variety of resources what works and what doesn't

have u found such a thing yet?

I would really like to run it on tick data with a move stop to break even function... optimize the settings and then have a little better idea of what it can really do.

OK this is why I have a keen interest in this ea.
tick data for a variety of time frames...
EURUSD... 1 year...

edit: just noticed the graphs say na for modeling, that means somewhere along the line during the testing the tick data has not been kicking in.
Will have to go back and set it up again.

Things seem to be coming to together nicely.
Renko traders on this thread supplying the missing pieces.
http://www.forexfactory.com/showthread.php?t=279397
Getting a better understanding of how renko works.
So we now have the indis and eas to set up renko charts.
And also a way to manage the trades for renko ea.
Looks something like this:

The fully automatic ea uses an algorithm that at least in part relies on a 5ema and 25 ema cross along with renko breakout from support or resistance.

I am trading the algorithm manually in demo also to further my understanding of the strategy.

Swiss Army ea trade manager is set up on both the ea and my manual trades to provide stops and limits and a stop loss move to breakeven+ for good trades that trails..

Ezakimak on his renko thread seems to be very successful trading renko and also explains things nicely and simply.
http://www.forexfactory.com/showthread.php?t=279397

He has explained how to set up, there is a pdf and he also trades live on the thread. Short thread, easy read.
Renko can be slow.. So patience is a requirement..

further testing renko
because these charts are not time sensitive the action purely price action, no distortion over time...
so patterns are very easily detected, triangles, pennants, flags, double tops, head and shoulders. They are everywhere. The charts are just one pattern leading into another basically. Trend lines are also seen very easily.
So here I entered EURJPY long because of a breakout of a triangle. Target is the top of the channel which is also a major resistance area.
The actual price action maybe swinging wildly about, the blocks simply form whenever there is a close on the 1 min 10pips in either direction.
I think I have that right?
Anyway actual prices may be higher or lower than a block at different times.

Watching GBPUSD for a break to the downside..

USDJPY is in formation for a breakout..

What I might do is set a small target. Say 10 pips. Until I become more practiced trading these charts and can set higher targets..

Renko has a lot going for it. The simplicity for one. and the beauty of the patterns so crystal clear without the distortion of time lags and rushes.
There are some problems. One I ran into is very technical. In order to have alive renko chart a template is created offline which gets data feed from a 1m with renko ea running on it. There are some strange things that happen with that data feed and it can go unnoticed because the 1m chart is running quietly and unseen in the background. so the renko chart looks great, the patterns are there and analysis takes place and even trades, but underlying data feeding in from the 1m can be dramatically wrong. Not in touch with what is actually going on in the market. Gaps and holes and weeks of missing or corrupted data files, but the renko chart looks just fine but it is not based on reality.
It's another mt4 bug a boo. The same kind of thing that makes backtesting in mt4 pretty much a joke and not much more relevant than a video game.
So I might have to give renko a break.

hey jiva
i tried gft and ig markets platoform and one of them has renko charts,with other types of visuals,like candlesticks renko figure......u know

trie it out
they have many other instruments,commodities,shares,bonds,currencies,indices,cfds faken heaps

The plan for next week is based on osma, bb bands, wood pivots, market times, candles, volume, and a 34 ema hi/lo channel.
Simple. Clean and looks promising. Nothing particularly out of the ordinary.

Look for entries short:
mostly entries are based on candles and bb bands. If there has been a decent move up and candle closes outside bb band and then candle closes inside ( or other significant candle formations like a spike or evening star etc.) a short position can be taken with either the 10ma as profit target or lower bb band profit target. considering this may be a simple pullback.
If there has been a fresh 0 cross in osma then this could be a reversal or a continuation with some legs to it. In that case we may want to trail the 34ema hi by about 7pips.
Initial stop on opening the position would be below the lower bb bands or below the most recent swing low, whichever is lower.

Ideally 2 positions to be opened just in case it might be a reversal the 1st position can be closed as if it were a pullback and the 2nd position can be left open to trail with the stop moved to breakeven + spread, after 1st position has been closed in case it is reversal or continuation.

Will be running this on the 15 min chart.

Vice versa for long positions..
Will be working on the details of the trade during the week.

yikes!!
yeah, let's keep it simple....
I saw the renko, on GFT.. kagi, pf, three line break ...you name it they have it...
The demo is only good for 14 days and you can only have 1 demo. I am sure there ways to get around that limitation. I want to run it a bit when the markets are open.

Couldn't get on IG, they want you to actually open an account before they'll let you demo. I don't want to do that.

I guess those were the only 2 I didn't try. I looked at a bunch of them and then gave up. Enough for one day...

Let's see what GFT renko can do on Monday..


But I may be done with renko for a while anyway.

This system I am going to test out next week of candles and bb is pretty solid.

try the oldtimer yaed posted in the sclaper challenge
ins about 2-3 pages infront of last page
hes nelaly got a perfecr s

http://www.forexfactory.com/showpost...&postcount=122
http://www.forexfactory.com/showpost...&postcount=108

Here' the deal:

The only forex trading I will do is EURUSD for a few hours at London open.

That's it.

Like this morning...

Two templates... My scalper candle and bb alongside my renko...

finally
ur waking up to urself

heres some help
book
http://www.forexfactory.com/showpost...&postcount=169


this is how my london chart looks like now
the thing with london is that u gotta be quick and out'
after having managed to not follow my startegy and making tons of rule breaks i lost loads on money
this week i made some back
looks nice

Market is a session of likelihood, its 50/50 over boundless measure of time, we can control just our entrances, which should be generally safe or high likelihood of us being correct. the key is to distinguish these zone/territories that if 60/40 first of all or 80/20 or even 99/1 for the aces. im no place close star yet, yet ideally this dynamic gathering can help on this street. region of help of protection strike a chord when considering regions where likelihood is moved to not being 50/50 for the quick here and now.

I think it is relative that what works and what doesn't. What works for one may not work for others. Every trader is unique in psychologically. That's why all successful traders have their own trading style and strategy. It's the common traders who try to exact copy of others style and strategy.

All work more or less. Some understand the indicators, some just follow fundamental, some just flow price action. The important thing is what will work for you. There is no simple answer. You have to find it by yourself. That's why forex learning is a lengthy process. By trail and error you have to find out your own trading edge.