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1 2 3 Strategy explained

  • #101
  • Oct 22, 2010 1:18pm Oct 22, 2010 1:18pm
Quoting pgpb
so nice of you to welcome my comments, to Tunera's thread ....LOL

What is the difference between range bars and renko bars......just telling me there are different does not provide any information.

PGPB



ok. on monday ill post one text about rangbars... but if you have the time you can google rangebars. and you will finde desription about RB ...
  • #102
  • Oct 22, 2010 1:57pm Oct 22, 2010 1:57pm
Small intro about rangebars....

"...Range Bars were conceived in 1995 by a Brazilian broker and trader - Vicente M. Nicolellis Jr. During 13 years running a trading desk in Sao Paulo, where local markets tend to be volatile, he wrestled with the problem of how to handle this volatility and its variability. Finally he concluded that the most promising approach would be to eliminate time from the equation, and just concentrate on price. After all it is price that you trade (rather than time, unless it is an options market).

Essentially this reverts to the early days of Technical Analysis, and the use of Point an Figure Charts which just record price changes. By using a constant range, ex. 10, and opening a new bar once that range is covered, one can also apply modern concepts of indicators, which are bar based.

In 1996 the concept was computerized, which meant that many more markets could be studied. Experience in the last 8 years has shown that Range Bars are particularly good at focusing on and clarifying movement. The way in which a long meandering, horizontal "congestion" is condensed into a bar or two, concentrates attention on the essential underlying price movement while eliminating unnecessary "clutter" and "noise". This also makes the use of Trendlines easier..."




love this part of text...

Quote
After all it is price that you trade (rather than time, unless it is an options market).
  • #103
  • Oct 22, 2010 2:26pm Oct 22, 2010 2:26pm
people always try to pull you down--
It is this simple guys -- there is 123 indicator

It seem to work fine on rangebars-- thats it thats all to it

Now we are fighting over renko and rangebars--

what we should focus on -- some one to program a rangebar for free (this is 1st problem people get upset when the guys dont want to share what he bought)
2. How to improve the 123 indicator to keep all its signal -- so we can the all previous signal -- right now we dont see this.

this is where we should put our energy (not fighing)
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #104
  • Oct 22, 2010 2:33pm Oct 22, 2010 2:33pm
Quoting zamanib
people always try to pull you down--
It is this simple guys -- there is 123 indicator

It seem to work fine on rangebars-- thats it thats all to it

Now we are fighting over renko and rangebars--

what we should focus on -- some one to program a rangebar for free (this is 1st problem people get upset when the guys dont want to share what he bought)
2. How to improve the 123 indicator to keep all its signal -- so we can the all previous signal -- right now we dont see this.

this is where we should put our energy (not fighing)
nice text....

yes this is problem about this rb indi or script.... if any coder will code it for free it will be nice....

now lets see if any of coders will be able to do this.. we have 100 of coders on ff and people are looking for this indy for 2-3-4 years... and nowone was not able to code it... this is so funny...

cmon coders where are you?? lets see what skils you have...
  • #105
  • Oct 22, 2010 2:35pm Oct 22, 2010 2:35pm
Quoting goldfinger
If you don't mind me asking how do you manage your trades? Such as stop loss, trailing stop etc.
mmmmmm..........change of tune
  • #106
  • Oct 22, 2010 2:48pm Oct 22, 2010 2:48pm
Quoting zamanib
p
this is where we should put our energy (not fighing)
Zamanib, I am guessing English is not your first language so perhaps you are reading something that is not there, there is no fight.
Simply a question about the difference between range bars and renko bars.

PGPB
  • #107
  • Oct 22, 2010 3:03pm Oct 22, 2010 3:03pm
This thread is awesome but since range bars seem like some unicorn we can't find, how comprable are the renko bars to the range bars? Why can't you share your range bars Zamanib?
  • #108
  • Edited 3:37pm Oct 22, 2010 3:36pm | Edited 3:37pm
OK.....the originator of this thread will likely want the conversation to get back to 123 discussion

Both renko and range bars can be purchased, but it is against FF rules to post commercial information, so just google MQL and service and range bars and you should find the vendor

I own a renko script but not a range bar script

Here is an image of GBPUSD on renko bars

Here is what the author of the script of renko says

"Range bars always display the whole range the price was moving with wicks. Renko's remove wicks after a range is covered. Therefore Renkos looks more smooth than CRB's however both of them do almost the same thing."
Attached Image
  • #109
  • Oct 22, 2010 4:14pm Oct 22, 2010 4:14pm
I see everybody's talking about range bar at the moment, i just want to share the rangebar indicator that i have:


Cheers
Attached File(s)
File Type: ex4 range_bars_wlas_v09.ex4   9 KB | 987 downloads
  • #110
  • Oct 23, 2010 2:05am Oct 23, 2010 2:05am
Quoting tunera
I see everybody's talking about range bar at the moment, i just want to share the rangebar indicator that i have:


Cheers
And does it work-- did you try it -- if it does all traders problem solve
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #111
  • Oct 23, 2010 2:17am Oct 23, 2010 2:17am
Quoting pgpb
"Range bars always display the whole range the price was moving with wicks. Renko's remove wicks after a range is covered. Therefore Renkos looks more smooth than CRB's however both of them do almost the same thing."
What is the point of displaying a box which doesn't represent the true price range. Just seems rather ridiculous to me.
  • #112
  • Oct 23, 2010 5:35am Oct 23, 2010 5:35am
Quoting tunera
I see everybody's talking about range bar at the moment, i just want to share the rangebar indicator that i have:


Cheers
I had used it, does not work properly.

As Kreator somewhere said there is no free indicator at the moment that works properly.
Regards
  • #113
  • Oct 23, 2010 7:36am Oct 23, 2010 7:36am
Quoting howard
I had used it, does not work properly.

As Kreator somewhere said there is no free indicator at the moment that works properly.
To me it work properly, don't listen what everybody say, the real good things are also available for free or aren't available at all!
  • #114
  • Oct 23, 2010 7:39am Oct 23, 2010 7:39am
Quoting tunera
To me it work properly, don't listen what everybody say, the real good things are also available for free or aren't available at all!
That is great if it works will help many traders--
Can you please give the instruction how to set up--

Normally you will load it on 1m chart -- then open a m2 offline chart--
I try this it did not work-- I also load the indicator in the SCRIPT FOLDER

again please tell us how to install it
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #115
  • Oct 23, 2010 7:43am Oct 23, 2010 7:43am
Well, it should be put on the indicators folder and used as indicator, not script.
Also, keep in mind that the range if using 5digit broker must be multiplied by 10, for exampel a range bar of 10 pips would need to be used "100" as value and not 10, cuz of the 5digits. Also allow dlls.
I'm not at my computer now, however i remember that it was working perfectly, let me know
  • #116
  • Oct 23, 2010 7:59am Oct 23, 2010 7:59am
Ok load on indicator folder-- still not working

what chat do we load it on 1st -- ???
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #117
  • Oct 23, 2010 8:05am Oct 23, 2010 8:05am
I think the problem is that the indicator to make his work need the market of move of 1 tick, right now in weekend the market is stopped, so.. you can wait till the open, or use some tick-simulator software like the one i've posted on another thread a few days ago, please be patient )
  • #118
  • Oct 23, 2010 8:10am Oct 23, 2010 8:10am
Quoting tunera
I think the problem is that the indicator to make his work need the market of move of 1 tick, right now in weekend the market is stopped, so.. you can wait till the open, or use some tick-simulator software like the one i've posted on another thread a few days ago, please be patient )
Got it to work-- most are the bars are equal-- but there are some that is not equal

Ok -- how to load--

1st open 1min regulars chart -- then load the indicator-
2nd then go open ofline chart look for m2 of the currency pair you load on the 1min and open -- most of the bars are equal(to what ever you set it to 10 15 25 pips range)
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #119
  • Oct 23, 2010 8:18am Oct 23, 2010 8:18am
tunera one question for you....

can you add sound alert on 123 indy...
  • #120
  • Oct 23, 2010 8:35am Oct 23, 2010 8:35am
Yes, if for example you put 10pips as value, and there is a 1min candle that is bigger than 10pips, on the rangebars chart there will be a rangebar bigger than 10pips (it will be big as the 1min candle).
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