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RENKO system with Mihailo!

  • #261
  • Nov 15, 2011 12:01pm Nov 15, 2011 12:01pm
Quoting Jon618
Hello Mihailo and all!!!
This is my first post on this forum, so i just wanted to firstly thank Mihailo for his great system.
Ive been trading for a few years now and have been trading some renko and time charts. Although renko is great for trend trading i found it terrible when it came to the execution.
So ive been using the new combined signal that easyryder developed and the flat indicator, and i can say that it is very effective.

I can honestly say that the chart setup you developed Mihailo is the best for both trend and Price action...
Welcome!

  • #262
  • Nov 15, 2011 12:10pm Nov 15, 2011 12:10pm
Quoting dlewisfl
This definition of Renko chart is INCORRECT. Renko charts, as defined in Steve Nison's "Beyond Candlesticks" book, are based entirely on CLOSING price. New bricks are *NOT* added every time price moves the "Brick Size", they are only added if the CLOSING PRICE is above/below the last brick open/close by the brick size. It's possible to add multiple bricks at once. For example, with brick size = 50 pips and the last brick being a BULLISH brick with a close of 1.4000, no new bricks get added above the current brick unless there is a CLOSING...


I took definition from investopedia.

But you are wrong too.

There is no case when two bricks will be added

In case that you are talking about when price will be 1.4102 only one brick will be added and second will be as growing or shrinking brick.
  • #263
  • Nov 15, 2011 12:13pm Nov 15, 2011 12:13pm
Quoting abc-forex
I will try answer. If it's wrong then correct me Mihailo please.

First of all you should open 2 new charts M1 for AUDUSD. In the first chart add expert advisor RenkoLiveChart_v3.3 with settings 13 0 2 and in the second one RenkoLiveChart_v3.3 with settings 5 0 3. Expert advisor must smile ))).

After that go to menu of MT4 in File -> Open offline and find AUDUSD2 with double click and after that the same AUDUSD3 with double click.

And you should apply template for chart AUDUSD3 offline.

That's all! Have a good trading with others pairs!...
Excellent explanation but I didn't read it before I answered!

THANK YOU!
  • #264
  • Nov 15, 2011 12:14pm Nov 15, 2011 12:14pm
Quoting Vojin71
School store
Great man!

  • #265
  • Nov 15, 2011 12:19pm Nov 15, 2011 12:19pm
Quoting BG_pip
I am agree for this steps you described
but i am on about the tamplate wich tamplate to aplay ther is only RenkoTHVEUR ...... GBP and .......... JPY
nothing else for the rest pairs
There is no mater witch one will you use. When you use it you will see some strange data on minicharts like name from a diferent pair.
Delete it and save it whit name of a pair that you use. Than use it for refreshing a chart!

GL!
  • #266
  • Nov 15, 2011 12:23pm Nov 15, 2011 12:23pm
Quoting dlewisfl
I think this system was developed with an indicator that has bugs as it relates to Renko charts, it's not drawing a Renko chart. The indicator is basically drawing something closer to a RANGE BAR (although not a true Range Bar) and making it look like a Renko chart. That being said, if the system is working with the indicator as is, then that's o.k. as the goal is to make money. To be honest, I have not studied the system so can't say if it is good one way or the the other. There are several threads on FF stating they are using Renko when they...
I think that you talk about previous versions of RENKO bars without wicks. Range Bars indicator is drawing blocks every 5 or 15 pips as you set and there can be two same blocks next to each other.

Anyway it doesnt mater absolutely.

This system works!

You can call it whatever you like!

Have a nice day!
  • #267
  • Nov 15, 2011 12:26pm Nov 15, 2011 12:26pm
Quoting FelixFX
well done, I took the same trade
HI mate!

Nice trading today!
  • #268
  • Nov 15, 2011 12:34pm Nov 15, 2011 12:34pm
Well my friends....

For everyone who worships EasyRyders signals there is a new version.

In this version he added 13 Stochastic and Coral for M2 Renko box 13 pips

Look at picture 100% success on todays signals!

Version 1.0 have 69 %

If you use 15 pips for TP and 25 for Sl

Version 1.0 35 pips
Version 1.1 95 pips

FANTASTIC!

Thanks a lot EasyRyder!
Attached Image (click to enlarge)
Click to Enlarge Name: v 1.0 vs v 1.1.gif Size: 64 KB
Attached File(s)
File Type: ex4 13 EasyRyderSignals.v1.1.ex4   17 KB | 1,126 downloads
  • #269
  • Nov 15, 2011 12:41pm Nov 15, 2011 12:41pm
Quoting BG_pip
I am agree for this steps you described
but i am on about the tamplate wich tamplate to aplay ther is only RenkoTHVEUR ...... GBP and .......... JPY
nothing else for the rest pairs
And I forgot!

You will have to wait for few days to collect history data for RENKO bars!
  • #270
  • Nov 15, 2011 3:48pm Nov 15, 2011 3:48pm
hey Mihailo

this indicator is only for 13pip setup? I prefer 5 for my trading. Nice work Easy, you are da man
Poshcom
  • #271
  • Nov 15, 2011 3:59pm Nov 15, 2011 3:59pm
Quoting Mihailo
Well my friends....

For everyone who worships EasyRyders signals there is a new version.

In this version he added 13 Stochastic and Coral for M2 Renko box 13 pips

Look at picture 100% success on todays signals!

Version 1.0 have 69 %

If you use 15 pips for TP and 25 for Sl

Version 1.0 35 pips
Version 1.1 95 pips

FANTASTIC!

Thanks a lot EasyRyder!
You read my mind!!!!! this is great Mihailo and easyryder!!

Oh and just a word on some previous negative input about the particulars of renko.........I personally think that manually trading renko of any size is extremely powerfull no matter what your opinion on the tick interpretation is!
However its when you make a Renko Ea that things start to fall apart.

I find it amazing how people on forums are so critical and come accross spoilt when they are givin so much usefull free tools and information!!

I say take whats valuable, discard whats not, but dont insult those who are trying to help

Sorry ive wanted to say that for ages...........

anyway enough of that crap, lets trade
  • #272
  • Nov 15, 2011 5:00pm Nov 15, 2011 5:00pm
Quoting FelixFX
hey Mihailo

this indicator is only for 13pip setup? I prefer 5 for my trading. Nice work Easy, you are da man
Im pretty sure that it will pick up on the 5 bar M2 aswell as it just reads the price in relation to the coral, so any size bar should work.
Yeah iv found that the 5 bar can be a good filter too
  • #273
  • Nov 15, 2011 5:21pm Nov 15, 2011 5:21pm
you are right man, thx
Poshcom
  • #274
  • Nov 15, 2011 6:02pm Nov 15, 2011 6:02pm
Quoting FelixFX
hey Mihailo

this indicator is only for 13pip setup? I prefer 5 for my trading. Nice work Easy, you are da man
No its for 5pips trading.
  • #275
  • Nov 15, 2011 6:07pm Nov 15, 2011 6:07pm
Quoting Jon618
You read my mind!!!!! this is great Mihailo and easyryder!!

Oh and just a word on some previous negative input about the particulars of renko.........I personally think that manually trading renko of any size is extremely powerfull no matter what your opinion on the tick interpretation is!
However its when you make a Renko Ea that things start to fall apart.

I find it amazing how people on forums are so critical and come accross spoilt when they are givin so much usefull free tools and information!!

I say take whats valuable, discard...
  • #276
  • Nov 15, 2011 11:19pm Nov 15, 2011 11:19pm
Quoting Mihailo
Well my friends....

If you use 15 pips for TP and 25 for Sl

Version 1.0 35 pips
Version 1.1 95 pips

FANTASTIC!

Thanks a lot EasyRyder!
Could you display every trades for each versions please?
  • #277
  • Nov 15, 2011 11:59pm Nov 15, 2011 11:59pm
Quoting Mihailo
Well my friends....

For everyone who worships EasyRyders signals there is a new version.

In this version he added 13 Stochastic and Coral for M2 Renko box 13 pips
The new version of EasyRyders shows only BLUE in all my charts with different pairs..
  • #278
  • Nov 16, 2011 12:21am Nov 16, 2011 12:21am
Quoting abc-forex
The new version of EasyRyders shows only BLUE in all my charts with different pairs..
Show me a picture
  • #279
  • Nov 16, 2011 12:47am Nov 16, 2011 12:47am
Quoting Mihailo
Show me a picture
EURUSD3.. At the bottom of all indicators..

My chart not the same as yous but it doesn't matter for question about EasyRider 1.1
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-11-16 EUR EasyRider 1.1.PNG Size: 40 KB
  • #280
  • Edited 2:28am Nov 16, 2011 1:52am | Edited 2:28am
Quoting abc-forex
EURUSD3.. At the bottom of all indicators..

My chart not the same as yous but it doesn't matter for question about EasyRider 1.1
Yes it does cos there is no data that V1.1 use. Stratman minichart is settled at M3 - unusefull. Set it on M2.

You changed something in the sttings of easyryder
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