GBP/JPY just posted a signal i entered it but im looking for maybe 10-20 pips but this feels more like a top so a tight 15 pip stop loss
RENKO Trading SYSTEM - RENKO Indicators 7 replies
Ichimoku - RENKO 204 replies
New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies
The Ichimoku Cloud 4 replies
Dislikedlvoe goes in experts folder and is set to sl15 tp 120 be 15/1 ts 30.If you want to change the set you must run it again from experts.You can adjust lvoe lines directly on your chart with mouse.Ignored
DislikedThis is not for here but i just wanted to share it.I've changed cloud with MA.If you're intrested i can give you my setup.I will test this for a while since i think that is more accurate.Ignored
DislikedThis is not for here but i just wanted to share it.I've changed cloud with MA.If you're intrested i can give you my setup.I will test this for a while since i think that is more accurate.Ignored
DislikedHey Kumetto,
Hate to be a pest but I'd like this template and indies too... the chart images you posted look good.
Thanks again!
RichardIgnored
DislikedHey Richard are you trading this system or another renko system? Please post some trades you take I'm here to help you along. I'm sure as you trade and post you will have other ideas we can all build on.Ignored
DislikedHi Jacioux,
First, I really like the Renko - I think it gives a much clearer picture of what it happening to the price action. And, I like the Ichimoku Cloud for its simplicity. The combination of these two has been VERY helpful to me in making my trades much easier to identify on the charts and the trades are more consistent now with fewer losses.
One thing I added to your method is that I watch a 2nd Renko chart (set to 4 instead of 10) which seems to give me a bit more precision in my entries. I wait for permission from the Renko...Ignored
DislikedHey Kumetto,
Hate to be a pest but I'd like this template and indies too... the chart images you posted look good.
Thanks again!
RichardIgnored
DislikedSo its been about 3 months so i am not even sure who is still using this or not. I have found myself with a little but of time and thought i would post in case anyone new happen to come accross this.
I am still using this system i changed my settings to 5,3,5 for the cloud and bars are now set to 8. Same entry cloud cross but now i trail a stop loss of 14 when 16 pips is hit and the stop loss is 15. The times are all the same i only trade 3:00 am MST to 5:00am - Then again at 6:00 am to 10:00am.
I am attaching a new chart of what my setup looks...Ignored
Dislikedhi i have started trading with renko bars about a month ago but get wasted in sideways markets .thank you for your system am going to try it .i need someting to keep me out of sideways market. use 25 pip renko bars.Ignored