got out for +22 on this one..
Price action trading with RENKO 190 replies
RENKO Trading SYSTEM - RENKO Indicators 7 replies
New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies
Renko charts in the trading simulator 9 replies
Renko Trading Journal 28 replies
DislikedI am using the commercial Renko charts - I wonder if it makes a difference to the MACD plot. I note that the last post was also different to mine although I am using the template posted by xBweNx.
I have attached the RSI alert files I am going to try together with the MA color indi I use. Any feedback would be appreciated. These indis came from the FF forum - somewhere??
KarlAttachment
Attachment
AttachmentIgnored
DislikedRebel - that looks more like my plot - the RSI/White line relationship is still a bit different to mine.
I am going to open RSI in its own panel as it is less congested that way. I think the important thing is the MACD white line to the histogram which is checked once the RSI crosses the 55 or the 45 lines. I cannot see any reason why they should be in the same panel. Perhaps xBweNx might comment on this.
KarlIgnored
DislikedI just had a thought - perhaps we could delete the RSI plot and the 55/45 lines completely - relying only on the arrows and alerts from the indi I posted. It would simplify the chart but I guess the likely movement of the RSI would not be seen.
KarlIgnored
DislikedWhere I could find and download LFH Trading Sim 3?
I still use LFH Trading Sim 2.0, it is a great tool to manually test trading stategy.
Could anyone please tell me, how to use RenkoLiveChart_v3.2.mq4 EA on LFH Trading Sim?
I tried to attach RenkoLiveChart_v3.2 EA on LFH Trading Sim M1 chart but the M2 offline chart doesn't update.
Please if anyone know how to displaying Renko chart on LFH Trading Sim.Ignored
Dislikedonce the market open i will post the charts in an update on this post
first is with
second withoutIgnored
DislikedWhat is the advantage of the EA ( which does not draw charts over the weekend ) over the indicator ( which draws charts over the weekend and thus enables one to conduct trade analysis during down time ).
Could you possiably add switchable wicks to the V 2.x indicator.
Thank you for your effort and replies.Ignored
DislikedxBweNx,
Did you decide to start using renko with wicks on, & if so why again?
Was looking over some of your screen shots, I see ebpusd, eurgbp, eurusd, & eurjpy. Are these the ones you trade most with it, & do you have a favorite time of day to trade any or each? Do you ever use correlation in your trading strategy at all?
Do you ever use the rsi cross of the macd ma line as an early entry or exit signal etc?
Thanks for your help.
Really appreciate your contributions to this thread.Ignored
DislikedKicking myself that I did'nt take this re entry.. It was valid RIGHT xb..?Ignored
DislikedYour probably already using it, check ea's name not the one you see on the chart.
Don't think there is a Trading Sim that works on renko charts for mt4 yet, if there is I'd like to know about it too.
I think there is away to force ticks into offline back test charts but I'm afraid to try it as mt4 gives me enough trouble as is. Besides we have almost 24/6 to forward test on renko charts that should be enough for most of us.Ignored
DislikedRebel - that looks more like my plot - the RSI/White line relationship is still a bit different to mine.
I am going to open RSI in its own panel as it is less congested that way. I think the important thing is the MACD white line to the histogram which is checked once the RSI crosses the 55 or the 45 lines. I cannot see any reason why they should be in the same panel. Perhaps xBweNx might comment on this.
KarlIgnored