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

all the best to you for coming back.

HAI TO ALL. IMPORTANT MESSAGE TO ALL OUR THREAD MEMBERS
CYCLE SCENARIO:-
DO YOU KNOW ABOUT CYCLING THE BICYCLE WHEN ITS ON STAND?. THE BICYCLER WILL PEDDLE THE CYCLE UNTIL HE GOT TIRED. BUT THE CYCLE NEVER GO FRONT. LIKE SAME WAY. RENKO IS BEST CHARTING SUITE TO ELIMINATE NOISES. BUT IT ALSO HAS A DRAWBACK.LIKE ALL OTHER CHARTING PACKAGE RENKO ALSO FAILS TO FALSE BREAKOUTS. SO WHAT WE ARE DOING? WE SEARCH FOR SOME INDICATORS TO FILTER IT. IF IT MISS SOME FALSE BREAKOUTS. WE TRY TO ADD ANOTHER INDI TO FILTER MISSED FALSE BREAKOUTS. THIS SCENE WILL CONTINUE UNTIL 100% SUCCESS. BUT PRACTICALLY THERE IS NO 100% SUCCESS. IF 100% IS REALLY POSSIBLE! BY THIS TIME MANY WILL BE IN THE LIST OF TOP BILLIONAIRES. BUT IN REAL JUST WE ARE POPULATING THE CHART AND THESE POPULATION WE WILL MISS THE CORE OF RENKO. AND FINALLY LEAVE THIS METHOD. AND SEARCH FOR NEW TRADING STRATEGY THE CYCLE CONTINUES....
WHAT IS FOREX:-
FOREX MARKET IS REALLY LIKE OCEAN. NO ONE STILL CANNOT FIND THE BOUNDARIES FOR IT. AND THERE IS NO SUCH BOUNDARIES TO IT FOR DEFINING. AND THOSE WHO TRADES WITH LITTLE AMOUNT OF MONEY ARE LIKE JUST JET-SKIERS. WE CAN NOT MAKE A WAVE. THE BANKS AND HEDGE FUND PLAYERS ARE BIG FLOATING SHIPS. THEY ARE THE ONLY ONE WHO HAVE CAPABILITY TO MAKE WAVES. AS JET-SKIERS WE NEED TO RIDE IN THOSE WAVES. BUT HERE STRIKES THE MILLION DOLLAR QUESTION, HOW TO FIND THE WAVES AT STARTING POINT, AND HOW TO JUMP OUT OF THE WAVES BEFORE IT ENDS?
SOLUTION:-
IS THERE ANY SOLUTION FOR MY ABOVE QUESTION?...
THE ANSWER IS YES. "RENKO"
NOW MANY OF YOU WILL THINK ,HOW MAD IS THIS MAN? IN ABOVE HE SAID RENKO WILL FAILS AT FALSE BREAKOUTS AND NOW SUGGESTING THE RENKO..
DO YOU PEOPLE THINK YOU NEED TO POPULATE CHART TO REMOVE NOISES FROM RENKO?
THE ANSWER IS NO.
THEN WHAT?
WITH OUT POPULATING THE RENKO CHART IS THERE A WAY TO FIND BEST WAVES.?
MY SIX YEAR TRADING EXPERIENCE THOUGHT ME A VALUABLE LESSON TO OVERCOME THIS. FOR THOSE METHODS STAY TUNED .....
AND DONT GIVE UP A STRATEGY. BECAUSE WE LACK PATIENCE. THE SYSTEM NOT.

Nice selva ! Looking for your advices, thanks for your help

Hi Selva, Kiads & Smknyc
I agree renko & 1 Strategy is all we need if we can average or smooth or calculate & re-candle the renko candles. I think Kiads has most of the answer with that FLIP calculation in his chart builder indicator. Some how it is in the Code snip

while(UpTrend && Low[i] <= PrevLow-BoxShiftAdjust *BoxPoints) {
PrevHigh = PrevHigh - BoxShiftAdjust *BoxPoints;
PrevLow = PrevLow - BoxShiftAdjust *BoxPoints;
PrevOpen = PrevHigh;
PrevClose = PrevLow;
CurVolume = 1;

and 4 other snips just like it.

If Kiads gives me the snip from his "!___MTh... flip chart builder" I could set it up. He mentioned to me about getting to it at some later date, its LATER.


Hi Smknyc
I realize the 100% will give me a full renko, thank you sela, but your chart looked so smooth I thought it might be coded differently. Let me know!!

This continues to be one of the most absorbing topics on this forum...along with Sellars EA...very good stuff indeed.

Kiads, you are the demi-god of forex. Your Fractal indicators seem to be he missing link between Renko and SSa. Thanks a million $..

hai to all.

​what is the technique we will use:-

we are going to populate the chart..but in a different way. But first i need to know what do you people think what renko missing while trading. Please share your views. Then we will get on it..............

I think the most of important things is how to exit the trade. I do not handle this part well on renko chart. Maybe someone can share his opinion to everyone.

is that it are you getting your entry's right most of the times?

In georenko, Depend on how brick you use but my main problem is exit, re-entry, reshort
In flip mode I see support resistance and even wave easier than Georenko. With fractal indi it's easier now to see waves HH and LL beginning or end of a wave most of the case.

But main things from my point of view is to get the habit to trade with renko. I trade a differnet maneer than classical japanese candle

thanks

Between that,

Hope you get some of GBP/JPY movement from my point 26pips in real ( my MM is based on 25/day) and more or less 100 with my micro account

In my opinion, entry's are pretty tricky. I've often entered trades at the very last wave and had to endure a loss after a strong trend move. When I enter properly, I just trail my stops.... till...$$$

Hi to all here are my 2 cents for entry

i don`t like divergence entries, but some are very good. I hope everybody anderstands the picture. my english is very bad, sorry.

Hi, how do you exit your trade. trailing stop or just take profit at a fixed pips?

give me some time and i will show a chart. you are right, the most important is the exit and the mm and the hardest too

Sure. take your time.

hai,

sure this is turning out to be a interesting one. In my opinion renko point out the trend clearly but depending on brick size it will sure fell in minor impacts in market

example:-
a 10 pip standard renko will fail in a rally 25 pip and a 25 pip standard renko will fail in 60 pip rally. Although the price went to 60 pips the momentum will drain at that point and reversal start. But at renko we will get entry signal which lead us to fail.

what will we do?
we are going to use core of " price action trading"
because as i said in my older post " to catch the wave from players we need to think like them" .so there is a way to see the picture as they see. The main concept is "core price action". Why i use term core price action , because we are going to mix the traditional trading with renkos to get the picture right.

stay tuned......................................

So now I made it. Again sorry its the bing translator.

This drawings are boring. I hope it is understandable. There are a thousand ways of exits.
My way to exit is drawn in the picture. I go up to the next pivot point. at least RR 1/1.
If a pivot is near my entry I enter anyway if the conditions in the picture for entry existing are met.
Of course I'm not 24 hours on the computer, so i don`t take all these entries. They are only exampels.
I don`t like to be over night in trades. I am more a short time trader, so you maby take a different way to exit
Where the tp has not been achieved I get out at the break of the next LH or HL. Depends on short or long.
You can exit also on the oposit ssa.

I have no SL I do it like Master Kiads Post 180
I demotrade new systems that i am interestet at least 3-6 months.
So I hope you anderstand my poor english and happy trading like kiads says.

Hi all.
This indicator may be a nice complement for all they can't leave of see the old charts (like me) .


I hope you like.
Happy trading.

1. WHAT ACTUALLY GEOMETRICAL RENKO IS...

Hi All..

Please forgive me that I'm not active lately, Still busy with this (again..!!) new build 625 and also some non fx trading activities..

I'm really glad that some of you keep this thread active, and several of our friends already find their 'own' trading systems / set up base on this renko builder tool..

feel free to keep this thread active, and for you who still confuse because of several systems 'example' here, I suggest you to learn the 'base' knowledge then you will more understand 'any' example systems in this thread..

Generally all of the 'example' here is good, if you already understand the 'base', but i must say that until now, no one of you already 'catch' the 'essential' of this Geometrical Renko Chart.

And this is normal, because most of us usually 'think' with 'indication' manner with all line studies indicators and yes, to learn geometrical way is not 'easy' and need a lot of screen time.

I invent this 'geometrical' style of price base chart (Geo Renko), with the 'core' of 1/8th step, according to geometrical principle, in attempt to move closer to change the behavior of 'indicating' to 'projecting'.

This 1/8th steps (12.5%), is the 'core' of ideal movement calculation formula, that we can implement in Price Movement/Price Action trend direction
Maybe you remember about Murrey Math 8 steps, about Pivot with ranges to S4 and R4, or when you divide circle with 8 parts you will get 45º corner etc..etc.

When you 'play' with trend lines in time base chart, you can't find any 'uniformity' of your trend lines 'angles', because actually you measure the 'angles' of 'time' movement and not 'price' movement.

It is similar when you use 'indicators' as line studies that mostly use 'data averaging' formula in time base charts. You use 'period', and that mean time 'period', so, basically all of this 'indicators' only give you 'visual' information about 'at what price when time arrive at certain point'. the 'certain point' is your 'time frame'.

On the contrary, price base chart 'slashing' price movement according to 'price frame' you select the size of this 'range' as your frame, and in renko that mean your 'brick size'.

As you know that in time base chart, there is no uniformity ratio between 'time frames', monthly chart can consist of 19, 20, 21 or 22 daily candles, weekly chart maybe more consistent with 5 daily candles (if your broker not give you week end candle) but with different GMT broker servers you will get different open / close price, and it happen too with Daily or H4 candles right., and the only consistent ratio in TF is between M15 - H1 - H4 (in MT4 platform of course) with 4 steps and 'still' that this is 'time' that you compare or measure.

This is also the answer 'why' you can't get consistent result when you try 'fractal dimensioning' time base charts, you can't get uniform standard deviation, and of course you can't get the real 'sine wave cycles'. With price base chart, you can get all of this with more uniformity result, and more simple 'repeated' patterns.

The SSA Cycle Divergence, with her 'adjusted corridor' formula try to 'catch' this 'price movement cycles' and at the same moment also recognize 'cycle divergences'.

Well, actually it is so difficult for me to explain what i know or what i mean using English Language..lol, but hopefully you can understand in general.

For you, who still difficult to 'see' when to entry and when to exit your position, please once again try to understand the 'core'.

I will give you another example, and hopefully this is my final example in relation with what geometrical renko is..

to be continued..

MTH