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  • #1,801
  • May 7, 2015 9:26am May 7, 2015 9:26am
Quoting Esosa
{quote} Hello dee, when you say trade the channel do you mean when price touches the top or bottom line and a wavy or big arrow signal appear then you will take the trade? Please through a little light on it.And thanks for all your hard work to this thread, God bless you sir.Hello dee, whennyou
Channel and Range trading are 2 of the easiest methods to trade, because you know where the Top and Bottom of the market is, by selling at the top buying at the bottom you have a small stoploss of only a few pips.
In a channel or range you do not need the HGI arrows, wait for them if that makes you feel better but you will enter later.

There is a lot of information on how to trade ranges and channels but have a look at Nial Fullers site, I seem to recall he has a section on channel and Range trading

http://www.learntotradethemarket.com/
Cut your Losers short and let your Winners run.
  • #1,802
  • May 7, 2015 9:28am May 7, 2015 9:28am
EU +50. second part of that ongoing trade hit.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +50 70515.png Size: 50 KB
Cut your Losers short and let your Winners run.
  • #1,803
  • May 7, 2015 9:32am May 7, 2015 9:32am
Quoting bluejack
{quote} This one looks simple. Sorry, haven't tried it though. I believe you must have tried swiss army, cave manager, and mptm by steve. Like you said we need masters to know how to make these work. {file}
Thanks, I will have a look. yes I have tried all of the above and a few more, it would be great if you could understand what the hell they are supposed to do, jumpinSL??, and why is it that they never let you choose what you want to do, "sorry, coffee only comes with sugar, if you don't want sugar you will have to have Tea" It would be nice to be able to leave a trade and know that the TM is not going to bankrupt you while you make a coffee.
Cut your Losers short and let your Winners run.
  • #1,804
  • May 7, 2015 12:21pm May 7, 2015 12:21pm
[quote=dee50;8250329]{quote} Channel and Range trading are 2 of the easiest methods to trade, because you know where the Top and Bottom of the market is, by selling at the top buying at the bottom you have a small stoploss of only a few pips. In a channel or range you do not need the HGI arrows, wait for them if that makes you feel better but you will enter later. There is a lot of information on how to trade ranges and channels but have a look at Nial Fullers site, I seem to recall he has a section on channel and Range trading
Thanks for your reply. If the channel on your chart is an indicator please can you attach it? Thanks
  • #1,805
  • Edited 3:35am May 8, 2015 1:36am | Edited 3:35am
back to basic.
RDIV macd on h4. sell stop triggered +47 ongoing
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-05-08 alle 08.31.34.png Size: 20 KB


edit: out +34
enter long RDIV 10pip on BNR and S/R 4H +21 ongoing

Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-05-08 alle 10.33.24.png Size: 25 KB
nescentia necat
  • #1,806
  • May 8, 2015 3:45am May 8, 2015 3:45am
[quote=Esosa;8250701]
Quoting dee50
{quote} If the channel on your chart is an indicator please can you attach it? Thanks
Not an indicator. I use the Fib Channel tool part of MT4 Tools.
Cut your Losers short and let your Winners run.
  • #1,807
  • May 8, 2015 3:46am May 8, 2015 3:46am
Quoting friska
back to basic. {image}
Cut your Losers short and let your Winners run.
  • #1,808
  • May 8, 2015 9:34am May 8, 2015 9:34am
EU +22+22+2+2+30+30. it was all over bar the handshaking by the time I got back. But as you may have noticed I am using multiple orders to garner more pips out of a small move, this way I took 108 pips out of a 66 pip move. I have also changed back to the original TM I was using as the person who wrote it was not illiterate and I could understand how to set it up. I read some where that it should take about 1 week to learn how to programme in MQL4 I think I am going to sit down and learn it, especially if the village idiot from Toledo can manage it then I am sure so can I.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +22+22+2+2+30+30 80515.png Size: 48 KB
Cut your Losers short and let your Winners run.
  • #1,809
  • May 8, 2015 10:43am May 8, 2015 10:43am
Quoting dee50
EU +22+22+2+2+30+30. it was all over bar the handshaking by the time I got back. But as you may have noticed I am using multiple orders to garner more pips out of a small move, this way I took 108 pips out of a 66 pip move. I have also changed back to the original TM I was using as the person who wrote it was not illiterate and I could understand how to set it up. I read some where that it should take about 1 week to learn how to programme in MQL4 I think I am going to sit down and learn it, especially if the village idiot from Toledo can manage...
You are a pips hungry monster..
  • #1,810
  • May 9, 2015 5:02am May 9, 2015 5:02am
Quoting dee50
EU +20+ongoing. Any one got a good reliable Trade Manager,
I use Visual Trading Console, you would have to pay for it but it is an excellent trade manager and well worth the money, you can download a 7 day trial to check it out http://www.az-invest.eu/visual-tradi...for-metatrader

I normally trade higher TF's using my own system but I have a couple of operations coming up that's going to force me to sit on my backside for several months so I have been following this thread to get ideas how I can use Renko to trade in between the higher TF's and just want to say thanks for all the great info that is on this thread.
Your Attitude Determines Your Altitude
  • #1,811
  • May 9, 2015 5:54am May 9, 2015 5:54am
Hi, dee50.
Do you use BUY/SELL/CLOSE script?
  • #1,812
  • May 10, 2015 2:07am May 10, 2015 2:07am
Hi,
Where can I download the dual range indicator on Jaqumate's chart in the first page?

Thanks in advance
  • #1,813
  • May 10, 2015 3:31am May 10, 2015 3:31am
Hi, Dave1...
Dual range indicator?

http://www.forexfactory.com/showthre...513860&page=90

5 renko template.zip
10 renko template.zip

There are in the files.

May be "FXkred_renko_counter_v1.05a"
  • #1,814
  • May 10, 2015 4:11am May 10, 2015 4:11am
Quoting Dave1
Hi, Where can I download the dual range indicator on Jaqumate's chart in the first page? Thanks in advance
Look in the attachments section. Under "Jaquemate"
Cut your Losers short and let your Winners run.
  • #1,815
  • May 10, 2015 4:11am May 10, 2015 4:11am
Quoting Cocor1
Hi, dee50. Do you use BUY/SELL/CLOSE script?
Yes. trying to.
Cut your Losers short and let your Winners run.
  • #1,816
  • May 10, 2015 4:13am May 10, 2015 4:13am
Quoting forexnutter
{quote} I use Visual Trading Console, you would have to pay for it but it is an excellent trade manager and well worth the money, you can download a 7 day trial to check it out http://www.az-invest.eu/visual-tradi...for-metatrader I normally trade higher TF's using my own system but I have a couple of operations coming up that's going to force me to sit on my backside for several months so I have been following this thread to get ideas how I can use Renko to trade in between the higher TF's and just...
Thanks for the info, it looks interesting and if it does what it says on the tin "reliably" it is not a bad price.
Cut your Losers short and let your Winners run.
  • #1,817
  • May 10, 2015 12:15pm May 10, 2015 12:15pm
Hi all,

I usually lurk on these forums, but I thought it was about time that I join in..

I just wanted to say thanks to everyone for keeping the thread going, I like these sort of threads.. Thanks to Dee in particular, for sharing your thought processes and also the vast amount of screenshots you have shared with notes.

I have found Dee's way of trading the renkos interesting and insightful, I have had success with renkos in the past when I traded them for a short period of time, and on thursday and friday I traded the renkos once again, and coming back to them just feels great and very well suited to me, so I am going to stick with them for a while and see how I get on, but in the 2 days of trading that I did on thursday and friday, I had fantastic results, to say the least.. so thank you all for a fresh perspective.

I am just going to be trading the Euro with the renkos to begin, 3 pip bars for my trading timeframe, and the 10pip bars for my higher timeframe.
  • #1,818
  • May 10, 2015 12:27pm May 10, 2015 12:27pm
Hi guys, are u profitable with this strategy ? It looks good for me and I like it. I couldnt find strategy what fits me .. but this look real good ... Where I can download RENKO bars and applicate it to MT4 ?
"I'm not answering stupid questions."
  • #1,819
  • May 10, 2015 12:33pm May 10, 2015 12:33pm
Quoting Malchi
Hi guys, are u profitable with this strategy ? It looks good for me and I like it. I couldnt find strategy what fits me .. but this look real good ... Where I can download RENKO bars and applicate it to MT4 ?
I've attached the file you need for the renko bars for MT4 and here is the post that shows you how to fully set it up to work as required:

http://www.forexfactory.com/showthre...07#post8106307
Attached File(s)
File Type: mq4 renkolivecharts_pimped_v4_13.mq4   20 KB | 528 downloads
  • #1,820
  • May 10, 2015 1:22pm May 10, 2015 1:22pm
Thank you Cocor1.
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