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Renko 12MTR

  • #41
  • Apr 8, 2014 3:53am Apr 8, 2014 3:53am
Another correction to Post #1 Files download...

Looking at @Jeffray's AO (Awesome Oscillator), it is out by 1 bar. I am using a modified Awesome Oscillator with a 5, 21 setting as opposed to mt4's standard one which uses a 5, 34 setting.

Sorry people.

Have amended it on Post #1.
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  • #42
  • Apr 8, 2014 3:54am Apr 8, 2014 3:54am
Quoting SmokeyD
{quote} They are 8 pip bricks. If I forgot to mention that in Post #1, I will correct that.
Ok, thanks. Oh ya, I miss that statement.
  • #43
  • Apr 8, 2014 4:01am Apr 8, 2014 4:01am
Quoting Gold Miner
{quote} Ok, thanks. Oh ya, I miss that statement.
I added it in Red to the Nuts and Bolts Overview...a bit easier to see.
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  • #44
  • Apr 8, 2014 4:02am Apr 8, 2014 4:02am
Quoting SmokeyD
{quote} I added it in Red to the Nuts and Bolts Overview...a bit easier to see.
Ya...
  • #45
  • Apr 8, 2014 4:03am Apr 8, 2014 4:03am
forget the previous statement, I was watching the next movement about 45-50min later.
  • #46
  • Apr 8, 2014 4:12am Apr 8, 2014 4:12am
Quoting forex_dimi
stopped out? why? In my graphs didnt have 2 red bricks. Can y post a picture?
From my post showing my entry, PA went up 1 Brick then reversed 4 bricks.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_apr8_stopped_out.png Size: 38 KB
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  • #47
  • Apr 8, 2014 4:25am Apr 8, 2014 4:25am
Well... I had an perfect entry on GBPAUD...!!!

Unfortunately, guys I'm so damn stupid... I opened a trade with my one click trader tool and forgot to change the lot size.
I didn't realized it, went away from my computer and when I came back 12 min later, my account was shouting at me with a margin call...
BOOOOM.

Now I have 5 € left on my account. lets see how far we can go with this
  • #48
  • Edited 5:46am Apr 8, 2014 4:28am | Edited 5:46am
Quoting SmokeyD
{quote} From my post showing my entry, PA went up 1 Brick then reversed 4 bricks. {image}
This post represents a pretty good trade to stay away from, from a high probability standpoint. My stop loss being hit confirms it.

The "run" started with the MA cross on the Williams% indi. That was the valid entry I missed earlier in the day. I have typically defined a high probability EDIT--> Re-Entry on if the MA's cross and recross to validate the trend.

My loss, but a good example.
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  • #49
  • Apr 8, 2014 4:30am Apr 8, 2014 4:30am
Quoting Jeffray
Well... I had an perfect entry on GBPAUD...!!! Unfortunately, guys I'm so damn stupid... I opened a trade with my one click trader tool and forgot to change the lot size. I didn't realized it, went away from my computer and when I came back 12 min later, my account was shouting at me with a margin call... BOOOOM. Now I have 5 € left on my account. lets see how far we can go with this
CRAP!!

So sorry to hear that.
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  • #50
  • Apr 8, 2014 5:42am Apr 8, 2014 5:42am
Quoting SmokeyD
{quote} CRAP!! So sorry to hear that.
Thanks buddy...
Well... Its quiet hard, but at the end it's only money.
Next month I will fill up the account again and definately have to keep an eye straight to my trading plan and enter a trade when EVERYTHING is lined up perfectly!

entered short on XAUUSD

Attached Image
  • #51
  • Apr 8, 2014 5:43am Apr 8, 2014 5:43am
Hi SmokeyD,

With your EA, how do you change the size of the Bars? I would like to make them 8 pips, but am not sure how to do this?

Thanks
Follow me at andrewfx2020 (dot) com
  • #52
  • Apr 8, 2014 5:51am Apr 8, 2014 5:51am
Quoting AussieForexM
Hi SmokeyD, With your EA, how do you change the size of the Bars? I would like to make them 8 pips, but am not sure how to do this? Thanks
Check this screenshot!

Attached Image


Except for XAUUSD (Gold) here you have to type 80 in the required field
  • #53
  • Apr 8, 2014 5:56am Apr 8, 2014 5:56am
Quoting Jeffray
{quote} Thanks buddy... Well... Its quiet hard, but at the end it's only money. Next month I will fill up the account again and definately have to keep an eye straight to my trading plan and enter a trade when EVERYTHING is lined up perfectly!...

You have me a bit concerned...it sounds like this was a live account.

In all due respect, I would always prove someone's system out in a demo account first. I would take it one step further and say that if you can double your demo account, then the system is fairly solid.

(Pay heed to an Entry #2 after a strong run)
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  • #54
  • Apr 8, 2014 5:56am Apr 8, 2014 5:56am
Quoting Jeffray
{quote} Check this screenshot! {image} Except for XAUUSD (Gold) here you have to type 80 in the required field
Yep! That worked... I was changing the 'RenkoBoxSize' figure and not the 'CalculateBestBoxSize' figue.

Thank you.
Follow me at andrewfx2020 (dot) com
  • #55
  • Apr 8, 2014 6:11am Apr 8, 2014 6:11am
Quoting SmokeyD
{quote} You have me a bit concerned...it sounds like this was a live account. In all due respect, I would always prove someone's system out in a demo account first. I would take it one step further and say that if you can double your demo account, then the system is fairly solid. (Pay heed to an Entry #2 after a strong run)
Well, it was it is my live account!

But the trade that I took was based on my own analysis, the problem was that I updated my Mt4 and after the update my one click tool had it's standard settings... That was the mistake.

Of course, your/this system is currently running on demo!
  • #56
  • Apr 8, 2014 6:29am Apr 8, 2014 6:29am
GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym8_example1.png Size: 29 KB
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  • #57
  • Apr 8, 2014 7:08am Apr 8, 2014 7:08am
Quoting SmokeyD
GBPJPY {image}
Yeah, was a very nice signal! With a double top in the back it would have hit the TP

One question smokey, how big is your spread on the pairs you are trading?
  • #58
  • Apr 8, 2014 7:22am Apr 8, 2014 7:22am
Quoting Jeffray
{quote} Yeah, was a very nice signal! With a double top in the back it would have hit the TP One question smokey, how big is your spread on the pairs you are trading?
Not great

GJ 3.0-3.5
GA 3.0-3.5
XU 3.5-4.0
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  • #59
  • Apr 8, 2014 8:01am Apr 8, 2014 8:01am
Short XU
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  • #60
  • Apr 8, 2014 8:13am Apr 8, 2014 8:13am
Quoting SmokeyD
Short XU
Iam still in

Well, and I thought my spread is quiet bad...
GJ 0.8 - 1.7
GA 1.0 - 2.0
XU 2.5 - 4.0

Did you think about to change the brick size up to ten, so we come out with around 15 pips TP?
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