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Renko Trading system

  • Post #1
  • Quote
  • First Post: Edited Nov 3, 2018 2:15pm Nov 2, 2018 1:34pm | Edited Nov 3, 2018 2:15pm
  •  emicovi
  • Joined Aug 2017 | Status: Member | 148 Posts | Online Now
I guys I want to share this renko trading system with all of you. I bought here from havo (https://www.forexfactory.com/havo). He promised me he trades full time with this and was easy and very profitable system with more than 70% winning rate with a R:R of 1:1. I don't think that is true after I tested it a bit. He also didnt want to help me after I told him I did not think that his system was profitable. So I'm gonna share it with you all and see if anyone can find it usefull.



Rules:

Only trade during London session.


Only BUY when MACD is above 0, price is above green MA and brick is green.

Only Sell when MACD is below 0, price is below red MA and renko brick is red.

For stop loss and tp try to stay a 1:1 r:r. And see the attached image.



You can enter Long, after a pullback. When green brick is formed after red brick. And buy rules are intact.

You can enter Short, after a pullback. When red brick formed after a green brick. And sell rules are intact.

Attached Image (click to enlarge)
Click to Enlarge

Name: terminal_2018-11-02_11-43-32.png
Size: 53 KB




You can also changes rules. Example: Go short only when macd is below 0 and got a red renko brick closeing below ma.

Try, experiments and post here results.

Brick size used is 5 pips.

Indicators you need are all attached.

MA settings: 10, 1, 0.

Macd settings: 5,10,2.
Attached Files
File Type: ex4 MA in Color_wAppliedPrice.ex4   13 KB | 214 downloads
File Type: ex4 MACD Alert2.ex4   15 KB | 207 downloads
File Type: ex4 STG_RenkoChart.ex4   143 KB | 254 downloads
  • Post #2
  • Quote
  • Nov 3, 2018 10:55am Nov 3, 2018 10:55am
  •  tradestar1
  • Joined Nov 2009 | Status: Member | 992 Posts
Be interesting to see where this goes........
You can dump the MACD though it really isn't needed.
  • Post #3
  • Quote
  • Nov 3, 2018 1:35pm Nov 3, 2018 1:35pm
  •  havo
  • Joined Jan 2016 | Status: Member | 291 Posts
You are missing something KEY to place the trades man, i cna see several entrys; macd its redundant with THOSE settings, i told you what to use to be on the safe side..

But then again, you dont listen, you dont even try to understand or at least demo test it and se if it works or not (again you are missing 1 key element to place the trades)

You just want to make 100$ from 100$ in less than 1 month.. Good luck with that attitude
  • Post #4
  • Quote
  • Nov 3, 2018 2:10pm Nov 3, 2018 2:10pm
  •  emicovi
  • Joined Aug 2017 | Status: Member | 148 Posts | Online Now
Quoting havo
Disliked
You are missing something KEY to place the trades man, i cna see several entrys; macd its redundant with THOSE settings, i told you what to use to be on the safe side.. But then again, you dont listen, you dont even try to understand or at least demo test it and se if it works or not (again you are missing 1 key element to place the trades) You just want to make 100$ from 100$ in less than 1 month.. Good luck with that attitude
Ignored

Are you trolling? Do you want me to post Skype history?? Because I can post it. These were all the steps you told me. No key element. Stop trolling
  • Post #5
  • Quote
  • Nov 3, 2018 2:13pm Nov 3, 2018 2:13pm
  •  echo1
  • | Joined Jun 2018 | Status: Member | 46 Posts
Quoting havo
Disliked
You are missing something KEY to place the trades man, i cna see several entrys; macd its redundant with THOSE settings, i told you what to use to be on the safe side.. But then again, you dont listen, you dont even try to understand or at least demo test it and se if it works or not (again you are missing 1 key element to place the trades) You just want to make 100$ from 100$ in less than 1 month.. Good luck with that attitude
Ignored
I have never used this system however, people will do anything just so they DON'T learn how market behaves and instead fully rely on a cross of some MAs or signal to make money..... With all systems you need an understanding of the market, if it was easy as buy/sell on MA cross everyone would be rich. If everyone was rich then relatively speaking no one is rich...
1
  • Post #6
  • Quote
  • Nov 3, 2018 7:03pm Nov 3, 2018 7:03pm
  •  bluesteele
  • Joined Aug 2007 | Status: CRIM | 1,197 Posts
Quoting emicovi
Disliked
I guys I want to share this renko trading system with all of you. I bought here from havo (https://www.forexfactory.com/havo). He promised me he trades full time with this and was easy and very profitable system with more than 70% winning rate with a R:R of 1:1. I don't think that is true after I tested it a bit. He also didnt want to help me after I told him I did not think that his system was profitable. So I'm gonna share it with you all and see if anyone can find it usefull. Rules: Only trade during London session. Only BUY when MACD...
Ignored

So you bought this from Havo ?

Does he sell this to others that you know of ?

Perhaps Havo should be a commercial member .
IN THE LAND OF THE BLIND THE ONE EYED MAN IS KING
  • Post #7
  • Quote
  • Nov 3, 2018 8:05pm Nov 3, 2018 8:05pm
  •  tradestar1
  • Joined Nov 2009 | Status: Member | 992 Posts
I can see this thread is going to go far......
I have plenty of popcorn.....
  • Post #8
  • Quote
  • Nov 4, 2018 12:04am Nov 4, 2018 12:04am
  •  metta87
  • | Joined Jul 2012 | Status: Member | 1,083 Posts
Quoting emicovi
Disliked
{quote} Are you trolling? Do you want me to post Skype history?? Because I can post it. These were all the steps you told me. No key element. Stop trolling
Ignored
post it
  • Post #9
  • Quote
  • Nov 4, 2018 9:52am Nov 4, 2018 9:52am
  •  rcbarlow
  • Joined Sep 2006 | Status: Member | 687 Posts
Believe it or not, I use a very similiar system and it does work. The trick is to catch a market that is trending and take the pullbacks. In a flat market, you will not make any money.
1
  • Post #10
  • Quote
  • Nov 4, 2018 11:38am Nov 4, 2018 11:38am
  •  metta87
  • | Joined Jul 2012 | Status: Member | 1,083 Posts
Quoting emicovi
Disliked
I guys I want to share this renko trading system with all of you. I bought here from havo (https://www.forexfactory.com/havo). He promised me he trades full time with this and was easy and very profitable system with more than 70% winning rate with a R:R of 1:1. I don't think that is true after I tested it a bit. He also didnt want to help me after I told him I did not think that his system was profitable. So I'm gonna share it with you all and see if anyone can find it usefull. Rules: Only trade during London session. Only BUY when MACD...
Ignored
How much did you pay for it ??
  • Post #11
  • Quote
  • Nov 4, 2018 12:43pm Nov 4, 2018 12:43pm
  •  rcbarlow
  • Joined Sep 2006 | Status: Member | 687 Posts
I didn't. I just saw one like this posted somewhere and started playing with it. I added a EMA 21 and when price retraced to it, I entered. When bar changed colors, I exited.
  • Post #12
  • Quote
  • Last Post: Nov 5, 2018 2:25am Nov 5, 2018 2:25am
  •  chunshuo
  • | Joined Feb 2016 | Status: Member | 16 Posts
Very interesting this system.
is using EA in Renko chart possible?
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