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Millionaire in 10 weeks & Conversation with broker

  #219 (permalink)

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MerlinWorld View Post
I have to admit that you are right about Renko but I haven't backtest with those yet, that's part of the tests we will do when the indicator will be ready.

But let me ask you, was the results THAT FAR OFF?

Because if you take a look at the screenshots I made a couple days ago, YOU CAN turn off the creating of those "fake/phantom bars" by clicking here...

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Also, as you can see in my 3 ticks high Renko bars chart, there are NOT A LOT of those fake bars in a chart so it's hard to believe that they will skew the results that badly but again, I don't know for sure and will find out soon.

In this chart below, by removing those fake bars, only 2 little tiny Renko bars were removed.

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Btw, if the results turn to shit, I can always turn to Kase bars who have been proven to run fine in backtests and as you can see in these 2 screenshots below, the top one is the double tops on the renko chart and the bottom one is the same double tops on a Kase chart so I would have caught them anyway on both Renko or Kase charts.

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I cant comment on the kase bars I use ticks and in my mind ticks rules everything else is garbage but thats me.
The renkos arent showing the true range the russell can whip around especially on the open I pulled a similar renko chart and i was missing 7 ticks of range on my support/resistant areas.

I know there is a better range bar or something like that, that has gotten a lot of praise around here maybe look at that

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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