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Attachments: Renko Power System
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Renko Power System

  • #101
  • Jan 9, 2014 4:50pm Jan 9, 2014 4:50pm
Quoting stibbs
Hi wahaj, thanks for sharing what looks to be a great trading system. Am wondering if you've ever thought of adding in an alert when the conditions are met signaling an entry? Since the bricks are no longer time-based, I often find myself camped in front of the screen hoping something will happen. Then, when I finally get frustrated and walk away, I come back only to find a bunch of bars printed and the signal long gone! Any thoughts on this predicament?

Stibbs,

why not u try activate the semafore alerts as shown in below chart or u can use other prediction indi's like mine, and then u can set the TP and SL points....

GM
Attached Image (click to enlarge)
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  • #102
  • Jan 10, 2014 4:25am Jan 10, 2014 4:25am
Hey stibbs,

I was searching for the same and found immediately and PSAR ALERT INDICATOR will help us in this matter as our system is based on the first signal dot of psar, so it will be good.

Otherwise, if you think you are comfortable with the advise of Gemini Man, go ahead.

Good advise by @Gemini Man (But i think you will have to check a lot of times with semafor indicator because it will often alert you when the signal is mostly useless)

As there is the condition of RPS of Opposite Dot, so here we go with the psar alert.

Change the settings,
Step= 0.02
maximum= 0.2

Best Regards,
PrinceWahaj
Attached File(s)
File Type: mq4 Parabolic SAR Color - Alert.mq4   3 KB | 552 downloads
  • #103
  • Jan 10, 2014 9:03am Jan 10, 2014 9:03am
the result within one week...
be noted that are 4 loses mostly because of my mistaken (indiscipliner and inpatient = opened position earlier before the whole signal said GO AHEAD !).

what i would like to say is, Wahaj system is profitable even by newbie like me. U only need DISCIPLINE = STICK TO THE RULE & YOU LOVE THE SYSTEM

i'm not a full day trader, i only trade when i have time in my office and home.
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  • #104
  • Jan 10, 2014 12:44pm Jan 10, 2014 12:44pm
Quoting Gemini Man
the result within one week... be noted that are 4 loses mostly because of my mistaken (indiscipliner and inpatient = opened position earlier before the whole signal said GO AHEAD !). what i would like to say is, Wahaj system is profitable even by newbie like me. U only need DISCIPLINE = STICK TO THE RULE & YOU LOVE THE SYSTEM i'm not a full day trader, i only trade when i have time in my office and home. {image}

  • #105
  • Jan 10, 2014 9:54pm Jan 10, 2014 9:54pm
What is everybody using as an exit signal? This is of course the hardest part.
  • #106
  • Jan 11, 2014 5:59am Jan 11, 2014 5:59am
Quoting aagarcia
What is everybody using as an exit signal? This is of course the hardest part.
Hey aagarcia,

Glad to have you on the thread again!

Exit is discretionary. Use your own techniques, stay away when the big news release are near, be aware about the holidays of banks when you are trading because that can cause low volume trading. My updated version is very much profitable than older, although it will give you less signals but all the signals would with high probabilities and there will be high number of winners and less number of losers. BUT!!, THE KEY IS TO TRADE WITH DISCIPLINE, TAKE THE EXAMPLE OF GEMINI MAN, ALTHOUGH HE LOST HIS SOME OF DISCIPLINE AND GOT SOME LOSERS BUT STILL HE MADE GOOD PROFITS IN ONLY ONE WEEK.

@Gemini Man, I appreciate your results and i can say that you will be a successful trader, just need to focus on discipline and mm plans.

Best Regards and Wishing all of you the best trading life.
PrinceWahaj
  • #107
  • Jan 11, 2014 7:58am Jan 11, 2014 7:58am
Gemini Man,

I see that you trade more pairs than the 4 pairs that PrinceWahaj suggest. Have you motice that this renko system can be used with success in several pairs?

Bets regards
  • #108
  • Jan 11, 2014 1:46pm Jan 11, 2014 1:46pm
Quoting panosmgr
Gemini Man, I see that you trade more pairs than the 4 pairs that PrinceWahaj suggest. Have you motice that this renko system can be used with success in several pairs? Bets regards
Hello panosmgr,

It was just only suggestion by me because i wanted to try few pairs with success first. The system can be used even in GOLD, but not recommended.

System can be used on the following pairs to make higher profits: EU, GU, UJ, AU, AJ, AC, EJ, GJ, NU.

If you want to trade more pairs and if you guys need pip box settings so let me know.

The key is just to trade with discipline and you guys will soon discover the power.

Best Regards,
PrinceWahaj
  • #109
  • Jan 11, 2014 4:19pm Jan 11, 2014 4:19pm
Quoting wahaj
{quote} System can be used on the following pairs to make higher profits: EU, GU, UJ, AU, AJ, AC, EJ, GJ, NU. If you want to trade more pairs and if you guys need pip box settings so let me know. The key is just to trade with discipline and you guys will soon discover the power. Best Regards, PrinceWahaj

Thank you PrinceWahaj for the answer. I was thinking something like that so... yes please, can you share pip box settings or any other?

Regards
  • #110
  • Jan 11, 2014 4:47pm Jan 11, 2014 4:47pm
Hi everybody,

when I attach the RenkoliveChart at my chart nothing appears, I think that it's because we are in week end and the broker must be opened to creat an offline M2 chart right ?

Thanks ;-)
Goodgame42
Trade Safe !
  • #111
  • Jan 11, 2014 5:34pm Jan 11, 2014 5:34pm
Quoting Goodgame42
Hi everybody, when I attach the RenkoliveChart at my chart nothing appears, I think that it's because we are in week end and the broker must be opened to creat an offline M2 chart right ? Thanks ;-) Goodgame42

Hello Goodgame42,
if you want to test Renko Offline on weekend, use mt4ticker.
https://www.fx1.net/mt4ticker.php

Regards
Henri
  • #112
  • Jan 12, 2014 12:37am Jan 12, 2014 12:37am
Quoting Tanaka
{quote} Hello Goodgame42, if you want to test Renko Offline on weekend, use mt4ticker. https://www.fx1.net/mt4ticker.php Regards Henri
Hi Tanaka,
Thanks for sharing but they need a google log in and I don't prefer do this. Can you post the file here or send me by pm if you already donwloaded it.

Many thanks.
Trade Safe !
  • #113
  • Jan 12, 2014 4:01am Jan 12, 2014 4:01am
Quoting panosmgr
{quote} Thank you PrinceWahaj for the answer. I was thinking something like that so... yes please, can you share pip box settings or any other? Regards
Hello panosmgr,

You are welcome!

Here are pip box settings:

EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD = 15 pips box size
AUDCAD, AUDJPY, EURJPY, GBPJPY = 25 pips box size

15 pips box size can be used also on above 4 pairs but we adopt the pips box size according to their volumes and wide pips average daily.

Indicators settings would be same as previously.

Best Regards,
PrinceWahaj
  • #114
  • Jan 12, 2014 4:27am Jan 12, 2014 4:27am
Quoting Goodgame42
{quote} Hi Tanaka, Thanks for sharing but they need a google log in and I don't prefer do this. Can you post the file here or send me by pm if you already donwloaded it. Many thanks.
Hello Goodgame42,

Welcome on the topic!

Yes, it is because the market is off, after the weekend, you would be able to create M2 chart.

But, if you want to create M2 chart at this time, so, here we go!
Attached File(s)
File Type: zip mt4ticker32.zip   66 KB | 680 downloads


Best Regards,
PrinceWahaj
  • #115
  • Jan 12, 2014 4:28am Jan 12, 2014 4:28am
Quoting wahaj
{quote} Hello Goodgame42, Welcome on the topic! Yes, it is because the market is off, after the weekend, you would be able to create M2 chart. But, if you want to create M2 chart at this time, so, here we go!{file} Best Regards, PrinceWahaj
Thanks for your help !
I will try it now !
Trade Safe !
  • #116
  • Jan 12, 2014 6:22am Jan 12, 2014 6:22am
I've been using Renko candles for period which is very good if the currency take the direction of rise or fall .. but at the time of volatility are not good and never should be cautious in these times
  • #117
  • Jan 12, 2014 12:33pm Jan 12, 2014 12:33pm
Quoting wahaj
{quote} Hello panosmgr, You are welcome! Here are pip box settings: EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD = 15 pips box size AUDCAD, AUDJPY, EURJPY, GBPJPY = 25 pips box size 15 pips box size can be used also on above 4 pairs but we adopt the pips box size according to their volumes and wide pips average daily. Indicators settings would be same as previously. Best Regards, PrinceWahaj

Thank you wahaj!! I'll monitor all of them now.
  • #118
  • Jan 13, 2014 1:56am Jan 13, 2014 1:56am
hi

thanks for sharing this system.. im interest and still learning this method.... can i asked few questions ?

according to the first page u mentioned if renko amv2 leve 5 then better for enter.. so my question is that my number three link correct or wrong? because that line i put in the using mt4 line tools..

second question , there is dot and dot like sun ,, my question is that repainting or not?

i saw u telling something regard that dots in page 1 area..but i can;t understand that so only asking...

english is not my mother tongue . thanks
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  • #119
  • Jan 13, 2014 2:24pm Jan 13, 2014 2:24pm
Quoting us fantasy
hi thanks for sharing this system.. im interest and still learning this method.... can i asked few questions ? according to the first page u mentioned if renko amv2 leve 5 then better for enter.. so my question is that my number three link correct or wrong? because that line i put in the using mt4 line tools.. second question , there is dot and dot like sun ,, my question is that repainting or not? i saw u telling something regard that dots in page 1 area..but i can;t understand that so only asking... english is not my mother tongue . thanks {image}...
Hello us fantasy,

Welcome to the thread!

Your English is okay, actually English is not also my mother tongue.

1st Question's Answer: Yes, it looks okay but you can make the level of 5.00 from properties in RenkoAM v.2

2nd Question's Answer: Its basically a 3 level zigzag indicator, Yes, its a repainting indicator and that was why, we didn't used it for entry.

You can remove the Semafor indicator if you found it confusing indicator, but remember, SL will be on above/below of the first psar dot.

Best Regards,

PrinceWahaj
  • #120
  • Jan 13, 2014 9:07pm Jan 13, 2014 9:07pm
Quoting wahaj
{quote} Hello us fantasy, Welcome to the thread! Your English is okay, actually English is not also my mother tongue. 1st Question's Answer: Yes, it looks okay but you can make the level of 5.00 from properties in RenkoAM v.2 2nd Question's Answer: Its basically a 3 level zigzag indicator, Yes, its a repainting indicator and that was why, we didn't used it for entry. You can remove the Semafor indicator if you found it confusing indicator, but remember, SL will be on above/below of the first psar dot. Best Regards, PrinceWahaj
ok ..i understood.. thanks
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