Disliked{quote} Hi Kiads, It look like easy to enter an order, but how to exit it from this chart.Ignored
Hope it help and best regard
MTH
RENKO Trading SYSTEM - RENKO Indicators 7 replies
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Disliked{quote} Hi Kiads, It look like easy to enter an order, but how to exit it from this chart.Ignored
Disliked{quote} My Friend, from my previous example picture the last brick/current brick that still 'forming' tell you how to exit. As you see that current wave is down, and the current brick start to move up, in 'her' up movement, she will cross MA levels, so you can exit when she cross 25% or 50% or 75% levels, whatever you like, and don't worry if after that the price continue to goes down, because there is always next opportunities.. right.. Hope it help and best regard MTHIgnored
Disliked{quote} Thanks for replying so quickly. But, i have one thought that i want to discuss if i may. You said that if current brick cross whatever 25%, 50% or 75% levels, then go out, and enter another entry if the trend goes down again, right? Yet, in the live trading, would it be many of this kind of "cross" signs that we cannot see them in the historical chart/ previous bars. They may only exist in the current bar so that we may easily "wash out" by this kind of "cross" sign, especially in the flip mode.Ignored
Disliked{quote} My Friend, you can use this in all size of renko, of course with small brick size, you will find difficulty with spread etc but try to forward test this for couple days, and compare your win loss ratio, of course you should use tight SL (just slightly above/bellow your previous brick) {image} hope it help MTHIgnored
Disliked{quote} My Friend, you can use this in all size of renko, of course with small brick size, you will find difficulty with spread etc but try to forward test this for couple days, and compare your win loss ratio, of course you should use tight SL (just slightly above/bellow your previous brick) {image} hope it help MTHIgnored
Disliked{quote} Sorry My bad English too. First I need say thank you Kiads. I have a question in #823 picture "open your long at this point" I confused how to open at 50%? Just only "see" renko then open? If there is not compare SSA, I can't understand how can I open at 50%Ignored
DislikedFirst I would to make a sincere big thanks to Kiads. I'm following the topic from the beggining. I discovered Renko chart few years ago but I saw that not a lot of people use it. Was strange because we speak about price action and money and not just time of a candle. By the most interesting topic for me and I read each answer like a bible. Big thanks too to selva1437 for your inputs and contribution. I have download all the package and pdf explanations. I just have something strange. I put MTH MT4 B610 Accel Shift Flip Renko Builder Indi.ex4 in...Ignored
DislikedHAI TO ALL, WITH BLESSINGS FROM MY PROFESSOR I HAVE STARTED A NEW THREAD . BECAUSE I DONT WANT TO CONFUSE KIADS SYSTEM AND MY SYSTEM. SO PLEASE FEEL FREE TO CONTINUE YOUR APPRECIATION THERE ALSO . http://www.forexfactory.com/showthread.php?p=7375650#Ignored
DislikedHaving a problem with MTH MT4 B610 Flip. See Attached image: {image} I have Eurusd M1 with indicator running and set to Brick size of 8 going to the M11 Chart. When I load the M11 Chart, I get a brick size of 10. Am I missing something on setting up the indicator in the M1 Window?Ignored
DislikedHaving a problem with MTH MT4 B610 Flip. See Attached image: {image} I have Eurusd M1 with indicator running and set to Brick size of 8 going to the M11 Chart. When I load the M11 Chart, I get a brick size of 10. Am I missing something on setting up the indicator in the M1 Window?Ignored
DislikedHello Kiads and once again thank you for all you are doing here. I have a question regarding post #802 are you saying to wait until the completion of three bars to check the indicators for alignment before entering?Ignored
Disliked2 pip in the M11 window with or without template. I also deleted all the history files to make sure it was starting off fresh. {image} Is the 10 Brick Size screwing me up?Ignored