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More simple is impossible

  • #5,001
  • Jan 18, 2016 10:53pm Jan 18, 2016 10:53pm
Quoting BBalazs
{quote} Problem with TMA bands is that it recalculates it's values, giving the bands different angles as price moves. Looking at past data, there's no knowing how the TMA situation looked like at that particular moment.
Yes, I am aware of that and thanks for notifying for new traders. When looking back the past days, caution must be taken. An alternative is suggested in FF to use TMA true (see a thread about this), but TMA is OK for trading NOW. Note that TMA and Semofor, which repaints current, are just additional referencing indies to check possible reversal points like any other indies for similar purposes, to avoid probable mis entries as much as possible.

We are trading Renko here. This is the core. toppo

Market begins in 5 minutes. Good trading to all.
  • #5,002
  • Edited Jan 19, 2016 12:09am Jan 18, 2016 11:45pm | Edited Jan 19, 2016 12:09am
Quoting toppo qqq
{quote} Here U go, default setting... {file}{file}
TMA is grayed out here, can't select it.

(I also recompiled it - without any errors - but still grayed out)

Ok, got it: Solution found here!
Quoting hapalkos
Apparently MT4 only has the capacity to access the first one hundred indicators on the drop down. To gain access to all your indicators activate the navigator window. Press the *** Navigator button *** or on the menu bar *** View > Navigator *** or by short cut keys *** cntl-N ***.
  • #5,003
  • Jan 19, 2016 12:33am Jan 19, 2016 12:33am
Dax 30....+14 +8 +10 +4 +5 -2 -1 +4 choppy trading
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  • #5,004
  • Jan 19, 2016 1:12am Jan 19, 2016 1:12am
dax 30,,,,,+15 +10
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  • #5,005
  • Jan 19, 2016 1:12am Jan 19, 2016 1:12am
Late entry. Cost averaging (don't follow this if you are new). Not a good example.But .
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  • #5,006
  • Jan 19, 2016 1:33am Jan 19, 2016 1:33am
DAX (BE, +12, -7, +15, BE, Fail)

Mornin' guys!

I gotta say, I like scalping. It is intense!

I have a question. Does anybody knows of an expert or a way to have a buy stop / sell stop at the next renko counter? Or a way if it could be programmed by linking it to a hotkey? Or any method that I could use to buy / sell EXACTLY where the renko counter is? My last trade got triggered before the renko closed, so I played it safe and closed it as it did not meet my entry criteria.
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Invincibility lies in the defence; the possibility of victory in the attack
  • #5,007
  • Jan 19, 2016 3:58am Jan 19, 2016 3:58am
GER30+30. Not every trade has to be a home run!! This is not a scalp trade, this is just trading within visible boundaries, I used a BE@5 to protect the trade, not much momentum so not a risky BE. I planned the trade, I waited for a pullback and a cycle bottom so I was going long at the optimum entry point. Trend line BRN Divergence supported the entry and I knew to be looking for an exit at the S&R level, divergence confirmed that exit. Price may well creep higher during the course of the day to the psych level above 9880 but it will have to pass thru another 2 BRNs to get there so for now I have banked some pips and will look for another entry later. Not exciting but puts bread on the table.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #5,008
  • Jan 19, 2016 4:08am Jan 19, 2016 4:08am
Quoting BBalazs
DAX (BE, +12, -7, +15, BE, Fail) Mornin' guys! I gotta say, I like scalping. It is intense! I have a question. Does anybody knows of an expert or a way to have a buy stop / sell stop at the next renko counter? Or a way if it could be programmed by linking it to a hotkey? Or any method that I could use to buy / sell EXACTLY where the renko counter is? My last trade got triggered before the renko closed, so I played it safe and closed it as it did not meet my entry criteria. {image}
There isn't a specific EA, as yet, it would have to be programmed with the Renko counter to do what you want.
Why don't you try placing Pending Orders, you can set the permissible deviation so that the orders do not trigger too early or late. Unfortunately setting manual POs on a fast chart may not work out, simply because you will not be fast enough.
Cut your Losers short and let your Winners run.
  • #5,009
  • Jan 19, 2016 4:22am Jan 19, 2016 4:22am
Quoting dee50
{quote} There isn't a specific EA, as yet, it would have to be programmed with the Renko counter to do what you want. Why don't you try placing Pending Orders, you can set the permissible deviation so that the orders do not trigger too early or late. Unfortunately setting manual POs on a fast chart may not work out, simply because you will not be fast enough.
Once I saw an opportunity, I was dragging the PO along with price until I got filled or the setup got invalidated. Problem is, it is difficult to drag the PO exactly where the counter is.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,010
  • Jan 19, 2016 4:43am Jan 19, 2016 4:43am
End for today, I am posting a bit lately, but I had some other things to do

DAX30 +6 +21 +10 +10 +10
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  • #5,011
  • Jan 19, 2016 5:06am Jan 19, 2016 5:06am
Quoting Matomi
End for today, I am posting a bit lately, but I had some other things to do DAX30 +6 +21 +10 +10 +10 {image}
Nice trades Matomi! I wonder, do you prepare for the possibility that you might be completely off with your analysis when you add to an already losing position? I mean, do you have a worst case screnario? I ask this because I could not do it but I'm still curious
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,012
  • Jan 19, 2016 5:13am Jan 19, 2016 5:13am
DAX (-3, BE, +18)

An observation: Avoid trading when you see Swing_ZZ dots upon each other.
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Invincibility lies in the defence; the possibility of victory in the attack
  • #5,013
  • Jan 19, 2016 5:22am Jan 19, 2016 5:22am
Quoting BBalazs
DAX (BE, +12, -7, +15, BE, Fail) Mornin' guys! I gotta say, I like scalping. It is intense! I have a question. Does anybody knows of an expert or a way to have a buy stop / sell stop at the next renko counter? Or a way if it could be programmed by linking it to a hotkey? Or any method that I could use to buy / sell EXACTLY where the renko counter is? My last trade got triggered before the renko closed, so I played it safe and closed it as it did not meet my entry criteria. {image}
I use exactly this principe with my hotkeys - if I see a potential entry, I press CTRL+B or CTRL+S on actual candle and my Buy stop or Sell stop are placed on open of previous candle, or if you want, I can rewrite it to previous high/low of candle. I must not do anything else, everything I manage with hotkeys.

Here you are, put it into "Scripts" in your Data Folder, via navigator set up hot keys (do not forget to refresh platform between steps) and you are ready for scalping:
Attached File(s)
File Type: ex4 Buy.ex4   7 KB | 288 downloads
File Type: mq4 Buy.mq4   < 1 KB | 326 downloads
File Type: ex4 Close.ex4   4 KB | 315 downloads
File Type: mq4 Close.mq4   2 KB | 334 downloads
File Type: ex4 Delete Pending.ex4   4 KB | 288 downloads
File Type: mq4 Delete Pending.mq4   1 KB | 348 downloads
File Type: ex4 Sell.ex4   6 KB | 310 downloads
File Type: mq4 Sell.mq4   < 1 KB | 340 downloads
File Type: ex4 SL na BE.ex4   4 KB | 270 downloads
File Type: mq4 SL na BE.mq4   1 KB | 335 downloads
  • #5,014
  • Jan 19, 2016 5:26am Jan 19, 2016 5:26am
Quoting Matomi
{quote} I use exactly this principe with my hotkeys - if I see a potential entry, I press CTRL+B or CTRL+S on actual candle and my Buy stop or Sell stop are placed on open of previous candle, or if you want, I can rewrite it to previous high/low of candle. I must not do anything else, everything I manage with hotkeys. Here you are, put it into "Scripts" in your Data Folder, via navigator set up hot keys (do not forget to refresh platform between steps) and you are ready for scalping: {file} {file} {file} {file} {file} {file} {file} {file} {file}...
You are the MAN Matomi! Thank you! So can you rewrite the script to place a pending buy order on the close of the next renko + spread (10 with Pepperstone) (renko counter value)? That would certainly make my life much more easier.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,015
  • Jan 19, 2016 5:32am Jan 19, 2016 5:32am
Some more. Chart is 6 pip renko.
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  • #5,016
  • Jan 19, 2016 5:50am Jan 19, 2016 5:50am
Quoting toppo qqq
Some more. Chart is 6 pip renko. {image}
You seem to be off when it comes to timing. Do you open the trade with the intention of adding to the loser if it becomes one? Just curious, this seems to be a dangerous practice.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,017
  • Jan 19, 2016 5:52am Jan 19, 2016 5:52am
Quoting BBalazs
{quote} You are the MAN Matomi! Thank you! So can you rewrite the script to place a pending buy order on the close of the next renko + spread (10 with Pepperstone) (renko counter value)? That would certainly make my life much more easier.
No problem, you can do it, too, it is very easy, just do this: Navigator - Scripts - Modify Sell/Buy.... then you have there a code of both of them. I added a description to all of parameters for better overview. The last parameter Spread is substantial for you, it is default 0, change it to 60 if you are using 5 pips Renko for Buy script, for Sell script set up 50 because you do not need space for spread to short. That is all

Remember, you need to place your orders (press Buy or Sell) before spread with price will reach your level because Stops orders, but you will find out how it works
  • #5,018
  • Jan 19, 2016 6:08am Jan 19, 2016 6:08am
Quoting Matomi
{quote} No problem, you can do it, too, it is very easy, just do this: Navigator - Scripts - Modify Sell/Buy.... then you have there a code of both of them. I added a description to all of parameters for better overview. The last parameter Spread is substantial for you, it is default 0, change it to 60 if you are using 5 pips Renko for Buy script, for Sell script set up 50 because you do not need space for spread to short. That is all Remember, you need to place your orders (press Buy or Sell) before spread with price will reach your level because...
Thank you again. I'll play around until I get used to it
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,019
  • Jan 19, 2016 6:21am Jan 19, 2016 6:21am
Quoting toppo qqq
Some more. Chart is 6 pip renko. {image}
Toppo, be careful of strong trends when using TMA like this. Best, Josh
  • #5,020
  • Jan 19, 2016 6:24am Jan 19, 2016 6:24am
GER30+30+32+2+30+10. Few more. That's enough for me.
Nice trading every one else 6 figure incomes here we come. brokers are gonna hate you lot
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Cut your Losers short and let your Winners run.
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