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More simple is impossible

  • #5,821
  • Mar 9, 2016 4:21am Mar 9, 2016 4:21am
Quoting Intrepidpips
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...
+123 pips out of a 9 pip move now that is what I call short term trading

The scalping Ea is an EX4 file so I can not read the setup criteria, any idea what variables it is using to identify an entry??

I am a Dick Head, just re read your post, the EA does not determine direction of entry we do, it places multiple orders in the direction of the trade. So, same question different reason.
Cut your Losers short and let your Winners run.
  • #5,822
  • Mar 9, 2016 4:27am Mar 9, 2016 4:27am
Hi guys,

I wandered into your thread to discover you trade the same way I do. I use a 5 brick renko across all charts. It's a 'mean renko' chart with a 'GRAB colour overlay(200 ema). A couple of emas (50 and 34) ADR, and RSI to pick double tops/bottoms. I don't use any other indicators but just use price action and fib. I never considered using DAX but the spread is low and when it moves it moves. I work but trade part time. Some very encouraging results displayed here. Perhaps I may contribute with some patterns etc of my own from time to time, been trading on/off for 7 years. Nice to make your acquaintances.
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  • #5,823
  • Mar 9, 2016 4:54am Mar 9, 2016 4:54am
Hey Ren1058,
your chart looking cool. Didnīt see that kind of chart any time bevore. How have you done this, that the bars have different colours? And what do this colours exactly mean? But it looks like, if you have a dark red and a light green brick plus your ma in the right coulour you have catched a nice trend! What do i need for such a template?
  • #5,824
  • Mar 9, 2016 4:57am Mar 9, 2016 4:57am
Quoting Intrepidpips
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...
I call this 0% margin of error precision trading. (just demo )
Can be very scary while in play because the EA just keeps sending in orders until it exhausts your margin.

In all I see how the patterns just come alive and work out, this is pure joyous trading, simply decide how little you need per day and compound as you wish.
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Let it turn and find your entry.
  • #5,825
  • Mar 9, 2016 5:13am Mar 9, 2016 5:13am
A very common reoccurring pattern anyone aware of it?
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  • #5,826
  • Mar 9, 2016 5:22am Mar 9, 2016 5:22am
Quoting dee50
{quote} +123 pips out of a 9 pip move now that is what I call short term trading The scalping Ea is an EX4 file so I can not read the setup criteria, any idea what variables it is using to identify an entry?? I am a Dick Head, just re read your post, the EA does not determine direction of entry we do, it places multiple orders in the direction of the trade. So, same question different reason.
I am still aghast, I've seen a scalper place 4 trades of 100 lots on an account, had his/her face book contact but this is wicked, I'm going to demo this the remainder of the week.

On the flip side it call give a margin call so it's 0% margin of error trading.

Power problems needing my attention so I'm done for today, cya all tomorrow.
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Let it turn and find your entry.
  • #5,827
  • Mar 9, 2016 5:28am Mar 9, 2016 5:28am
DAX +50 +52 +70

Took its time but finally nailed it just off target.
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Hidden in plain sight.
  • #5,828
  • Mar 9, 2016 5:34am Mar 9, 2016 5:34am
Anyone aware of the pitchfork in DAX that price seems to be abiding too?
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  • #5,829
  • Mar 9, 2016 5:36am Mar 9, 2016 5:36am
Quoting Intrepidpips
{quote} I call this 0% margin of error precision trading. (just demo ) Can be very scary while in play because the EA just keeps sending in orders until it exhausts your margin. In all I see how the patterns just come alive and work out, this is pure joyous trading, simply decide how little you need per day and compound as you wish. {image} {image}
GER30.+330 pips compounding. I used minimum lot and the EA just kept adding, so as it reached the top of the move I turned it off and activated the APTM to move to BE+2 @5 to protect the remaining trades, the last 10 trades were stopped at BE+2 as the price came back.
The move up was a total of 60 pips.
This Scalping EA is "not" for the faint hearted, I managed to work out what it is doing as it went along.
Attached Image(s) (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #5,830
  • Mar 9, 2016 5:47am Mar 9, 2016 5:47am
Another pattern related to the others.(Its DAX) AT point X where one might expect a 50% correction before moving higher in an ongoing trend and that fails, price often retraces to the -0.272 before heading off to the +1.272 or above just one to remember
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  • #5,831
  • Mar 9, 2016 5:47am Mar 9, 2016 5:47am
Quoting Ren1058
Anyone aware of the pitchfork in DAX that price seems to be abiding too? {image}
Yes. A regular tool here on this thread, except we use the FIB channel tool, easier to set up for the noobs.
"Friska" uses the channel on a Daily basis in his Technical analysis has done for a year or so, you should have a look at a few charts and see what we have been doing here

BTW Welcome and thanks for the contributions, a little more knowledge and another perspective are most welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30H4 090316.png Size: 59 KB
Cut your Losers short and let your Winners run.
  • #5,832
  • Mar 9, 2016 5:59am Mar 9, 2016 5:59am
Quoting dee50
{quote} GER30.+330 pips compounding. I used minimum lot and the EA just kept adding, so as it reached the top of the move I turned it off and activated the APTM to move to BE+2 @5 to protect the remaining trades, the last 10 trades were stopped at BE+2 as the price came back. The move up was a total of 60 pips. This Scalping EA is "not" for the faint hearted, I managed to work out what it is doing as it went along. {image} {image}
  • #5,833
  • Mar 9, 2016 6:05am Mar 9, 2016 6:05am
Quoting Ren1058
Another pattern related to the others.(Its DAX) AT point X where one might expect a 50% correction before moving higher in an ongoing trend and that fails, price often retraces to the -0.272 before heading off to the +1.272 or above just one to remember {image}
In other words, we get a 2b trend continuation. Keep the posts coming, they are interesting-
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,834
  • Mar 9, 2016 6:05am Mar 9, 2016 6:05am
Quoting Ren1058
Another pattern related to the others.(Its DAX) AT point X where one might expect a 50% correction before moving higher in an ongoing trend and that fails, price often retraces to the -0.272 before heading off to the +1.272 or above just one to remember {image}
Hello Ren1058,

Which indicator are you using for colouring your renko charts? Looks interesting.

Thanks
Amfx
  • #5,835
  • Mar 9, 2016 6:06am Mar 9, 2016 6:06am
Quoting dee50
{quote} Yes. A regular tool here on this thread, except we use the FIB channel tool, easier to set up for the noobs. "Friska" uses the channel on a Daily basis in his Technical analysis has done for a year or so, you should have a look at a few charts and see what we have been doing here BTW Welcome and thanks for the contributions, a little more knowledge and another perspective are most welcome. {image}
Thanks for the welcome Unfortunately not had time to wade through all 290 posts and just getting used too how DAX behaves as never traded it before. Think I may be in the right place cheers
  • #5,836
  • Mar 9, 2016 6:09am Mar 9, 2016 6:09am
Quoting amfx
{quote} Hello Ren1058, Which indicator are you using for colouring your renko charts? Looks interesting. Thanks Amfx
its called grab and is available on fxcodebase for FXCM trade station I have it set too 200 its an MA oscillator overlay
  • #5,837
  • Mar 9, 2016 6:10am Mar 9, 2016 6:10am
Gold (BE, +20)

Got scared with my first long, so closed it at 0. Second long was a correction play, notice the RSI divergence. The template is ugly, I'm just trying out different templates from a site, to see what's what.
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Invincibility lies in the defence; the possibility of victory in the attack
  • #5,838
  • Mar 9, 2016 6:42am Mar 9, 2016 6:42am
mmmh
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Click to Enlarge Name: dax15.PNG Size: 187 KB


and meanwhile ea is making me damn!
nescentia necat
  • #5,839
  • Mar 9, 2016 6:44am Mar 9, 2016 6:44am
Quoting Ren1058
Another pattern related to the others.(Its DAX) AT point X where one might expect a 50% correction before moving higher in an ongoing trend and that fails, price often retraces to the -0.272 before heading off to the +1.272 or above just one to remember {image}
nice!
welcome on board!
nescentia necat
  • #5,840
  • Mar 9, 2016 6:49am Mar 9, 2016 6:49am
Quoting dee50
{quote} GER30.+330 pips compounding. I used minimum lot and the EA just kept adding, so as it reached the top of the move I turned it off and activated the APTM to move to BE+2 @5 to protect the remaining trades, the last 10 trades were stopped at BE+2 as the price came back. The move up was a total of 60 pips. This Scalping EA is "not" for the faint hearted, I managed to work out what it is doing as it went along. {image} {image}

WO! wtf!! and what devilry is this?
damn!


Quoting Intrepidpips
{quote} I am still aghast, I've seen a scalper place 4 trades of 100 lots on an account, had his/her face book contact but this is wicked, I'm going to demo this the remainder of the week. On the flip side it call give a margin call so it's 0% margin of error trading. Power problems needing my attention so I'm done for today, cya all tomorrow. {image}
ooooh
nescentia necat
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