Hi, Have not had any problem with this indi at all on a couple of different builds. If you are trying to do initial setup with market closed you might need a tick generator - several are available on this site. I did setups with market open so can't ...

TMS Renko Variant

looking good, 'got to go and get kids etc now and am closing mt4 down for the day. will watch to see how your's pans out, good luck! GD

TMS Renko Variant

Nice thought, thanks for the comment, I am also playing with 5 pip renko using the same setup, for the last couple of days I haven't pursued it though as it pings alerts too often and interferes with my other work, I plan to have a better look next ...

TMS Renko Variant

here's one I made earlier,,,

TMS Renko Variant

This one was disappointing,

TMS Renko Variant

this one was late in and early out, still got a bit though,

TMS Renko Variant

here's another that I bottled out of with a very short tp

TMS Renko Variant

Here's one from this morning, 'could have got more but got some!

TMS Renko Variant

Thanks for your comment, I also noted the entry on Renko is often a bit 'slow' compared to TMS - somewhere a rule will have to break or be adjusted I think, not sure where yet though, either it's a late entry by TMS standards or an early one by ...

TMS Renko Variant

History so far,, I have had a fairly stable system running on 10pip Renko now for about a week using the barest set of indicators as above. It looks profitable so far but there is not enough data yet and also I have tweaked the system a bit ...

TMS Renko Variant

So how does it work? The TMS system indicates a (long) trade when the green line crosses up through the red, ideally this cross occurs above the yellow and also above the 50 line, however you have to use trader discretion with this according to the ...

TMS Renko Variant

Here are some indicators and a template. AAA RenkoLiveChart_v3.3x2.ex4 is an EA and goes on a bare M5 chart. There are many Renko indi's out there and some work better than others, this one is well written and allows me to have 3 different MT4's ...

TMS Renko Variant

damn, forgot the screenie.

TMS Renko Variant

Because this is a trend following system I use a multi chart setup with Heiken Ashi candles to decide which pairs I will trade for the session, I then set them up in MT4

TMS Renko Variant

Here's the first screenie, renko bricks are 10pip, this seems to work nicely in a trending market, and with several pairs. I am using the TDI indicator with default settings from TMS I have the FF calendar in the corner for news. I also use renko ...

TMS Renko Variant

Thank you for you comment, I take your point and probably should have been more detailed, I'm not looking to fill the thread up with this though so I'll see if I get any other comments and see where it goes, if anywhere.

Trading Made Simple

Recently I've been looking at some variations on the TMS system, the system works as it is but I can't help but to meddle with things, over the past couple of weeks I've been playing with Renko bricks instead of Heiken Ashi, in all other respects ...

Trading Made Simple

Hi there Landline thanks for the comment, I think I was just being indecisive, which for me is often a clue to make my tp and sl quite conservative as if I'm not confident about the trade maybe something's not right,,,,, we shall see how it goes.

Trading Made Simple

Here's a couple I just opened, very unsure of tp on USDJPY, 'have to see how it goes, USDCHF is tidy under large round number for sl. but not sure where tp is as it's counter trend (according to my rules) and quite spiky. Edit: I was going to open ...

Trading Made Simple