Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Millionaire in 10 weeks & Conversation with broker
@wldman, really wish you wouldn't leave Dan, a lot of people here respect you, myself included... but yeah, this thread has certainly been a big train wreck, difficult to look away LOL.
I concur with your thinking to a certain degree... the click bait title, the sheer immature behaviour and arrogance displayed in some of the posts (and not necessarily by the OP) smacks of something I'd expect to see on Forex Factory or the like. It's a bit surprising to encounter something like this on FIO.
That said, I think any noobs reading these pages are going to at least have an inkling of an idea that all may not be well with the idea of an indicator leading the way in making trade decisions, so from that standpoint it has been an educational thread which I believe is what @Big Mike is trying to accomplish here by letting it run.
Merlin, I appreciate your tenacity and anti-establishment attitude. I just hope you know that most of the people that are disagreeing with you are actually trying to help; we all tend to look out for each other here. Your theory is possible on paper; I'm interested to see what shakes down when you get to the nitty gritty of actually trading it. I'm not one to pass judgement but I'm sure you won't be surprised if there are a few bumps in the road along the way. Good luck.
lol don't take this the wrong way but the picture you paint of your self is of a sarcastic child,
I think if you would take 1 step back and see that there are a large group of people who most likely have been millionaires for a long long time trying to help you out/ bring you back to reality ... you would have a different approach.
and any testing done in renko isnt accurate, when i first got into trading a guy I worked with and I came up with a similar renko D/T & D/B strategy and thought we hit the gold mine we tested years or data and it was amazing the amount of money we SIM made but when we put a small account live it was torn to pieces because of the inaccurate bars.
now if this was any other forum i can assure you the shit storm you think you are currently getting would be 1000x times worse.
but I wish you the best of luck and if you do make it work, I've got some cash for ya and I know a bunch of other people do to lol
-P
"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
First of all, I apologize for all the harsh comments you are getting from your own community, as a forum admin myself I know it must be hard to hear, I didn't want this to happen to you.
Let me know if you can handle the heat or not and I will gladly leave your forum if it comes to a point where your own crew turns against you.
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...
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.
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.
Wldman. Seriously? I cannot believe this thread impacted you so hard. Stop talking about the people from yesteryear. Who cares....I dont. You have a huge opportunity to step up and become one of the legends here. So what if a small percentage wont listen or is rude or whatever, that is no reason to get emotional! Your voice will still be heard and I would go as far as to say that it is your duty to respond to all that is wrong with this thread. I am honestly surprised that you instead choose to put such elementary obstacles in your way. You are denying yourself the opportunity to mentor and share your many years of knowledge, but even worse is that you will be denying the many other authentic and credible users of this site an opoprtunity to be mentored and to learn from your experience.
Suck it up buttercup. You are needed here. If you choose to go silent and walk away then you are turning your back on this community.
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
