Disliked{quote} For heavens sake you can see what the the indicator is and even the settings.Ignored
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Disliked{quote} For heavens sake you can see what the the indicator is and even the settings.Ignored
DislikedChoosing the right brick size for currency trading is quite easy but it's not exactly the same for CFDs. Here are examples for the DOW30. First chart Renko $5 bricks, second chart Renko $10 bricks and the last chart Renko $20 bricks. It's only a matter of choice and risk factors {image} {image} {image}Ignored
Disliked{quote} I have done the ATR valuation and the optimal it get is 556 for DAX @ 12863.4 when you say your first chart for 5$, second for 10$ and third for 20$ depend on appetise of risk, how can I convert the $ it back to pips/point for the renko setting? If it is possible could you please use the renko_brick_size on those chart to show the brick size so that I got a feel how far I possibly went wrong on my setting {file}Ignored
Disliked{quote} I went through all your posts with and without attachment. before I asked. I saw you developed from using time based chart to renko now, but you have not mentioned the indicator you use in the low window of that post. it functions like STOCH, but not. Looks like a combined shaff ind. or a cycle indi , but not ... Apropos thank you to you all, loads of very invaluable insights and advises here to learn in one day, I am sure other traders after me will valuable your support and advise very much.Ignored
Disliked{quote} in the Renko Remote window it says what size brick is being used on the far right, you can change it to whatever you wantIgnored
Disliked{quote} in the Renko Remote window it says what size brick is being used on the far right, you can change it to whatever you wantIgnored
Disliked{quote} I have done the ATR valuation and the optimal it get is 556 for DAX @ 12863.4 when you say your first chart for 5$, second for 10$ and third for 20$ depend on appetise of risk, how can I convert the $ it back to pips/point for the renko setting? If it is possible could you please use the renko_brick_size on those chart to show the brick size so that I got a feel how far I possibly went wrong on my setting {file}Ignored
Disliked{quote} So using STG_Renko_remot 5pips setting is for 5$, 10 pips for 10$ for DAX renko, is the same rule for DOW, S%P500 why is this coincidence?Ignored
Disliked{quote} Thank you Intrepidpips for your Renko 5 pips system. You are entirely correct about using 3/4 cross with Renko 5 pips bricks along with the xb4d as filter. Attached is a GBPJPY 5 pips Renko chart using the full xb4 system and cross 3/4. With all the 3/4 crosses it's nearly un-tradable. However, if the trader only uses the xb4d filter as entry and exit there are only 2 trades. The first one between the red vertical line and the aqua vertical line generating 99 pips and the second trade from the aqua vertical line generating 85 pips. Please...Ignored
Disliked{quote} Very useful advise davidh061. I just subscribe. to check quickly Renko_brick_size I would recommend from FXGenial. What I found also helpful is use a renko with ATR for it to calculate the optimal brick size a few times, then I use that average down, to get close but not too granulate chart (what we dont want) .... again very subjective I need to ask you all experienced Renko users a question Reko , but in relation to time based chart, back there on TF chart to determine there is a continuation/BO, you can use EMA12, EMA24 so see a proper...Ignored
Dislikedhey Hutch, just curious but I know you said you like to trade on D1 so why do you trade GBP with 10 renko charts? seems pretty involving since renko needs to be monitored. cheersIgnored
Disliked{quote} There is nothing more boring than trading on D1 charts because even if you trade 20 currency pairs all you need is to spend 15 minutes a day to open a new trade, close a trade, see that a stop loss was hit or adjust the trailing stop. So when I'm not busy I trade with Renko during the day. I was busy yesterday morning here is the proof {image}Ignored
DislikedThis is definitely an issue if you want to enter with confidence. I thought the arrows would not be removed if the brick they were indicating closed? Bottom is before {image} {image}Ignored
Disliked{quote} It repaints after candle close, repainting indicators are worthless. Now you got to wonder why would a pro trader since 2005 advise people to use one and pretends that he has never seen it repaint after close ? See post 289. I have my own answer.Ignored