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  • #5,141
  • Sep 29, 2016 1:38pm Sep 29, 2016 1:38pm
Quoting Hotpotato
{quote} No, i leave that up to others. I am not interested in short term renko because than you are better of trading a "real" chart. A lot of my live trades run for days on end and i am happier with that, takes less attention. So i am thinking of something like AMA 3 for entry/exit with EMA 10/3 for confirmation to try to catch the center of long waves.
i told you compare M1 chart with new renko for see real difference drawing. But if drawing its like you show me in capture I think improvement is clear
Try don't lose pants never...
  • #5,142
  • Sep 29, 2016 1:58pm Sep 29, 2016 1:58pm
Quoting braintheboss
{quote} i told you compare M1 chart with new renko for see real difference drawing. But if drawing its like you show me in capture I think improvement is clear
This is how smooth H1 renko look after a couple of hours.
Only concern is really fast moves so you should avoid all the news.
Attached Image (click to enlarge)
Click to Enlarge Name: howitlooksnow.PNG Size: 59 KB
info@metacharttools,com
  • #5,143
  • Sep 29, 2016 2:02pm Sep 29, 2016 2:02pm
Quoting Hotpotato
{quote} This is how smooth H1 renko look after a couple of hours. Only concern is really fast moves so you should avoid all the news. {image}
Fast movements is a problem because when H1 candle close is so late for entry, dont you?
Try don't lose pants never...
  • #5,144
  • Sep 29, 2016 2:04pm Sep 29, 2016 2:04pm
This is today.
You can see those pesky little losers.
Each is small max 20 pips but in total they amount to a lot.
Attached Image (click to enlarge)
Click to Enlarge Name: today.jpg Size: 154 KB
info@metacharttools,com
  • #5,145
  • Sep 29, 2016 2:07pm Sep 29, 2016 2:07pm
Quoting braintheboss
{quote} Fast movements is a problem because when H1 candle close is so late for entry, dont you?
More concerned about the exit.
But i can always something to tackle that.
info@metacharttools,com
  • #5,146
  • Sep 29, 2016 2:13pm Sep 29, 2016 2:13pm
Quoting Hotpotato
This is today. You can see those pesky little losers. Each is small max 20 pips but in total they amount to a lot. {image}
It not a surprise. You cut fast and when you catch long move you recover easily. Really "big" losses are that small zigzags in the charts. But in last capture I think using your idea ( not very fast MA ) you can filter some zigzag rows without delay much.

But +700 net pips in one day with 16 pairs is a lot. If every day you can stable profits ( even with less pips ) then losses are not big problem

Quoting Hotpotato
{quote} More concerned about the exit. But i can always something to tackle that.
Depends how works new renko I will try adapt slope modes to that behaviour too. I'm sure we will tune both tools for get the best performance
Try don't lose pants never...
  • #5,147
  • Sep 29, 2016 2:35pm Sep 29, 2016 2:35pm
Perhaps someone wants to have a look at it.
Debug version so still prints some lines in experts log.

Try a H1 chart and do not run it next to the Multirenko or change the output timeframe of this one to 18 or 3 or so
Attached File(s)
File Type: ex4 BDMsmoothrenkodriverv1.00.ex4   71 KB | 328 downloads
info@metacharttools,com
  • #5,148
  • Sep 29, 2016 2:40pm Sep 29, 2016 2:40pm
Quoting Hotpotato
Perhaps someone wants to have a look at it. Debug version so still prints some lines in experts log. Try a H1 chart and do not run it next to the Multirenko or change the output timeframe of this one to 18 or 3 or so {file}
Ok. Then I will use 19 for old and 20 for new...
Try don't lose pants never...
  • #5,149
  • Sep 29, 2016 2:49pm Sep 29, 2016 2:49pm
On another terminal i am going to try something different.

From pure observation noticed that those "pesky" 1 up 1or 2 down (3 would be BE and 4 profit) usually come as a resting point after a large move and also a couple of them following each other until the next larger move.

So i build into the trader the possibility to switch from a fast confirmation pin fi AMA 3 to a slower confirmation pin like EMA 10/2 and switch back if that turn out to be a winner.

It will cost you 1 to 2 bar(s) on the first long move but possible skip some repeating whipsawing in slow times.
Just running it in test will proof if i am right or wrong.
Attached Image
info@metacharttools,com
  • #5,150
  • Sep 29, 2016 2:58pm Sep 29, 2016 2:58pm
Quoting Hotpotato
On another terminal i am going to try something different. From pure observation noticed that those "pesky" 1 up 1or 2 down (3 would be BE and 4 profit) usually come as a resting point after a large move and also a couple of them following each other until the next larger move. So i build into the trader the possibility to switch from a fast confirmation pin fi AMA 3 to a slower confirmation pin like EMA 10/2 and switch back if that turn out to be a winner. It will cost you 1 to 2 bar(s) on the first long move but possible skip some repeating whipsawing...
Is this for BDM only? I get confused sometimes as what system I should be trading. Looks like another good idea.
  • #5,151
  • Sep 29, 2016 3:00pm Sep 29, 2016 3:00pm
you guys make this stuff so complicated that i need to make a school to get it all right i think
Take what you can, give nothing back
  • #5,152
  • Sep 29, 2016 3:02pm Sep 29, 2016 3:02pm
Quoting PipFlak
{quote} Is this for BDM only? I get confused sometimes as what system I should be trading. Looks like another good idea.
Like the renko drivers they are named BDMxxxx but they will run without BDM.

I call them BDMxxx because if they run under BDM they do some special stuff like register as a driver or an EA.
info@metacharttools,com
  • #5,153
  • Sep 29, 2016 3:14pm Sep 29, 2016 3:14pm
Quoting Husky77
you guys make this stuff so complicated that i need to make a school to get it all right i think
You and me both!
  • #5,154
  • Sep 29, 2016 3:15pm Sep 29, 2016 3:15pm
Quoting Hotpotato
On another terminal i am going to try something different. From pure observation noticed that those "pesky" 1 up 1or 2 down (3 would be BE and 4 profit) usually come as a resting point after a large move and also a couple of them following each other until the next larger move. So i build into the trader the possibility to switch from a fast confirmation pin fi AMA 3 to a slower confirmation pin like EMA 10/2 and switch back if that turn out to be a winner. It will cost you 1 to 2 bar(s) on the first long move but possible skip some repeating whipsawing...
But normally if you can avoid 2 or 3 bad trades compensate that small cost. Really that small zigzag are the problem. If you resolved it rest of chart are long movements. Maybe works
Try don't lose pants never...
  • #5,155
  • Sep 29, 2016 3:32pm Sep 29, 2016 3:32pm
Quoting Husky77
you guys make this stuff so complicated that i need to make a school to get it all right i think
Enroll in Brain's "Renko 101" for only 1000 Barbadian Dollars.
info@metacharttools,com
  • #5,156
  • Sep 29, 2016 3:42pm Sep 29, 2016 3:42pm
Quoting Hotpotato
{quote} Enroll in Brain's "Renko 101" for only 1000 Barbadian Dollars.
I have discount the HP royalties...
Try don't lose pants never...
  • #5,157
  • Sep 29, 2016 4:20pm Sep 29, 2016 4:20pm
Quoting braintheboss
{quote} I have discount the HP royalties...
So what are you calling this new creation...Potato Brain Renko?
  • #5,158
  • Edited 5:16pm Sep 29, 2016 4:45pm | Edited 5:16pm
Quoting PipFlak
{quote} So what are you calling this new creation...Potato Brain Renko?
Something like that. It's a collaboration of two brilliant minds
Try don't lose pants never...
  • #5,159
  • Sep 29, 2016 9:16pm Sep 29, 2016 9:16pm
Quoting Husky77
cos i'm not that good at words so i paint hahahaha
Thank you
When you are successful perhaps give a thought to others ... Kiva dot org
  • #5,160
  • Edited Sep 30, 2016 12:38am Sep 29, 2016 10:36pm | Edited Sep 30, 2016 12:38am
Quoting Hotpotato
On another terminal i am going to try something different. From pure observation noticed that those "pesky" 1 up 1or 2 down (3 would be BE and 4 profit) usually come as a resting point after a large move and also a couple of them following each other until the next larger move. So i build into the trader the possibility to switch from a fast confirmation pin fi AMA 3 to a slower confirmation pin like EMA 10/2 and switch back if that turn out to be a winner. It will cost you 1 to 2 bar(s) on the first long move but possible skip some repeating whipsawing...
Would you please be so kind as to post your settings? Nothing I try right now is working too well with old renko. I am going to try on a regular 30M chart and compare results.
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