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Trading Renko 1,136 replies
RENKO Trading SYSTEM - RENKO Indicators 7 replies
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Renko Trading Journal 28 replies
Dislikedgo here http://www.forexfactory.com/showpost...&postcount=239 this is the basic of the system that i made. You must also understand this is not a mechanical system. I showed all valid signal but does not mean that you should take all the signal i have show in the charts. You need to watch your Support and Resistance lines. If you need farther explanation just let me know
Petar did add delta to the system with seem to help filter out more of the ranging market.Ignored
DislikedHello and Thank You.... I have been successfully using the indicators from the Renko Zip file.... Very well organized... really appreciate your taking fime for the post at 239.
Had one question. Is there any more information about the "Sweet Spot" indicator? I have seen some red/blue lines appear on my chart and although I have googled and researched... I haven't been able to figure out how they are derived.. Is "sweet spot" the source?
Also thought you might be interested to know that I have experimented with Renko on Russell eMini in...Ignored
DislikedHello and Thank You.... I have been successfully using the indicators from the Renko Zip file.... Very well organized... really appreciate your taking fime for the post at 239.
Had one question. Is there any more information about the "Sweet Spot" indicator? I have seen some red/blue lines appear on my chart and although I have googled and researched... I haven't been able to figure out how they are derived.. Is "sweet spot" the source?
Also thought you might be interested to know that I have experimented with Renko on Russell eMini...Ignored
DislikedHey 45FXGuy and xBweNx:
Thanks again for trying to help me out... and sorry for my confusion over source. There have been several really helpful posts and downloads on multiple threads, and I got confused about which one was which.......Ignored
Disliked45Fxguy
Just hit the wrong button and erased my nice long post for you!! Darn it...
Anyway... love saving real estate by putting Delta on the same pane with RSI and MACD...
Maybe I am doing something wrong... but the indicators seem to change position relative to one another when I move back and forth in time on my chart.
Nevertheless... I have attached a thumbnail to show the following...
1. Pale Green vertical line is just to the left of sample entry.
2. RSI is below 45 level per original system rules.
3. MACD is about...Ignored
DislikedWith renko I only use a T3MA-type line, plus additionally zigzag and wpr (paints bars green/red). But maybe I will eventually get rid of the zigzag and w%r, too.
Previously I was trying to add things like rsi or macd or cci and discovered they add absolutely nothing to the picture.
Renko makes MM crystal clear, thats what I like about it. And with proper MM you can almost toss a coin to choose whether you go long or short.
just my five centIgnored
Disliked
Not a coin toss MM, but a coin toss entry, mind you.
Yes, I can. Easy.
It is absolutely any entry.
Because you never know where the price is going.Ignored
DislikedWould you start with .1 lot & if it loses flip coin, heads long, tails short, then place .2 lot bet next etc?Ignored