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Renko channel + Fast EMA = simple and profitable

  • #81
  • Nov 9, 2015 5:40am Nov 9, 2015 5:40am
Skyler, you don't read others request.

Anyway, thanks for sharing. Because of this thread, I'm trading Renko charts of profitable approach, in a very different strategy.

God bless.
  • #82
  • Nov 9, 2015 6:01am Nov 9, 2015 6:01am
Quoting Art5
Skyler, you don't read others request. Anyway, thanks for sharing. Because of this thread, I'm trading Renko charts of profitable approach, in a very different strategy. God bless.
Sorry i was very busy and looking at topic fleetingly, didnt see your question. You can share your style game here, we are here to help each other and improve concepts
  • #83
  • Nov 9, 2015 6:08am Nov 9, 2015 6:08am
Skyler, you appear to be using "Range Bars" and not "Renko Bars". Please clarify.

Quoting skyler
{quote} You right, but price can make very long run and break another and another high or low, like in EURJPY example. First version of MathTrader7 EA I got 4 bad entries coz price still doesnt react for channel. I think better to wait for react - reversal candle or cross fast MA to show us this high is more respected. Its meybe give worse entry, but save us for a lot of loss trade. We enter then in logic - just after react from bounce channel {image}
  • #84
  • Nov 9, 2015 6:08am Nov 9, 2015 6:08am
Quoting skyler
Price channel repaint but it doesnt matter. It based on price action high and low, and if H/L got break its just reapint.
how can that not matter lol
  • #85
  • Nov 9, 2015 6:54am Nov 9, 2015 6:54am
Quoting skyler
going to TP.. look how its powerfull, just statistics, we have great RR to have money in long term. I think about higher TP and trailing stop whats you think guys? Ok lets check another version of MathTrader7 EA. Great work bro! {image}
HI, which size of the boxes are you using?
  • #86
  • Nov 9, 2015 6:58am Nov 9, 2015 6:58am
Quoting justin7
{quote} how can that not matter lol
Becouse we waiting for react price and bounce..... if last high got break, its making new high and last repaint... reading comprehension does not hurt
  • #87
  • Nov 9, 2015 7:18am Nov 9, 2015 7:18am
Quoting Matraguna
http://forexwinners.ru/forex/renko-street-system-v-2-0/ Someone else already made it in april 2015.

looks like someone used to sell it
  • #88
  • Nov 9, 2015 7:29am Nov 9, 2015 7:29am
Skyler, reading comprehension does help, indeed. Let me repeat -- you are trading RangeBars and not RenkoBars. Or, more accurately, the pics you are posting are RangeBar pics and not RenkoBar pics. There is a big difference.

Quoting skyler
{quote} Becouse we waiting for react price and bounce..... if last high got break, its making new high and last repaint... reading comprehension does not hurt
  • #89
  • Nov 9, 2015 8:03am Nov 9, 2015 8:03am
Quoting EasyRyder
Skyler, reading comprehension does help, indeed. Let me repeat -- you are trading RangeBars and not RenkoBars. Or, more accurately, the pics you are posting are RangeBar pics and not RenkoBar pics. There is a big difference. {quote}
I used renko 10 pips
Attached File(s)
File Type: ex4 RenkoLiveChart_v3.2.ex4   12 KB | 1,772 downloads
  • #90
  • Nov 9, 2015 8:49am Nov 9, 2015 8:49am
Quoting MathTrader7
Here is Version 1.10 of the EA. In this version the EA additionally checks the price to be closed over/under a fast MA (8,Linear Weighted,Close) and the last closed Renko bar to be Bullish/Bearish in order to open a Buy/Sell position. A trailing stop function is also added. Note 1: The EA only works on non-gap Renko charts.​ {file}
Hi MathTrader,
can you make the same ea but with a normal chart, not using renko?
thanks
  • #91
  • Nov 9, 2015 9:09am Nov 9, 2015 9:09am
Quoting skyler
{quote} Hey could you share your spread indicator? I have similar, but show points, no pips. Pips looks for me better
Sure! I got it from here: http://www.forexfactory.com/showthre...21#post4945321
  • #92
  • Nov 9, 2015 9:36am Nov 9, 2015 9:36am
Hi fellows,
if we want to take a trade and hold it till
the opposite signal, it is a good idea to
secure the position with partial close.
A possible solution could be:
SL=30 pips
at 10 pips profit close 70% of the position (we are at break even now)
when opposite signal appear close current position and open new in the opposite direction.
Attached is the try I made today on EURUSD:
SL=10 pips
at 7 pips profit close 70% of the position
TP=20 pips
I am not a coder, but this idea could be of use.
With best regards
udeltaforex
Attached File(s)
File Type: pdf Partial close.pdf   156 KB | 1,424 downloads
  • #93
  • Nov 9, 2015 9:42am Nov 9, 2015 9:42am
I monitored EURUSD today to find a good entry point, but the upper StreetChannel line moved the same way up like the candles. Do i have to wait for the next down candle?
  • #94
  • Nov 9, 2015 9:47am Nov 9, 2015 9:47am
Quoting EasyRyder
Skyler, you appear to be using "Range Bars" and not "Renko Bars". Please clarify. {quote}
He is using non-gap Renko chart ea provided by mathTrader7. (see post 54&68)
  • #95
  • Nov 9, 2015 10:03am Nov 9, 2015 10:03am
Quoting skyler
Its seems to EA open trade immediately when bounce channel. I think would be better results if open after candle renko close - its comfirm market change direction. By the way EA working good, i see nice results screen down.. but i think in long term its would be better to comfirm bounce of channel when candle close in reversal direction. Also would be good with trailing stop function {image}
Skyler,
thank you to show us the validity of the EA and thanks to MAth for having succesfully delivered.
Can you share the settings for the EA with us?
  • #96
  • Nov 9, 2015 10:08am Nov 9, 2015 10:08am
Quoting archishard
{quote} Skyler, thank you to show us the validity of the EA and thanks to MAth for having succesfully delivered. Can you share the settings for the EA with us?
I using default settings, its look very good
  • #97
  • Nov 9, 2015 10:17am Nov 9, 2015 10:17am
Skyler ,

EA has been running since morning ,no errors in experts folder and no trades for EURUSD .Is it correct in common TAB offline chart?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 477 KB
  • #98
  • Nov 9, 2015 10:40am Nov 9, 2015 10:40am
Math,
I guess this is a basic one: "Do I have to change the magic number for each chart I run?"
  • #99
  • Nov 9, 2015 10:44am Nov 9, 2015 10:44am
Quoting archishard
Math, I guess this is a basic one: "Do I have to change the magic number for each chart I run?"
I would say yes. Or else every chart with the same Magic Number will initiate a trade. At least that's the way it works when using a Dashboard.
  • #100
  • Edited 3:26pm Nov 9, 2015 10:50am | Edited 3:26pm
hey guys...interesting stuff

did a little work over the weekend and came up with possible ways to confirm entry on trend and counter trend trades

check the pics below...

RSI is set to 3 with 85/15 being overbought/oversold areas

i know my chart looks very different but i'm experimenting with various indicators to see if anything will help...added murray math lines, pivots, trend intensity, range flow along with pbf squeeze, pbf scalper show me, renko street trend and nihilist ultra trend

may be overkill but if it's easy enough to remove some that don't help

haven't tried the no gap bars chart yet which is why i also included the wick-o-gram indy to view the bar wicks

hope this helps...peace

edit: sorry...first pic should say yellow vertical lines...uploaded correct pic for second sample...used the wrong one...sorry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: .WTICrudeM2 sample 1.png Size: 131 KB
Click to Enlarge Name: .WTICrudeM2 sample 2.png Size: 147 KB
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