 7:04pm
Quoting Heavenforex
Hi Petar,

just like to ask if you only trade eur/jpy and gbdusd using pandora's box, normally on average how many trades you get for london session?
Uf that is relative,i will try to improve Pandora Box becouse that tehnique has big potencial i will work on it tomorow.Princip will stay but maybe i add some indicator for fasle break we will see tomorow...

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #1,265
  • Oct 17, 2010 10:18am Oct 17, 2010 10:18am
Quoting Petar_Serbia
Uf that is relative,i will try to improve Pandora Box becouse that tehnique has big potencial i will work on it tomorow.Princip will stay but maybe i add some indicator for fasle break we will see tomorow...

Cheers

Petar

are the percentage of false breakouts higher than the winning trades? I am sure all breakout systems will have some false breakouts, it will be almost impossible to eliminate them, as long as the winning percentage is higher it will be fine.
  • #1,266
  • Oct 17, 2010 10:48am Oct 17, 2010 10:48am
Quoting Heavenforex
are the percentage of false breakouts higher than the winning trades? I am sure all breakout systems will have some false breakouts, it will be almost impossible to eliminate them, as long as the winning percentage is higher it will be fine.
Hello Haven,

As i said i dont work sytem i work my private system Renko is my live in trading styles but still just test...I will post some ideas today about impromnets of Pandoras Box method...


Cheers
"Buy on fear, sell on greed !!!
  • #1,267
  • Oct 19, 2010 12:40pm Oct 19, 2010 12:40pm
Quoting Petar_Serbia
Hello Haven,

As i said i dont work sytem i work my private system Renko is my live in trading styles but still just test...I will post some ideas today about impromnets of Pandoras Box method...


Cheers
We´re waiting wishfully, Petar!

Best regards!
  • #1,268
  • Oct 20, 2010 2:33am Oct 20, 2010 2:33am
Quoting Meister81
We´re waiting wishfully, Petar!

Best regards!
I will be in colage today,when i back i will post some ideas...
"Buy on fear, sell on greed !!!
  • #1,269
  • Edited 10:43am Oct 20, 2010 10:16am | Edited 10:43am
Hello Petar & RTFG thread followers,

This ea currently under development may act as a good confirmation signal for whatever renko setup your currently using. It actually uses a lot more indicators than what I have shown in this screen shot, but you can find the ea here in the thread link below if anyone here would like to give it a forward testing. It may even contain the filter your looking for, for your pandora box setup.
http://www.forexfactory.com/showthre...=1#post4110310
Attached Image (click to enlarge)
Click to Enlarge Name: maxx_v103 for rrbs partial indis on template.gif Size: 40 KB
  • #1,270
  • Oct 21, 2010 1:15pm Oct 21, 2010 1:15pm
Hello guys i want present you my new version of Pandoras Box method.Now i created very simple box method for trading.Idea of this concept is to risk low and go for huge profit.Most important thing on forex is Money Menagement and DISCIPLINE remember that.I didnt test this much becouse i work a lot,i testet visualy and some live setups with good result..Anyway i need testers and please who wants to work this post setups..


How to trade this method ?
Isnt hard we look Chanel indicator and we look for trend.If is chanel up we will wait our box up and we will look just for buy setups oposite is for sell...

Next we wait candle to close in chanel for buy setup we wait black candle to close in chanel than we wait blue half body candle.When we see that we put our lines like box.We trade on break of uper line.For buy setuo SL is lower box line but just in case if is first broke box than second candle instatly back to box,than we wait SL on lower line.SL if we see minimum 1 candle closed in our favor our SL will be first weak renko candle...
Take profit is also when we see oposite weak candle.
I tested on EURUSD pair but you can test on pair you like...

This is just my for TP and SL,you can create your and we can disscus together here...

YOu will easily undestand rules with next exmaples >


NOTE >

Who wants to be in RTFG team feel free to send me a PM


Now Exmaples >


CHeers and aks everything you didnt understand...

Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chanel.JPG Size: 60 KB
Click to Enlarge Name: chanel2.JPG Size: 61 KB
Click to Enlarge Name: chanel3.JPG Size: 60 KB
Click to Enlarge Name: chanel4.JPG Size: 62 KB
Click to Enlarge Name: chanel5.JPG Size: 63 KB
"Buy on fear, sell on greed !!!
  • #1,271
  • Oct 21, 2010 3:00pm Oct 21, 2010 3:00pm
Not sure I'm following how your forming your new Pandora's boxes Petar.
Could you zoom in a little place vertical lines along with comments on your chart where & exactly how your forming both the top & bottom of the new box? Of if anyone else understands please explain.
I don't know which channel indicator your using either, can you post it along with your template as well?
Thanks...

Quoting Petar_Serbia
Hello guys i want present you my new version of Pandoras Box method.Now i created very simple box method for trading.Idea of this concept is to risk low and go for huge profit.Most important thing on forex is Money Menagement and DISCIPLINE remember that.I didnt test this much becouse i work a lot,i testet visualy and some live setups with good result..Anyway i need testers and please who wants to work this post setups..
....


Petar
  • #1,272
  • Oct 21, 2010 3:52pm Oct 21, 2010 3:52pm
Quoting 45Fxguy
Not sure I'm following how your forming your new Pandora's boxes Petar.
Could you zoom in a little place vertical lines along with comments on your chart where & exactly how your forming both the top & bottom of the new box? Of if anyone else understands please explain.
I don't know which channel indicator your using either, can you post it along with your template as well?
Thanks...
Indicator :
Attached File(s)
File Type: ex4 Keltner Channels.ex4   3 KB | 939 downloads
"Buy on fear, sell on greed !!!
  • #1,273
  • Oct 21, 2010 4:11pm Oct 21, 2010 4:11pm
Quoting 45Fxguy
Not sure I'm following how your forming your new Pandora's boxes Petar.
Could you zoom in a little place vertical lines along with comments on your chart where & exactly how your forming both the top & bottom of the new box? Of if anyone else understands please explain.
I don't know which channel indicator your using either, can you post it along with your template as well?
Thanks...
THis is one exmaple today :
Attached Image (click to enlarge)
Click to Enlarge Name: exmaples.JPG Size: 67 KB
"Buy on fear, sell on greed !!!
  • #1,274
  • Edited 7:25pm Oct 21, 2010 4:24pm | Edited 7:25pm
Quoting Petar_Serbia
Indicator :
Ok thanks, think I get it now.

That really tightens up the box size doesn't it?
Your sort of applying what you learned from you petar candle formations to HA on renko, right Petar?

Wonder if anyone in your other thread can make a signal arrow for this one too?
  • #1,275
  • Oct 21, 2010 9:13pm Oct 21, 2010 9:13pm
Is it default, or something else?
  • #1,276
  • Oct 22, 2010 1:58am Oct 22, 2010 1:58am
Quoting ranger_lp
Is it default, or something else?

Yep default

Cheers
"Buy on fear, sell on greed !!!
  • #1,277
  • Oct 22, 2010 3:18am Oct 22, 2010 3:18am
Quoting Petar_Serbia
THis is one exmaple today :
Hello Peter,

let me know im understanding good,
Attached Image (click to enlarge)
Click to Enlarge Name: exmaples.JPG Size: 88 KB
  • #1,278
  • Oct 22, 2010 3:26am Oct 22, 2010 3:26am
Quoting POSTiGA
Hello Peter,

let me know im understanding good,
Very close but just in your case your chanel was down that mean no buy...
"Buy on fear, sell on greed !!!
  • #1,279
  • Oct 22, 2010 3:59am Oct 22, 2010 3:59am
Isnt hard today >

Cheers


Petar
Attached Image (click to enlarge)
Click to Enlarge Name: today.JPG Size: 71 KB
"Buy on fear, sell on greed !!!
  • #1,280
  • Oct 22, 2010 5:12am Oct 22, 2010 5:12am
Quoting Petar_Serbia
Isnt hard today >

Cheers


Petar
Would the attached be a valid setup to sell or not?

Looking forward to your reply Petar

Regards

Ali Raza
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd sell.gif Size: 17 KB
Raza
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