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More simple is impossible

  • #2,781
  • Edited 4:44am Aug 10, 2015 4:06am | Edited 4:44am
DE30 B/E +2 ongoing.

Update. Out for +17. For some reason the TM moved my sl upto +17, it seems I still have not worked it out, but in this instance it was fortuitous as I would have been taken out for B/E +2 so I made 15 pips more!!!

I am determined to make this one work as it is free, unfortunately the instructions are written in Swahili.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 100815.png Size: 56 KB
Cut your Losers short and let your Winners run.
  • #2,782
  • Aug 10, 2015 5:04am Aug 10, 2015 5:04am
DE30 another go long. I was not paying attention so I am in a little later than I would have liked, this entry gives me more stress where as 2 bars sooner and I would have had a 10 pip cushion, but look at the 10 pip stochs it only came back to the 50 level showing good upward momentum so at worst I should be able to get out for +20 if the 50% + Daily Open prove to too strong a resistance at the moment. Also, looking at the DAX Index it is showing a good measure of buying.

Hah! as I am typing the TM moved sl to +17 again and once again it saved my arse, I have to figure this one out, lots of traders are using this TM, if they can do it so can I. I shall try the Babel Fish translator see if it can make any sense of the Swahili.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Dax Index 100815.png Size: 86 KB
Click to Enlarge Name: DE30 +17 100815.png Size: 54 KB
Cut your Losers short and let your Winners run.
  • #2,783
  • Aug 10, 2015 5:08am Aug 10, 2015 5:08am
Let me help with the instructions mate.
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #2,784
  • Aug 10, 2015 5:28am Aug 10, 2015 5:28am
Quoting fisheggs
Let me help with the instructions mate.
Any help is appreciated. I have attached the mq4 file.

Currently I have the following. These are the settings for the DAX. 200,000 = 20 pips etc.

SL = 20 (200,000)
TP = 40 (400,000)

B/E +2 @ 15 in profit (150,000)

I don't actually want the Jump Stop trail but I can not seem to disable it!

There are 2 other settings which appear to effect if the TM works or not.
SlMinDistanceToPriceBE
SLMinDistanceToPriceJS
Attached Image (click to enlarge)
Click to Enlarge Name: APTM settings.png Size: 42 KB
Attached File(s)
File Type: mq4 milaneseAPTM_218.mq4   65 KB | 536 downloads
Cut your Losers short and let your Winners run.
  • #2,785
  • Aug 10, 2015 5:57am Aug 10, 2015 5:57am
DE30 +30. Needless to say I went long again at the first opportunity, this time I was paying attention and got the entry I wanted, and, I did not use the TM so it went to my TP, granted price will likely go further but with this price action of deep pullbacks, I can actually make a lot more pips trading the pullbacks than with a single straight line trade which would have to take the stress of each pullback but with out the additional reward.

just a side note, look at the 10 pips Stochs, once again it has only come back down to the 50 level and the MACD has stayed above the zero level, both confirming upward momentum, so use the 5 pips Stochs to time your entry and Hey Presto, "Pips In Pot", I bet no one realized that that is where the term "pip" came from
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 +30 100815.png Size: 54 KB
Cut your Losers short and let your Winners run.
  • #2,786
  • Aug 10, 2015 6:13am Aug 10, 2015 6:13am
WOW, that is not swahil for sure lol. Have you looked at or tried the Multi Purpose Trade Manager?

I will have a play with both and see which one I can get to work
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #2,787
  • Aug 10, 2015 6:36am Aug 10, 2015 6:36am
Quoting dee50
... look at the 10 pips Stochs, once again it has only come back down to the 50 level ...
Dee

Quick question if I may, which stoch and setting do you use? I have two on my screen but still can't get them to look like yours i.e. touch the 50-level. The second is the stoch oscillator that comes as standard with MT4
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
  • #2,788
  • Aug 10, 2015 7:28am Aug 10, 2015 7:28am
Quoting mact4
{quote} Dee Quick question if I may, which stoch and setting do you use? I have two on my screen but still can't get them to look like yours i.e. touch the 50-level. The second is the stoch oscillator that comes as standard with MT4{image}
Standard MT4 Stochastics, set as follows, although yours still makes the point, 50 and above = upward momentum.
Attached Image
Cut your Losers short and let your Winners run.
  • #2,789
  • Aug 10, 2015 7:34am Aug 10, 2015 7:34am
Quoting dee50
{quote} Standard MT4 Stochastics, set as follows, although yours still makes the point, 50 and above = upward momentum. {image}
Thank you. Still can't get stochs to touch 50-level. Guess it must be down to data feed.
Attached Image
  • #2,790
  • Aug 10, 2015 9:01am Aug 10, 2015 9:01am
Quoting mact4
{quote} Thank you. Still can't get stochs to touch 50-level. Guess it must be down to data feed. {image}
Yes. Just imagine how many Forex Brokers would go bust if we ALL had the same Data!!!!
Cut your Losers short and let your Winners run.
  • #2,791
  • Aug 10, 2015 9:05am Aug 10, 2015 9:05am
De30. +26 +26. I just could not get the trailing stop right today, before it was the TM but no excuse this time, this time it was me. I might give it one more go today, wait and see if this turns into a reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: De30 +26 +26 100815.png Size: 52 KB
Cut your Losers short and let your Winners run.
  • #2,792
  • Aug 10, 2015 9:13am Aug 10, 2015 9:13am
Dee, can I ask you - What size of bricks do you use ? I can see, we have a kind different charts right now.
  • #2,793
  • Edited 10:02am Aug 10, 2015 9:43am | Edited 10:02am
Quoting Matomi
Dee, can I ask you - What size of bricks do you use ? I can see, we have a kind different charts right now.
10 pip and 5 pip. the 50 = 5 pip. the 100 = 10 pip.

use this renko ea. http://www.forexfactory.com/attachme...mentid=1671492

set the size to 500 for a dax 5 pip chart and 1,000 for a dax 10 pip chart, then we should be looking at the same thing.


EDIT. I have just looked at the chart you posted a little while ago, I can not see any difference!!!??? apart from the fact I am using Hollow Candles. Bar sizes appear to be the same, so I am not sure what you are seeing as different??
Cut your Losers short and let your Winners run.
  • #2,794
  • Aug 10, 2015 10:14am Aug 10, 2015 10:14am
There is definitely no reversal on the cards at the moment. I am calling it a day, I have a tub of chocolate chip ice cream waiting for me and an episode of Hell on Wheels. CU 2morrow.
Attached Image (click to enlarge)
Click to Enlarge Name: Dax Index 100815.png Size: 86 KB
Cut your Losers short and let your Winners run.
  • #2,795
  • Aug 10, 2015 11:00am Aug 10, 2015 11:00am
Quoting dee50
{quote} 10 pip and 5 pip. the 50 = 5 pip. the 100 = 10 pip. use this renko ea. http://www.forexfactory.com/attachme...mentid=1671492 set the size to 500 for a dax 5 pip chart and 1,000 for a dax 10 pip chart, then we should be looking at the same thing. EDIT. I have just looked at the chart you posted a little while ago, I can not see any difference!!!??? apart from the fact I am using Hollow Candles. Bar sizes appear to be the same, so I am not sure what you are seeing as different??

Thank you for answer and sorry, until now I have noticed that you have 2 different renko charts, one 5 brick and another 10 brick, my fault Yes, your 5 brick chart is exactly same as mine. That EA you have posted, it doesnt work on my MT4 platform, because my broker have a instruments with strange symbols in title "DE30.." and so on, so nowdays I use Ovo Forex Renko generator (Trial version), thats only one that works. I already wrote comment to another thread to member Mathtrader7 to create a new version of his renko generator which could be able to work with these strange symbol instruments, but still no answer.

BTW my strategy today + 30 pips, I started bit lately today, but no bad results anyway for me. I have more versions which I am testing now, today it was 5 pips scalping, best one for range - profit by profit, but not bad in trends, too. The advantage is you dont need any indicator or pattern.
  • #2,796
  • Aug 10, 2015 11:35am Aug 10, 2015 11:35am
Can anyone help me to understand why my renko boxes change when I change the time frame?. it doesnt matter if its 5 or 30 minutes, or 4 hr or daily. I understand that it could be a zoom in or out effect, but its not. Its a total different chart even if the boxes are the same size. is there a different setting that I should know?
  • #2,797
  • Aug 10, 2015 4:59pm Aug 10, 2015 4:59pm
Quoting clivepackham
Hmmm looks like the hard bit was getting the renko charts EA to work, trading it is a piece of pie..... {image} Identify strong trend with slope of the 100lwma then just trendline breaks back with the trend... Might have to give this a go tomoz see how it flys??? Thanks for sharing Jaquemate

Any chance you can help me out for a minute? My renko charts change too much when i change the time frame on the chart. I cant get it to appear consistent despite the time frame i have.
  • #2,798
  • Aug 10, 2015 5:31pm Aug 10, 2015 5:31pm
I can't imagine why you'd be changing the time frame on a renko chart anyway. Renko is not time related.
  • #2,799
  • Aug 10, 2015 5:36pm Aug 10, 2015 5:36pm
Quoting handy148
I can't imagine why you'd be changing the time frame on a renko chart anyway. Renko is not time related.
I know that it's not TF related, but when I download, it becomes a window below the time frame chart. The time frame still is the main chart window, and the renko a signal below , like RSI for example. Either way, I would like to figure this one out if you or some one can help. Apparently other people had the same issue, but I couldn't find a solution.
  • #2,800
  • Aug 10, 2015 6:16pm Aug 10, 2015 6:16pm
Not sure I really understand what you're saying but you should have an M1 chart open with the EA on it and an offline chart (usually M2) with the renko bars.
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