HGI

[nanningbob]

Bob, here is a minor request. On the next version, could the Range (vertical) arrows be increased from 0 to 1 in size? They tend to get confused with the RADs being the same color and size. I change the size here but they revert back to 0 when changing time frames.

For what it´s worth, I changed the buffer 8 wavys to Dodger Blue to make them stand out from the buffer 7 gold ones.

Coupled with that, can the next iteration permit more customization regarding arrows and alerts. It is easy enough for me to just blank out particular arrows by CLR_NONE but I cannot turn off particular alerts. In my case I like the alerts for the Big arrows and the wavy lines but not the RAD or other small arrows.

For now I just created a wrapper around your indicator by using iCustom but it would be nice to be able to do it with the indicator.

Will look into both of these requests.

[nanningbob]

In this situation, you've closed all trades due to the latest wavy line then a blue rad appears with no large arrow. Would you get back in when it appears?
Take a long after price moves above the location of the rad?
Wait for a large arrow?

Just want to get some opinions.

The latest signal is the most valid signal. So if Price stalls and you get wavy lines and you then get a rad, the indi is telling you that strength is building again. I picked up the USD/JPY trade today off of the rad signal. I picked up almost 60 pips on two trades today on usd/jpy today.

[nanningbob]

Three days of trading this week totals.

Trades Total: 81
Trades Won: 70 Trades
Trades Lost: 11 Trades

Max Profit: 40 pips
Max Loss: -59 pips

total pips 1645.4 That is over 500 pips a day average.
$851.43

[alorente]

Bob, here is a minor request. On the next version, could the Range (vertical) arrows be increased from 0 to 1 in size? They tend to get confused with the RADs being the same color and size. I change the size here but they revert back to 0 when changing time frames.

For what it´s worth, I changed the buffer 8 wavys to Dodger Blue to make them stand out from the buffer 7 gold ones.

If you are still using an old version that was a problem. The newer versions should no longer do that.

If you go to the tabs when loading the indi. Go to colors and you can change the size of the arrows by changing the width line from 0 to 1. Then save the template and you have it. You can also change the colors too.

Bob, the color change is retained when you load the template, but the thickness reverts to the original code.

I am using the latest version: 14.05

[milanese]

Bob, the color change is retained when you load the template, but the thickness reverts to the original code.

I am using the latest version: 14.05

We will look to make the next version more userfriendly with the different color/alert inputs..

Cheers

Tommaso

[boldtrader]

Boldtrader
My first set up will be Empty4 renko using HGI_14.05. I my retire right then and there. My second act will be to try manual TS using the HGI alerts, they owe me BIG. I'll let you know, the TS will be demo first then live if its any good . I'm hoping with no SL or TP or Auto EA there will be no problems. My renko auto trading at TS has always been VERY spotty due to some of the problems you mentioned. I know a friend who got thrown out of TS because of complaining about their actions, especially on the forums.

I appreciate the input you gave for ATC their spread is great. Their $5000 start up is a bit step AT THIS TIME, also the .05 pip minimum is not great for checking live reactions to a new EA. Can you tell me your experience with tracking the Demo with your live account?

The attached charts:
The 2nd set of charts show the renko 5 pip in the same time frame for TS and MBTrading.
The first set of charts show the HGI-14.05 in action, I put vertical lines to help true them up, I only see one loser, HGI got confused.
.

Thanks for your input

Thanks again HG team

Ray

Ok, I will help you out here.. and offer my trade practices.. Obviously, these may be and are probably different than everyone else here.

I run demo and live, side by side (but on different pc's). My live trading account(s) are on separate pc's from the demo accounts, and all systems are on high speed internet (Comcast). Additionally, I run the same, duplicating the systems which gives me a backup, on separate pc's with a different internet feed (Verizon) for backup. On most occasions, the fills are similar, with maybe a 1/2 pip differential on occasions. I also run on Mobile which is on a third internet feed (TMobile). As I have been told, the quote feed is the same to both demo and live. However, when trading Demo vs Live, the trades go to different servers for clearing (this is the simple version). The fills are close enough for me not to be concerned with any issues.

For testing, I use the demo, with trade size @ .02 / pair / $1,250. Example: Assume $50,000 equity and I am trading 20 pairs. I divide the 20 pairs into the $50,000 account equity. This gives me $2,500 available equity per pair. I then divide that in half, for $1,250.00 equity available for trading on each pair.
Reason for the second divide is to keep margin limits in control and to provide additional safety.

I then configure my risk at 5% per equity allocation per pair of the adjusted equity.
Example: $1,250 x 5% = $62.50 This is where you have to decide if you are willing to lose $62.50 per pair x 20 pairs. I make the assumption that all hell will break loose and all pairs will lose. So that is $62.50 x 20 = $1,250 or 2.50% of the total equity. Yes, I can live with that risk level.

This allows me to adjust the lot size allocation per pair. Thus typically, I can trade 0.02 lot size per pair with very few stop outs (by the way, I rarely use stops or they are so far out of the market / dealer range to not be a concern. I will configure them to my risk level per pair). As the position increases in equity, I add to the position, typically every 21-34-55 pips (notice the fib sequence? hehehe) . Very easy to grab 50, 100, 300, 500, even +1000 pips using small lot size. I can sleep at night and do not have to be tied to computer. Risk is spread over a diverse selection of pairs and trades.

I let the demo system EA prove itself, or not, before running on live accounts.

The above formula has worked for me for many years. I just simply adjust it by the number of pairs traded and the total amount of equity.

Hope this helps..

Cheers

BT


ps... The problem with Renko is when the markets go sideways.. it will chew up an account. and considering that markets only trend about 23% of the time, does not make Renko a favorable chart option for me. I have been there, done that.. history looks great, like any other chart.. real life practice is another issue.

[Gertje]

Three days of trading this week totals.

Trades Total: 81
Trades Won: 70 Trades
Trades Lost: 11 Trades

Max Profit: 40 pips
Max Loss: -59 pips

total pips 1645.4 That is over 500 pips a day average.
$851.43

Impressive.
Whenever I go on holiday, it COSTS me money......

Enjoy Spain tomorrow!

[seanyd]

I am having a problem with the indicator , maybe its just on the 15min and 1 hr but this happened today

Any advice ?

Screenshot (518).png

[John]

I would be remiss if I didn't express my gratitude to Bob, Steve, et al.

I believe that HGI is essentially the equivalent of YEARS of accumulated knowledge in Calculus, Physics, Chemistry and World History... re-packaged in an activity book for preschoolers... Simply STUNNING work.

Bob, for your great effort, you can expect to see a share of my profits in the upcoming year make their way to your charitable cause.

Steve, for your ability to moderate a venue whereby the greatest minds in retail forex have ever congregated, you can expect I will contribute to your pocket as well.

An enthusiastic tip of the hat to you, Bob and Steve, and all of you who had a hand in this unprecedented work of art. Literally, the Sistine Chapel of forex software if there ever was.

Thank you.

[alorente]

I am having a problem with the indicator , maybe its just on the 15min and 1 hr but this happened today

Any advice ?

Why did it stop you from entering? Anything to the left of the current candle is history and no longer valid. You could have entered when the Green Range arrow appeared.