Mr.Nims, Renko Ashi Scalping System. - page 220
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EA Renko_LiveChart_v3.3_Labels + Tick Generator Tool
EA Download: 0-renkolivechart_v3.3-labels.mq4
EA Chart (M1) - See Inputs Window for more label and font size options.
Renko Chart (M2, M3, M6 etc)
Installation instructions - HERE - scroll down to postfile45
Tick Generator
"Please note that you must only take trades. (Which i have missed to mention in the manual clearly)
Buy - When macd is above 0 level and all conditions met as per the rules in manual.
Sell - When macd is below 0 level and all conditions met as per the rules in manual."
Hi Mr.Nims, have just read the above on page 1 which I hadn't seen before.
So where the manual says "Make sure the MACD is flipped ... " it is actually saying wait till the MACD is above/below 0 level?
In many cases this leads to delay in taking the trade, even though it does allow a safer more conservative style. The delay in some cases leads to being stopped out. But it does allow to take very good trades with the trend.
Please comment as I am trying to understand the system as you implement it.
Regards,
Anthony
"Please note that you must only take trades. (Which i have missed to mention in the manual clearly)
Buy - When macd is above 0 level and all conditions met as per the rules in manual.
Sell - When macd is below 0 level and all conditions met as per the rules in manual."
Hi Mr.Nims, have just read the above on page 1 which I hadn't seen before.
So where the manual says "Make sure the MACD is flipped ... " it is actually saying wait till the MACD is above/below 0 level?
In many cases this leads to delay in taking the trade, even though it does allow a safer more conservative style. The delay in some cases leads to being stopped out. But it does allow to take very good trades with the trend.
Please comment as I am trying to understand the system as you implement it.
Regards,
AnthonyHi Anthony,
Yes that means when MACD is above or below Zero Level. Mostly the rules are for newbie traders.
But more advanced and experienced traders may simply just need to take trade when the MACD starts to show divergence to buy from bottom of MACD or Sell from the Top of MACD and when all the other chart conditions have met.
Regards,
Mr, Nims
Off-Topic
Hey Fellow Traders,
I've just discovered a broker that I am probably going to completely switch to from now.
It's got all the wonderful trading conditions for me and especially for Renko charting.
As you know Renko charting entirely depends on the 1 Minute data history your broker can supply.
This is one of the many of those kind of brokers that supply ample 1 Minute chart history, especially useful if your into position trading or need to analyze the market history on renko charts.
They are providing almost 2 months and plus of minimum 1 minute chart history.
Also in addition to that, All the superb things you need in a broker.
1:888 Leverage
Micro Accounts (1 standard Lot = 1000 units (or $10(0.01) trade)), So you may be able to go down to trade a dollar or even down to trading 0.10 cents!!
CC, Bank-wire,Moneybookers, Webmoney, LibertyR modes of deposit and withdrawals.
Has all the Majors, Minors, Cross and a few Exotic FX pairs to trade with tight spreads!
USDDKK spread is less than 10pips!
Has Gold with tight spreads and US crudeoil with 4 to 5 spread an no commissions!
Has American & European Stock Indice Futures pairs with spreads as low as 1 pip without commissions!
ECN/STP available and is Fully Regulated with FSC, MIFd, EU and also a number of European country regulations.
Is listed also officially as one of the "Preferred Brokers" on forexfactory.
Excuse me for acting as their sales guy, but I'm really excited to be heading there and I wish you guys also would, all the great conditions for a renko trader!
Here's a result of this weeks "Test Trading" on the Live account with them. This was just for testing execution, Server speed, Spreads, Re-quotes and Price Feed. It's all fantastic and there's no dirty tricks the broker plays with clients.
Excuse the bloated "pips" on myfxbook, for some reason it detects 1 pip as 10 pips on gold trades.
Anyways the link ----- > Click here
May Prosperity always follow you like a shadow!
Mr, Nims
Median-renko
ANy one have updated meadian-renkoEA/indicator/script?
ANy one have updated meadian-renkoEA/indicator/script?
I'm trying to find that too for MT4.
By The Way. Website version of the Commercial Version launches from tommorrow.
www.easyrenko.com
Lets have a wonderful trading week ahead!
Thanx Fxpro...
Email Alerts?
Hello.
Does the MACD come with an email alert for when it crosses the zero line?
Does The MA in Color come with a color email alert?
I don't want to stare at my charts all day..thus the alerts questions.
Thanks in advance!
Hello.
Does the MACD come with an email alert for when it crosses the zero line?
Does The MA in Color come with a color email alert?
I don't want to stare at my charts all day..thus the alerts questions.
Thanks in advance!Perhaps you would have a look at the parameters of each indicator to see which alerts are in each.......
I'm trying to find that too for MT4.
By The Way. Website version of the Commercial Version launches from tommorrow.
www.easyrenko.com
Lets have a wonderful trading week ahead!As a renko trader, what should be the best Leverage to use when setting up MT4.