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  • #7,441
  • Jul 4, 2016 9:33am Jul 4, 2016 9:33am
Quoting JoshuaHope
shortcomings.

Like repainting previous closed bars.
Let it turn and find your entry.
  • #7,442
  • Jul 4, 2016 10:18am Jul 4, 2016 10:18am
Quoting Intrepidpips
{quote} Like repainting previous closed bars.
Hey Intrepidpips,

I have not tested this builder in detail, but i can say that I haven't noticed any repaint.. Will take another look, but as far as I can say, there is only the "standard" repaint when you switch accounts or restart your mt4 platform.

Best, Josh
  • #7,443
  • Jul 4, 2016 11:48am Jul 4, 2016 11:48am
Quoting Intrepidpips
{quote} Thanks for sharing Looking good so far, calling the tops and Bottoms so well great to combine it with other set-ups like divergence and Range Breakout/down etc. I just reloaded my Pepperstone account so I just have to settle down and start trading again with a knife to the throat, I am also testing TickMill, their spreads are higher so that gives the trader more work with the exits. I moved to BE at 2.1 pips but that came to 1.7 pips on the TickMill trade. Very similar price feeds with Pepper. Hope we can get this thread kicking...
No problem Intrepidpips! The i-Regr channel is an amazing addition to my trading. Even though it's dynamically moving with price, you will notice after watching it long enough that price respects the outer boundaries of the channel quite often when price is aligning with the median line.

Using that indicator has also made me more aware of channels/wedges. Before my trading day begins I'm mapping out any and all larger timeframe channels and wedges.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYrange.png Size: 69 KB
  • #7,444
  • Jul 4, 2016 11:51am Jul 4, 2016 11:51am
Quoting JoshuaHope
Hey fellas. I was doing some research and came across a mean renko builder. Anyway, its a free alternative to OVO's builder. They smooth out the chart, but as everything else, they have advantages and shortcomings. Credit goes to Fxkred. It can be downloaded here - http://www.forexfactory.com/showthre...16#post6084416 Its an interesting thread that talks about using renko with harmonic patterns, short and worth the read. Best, Josh {image}
Great share Joshua! If I hadn't bought OVO's builder, I would definitely give this builder a shot. I will check out the thread.
  • #7,445
  • Jul 6, 2016 3:22am Jul 6, 2016 3:22am
I finally got my ovo license but my H4 cross-over is not working well on the ovo offline chart.Gotta find a fix for it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 205.png Size: 77 KB
Click to Enlarge Name: RENKO 206.png Size: 74 KB
Let it turn and find your entry.
  • #7,446
  • Jul 6, 2016 3:28am Jul 6, 2016 3:28am
Quoting Intrepidpips
I finally got my ovo license but my H4 cross-over is not working well on the ovo offline chart.Gotta find a fix for it {image} {image}
Simple fix
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 207.png Size: 86 KB
Let it turn and find your entry.
  • #7,447
  • Jul 6, 2016 4:47am Jul 6, 2016 4:47am
Quoting Intrepidpips
{quote} Simple fix {image}
Still not working like it should, I think MTF indicators may not work well with the OVO so I will keep my MTF to the regular Renko builders use it on my HTF chart.
Let it turn and find your entry.
  • #7,448
  • Jul 6, 2016 5:19am Jul 6, 2016 5:19am
Quoting Intrepidpips
I went into self destruct mode on the 16th, when I should have tripled my account had I simply followed my rules, I have been so remorseful since then seeing my set-ups play out so so well since then. Will fund a new account next week and fight again, the market's not going anywhere without me.
Placing my Margin call of June 16th into perspective, I see that defining -Trend, Pullbacks and Continuation is the key to success in this business.
In all unforced errors takes most traders out of the game.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 208.png Size: 85 KB
Click to Enlarge Name: RENKO 209.png Size: 75 KB
Let it turn and find your entry.
  • #7,449
  • Jul 6, 2016 11:22am Jul 6, 2016 11:22am
Quoting Intrepidpips
{quote} Still not working like it should, I think MTF indicators may not work well with the OVO so I will keep my MTF to the regular Renko builders use it on my HTF chart.
Hey Intrepidpips,
Yeah, I have notice that with OVO builders, many tools don't work correctly. You just have to play around to get them to work. For me the daily open did not work, renko counter showed incorrect data, BRNs didn't show. Daily Open -had to mark manually, as for renko counter - there is a updated version on the ff page i posted 2 days ago on mean renko, and for BRN(dee's) - go to settings and de-select auto adjust. I am writing this for people that have the same problems with OVO, sorry i am not sure if you use any of these indies, so my post may be of no assistance.
I would like to say that I admire the way you post about your margin call. Many people wouldn't have the stones to talk about it or share it. Hopefully, we call all learn from this. Best, Josh
edit-daily open changed
  • #7,450
  • Jul 6, 2016 12:16pm Jul 6, 2016 12:16pm
Quoting Intrepidpips
{quote} Placing my Margin call of June 16th into perspective, I see that defining -Trend, Pullbacks and Continuation is the key to success in this business. In all unforced errors takes most traders out of the game. {image} {image}
I agree with you 100%, although I would add that maintaining at least a R:R 1:1 is critical. Is that business as usual in your trading, losing 29 pips while making 8 pips on average? If it is, you are setting yourself up for failure in my opinion.
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,451
  • Jul 7, 2016 2:12am Jul 7, 2016 2:12am
Quoting BBalazs
{quote} . Is that business as usual in your trading, losing 29 pips while making 8 pips on average? If it is, you are setting yourself up for failure in my opinion.

Those are the things we all need to eliminate in our trading, the day before I could only manage one trade which was barely BE and then on the 16th wifey was in super bitchy mode over this "Forex of a thing" that was not yielding tangible spendable results so I desperately needed to show that I was making progress.
The first trade was 3 bars too early so I was in a roller coaster until my proper entry came while I was already in the trade but at the slightest indication of reversal bearing in mind the tipsy turvy I just experienced I bailed.
Had I followed the rules and entered at the right time, the first target was at that 1st pullback which was S1 for that day and that was 32 pips, the little shake after proper entry would have been endured, so my point is that systems will always find you winning entries but will not prevent your jumping the gun and hurting yourself.
After the -29 I got too emotional and went into self destruct mode, selling at the bottom of a move removing my SL and turning my computer off, I never exceeded SL of 30 on a single trade since 2011.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 210.png Size: 71 KB
Let it turn and find your entry.
  • #7,452
  • Jul 7, 2016 2:21am Jul 7, 2016 2:21am
Quoting JoshuaHope
{quote} Hey Intrepidpips, Yeah, I have notice that with OVO builders, many tools don't work correctly. You just have to play around to get them to work. For me the daily open did not work, renko counter showed incorrect data, BRNs didn't show. Daily Open -had to mark manually, as for renko counter - there is a updated version on the ff page i posted 2 days ago on mean renko, and for BRN(dee's) - go to settings and de-select auto adjust. I am writing this for people that have the same problems with OVO, sorry i am not sure if you use any of these...
Thanks for sharing your experience with the OVO add-on, we just have to find the best fit for what we need to progress.
About the margin call, my message is that no one should ever quit, just find out where you went wrong and raise the bar, there are times your system will genuinely give you a false signal, and there are times when the blame will be on the trader, that MC was my fault.
Let it turn and find your entry.
  • #7,453
  • Jul 7, 2016 5:45am Jul 7, 2016 5:45am
Quoting Intrepidpips
{quote} Those are the things we all need to eliminate in our trading, the day before I could only manage one trade which was barely BE and then on the 16th wifey was in super bitchy mode over this "Forex of a thing" that was not yielding tangible spendable results so I desperately needed to show that I was making progress. The first trade was 3 bars too early so I was in a roller coaster until my proper entry came while I was already in the trade but at the slightest indication of reversal bearing in mind the tipsy turvy I just experienced I bailed....
I can see you are extremely dedicated and not about to give in anytime soon I know how difficult it is with the family, because they probably mean well but at the same time, have no idea how this business works. Been there, done that

As I can see, you are having a hard time being consistent with your trading. Despite the fact that you have a plan (I assume you do), you just can't follow it to the letter. It is by no means any kind of critcism, I am just giving you my view on why you were margin called.

Anyway, try Mark Douglas' trading excercise, which he presented in the Trading In The Zone book. Make a trading plan and trade the next 20 trades according the the plan. Follow it to the letter. Whether on demo or on live account, the goal is to develop a care-free attitude. I highly recommend the book, I bought the audio version and listened it 3 times already during my morning walks.
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,454
  • Jul 7, 2016 12:50pm Jul 7, 2016 12:50pm
Ger30 quick scalps today.
Nothing special, but this is what i was playing with today. I am starting to feel an attraction towards the idea of putting 10 pips in the bag early and calling it a day. With a good money management plan, and consistency, one should be set. The idea is that i am done trading in an hour, and then go do something else....go swimming or hang out at the beach...As a man who loves charts, I would probably hang out for 1 hour, then get back to the charts to train the eyes.
Also there are other things to consider...like asking myself what happens if i take(theoretically), 5 SL trades in a row. What would I do? Whats the plan to recover? Its important to plan this and not wait for it to happen and then make up as you go along. Hopefully, it never happens. What I have found out is that the more you discriminate trades, the better. I build a case whats going on first on the 10 pip chart, then move to lower TF to look for trades. If you cant build a good case or find yourself in a situation where you simply don't know...you don't trade it...but watch and learn. In my mind, the market repeats the same patterns and sequence of patterns over and over again. -and this becomes clearly visible with renko. After some time, you will see something and say...aha this is probably this...now lets see what supports that idea.
The trades I am posting are not spectacular, but wanted to share what I am doing and share my thoughts.
Best, Josh
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 scalping.png Size: 148 KB
  • #7,455
  • Jul 7, 2016 2:34pm Jul 7, 2016 2:34pm
Quoting BBalazs
{quote} I can see you are extremely dedicated and not about to give in anytime soon I know how difficult it is with the family, because they probably mean well but at the same time, have no idea how this business works. Been there, done that As I can see, you are having a hard time being consistent with your trading. Despite the fact that you have a plan (I assume you do), you just can't follow it to the letter. It is by no means any kind of critcism, I am just giving you my view on why you were margin called. Anyway, try Mark Douglas' trading...
I did that some time ago,http://www.forexfactory.com/showthre...48#post7017648
I think I have to go back and do that again, thanks for reminding me.
Let it turn and find your entry.
  • #7,456
  • Jul 7, 2016 2:40pm Jul 7, 2016 2:40pm
Quoting JoshuaHope
Ger30 quick scalps today. Nothing special, but this is what i was playing with today. I am starting to feel an attraction towards the idea of putting 10 pips in the bag early and calling it a day. With a good money management plan, and consistency, one should be set. The idea is that i am done trading in an hour, and then go do something else....go swimming or hang out at the beach...As a man who loves charts, I would probably hang out for 1 hour, then get back to the charts to train the eyes. Also there are other things to consider...like asking...

I have come to believe that picking 10pips daily is possible, but just 2 things, 1st you have to be committed to take the successive valid signals even when the last resulted in a loss and 2nd you have to have a Hawk eye for your valid EXIT SIGNALS.
We are too caught up in the entries that the exits sometimes screw us up.
Let it turn and find your entry.
  • #7,457
  • Jul 7, 2016 3:16pm Jul 7, 2016 3:16pm
I couldn't do much today, missed out on the FO pullback caught some of the continuation and couldn't trade again for low current and faulty AVR.

I pray tomorrow will be a better day.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 211.png Size: 69 KB
Click to Enlarge Name: RENKO 212.png Size: 85 KB
Let it turn and find your entry.
  • #7,458
  • Jul 11, 2016 8:48am Jul 11, 2016 8:48am
Looks like it's getting simpler to "Let it turn and find your entry" what is taking time is staying in the game when it seems the tide is turning against my position, even with the smallest lot sizes I still ditch my profitable trades.

My first trades on my reloaded account.
I missed the first opportunity to short as the HTF H4 signal was showing a reversal (which disappeared when the Bears gained momentum)
Then I ditched my first trade miles away from my target as it seemed i was headed into a double bottom reversal pr so I reasoned.
The buy opportunity was squandered by my taking my eyes away from the HTF chart Then I repeated the pattern again thinking the Pivot was gonna hold against my position.

I need to break out of this pattern.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 213.png Size: 87 KB
Click to Enlarge Name: RENKO 214.png Size: 58 KB
Let it turn and find your entry.
  • #7,459
  • Jul 11, 2016 9:20am Jul 11, 2016 9:20am
I want to sum up that keeping a keen eye on the HTF and having 2 Oscillators is a great advantage, wish I had embraced this from the get go, the Patterns are clearer from the HTF.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 215.png Size: 74 KB
Let it turn and find your entry.
  • #7,460
  • Jul 11, 2016 11:39am Jul 11, 2016 11:39am
Could you please post the template and indicators you are using for this strategy?

Thanks
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