{quote}but we need to think about the formula then.
I was thinking you could still use the same formular but without CHF? 
- #41
- May 2, 2015 3:21pm May 2, 2015 3:21pm
- Joined Nov 2013 | Status: Member of the 5% club | 1,259 Posts
I was thinking you could still use the same formular but without CHF? 
- #43
- Edited 3:55pm May 2, 2015 3:36pm | Edited 3:55pm
- Joined Aug 2014 | Status: Trading | 2,163 Posts
Trading is the hardest way to make easy money...
- #44
- May 2, 2015 3:38pm May 2, 2015 3:38pm
- Joined Aug 2014 | Status: Trading | 2,163 Posts
{quote}
Trading is the hardest way to make easy money...
- #45
- May 2, 2015 3:39pm May 2, 2015 3:39pm
- Joined Nov 2013 | Status: Member of the 5% club | 1,259 Posts
I am sorry if my questions looks silly but i take time to understand any system to make most of it. You have created the USD index using these pairs USDCHF, EURUSD, USDJPY, GBPUSD, USDCAD and AUDUSD. So basically we gonna choose the strong currency to buy and weak to sell. My question - Are Indexes USDLFX, EURLFX etc are diffrent from currency strength meter. Since in CSM we also choose the strong one and weaker one. {image}
- #46
- May 2, 2015 3:40pm May 2, 2015 3:40pm
- Joined Nov 2013 | Status: Member of the 5% club | 1,259 Posts
{quote} I'll think about it... I may come up with some new formula
- #47
- May 2, 2015 3:46pm May 2, 2015 3:46pm
{quote} There is for sure correlation between indices and the currency strength meters, but they are no the same. However, a basic strategy would be to look at USDLFX and EURLFX charts, if EURLFX bar gets strength but USDLFX bar does not, this could be a sign of upward movement of the EURUSD pair, for example.
I am thinking if you can give the index bars a pip value like we have in Renko chart. What is in my mind, suppose if we have EURLFX and USDLFX index in renko bricks we can identify the trend easily for those index and trade them according to trend as one has to fall and other to rise vice versa .
May be I am not able to explain it properly but you are master mind and get my idea
P.S. Renko always have noise free charts.
If you believe in yourself anything is possible !!
- #50
- May 2, 2015 4:34pm May 2, 2015 4:34pm
- Joined Nov 2013 | Status: Member of the 5% club | 1,259 Posts
...no clear way what to do...{image}
....on the contrary I think...but with Renko's bricks we have stress free trades.
....could you post a Renko brick chart to illustrate this further? Tnx.I am thinking to develop some system to make money. {image}
...Thats the spirit! lol.
- #51
- May 2, 2015 4:45pm May 2, 2015 4:45pm
{quote}
Yes they are contrary but we need a system to filter the moves to pick our trades
{quote}
See the attached EURUSD 10 pips renko offline chart which has no noise on chart clear moves. I want same with EURLFX and USDLFX but for that i have to use Lite forex brokers terminal which i dnt want but hoping MT7 will do something like that so we can use in broker.
{quote}
Thanks
If you believe in yourself anything is possible !!
- #52
- May 2, 2015 4:54pm May 2, 2015 4:54pm
- Joined Nov 2013 | Status: Member of the 5% club | 1,259 Posts
{quote} Thanks
...what renko generator you using by the way?
- #53
- May 2, 2015 4:59pm May 2, 2015 4:59pm
{quote}
If you believe in yourself anything is possible !!
- #54
- May 2, 2015 5:08pm May 2, 2015 5:08pm
- Joined Nov 2013 | Status: Member of the 5% club | 1,259 Posts
{quote} I am using median renko and disable the wick. I also using MT7 Renko generator "no gap" but it would be great if he gives an option to disable the wicks. {file}
- #55
- May 3, 2015 2:18am May 3, 2015 2:18am
- Joined Aug 2014 | Status: Trading | 2,163 Posts
To support my #post 47 Please see the current version of Index no clear way what to do but with Renko's bricks we have stress free trades. I might be wrong but this is how I am thinking to develop some system to make money. {image}
Trading is the hardest way to make easy money...
- #56
- May 3, 2015 2:51am May 3, 2015 2:51am
- Joined Nov 2013 | Status: Member of the 5% club | 1,259 Posts
{quote} you can attach a Renko builder EA to USDLFX and EURLFX charts for this purpose...
- #57
- May 3, 2015 2:58am May 3, 2015 2:58am
- Joined Aug 2014 | Status: Trading | 2,163 Posts
{quote} ...err...which xxxLFX version do you mean? Your version? Or LiteForex version?
Trading is the hardest way to make easy money...
- #58
- May 3, 2015 3:32am May 3, 2015 3:32am
- Joined Nov 2013 | Status: Member of the 5% club | 1,259 Posts
{quote} Try on both! For example, create M1 charts of USDLFXc and EURLFXc (or just use LiteForex USDLFX and EURLFX M1 charts), then attach a Renko builder EA on them, finally open USDLFXc,M2 and EURLFXc,M2 form offline charts menu...
- #59
- May 3, 2015 9:54am May 3, 2015 9:54am
{quote} Try on both! For example, create M1 charts of USDLFXc and EURLFXc (or just use LiteForex USDLFX and EURLFX M1 charts), then attach a Renko builder EA on them, finally open USDLFXc,M2 and EURLFXc,M2 form offline charts menu...
, good idea will do and check but i dnt want to do it in Lite Forex MT4.... reason cant depend on their demo since the price lagging
If you believe in yourself anything is possible !!
{quote} You're welcome! :-) Please note that this index is created from USDCHF, EURUSD, USDJPY, GBPUSD, USDCAD and AUDUSD pairs. So, you need to have 50,000 bars in the history of all the pairs...
I know seller EA and subscribed his thread.There is an important issue that i tried to explain before; DIRECTION.
I think, direction is most important things on trading. I will try to explain my opinion;
*İf both indices are moving in a different direction at same time, IT'S EASY.
*İf both indices are moving in a same direction at same time, IT'S TO HARD.
Most traders lose money in second case. we call this situation a flat market.
İn this case,the most important question; How do we define the trend ?
http://i.hizliresim.com/LaENB0.jpg