precision_trader

Here are all files with screenshots and explanations. I'll answer to all further questions.
 
http://www.box.net/shared/4i7p8zkpk3xstkm1aoj3
 
 
 
http://i1234.photobucket.com/albums/ff415/roccoprc/Actual.png

That is it. And you should add megatrend indicator to trade powerfully. You can find megatrend indi in this forum. Set for this indi: period: 15; method: 3; price: 0. That is all I contribute to our forum. Hope all trading well.

Yes, I second to that. Please keep the sharing spirit up ad we will all be benefit.
 
Donation is the way to go and I believe more and more people will be interested in this and donate more and more until you become super rich..
 
Thanks.

Copy: Many of us have been a member here at Indo forum. Many have contributed a lot and some have contributed a few. But the majority get benefited and that is how this forum survives and thrives. you have done something wonderful with power levels. but most of us have missed the bus in creating the account within the time limit you had specified. Why dont you open the free registration one more time for the benefit of those who did not manage to get an account first time? I just don't want to see this this to be a thing for specific people. After all Indo forum itself is wide open. Everything (including multi thousand dollars systems and programs) is shared here for FREE. I am sure you are benefited by this more than once. Or you could make it available for free and have a donation button as another member suggested. This will allow everyone to benefit and allow you to get money from those who are interested to donate. just my 2 cents. btw, i created a 14 day trial ac in your website. user name is agni123

============================================
 
Hello 4xmeter,
 
Please do not use xxxxx languages.
 
We are here to learn and help each other to be a better FX trader, not to attack each other. If you do not like certain trading method or charting scheme, then just ignore them and don't bother to criticize them. Every trading scheme or charting method has merits and disadvantages: there is no such thing as a perfect system or trading strategy. Our job is to study and research them and combine them to make them as perfect as possible. Isn't that the main purpose of this great II Forum?
 
If you do not like Renko chart, then just ignore it. You do not have to curse somebody else who found Renko chart working for them. Just like somebody will never trade anything lower than 1 hour timeframe, considering them to be nothing but noise. However, some other people will always trade the 1 minute and 5 minute charts for quick scalping, considering higher timeframes too slow, can't stand the draw-downs. And, strangely, both methods will make people rich as well as blowing people's accounts. The key to success is you have to be good at what you are comfortable with, and practice and practice and practice and practice until you got bored to death and can do it in your dream. There is no holy grail and quick way to Forex Success. It will take years of practice and tough mental training to become one of the best. So let's be nice to each other and learn and help together to be a goog trader.
 
Thanks and Regards, PEACE !!!!

============================================
 
Hello 4xmeter,
 
Please do not use xxxxx languages.
 
We are here to learn and help each other to be a better FX trader, not to attack each other. If you do not like certain trading method or charting scheme, then just ignore them and don't bother to criticize them. Every trading scheme or charting method has merits and disadvantages: there is no such thing as a perfect system or trading strategy. Our job is to study and research them and combine them to make them as perfect as possible. Isn't that the main purpose of this great II Forum?
 
If you do not like Renko chart, then just ignore it. You do not have to curse somebody else who found Renko chart working for them. Just like somebody will never trade anything lower than 1 hour timeframe, considering them to be nothing but noise. However, some other people will always trade the 1 minute and 5 minute charts for quick scalping, considering higher timeframes too slow, can't stand the draw-downs. And, strangely, both methods will make people rich as well as blowing people's accounts. The key to success is you have to be good at what you are comfortable with, and practice and practice and practice and practice until you got bored to death and can do it in your dream. There is no holy grail and quick way to Forex Success. It will take years of practice and tough mental training to become one of the best. So let's be nice to each other and learn and help together to be a goog trader.
 
Thanks and Regards, PEACE !!!!

===================================
 
 
Also, in order to eliminate false signals and choppy conditions, remember to always use the highly correlated pairs to confirm the trade. especially for Renko charts and the Range charts. They are very good at spotting the correlations among highly correlated pairs.
 
For example, if you trade EURUSD, you should also use the Range bar charts of GBPUSD and AUDUSD side by side for confirmation. All these three pairs are highly correlated and especially for Range bar charts, they should have the similar Range bar shapes, eliminating much noise of time-based charts.
 
So, only take the signals when all three correlated pairs have the similar trend/signal. In doing so, you should be able to eliminate a lot of false signals and avoid tons of choppy conditions.
 
Hope this helps. You can also use the inverse correlated pairs like USDCHF for confirmation, etc. A lot of screen time is needed to get a good feeling of avoiding choppy conditions eliminating false signals.
 
Also, if possible, try to trade only the Europe session and USA session when the liquidity and volatility are ample.

Great tool. But it would be nice to have a filter for high impact economic events; but can make it to work with Forex Factory calendar. Thanks Aroman for sharing.

===================================
 
 
Also, in order to eliminate false signals and choppy conditions, remember to always use the highly correlated pairs to confirm the trade. especially for Renko charts and the Range charts. They are very good at spotting the correlations among highly correlated pairs.
 
For example, if you trade EURUSD, you should also use the Range bar charts of GBPUSD and AUDUSD side by side for confirmation. All these three pairs are highly correlated and especially for Range bar charts, they should have the similar Range bar shapes, eliminating much noise of time-based charts.
 
So, only take the signals when all three correlated pairs have the similar trend/signal. In doing so, you should be able to eliminate a lot of false signals and avoid tons of choppy conditions.
 
Hope this helps. You can also use the inverse correlated pairs like USDCHF for confirmation, etc. A lot of screen time is needed to get a good feeling of avoiding choppy conditions eliminating false signals.
 
Also, if possible, try to trade only the Europe session and USA session when the liquidity and volatility are ample.

========================================
 
If the chart is the regular time-based chart, then you can use a higher time-frame to determine the main trend and only trade the lower time-frame in accordance with the higher time-frame.
 
In a non time-based system, like Range bar or Renko chart, you may want to use a 20-pips range bar (or higher) chart to determine your trend. I don't know this will work, but, put two range bar charts side by side: one with 10-pips range bar, and another with 20-pips range bar (or higher. may be 30-pips) and see what happens....
 
In addition, try to use a good "currency strength meter", to only trade two currencies with the biggest strength difference: i.e. Strongest currency paired with the weakest currency, which will eliminate all kinds of choppy conditions.

============================================
 
Hello 4xmeter,
 
Please do not use xxxxx languages.
 
We are here to learn and help each other to be a better FX trader, not to attack each other. If you do not like certain trading method or charting scheme, then just ignore them and don't bother to criticize them. Every trading scheme or charting method has merits and disadvantages: there is no such thing as a perfect system or trading strategy. Our job is to study and research them and combine them to make them as perfect as possible. Isn't that the main purpose of this great II Forum?
 
If you do not like Renko chart, then just ignore it. You do not have to curse somebody else who found Renko chart working for them. Just like somebody will never trade anything lower than 1 hour timeframe, considering them to be nothing but noise. However, some other people will always trade the 1 minute and 5 minute charts for quick scalping, considering higher timeframes too slow, can't stand the draw-downs. And, strangely, both methods will make people rich as well as blowing people's accounts. The key to success is you have to be good at what you are comfortable with, and practice and practice and practice and practice until you got bored to death and can do it in your dream. There is no holy grail and quick way to Forex Success. It will take years of practice and tough mental training to become one of the best. So let's be nice to each other and learn and help together to be a goog trader.
 
Thanks and Regards, PEACE !!!!

============================================
 
Hi FxEasy5:
 
You may be able to find your answer on the below thread:
 
http://www.forex-tsd.com/tools-utilities/24715-difference-between-range-bars-renko-bars.html
 
 
"""""The range bar measures a set range of price movements and when that range is met the bar prints. A renko bar does the same except the range has to be all in one direction for the bar to print. So with a 10 tick renko bar the range has to be all up or all down for it to print
 
Ex: A 10 tick range bar could open at 100.00 and have 5 ticks up to 100.05 and 5 ticks down to 99.95 and the bar would print. A 10 tick renko bar would have to have 10 ticks up to 100.10 or 10 ticks down to 99.90 before it would print.
 
Got it? I hope so it exhausted me explaining it.
 
So the benefits to both are when price moves quickly the bars start printing. We need the bars to print in order for our indicators to, well, indicate. It may be a shock for some but all our indicators are lagging. Sorry. They need the price bars to move in order for them to do their "magic"."""""""":
 
 
"""""the difference between range and renko is like the difference between blonds and brunettes....o'h wait there is price bars!..I guess those will be the redheads...."""""""
 
Hope the above thread helps..
 
 
PEACE !!!!

I have just uploaded the following eBook about all trading strategies using the Price-Based charts:
 
"Sentiment Indicators - Renko, Price Break, Kagi, Point and Figure"
 
You may find this book very useful when compare different price-based charts and their merits.
 
http://www.mediafire.com/file/i5j1qq21wp7oga9/Sentiment%20Indicators%20-%20Renko%2C%20Price%20Break%2C%20Kagi%2C%20Point%20and%20Figure.pdf
 
 
or
 
http://www.mediafire.com/?i5j1qq21wp7oga9
 
 
Enjoy and make more PIPS.... PEACE !!!

Hi Diesel 10,
 
The below training video presents an alternative strategy based on the constant Range bar chart as you provided; this strategy is a counter-trend strategy which is exactly the opposite of your trend-following strategy. But, it can be easily converted into a trend-following strategy. It is worth a look.
 
Also, this training video strategy is using the eMINI S&P futures contract as an example with TradeStation easy language as a trading platform; but it should be easily programmed in MT4 mql.
 
The Range Bar mentioned in the video is a 1 point range bar, which is 4-tick worth $50 dollar per point in ES (S&P eMINI).
 
http://www.traderkingdom.com/trading-tools-archived-webinars/2154-trading-indicator-recorded-webinar-scalping-strategy--codes-and-formulas-revealed
 
The video also illustrated the different performance results between a 1-point range bar (price-base) chart and a 5-minute chart. The comparison between the two for this particular counter-trend strategy is like heaven and earth. The range-bar based chart out-performed the 5-minute bar chart by a mile. Very interesting results, indeed.
 
Enjoy.. PEACE!!!

============================================
 
Hi FxEasy5:
 
You may be able to find your answer on the below thread:
 
http://www.forex-tsd.com/tools-utilities/24715-difference-between-range-bars-renko-bars.html
 
 
"""""The range bar measures a set range of price movements and when that range is met the bar prints. A renko bar does the same except the range has to be all in one direction for the bar to print. So with a 10 tick renko bar the range has to be all up or all down for it to print
 
Ex: A 10 tick range bar could open at 100.00 and have 5 ticks up to 100.05 and 5 ticks down to 99.95 and the bar would print. A 10 tick renko bar would have to have 10 ticks up to 100.10 or 10 ticks down to 99.90 before it would print.
 
Got it? I hope so it exhausted me explaining it.
 
So the benefits to both are when price moves quickly the bars start printing. We need the bars to print in order for our indicators to, well, indicate. It may be a shock for some but all our indicators are lagging. Sorry. They need the price bars to move in order for them to do their "magic"."""""""":
 
 
"""""the difference between range and renko is like the difference between blonds and brunettes....o'h wait there is price bars!..I guess those will be the redheads...."""""""
 
Hope the above thread helps..
 
 
PEACE !!!!

============================================
 
Hello 4xmeter,
 
Please do not use xxxxx languages.
 
We are here to learn and help each other to be a better FX trader, not to attack each other. If you do not like certain trading method or charting scheme, then just ignore them and don't bother to criticize them. Every trading scheme or charting method has merits and disadvantages: there is no such thing as a perfect system or trading strategy. Our job is to study and research them and combine them to make them as perfect as possible. Isn't that the main purpose of this great II Forum?
 
If you do not like Renko chart, then just ignore it. You do not have to curse somebody else who found Renko chart working for them. Just like somebody will never trade anything lower than 1 hour timeframe, considering them to be nothing but noise. However, some other people will always trade the 1 minute and 5 minute charts for quick scalping, considering higher timeframes too slow, can't stand the draw-downs. And, strangely, both methods will make people rich as well as blowing people's accounts. The key to success is you have to be good at what you are comfortable with, and practice and practice and practice and practice until you got bored to death and can do it in your dream. There is no holy grail and quick way to Forex Success. It will take years of practice and tough mental training to become one of the best. So let's be nice to each other and learn and help together to be a goog trader.
 
Thanks and Regards, PEACE !!!!

========================================
 
If the chart is the regular time-based chart, then you can use a higher time-frame to determine the main trend and only trade the lower time-frame in accordance with the higher time-frame.
 
In a non time-based system, like Range bar or Renko chart, you may want to use a 20-pips range bar (or higher) chart to determine your trend. I don't know this will work, but, put two range bar charts side by side: one with 10-pips range bar, and another with 20-pips range bar (or higher. may be 30-pips) and see what happens....
 
In addition, try to use a good "currency strength meter", to only trade two currencies with the biggest strength difference: i.e. Strongest currency paired with the weakest currency, which will eliminate all kinds of choppy conditions.

===================================
 
 
Also, in order to eliminate false signals and choppy conditions, remember to always use the highly correlated pairs to confirm the trade. especially for Renko charts and the Range charts. They are very good at spotting the correlations among highly correlated pairs.
 
For example, if you trade EURUSD, you should also use the Range bar charts of GBPUSD and AUDUSD side by side for confirmation. All these three pairs are highly correlated and especially for Range bar charts, they should have the similar Range bar shapes, eliminating much noise of time-based charts.
 
So, only take the signals when all three correlated pairs have the similar trend/signal. In doing so, you should be able to eliminate a lot of false signals and avoid tons of choppy conditions.
 
Hope this helps. You can also use the inverse correlated pairs like USDCHF for confirmation, etc. A lot of screen time is needed to get a good feeling of avoiding choppy conditions eliminating false signals.
 
Also, if possible, try to trade only the Europe session and USA session when the liquidity and volatility are ample.

Yes you are off about almost all of that. The system does not wait for any confirmation of a reversal. It does not make an entry at a particular wave and can take entries at many different ones depending on the formation. It makes the entry at one of the early retracements of a reversal, not at a pullback off the running trend.
 
If you want to define the terms differently you may but since it is called Super Trades At Retrace then that is the terminology that is used in the system. Like your comparison to elliott wavers that cannot agree I would not hope to necessarily find agreement on whether a pullback or retracement are different or the same depending on the person I was talking to.
 
This is definitely not a trend following system by the most commonly used terminology in trading. That would imply that you were looking to enter at the end of a correction to rejoin an existing and VERY well established trend, not a risky (to trend followers) wave 2 ending (start of wave 3 as you put it). Trend followers would still be betting on the former trend's continuance at that early stage.
 
Since this system is taking an early retracement, possibly the first one after an unconfirmed new trend it is by definition a reversal system regardless of the exact pinpoint of the new trend's starting place.
 
You evidently have not seen enough reversals using this system's particular technique but instead are theorizing it or you would have seen that there are many different patterns in which it catches the trigger and matches the market's variability, not some 123 pattern which is typically rigid.
 
Patterns and other such things are only going to work some of the time. Some traders didn't get the memo that head and shoulders, candlestick patterns, support and resistance, fibonacci retracements and the whole bunch of that stuff will leave you wondering what happened when the market plows through or fails to reach your expectations (most of the time on any particular rigid set - and go ahead and try being 'flexible').
 
In any case it seems you may have a mistaken idea of the steps although you stated that you do know the steps in an earlier post. I say this based on your statement, "basically it uses the MA Flip, Cut, and Retrace to confirm the reversal trend and looking for a first higher-low pull-back in an over-sold market".
 
Using your terminology that a STAR's "retracement" is a first higher-low pull-back rather than what the system actually calls it you have still made the statement that the system confirmed the reversal by the former trend's traits which it does not do and you have not included those traits in the proper order.
 
I am thinking that there may be some point on which you are not up to speed but are not aware of it. The experience you obviously have tells me that this would probably be your kind of system but you tried to look past the step by step and look for that edge you refer to. The edge is simply how damn precise this thing is combined with early entry with low drawdown. You can't say any more in favor of it than those.
 
If you wish to post a setup it would be possible to spot any trouble and set it right.

I thought that you might have been using these interchangeably and that is why I said that you may go ahead and do that but if we are going to discuss STAR setups we should stick to the terms as used in the book and system techniques don't you think? I read your posts thoroughly the first time, no need to reread them whether you have changed them or not. I am of the mind that it would be best to avoid confusion by defining terms.
 
It is a mechanical system so only steps and criteria apply. There is no need to compare the system to another because there simply is no other system the least like it on the planet. I have gone through the TA spectrum as it sounds like you have. IMO if one has that kind of experience and thinks this system is like any other it tells me they have definitely not come to the right understanding of STAR. That is not finding any fault just the facts as I see them.
 
The area we would apply those 'interchangeable' terms is the evaluation and potential signal trigger. We should now call out the (STAR) terms in order. From a trend extreme (after having established a full trait set exists) the first thing we get is a pullback which must go past the dark green thick sma. Then we would have a retracement from a pullback extreme.
 
Then we will decide if the pullback evaluation can still be performed at the same timeframe and template combination using the force index. Then come the pullback evaluation and resulting signal and so on.
 
So it does matter in a manual system that terminology be defined if discussing it with others.

===================================
 
 
Also, in order to eliminate false signals and choppy conditions, remember to always use the highly correlated pairs to confirm the trade. especially for Renko charts and the Range charts. They are very good at spotting the correlations among highly correlated pairs.
 
For example, if you trade EURUSD, you should also use the Range bar charts of GBPUSD and AUDUSD side by side for confirmation. All these three pairs are highly correlated and especially for Range bar charts, they should have the similar Range bar shapes, eliminating much noise of time-based charts.
 
So, only take the signals when all three correlated pairs have the similar trend/signal. In doing so, you should be able to eliminate a lot of false signals and avoid tons of choppy conditions.
 
Hope this helps. You can also use the inverse correlated pairs like USDCHF for confirmation, etc. A lot of screen time is needed to get a good feeling of avoiding choppy conditions eliminating false signals.
 
Also, if possible, try to trade only the Europe session and USA session when the liquidity and volatility are ample.

===================================
 
 
Also, in order to eliminate false signals and choppy conditions, remember to always use the highly correlated pairs to confirm the trade. especially for Renko charts and the Range charts. They are very good at spotting the correlations among highly correlated pairs.
 
For example, if you trade EURUSD, you should also use the Range bar charts of GBPUSD and AUDUSD side by side for confirmation. All these three pairs are highly correlated and especially for Range bar charts, they should have the similar Range bar shapes, eliminating much noise of time-based charts.
 
So, only take the signals when all three correlated pairs have the similar trend/signal. In doing so, you should be able to eliminate a lot of false signals and avoid tons of choppy conditions.
 
Hope this helps. You can also use the inverse correlated pairs like USDCHF for confirmation, etc. A lot of screen time is needed to get a good feeling of avoiding choppy conditions eliminating false signals.
 
Also, if possible, try to trade only the Europe session and USA session when the liquidity and volatility are ample.

I have just uploaded the following eBook about all trading strategies using the Price-Based charts:
 
"Sentiment Indicators - Renko, Price Break, Kagi, Point and Figure"
 
You may find this book very useful when compare different price-based charts and their merits.
 
http://www.mediafire.com/file/i5j1qq21wp7oga9/Sentiment%20Indicators%20-%20Renko%2C%20Price%20Break%2C%20Kagi%2C%20Point%20and%20Figure.pdf
 
 
or
 
http://www.mediafire.com/?i5j1qq21wp7oga9
 
 
Enjoy and make more PIPS.... PEACE !!!

I have just uploaded the following eBook about all trading strategies using the Price-Based charts:
 
"Sentiment Indicators - Renko, Price Break, Kagi, Point and Figure"
 
You may find this book very useful when compare different price-based charts and their merits.
 
http://www.mediafire.com/file/i5j1qq21wp7oga9/Sentiment%20Indicators%20-%20Renko%2C%20Price%20Break%2C%20Kagi%2C%20Point%20and%20Figure.pdf
 
 
or
 
http://www.mediafire.com/?i5j1qq21wp7oga9
 
 
Enjoy and make more PIPS.... PEACE !!!

============================================
 
Hi FxEasy5:
 
You may be able to find your answer on the below thread:
 
http://www.forex-tsd.com/tools-utilities/24715-difference-between-range-bars-renko-bars.html
 
 
"""""The range bar measures a set range of price movements and when that range is met the bar prints. A renko bar does the same except the range has to be all in one direction for the bar to print. So with a 10 tick renko bar the range has to be all up or all down for it to print
 
Ex: A 10 tick range bar could open at 100.00 and have 5 ticks up to 100.05 and 5 ticks down to 99.95 and the bar would print. A 10 tick renko bar would have to have 10 ticks up to 100.10 or 10 ticks down to 99.90 before it would print.
 
Got it? I hope so it exhausted me explaining it.
 
So the benefits to both are when price moves quickly the bars start printing. We need the bars to print in order for our indicators to, well, indicate. It may be a shock for some but all our indicators are lagging. Sorry. They need the price bars to move in order for them to do their "magic"."""""""":
 
 
"""""the difference between range and renko is like the difference between blonds and brunettes....o'h wait there is price bars!..I guess those will be the redheads...."""""""
 
Hope the above thread helps..
 
 
PEACE !!!!