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Renko Trading For Gamers (RTFG)

  • #1,361
  • Jan 28, 2011 7:08pm Jan 28, 2011 7:08pm
Petar said, that in order for Pandora Box to be valid, there must be candles closed above and below baby bolinger bands on opposite site so there is a low and a high, otherwise it is a continuation (consolidation). So it is one big downtrend without pandora boxes on the picture, but you can use those dottet lines to reenter the trend.

EDIT: look at the picture, there is one blue candle half of which closed above bollinger, so it is high and previous a low, so it's a pandora box, but a very narrow one. I did not see it in the beginning!


http://www.forexfactory.com/showpost...&postcount=237

is it the original pandora box?
I found a penny today. That's +100 pips for me.
  • #1,362
  • Jan 29, 2011 4:03am Jan 29, 2011 4:03am
Quoting ReaM
Petar said, that in order for Pandora Box to be valid, there must be candles closed above and below baby bolinger bands on opposite site so there is a low and a high, otherwise it is a continuation (consolidation). So it is one big downtrend without pandora boxes on the picture, but you can use those dottet lines to reenter the trend.

EDIT: look at the picture, there is one blue candle half of which closed above bollinger, so it is high and previous a low, so it's a pandora box, but a very narrow one. I did not see it in the beginning!


http://www.forexfactory.com/showpost...&postcount=237

is...
Ok thanks for the clarification that's kind of the way I understood it too, but wasn't sure about the difference between a full body & half body candles that closes outside the BBs, and then having the HA on renko candles with wicks distorts their view in mho, reason I like to see the naked candle sticks is to see the price action in the wicks more easily, I know you can get used to using HA on them, but I also like to use renko range bars more than the regular renko bars as well so mine isn't the original setup either. I may have to try out that fractional renko brick making indi you posted this weekend, where'd you find it? & I'll see if that looks like the original Pandora box method, it probably is since it has been downloaded 500 times thus far.
I see what you mean the piptronic support line become resistance on nearly the exact same line as well so yes it does very much look like it was able to draw the pandor's box top for me on that chart without me even realizing it. A cleanly closed HA candle stick will also be very flat & square on top correct?
  • #1,363
  • Jan 29, 2011 4:14am Jan 29, 2011 4:14am
[quote=pipextract;4354377]
Quoting 45Fxguy
Just for extra confirmation, would be great if we could have some folks in the RTFG thread post some pandora's box charts setups with this...
We don't meet on skype as often as we used to Shailesh, so probably best place to get any questions answered is to post charts & ask them here.
What time zone are you in?
  • #1,364
  • Jan 29, 2011 5:01am Jan 29, 2011 5:01am
Quoting ReaM
Comparing 10 brick size renko and 5, the same day, 25 January.

The actual box is better used with 10 brick size. The entry is clear on the top image. While 5 is better for scalping.

I think in the end 10 is a bit more profitable, if conditions are met, it is a 80% win.
Hello Ream,

You gave me idea for Pandoeas,we can watch 2,3 different brick sizes and than we can decide where is the best setup,i didnt try that in past but if i got some time i will for sure becouse i want to help other traders wich works on Renko...


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #1,365
  • Jan 29, 2011 5:09am Jan 29, 2011 5:09am
Quoting 45Fxguy
Ok thanks for the clarification that's kind of the way I understood it too, but wasn't sure about the difference between a full body & half body candles that closes outside the BBs, and then having the HA on renko candles with wicks distorts their view in mho, reason I like to see the naked candle sticks is to see the price action in the wicks more easily, I know you can get used to using HA on them, but I also like to use renko range bars more than the regular renko bars as well so mine isn't the original setup either....
I found the indi in some EA robot renko thread, the thread had only 12 pages or so and someone posted it and said it is better than live chart 3.2 and that's it. I remember it said under the username "banned" but I would not be able to find that post.

Pandora Boxes are easier to spot when there is a little more movement in the market. On the screenshot it still looks like a downtrend paused for a bit and then resumed.
I found a penny today. That's +100 pips for me.
  • #1,366
  • Feb 3, 2011 2:27pm Feb 3, 2011 2:27pm
Guys...I have a programming request for an indicator that would help people trade the Renko Bars properly...

I find constantly that you can miss a move or signals if you're not careful when trading the renkos because a 5 pip block for instance may have moved 4 pips or so in over say 15 minutes, and all of a sudden it moves another pip or so and the next brick starts, before you know it by the time you place your order you've missed your trade by a few pips...

Okay so heres an idea...Can anybody program a simple indicator that can display in a big number on the chart, how many pips left to move in the current renko brick?

For instance if you use 5 pip bricks, and price has moved 2 pips into the current brick, the indicator would display the number 3 to tell you 3 more pips to go till the brick is complete? Does this make sense?

An option to set what size Renko Bricks you're using would be cool so people using different size bricks can get the indicator to countdown correctly. Any extra options like being able to select font size, font color and font type as well as position on the screen, top/bottom/left/right would be great.

Does this sound like a helpful indicator to anybody?
  • #1,367
  • Feb 5, 2011 12:10am Feb 5, 2011 12:10am
Hi Guys,
I need some help!
I had a computer problem and lost the 2min history files generated by the RenkoLiveChart expert. Now that there are no ticks coming into the terminal during the weekend, I cannot generate those hst files, and I have a strategy to test.
I would greatly appreciate if someone would send me some of those hst files. They are normally located in the MT4history folder and called like EURUSD2.hst.
Please!
  • #1,368
  • Feb 5, 2011 4:47am Feb 5, 2011 4:47am
Offline tick generator,

click on start then pause again and then you can have your offline chart open. The little program fakes ticks.

Or you can use the renko indicator I posted on previous page, it lets you open renko on weekends.
Attached File(s)
File Type: zip mt4_ticker.zip   16 KB | 727 downloads
I found a penny today. That's +100 pips for me.
  • #1,369
  • Edited 5:41am Feb 5, 2011 4:54am | Edited 5:41am
Quoting ReaM
Offline tick generator,

click on start then pause again and then you can have your offline chart open. The little program fakes ticks.

Or you can use the renko indicator I posted on previous page, it lets you open renko on weekends.
Thank you, ReaM! You saved me like 36 hours! Greatly appreciated.
  • #1,370
  • Feb 10, 2011 5:34am Feb 10, 2011 5:34am
Hello 45Fxguys, Ream and all other people here,

I need a little help from you at least to understand if I'm doing something wrong. I'm trying to backtest a little EA based on RenkoRangeBar 1.2 using the standard method (explained by Aktur) that I succesfully used in the past for the usual Renko charts.

So, I changed a bit the RenkoRangeBar source in order to act as a script and to generate the renko chart with a standard timeframe. Obviously, all is done with MT4 disconneted from the broker.

I open the 1 min chart, then I drag the RenkoRangeBar script and I get my renko 5M .hst file. The .hst file seems to be perfect. The header is ok as well all the other things. The chart opens in MT4 and is perfect but, when I run the tester, I only get the message "Invalid file for <crossname>5M" and the tester stops.

Have you ever tried to backtest RenkoRangeBar charts? Have you ever encountered such a situation? Could you suggest any workaround?

Many thanks for your help
Mimmo
  • #1,371
  • Feb 10, 2011 6:24am Feb 10, 2011 6:24am
Quoting skipperxit
I need a little help from you at least to understand if I'm doing something wrong. I'm trying to backtest a little EA based on RenkoRangeBar 1.2 using the standard method (explained by Aktur) that I succesfully used in the past for the usual Renko charts.
Mimmo
There is an article in Russian in the codebase on the subject "Testing experts on non-standard timeframes" - http://articles.mql4.com/ru/790
You can try to translate using google: http://translate.google.ru/translate...com%2Fru%2F790
Never tried it though...
See Russian page version for pictures if you want to try
  • #1,372
  • Feb 10, 2011 7:51am Feb 10, 2011 7:51am
Many thanks FatherJack,

that could be helpful. I'll have a deeper look.

At a glance, it is not so much different from what I'm already doing but, as I said, I had just a quick look with the translator.

Unfortunately, I think the problem is related in some way to the strange time of each renko bar and to the cumulated volumes. But the procedure I'm using with the RenkoLiveScript 1.7 is the same and it works.

In addition, there are no info about the meaning of the message "Invalid file for..."

Mimmo
  • #1,373
  • Feb 10, 2011 8:23am Feb 10, 2011 8:23am
Quoting skipperxit
Oh, and one more thing I remember is that someone said he was using a hex editor to substitute the header (or he used the word "beginning", not sure) of the generated non-standard chart by header of a regular chart (like replace the first 96 bits or something), then changing the name of the non-standard chart to regular... But not being a computer person, I forgot the exact instruction... Fail to google it now...
If you succeed in any way, please share the method,
Cheers
  • #1,374
  • Mar 2, 2011 11:30am Mar 2, 2011 11:30am
Quoting skipperxit
Hello 45Fxguys, Ream and all other people here,

I need a little help from you at least to understand if I'm doing something wrong. I'm trying to backtest a little EA based on RenkoRangeBar 1.2 using the standard method (explained by Aktur) that I succesfully used in the past for the usual Renko charts.

So, I changed a bit the RenkoRangeBar source in order to act as a script and to generate the renko chart with a standard timeframe. Obviously, all is done with MT4 disconneted from the broker.

I open the 1 min chart, then I drag the RenkoRangeBar...
Hi skipperxit,
Sorry for late response must of missed your post a while back, no I haven't tried to back-test RRBs because I never had much luck like most backing testing renko charts because always gave me unrealistic results, & the last couple of times I tried to do it couldn't get the offline 5 min chart to even generate. I might try again later with new broker I'm demoing right now but no real plans to.
  • #1,375
  • Mar 3, 2011 2:57pm Mar 3, 2011 2:57pm
Quoting WilteredFire
Guys...I have a programming request for an indicator that would help people trade the Renko Bars properly...

I find constantly that you can miss a move or signals ...
Hope that this will help !
Attached File(s)
File Type: ex4 End of Brick Label.ex4   5 KB | 630 downloads
  • #1,376
  • Mar 5, 2011 10:57am Mar 5, 2011 10:57am
Someone asked for an EA to show lines for SL/TP. Attached are 2 types:

Trailing Lines is a script you can use once the trade is entered (I set a a hotkey of CTRL Q to initiate it). This gives a red and a green line you can move -- the values for SL/TP are hidden from the broker and do not show up in the MT4 terminal screen (so don't turn off your computer or they won't work).

Order Manager is an EA that will run automatically once the trade is entered -- it does reveal the SL/TP to the broker and is shown in the MT4 terminal screen.

Personally, I prefer to hide my SL/TP from the broker (I do use an SL/TP the broker can see for emergencies like if I lose my internet connection). I use the Trailing Lines script every day and have never had any problems. You can change the starting SL/TP in the source code and recompile so the lines start out where you want them.

Please note these are not mine -- I probably downloaded these from FF,F-TSD, or the mql forum or somewhere. I am not a programmer.

I hope these are helpful to someone...

pipcollector

Quoting 45Fxguy
Linkedin is just a very fancy social network for professionals.
The reason I thought of them is because there are some very specific groups you can join there that may help you decide or not if you really want to make another change, but I'm sure you'll be successful in whatever decision you make.

Did you have any luck finding that ea to makes moving your tp/sl around on the chart possible in MT4?

If you didn't I can probably find it for you this weekend.
Attached File(s)
File Type: mq4 TrailingLinesSL_TP.mq4   5 KB | 647 downloads
File Type: mq4 TrailingLinesSL_TP - 5 digit.mq4   5 KB | 602 downloads
File Type: mq4 OrderManager.mq4   7 KB | 601 downloads
  • #1,377
  • Mar 5, 2011 2:20pm Mar 5, 2011 2:20pm
Thank you pipcollector and Mihailo!
I found a penny today. That's +100 pips for me.
  • #1,378
  • Edited 12:12pm Mar 9, 2011 9:12am | Edited 12:12pm
thank you mihailo for this system.

in my chart how can I delet the alert ?http://www.forexrainbow.com/images/6...3368710257.gif
  • #1,379
  • Mar 11, 2011 3:29am Mar 11, 2011 3:29am
Quoting behrouzfx
thank you mihailo for this system.

in my chart how can I delet the alert ?
Delete FFcal indicator from custom indicators
  • #1,380
  • Mar 14, 2011 10:52am Mar 14, 2011 10:52am
thank you mihailo

a question:

how can i find thv v4 and discirptions?
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