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  • #7,101
  • May 19, 2016 10:46am May 19, 2016 10:46am
I just started trying out the OVO Renko bar and it is much the same as the Renko pimped, I want to see if there is no repainting as they claim.
I deployed it before the US unemployment claims figures were released but the reaction was not so crazy at all so can't judge with that, wish I'd tried it yesterday from FO.
Let it turn and find your entry.
  • #7,102
  • May 19, 2016 10:55am May 19, 2016 10:55am
Quoting Intrepidpips
I just started trying out the OVO Renko bar and it is much the same as the Renko pimped, I want to see if there is no repainting as they claim. I deployed it before the US unemployment claims figures were released but the reaction was not so crazy at all so can't judge with that, wish I'd tried it yesterday from FO.
The easiest way to test this, in contrast to the pimped would be to take a screenshot, then restart your platform, regardless of how wild the pa was. Pimped would change at least a few bars on the full screen.
Best, Josh
  • #7,103
  • May 19, 2016 11:12am May 19, 2016 11:12am
Quoting JoshuaHope
{quote} The easiest way to test this, in contrast to the pimped would be to take a screenshot, then restart your platform, regardless of how wild the pa was. Pimped would change at least a few bars on the full screen. Best, Josh

What I do is to fresh the M1 chart where the Renko builder is loaded, I simply change the time frame from M1 to H1 wait a few seconds and revert back to M1 and go back to the already opened Offline chart, this saves me the hassle of restarting my computer and sometimes when you restart your computer, you will find that your history is not updated and you at first go back like up to 6 hours.

What I've found a lot of times when I refresh that way is differences between the before and after but haven't found that yet with the OVO. I took some screenshots and I hope to continue tomorrow -God willing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 134 OVO.png Size: 73 KB
Click to Enlarge Name: RENKO 135 OVO.png Size: 71 KB
Let it turn and find your entry.
  • #7,104
  • May 19, 2016 11:33am May 19, 2016 11:33am
Quoting Intrepidpips
{quote} What I do is to fresh the M1 chart where the Renko builder is loaded, I simply change the time frame from M1 to H1 wait a few seconds and revert back to M1 and go back to the already opened Offline chart, this saves me the hassle of restarting my computer and sometimes when you restart your computer, you will find that your history is not updated and you at first go back like up to 6 hours. What I've found a lot of times when I refresh that way is differences between the before and after but haven't found that yet with the OVO. I took some...
Looks good. I am guessing that the OVO builder saves detailed tick data in some mt4 folder and then builds bars based on it. That would be my guess. Either way, i think it is worth the 45$. I am probably gonna get the mean version once my trial expires.
Best, Josh
  • #7,105
  • May 19, 2016 11:41am May 19, 2016 11:41am
Quoting JoshuaHope
{quote} Looks good. I am guessing that the OVO builder saves detailed tick data in some mt4 folder and then builds bars based on it. That would be my guess. Either way, i think it is worth the 45$. I am probably gonna get the mean version once my trial expires. Best, Josh
ATM I was using the Math trader non-gap, but this OVO looks quite impressive so far, so sure there would have been some changes in the screenshots had it been the Math trader 7 EA.
I will download the wicked version once my trial expires -24th and see since I have little time left.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 139 OVO.png Size: 77 KB
Click to Enlarge Name: RENKO 140 OVO.png Size: 77 KB
Let it turn and find your entry.
  • #7,106
  • Edited 1:43pm May 19, 2016 12:20pm | Edited 1:43pm
Just saw this setup and decided to take a bite. It seems to be a wedge in both PA and oscillators. Lets see if it plays out.
Edit - Got BE+2 x2. I will observe this setup and look for a re-entry if it seems bullish.
Edit2 - Got BE+2 X2 once again. Then I found an entry at the BPC. I was hoping for more momentum as it seems to be slowing. Either way, I am at BE+2. My last attempt for today. Best, Josh
Edit3 - Bot BE+2 X2 again. Looks like I was wrong, but I still think this was a valid setup.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Ger30 ongoing.png Size: 131 KB
Click to Enlarge Name: Ger30 ongoing2.png Size: 124 KB
  • #7,107
  • May 19, 2016 9:19pm May 19, 2016 9:19pm
I didn't get to trade today, but I did take a trade during last nights Asian session. I like the fact that you can practically trade GBP/JPY all day.

Day by day I'm feeling more confident. I'm now live! It was nice that the first trade was a winner. I do have to say the emotions that go along with trading real money is totally different. I can tell I'm babysitting my trades much more than demo. Something I need to work on... baby steps.

Reason for Trade: Price was making LL's. Divergence. Stoch was struggling to get to oversold, and the JRSX indicator was showing no strength to the upside.

+25
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM11.png Size: 44 KB
  • #7,108
  • May 20, 2016 2:43am May 20, 2016 2:43am
Quoting lKeithStone
I didn't get to trade today, but I did take a trade during last nights Asian session. I like the fact that you can practically trade GBP/JPY all day. Day by day I'm feeling more confident. I'm now live! It was nice that the first trade was a winner. I do have to say the emotions that go along with trading real money is totally different. I can tell I'm babysitting my trades much more than demo. Something I need to work on... baby steps. Reason for Trade: Price was making LL's. Divergence. Stoch was struggling to get to oversold, and the JRSX...
True. The best way to prepare for live is to trade small amounts on demo, then small amounts on live. Maybe even set up a cent account. What I am trying to do, is to trade the demo the same way I would trade a live account...so no stupidity and no "gambling".
Best, Josh
  • #7,109
  • May 20, 2016 2:48am May 20, 2016 2:48am
A fine morning theory that simply did not work out. I ended up BE+2 x4. Here is what I was seeing and why. Looks like my idea was too ambitious, as the market did not like it. However, i think that the logic was sound.:nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ongoing1.png Size: 130 KB
Click to Enlarge Name: 20p.png Size: 111 KB
  • #7,110
  • May 20, 2016 4:33am May 20, 2016 4:33am
Quoting JoshuaHope
A fine morning theory that simply did not work out. I ended up BE+2 x4. Here is what I was seeing and why. Looks like my idea was too ambitious, as the market did not like it. However, i think that the logic was sound.:nerd: {image} {image}
No not too ambitious, but I wish you'd seen the Pennant before pulling the trigger you'd have taken the break which ever way.
Let it turn and find your entry.
  • #7,111
  • May 20, 2016 4:41am May 20, 2016 4:41am
GER30 +40 +47 Caught my daily target. I have been having problems getting mean renko to work with any daily open line indicator...simply wont work, or if it does, doesn't work correctly. Also, my wedge lines get moved as pa develops? Note my wedge on the 5 pip chart..it was draw straight(er) before. Strange.
Anyway, i caught my daily target.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Ger30 +40 +47.png Size: 137 KB
Click to Enlarge Name: 20p2.png Size: 100 KB
  • #7,112
  • May 20, 2016 4:57am May 20, 2016 4:57am
Quoting Intrepidpips
{quote} No not too ambitious, but I wish you'd seen the Pennant before pulling the trigger you'd have taken the break which ever way.
Hey Intrepidpips,
Indeed, pennants can sometimes be deceiving. Looking at it now, if I had waited for a break out, i would have ended up with BE either way. I used structure for this, when HL printed with div, I took it. In hind sight, I was seduced by my bull theory and shorting was no an option at that point. Only when I went to BE, i decided to re-evaluate my thinking. The good thing is that I am getting better at my entries, thus keeping my account safe.
Best, Josh
  • #7,113
  • May 20, 2016 5:04am May 20, 2016 5:04am
I am afraid I'm not trading too well it seems.

My first entry was a CT just grabbed one brick and the next was a proper, by the rule trade which should have yielded >50 pips if I held on to my target and added on with the pullback.
The 2nd chance was wasted because I was waiting for the alignment of the "planetary bodies" while there was an evident bounce-off the pivotal MA and the Stochastic turning at extreme so angry was I at the MACD for changing color quarter way into the 3rd bearish bar that I decided not to wait on the next available opportunity with the Stochs turning at extreme O/B, which almost cost me a SL hit before moving in my direction.

The Renko 10 MACD was SELL all the way.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 141.png Size: 98 KB
Click to Enlarge Name: RENKO 142.png Size: 60 KB
Let it turn and find your entry.
  • #7,114
  • May 20, 2016 5:06am May 20, 2016 5:06am
Quoting JoshuaHope
GER30 +40 +47 Caught my daily target. I have been having problems getting mean renko to work with any daily open line indicator...simply wont work, or if it does, doesn't work correctly. Also, my wedge lines get moved as pa develops? Note my wedge on the 5 pip chart..it was draw straight(er) before. Strange. Anyway, i caught my daily target. {image} {image}

Let it turn and find your entry.
  • #7,115
  • May 20, 2016 5:19am May 20, 2016 5:19am
Quoting lKeithStone
I didn't get to trade today, but I did take a trade during last nights Asian session. I like the fact that you can practically trade GBP/JPY all day. Day by day I'm feeling more confident. I'm now live! It was nice that the first trade was a winner. I do have to say the emotions that go along with trading real money is totally different. I can tell I'm babysitting my trades much more than demo. Something I need to work on... baby steps. Reason for Trade: Price was making LL's. Divergence. Stoch was struggling to get to oversold, and the JRSX...
I like the way the JRSX indie plots divergence and I'm a mad fan of divergence are you at liberty to post it ?
Thanks.
Let it turn and find your entry.
  • #7,116
  • May 20, 2016 8:07am May 20, 2016 8:07am
Quoting Intrepidpips
{quote} I like the way the JRSX indie plots divergence and I'm a mad fan of divergence are you at liberty to post it ? Thanks.
Found this version, I think it's more useful in the LTF than in the HTF.

I m watching this range, who will win, bulls or bears?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 143.png Size: 69 KB
Click to Enlarge Name: RENKO 144.png Size: 69 KB
Attached File(s)
File Type: mq4 3c_JRSX_H.mq4   5 KB | 364 downloads
Let it turn and find your entry.
  • #7,117
  • May 20, 2016 8:25am May 20, 2016 8:25am
Quoting Intrepidpips
{quote} Found this version, I think it's more useful in the LTF than in the HTF. I m watching this range, who will win, bulls or bears? {file} {image} {image}
You got it Intrepidpips! That is the one I'm using. I use a setting of 8. Below is the description of the JRSX:

Description:
The properties of this indicator are quite similar to the classic oscillators and exactly the same methods of technical analysis can be applied to it as to the RSI. Only through the use of more sophisticated smoothing algorithms it has less delay and smoother shape of the curve.

One thing I've noticed with the JRSX is when you get divergence within the 0.5 lines it is more reliable than if it's past it. I use that as a filter.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM4.png Size: 45 KB
  • #7,118
  • May 20, 2016 8:55am May 20, 2016 8:55am
Quoting lKeithStone
{quote} You got it Intrepidpips! That is the one I'm using. I use a setting of 8. Below is the description of the JRSX: Description: The properties of this indicator are quite similar to the classic oscillators and exactly the same methods of technical analysis can be applied to it as to the RSI. Only through the use of more sophisticated smoothing algorithms it has less delay and smoother shape of the curve. One thing I've noticed with the JRSX is when you get divergence within the 0.5 lines it is more reliable than if it's past it. I use that...

Thanks
Let it turn and find your entry.
  • #7,119
  • May 20, 2016 9:36am May 20, 2016 9:36am
Hello guys, it's been a while since I don't post here...
I was wondering if any of you can recommend and share a trade manager EA? I need a trade manager that can work with basket of trades, per pair. The whole thing I need it to do is manage all the open trades either is 1 or 5, by pair, and that calculates and places stops to break even all the basket, BE+ lock in profit, and also trail stop for the whole trades.

I've tried multi purpose trade manager, but it makes my platform freeze. So need something else, an preferably that is easier to use.

I remember dee used one EA to manage stops, will look for it.. just not sure if it is capable of trailing and manage baskets or group of trades.

Have a great weekeng. Best regards
  • #7,120
  • May 20, 2016 9:40am May 20, 2016 9:40am
Quoting Intrepidpips
{quote} Found this version, I think it's more useful in the LTF than in the HTF. I m watching this range, who will win, bulls or bears? {file} {image} {image}
The Bears did.

I missed the BB break-out so I waited for the MACD crossing the 0 line down but then a pull back came first and well utilizes.
total tally 35.7 less commission that makes 32.5.
With Renko 4 my daily target is now 30 pips (SO DOABLE)
Happy weekend all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 146.png Size: 60 KB
Click to Enlarge Name: RENKO 147.png Size: 70 KB
Let it turn and find your entry.
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