Disliked{quote} Read a bit about this system and just took this trade, and with the visuals of the renko i am pretty confident in it. *I will update you guys on how it does. {image}Ignored
- #102
- Edited 10:38am Aug 5, 2016 9:58am | Edited 10:38am
- | Commercial User | Joined Jul 2015 | 4,729 Posts
- #108
- Aug 5, 2016 4:22pm Aug 5, 2016 4:22pm
- Joined Jan 2011 | Status: Trader | 1,560 Posts
Very niceeee.. Thanks for effort.
Looking forward to try this
Looking forward to try this
I still need a trading break soon!!! "Loose some to win more" --Baher A.
Hi Ghostbiker,
I am just curious and I can't wait till Monday. Accordingly to your rules I think it's more or less as it is below? Look at the image and my thoughts.
RULES:
1. evo- slope must change the color for change direction red is sell and blue is buy (no repaint)
2. evo-donchian must change the color, above the green line only buy / below the yellow line only sell
3. we have resistance and support lines
4. the blue line above and the yellow line below is the donchian CHANNEL
5. Arrow and Dots are only the alarm for us
6. we look for 25 - 50 Pips TP - SL we set below /above the Dot on the next Golden Line
7. we will work with BuyStop and SellStop Orders
As far as I understood, when there is an arrow in the chart we have to be alert and prepared to get into a trade, right? But when there is a signal not everything is accordingly to the rules most of the time, you have to wait till everything is in conjunction. This means to me, at the moment the evo- slope must be red and at the same time price Renko for short must be below the yellow middle line of the Donchian Channel. For Long, the evo- slope must be aqua blue and the Renko for Long must be above the middle green line of the Donchian Channel. Look at the image, the dotted vertical red line is the signal to be alert, the green vertical line is your trigger. What do you think? Is this more or less as it should be or do I miss the point completely? 
I am just curious and I can't wait till Monday. Accordingly to your rules I think it's more or less as it is below? Look at the image and my thoughts.
RULES:
1. evo- slope must change the color for change direction red is sell and blue is buy (no repaint)
2. evo-donchian must change the color, above the green line only buy / below the yellow line only sell
3. we have resistance and support lines
4. the blue line above and the yellow line below is the donchian CHANNEL
5. Arrow and Dots are only the alarm for us
6. we look for 25 - 50 Pips TP - SL we set below /above the Dot on the next Golden Line
7. we will work with BuyStop and SellStop Orders
As far as I understood, when there is an arrow in the chart we have to be alert and prepared to get into a trade, right? But when there is a signal not everything is accordingly to the rules most of the time, you have to wait till everything is in conjunction. This means to me, at the moment the evo- slope must be red and at the same time price Renko for short must be below the yellow middle line of the Donchian Channel. For Long, the evo- slope must be aqua blue and the Renko for Long must be above the middle green line of the Donchian Channel. Look at the image, the dotted vertical red line is the signal to be alert, the green vertical line is your trigger. What do you think? Is this more or less as it should be or do I miss the point completely?
Keep it simple without too many crappy indicators!
- #115
- Edited 6:15am Aug 6, 2016 6:03am | Edited 6:15am
- | Commercial User | Joined Jul 2015 | 4,729 Posts
- I have written we look only to the signal Arrow from SuperSignal v3 (repaint or not repaint)
here is mq4 file SuperSignal_v3d: if you can change to not repaint please do so and give me back
- our Signal is evo-slope and evo-donchian, both not repaint and we set most PendigOrders buy/sell stop
here is mq4 file SuperSignal_v3d: if you can change to not repaint please do so and give me back
- our Signal is evo-slope and evo-donchian, both not repaint and we set most PendigOrders buy/sell stop
- #117
- Edited 11:42am Aug 6, 2016 10:47am | Edited 11:42am
- | Commercial User | Joined Jul 2015 | 4,729 Posts
WARNING: to not overtrade, not to much lot's, not to much orders, not to much orders per pair
trade with patience, watch for the signals, trade with buy/sell pendingorders
The following Account is trade with an ExpertAdvisor from "Antonov / Russia" please stay out
(I don't trade so a grazy risky EA that make MarginCall)
by MC had open over 1000 !! Orders
trade with patience, watch for the signals, trade with buy/sell pendingorders
The following Account is trade with an ExpertAdvisor from "Antonov / Russia" please stay out
(I don't trade so a grazy risky EA that make MarginCall)
by MC had open over 1000 !! Orders - #118
- Edited 3:02am Aug 7, 2016 1:33am | Edited 3:02am
- | Joined Oct 2012 | Status: Trader | 329 Posts
Obviously subcribed Im a big renko fan. Many thanks Ghostbiker It concerns us all renko traders so i thought this renko backtester could come in handy{file}
may please give more light to how we can use this backtest renko?
- I have written we look only to the signal Arrow from SuperSignal v3 (repaint or not repaint) here is mq4 file SuperSignal_v3d: if you can change to not repaint please do so and give me back {file} - our Signal is evo-slope and evo-donchian, both not repaint and we set most PendigOrders buy/sell stop
On the other hand, this indicator is repainting, yes it does but it does repaint more and more the faster the timeframe you are using. In that perspective I am not afraid the indicator we are using now is not good. We are using Renko's which are price action based. Let's see it next week.
Keep it simple without too many crappy indicators!
