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More simple is impossible

  • #5,801
  • Mar 8, 2016 3:49pm Mar 8, 2016 3:49pm
Quoting Intrepidpips
{quote} Studying your charts, I realise there's hardly any slippage between the last closed brick and your entries (I know DAX is without commission), I've been wondering if there's an EA or script that one can place on the charts as you anticipate your entry that takes the trade relieving you of the anguish of clicking buy or sell and seeing you a few pips late (apart from spread)?
If you mean script, with which you are able to put order on exact level, look to attachments (UP on page), I uploaded there scripts for Buy/Sell stop orders. You can add in the code spread, SL, TP and so on

In the present I use Sell/Buy limit scripts for putting orders on exact levels, but far more I use just simple One-Click trading
  • #5,802
  • Mar 8, 2016 3:56pm Mar 8, 2016 3:56pm
Quoting Matomi
{quote} Intrepidpips, this is it - when traders trusts more indicators than pure price action. I can give you only 1 advice in this case: Go step after step and find out why indicator is moving down and moving up, and then I can guarantee you that you will delete all your indicators out off the chart. Everything you can see simply in the main chart, divergences, end of cycles, formations, everything, just trust more yourself
Can you explain how you see divergence without an Indie like Stochs or Macd to compare price to.....
BTW.....nice pip tally lately
  • #5,803
  • Mar 8, 2016 4:08pm Mar 8, 2016 4:08pm
Great trading Dee, amazing.
I see we had one same trade but in opposite direction, hahaha!!!
My only question to you, is if your only reason to change to short bias was the double top at 9790'sh.
From your trades, those on the top, you had 1 with 5 pips. close to a red line. My trade there was a long one, hoping for price to break resistance, after "supporting" at around 9760'sh, and having long signals in stochs and MACD.

Thanks



Quoting dee50
GER30+68+16+109+36+20+5+2+2+2+2+2+20+20+20+2+20+20+28. I managed to keep occupied today, boredom was not an issue. Please do not ask me why I took a particular trade, all I will say is I was possessed and I do not remember trading today! Just added up the pips = 394. Hold on I will be back in a minute, I have to finish on a BRN so off to get 6 pips. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: ger30-m2-forex-capital-markets.png Size: 57 KB
  • #5,804
  • Mar 8, 2016 4:15pm Mar 8, 2016 4:15pm
Quoting PhilippineFX
{quote} Can you explain how you see divergence without an Indie like Stochs or Macd to compare price to..... BTW.....nice pip tally lately
Forgot congratulate you, too ! And as always, thank you for your private education, those few days of short chats before 3-4 months change my whole view on trading.

That is why I am still more focused on clear PA. Regarding to divergences, my good friend trader studies Lance Beggs trading style which is about clear PA, too, and he explained me, that divergences are simple changes in momentum between 2 swings. Absolutely simple said - if first swing is nice sharp without any mess and second swing is more about choppy and weak momentum (or vice-versa), there is divergence. Look at it in this pictures:
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M2.png Size: 42 KB
  • #5,805
  • Mar 8, 2016 4:39pm Mar 8, 2016 4:39pm
Quoting Matomi
{quote} Forgot congratulate you, too ! And as always, thank you for your private education, those few days of short chats before 3-4 months change my whole view on trading. That is why I am still more focused on clear PA. Regarding to divergences, my good friend trader studies Lance Beggs trading style which is about clear PA, too, and he explained me, that divergences are simple changes in momentum between 2 swings. Absolutely simple said - if first swing is nice sharp without any mess and second swing is more about choppy and weak momentum...
This is an AH HAAA moment......i will study this some more
  • #5,806
  • Mar 8, 2016 5:42pm Mar 8, 2016 5:42pm
Quoting dee50
GER30 +6. =400 pips. Just to prove that even with 7 x BEs you can still make enough to pay for dinner. actually if it had not been for the BEs the days total could have looked disastrous!! {image}
Hi, you set SL to BE after how many pips on 5brick renko?
thanks!
  • #5,807
  • Mar 8, 2016 9:19pm Mar 8, 2016 9:19pm
Quoting JoshuaHope
{quote} Yes, you need to open two dax 1 minute charts and apply the builder ea to each. Make sure to number the charts differently in the EA settings, then open offline m2 and example m3(or whatever number you chose) charts. Best, Josh.

Thankyou Josh for the reply. However, I am not too good with MT4 settings and have a couple of questions:

1) I don't quite understand how to number the charts differently in the EA settings. What do you mean by this?

2) Once the charts are numbered differently, how do you open an M3 chart? I only have the option of M2 charts (plus the standard timeframes) in the 'Open Offline Chart' section.
  • #5,808
  • Mar 8, 2016 11:24pm Mar 8, 2016 11:24pm
Quoting Matomi
{quote} If you mean script, with which you are able to put order on exact level, look to attachments (UP on page), I uploaded there scripts for Buy/Sell stop orders. You can add in the code spread, SL, TP and so on In the present I use Sell/Buy limit scripts for putting orders on exact levels, but far more I use just simple One-Click trading
Hi

New to the thread and also Renko. Currently toying with Renko with mixed results. Never liked indicators.

Still getting wrong at entry and exit. Normally when is the best time to enter the trade?

a) Enter the minute the Bar changes in color and another bar is started?
b) Do you still see the support and resistance area for scalping?
c) Any other consideration before entering the trade?
d) Exist after close of a bar in the opposite color?

Would appreciate any clarification provided...thanks
  • #5,809
  • Mar 9, 2016 1:33am Mar 9, 2016 1:33am
Quoting amfx
{quote} Thankyou Josh for the reply. However, I am not too good with MT4 settings and have a couple of questions: 1) I don't quite understand how to number the charts differently in the EA settings. What do you mean by this? 2) Once the charts are numbered differently, how do you open an M3 chart? I only have the option of M2 charts (plus the standard timeframes) in the 'Open Offline Chart' section.
Simply open a GER30 chart, drag the Renko expert on it, set the Renko TF to M2. Open the offline M2 GER30 chart.
After that, open another GER30 chart, drag the Renko expert on it again, then set the Renko TF to M3. Open the M3 offline chart.
You'll have two opened offline charts with different Renko brick sizes.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,810
  • Mar 9, 2016 1:39am Mar 9, 2016 1:39am
Quoting BBalazs
{quote} Simply open a GER30 chart, drag the Renko expert on it, set the Renko TF to M2. Open the offline M2 GER30 chart. After that, open another GER30 chart, drag the Renko expert on it again, then set the Renko TF to M3. Open the M3 offline chart. You'll have two opened offline charts with different Renko brick sizes.
Thankyou BBalazs,

Brilliant easy explanation.

Thanks Josh as well
  • #5,811
  • Mar 9, 2016 2:09am Mar 9, 2016 2:09am
Dax 30......+13/2/5/9/9
Attached Image (click to enlarge)
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  • #5,812
  • Mar 9, 2016 2:35am Mar 9, 2016 2:35am
Quoting dee50
{quote} My curiosity is over flowing. What difference did a couple of minutes make?. BTW nice to see you back, last time was November.
Hi Dee, the very moment I closed the trades to bord my plane, Dax just shot up 100+ pips without me, that's what I meant Always a bit annoying. And yes, good to be back thanks.
Hidden in plain sight.
  • #5,813
  • Mar 9, 2016 2:36am Mar 9, 2016 2:36am
Dax 30
+6+37 +32 +34.....no real plan here....just manic PA trading
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB
  • #5,814
  • Edited 3:02am Mar 9, 2016 2:38am | Edited 3:02am
Quoting eurix
{quote} Try this {file}
Looks like the predictor only works between 33-225 range, I wanted 3 pips.

I think I have the one dee uses working well.
Let it turn and find your entry.
  • #5,815
  • Mar 9, 2016 3:20am Mar 9, 2016 3:20am
Quoting Eulbaerbaum
Hey Dee, i have watched your posts today. Now i have a question to your trading method. I see you have a lot of trades with 2 Pips win. So m question is, do you work with an Sl and where do you set it?
I do not use a set SL, my SL is for emergencies only, I would close a trade long before price got any where near the SL, I normally place my SL behind the last swing, I do not worry about R:R as I move to BE+2 as soon as possible which makes R:R redundant.
Cut your Losers short and let your Winners run.
  • #5,816
  • Mar 9, 2016 3:23am Mar 9, 2016 3:23am
Quoting mokuro89
{quote} Hi, you set SL to BE after how many pips on 5brick renko? thanks!
This post should answer your question, or not.
http://www.forexfactory.com/showthre...06#post8687706
Cut your Losers short and let your Winners run.
  • #5,817
  • Mar 9, 2016 3:30am Mar 9, 2016 3:30am
Quoting amfx
{quote} Thankyou Josh for the reply. However, I am not too good with MT4 settings and have a couple of questions: 1) I don't quite understand how to number the charts differently in the EA settings. What do you mean by this? 2) Once the charts are numbered differently, how do you open an M3 chart? I only have the option of M2 charts (plus the standard timeframes) in the 'Open Offline Chart' section.
The Offline chart will not appear in "Offline Charts" until you have created it in the EA.
Attached Images
Cut your Losers short and let your Winners run.
  • #5,818
  • Mar 9, 2016 3:37am Mar 9, 2016 3:37am
Quoting Matomi
{quote} Forgot congratulate you, too ! And as always, thank you for your private education, those few days of short chats before 3-4 months change my whole view on trading. That is why I am still more focused on clear PA. Regarding to divergences, my good friend trader studies Lance Beggs trading style which is about clear PA, too, and he explained me, that divergences are simple changes in momentum between 2 swings. Absolutely simple said - if first swing is nice sharp without any mess and second swing is more about choppy and weak momentum...
I learnt a lot from Mr Begg early on in my trading career.
To any one else, here is a link to his site, it is well worth the time to explore especially for noobies, his teaching style is plain and simple easy to understand in any language.

http://yourtradingcoach.com/
Cut your Losers short and let your Winners run.
  • #5,819
  • Mar 9, 2016 3:39am Mar 9, 2016 3:39am
I am like Alice in Wonderland, I still can't imagine the beauty of Renko trading.

Double Tops/Bottoms, Hidden/Regular Divergence, Range Breakouts/Breakdowns; Wedge patterns etc.

Now I'm trying to multi-time frame or multi-brick view.
Watching Renko 5 and entering with Renko 3,
I have these toys and I tried them out, the first one is a scalping EA that places multiple orders, the first time I tried just 3 lots and my margin was maxed up so Pepperstone only allowed 2 lots but I chose buy when I meant to sell and my entry was late as it was taken from Renko 5 signal (still have to harmonize Renko 5 & 3).
The next entry was on Renko 5 signal with reduced lot size, I indicated 3 lots but to my amazement the more price went my way the more orders were sent a total of 14, erased the initial deficit and added profit. The 1 click close all was attached to the chart which removed the multiple order Ea and closed all the 14 lots.
Still watching the synergy of Renko 5 and 3.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 35.png Size: 85 KB
Click to Enlarge Name: RENKO 36.png Size: 95 KB
Click to Enlarge Name: RENKO 37.png Size: 76 KB
Attached File(s)
File Type: ex4 _SendOrderAdvanced.ex4   6 KB | 265 downloads
File Type: ex4 1clickcloseallv01.ex4   7 KB | 282 downloads
File Type: mq4 1clickcloseallv01.mq4   3 KB | 302 downloads
Let it turn and find your entry.
  • #5,820
  • Mar 9, 2016 4:12am Mar 9, 2016 4:12am
Quoting cfabian
My only question to you, is if your only reason to change to short bias was the double top at 9790'sh. From your trades, those on the top, you had 1 with 5 pips. close to a red line. My trade there was a long one, hoping for price to break resistance, after "supporting" at around 9760'sh, and having long signals in stochs and MACD. Thanks {quote} {image}
Didn't see your question in the middle of your post.
2 things for the short bias.
1. yes the Double Top, it was only 2 pips short of the Dbl Top and there was enough difference in the MACD to call it Divergence.
2. There was was a small 123 (LH) with the RED line (Daily Open Line) as support, when price broke the Red line I opted for a short, although in hindsight, as we can see, price did bounce again on the BRN I closed because of this bounce thinking that PA might go into consolidation, possible Triangle, but then the bounce off the RED line again this time short actually formed a BPC. Momentum was very erratic after that and I played it safe by using a tight BE @5pips, again in hindsight I should just have stayed out.
Cut your Losers short and let your Winners run.
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