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DislikedHi Everyone
Although I hate it when the markets are closed, at least at the weekend we get some time to THINK REAL HARD, as Our Master would say!!
I am playing with an idea to measure "price continuation likelihood" based on a quadratic polynomial counting argument. I have completely rewritten my own Renko stuff to incorporate this. Chart attached.
As well as the blue/red up/down Renko brick, each brick is colour-coded with a "projected continuation coefficient" (a diamond inside each brick).
If you ignore the colour and up/down...Ignored
DislikedHi Everyone
Although I hate it when the markets are closed, at least at the weekend we get some time to THINK REAL HARD, as Our Master would say!!
I am playing with an idea to measure "price continuation likelihood" based on a quadratic polynomial counting argument. I have completely rewritten my own Renko stuff to incorporate this. Chart attached.
As well as the blue/red up/down Renko brick, each brick is colour-coded with a "projected continuation coefficient" (a diamond inside each brick).
If you ignore the colour and up/down...Ignored
DislikedHello Ann,
So we can trade 'diamonds' only??, WOW
Now I see: 'Diamonds are a girls best friend' in a compleet new way........
Regards,
CazIgnored
DislikedHi Everyone
Although I hate it when the markets are closed, at least at the weekend we get some time to THINK REAL HARD, as Our Master would say!!
I am playing with an idea to measure "price continuation likelihood" based on a quadratic polynomial counting argument. I have completely rewritten my own Renko stuff to incorporate this. Chart attached.
As well as the blue/red up/down Renko brick, each brick is colour-coded with a "projected continuation coefficient" (a diamond inside each brick).
If you ignore the colour and up/down...Ignored
DislikedLooks very interesting Anne, is this something that can be shared? Or is this not possible as it is incorporated into Renko?
I only started using Renko charts a few days ago and I am a big fan as I really like the "noise" being filtered out of the charts, it makes mechanical and objective trading much easier.
Thanks
AndyIgnored
DislikedWho trust Edge story??? 1000 winners out of 1000 trades? Something is wrong.............
Ignored
DislikedHi Everyone
Although I hate it when the markets are closed, at least at the weekend we get some time to THINK REAL HARD, as Our Master would say!!
I am playing with an idea to measure "price continuation likelihood" based on a quadratic polynomial counting argument. I have completely rewritten my own Renko stuff to incorporate this. Chart attached.
As well as the blue/red up/down Renko brick, each brick is colour-coded with a "projected continuation coefficient" (a diamond inside each brick).
If you ignore the colour and up/down...Ignored
Disliked...and FXSol's Accucharts package also has Renko charts built in. As always their demo account feeds are free, and it is a cheap way to get Renko if you dont mind using another platform other than MT4 for charting. As a side note, both platforms include TRIX as a standard indicator.Ignored
DislikedHi all....
The problem with the Accucharts also is that you dont seem to be able to overlay an MA on the Renko chart...Ignored
DislikedI'm with FX Solutions and while I like them as a broker, I find their AccuCharts psychotically difficult to learn how to use. Just downloaded AC and did a search .. can't find renko under any name. Do you know how to find it in AC?
I have the proper version from mql services but was curious to check another source for comparison purposes.Ignored
DislikedIt would help in this process if Edge were to, at least, give us the currency pair and the start and finish dates for his simulation. We may assume that he is using a 10 pip Renko brick, but what rules is he using to enter and exit?Ignored
DislikedTaking out the trades where the trix cross is not crystal clear leads to better results...
18 Wins = +180 pips
3 Losses = -60 pips
Total Pips = 120
Accounting for a 2 pip spread:
18 wins = +144 pips
3 losses = -66 pips
Total Pips = 78 pips
I could live with that
Still more work to be done, on a few of the trades there is a 1 renko bar draw down, which if I am thinking correctly could be a -29 pip draw down at max (if a 10 tic renko chart requires 10 pips in price movement to paint, that means if we get an opposite bar we would have covered...Ignored
DislikedI should have caught up on previous posts before posting .. I still can't find the renko option on AC but if you cannot overlay an MA, they are useless anyway.Ignored
DislikedWho trust Edge story??? 1000 winners out of 1000 trades? Something is wrong.............
Ignored
Disliked2) If we see that TRIX is going to cross 0 line...we prepare our plunger...
3) A new renko brick opens and TRIX is over 0 line...we push the plunger!!Ignored
DislikedI don't think you can "know" when it's about to cross. From the few hours I watched Renko charts on Friday there was no price movement like you see with time based charts. Once price moved 10 pips above or below the last high/low, a new bar was painted, and the trix was what it was at that point. There is no movement whatsoever while the price is doing it's thing within the 18 odd pips range before it reaches the 10 needed to paint a new bar.
I never said I was going for 30 pips! Or 15 for that matter. And if you look at the EXCEL that edge...Ignored