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UniRenko, Universal Renko Bar Type
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UniRenko, Universal Renko Bar Type

  #421 (permalink)
Market Wizard
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Leo123 View Post
Thanks, which indicators do you use?


Leo

I use AltoGomMP and Cumulative Delta and SMI with either the 20/55 EMA or 20/89 EMA just to keep my perspective. I put the 200 EMA on the 60 min chart. That came in real handy on Friday.

I also use the VWAP bands indicator, weekly setting on 30/60/240 min chart or daily setting on 512 tick or unirenko chart.

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  #422 (permalink)
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lemons View Post
Why do you need triple filter ?
Triple filter don't show real price.
If you keep offset and trend bar to 1 tick and
change only reversal bar then you can see real price moves.

https://futures.io/elite-trading-journals/34520-lemons-50-000-continuous-combine-6.html#post475411

I am not using this as a triple filter. I use a double filter, the 5-20-10 with the 5-10-1. I use the 8-16-8 sometimes just because I like the way it flows. I will have to look more at the line on price setting, I am sure I will use that in another chart now to just trade consolidation breakouts. Which, could be a trading strategy in itself. Great suggestion, thank you.

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  #423 (permalink)
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jlwade123 View Post
I use AltoGomMP and Cumulative Delta and SMI with either the 20/55 EMA or 20/89 EMA just to keep my perspective. I put the 200 EMA on the 60 min chart. That came in real handy on Friday.

I also use the VWAP bands indicator, weekly setting on 30/60/240 min chart or daily setting on 512 tick or unirenko chart.

thanks

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  #424 (permalink)
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lemons View Post
You can't filter out all chop/fake reversal bars.
But bigger the reversal bar less " fake " reversal bars.
I think if you get 7 of 10 or 8 of 10 " correct " reversal bars then its good enough.

But its up to you how many failed bars are okey for you.

Sounds good...

Which settings on the unirenko do you use?

What is your S/L, target (last swing?)?

do you enter on a market order at close of reversal bar?

Thanks

Leo

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  #425 (permalink)
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Leo123 View Post
Sounds good...

Which settings on the unirenko do you use?

What is your S/L, target (last swing?)?

do you enter on a market order at close of reversal bar?

Thanks

Leo

I use flexrenko but it similar as unirenko.

Again its up to you how big reversal bar to use.
Squeeze max bars on chart and start to change reversal bar length + 1 tick
till you see clean and logical swings on chart.

Stop loss couple of ticks above/below swing and target last swing.

For entry I use buy / sell stop. I have indicator that shows reversal bar close.
I work the order and trace the reversal close bar price

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  #426 (permalink)
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Back test

When using unirenko bars results for back tests and replays for the same period of time are very different . Since unirenko dont have a fix values should we use higher slippage when back testing . So for 2-4-12 setting the slippage = 4 or 5. Its very important for a automated strategy testing . What is your opinion guys.


Last edited by options; April 5th, 2015 at 04:00 PM.
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  #427 (permalink)
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options View Post
When using unirenko bars results for back tests and replays for the same period of time are very different . Since unirenko dont have a fix values should we use higher slippage when back testing . So for 2-4-12 setting the slippage = 4 or 5. Its very important for a automated strategy testing . What is your opinion guys.

If you use offset and trendbar to 1 tick then it shoud do the trick.

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  #428 (permalink)
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lemons View Post
I use flexrenko but it similar as unirenko.

Again its up to you how big reversal bar to use.
Squeeze max bars on chart and start to change reversal bar length + 1 tick
till you see clean and logical swings on chart.

Stop loss couple of ticks above/below swing and target last swing.

For entry I use buy / sell stop. I have indicator that shows reversal bar close.
I work the order and trace the reversal close bar price

Using the same way of Trading plan on CL

VINOD. RPS

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  #429 (permalink)
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lemons View Post
If you use offset and trendbar to 1 tick then it shoud do the trick.

We can have offset = 1 tick but its doesnt make sense to have trend 1 tick .

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  #430 (permalink)
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options View Post
We can have offset = 1 tick but its doesnt make sense to have trend 1 tick .

It makes lot of sens.
Play only with reversal bar length.

Reversal bar is the bar that takes noise out.

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