MTH Accel Shift- Advance Renko Trading System (ARTS) MT4 b600 | Page 23 | Forex Factory

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MTH Accel Shift- Advance Renko Trading System (ARTS) MT4 b600

  • #441
  • Mar 11, 2014 9:23pm Mar 11, 2014 9:23pm
First trade with the FLIPPER EUR/AUD with 6 pip bricks
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-finfx-trading-oy-2.png Size: 55 KB
  • #442
  • Mar 11, 2014 10:02pm Mar 11, 2014 10:02pm
stepped out of my Eud/Aud trade with 19 pips because of time of day and the SSA turned color.. why risk it
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-finfx-trading-oy-3.png Size: 51 KB
  • #443
  • Mar 11, 2014 10:15pm Mar 11, 2014 10:15pm
Dear DONKSD,

How you set up the renko chart to be FLIPPED ?

Thanks for your kindly explainations,....

Budi Dharma
  • #444
  • Mar 11, 2014 11:25pm Mar 11, 2014 11:25pm
Quoting budidharma19
Dear DONKSD, How you set up the renko chart to be FLIPPED ? Thanks for your kindly explainations,.... Budi Dharma
Hope you are not just jumping in and start shooting questions straight away. It will do you and the rest of us here good and save a lot of time and effort if you could read this thread from the beginning. You are lucky only 23 pages, not hundreds and thousands. Furthermore flipped renko was only introduced 2 days ago.
ITB - Seeing Orderliness amongst 'Randomness'
  • #445
  • Mar 12, 2014 12:11am Mar 12, 2014 12:11am
Dear Donksd,

Thanks,...just found it,....

Good luck,...
  • #446
  • Mar 12, 2014 4:00am Mar 12, 2014 4:00am
Quoting centuripe
Kiads, Could you please, if you have time, tell me why this trade didn't work. Here are the reasons why I took this trade ( buy set up) 1°) Outside sign 2°) SSA CYCDIV below -0.5 level 3°) SSA confirm by Inside key sign 2 4°) Cycle line near pink line 5°) Already made a retracement first Thanks for your help {image}
Hi My Friend, when you trade with high spread crosser pairs like GBPJPY, you should use bigger size brick, or you will trap so often in whipsaw conditions. Try to change your normal geo renko chart brick size to 16 points.

And actually from your screenshot, that inside key sign (Magenta Vert Line) when you open your long position, is not ''continuation sign' but 'there will be turning point soon' signal. This is ' 22 - Inside Bullish Down Trend' key sign.

Check my previous post 326 (http://www.forexfactory.com/showthread.php?p=7318649#post7318649) for reference.

Hope it help and best regard
MTH
  • #447
  • Mar 12, 2014 4:11am Mar 12, 2014 4:11am
Quoting donksd
stepped out of my Eud/Aud trade with 19 pips because of time of day and the SSA turned color.. why risk it {image}
Wise decision My Friend.

When you try something new, even if you know the basic knowledge, the luck factor is still more dominant compare to understanding factor.

Best regard, and as always Happy Trading Guys..
MTH
  • #448
  • Mar 12, 2014 4:12am Mar 12, 2014 4:12am
Quoting Inthebox
{quote} Hope you are not just jumping in and start shooting questions straight away. It will do you and the rest of us here good and save a lot of time and effort if you could read this thread from the beginning. You are lucky only 23 pages, not hundreds and thousands. Furthermore flipped renko was only introduced 2 days ago.
Yup, 100 % correct.
  • #449
  • Mar 12, 2014 4:19am Mar 12, 2014 4:19am
Quoting Kiads
{quote} Hi My Friend, when you trade with high spread crosser pairs like GBPJPY, you should use bigger size brick, or you will trap so often in whipsaw conditions. Try to change your normal geo renko chart brick size to 16 points. And actually from your screenshot, that inside key sign (Magenta Vert Line) when you open your long position, is not ''continuation sign' but 'there will be turning point soon' signal. This is ' 22 - Inside Bullish Down Trend' key sign. Check my previous post 326 (http://www.forexfactory.com/showthread.php?p=7318649#post7318649)...
Hi Kiads,

This is the problem I also have, it is easy to say its a 22 after some time (you can't trade history), but when you trading live it can be a 2 or a 22 (because SSA in oversold area, and there is a inside break to confirm "trend" change, indicating it's a 2 according to the examples you provided).

So at the moment I do not see any benefit in trading this (maybe I'm a bit slow), normal higher highs and lower lows gives the same information.

All the best
  • #450
  • Mar 12, 2014 4:46am Mar 12, 2014 4:46am
Quoting lappies
{quote} Hi Kiads, This is the problem I also have, it is easy to say its a 22 after some time (you can't trade history), but when you trading live it can be a 2 or a 22 (because SSA in oversold area, and there is a inside break to confirm "trend" change, indicating it's a 2 according to the examples you provided). So at the moment I do not see any benefit in trading this (maybe I'm a bit slow), normal higher highs and lower lows gives the same information. All the best
Hi My Friend,

Yup, you are exactly correct.. , you can't become expert in this 'key signs' reading at your first day screen time. I learn it for years to 'sharpening' my intuition.

I only practice..practice and practice with only one pair, to know the characteristic of this 'key signs' , i spend long hard scree times.. to know the different.

Absolutely this is not as easy as its look at just one static screenshot..., nothing can come too easy and too quick if we expect good long term result.

I hope all of us understand that..
as always Happy Trading Guys..
MTH
  • #451
  • Mar 12, 2014 5:47am Mar 12, 2014 5:47am
Ok Guys, lets continue our BBSMA17 key signs discussion..

I just want to remind all of you, that this 'inside' and 'outside' key signs is just part of the whole concept that still far from complete
we not yet talk about the +/- 40 and 80 SMA17 levels, also the 'body touch lines', BB squeeze directions, etc etc.. lol.

Now, look at this squeeze directions example picture ( I use GBPJPY 8 brick size and 12.5% normal geo renko that actually too volatile for the brick size).

Attached Image (click to enlarge)
Click to Enlarge Name: ! ARTS - Geo Renko Key - Example 01.gif Size: 122 KB


well what you can see ?

it is logic that almost every BB squeeze start with 'inside' and ended with 'outside' right..

now. see which BB deviation lines that 'touch' the brick in every BB squeeze example, and where the next direction will go.. ?

this just example that there is still a lot of thing that you can learn about this BBSMA17 'key signs'

Hope it help and best regard.
MTH
  • #452
  • Mar 12, 2014 5:47am Mar 12, 2014 5:47am
Quoting Kiads
{quote} Hi My Friend, Yup, you are exactly correct.. , you can't become expert in this 'key signs' reading at your first day screen time. I learn it for years to 'sharpening' my intuition. I only practice..practice and practice with only one pair, to know the characteristic of this 'key signs' , i spend long hard scree times.. to know the different. Absolutely this is not as easy as its look at just one static screenshot..., nothing can come too easy and too quick if we expect good long term result. I hope all of us understand that.. as always Happy...
Thnaks for your answer Kiads,

You said taht it's 22 patern cause of the big down trend line ?
  • #453
  • Mar 12, 2014 6:08am Mar 12, 2014 6:08am
Now, related to post 451

I change the brick size of GBPJPY from 8 point to 32 point, no need to change other setting, including level of SMA17 yet..

now you can see what that 'squeeze' say to you

Attached Image (click to enlarge)
Click to Enlarge Name: ! ARTS - Geo Renko Key - Example 02.gif Size: 141 KB


You should remember that, with 32 point brick size, every brick step is 4 point, so even you just get 2 brick steps, that mean 8 point in profit, if you know how to do it.. , now, how about good trade with 100 brick steps in your favor ?

MTH
  • #454
  • Mar 12, 2014 6:25am Mar 12, 2014 6:25am
and you can also read SSA CycDiv, and what 'she' tell you in relation with what happen in the main geo renko chart

Attached Image (click to enlarge)
Click to Enlarge Name: ! ARTS - Geo Renko Key - Example 03.gif Size: 158 KB


Next you can try to put 'inside' magenta vertical lines to mark inside cross BBSMA17, and try to see the different in relation with where the location of the BB 'squeeze'

of course you should add level to your SMA17 because of your 32 point brick size. lets add level 480 and -480 (320 + 50% of 320 = 160)

Happy learning
MTH
  • #455
  • Mar 12, 2014 6:45am Mar 12, 2014 6:45am
Quoting centuripe
{quote} Thnaks for your answer Kiads, You said taht it's 22 patern cause of the big down trend line ?
Yup, supply trend line is still strong compare to demand trend line that only as 'weak counter' to the current strong supply force..

Hope you understand and best regard.
MTH
  • #456
  • Mar 12, 2014 7:07am Mar 12, 2014 7:07am
Now, in relation with post 454
without change any setting ( brick size 32 shift 12.5%) BB 17 dev 3 median price (HL/2) SMA 17 median price. level 40, 80, 120, 480, -40, -80, -120, -480.
just set your UseFlipMode to true

so your GBPJPY offline chart will look like this

Attached Image (click to enlarge)
Click to Enlarge Name: ! ARTS - Geo Renko Key - Example 04.gif Size: 129 KB


Do you still confuse where to place your short position or long position there ?
is it ok if we go long above SMA17 level 120, and go short below SMA17 level -120 ?

Just prepare your solid MM, and you will be the next consistent profitable trader..

Happy Trading Guys..
MTH
  • #457
  • Mar 12, 2014 7:25am Mar 12, 2014 7:25am
In relation with post 456

If you still not sure.. you can add my ParMACD with default setting no need to change anything because this MACD already adjusted with Geo Renko. calculation formula.

Attached Image (click to enlarge)
Click to Enlarge Name: ! ARTS - Geo Renko Key - Example 05.gif Size: 155 KB


You know what to looking for in MACD right.. ?

what you need next is just a lot of screen times to practice.. that's all.
MTH
  • #458
  • Mar 12, 2014 9:02am Mar 12, 2014 9:02am
Quoting Kiads
Now, in relation with post 454 without change any setting ( brick size 32 shift 12.5%) BB 17 dev 3 median price (HL/2) SMA 17 median price. level 40, 80, 120, 480, -40, -80, -120, -480. just set your UseFlipMode to true so your GBPJPY offline chart will look like this {image} Do you still confuse where to place your short position or long position there ? is it ok if we go long above SMA17 level 120, and go short below SMA17 level -120 ? Just prepare your solid MM, and you will be the next consistent profitable trader.. Happy Trading Guys.. MTH
excellent explanations , additionally with one more calculation i am getting exact signals not 100% but like you mentioned solid mm we can make it hundred. best of luck guruji kiads
"TRADING AGAINST THE TREND IS LIKE STANDING AGAINST KATRINA TWISTER "
  • #459
  • Mar 12, 2014 10:20am Mar 12, 2014 10:20am
Quoting selva1437
{quote} excellent explanations , additionally with one more calculation i am getting exact signals not 100% but like you mentioned solid mm we can make it hundred. best of luck guruji kiads
one doubt guruji,


while using 32 pips just one candle in opp direction will clear most of the profits
"TRADING AGAINST THE TREND IS LIKE STANDING AGAINST KATRINA TWISTER "
  • #460
  • Mar 12, 2014 10:21am Mar 12, 2014 10:21am
I am lost.

Everytime I start to get something settings and indicators change.
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