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  • #9,981
  • Mar 29, 2016 1:04pm Mar 29, 2016 1:04pm
Quoting handy148
I've already got some ideas and made a template, but whatever you do don't tell Clive cos I'm on my final warning regarding higher time frame charts.
Anything from you would be well worth a look, perhaps you need to post under a "non de plume"
  • #9,982
  • Mar 29, 2016 9:36pm Mar 29, 2016 9:36pm
I see most of you is using clives two main strategies (lwma 35+175 + 8 CCI / lwma 10 + cci 8) for DAX and GBPUSD. At least most of the case studies are explained on these two. As well clive wrote he doesn't use it on EURUSD.

Is here anyone who uses (successfully) or used (probably not very successfully if not using anymore) it for other instruments? Eg. any other major forex, indexes, or comodities, ... whatever can help - even if you tried it on the instrument and it didn't work for you is helpfull information. Maybe can share as well timeframes used for or some subtle changes to strategy (different lwma periods, ...)

I'm asking because i'm a newbie, so it is quite difficult for me to learn the strategy on 1 proven pair (gbpusd) so far, and for DAX is my account too small now, even for microlot. I honestly have to admit that I have not enough skills to figure out if it is working or not on eg. USDJPY, because I almost cannot make it work steadily on gpbusd whis is greatly described it here ... just I need to learn the patterns etc. But could be usefull to have more then one proven pair to watch ...

thanx for any comment.
  • #9,983
  • Mar 29, 2016 11:17pm Mar 29, 2016 11:17pm
Quoting mahroch
I see most of you is using clives two main strategies (lwma 35+175 + 8 CCI / lwma 10 + cci 8) for DAX and GBPUSD. At least most of the case studies are explained on these two. As well clive wrote he doesn't use it on EURUSD. Is here anyone who uses (successfully) or used (probably not very successfully if not using anymore) it for other instruments? Eg. any other major forex, indexes, or comodities, ... whatever can help - even if you tried it on the instrument and it didn't work for you is helpfull information. Maybe can share as well timeframes...
Its not about which pair or timeframe does it work on and which pair doesn't it work on, because it works on all pairs and all timeframes, indices, commodities or whatever you want to trade. The secret is to find a strong trending instrument to trade. Thats why I've turned to the DAX and the DOW because they move 200 plus ticks per day so have to trend strongly on the 1 minute or range bar charts to do that amount of ticks in a day.

To help you find strong trending forex pairs use the TTindy or your eyes to spot a steep sloping moving average or a strongest/weakest indicator like my one that will show you the strongest and weakest currencies so trade the strongest two against the weakest two. This will again indicate what is trending the strongest at the time.

One thing to always bear in mind is that all trends will end and quite often with a sudden reversal as all the previous traders holding positions from the last strong trend suddenly realise its over and rush to bank their profits so causing the end of your trend and the start of the opposite trend or a "reversal" as its known.

Therefore you have to constantly be aware that your trend my end at anytime so watch out for tell tale signs like a failed drive to take out last high/low or a HL or DB in a downtrend or the opposite in an uptrend eg a failed drive up not taking out last high or DTs or again a LH ... All signs that the current trend you're trading is certainly weakening if not ending..

So to answer your question on which pairs does it work best???

Any and all of them as long as they are trending strongly....

Hope that helps
Feel the Fear and do it anyway!!!
  • #9,984
  • Edited Mar 30, 2016 12:04am Mar 29, 2016 11:44pm | Edited Mar 30, 2016 12:04am
Quoting clivepackham
{quote} Its not about which pair or timeframe does it work on and which pair doesn't it work on, because it works on all pairs and all timeframes, indices, commodities or whatever you want to trade. The secret is to find a strong trending instrument to trade. Thats why I've turned to the DAX and the DOW because they move 200 plus ticks per day so have to trend strongly on the 1 minute or range bar charts to do that amount of ticks in a day. To help you find strong trending forex pairs use the TTindy or your eyes to spot a steep sloping moving average...
Quick example for you look at my strongest/weakest indicator top right corner it has NZD and GPY as strongest and USD and the JPY as weakest so look at this Strongest/weakest GBPJPY chart which has a strong sloping up moving average (35lwma as it happens but could be a 20 or whatever you prefer) so look for buy entries or oversold CCIs to buy....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 strongest weakest.png Size: 63 KB


Trouble is with all strongest/weakest indicators its showing you what has just happened no gaurantee its going to continue ,. However there are clues here as its retesting the 161.75 old resistance level it recently broke and displaying support candles at that level.

Last little clue to how to catch a trend at the start is to look what happened when this new trend started??? It crossed the 35lwma moving avergae retested it(pulled back) and then sprung upwards. Notice same thing happened on the last cross down through the moving average??

And how do you know when your trends ended and time to bank??

Recross of the moving average .....

There you go all you ever need to know to successfully trade any market, but heres the real question.....

Can you do it????????
Feel the Fear and do it anyway!!!
  • #9,985
  • Mar 30, 2016 12:02am Mar 30, 2016 12:02am
Not one to say "I told you so...."

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 told you.png Size: 65 KB


But I did......
Feel the Fear and do it anyway!!!
  • #9,986
  • Mar 30, 2016 12:29am Mar 30, 2016 12:29am
good entry's, bad exits Too my job
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  • #9,987
  • Mar 30, 2016 2:31am Mar 30, 2016 2:31am
Quoting OAPDave
{quote} Cannot agree more my friend, but it sends Clive into a fit because its 60min

ha ha no problem "Old Timer" great posts , I have no issues with hrly charts as at the end of the day we are all trading the same price action just looking through a different window...
Feel the Fear and do it anyway!!!
  • #9,988
  • Mar 30, 2016 4:35am Mar 30, 2016 4:35am
Quoting clivepackham
{quote} Can you do it????????
Thank you Clive for explanation. I will study it and try to implement.

I'm curious for the answer to your questions too I will give it try ... well, many tries, as in case of RangeBars which so far don't want to work on my MT4. But I will figure it out ...

just to explain the situation for experienced traders as many of you are - for me as a newbie there is a lot of searching even in what you want to say (not speaking about implementing it) ... like:
"35lwma as it happens but could be a 20" => 35 or 20 should make some difference, right? so why 35 is better/worse than 20? what is the difference? lets google it ...
"displaying support candles at that level" => what the hell is support candle? never heard of it, lets google ...
etc on almost all the posts here. So I spend a lot of time just trying to figure out what you mean. I learn a lot of new things, but sometime it is quite frustrating that you describe the case in super details, but I'm still not able to use it ... yet ... ;-)
  • #9,989
  • Mar 30, 2016 9:05am Mar 30, 2016 9:05am
Hi Clive.
I am totally lost for the first time since joining the FF family as well as following this thread. By the grace of God and the fantastic input from a large number of great people, I have kept up with developments and I thank all concerned for it.
However, I have to admit my total stupidity regarding the Range Bar process currently being used by a large number of you good gentlemen.
For the last week, I have done everything in my power but cannot get the Range Bar setup going.
I have :
Downloaded Clive's indicators.
Restarted MT4 as normal.
Tries any and all damn settings etc etc etc. but just cannot for the life of me get the setup working.
Is there any kind soul out there that can give some pointers please. I have really tried everything but obviously doing something stupid!

Kind regrads

Pieter
  • #9,990
  • Mar 30, 2016 9:32am Mar 30, 2016 9:32am
@pipglutton: my case too. I tried literally 15 different range bars scripts, no success. Not working, or crashing, .... I finished with one Renko functional script, i can repost here if you want.

However, after reading tons of guides and videos how to set those range bars, it appears to me, that there is not a single step-by-step guide that tells you how to make it run and how to set it. My personal answer why this happens is that they are old and everybody uses it different way, using different settings fitting his own methods.

In case you are interested, I can write you how I use it right now, but obviously I'm newbie too and may be little bit naive ...
  • #9,991
  • Mar 30, 2016 9:37am Mar 30, 2016 9:37am
Here is quite exhausting explanation about setting the renko bars, timeframes and all about:

http://www.forexfactory.com/showthread.php?t=354502

Below the RenkoCHarts they are working at my MT4.
Attached File(s)
File Type: ex4 RenkoLiveChart_v600.4.ex4   30 KB | 206 downloads
File Type: mq4 RenkoLiveChart_v600.4.mq4   19 KB | 213 downloads
  • #9,992
  • Mar 30, 2016 9:47am Mar 30, 2016 9:47am
Quoting clivepackham
Not one to say "I told you so...." {image} But I did......
Clive is that an "ordinary" Candle chart as opposed to "Range Bars" ? If Howard finds out he will set his Borgs on you:-)
every Saint has a past. Every Sinner has a Future
  • #9,993
  • Mar 30, 2016 10:21am Mar 30, 2016 10:21am
mahroch - there's an amazing word in the dictionary - google.

And youtube had loads of step by step guides on such things.
  • #9,994
  • Mar 30, 2016 10:25am Mar 30, 2016 10:25am
Quoting mahroch
Here is quite exhausting explanation about setting the renko bars, timeframes and all about: http://www.forexfactory.com/showthread.php?t=354502 Below the RenkoCHarts they are working at my MT4. {file} {file}
They are using Range bars not Renko.

Try this range bar script it's working. Put this in Script folder.

Attached File(s)
File Type: ex4 s-Constant Range Bars.ex4   15 KB | 419 downloads
The Earlier You Start, The More Time You Have To Mess Up.
  • #9,995
  • Edited Mar 31, 2016 5:27am Mar 30, 2016 10:40am | Edited Mar 31, 2016 5:27am

HOW TO OPEN A OFFLINE RANGE BAR CHART.


For those who don't know how to open a Range Bar Chart. Follow the Steps mentioned below.


1st

Attached Image (click to enlarge)
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2nd

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3rd

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4th

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5th

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6th

Attached Image (click to enlarge)
Click to Enlarge Name: 6.png Size: 48 KB


Steps shown above are using Range bar script, So if you are using Indicator just drag it to the M1 Chart and steps are the same.

Attached Image (click to enlarge)
Click to Enlarge Name: 11.png Size: 167 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 22.png Size: 43 KB


Indicator provided by Clive Sir(Non gap), Put this in indicator folder.

Attached File(s)
File Type: ex4 RangeBarChart_v103a.ex4   21 KB | 358 downloads


Apply the Indicator on currency pair you want and follow the steps.


-You have to refresh the indicator on M1 chart whenever you restart you platform or PC.

Don't close your Offline chart when you are refreshing the indicator on M1 chart.

The Earlier You Start, The More Time You Have To Mess Up.
  • #9,996
  • Mar 30, 2016 10:40am Mar 30, 2016 10:40am
Quoting handy148
mahroch - there's an amazing word in the dictionary - google. And youtube had loads of step by step guides on such things.
I know, I did, and saw many of the videos, believe me. And most of it is simply not working ... at least at my MT4.
  • #9,997
  • Mar 30, 2016 10:43am Mar 30, 2016 10:43am
Quoting mahroch
{quote} I know, I did, and saw many of the videos, believe me. And most of it is simply not working ... at least at my MT4.
Try the script i have posted and tell me if it works.
The Earlier You Start, The More Time You Have To Mess Up.
  • #9,998
  • Mar 30, 2016 10:58am Mar 30, 2016 10:58am
@ Anonymous32

Thankx, I will try it tomorow and let you know.

Few comments:
- the original chart HAS to be M1 (nothing else)
- when attaching the script, you HAVE to allow DLL
- after opening the offline chart, DON'T close the original M1 chart
- DON'T use the standard timeframes for your new charts (instead of M1, M5, ... use eg. M2, M7, ...)

It seems to be obvious, but it is not if it is first time in your life you try to make it work ...
  • #9,999
  • Mar 30, 2016 11:04am Mar 30, 2016 11:04am
Quoting Anonymous32
{quote} They are using Range bars not Renko. Try this range bar script it's working. Put this in Script folder. {file}
Thx, its working fine
  • #10,000
  • Edited 11:40am Mar 30, 2016 11:09am | Edited 11:40am
Quoting Anonymous32
{quote} They are using Range bars not Renko. Try this range bar script it's working. Put this in Script folder. {file}
Hi Anonymous32.

Thanx sooo much for the above.
Problem solved!
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