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RENKO system with Mihailo!

  • #1,941
  • Sep 6, 2013 11:41am Sep 6, 2013 11:41am
+210 Pip for NFP is pretty good, a total of +373 Pip for the week.

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Have a nice weekend!

regards nasap
The little nut in your head is called brain. Use it!
  • #1,942
  • Sep 6, 2013 3:04pm Sep 6, 2013 3:04pm
Hello All,
Hope you guys are doing great. I have come to know about 'Renko' chart few days ago. Since then I have been searching for a suitable yet effective Renko chart trading system. I read many formulas and applied many indicators/EA but nothing work for me. Some had technical problems or some just didn't show good result.
Now after finding this thread, it seemed to me that this 'Mihailo' renko system might be fruitful. So, I followed all the instructions given in the post 1 and installed everything accordingly. [See my chart which looks way different from recently posted charts here]. I also read the trading rules. But those are few years back's system or method.
Now I am seeing a bit different charts are being discussed here. Is there any final rules to follow which more or less people are following here now?
Also, what are the EAs or Indicators used in those recent charts?

Please help me guys. I am badly in need of following a good system.

Thanks
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  • #1,943
  • Sep 7, 2013 12:02am Sep 7, 2013 12:02am
CONFIRMATION OF THE RENKO BAR CROSSING 12 pip chart with the 40 period coral

i have found that the following indicator works very well for a confirm of the longer-term position...ie...whether you should be long or short the pair...thanks to all of you for your contributions to date

cheers

m
Attached File(s)
File Type: ex4 10.2 TMA TRUE v2.1 5.2.ex4   6 KB | 432 downloads
File Type: mq4 10.2 TMA TRUE v2.1 5.2.mq4   8 KB | 492 downloads
  • #1,944
  • Edited 6:17am Sep 7, 2013 5:29am | Edited 6:17am
Quoting maccanz
CONFIRMATION OF THE RENKO BAR CROSSING 12 pip chart with the 40 period coral i have found that the following indicator works very well for a confirm of the longer-term position...ie...whether you should be long or short the pair...thanks to all of you for your contributions to date cheers m {file} {file}
That indicator like the bars themselves repaints have you corrected it? Is it me or does this system just keep growing and growing and growing. I feel likethe energizer bunny
  • #1,945
  • Sep 7, 2013 8:13am Sep 7, 2013 8:13am
understand your concern;

i believe that indicator does not repeat...other TMA indicators do but i believe that does not;

i look for confirmation on the longer-term charts as when you shorten the coral...you get more false moves...this adds confirmation i believe but please test yourself and confirm

cheers

m
  • #1,946
  • Sep 7, 2013 10:04am Sep 7, 2013 10:04am
Quoting Arav007
Hello All, Hope you guys are doing great. I have come to know about 'Renko' chart few days ago. Since then I have been searching for a suitable yet effective Renko chart trading system. I read many formulas and applied many indicators/EA but nothing work for me. Some had technical problems or some just didn't show good result. Now after finding this thread, it seemed to me that this 'Mihailo' renko system might be fruitful. So, I followed all the instructions given in the post 1 and installed everything accordingly. [See my chart which looks way...

I suggest you experiment a bit with the chart, practice a lot, and develop a chart that 'talks' to you. Nasap is quite successful because he understands the function of every aspect of his chart, he has worked with it until he has it right for himself.... and what he has built may not be for you, the chart is something that you have to understand and build based on your own interpretations.
  • #1,947
  • Sep 7, 2013 11:17pm Sep 7, 2013 11:17pm
Quoting Blaiserboy
{quote} I suggest you experiment a bit with the chart, practice a lot, and develop a chart that 'talks' to you. Nasap is quite successful because he understands the function of every aspect of his chart, he has worked with it until he has it right for himself.... and what he has built may not be for you, the chart is something that you have to understand and build based on your own interpretations.

Thanks but have you seen my chart? I think it's not right one. Everything is Messy there. All others here have a decent chart which is must for a decent method. So I want the right chart first. Then a little bit of instructions of how to interpret that chart. Thus I would be able to make something hopefully.
  • #1,948
  • Sep 8, 2013 2:08am Sep 8, 2013 2:08am
Quoting Arav007
Is there any final rules to follow which more or less people are following here now? Also, what are the EAs or Indicators used in those recent charts? {image}
Quoting Arav007
{quote} I want the right chart first.
Previously, it was Mihailo's chart but recently it is NaSap's chart became more popular ... he/she simplify the whole thing

Go to page 78 (post # 1542)
You can learn about NaSap's chart, complete with all indicator he used...

Read and digest all the pages after that...i bet you'll have the right chart you've been looking for
Good luck
i worshipped... Momentum
  • #1,949
  • Sep 8, 2013 8:47pm Sep 8, 2013 8:47pm
Quoting maccanz
CONFIRMATION OF THE RENKO BAR CROSSING 12 pip chart with the 40 period coral i have found that the following indicator works very well for a confirm of the longer-term position...ie...whether you should be long or short the pair...thanks to all of you for your contributions to date cheers m {file} {file}
I didn't get some useful information from this indicator to make the system more effective! Do not forget that this system was called a scalper by Mihailo with a respective goal of 10 - 15 Pip per Trade. With the redesigned system you can gain the double easily, if you are waiting patiently for the right setup.

regards nasap
The little nut in your head is called brain. Use it!
  • #1,950
  • Sep 8, 2013 9:13pm Sep 8, 2013 9:13pm
Quoting Arav007
{quote} Thanks but have you seen my chart? I think it's not right one. Everything is Messy there. All others here have a decent chart which is must for a decent method. So I want the right chart first. Then a little bit of instructions of how to interpret that chart. Thus I would be able to make something hopefully.
It doesn't look messy or wrong, it shows exactly the chart according to the original instructions / manual. If you want more or if you are not satisfied, you must read more than the 1st and last page of a thread only!

regards nasap
The little nut in your head is called brain. Use it!
  • #1,951
  • Sep 9, 2013 7:07am Sep 9, 2013 7:07am
It has been an awful day for trading so far.
Only one opportunity for me:

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Good luck folks!
  • #1,952
  • Sep 9, 2013 11:04am Sep 9, 2013 11:04am
Quoting Arav007
{quote} Thanks but have you seen my chart? I think it's not right one. Everything is Messy there. All others here have a decent chart which is must for a decent method. So I want the right chart first. Then a little bit of instructions of how to interpret that chart. Thus I would be able to make something hopefully.

I do not think it looks messy, I do think that you do not understand all that is on your chart. Try to remove an item and see if you understand the remaining chart. put that one back and then remove another..

These people who have the neat and tidy looking charts have examined what is available and then made their changes. and that would have taken them many hours of study. You will have to devote weeks of learning to master this in order to get the rewards. The most important area of your chart is the price bars. Learn how to read them and then have a look at the other indicators.

You can also study the THV thread where the system was developed to get an insight as to the indicators.
  • #1,953
  • Sep 9, 2013 1:47pm Sep 9, 2013 1:47pm
I'm back in the game Thank you Calstar!!!

140 on Cad and counting
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  • #1,954
  • Sep 9, 2013 5:25pm Sep 9, 2013 5:25pm
@nasap, Can you please upload the template that you use ?
  • #1,955
  • Sep 9, 2013 8:44pm Sep 9, 2013 8:44pm
Quoting nasap
+210 Pip for NFP is pretty good, a total of +373 Pip for the week. {image} {image} Have a nice weekend! regards nasap

Hi Nasap
I remember you said that you are using Line Trader EA for entering the market...
Is it because in this strategy, 'instant execution' is quite difficult to do?

Sometimes market moves so fast, once it moves ... bammm,it never looked back...causing us missing the good entry point
As we knew chasing the market is not a good idea, it often will lead us to trouble

Regards,

RockRobb
i worshipped... Momentum
  • #1,956
  • Sep 10, 2013 3:53am Sep 10, 2013 3:53am
Quoting rockrobb
{quote} Hi Nasap I remember you said that you are using Line Trader EA for entering the market... Is it because in this strategy, 'instant execution' is quite difficult to do? Sometimes market moves so fast, once it moves ... bammm,it never looked back...causing us missing the good entry point As we knew chasing the market is not a good idea, it often will lead us to trouble Regards, RockRobb
'instant execution' is quite difficult on all systems on upcoming PA but more difficult with Renko and HA overlay! You have the choice to set a Limit / Stop Order or let the work be done by an EA like LineTrader.

regards nasap
The little nut in your head is called brain. Use it!
  • #1,957
  • Sep 10, 2013 4:50am Sep 10, 2013 4:50am
Quoting rockrobb
{quote} Hi Nasap I remember you said that you are using Line Trader EA for entering the market... Is it because in this strategy, 'instant execution' is quite difficult to do? Sometimes market moves so fast, once it moves ... bammm,it never looked back...causing us missing the good entry point As we knew chasing the market is not a good idea, it often will lead us to trouble Regards, RockRobb

please can any one upload or share with me this Line Trader EA
  • #1,958
  • Sep 10, 2013 5:53am Sep 10, 2013 5:53am
Hello fellows !

Though I haven't seen any repainting issues with the original indicators mihailo posted in post #1 , I still think I should ask my fellow traders that if they have seen these indicators repainting in any manner , if yes then what can one do to avoid these situation ?

Thanks !
  • #1,959
  • Sep 10, 2013 6:31am Sep 10, 2013 6:31am
Quoting khwaj18
Hello fellows ! Though I haven't seen any repainting issues with the original indicators mihailo posted in post #1 , I still think I should ask my fellow traders that if they have seen these indicators repainting in any manner , if yes then what can one do to avoid these situation ? Thanks !
I don't think that they repaint unless it's an active candle and the direction of PA reverses within the candle itself.

My entries for today so far:

USD/JPY and AUD/USD:
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  • #1,960
  • Sep 10, 2013 6:42am Sep 10, 2013 6:42am
Quoting Harada
{quote} I don't think that they repaint unless it's an active candle and the direction of PA reverses within the candle itself. My entries for today so far: USD/JPY and AUD/USD: {image} {image}

Dear Harada ! thank you for your kind reply , I need to know one more thing , what parameters do you guys use as far as the indicators are concerned inorder to spot a perfect setup ? like I am asking you about the settings ? weather you guys prefer the early signal set to true or false and also what about the M3 Corol filter ? Appreciate your support !

Regards
Bilal .
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