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RENKO system with Mihailo!

  • #281
  • Nov 16, 2011 2:35am Nov 16, 2011 2:35am
Hi guys,

I´m trying out Mihailo´s system with pretty good results. Thanks for your great worl Mihailo!

Can you help me? Why am I not getting any blue bars in EasyRider 1.1 if EURUSD M3 Renko chart is showing above Coral?.
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd renko.jpg Size: 147 KB
Observation is the path to discovery.
  • #282
  • Nov 16, 2011 2:42am Nov 16, 2011 2:42am
Quoting Alorente
Hi guys,

I´m trying out Mihailo´s system with pretty good results. Thanks for your great worl Mihailo!

Can you help me? Why am I not getting any blue bars in EasyRider 1.1 if EURUSD M3 Renko chart is showing above Coral?.
Hi!

Setup is not good Use ONLY M3 for trading and templates that I posted than add EasyRyder.
  • #283
  • Nov 16, 2011 3:03am Nov 16, 2011 3:03am
Hi to all!

Let mi explain something about EasyRyderSignals!

This indicator if you check Coral_Filter on true and set Coral_TimeFrame on 2 shows us indication if PA on Renko box 13 pips is below or above Coral line. This is one of the main rules in my system. That is why we have Stratmans minichart with M2 on the main window.

Price that you have to pay is that you will miss some good trades when there is drastic change of the trend like today.

Pa on M2 can not so fast cross Coral as on M3 so you will miss that trade.

There is no perfect trading system. Sometimes you have to relay on your knowledge, experience or instinct to recognize trend change and enter the trade like it was today.
Attached Image (click to enlarge)
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  • #284
  • Nov 16, 2011 3:43am Nov 16, 2011 3:43am
Quoting Mihailo
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 settings of easyryder
In your last template renko thv.tpl sets M3.

There are default settings in my EasyRider 1.1
  • #285
  • Nov 16, 2011 3:53am Nov 16, 2011 3:53am
Quoting Mihailo
That is why we have Stratmans minichart with M2 on the main window.
Pa on M2 can not so fast cross Coral as on M3 so you will miss that trade.
I think that price on the minichart M2 was stoped. Please, check it: move cursor of mouse on the last renko-bar of minichart and you can see popup-window with price.. Price is something 1.34... but now price is 1.35... I think that something happened with Stratmans minichart M2 or with data for it.
  • #286
  • Nov 16, 2011 4:32am Nov 16, 2011 4:32am
Quoting abc-forex
In your last template renko thv.tpl sets M3.

There are default settings in my EasyRider 1.1
Wooooooow my mistake!

PLEASE DONT use it.

I made changes! Now is OK!
  • #287
  • Nov 16, 2011 4:40am Nov 16, 2011 4:40am
Quoting abc-forex
I think that price on the minichart M2 was stoped. Please, check it: move cursor of mouse on the last renko-bar of minichart and you can see popup-window with price.. Price is something 1.34... but now price is 1.35... I think that something happened with Stratmans minichart M2 or with data for it.
NO!

When you do that it shows you price on main window as position of the graf (lok at picture and yellow line label)
Attached Image (click to enlarge)
Click to Enlarge Name: Wrong info.jpg Size: 55 KB
  • #288
  • Nov 16, 2011 4:41am Nov 16, 2011 4:41am
Quoting Mihailo
Hi to all!

Let mi explain something about EasyRyderSignals!

This indicator if you check Coral_Filter on true and set Coral_TimeFrame on 2 shows us indication if PA on Renko box 13 pips is below or above Coral line. This is one of the main rules in my system. That is why we have Stratmans minichart with M2 on the main window.

Price that you have to pay is that you will miss some good trades when there is drastic change of the trend like today.

Pa on M2 can not so fast cross Coral as on M3 so you will miss that trade.

There is no perfect trading...
Mihailo, I am trading both ways: With Coral Filter on and off. So far, results are much better with Coral filter off. I feel there are enough Coral filters built in the other indicators that compose EasyRyder 1.1, so maybe Coral is not needed. It is too early to tell. I will give you more info with future trading experience.
Observation is the path to discovery.
  • #289
  • Nov 16, 2011 4:44am Nov 16, 2011 4:44am
Just whipped this one up, take a look.

The first picture shows the easyryder v1 on top and the v1.1 on the bottom.
both have standard settings but no kumo filter.
the first windows shows the signals if the M2 filter was for a 5 pip renko strathman chart (as felixfx uses)
the second window shows the new v1.1 with the M2 13 renko coral filter.

the results for the last 24 hrs that have
both indicators concurring are as follow:
trades:1,2,7,11,12,and 13 are all winners with 15 pips profit targets met.
trade 6 was a loss or breakeven if you moved your stop up after 7 pips.
trade 14 was a loss.

results with just v1 (5 renko statman chart)
trades: 4,15,16 where winners with 15 pip profit targets.
trades: 3,5,8,9,10 where shady which would loose 100 pips or breakeven if you moved your stop up after 5-7 pips in profit.

The second chart is the same but with the trix filter turned off of both indicators, this seems to give a good continuation signal and i think could be applied as a re-entry signal or taking just one of these in between the major signals.

I just took trade 16 with a happy 15 pips profit even though it went another 50 after that it was a good setup though nonetheless.

so to sum it up i think that with the more common trade signals, a previous consolidation period or at least 1 or 2 opposite HA bars is a good filter, as im noticing a pattern of loosing trades due to entering to long after the previous swing.

уживати !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: easyryder comparison.jpg Size: 80 KB
Click to Enlarge Name: easyryder comparison no trix.jpg Size: 87 KB
  • #290
  • Nov 16, 2011 4:49am Nov 16, 2011 4:49am
Quoting Mihailo
NO!

When you do that it shows you price on main window as position of the graf (lok at picture and yellow line label)
Yes. You are right. Sorry.
Why renko-bars M2 so inertional? Because settings are 13 0 5?

----

Ok. Thank you. My EasyRider 1.1 is working now ok!
  • #291
  • Nov 16, 2011 5:01am Nov 16, 2011 5:01am
guys do you miss this trade ?
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  • #292
  • Nov 16, 2011 5:11am Nov 16, 2011 5:11am
Quoting Vojin71
guys do you miss this trade ?
your rule of this trade differs from rules of author
  • #293
  • Nov 16, 2011 5:18am Nov 16, 2011 5:18am
Quoting abc-forex
your rule of this trade differs from rules of author
no this was correct trade, eu and cable short for some good pips. sry I cant show any chart cause I dont trade mt4. I use easy 1.1 with flat.
try it guys
Poshcom
  • #294
  • Nov 16, 2011 5:21am Nov 16, 2011 5:21am
Quoting Vojin71
guys do you miss this trade ?
I catch that too but few candles later!


Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 49 KB
  • #295
  • Nov 16, 2011 5:24am Nov 16, 2011 5:24am
Quoting Mihailo
I catch that too but few candles later!


Wooow.. But what about the rules?
  • #296
  • Nov 16, 2011 5:25am Nov 16, 2011 5:25am
Quoting FelixFX
no this was correct trade, eu and cable short for some good pips. sry I cant show any chart cause I dont trade mt4. I use easy 1.1 with flat.
try it guys
What settings of you easy 1.1?
  • #297
  • Nov 16, 2011 5:26am Nov 16, 2011 5:26am
Quoting abc-forex
Wooow.. But what about the rules?
Exactly by the rules!
  • #298
  • Nov 16, 2011 5:30am Nov 16, 2011 5:30am
Quoting Jon618
Just whipped this one up, take a look.

The first picture shows the easyryder v1 on top and the v1.1 on the bottom.
both have standard settings but no kumo filter.
the first windows shows the signals if the M2 filter was for a 5 pip renko strathman chart (as felixfx uses)
the second window shows the new v1.1 with the M2 13 renko coral filter.

the results for the last 24 hrs that have
both indicators concurring are as follow:
trades:1,2,7,11,12,and 13 are all winners with 15 pips profit targets met.
trade 6 was a loss or breakeven if you...
Excellent analysis !

  • #299
  • Nov 16, 2011 5:41am Nov 16, 2011 5:41am
@ abc-forex

hope this will help you
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 179 KB
Poshcom
  • #300
  • Nov 16, 2011 6:08am Nov 16, 2011 6:08am
Quoting FelixFX
@ abc-forex

hope this will help you
Thank you.. (default settings as I see)
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