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Attachments: Renko + TMA slope + MACD Colored
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Renko + TMA slope + MACD Colored

  • #41
  • Nov 25, 2015 10:34am Nov 25, 2015 10:34am
hi cikurakum , your entry out of rule ,may be
  • #42
  • Nov 25, 2015 10:42am Nov 25, 2015 10:42am
Quoting fxmir
hi cikurakum , your entry out of rule ,may be
is it ?? though its ok, could u explain? looks like i entered with writed rules
  • #43
  • Nov 25, 2015 10:42am Nov 25, 2015 10:42am
Quoting kumetto
EN short according to style2 , SL set to BE +1 at +20. {image} Locked +101 and keep moving {image} TP +40 as it reached previous support.Not bad {image}
hi kumetto, According to style2 for sell entry slope must be red and showing below -04 but when you take this entry i see slope is above -04,its make me confused.
  • #44
  • Nov 25, 2015 11:08am Nov 25, 2015 11:08am
Quoting cikurakum
{quote} is it ?? though its ok, could u explain? looks like i entered with writed rules
According to style2 for buy entry Buy = EMA 13 above EMA 48,PA below both and just crossed up EMA 13 with first candle,slope must be green and showing above 0.4,MACD must be above 0,MACD histo must be blue
  • #45
  • Nov 25, 2015 12:12pm Nov 25, 2015 12:12pm
does the tma slope indy repaint?
  • #46
  • Nov 25, 2015 2:09pm Nov 25, 2015 2:09pm
Quoting fxmir
{quote} hi kumetto, According to style2 for sell entry slope must be red and showing below -04 but when you take this entry i see slope is above -04,its make me confused.
That was agressive sell or weak sell,not all indies were at the position for that
Trade with 60
  • #47
  • Nov 25, 2015 2:12pm Nov 25, 2015 2:12pm
Quoting justin7
does the tma slope indy repaint?
Does not repaint
Templates are updated.Read post #37 and #39.
Thank you
Trade with 60
  • #48
  • Nov 25, 2015 2:23pm Nov 25, 2015 2:23pm
Quoting cikurakum
{quote} is it ?? though its ok, could u explain? looks like i entered with writed rules
Well you got luck Read the rules again.This word was misspelled here "Buy = EMA 13 above EMA 48,PA below both and just crossed up EMA 13 with first candle."
It should be above sory my mistake .Take your profit and get out of there
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  • #49
  • Nov 25, 2015 3:09pm Nov 25, 2015 3:09pm
and wdu do about stop loss and when to enter? what about if price is at the end of a trend? or the market is ranging?
  • #50
  • Nov 25, 2015 3:23pm Nov 25, 2015 3:23pm
Quoting justin7
and wdu do about stop loss and when to enter? what about if price is at the end of a trend? or the market is ranging?
Read the thread. The filter for ranged markets is the TMA slope. However, its always about traders descretion.
  • #51
  • Nov 25, 2015 3:26pm Nov 25, 2015 3:26pm
Quoting fxmir
{quote} According to style2 for buy entry Buy = EMA 13 above EMA 48,PA below both and just crossed up EMA 13 with first candle,slope must be green and showing above 0.4,MACD must be above 0,MACD histo must be blue

Just a quick note. For default setting, if the bar of the TMA Slope is green, it is always above 0.4. Because thats why it is painted. If the bar is red, it is below -0,4

Green - close above 0.4
Red - close below -0.4
Blue - last bar > before last bar
Pink - last bar < before last bar

So it may safe a little bit of time, no need to check.
  • #52
  • Nov 25, 2015 4:19pm Nov 25, 2015 4:19pm
Quoting SeaTheStars
{quote} Read the thread. The filter for ranged markets is the TMA slope. However, its always about traders descretion.
the tma slope doesn't eliminate the possibility of entering and the market starts to range. It can't filter that possibility out.
  • #53
  • Nov 26, 2015 3:09am Nov 26, 2015 3:09am
Quoting justin7
{quote} the tma slope doesn't eliminate the possibility of entering and the market starts to range. It can't filter that possibility out.
No indicator can do this reliably. You never know whats coming ahead. Thats why I wrote "traders discretion".
  • #54
  • Nov 26, 2015 7:52am Nov 26, 2015 7:52am
Good Job Kumetto !
Thank you!
How much used risk per trade?
I trade other system EA,EC,EJ,EN,GA,GC,GJ,GN.
I will test this trading.
THX
Find it The Best Entry Points
  • #55
  • Nov 26, 2015 9:54am Nov 26, 2015 9:54am
Quoting vgyuszko
Good Job Kumetto ! Thank you! How much used risk per trade? I trade other system EA,EC,EJ,EN,GA,GC,GJ,GN. I will test this trading. THX
Well risk i up to you i can't tell.I'm using small pips account risk is big if you want to gain
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  • #56
  • Nov 26, 2015 10:40am Nov 26, 2015 10:40am
kumetto I couldnt find the auto weekly pivot indicator can you post it thanks
  • #57
  • Nov 26, 2015 4:06pm Nov 26, 2015 4:06pm
Quoting justin7
kumetto I couldnt find the auto weekly pivot indicator can you post it thanks
Sure,here you go
Attached File(s)
File Type: ex4 Auto-Pivot_Plotter_Weekly_V2__1.ex4   17 KB | 436 downloads
File Type: mq4 Auto-Pivot_Plotter_Weekly_V2__1.mq4   11 KB | 488 downloads
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  • #58
  • Nov 26, 2015 4:18pm Nov 26, 2015 4:18pm
Any reasoning behind the 16,97,2 settings of the MACD Histogramm?
  • #59
  • Nov 26, 2015 4:45pm Nov 26, 2015 4:45pm
Quoting SeaTheStars
Any reasoning behind the 16,97,2 settings of the MACD Histogramm?
Read the post #1 please
According to this http://etfhq.com/blog/2013/01/15/gol...h-is-the-best/
and http://etfhq.com/blog/2013/02/26/macd-test-results/ I made second template
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  • #60
  • Nov 26, 2015 5:58pm Nov 26, 2015 5:58pm
Here is the first version of an EA that trades based on this strategy.

Note 1: This EA only works with non-gap Renko charts. You can download the required Renko builder EA from here.
Note 2: This version is compiled and tested with MT4 build 910.
Note 3: in order to let the EA work on Renko charts, you have to uncheck "Offline chart" option of the Renko charts.
Note 4: You have to copy the attached indicator, TMASlope.ex4, into <MQL4\Indicators> folder.

How to install this EA on your MetaTrader4 Platform
For newbies, here is a video on youtube that shows how to install any EA on MetaTrader 4 platform in 5 easy steps

@kumetto: Would you please check to see whether this version of the EA works according to the rules?
Attached File(s)
File Type: ex4 MathTrader7_RenkoTMA_EA.ex4   124 KB | 632 downloads
File Type: ex4 TMASlope.ex4   23 KB | 647 downloads
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