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Renko Power System

  • #161
  • Jan 17, 2014 6:15am Jan 17, 2014 6:15am
Quoting Hyperfire
Dear Kiads, Thank's so much i remove it immediatly ! Best regards ! EDIT 1 : now i don't see the buy/sell order line, i've check show trade level's and it is enable, and color must different from chart, i don't see stop loss and take profit line too, anyone know the solution ? EDIT 2 : problem from edit 1 solved missing some file on mt4, reinstall the m4 solved my problem.
Hello Hyperfire,

I pasted my own stuff from another source for you!

For Indicator:

Paste the indicators!
Go to the platform directory > experts >> indicators

For Renko (Expert Advisor):

Paste the EA
Go to the platform directory >> experts

For Template:

Paste the template
Go to the platform directory >> templates

To make the Renko Offline Chart:

Open pair's 1m chart, attach the Renkolivechart v3.2, check the properties of expert and mark the following things:
-Enable Alerts
-Allow live trading
-Allow DLL imports
-Allow import of external experts

Now, check the input settings.

RenkoBoxSize = 15
RenkoOffset = 0
RenkoTimeFrame = 2

It is required the market to be running for the expert to plot the M2 chart, if you would try it on weekend, it will not work.

After you have M2 chart, open it and apply the template! Now the system is ready to use!

Feedbacks and suggestions are highly welcomed.

Best Regards and Best Wishes,
PrinceWahaj
  • #162
  • Edited 12:56pm Jan 17, 2014 6:18am | Edited 12:56pm
Quoting Kiads
Hi My Brother PrinceWahaj, I always following your thread with big interest and wish you success Insha Allah.
Hello Bro,

Thank you very much for following my thread and Welcome!

I wish all of us to become successful including you and me Insha-ALLAH.

Best Regards and Best Wishes to you bro,
PrinceWahaj
  • #163
  • Jan 17, 2014 7:00am Jan 17, 2014 7:00am
Thanks very much for everything. If Gemini Man could share his settings with me that would be great! I seem to be up and going now.
  • #164
  • Edited 7:33am Jan 17, 2014 7:07am | Edited 7:33am
Quoting wahaj
{quote} Hello Hyperfire, I pasted my own stuff from another source for you! For Indicator: Paste the indicators! Go to the platform directory > experts >> indicators For Renko (Expert Advisor): Paste the EA Go to the platform directory >> experts For Template: Paste the template Go to the platform directory >> templates To make the Renko Offline Chart: Open pair's 1m chart, attach the Renkolivechart v3.2, check the properties of expert and mark the following things: -Enable Alerts -Allow live trading -Allow DLL imports -Allow import of external...
Dear Wahaj,

I've follow your indication, problem with buy/sell order line was solved. Now i've see another stuff RenkoAM indicator work on 1H timeframe but in 4H and higer time frame i don't see any activity by this indicator, is correct or maybe i have to downlod history chart or other stuff do to ?

Thank's !

EDIT : Maybe i've understand how it's work i wait your word for have confirmation, thank's !
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #165
  • Jan 17, 2014 12:52pm Jan 17, 2014 12:52pm
Quoting Hyperfire
{quote} Dear Wahaj, I've follow your indication, problem with buy/sell order line was solved. Now i've see another stuff RenkoAM indicator work on 1H timeframe but in 4H and higer time frame i don't see any activity by this indicator, is correct or maybe i have to downlod history chart or other stuff do to ? Thank's ! EDIT : Maybe i've understand how it's work i wait your word for have confirmation, thank's !
Hello Hyperfire,

Aah, I understand now what do you mean! You are always trying to open the template with Timeframe charts. Please note at first that, this system is not a time based system.

FOLLOW THE ABOVE INSTRUCTIONS AGAIN + FOLLOW THE BELOW INSTRUCTIONS:

At the Left Hand Side's TOP
Go to file > Open Offline > Open the M2 chart > Apply the template

If you did the above steps for AUD/USD, then you will see AUD/USD M2 >> Open it

All the steps which was stated on my previous post must be done on 1M TF, then EA will make M2 chart, then follow the steps stated in this post.

I hope it will be helpful for you!

Best Regards and Best Wishes,
PrinceWahaj
  • #166
  • Jan 19, 2014 3:39pm Jan 19, 2014 3:39pm
Quoting Gemini Man
{quote} Yeah panosmgr, thats a good advice. here are my charts of EU and GU today trading, close +63 pips after Bernanke Speaks. The charts belows are captured before i closed them manually for a private reason, even the OP already saved by the trailing stop. i placed other indies just for own test, basically i used Wahaj system. Bye.... GM {image} {image}
Gemini Man,

it's good that you also follow Renko Power system with interest.

At your post 137 of the thread there are are 2 screenshots with some exra indicators. I think that indicators are from "MTH Adjustable Shift Renko Basic" and maybe the arrows from Daily-Open system (from another forum). I'm I right about indicators?

Regards
Panos
  • #167
  • Jan 20, 2014 9:30am Jan 20, 2014 9:30am
Closed this trade this morning for 40 pips. Still having problems with MT4 crashing and hanging but I am making due.
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  • #168
  • Jan 20, 2014 11:30am Jan 20, 2014 11:30am
can you give entrance and exit point. Also can you give us the pip hight? Thanks
  • #169
  • Jan 20, 2014 1:09pm Jan 20, 2014 1:09pm
I entered at the end of that first red candle down, 15 pip candles and closed when I hit 40 pips.
  • #170
  • Jan 20, 2014 1:34pm Jan 20, 2014 1:34pm
so you did not kept the strategy going. SAr crosed after two candles and cci osma later . Is this another strategy? Thanks .
  • #171
  • Jan 20, 2014 2:10pm Jan 20, 2014 2:10pm
Correct I entered early, was following the pattern of the previous peak.
  • #172
  • Jan 21, 2014 1:54am Jan 21, 2014 1:54am
I just took this trade.

Let's see.... (don't take seriously my TP-SL for the moment).

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  • #173
  • Jan 21, 2014 4:14am Jan 21, 2014 4:14am
Hello guys,

Is my opinion or market during this day got a poor movment ?
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #174
  • Jan 21, 2014 4:46am Jan 21, 2014 4:46am
guys please help me why renko doesnt work on my side
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  • #175
  • Jan 21, 2014 5:18am Jan 21, 2014 5:18am
Quoting awaisfx
guys please help me why renko doesnt work on my side {image}
Hello awais,

Please read post#161, or reinstalling the MT4 can fix the problem.

Also limited history can be the cause.

Best Regards and Wish you success,
PrinceWahaj
  • #176
  • Jan 21, 2014 7:05am Jan 21, 2014 7:05am
Dear Wahaj,

The best way for use this system is the scalper or we have or open order and hope that follow a trend line ? I would read your opinion and from other other user too !
What do you think about that ?

Thank's, take care !
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #177
  • Jan 21, 2014 7:54am Jan 21, 2014 7:54am
hi wahaj

i was working renko since little long time.. so i also find which is best indicator to identify trade entries ....mean while i was read lot of renko threads in forex factory... but seems to be your trading plan is pretty nice and working fine ... as well as i like to inform another nice indicator for u... that is also help to us to find over brought and over sold area, then we can enter easy to the trade ...

indicator is RSI setting periods are 5, 15 both are ""apply closed" mode... as well as i like to say this will help to enhance our trading... i like to share screen shot also...
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  • #178
  • Jan 21, 2014 8:01am Jan 21, 2014 8:01am
Hello guy's,

I've got a problem, i don't know why some time all indicator disappear from chart, anyone know why ?

Thank's
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Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #179
  • Jan 21, 2014 8:06am Jan 21, 2014 8:06am
Quoting Hyperfire
Hello guy's, I've got a problem, i don't know why some time all indicator disappear from chart, anyone know why ? Thank's {image}

yes,, pls try to understand this is an ea chart... so some time will face run time errors.. so better way is in that kind times refresh the mt4 or reload the template as soon as possible.. i also faced same problem with one broker...
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  • #180
  • Jan 21, 2014 8:10am Jan 21, 2014 8:10am
Quoting us fantasy
{quote} yes,, pls try to understand this is an ea chart... so some time will face run time errors.. so better way is in that kind times refresh the mt4 or reload the template as soon as possible.. i also faced same problem with one broker... {image}
Hello Us Fantasy,

Thank's so much ! Got it ! About RSI can you upload the file here ? file that i have is broken and my mt4 crash if i open it.
Can you share with us please ?

Take care, and thank's again !
Don't be delicated, be vast and brilliant ! [Brent Smith]
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