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RENKO system with Mihailo!

  • #1,761
  • Aug 12, 2013 2:32am Aug 12, 2013 2:32am
here is today first trade usd/jpy +22 pips....

This method works just need to be patiente and wait for set up acording to rules,it is quite easy....

Regards!!

Zokynho
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  • #1,762
  • Aug 12, 2013 8:25am Aug 12, 2013 8:25am
Quoting nasap
{quote} I've never used it before will give it a try regards nasap
It really looks very different with the Median Renko Plugin. No valid setup on the original chart but very good with the Median Renko Plugin.

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regards nasap
The little nut in your head is called brain. Use it!
  • #1,763
  • Aug 12, 2013 8:27am Aug 12, 2013 8:27am
Quoting Zokynho
here is today first trade usd/jpy +22 pips.... This method works just need to be patiente and wait for set up acording to rules,it is quite easy.... Regards!! Zokynho {image}
You got it!

regards nasap
The little nut in your head is called brain. Use it!
  • #1,764
  • Aug 12, 2013 9:00am Aug 12, 2013 9:00am
Quoting nasap
{quote} You got it! regards nasap

Hey Nasap thanks...still thinking about transform to median renko or leave as it is....

You didnt answear about indy that is new on your chart,can you share it or it is private?

Thanks in advance,

Regards!!
  • #1,765
  • Aug 12, 2013 9:49am Aug 12, 2013 9:49am
...here is another one.... eur/jpy +20

Regards!!
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  • #1,766
  • Aug 12, 2013 11:08am Aug 12, 2013 11:08am
Here is one looser aud/jpy -30 pips....

please give your thought Nasap?

Overall today +8 pips

regards!!
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  • #1,767
  • Aug 12, 2013 3:58pm Aug 12, 2013 3:58pm
Hi friends,

thanks for the good ideas.
I carefully watched the charts, made a lot of sreenshots and noticed the '13' histograms redraw and redraw even after a bar is closed.
Only the 13 CCi is reliable when looking back in history.
I only saw 1 post about repainting ; the osma macd.
It seems nobody else has repainting issues?

thanks Talbot
  • #1,768
  • Edited 4:41pm Aug 12, 2013 4:33pm | Edited 4:41pm
Quoting Talbot
Hi friends, thanks for the good ideas. I carefully watched the charts, made a lot of sreenshots and noticed the '13' histograms redraw and redraw even after a bar is closed. Only the 13 CCi is reliable when looking back in history. I only saw 1 post about repainting ; the osma macd. It seems nobody else has repainting issues? thanks Talbot

No I had posted before about the repainting and the fact that candles are off depending on the broker you use. I checked my data as suggested and found it was fine. If you also look the HA bars are not limited to the size one specifies for example a 5 bar box can actually plot as high as a 20 pip box. This can in my view mess things up since stops may be hit using previous bars.

I am using a filter that will smooth the Renko and is supposed to take care of all that. I cant speak for the other indicators because I am not using those. It does seem to help however. As I understand it because many indicators use a look back in their algorithms Renko can mess them up because they are time based. This is what I was told in another forum by a programmer so if it is true or not I don't know. As with anything in forums ( except here in FF ) take it all with a grain of salt

I attached a screen shot of the HA candle size I didn't want to ellipse every one of them but if you look the elipse bar is actually 22 pips not 5 which means essentially trading that candle on an open ( or reversal ) you would have missed out on 15 pips. and a 20 pips range is pretty big when you consider that most currencies average daily movement is only 100 pips that's 20% of the days move on 1 candle.
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  • #1,769
  • Aug 12, 2013 8:41pm Aug 12, 2013 8:41pm
Quoting Zokynho
{quote} Hey Nasap thanks...still thinking about transform to median renko or leave as it is.... You didnt answear about indy that is new on your chart,can you share it or it is private? Thanks in advance, Regards!!
I already gave you lots of information to become a successful Trader and shared a system, which was redesigned in many hours of work. But I'm not going to share all my secrets of trading, nor sell it at this point.

regards nasap
The little nut in your head is called brain. Use it!
  • #1,770
  • Aug 12, 2013 9:25pm Aug 12, 2013 9:25pm
Quoting Zokynho
Here is one looser aud/jpy -30 pips.... please give your thought Nasap? Overall today +8 pips regards!! {image}
1st your calculation is wrong!

USDJPY => +22
EURJPY => +20
AUDJPY => -30
===========
Total ===> +8 (+12)

You gained 50% just by calculation!

Ok, let's talk about the facts! I am wondering where you saw a valid signal? On that point of your entry there is not even one of the block indicators in blue color! Why you didn't take the opportunity a bit more to the left (break of the dotted trend line)?

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But the main question is, why you bought at an impossible point? The answer is shown on the 2nd chart. Simply draw a Fibo from the low to the high and you easily can see that the 61.8% level of retracement was broken clearly! Broken means a Close below the 61.8% level. This is a absolutely NO GO, NO DEAL!

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There can be scenarios like this do work, but what I find out that in most cases it does not!

Hope this will help for the future.

regards nasap
The little nut in your head is called brain. Use it!
  • #1,771
  • Aug 13, 2013 12:50am Aug 13, 2013 12:50am
Quoting nasap
{quote} 1st your calculation is wrong! USDJPY => +22 EURJPY => +20 AUDJPY => -30 =========== Total ===> +8 (+12) You gained 50% just by calculation! Ok, let's talk about the facts! I am wondering where you saw a valid signal? On that point of your entry there is not even one of the block indicators in blue color! Why you didn't take the opportunity a bit more to the left (break of the dotted trend line)? {image} But the main question is, why you bought at an impossible point? The answer is shown on the 2nd chart. Simply draw a Fibo from the low...

Thanks for your explanation Nasap!

Regards!
  • #1,772
  • Aug 13, 2013 1:39am Aug 13, 2013 1:39am
Hi all,

What is this indicator?an someone tell me what's his name?
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  • #1,773
  • Aug 13, 2013 2:45am Aug 13, 2013 2:45am
Quoting nasap
{quote} 1st your calculation is wrong! USDJPY => +22 EURJPY => +20 AUDJPY => -30 =========== Total ===> +8 (+12) You gained 50% just by calculation! Ok, let's talk about the facts! I am wondering where you saw a valid signal? On that point of your entry there is not even one of the block indicators in blue color! Why you didn't take the opportunity a bit more to the left (break of the dotted trend line)? {image} But the main question is, why you bought at an impossible point? The answer is shown on the 2nd chart. Simply draw a Fibo from the low...

hey Nasap i just want to go back to your previous picture when you said that 4 blocks weren't blue.Yes,they were all blue when i hit buy button but after down brick they repainted,and regardind fibo think that you didn't draw it correctly.Shouldn't it be from previous big low till top?

Thanks in advance,

Regards!!
  • #1,774
  • Aug 13, 2013 2:47am Aug 13, 2013 2:47am
Quoting Zonk277
Hi all, What is this indicator?an someone tell me what's his name? {image}

It is indicator that Nasap use and on chart you can see that the name is Trade ways but think it is private indy...

regards!
  • #1,775
  • Aug 13, 2013 3:17am Aug 13, 2013 3:17am
Quoting Zokynho
{quote} hey Nasap i just want to go back to your previous picture when you said that 4 blocks weren't blue.Yes,they were all blue when i hit buy button but after down brick they repainted,and regardind fibo think that you didn't draw it correctly.Shouldn't it be from previous big low till top? Thanks in advance, Regards!!
Since you know the indi is a repainter, why don't you wait on confirmation? Sometimes its a bit too much we are going to risk and therefore we will lose. For the fibo I explained how I'm trading it. It's up to you to keep it on your mind or to draw and trade whatever you want!

regards nasap
The little nut in your head is called brain. Use it!
  • #1,776
  • Aug 13, 2013 3:45am Aug 13, 2013 3:45am
Could some one please help me get the program going I'm only interested in trading Gold at this stage but the program keeps crashing.
1 I'm loading M1 chart with EA and gold 2 Template Have also tried Template 2 on it's own M1 No directions as to where the EA goes
2 '' M1 chart with gold 3 template
3 '' M2 offline nothing applied
4 '' M3 offline showing renko bars that are working
5 Apply gold template which looks ok but the chart stops working or can jamb

I also have a problem with the number of offline chart symbols showing on the bottom bar= 10 how do I get rid of them they keep appearing each
time I start up; they can also crash the platform.
The program looks great please help me get it going.
Thanks
  • #1,777
  • Aug 13, 2013 4:13am Aug 13, 2013 4:13am
Quoting Zokynho
please give your thought Nasap?
Sure, just for you to show how it works!

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+55 Pip


regards nasap
The little nut in your head is called brain. Use it!
  • #1,778
  • Aug 13, 2013 6:05am Aug 13, 2013 6:05am
Quoting nasap
{quote} Since you know the indi is a repainter, why don't you wait on confirmation? Sometimes its a bit too much we are going to risk and therefore we will lose. For the fibo I explained how I'm trading it. It's up to you to keep it on your mind or to draw and trade whatever you want! regards nasap
I have been using this system for the last three weeks in real time and have thirteen winning trades and five losing. I think that is perfectly OK (actually its great) I am hugely suspicious of any system that never loses - it does not exist. I see the blocks repaint but then as Nasap says you might want to try and get confirmation before opening a position. I have found that when the Stratman chart crosses the line and all else confirms that usually is a good time to take a trade. Not fool proof but better than 50/50 - so far anyway. I find it amusing when people look for ways to avoid losing trades. There is only one sure way - DON'T TRADE. You only need an edge to make money and I think what Nasap has given us gives us that edge. Good MM is however, as in all systems, essential.
  • #1,779
  • Aug 13, 2013 8:37am Aug 13, 2013 8:37am
3 Trades with a total of +115 Pip for today! That's pretty good so far.

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The min. goal for the week has been reached already.

regards nasap
The little nut in your head is called brain. Use it!
  • #1,780
  • Aug 13, 2013 8:50am Aug 13, 2013 8:50am
Hi Nasap,

At your post no:1743 or no:1779 graghs, I saw some extra indi.s on Pallada indicator.
Can you share that, please?
Sorry for my bad English.

Thanks,
Regards,
BMUTLU
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