Mr.Nims, Renko Ashi Scalping System. - page 6

 
generousforex:
Yes, that is where you would enter 10.

I have the real commercial renko script so mine does

not do what you are mentioning. I would say yes and

see how the bars look.. if they are correct, great.

If not, attach renko script again, say yes and

then change the range from 5 to 100 (10 with one more

0 for 5 digit broker) as this is

a script adjusting for 5 digit broker, that could be

necessary. But I would do the above first, set it to 10

and say yes rescale and when you load your M2

chart with template see how the bars look...check

one and see it is 10 pips the range of that one bar,

if not you may have to do the second process.

Brian

Hi Brian!

I think the bars range is also set to 10 for 5 digit brokers as well b/c I tried 100 and there was nothing on the chart. Also, how does the probability meter work with this system?

Thanks again for all your help!

 

Pm

If you have the probability meter, it will work just like on other systems

if everything lines up for a trade otherwise, lastly you can look

at the probability meter and see that it agrees strongly

with the trade you are taking. Also for exiting a trade, you

can use it as you are comfortable for exiting when the

trend changes against your current trade.

Rescale must be then adjusting for 5 digit ie so you

dont have to do anything else. Good to know

Brian

bnbb2004:
Hi Brian!

I think the bars range is also set to 10 for 5 digit brokers as well b/c I tried 100 and there was nothing on the chart. Also, how does the probability meter work with this system?

Thanks again for all your help!
 

Mis-spoke

Hey lordsfxt one more question actually.. still the open one, do you

enter during the bar that has changed color or wait till its confirmed

by that bar closing?

And also, what are the arrows on your chart? Is that the xpma

version you use? I am asking because it doesn't (the one on your

charts) alert to each color change I was wondering if they are different arrows.

thanks!

Brian

lordsfxt:
The same thing as the 1st post on the topic, except that have modified the renko chart from 5pips to 10pips for lesser fakeout and apply them on eurusd,gbpusd,usdjpy & eurjpy. And change renko again from 5pip to 20pip on gbpjpy for lesser fakeout. Then i just wait the heiken alert and go in with 20-30 pip stoploss till i am happy of price action and profits Still made another 40pip long on eurjpy and gbpjpy, so my count is now 190pip + 40pip = 130pips for the day !! Still more to come on US session... keep eyes open for gbpusd
 

Probability Meter Doesn't Appear to Work

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

 

Here!

Actually, here is the thread for it

https://www.forex-tsd.com/forum/commercial-talks/9260-the-probability-meter

GF

generousforex:
the probability meter is great, but you have to have that

already in your indicators. its not a free indicator, ferrufx

sells it on the commercial section o forex-tsd for all interested, I believe.

its great. I like it... but its not a free indicator

that could be posted here.

Brian
 

PB Meter

the probability meter is great, but you have to have that

already in your indicators. its not a free indicator, ferrufx

sells it on the commercial section on forex-tsd for all interested, I believe.

its great. I like it... but its not a free indicator

that could be posted here.

Brian

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

Bars on 2m Chart

How do I get the same amount of bars on the 2m (offline) chart as the 1m chart? When I choose open chart offline the 2m has about 114 and the 1m has ~7000? I tried scrolling back on the 1m chart before/after I put on the renko script, but I cant seem to get the bars on the 2m chart.

 

Two things..

Close your charts, re-open the 1 minute chart, then scroll back

for about 1 month or more. Then load the renko script back

on the 1 minute chart.

Second, if that doesn't help... or does somewhat, patience

I have had that before and then hours later my chart

had much more data to work with. But make sure you do

the first step first, with the renko script not yet on your M1,

then add the renko script and load your M2 back again and

see if that helped.

GF

bnbb2004:
How do I get the same amount of bars on the 2m (offline) chart as the 1m chart? When I choose open chart offline the 2m has about 114 and the 1m has ~7000? I tried scrolling back on the 1m chart before/after I put on the renko script, but I cant seem to get the bars on the 2m chart.
 
generousforex:
Close your charts, re-open the 1 minute chart, then scroll back

for about 1 month or more. Then load the renko script back

on the 1 minute chart.

Second, if that doesn't help... or does somewhat, patience

I have had that before and then hours later my chart

had much more data to work with. But make sure you do

the first step first, with the renko script not yet on your M1,

then add the renko script and load your M2 back again and

see if that helped.

GF

Thx for all your help GF! :-)

Really quick...Are you doing pretty well with trading renko charts?

 

XPMA Email Alert

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