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Simple High Probability Trading

  • #61
  • Oct 24, 2013 7:24am Oct 24, 2013 7:24am
Quoting paapi
{quote} Hi Dr. the indi i used for range bars is the one that is posted in #34 or so by DrScalpall. it is a demo and i was testing something so.., no worries about the trade. i pasted the s-Constant Range Bars in the experts folder and then dragged it on the 1 min chart and used the pop up window to set the indi and opened the offline chart in the MT4 and applied all the indicators needed. hope this helps.
Yes it does. The offline chart you used was a M2? I am not sure what the difference is if you use ofline M2, M1 or M30. Either way many thanks. Keep in touch and let us know how your demo is working. I am going to test this as well. eur.usd what range are you using? I would think 8-10 would work great. Many thanks.
  • #62
  • Oct 24, 2013 7:31am Oct 24, 2013 7:31am
Hi Dr

Would you know how I could get the range indicator for MT4 ?

I'd be willing to pay for it.

I have tried a few, but to no avail.

Thanks in advance,

Mark
  • #63
  • Oct 24, 2013 7:32am Oct 24, 2013 7:32am
Quoting DrNoStopLoss
{quote} Yes it does. The offline chart you used was a M2? I am not sure what the difference is if you use ofline M2, M1 or M30. Either way many thanks. Keep in touch and let us know how your demo is working. I am going to test this as well. eur.usd what range are you using? I would think 8-10 would work great. Many thanks.
S, according to Nexas he uses 8 to 10 pip range bars.., i will keep checking it and will post if any doubts or any new findings from my side.

regards.
  • #64
  • Oct 24, 2013 7:37am Oct 24, 2013 7:37am
Quoting Mark001
Hi Dr Would you know how I could get the range indicator for MT4 ? I'd be willing to pay for it. I have tried a few, but to no avail. Thanks in advance, Mark
it is posted in post#34. U can use that range bar indicator
  • #65
  • Oct 24, 2013 11:18am Oct 24, 2013 11:18am
Nexas,

Why did you not enter where I have pointed and circled?

The distance to the EMA looks the same and CCI was going under to above -50...
Attached Image (click to enlarge)
Click to Enlarge Name: Short_EURNOK_2.png Size: 87 KB
  • #66
  • Oct 24, 2013 11:49am Oct 24, 2013 11:49am
True, my mistake.

I should be looking for Short and not for Long.
  • #67
  • Oct 24, 2013 12:38pm Oct 24, 2013 12:38pm
Quoting asharsaeed
{quote} Hi everybody. Dr. Scalpall plz tell us how to install properly these indi in mt4, thnx
Asharsaeed, Sorry for the delay, hope you have now managed it thanks to sidefx' detailed instruction (script version) on post 47.

thanks sidefx and mmaker for doing the clarifying earlier.

doc.
  • #68
  • Oct 24, 2013 1:07pm Oct 24, 2013 1:07pm
Quoting Mark001
Hi Dr Would you know how I could get the range indicator for MT4 ? I'd be willing to pay for it. I have tried a few, but to no avail. Thanks in advance, Mark
mark, the 'range bar chart v103a.ex4' is the indicator version to generate range bars, no need to pay thats why it's on here!.

1 - firstly ensure the indicator has been saved into the metatrader/experts/indicators folder within the programs folder.
2 - re-start MT4 so the indicator becomes visible within the navigator's 'custom indicators folder'
3 - 'double click' the indicator onto an M1 chart and enter the range that you desire and the output timeframe that you want inthe properties window
NOTE !! DO NOT assign a standard timeframe (ie M1,M5,M15,M30 etc) as the output timeframe as this will likely corrupt the history file for that particular currency and will require deletion before another attempt can be made!!!!.
4 - click on 'File' menu 'open offline' and scroll down and click on the currency output timeframe that you specified (ie EURUSD,M2).
5 - 'Voila' A range bar chart of your specified size should appear in it's own window on the screen. DO NOT close the M1 chart that you attached the indicator too as that will terminate the tick supply to the range bar chart.

Doc.

Note!! The only Bug to my knowledge is the one already stated before that if MT4 has been off for a while it will have to be restarted twice (ensuring data feed has been established on first start up) to build the correct history on the chart.
  • #69
  • Oct 24, 2013 1:10pm Oct 24, 2013 1:10pm
Quoting mmaker
{quote} Can you read Nexus posts from the beginning? I shouldn't have to quote his rules again since you can find it and read it. He did mention it. Can you find it? It's only 4 pages long so not difficult to go back to find his posts. I think it's not fair to anyone's time if we don't read what Nexus posts and ask unnecessary questions when they are already mentioned. {image}
Fully agree, only question that have not been asked.
  • #70
  • Edited 1:31pm Oct 24, 2013 1:10pm | Edited 1:31pm
Does anyone have a post on how to install the renko or range bar properly on a MT4 platform? A step by step instruction would be great. I did everything stated in post 47 and have a few questions.

1. Does the dll need to be checkmarked?

2. When creating an offline chart, why does M2 need to be applied? What if we used the M30 chart, would this not work? It seems for me M2 does not have many bars compared to other offline charts. Is there a reason?

3. When opening an offline chart, we need to keep the orginal chart the one with the indicator left on correct? So we should have a 2 charts for each currency. One is the chart with the indicator on M1 and the other if the offline M2 chart.

I think this is the correct way to install it. Just trying so I can help people here.
  • #71
  • Edited 1:35pm Oct 24, 2013 1:14pm | Edited 1:35pm
Quoting Dr.Scalpall
{quote} mark, the 'range bar chart v103a.ex4' is the indicator version to generate range bars, no need to pay thats why it's on here!. 1 - firstly ensure the indicator has been saved into the metatrader/experts/indicators folder within the programs folder. 2 - re-start MT4 so the indicator becomes visible within the navigator's 'custom indicators folder' 3 - 'double click' the indicator onto an M1 chart and enter the range that you desire and the output timeframe that you want inthe properties window NOTE !! DO NOT assign a standard timeframe (ie...
Thanks Dr. What kind of practice are you in? This answers some of my questions. I use the s constant range bar because it is the mql version and I can tweak it a bit. I put this in the script folder and seems to work. Should it go in the indicators folder?
  • #72
  • Edited 3:06pm Oct 24, 2013 1:26pm | Edited 3:06pm
Quoting mmaker
Can you read Nexus posts from the beginning? I shouldn't have to quote his rules again since you can find it and read it. He did mention it. Can you find it? It's only 4 pages long so not difficult to go back to find his posts. I think it's not fair to anyone's time if we don't read what Nexus posts and ask unnecessary questions when they are already mentioned. {image}

Quoting DrNoStopLoss
Fully agree, only question that have not been asked.

Ok, somehow I missed it.


No reason to get jumpy.

It is on post #19. Posts #19 and #18 are complementary.


Read post #76 and you may understand me better.



  • #73
  • Edited 2:03pm Oct 24, 2013 1:39pm | Edited 2:03pm
Quoting DrNoStopLoss
{quote} Thanks Dr. What kind o practice are you in? This answers some of my questions. I use the s constant range bar because it is the mql version and I can tweak it a bit. I put this in the script folder and seems to work. Should it go in the indicators folder?

Dr to Dr. That version of the s constant range bars is an early one posted in numerous threads on FF, It was superseded by a bug free comercial version available here on FF if I remember rightly (not sure which member though).

Psuedo dr only

regards.
  • #74
  • Oct 24, 2013 2:23pm Oct 24, 2013 2:23pm
Quoting JF_Derzi
Nexas, Why did you not enter where I have pointed and circled? The distance to the EMA looks the same and CCI was going under to above -50... {image}
Hi,

I am a trend trader so I only take trades with the trend.

Thanks

Nexas
  • #75
  • Edited 3:03pm Oct 24, 2013 2:38pm | Edited 3:03pm
Quoting Nexas
{quote} Hi, I am a trend trader so I only take trades with the trend. Thanks Nexas
Thank you, Nexas.

I saw that, I should be looking for Short only instead of Long Positions.


I would like to ask you: On this example, when and why did you exit your first short?

I understand that you use the previous TOP as stop loss and a 1:1 risk-reward.

So, I do not think that the target was reached.

Did you exit when the CCI crossed above 0?
Attached Image (click to enlarge)
Click to Enlarge Name: Short_EURNOK.png Size: 98 KB
  • #76
  • Oct 24, 2013 6:22pm Oct 24, 2013 6:22pm
When selecting offline charts on MT4, the M2 bars always range. How can I get more bars on my M2 offline chart? Anyone have any idea. Some of my M2 charts only have 20 bars???
  • #77
  • Oct 24, 2013 6:26pm Oct 24, 2013 6:26pm
Quoting DrNoStopLoss
When selecting offline charts on MT4, the M2 bars always range. How can I get more bars on my M2 offline chart? Anyone have any idea. Some of my M2 charts only have 20 bars???
The number of bars on your offline chart depends on the number of bars on the chart where the renko/range bars script is attached on.

Keep in mind that renko/range charts are not affected by time. Only price movement ... so if your standard chart has 1000 bars but with no significant movement, the offline chart may have very few bars.

Higher is your brick size, less bars you will have.
MT4/MT5 EAs/Indicators/Alerts coder
  • #78
  • Oct 24, 2013 8:14pm Oct 24, 2013 8:14pm
Quoting paapi
{quote} it is posted in post#34. U can use that range bar indicator
ThankYou, many Blessings to You,

Mark
  • #79
  • Oct 24, 2013 8:15pm Oct 24, 2013 8:15pm
Quoting Dr.Scalpall
{quote} mark, the 'range bar chart v103a.ex4' is the indicator version to generate range bars, no need to pay thats why it's on here!. 1 - firstly ensure the indicator has been saved into the metatrader/experts/indicators folder within the programs folder. 2 - re-start MT4 so the indicator becomes visible within the navigator's 'custom indicators folder' 3 - 'double click' the indicator onto an M1 chart and enter the range that you desire and the output timeframe that you want inthe properties window NOTE !! DO NOT assign a standard timeframe (ie...

where can i find range bar chart v103a.ex4?
  • #80
  • Oct 24, 2013 8:23pm Oct 24, 2013 8:23pm
Quoting griswold
{quote} where can i find range bar chart v103a.ex4?
Just click on the attachment tools at the top of the thread. You will see all files uploaded in the current thread.
MT4/MT5 EAs/Indicators/Alerts coder
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