DislikedLast night I added short order on Cable!
Clear signal!
Came now from my studio and saw nice 44 pips!
GLto all!Ignored
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Disliked***************** Renko Chart **************************
The word "Renko" comes from "Renga", the Japanese word for "brick". The filled and hollow squares that make up a Renko chart are often referred to as "bricks." Renko charts were popularized by Steve Nison in his book Beyond Candlesticks.
Renko charts have a pre-determined "Brick Size" that is used to determine when new bricks are added to the chart. If prices move more than the Brick Size above the top (or below the bottom) of the last brick on the chart, a new brick is added...Ignored
DislikedThis definition of Renko chart is INCORRECT. Renko charts, as defined in Steve Nison's "Beyond Candlesticks" book, are based entirely on CLOSING price. New bricks are *NOT* added every time price moves the "Brick Size", they are only added if the CLOSING PRICE is above/below the last brick open/close by the brick size. It's possible to add multiple bricks at once. For example, with brick size = 50 pips and the last brick being a BULLISH brick with a close of 1.4000, no new bricks get added above the current brick unless there is a CLOSING PRICE...Ignored
DislikedGood and profitable day to all
Mihailo can you tell me how to setup the system on diferent than EUR,GBP,JPY
currency like AUDUSD for exempleIgnored
Dislikedheyyy jon, welcome
thats the same way I do easyrider and flat together works fine.
greets to adelaide, my sister is living there
FelixIgnored
DislikedThat is a valid point, especially when trying to back test renko systems as the ticks project differantly all the time depending on the 1 minute data.
However do you think it affects this system at all? what are your thoughts on this system? anything positive?Ignored
DislikedI will try answer. If it's wrong then correct me Mihailo please.
First of all you should open 2 new charts M1 for AUDUSD. In the first chart add expert advisor RenkoLiveChart_v3.3 with settings 13 0 2 and in the second one RenkoLiveChart_v3.3 with settings 5 0 3. Expert advisor must smile ))).
After that go to menu of MT4 in File -> Open offline and find AUDUSD2 with double click and after that the same AUDUSD3 with double click.
And you should apply template for chart AUDUSD3 offline.
That's all! Have a good trading with others pairs!Ignored
DislikedGood and profitable day to all
Mihailo can you tell me how to setup the system on diferent than EUR,GBP,JPY
currency like AUDUSD for exempleIgnored