No 2 min. chart in Interbankfx
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!
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
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..
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 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:
Changing renko from 5 to 10 pipbox
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!
Good question as I'm getting the same thing...
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
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! :-)
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.