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  • #61
  • Apr 16, 2011 12:26pm Apr 16, 2011 12:26pm
Quoting zamanib
http://novacodetrader.com/s/novachart-2/ go here enter your email and will get the free rangebar

I download if these from Nova website

It seems as if we have to execute the script on the 1 m chart every time we start the MT4 otherwise range bars stop updating , is this correct or is there any way we can overcome this problem?
Regards
  • #62
  • Apr 16, 2011 12:41pm Apr 16, 2011 12:41pm
Quoting howard
It seems as if we have to execute the script on the 1 m chart every time we start the MT4 otherwise range bars stop updating , is this correct or is there any way we can overcome this problem?
Yes - we all wanted it all --I did not find away to over come this problem -- I hope one genius will program it -- or MT4 add rangebar to the platform
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #63
  • Apr 16, 2011 1:33pm Apr 16, 2011 1:33pm
Quoting zamanib
Yes - we all wanted it all --I did not find away to over come this problem -- I hope one genius will program it -- or MT4 add rangebar to the platform
Hi Zaman,

You have nice simple system here. I have a commercial version of the rangebar but I am not sure if it is appropriate to mention the link here. It do updates on every tick and comes in EA, Script and Indicator versions.

I have checked your template on Renko bars as well and seems to have the similar feel as the Rangebar charts. So I think can be used in Renko charts with similar success but need to be checked though. I have attached a GBPUSD 10pip size box renko chart with your template applied. Please give your feedback.

Regards,

hnk
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_renko.gif Size: 30 KB
  • #64
  • Apr 16, 2011 2:59pm Apr 16, 2011 2:59pm
Quoting howard
It seems as if we have to execute the script on the 1 m chart every time we start the MT4 otherwise range bars stop updating , is this correct or is there any way we can overcome this problem?
Run it as an EA. EA's remain on the chart even after restarts.

 

  1. Copy the file to the EA folder.
  2. Restart MT4.
  3. Enable 'Expert Advisors' in the Options Dialog. CTRL-0 -> 'Expert Advisors' tab.
  4. Enable 'Expert Advisors' in the MT4 tool bar.
  5. Load the s-Constant-Range-Bars.ex4 EA from the 'Expert Advisors' section of the navigator to your M1 Chart.
  6. Open the offline chart.

  • #65
  • Apr 16, 2011 3:33pm Apr 16, 2011 3:33pm
Quoting Xaphod
Run it as an EA. EA's remain on the chart even after restarts.

 

  1. Copy the file to the EA folder.
  2. Restart MT4.
  3. Enable 'Expert Advisors' in the Options Dialog. CTRL-0 -> 'Expert Advisors' tab.
  4. Enable 'Expert Advisors' in the MT4 tool bar.
  5. Load the s-Constant-Range-Bars.ex4 EA from the 'Expert Advisors' section of the navigator to your M1 Chart.
  6. Open the offline chart.

Yes, thanks a lot, it did the job
Regards
  • #66
  • Apr 16, 2011 4:06pm Apr 16, 2011 4:06pm
Quoting hnk
Hi Zaman,

You have nice simple system here. I have a commercial version of the rangebar but I am not sure if it is appropriate to mention the link here. It do updates on every tick and comes in EA, Script and Indicator versions.

I have checked your template on Renko bars as well and seems to have the similar feel as the Rangebar charts. So I think can be used in Renko charts with similar success but need to be checked though. I have attached a GBPUSD 10pip size box renko chart with your template applied. Please give your feedback.

Regards,...
HNK
Your Chart seems like RENKO with Wicks on, not RangeBars. Range Bars are different please see the charts Zaman posted.
  • #67
  • Apr 16, 2011 5:15pm Apr 16, 2011 5:15pm
This is the setup I use:

Go Long:
Price closes above Kumo
Tenkan above Kijun pointing up and close to price
Chinkou above price 26 periods before
Future Kumo bullish

Opposite for short.
Stick to the entry rules religiously and this seems to work amazingly well.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 30 KB
  • #68
  • Apr 16, 2011 11:06pm Apr 16, 2011 11:06pm
Quoting forexzak
HNK
Your Chart seems like RENKO with Wicks on, not RangeBars. Range Bars are different please see the charts Zaman posted.
Dear forexzak,

Please read my message carefully. I am refereing to Renko bars and comparing them with rangebars that is why I posted a Renko chart to see the Zaman setup on a Renko chart.

Regards,

hnk
  • #69
  • Apr 16, 2011 11:28pm Apr 16, 2011 11:28pm
Quoting tiverton
Just some info on Nova Code.

Been doing some research of Nova Code after seeing so much positive comments and hype on its charts page. It seems that the reviews of some their customers indicates that the product they are selling is a scam. So just go for the free range bar downloads guys.
I said before I did not buy there system-- But I took there free indicators and learn a few new tips from them
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #70
  • Apr 16, 2011 11:31pm Apr 16, 2011 11:31pm
Quoting hnk
Hi Zaman,

You have nice simple system here. I have a commercial version of the rangebar but I am not sure if it is appropriate to mention the link here. It do updates on every tick and comes in EA, Script and Indicator versions.

I have checked your template on Renko bars as well and seems to have the similar feel as the Rangebar charts. So I think can be used in Renko charts with similar success but need to be checked though. I have attached a GBPUSD 10pip size box renko chart with your template applied. Please give your feedback.

Regards,



hnk...
Look there is no perfect system-- as we see on your chart more clear winners than loss also try both setting on 4/12/24 and 8/24/48 on the 15pips renko
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #71
  • Apr 17, 2011 2:54am Apr 17, 2011 2:54am
I'm struggling with this, I've attached a chart with range bars and this setup (2nd image) and another with standard Ichimoku and 10 pip Renko.
I fail to see the benefit here, seems like the standard Ichimoku would keep you out of weak trades and prove much more effective?
Am I missing something?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 36 KB
Click to Enlarge Name: 2.gif Size: 27 KB
  • #72
  • Apr 17, 2011 5:09am Apr 17, 2011 5:09am
Quoting forex1962
I'm struggling with this, I've attached a chart with range bars and this setup (2nd image) and another with standard Ichimoku and 10 pip Renko.
I fail to see the benefit here, seems like the standard Ichimoku would keep you out of weak trades and prove much more effective?
Am I missing something?
That fine with me -- not all of us will see benifits -- But I am sure there is lots of positive pip on my 15 pip rangebars on both settings- And I can prove this- but what the pointing in doing so.
If this is not for you move on to something else
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #73
  • Apr 17, 2011 6:53am Apr 17, 2011 6:53am
Quoting zamanib
That fine with me -- not all of us will see benifits -- But I am sure there is lots of positive pip on my 15 pip rangebars on both settings- And I can prove this- but what the pointing in doing so.
If this is not for you move on to something else
Take it easy mate nothing personal, I'm just asking if I'm missing something, if I am I'd like to know.
  • #74
  • Apr 17, 2011 6:56am Apr 17, 2011 6:56am
Quoting zamanib
I said before I did not buy there system-- But I took there free indicators and learn a few new tips from them
I know. Just a friendly "stay clear" suggestion for anyone who are interested in their product.

One thing I notice with your Ichimoku clouds breakout system relies on is the oscillation of price action back and across the cloud. Some big and some small. Hence, in a ranging market, TP has to be reduced for greater success.

Cheers!
  • #75
  • Apr 17, 2011 9:40am Apr 17, 2011 9:40am
The one thing I do not like about renko bars is that a larger stop loss is needed than with range bars of the same size.

For a reverse renko bar to be drawn, on a 10 pip renko chart, price has to move 20 pips in the opposite direction. During a phase of whipsaw price action losses will be larger than with range bars. Just from the fact how renko is drawn.
  • #76
  • Apr 17, 2011 12:25pm Apr 17, 2011 12:25pm
Would greatly appreciate some help with a problem I have.

The standard setting is 8 and although I change to 15 it always seems to revert back to 8. If I try to save the change to 15 a presets box appears but I don't know what/how I should deal with this.

Also, does any one find that the range bar system has averse effects with the CPU. Seems to keep stopping updating with mine even with only one chart open whereas with normal candlestick charts I can have several open without any problem.
  • #77
  • Apr 17, 2011 1:45pm Apr 17, 2011 1:45pm
I'm a big fan of the ichimuko clouds. Interesting idea with the breakout system zamanib, i'll follow with interest!
  • #78
  • Apr 18, 2011 10:25am Apr 18, 2011 10:25am
Hi Zamanib just wanted to say thanks - awesome strategy

thanks again
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_RANGE_TRADING.PNG Size: 64 KB
  • #79
  • Apr 18, 2011 11:52am Apr 18, 2011 11:52am
I just want to say that today i made easily 130 pips, on 3 pairs, eu, gu, ej. My stops 30pips tp 50 pips. 2 entries reach easily 50 pips, one i closed earlier because i had to go to work. But all those entries could made much more pips. Great strategy, that's what i was lookong for. I'm using 200 sma, and pivots to have better confirmation of trend. But even counter trend entries are profitable. Really reall good strategy, THANK YOU ))
  • #80
  • Apr 18, 2011 1:32pm Apr 18, 2011 1:32pm
Quoting heath
Hi Zamanib just wanted to say thanks - awesome strategy

thanks again
happy to see some guys are pipping
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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