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  • #321
  • Nov 26, 2014 6:18pm Nov 26, 2014 6:18pm
Quoting Kiads
{quote} Thank You My Friend, and for my Friend KiwiOZ, this is example how I set DAX offline Standard Renko chart {image} best regards MTH
Money Makes Money
  • #322
  • Nov 27, 2014 4:29am Nov 27, 2014 4:29am
Quoting Kiads
{quote} Hi My Friend, Here we go, you can change email option to true (default false) Hope it help and best regards MTH EDIT : PLEASE RE-DOWNLOAD AGAIN (I Accidentally upload unfinished version before).. {file} {file}
Thanks very much kiads! that was fast, and very kind of you

Now I need to decide upon the best brick size to use......... i'm thinking maybe 8 at the moment for higher ADR pairs and 6 for lower ones.

I plan to look at the ADRs each morning and pick 4 pairs that have a lot of room left. Then go from there. - there is a very good ADR dashboard available on Udine's thread http://www.forexfactory.com/showthre...73#post7549573

cheers

RT
  • #323
  • Nov 27, 2014 5:09am Nov 27, 2014 5:09am
Hey everyone

Has anyone thought of using the renko for HTF, specifically H1 and H4.

I am interested in the settings to be used for trading in thoses time frames
  • #324
  • Edited 5:54am Nov 27, 2014 5:13am | Edited 5:54am
I wonder if someone can help me out.

My MT4 Ichi indicator is only titled Ichimoku.

There is another one called Ichimoku Kinko Hyo, which allows for setting alerts based on various crossings of the variables. If anyone has this version of the Ichimoku indicator, please share it.

Never mind....found an indi with the alert including email, which s what i needed.
  • #325
  • Nov 27, 2014 5:34am Nov 27, 2014 5:34am
Quoting panamamike
I wonder if someone can help me out. My MT4 Ichi indicator is only titled Ichimoku. There is another one called Ichimoku Kinko Hyo, which allows for setting alerts based on various crossings of the variables. If anyone has this version of the Ichimoku indicator, please share it.
try this one....... histogram with alerts
Attached File(s)
File Type: ex4 Kumo_Breakout_Histo.ex4   11 KB | 529 downloads
  • #326
  • Nov 27, 2014 6:03am Nov 27, 2014 6:03am
Quoting RougeTrader
{quote} try this one....... histogram with alerts {file}
Well Bugga me... It was there as a standard indicator on my Marketscope charts all along..Hehe. Seems best on 15m chart. 5 brick. DAX. Renko with Heiken overlay...
Attached Image (click to enlarge)
Click to Enlarge Name: Dax R.png Size: 21 KB
Money Makes Money
  • #327
  • Nov 27, 2014 6:15am Nov 27, 2014 6:15am
Quoting civilpes2001
Hey everyone Has anyone thought of using the renko for HTF, specifically H1 and H4. I am interested in the settings to be used for trading in thoses time frames
Hi yes, and they can work great BUT the Timescale is not relevent as the RENKO ignores time just counts pips. So if you are used to trading 4hour and checking your charts every 4 hours then you will be in for a surprise as you could get 5 or 6 moves in that time. So you have to be alert all the time or have some sort of EA or alerts.

Works great back testing

Cheers

Alan

PS I have used 14 bricks
  • #328
  • Nov 27, 2014 6:21am Nov 27, 2014 6:21am
Ok....

Here is what I am monitoring now.

First.... thanks very much for making the alert for the change in renko to be email capable.

Now, i monitor three things for possible trades, and they all email me when it occurs:

1) renko color change
2) price breaking out of the cloud
3)Tenkan Kijun Crosses

This now allows me to test my ideas while keeping my focus on my bread and butter scalping system.
  • #329
  • Nov 27, 2014 8:59am Nov 27, 2014 8:59am
Quoting panamamike
Ok.... Here is what I am monitoring now. First.... thanks very much for making the alert for the change in renko to be email capable. Now, i monitor three things for possible trades, and they all email me when it occurs: 1) renko color change 2) price breaking out of the cloud 3)Tenkan Kijun Crosses This now allows me to test my ideas while keeping my focus on my bread and butter scalping system.

What works also very good if all conditions are good in the ichimoku system and then the price breaks the tenkan line.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 28 KB
  • #330
  • Nov 27, 2014 10:54am Nov 27, 2014 10:54am
Hi everyone:

I was travelling today and is no a good day for trade but i can take a couple of entries in AU & EU.

Im lookin that some traders are adding indicators to this trading way and i must say is no need.

Most traders use indicators for some reasons. Some of they for look for an exact entry point (bit mistake). Other group for to identify current trend and take profit until its end.

If i take your ichimoku chart (i.e.) i can take some trades with a bit profit. But you think is you transfer the same indicator (ichimoku or a MA or a LWMA or whatever trend indicator you want) to a higher time frame..... then you have the same scenario but to big scale and with the same risk and the same entry point you can maximize your profit to the same big scale.

Another question is for me the common creence that adding indicators type oscilators is an entry/exit filter. May be this is one of the reasons traders dont gain money consistenly by the years.

If you think seriously about oscilators and look in a high velocity simulator how they Works you can see that dont anticípate nothing. This indicators only go up and down inside a fixed axis and then go flaaaattttttttt for a time untill go to the other extreme.... while you are thinking "now is the moment". Common mistake.
Alllll Oscilators ALWAYS FOLLOW THE PRICE.

From the creation of the first oscillators.... RSI, MACD.... etc.... until today.... dozen and dozen programers are MAKIN dozen and dozen of oscillators. My question is WHY?.
If you think MACD, RSI, STOCHASTIC Works by years then WHY FOLLOW LOSING TIME MAKING NEW OSCILATORS AND NEW INDICATORS?....

My answer is simple.... Cause most majory traders dont use correctly and base their trading system in them.

If you want to use it i think there must be only how a visual help.

Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM2.png Size: 45 KB
Click to Enlarge Name: AUDUSDM2.png Size: 37 KB
That which you give to others, life will return it in spades
  • #331
  • Nov 27, 2014 3:35pm Nov 27, 2014 3:35pm
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 62 KB
  • #332
  • Nov 27, 2014 3:36pm Nov 27, 2014 3:36pm
Attached Image (click to enlarge)
Click to Enlarge Name: crude.png Size: 106 KB
  • #333
  • Nov 27, 2014 4:00pm Nov 27, 2014 4:00pm
Hi,

I'm new to this business, but after a few weeks ago found the information about RENKO, and now I was lucky to find this tread here on forexfactory, I did tested today and get the following results:
Attached Image (click to enlarge)
Click to Enlarge Name: first trade.jpg Size: 657 KB


Thx, for giving me the opportunity to get rid of all the "noise" from useless information, now all I have to do is to develop a good management plan that will give me constant revenue. Also I have to thanks to Udine, from his wisdom that he wrote in the document from his tread.
Indeed the simple the better, and follow the big picture and then the details. I did saw that RENKO graphs produce signals also in range situation not only in trends.
  • #334
  • Nov 28, 2014 4:26am Nov 28, 2014 4:26am
Quoting dansmol
{quote} Dear dee50 Will you be so kind to tell me, what is the blue line on your chart.It is a MA or what? I can't figure out what it is. Thank you very much for your time My best regards Dan
Sorry, been distracted, busy time here with the olives and the weather is not helping. Here is a link to a thread that will explain the use of the MA. Do not be confused by the thread title. read 5 - 6 pages from the link and you will see examples of how to use the MA. You are looking for all the references to the "5 Method", it is one of the old methods of trading, I personally started using it in 2005 and it had been around for a while before then. Eelfranz (Big E) incorporated it into his trading methods so there are many traders using it, even though they do not realize it.

Craig Harris Stochastics Method - Page 151 @ Forex Factory

Read this post as well. Good Advice.

http://www.forexfactory.com/showthre...02#post3301202
Cut your Losers short and let your Winners run.
  • #335
  • Nov 28, 2014 9:28am Nov 28, 2014 9:28am
TODAYS UPDATE:

SELLING AUDUSD.
BUYING EURJPY

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM2.png Size: 41 KB
Click to Enlarge Name: EURJPYM2.png Size: 50 KB
That which you give to others, life will return it in spades
  • #336
  • Nov 28, 2014 10:34am Nov 28, 2014 10:34am
EU +20. 3 pip Chart. Just got back in. had to take this trade even though it was close to BRN and it is late Friday session here 17.20. Moved sl very quickly to B/E @5pips after that it did not matter what happened, it was a free trade but Price kindly cleared the BRN so I dropped TP down, literally a minute later TP was hit for +20. have to say these Renkos make it easier to see these trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD 281114.png Size: 54 KB
Click to Enlarge Name: EURUSD +20 281114.png Size: 51 KB
Cut your Losers short and let your Winners run.
  • #337
  • Nov 28, 2014 11:01am Nov 28, 2014 11:01am
Quoting Jaquemate
TODAYS UPDATE: SELLING AUDUSD. BUYING EURJPY Regards {image} {image}
Hola Jaquemate,
You may have done this already on other posts, but can you please explain why you chose to go long in those trades? I mean, giving your analysis that based your trade?

Do you use any alert system to advice you when a candle closed over your trend line?

I also noticed that renko slows very much PC performance. Are you experiencing this same thing?

Many thanks
  • #338
  • Nov 28, 2014 11:51am Nov 28, 2014 11:51am
Quoting Jaquemate
TODAYS UPDATE: SELLING AUDUSD. BUYING EURJPY Regards {image} {image}
First of all many Thanks you Jaquemate for sharing this Renko-Style-Trading. I ve been following this Thread for a while, and experimentend with those Renkos.
Attached my first real Trade - GU short. About 60 pips and still open.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm2.png Size: 69 KB
  • #339
  • Edited 1:06pm Nov 28, 2014 12:21pm | Edited 1:06pm
Quoting dee50
{quote} Sorry, been distracted, busy time here with the olives and the weather is not helping. Here is a link to a thread that will explain the use of the MA. Do not be confused by the thread title. read 5 - 6 pages from the link and you will see examples of how to use the MA. You are looking for all the references to the "5 Method", it is one of the old methods of trading, I personally started using it in 2005 and it had been around for a while before then. Eelfranz (Big E) incorporated it into his trading methods so there are many traders using...

Watching the thread as you recomended thanks, as a newbii i have a lot to learn. Unfortenatly the videos dont seems to work any longer.

Best regards
  • #340
  • Nov 28, 2014 1:00pm Nov 28, 2014 1:00pm
Quoting Ollisen
{quote} First of all many Thanks you Jaquemate for sharing this Renko-Style-Trading. I ve been following this Thread for a while, and experimentend with those Renkos. Attached my first real Trade - GU short. About 60 pips and still open. {image}
Really good entry....
Could you share your set for ema and LWMA (and renko) if you can
Thanks
Regards
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