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Dynobars.


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Dynobars.

 
 
kcrawford's Avatar
 kcrawford 
Honolulu, HI/USA
 
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Anyone have any experience with this guy? Mark Wentz is his name, trying to pass off his charts as Prop-trading Software.

Just looks like two different versions of modified renko bars with heiken-ashi one one. Let me know what you think:

https://www.dynotrading.com

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 DavidHP 
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kcrawford View Post
Anyone have any experience with this guy? Mark Wentz is his name, trying to pass off his charts as Prop-trading Software.

Just looks like two different versions of modified renko bars with heiken-ashi one one. Let me know what you think:

https://www.dynotrading.com

Snake oil salesman.

The bars are a type of "Line Break Bars"
There is a version of them in the download section here on Futures.io



It looks like he has them set to a large break number (maybe 15)

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kcrawford's Avatar
 kcrawford 
Honolulu, HI/USA
 
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Wow, that is awesome! Thanks.

Am I correct though in his 'second step' is a heiken-ashi/renko combo? That he draws his trendlines on to enter trades? I was thinking of programming a back test for something like this...but they actually don't let you demo the software at all.

Might as well just make my own, huh?

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 phantomtrader 
Reno, Nevada
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The "Dyno" bars are nothing more than the universal renko bars set to approximately 1, 150, 15. If you set it up in replay and watch what's really going on, you would see that it's a big time loser.

First, measure the width of those bars. The large spikes are about 30-40 pts.
Second, analyze the timing.

In the example attached, which is May 5, 2019, NQ, the big spike closes at 7:03 AM PST. The run up is about 11 minutes, at which point you have to know to get out. Why? Because it's going right back down in a nano second and you're on the downhill side of the roller coaster.

Meanwhile, when you're actually in the trade, you better have some Pepto handy because you're going to be rockin' and rollin' on the NQ like a yo-yo.

I came across that guy on YouTube. The jpg is of a model from HeadShots in NYC. I can guarantee that his "software" will take you for a wild ride up and down volatility until you realize that the whole setup is ridiculous.
I marked up the screenshot with my analysis.

My suggestion to you is that when you see something like this, try to reverse engineer it. You have a wealth of information on this website. Everything Dyno man does can be reproduced with the ton of information right here.
You should be able to figure this out for yourself. Reverse engineering will also keep you out of a lot of crap like this jerk is attempting to sell.



Link to his 600 tick day:

 
 pquirst 
Toledo,OH,United States
 
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Are those renko bars of sort just with heiken ashi also

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 lolu 
Lagos, Nigeria
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phantomtrader View Post
The "Dyno" bars are nothing more than the universal renko bars set to approximately 1, 150, 15. If you set it up in replay and watch what's really going on, you would see that it's a big time loser.

First, measure the width of those bars. The large spikes are about 30-40 pts.
Second, analyze the timing.

In the example attached, which is May 5, 2019, NQ, the big spike closes at 7:03 AM PST. The run up is about 11 minutes, at which point you have to know to get out. Why? Because it's going right back down in a nano second and you're on the downhill side of the roller coaster.

Meanwhile, when you're actually in the trade, you better have some Pepto handy because you're going to be rockin' and rollin' on the NQ like a yo-yo.

I came across that guy on YouTube. The jpg is of a model from HeadShots in NYC. I can guarantee that his "software" will take you for a wild ride up and down volatility until you realize that the whole setup is ridiculous.
I marked up the screenshot with my analysis.

My suggestion to you is that when you see something like this, try to reverse engineer it. You have a wealth of information on this website. Everything Dyno man does can be reproduced with the ton of information right here.
You should be able to figure this out for yourself. Reverse engineering will also keep you out of a lot of crap like this jerk is attempting to sell.



Link to his 600 tick day:

The 1, 150, 15 UniversalRenko settings do not match the DynoBars at all. Maybe, some other settings can do the trick.

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lolu's Avatar
 lolu 
Lagos, Nigeria
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A big difference !!!



... and this from DynoTrading site

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 phantomtrader 
Reno, Nevada
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lolu View Post
A big difference !!!



... and this from DynoTrading site

Let me know when you make $4254 in a live account using those bars. Thanks.

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lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
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Thanks Received: 1,678


Did I say I use it to trade ... No, no, no .... and the DynoBars chart I posted is on DynoTrading website ... go and see it there.

I'm just highlighting the difference between the two charts so that members here don't get confused or misinformed ... PERIOD.

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Last Updated on August 5, 2020


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