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Extreme analysis system (Renko charts + Candlestick charts)

  • #301
  • Mar 19, 2015 1:06am Mar 19, 2015 1:06am
hi hamdy salah i m using your system last 4 days.this is awsome i have one question why we use M2 offline chart? if we see offline chart everything is freeze on this chart then why we need this
  • #302
  • Mar 19, 2015 1:55am Mar 19, 2015 1:55am
please check this image
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 360 KB
  • #303
  • Mar 19, 2015 2:32am Mar 19, 2015 2:32am
Quoting ayan
hi hamdy salah i m using your system last 4 days.this is awsome i have one question why we use M2 offline chart? if we see offline chart everything is freeze on this chart then why we need this
Your renko is freezed because you have to go to TOOLS-OPTIONS -EXPERT and allow DLL import and Auto trading then install the renko chart from the beginning ,please read the Renko manual on 1st post.
Your perception dictates your behaviour
  • #304
  • Mar 19, 2015 2:47am Mar 19, 2015 2:47am
Quoting hamdysalah
{quote} Hi,nice to hear from you again, where are the rest of the indies? and why did you change inputs?

With all due respect, I like to have one man doing the work of four men, so if one indicator can tell me what five indicators are telling me then I'd use that one indicator instead.
I find that price above the Doda and the MACD above 0 for a buy and reverse for a sell is the summary of this strategy, so in that case I just need to tweak the Doda and find a filter for the Doda and the MACD which is the Gan HiLo Histo, This is what I've done.

The 48SMA on the pipware mini chart is the Daily 2SMA which tells the trader the daily bias, so you know if you are with the daily or trading a retracement back to the daily.

That said I think the 48 for the Doda channel and the Gann HiLo Histo needs to be varied with each instruments volatility as I'm getting different results for EURUSD & GBPUSD.

All this may change in the end when I get more M2 Offline data and see more historical results but for now I think I'd forward test this for a while.

Imagine the EU retracement back to the 48SMA the entry last night is still running, in fact, taking a short from the pivot line today would have reined in >120 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EXT RENKO_2015-03-19_08-44-38.png Size: 62 KB
Let it turn and find your entry.
  • #305
  • Mar 19, 2015 2:51am Mar 19, 2015 2:51am
Quoting Intrepidpips
{quote} With all due respect, I like to have one man doing the work of four men, so if one indicator can tell me what five indicators are telling me then I'd use that one indicator instead. I find that price above the Doda and the MACD above 0 for a buy and reverse for a sell is the summary of this strategy, so in that case I just need to tweak the Doda and find a filter for the Doda and the MACD which is the Gan HiLo Histo, This is what I've done. The 48SMA on the pipware mini chart is the Daily 2SMA which tells the trader the daily bias, so you...
you think that this is ideal now because of the news effect but in real life doesn't work like this but of you think that its better that way so test it during next week and give us your feedback it will be good for all of us...Thanks Man
Your perception dictates your behaviour
  • #306
  • Mar 19, 2015 2:56am Mar 19, 2015 2:56am
Quoting Intrepidpips
{quote} With all due respect, I like to have one man doing the work of four men, so if one indicator can tell me what five indicators are telling me then I'd use that one indicator instead. I find that price above the Doda and the MACD above 0 for a buy and reverse for a sell is the summary of this strategy, so in that case I just need to tweak the Doda and find a filter for the Doda and the MACD which is the Gan HiLo Histo, This is what I've done. The 48SMA on the pipware mini chart is the Daily 2SMA which tells the trader the daily bias, so you...
This chart you are showing is the chart people use to sell you to convince you that their indicators are worth money....i am not saying it is bad but test it first and you know that i respect your point of view....
Your perception dictates your behaviour
  • #307
  • Mar 19, 2015 3:30am Mar 19, 2015 3:30am
Some very useful indicators for Renko charts
Attached File(s)
File Type: mq4 New_Candle_Alarm.mq4   1 KB | 429 downloads
File Type: mq4 bar_close_alarm_V1.mq4   2 KB | 396 downloads
Let it turn and find your entry.
  • #308
  • Mar 19, 2015 3:35am Mar 19, 2015 3:35am
Quoting hamdysalah
{quote} test it first and you know that i respect your point of view....
It's preliminary and yeah I'd test it Live next week.

Thanks for condoning my deviation, I have this knack for reinventing the wheel.
Let it turn and find your entry.
  • #309
  • Mar 19, 2015 3:37am Mar 19, 2015 3:37am
Quoting Intrepidpips
{quote} It's preliminary and yeah I'd test it Live next week. Thanks for condoning my deviation, I have this knack for reinventing the wheel.
No please test it on demo first ,and thanks a lot for those useful indies ...
Your perception dictates your behaviour
  • #310
  • Mar 19, 2015 4:02am Mar 19, 2015 4:02am
Newbie learning in progress.
Is this a clear shot for you hamdysalah?
Thanks for guiding.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB
Click to Enlarge Name: Screenshot2.png Size: 51 KB
Not searching for unusual subject matter but making the commonplace unusual
  • #311
  • Mar 19, 2015 4:19am Mar 19, 2015 4:19am
Quoting vintex
Newbie learning in progress. Is this a clear shot for you hamdysalah? Thanks for guiding. {image} {image}
SUUUUUUUUURE more than clear
Your perception dictates your behaviour
  • #312
  • Edited 4:58am Mar 19, 2015 4:26am | Edited 4:58am
Quoting vintex
Newbie learning in progress. Is this a clear shot for you hamdysalah? Thanks for guiding. {image} {image}
In thus craczy market i use two options SL 15 pips or hedge in the opposite direction if trend reversed with triple the amount you entered...
Your perception dictates your behaviour
  • #313
  • Mar 19, 2015 4:43am Mar 19, 2015 4:43am
Quoting hamdysalah
{quote} In thus craczy market i use two options SL 15 pips or hedge in the opposite direction if thing reversed with triple the amount you entered...
(Option 1)So you put 15 pips away from your entry as SL?
(Option 2)This is a bit of complicated for me to understand. Do you make LONG and SHORT around a certain price level? I do not really get what it means by triple amount?
Hope you can tell me more about the ways you trade with this system. Wish to learn more from you.
Thank you bro!
Not searching for unusual subject matter but making the commonplace unusual
  • #314
  • Mar 19, 2015 4:57am Mar 19, 2015 4:57am
Quoting vintex
{quote} (Option 1)So you put 15 pips away from your entry as SL? (Option 2)This is a bit of complicated for me to understand. Do you make LONG and SHORT around a certain price level? I do not really get what it means by triple amount? Hope you can tell me more about the ways you trade with this system. Wish to learn more from you. Thank you bro!
Dont worry i will say everything but take your time at the basics rules first and yesterday and today there are no rules the marke has gone mad so at this situation you need to have a lot of experience to trade and to switch your losses to break even or winners..never use hedge after at least one year live account,and what i mean about triple if you entered first trade with volume 1 you trade in the opposite direction with volume 3 i hope you got it now...
Your perception dictates your behaviour
  • #315
  • Mar 19, 2015 5:02am Mar 19, 2015 5:02am
Quoting hamdysalah
{quote} Dont worry i will say everything but take your time at the basics rules first and yesterday and today there are no rules the marke has gone mad so at this situation you need to have a lot of experience to trade and to switch your losses to break even or winners..never use hedge after at least one year live account,and what i mean about triple if you entered first trade with volume 1 you trade in the opposite direction with volume 3 i hope you got it now...
Yeah, got it now, clear enough but definitely not suitable for newbie like me trading such a way. Too dangerous for me, maybe I will have a chance to do that few years later.
Thank you very much for explaining everything for me.
Not searching for unusual subject matter but making the commonplace unusual
  • #316
  • Mar 19, 2015 12:33pm Mar 19, 2015 12:33pm
Quoting ayan
please check this image {image}
Hi Ayan

On your picture the Auto Trading is off, so the Experts are not working.
  • #317
  • Mar 19, 2015 6:21pm Mar 19, 2015 6:21pm
very interesting idea, i also love the renko chart.
good luck to the new thread and hamdysalah.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #318
  • Mar 19, 2015 6:27pm Mar 19, 2015 6:27pm
Quoting Nihilist
very interesting idea, i also love the renko chart. good luck to the new thread and hamdysalah.
Thanks Nihilist and hope to hear more from you soon.
Your perception dictates your behaviour
  • #319
  • Mar 20, 2015 2:02am Mar 20, 2015 2:02am
Short setup is starting to form on EURJPY and EURUSD for the renko chart to give you the signal....
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 11 KB
Your perception dictates your behaviour
  • #320
  • Mar 20, 2015 2:15am Mar 20, 2015 2:15am
Quoting ayan
please check this image {image}
Hey Ayan ,
is Renko chart working well now? waiting for feedback....
Your perception dictates your behaviour
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