Mr.Nims, Renko Ashi Scalping System. - page 7

[1Dave7]

mr_nims:
Pair : EURUSD only (2 pip spread)

SL: 10pip + spread

TP: 10-20pip, trailing 10pip or breakeven at 10 pip for more.

To Setup chart please follow the steps :-

1. Close Metatrader

2. Copy the indicators to experts/indicators folder in metatrader

3. Copy the renkoashi script to experts/scripts folder in metatrader (Use the readme included for more detailed setup.)

4. Restart Metatrader

5. Open a eurusd 1min chart and scroll back until you have 1 month of history.

6. Apply the renko script on the 1minute chart. Settings default.

7. Open an offline chart of eurusd 2min chart.

8. Apply the template, Renko_ashi.tpl to the 2min chart.

The chart should look something like this.

Entry Rule : Wait for alarm signal from heiken ashi then check with LSMA window to make sure both match direction for entry.

Best of luck to all!

Mr Nims

PROBLEM: I created a 2-min EURUSD graph and it looks like yours with the Heiken Ashi indicator. The graph will not update - As if it is frozen?? What have I done wrong?

Dave

[lordsfxt]

bnbb2004:
Does anyone know of the xpma that has an email alert?

I need that too, currently only sound/box alert

[bnbb2004]

lordsfxt:
I need that too, currently only sound/box alert

Which version are you using? I checked the indicators with alerts section on the forum, but no luck...

[generousforex]

Xpma

lordsfxt, please post your version of the xpma

you should be able to now.

thanks

GF

lordsfxt:
I need that too, currently only sound/box alert

[lordsfxt]

bnbb2004:
The probability meter doesn't appear to work as it's the same on all charts...

You need to buy that indicator to work, but basically it just a guide and also a disturbance, you can do better just following the chart and price action because probality meter alert too late.

BTW, you can use something like in0tion news reader or xmeter, it also work the same to show currency strenghts, liek this.

[generousforex]

Yes

Yes I have been doing well, but I have been using another

strategy. I like this one very much and want to make it

work for myself at the highest hit level possible.

GF

bnbb2004:
Thx for all your help GF! :-) Really quick...Are you doing pretty well with trading renko charts?

[lordsfxt]

generousforex:
lordsfxt, please post your version of the xpma

you should be able to now.

thanks

GF

default settings, but change period from 8 to 4. (4period = 40pip probability move on 10pip renko and 80pip probability on 20pip renko's)

[generousforex]

Most likely..

You closed your 1 min chart once your renko 2m was up..

you have to keep your 1 min chart with the renko script on it up

for all the time you want the 2M chart to work.

GF

1Dave7:
PROBLEM: I created a 2-min EURUSD graph and it looks like yours with the Heiken Ashi indicator. The graph will not update - As if it is frozen?? What have I done wrong? Dave

[generousforex]

Thanks

Thanks for posting that xpma

Now just one confirmation, so you are using the xpma really

for your alert to check for entry, not the HA alert? is that correct?

thanks

GF

lordsfxt:
default settings, but change period from 8 to 4. (4period = 40pip probability move on 10pip renko and 80pip probability on 20pip renko's)

[lordsfxt]

generousforex:
Yes I have been doing well, but I have been using another

strategy. I like this one very much and want to make it

work for myself at the highest hit level possible.

GF

congrats, care to share your other strategy. BTW this system is a piece of cake, just waiting for xpma and heiken alarm and make sure both matched and enter the trade. pips!