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RENKO system with Mihailo!

  • #1,921
  • Sep 4, 2013 2:44am Sep 4, 2013 2:44am
Quoting nasap
{quote} All parameters for the block indicators are the same. Depending on your trading style you set it to false if you are conservative trader. Set it to true if you are more agressive trader. In accordance to the settings of the block indicators you also must adjust the #Pallada VQI! regards nasap
thank you to answer. Your opinion on this reflection
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  • #1,922
  • Sep 4, 2013 3:26am Sep 4, 2013 3:26am
Hello there can anyone tell me if there is a special setup for the pallada VQI indicator because mine is looking diferent.Thank you very much
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  • #1,923
  • Sep 4, 2013 3:55am Sep 4, 2013 3:55am
Quoting marcelms
Hello there can anyone tell me if there is a special setup for the pallada VQI indicator because mine is looking diferent.Thank you very much{image}
Me for now 0,12,1,1,2. Objectif hit.
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  • #1,924
  • Sep 4, 2013 4:01am Sep 4, 2013 4:01am
Quoting oprad
{quote} Me for now 0,12,1,1,2. Objectif hit. {image}

Thank you,but when i set it like that the indicator disapear from window
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  • #1,925
  • Sep 4, 2013 4:10am Sep 4, 2013 4:10am
Quoting oprad
{quote} Me for now 0,12,1,1,2. Objectif hit. {image}
Thanks.... am partial to those settings too as it mimics something very impt for me . ( a fast version )
For Me VQ should not be too small the number. However, I have mine smoothed as intraday swing fits better.

Good trade !!.....congrats

Was in that too
  • #1,926
  • Sep 4, 2013 4:15am Sep 4, 2013 4:15am
Quoting marcelms
{quote} Thank you,but when i set it like that the indicator disapear from window{image}
record the model and reload the template.
  • #1,927
  • Sep 4, 2013 4:22am Sep 4, 2013 4:22am
Quoting oprad
{quote} record the model and reload the template.

Please forgive me but i dont understand what you mean
  • #1,928
  • Sep 4, 2013 4:31am Sep 4, 2013 4:31am
Quoting marcelms
{quote} Please forgive me but i dont understand what you mean
1 save template. 2 remove template. sorry but my english is bad. Why you sell on EJ M2 chart the price is above coral.
  • #1,929
  • Sep 4, 2013 4:53am Sep 4, 2013 4:53am
Quoting oprad
{quote} 1 save template. 2 remove template. sorry but my english is bad. Why you sell on EJ M2 chart the price is above coral.

I got out of that trade with +14 pips
  • #1,930
  • Sep 4, 2013 6:32am Sep 4, 2013 6:32am
Hi Guys

can anyone point me to where i can get the fibo indicator that was on NASAP's chart;

What you are doing looks very good NASAP...keep it up; be good if we could find a way to maintain a long hold on positions based on the M2 chart
as some of the runs this week have been very good...AUDJY, EUAUD

many thanks NASAP

mark
  • #1,931
  • Sep 4, 2013 7:48am Sep 4, 2013 7:48am
Quoting maccanz
Hi Guys can anyone point me to where i can get the fibo indicator that was on NASAP's chart; What you are doing looks very good NASAP...keep it up; be good if we could find a way to maintain a long hold on positions based on the M2 chart as some of the runs this week have been very good...AUDJY, EUAUD many thanks NASAP mark

Is fibo retracement an indicator ? I always thought its a tool thats standard on mt4.

learn your platform and learn how to configure it.

It boggles me how people want to trade but cant get past basic stuff hahahah
  • #1,932
  • Sep 4, 2013 7:00pm Sep 4, 2013 7:00pm
Hey guys, calm down! No need to tell such a kind and loving words to each others! You should use your energy for the more important things instead. Concentrate on trading.

I have one Trade only for yesterday with a total of +73 Pips. My trade has been stopped out this morning, still too much resistance.

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regards nasap
The little nut in your head is called brain. Use it!
  • #1,933
  • Sep 5, 2013 1:53am Sep 5, 2013 1:53am
Hi Nasap,

At your last trade, yu did well.
But your M2 and M3 charts don't look like mine. My block size for M2 is 13 and for M3 is 5.
What're your block sizes for M2 and M3?

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Thanks,

Regards,
BMUTLU
  • #1,934
  • Sep 5, 2013 2:40am Sep 5, 2013 2:40am
Quoting barmut
Hi Nasap, At your last trade, yu did well. But your M2 and M3 charts don't look like mine. My block size for M2 is 13 and for M3 is 5. What're your block sizes for M2 and M3? {image} Thanks, Regards, BMUTLU
Nasap said some post back "Since I am using median renko indicator on M2 chart I am up with brick size of 12 / 4. I trade a bit more aggressive because I want to enter early. Also the Coral I changed to 40. With this settings you have to be very careful!"
  • #1,935
  • Sep 5, 2013 4:27am Sep 5, 2013 4:27am
I was wondering if i have to wait until the price close above coral or it's enough just to close above cloud in a uptrend.As in this picture
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  • #1,936
  • Sep 5, 2013 5:49am Sep 5, 2013 5:49am
Quoting marcelms
I was wondering if i have to wait until the price close above coral or it's enough just to close above cloud in a uptrend.As in this picture{image}
Coral and Block Indicators are the heart of the system (filter). If you dont want to use this filters, just ignore them and find your own rules! You will find many of such entries if you look back and you will always ask yourself, "why I have to wait?". On the other hand you will have not entered into a trade, because PA was still not above / below Coral and you have been protected from false signal. Then you are happy again!

regards nasap
The little nut in your head is called brain. Use it!
  • #1,937
  • Sep 5, 2013 6:01am Sep 5, 2013 6:01am
Almost the same Trade like what I did yesterday. Entry very early becoz of the same price level. +90 Pip again!

@marcelms: The green line is equal to the Coral of the M2 chart. All indicators showing long direction. But still below Coral!

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regards nasap
The little nut in your head is called brain. Use it!
  • #1,938
  • Sep 6, 2013 12:52am Sep 6, 2013 12:52am
I'm happy, fetched some nice pips prior to the NFP today.

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Good luck to everybody!

regards nasap
The little nut in your head is called brain. Use it!
  • #1,939
  • Sep 6, 2013 4:28am Sep 6, 2013 4:28am
Some more Pips! The calm before the storm now.

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regards nasap
The little nut in your head is called brain. Use it!
  • #1,940
  • Sep 6, 2013 5:28am Sep 6, 2013 5:28am
Quoting halfdaytrade
So yesterdays results I managed 31 pips. Does anyone have an exit strategy that they use for this system? I know Nasap said MYFX but that's a trade manager and I don't see the point of it. I noticed that in a fast market candles will repaint is this a glitch? {image}

It is not a glitch Renko does repaint so you have to be careful with your entry. You can use indicators as a filter as many are doing here but remember that the indicators that you are using are designed for time frame trading as a result they will show things much faster and the indicators need to be optimized properly for use on a Renko chart.
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