Mr.Nims, Renko Ashi Scalping System. - page 5

To add comments, please log in or register
bnbb2004
270
bnbb2004  

No 2 min. chart in Interbankfx

lordsfxt:
read the text file on the 3rd post of the topic. here https://www.mql5.com/en/forum/179557 all detail in that how to setup and yes it work on all mt4.

I don't see the 2 minute chart when I select open chart offline in Interbankfx (only 1m, 5m, 15m, etc). Could someone please help me with this part? Is it necessary to choose 2m or could another 1m chart (offline) be used? Also, which brokers offer 2m charts? TIA!

bnbb2004
270
bnbb2004  
lordsfxt:
I use the default setting for HA with the alerts enabled, however i am not using the LSMA indicator, there's a better one called XPMA (cant attach because of forum, but you can do a search to find it in fxtsd) and use period 4 for the xpma. So i wait on xpma and heiken ashi both to match in same direction and get in the trade

Lordsfxt,

There are 2 periods listed in the xpma indicator I found. Did you change MA_Period to 4 or the Step_Period to 4?

The defaults for this indicator is:

MA_Period = 24

Step_Period = 4

Files:
xpma.mq4 11 kb
generousforex
371
generousforex  

No no no..

Open a 1 minute chart of the pair you want to use, ie EurUsd

attach renko script to the chart. This will create a new 2M offline

chart in your mt4.

Close your 1min chart and then re-open and attach the

renko script, this time as an ea. You dont HAVE to do this

step, I just recommend it..it has provided for much smoother

renko script performance. All you have to do is have your

renko script in your ea folder (indicators root folder) and the

script folder. Add it as a script first...then close the chart,

re=open and add it to the chart as though its an ea.

Either way when you attach the renko script you set the pip size

5 10 20 100, etc.. we are setting it at 10 for most pairs.

Leave the 1 min chart open always and then go to file

and open offline and select the pair you just created the 2 min

chart on, then you can load the template on that 2 Min chart.

Hope it helps..

GF

bnbb2004:
Lordsfxt,

There are 2 periods listed in the xpma indicator I found. Did you change MA_Period to 4 or the Step_Period to 4?

The defaults for this indicator is:

MA_Period = 24

Step_Period = 4
generousforex
371
generousforex  

JUst one more lordsfxt

Do you wait till the bar of the color change closes before you enter?

Ie GBP/USD has just alerted to HA red, do you check conditions and

if they meet enter right away, even beore that renko bar closes

or do you wait and enter on the open of the next bar?

I have been doing the second and wondering what your

process is now.

thanks!

Brian

lordsfxt:
read the text file on the 3rd post of the topic. here https://www.mql5.com/en/forum/179557 all detail in that how to setup and yes it work on all mt4.
bnbb2004
270
bnbb2004  
generousforex:
Open a 1 minute chart of the pair you want to use, ie EurUsd

attach renko script to the chart. This will create a new 2M offline

chart in your mt4.

Close your 1min chart and then re-open and attach the

renko script, this time as an ea. You dont HAVE to do this

step, I just recommend it..it has provided for much smoother

renko script performance. All you have to do is have your

renko script in your ea folder (indicators root folder) and the

script folder. Add it as a script first...then close the chart,

re=open and add it to the chart as though its an ea.

Either way when you attach the renko script you set the pip size

5 10 20 100, etc.. we are setting it at 10 for most pairs.

Leave the 1 min chart open always and then go to file

and open offline and select the pair you just created the 2 min

chart on, then you can load the template on that 2 Min chart.

Hope it helps..

GF

Thanks for the explanation GF! But I have a quick question for you:

1. How/Where do you change the pip size on the renko script to 10?

-The renko script only shows:

Bars Range

Max Bars

Time Frame

bnbb2004
270
bnbb2004  

Changing renko from 5 to 10 pipbox

lordsfxt:
I changed the renko from 5pip box to 10pip box for eurusd, gbpusd, eurjpy, usdjpy & change the box to 20pip box for gbpjpy, it works fantastic just these 5 pairs. I have made 190pip even today. great stuff

Lordsfxt or anyone,

Could you please tell me how to change the renko from 5 to 10 pipbox? Also, are the offlinecharts the only ones we are concerned with after opening both charts and placing everything in the folders? Thx!

bnbb2004
270
bnbb2004  
criss73:
lordsfxt would you make those changes in the renko script? And, if so, would that be under "bar range"? thanks

Good question as I'm getting the same thing...

generousforex
371
generousforex  

Renko

Max bars are the number of bars from history, enter a very large

number, start at 40,000 and see how it works for your system

range is the one you enter 10 for 10 tic renko

GF

bnbb2004:
Good question as I'm getting the same thing...
bnbb2004
270
bnbb2004  
generousforex:
Max bars are the number of bars from history, enter a very large

number, start at 40,000 and see how it works for your system

range is the one you enter 10 for 10 tic renko

GF

GF,

So where it say bars range = 5 (in the renko script), do we change that to 10 for pip size? Sorry, I'm still a little confused abt that part. Also, it says 5 digit broker detected - rescale range bars? Should I chose yes or no?

Thanks for your patience and help! :-)

generousforex
371
generousforex  

Yes

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

bnbb2004:
GF,

So where it say bars range = 5 (in the renko script), do we change that to 10 for pip size? Sorry, I'm still a little confused abt that part. Also, it says 5 digit broker detected - rescale range bars? Should I chose yes or no?

Thanks for your patience and help! :-)
To add comments, please log in or register