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RENKO system with Mihailo!

  • #1,881
  • Aug 28, 2013 1:14pm Aug 28, 2013 1:14pm
nasap,

Congrats for the pips!

If I will be half as successful with my trades as you are with yours then I will be happy.

I'm testing it with my demo account before applying to my real one. Today I was able to get 50 pips with it but I don't think I've got the hang of the system yet.

I'll try and upload some screenshots and results in the future...

Good trading Everyone!!
  • #1,882
  • Aug 28, 2013 2:44pm Aug 28, 2013 2:44pm
I don't have M2 and M3 in the "open offline chart". What can I do regarding this thing?
  • #1,883
  • Aug 28, 2013 2:55pm Aug 28, 2013 2:55pm
Quoting Flaviu1981
I don't have M2 and M3 in the "open offline chart". What can I do regarding this thing?
Try closing and reopening the platform again. You may also want to load more data on the 1 minute chart you can do this by setting chart scroll to none and hitting page up. It will allow you to see more of the offline charts.
  • #1,884
  • Aug 28, 2013 3:49pm Aug 28, 2013 3:49pm
Quoting Flaviu1981
I don't have M2 and M3 in the "open offline chart". What can I do regarding this thing?



As far as I understand it:

As Renko candles cannot be drawn from MT4 by default you have to use an EA for it. Renko candles use pure price action instead of TFs+PA. So if the price moves for instance 5 pips and the Renko candle is set to close after a five pip movement into one direction, that creates a new candle. It’s irrelevant how many hours or minutes it takes for the candle to move that much.

As you can see from nasap’s screenshots, he has 4 chart windows opened for 1 pair. Why?

You need one M1 chart (with EA set up properly) for the Renko M2 chart to appear and one (with EA set up properly) for the M3 Renko chart to appear.
The M2 chart is needed because of the mini chart on M3. Indicator Stratman_MiniChart_v20 uses it. The other (M3) is where your trading happens.
So you won’t find M2-M3 offline charts in your MT4 until you have set up everything (EAs on M1 charts).
As for the indicators and settings, you can use post one and check out nasap’s posts.

You can also find a video and indies on page 78. –nasap was kind enough to post them

Please somebody correct me if I’m wrong about something.
  • #1,885
  • Aug 28, 2013 5:00pm Aug 28, 2013 5:00pm
Maybe someone could round up all the indicators that are used move the link to the installation video to the first post and go from there this question about how to install etc comes up often. I know that I kept having my platform freeze when I tried to download and then load indicators.
  • #1,886
  • Aug 28, 2013 11:20pm Aug 28, 2013 11:20pm
Quoting halfdaytrade
Hello Nasap Thank you for you tutelage in trading Renko and congrats on your mega pips today. Is there anyway you can circle your entry points on the charts you just posted today. I was trading USD/JPY and AUD/JPY and did not come close to those results. In fact on USD/JPY I got whipsawed around finally broke even When I traded AUD/JPY I only had a net of 13 pips again with whipsaws. I have been demo trading this system for over 2 months and have never come close to the results that you or a couple others are posting. I am sticking strictly to the...
Fact 1: It has never been as easy to recognize A-B-C-Pattern since using the technics of Renko Charts. Some examples as shown:

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Fact 2: Fibo Levels are very important for every trading!

Fact 3: Pivot Points are very important in accordance with Fibos and Round Numbers

(You can see many of my trades I just ignored those lines!)

Fact 4: A picture is worth a 1000 words

Put your rules on a picture and keep it open all the time.

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regards nasap
The little nut in your head is called brain. Use it!
  • #1,887
  • Aug 29, 2013 2:02am Aug 29, 2013 2:02am
Thanks for the illustrations and effort.

audjpy and cadjpy first positions out for +62pips balanced running

totally missed the eur sell down and gbpjpy up move... oh well

may i inquire as to your extension levels please. Becos of what am trying to achieve I use 50 and 818
  • #1,888
  • Aug 29, 2013 2:43am Aug 29, 2013 2:43am
+87 Pip again on USDJPY. +884 Pip so far for the week!

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regards nasap
The little nut in your head is called brain. Use it!
  • #1,889
  • Aug 29, 2013 4:00am Aug 29, 2013 4:00am
I can not run Renko template just all get stuck and paralyzed. Is this normal and I should wait or it will be opened automatically?? Any help!? thank you
  • #1,890
  • Aug 29, 2013 4:11am Aug 29, 2013 4:11am
Quoting nasap
+87 Pip again on USDJPY. +884 Pip so far for the week! {image} regards nasap
hi nasap

which indicators do you add on pallada_VQI?
  • #1,891
  • Aug 29, 2013 4:49am Aug 29, 2013 4:49am
Quoting nasap
My trades on UJ only for the past 24 hours! {image} regards nasap
Hello Nasap,
Can you share your indicators please.

Regards!
  • #1,892
  • Aug 29, 2013 5:48am Aug 29, 2013 5:48am
Quoting nasap
+87 Pip again on USDJPY. +884 Pip so far for the week! {image} regards nasap
Hi nasap
you changed box size on M2 cause on this screen it looks like box size 6 not 13 ?
  • #1,893
  • Aug 29, 2013 5:59am Aug 29, 2013 5:59am
Quoting nasap
+87 Pip again on USDJPY. +884 Pip so far for the week! {image} regards nasap
Hi Nasap,

That is a great trade mate!

Your template and indicators too are very good!

Can you share your template and indicators with a 'new bee' please.

Regards.

Sachu
  • #1,894
  • Aug 29, 2013 8:46am Aug 29, 2013 8:46am
Quoting fjubzdziu
{quote} Hi nasap you changed box size on M2 cause on this screen it looks like box size 6 not 13 ?

All I can say is rtfm!

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regards nasap
The little nut in your head is called brain. Use it!
  • #1,895
  • Aug 29, 2013 10:39am Aug 29, 2013 10:39am
Quoting nasap
{quote} All I can say is rtfm! {image} regards nasap

Hi Nasap, Who is your broker, thanks, TM
  • #1,896
  • Aug 29, 2013 9:09pm Aug 29, 2013 9:09pm
For USD/JPY, I use a 6 pip renko for the M3 chart and a 13 pip renko for the M2 chart. For EUR/NZD, I use a 12 pip renko for the M3 chart and a 25 pip renko for the M2 chart
  • #1,897
  • Aug 30, 2013 6:29am Aug 30, 2013 6:29am
Hello before I start thank you for you trading this system and congratulations for the work accomplished. I just changed to xemarkets broker and I will signal that sounds every minute and I do not know or off. thank you for help.
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  • #1,898
  • Aug 30, 2013 11:09am Aug 30, 2013 11:09am
Quoting oprad
Hello before I start thank you for you trading this system and congratulations for the work accomplished. I just changed to xemarkets broker and I will signal that sounds every minute and I do not know or off. thank you for help. {image}
I guess signal is generated by 13 EasyRyderSignals.v1.2 called or 5 SignalE indicator. Check the settings of both indicators.

regards nasap
The little nut in your head is called brain. Use it!
  • #1,899
  • Aug 30, 2013 12:03pm Aug 30, 2013 12:03pm
Quoting nasap
{quote} I guess signal is generated by 13 EasyRyderSignals.v1.2 called or 5 SignalE indicator. Check the settings of both indicators. regards nasap
Yes it came from 5 SignalE
  • #1,900
  • Aug 30, 2013 2:17pm Aug 30, 2013 2:17pm
Can you tell me your settings for Ichimoku, please?
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