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Easy Renko Strategy (ERS)

  • #1
  • First Post: Edited Jan 30, 2017 4:03pm Jan 14, 2017 6:52pm | Edited Jan 30, 2017 4:03pm
Hi I would like to show you my strategy what I am using! It is based on a Renko Chart!

The basics:
Sell/Buy
When you get a color change, then you take a position on that direction, set your SL 3bricks, and you close the trade when another color change happens! You can enter immediately on the that trade too!
If your SL gets hit, then take a position in the other direction with a SL of 3 bricks! When we are in +1brick our SL is 2bricks (or reverse brick)

Basically that is what I do and I think it can get me a few pips!

What I would like to know if someone could backtest it for me, because it is difficut for me to do...
And if someone could make an EA that would be awesome!
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 17 KB
  • #2
  • Jan 14, 2017 10:29pm Jan 14, 2017 10:29pm
Quoting zsolti84
Hi I would like to show you my strategy what I am using! It is based on a Renko Chart! The basics: Sell/Buy When you get a color change, then you take a position on that direction, set your SL 3bricks, and you close the trade when another colorchange happens! You can enter immediately on the that trade too! If your SL gets hit, then take a position in the other direction with a SL of 2 bricks! Basically that is what I do and I think it can get me a few pips! What I would like to know if someone could backtest it for me, because it is difficut for...
Which Renko EA are you using & what is your Pips per brick setting.?
Combat crazy markets with crazy trading
  • #3
  • Jan 15, 2017 12:25am Jan 15, 2017 12:25am
i have tried this method few years back on gbpjpy , i was testing and actually was positive but

it works when pair is trending and when market is active.

i used 5 pips brick , also tested 15 pips brick

i think i have downloaded an ea for this , if i found it , i will attach here.
  • #4
  • Jan 15, 2017 4:22pm Jan 15, 2017 4:22pm
Quoting CrazyOz
{quote} Which Renko EA are you using & what is your Pips per brick setting.?
I've attached the renko chart EA what I'm using. It is a non-gap renko chart!
The brick sizes are 10pips
Attached File(s)
File Type: ex4 MathTrader7_RenkoChartCreatorEA.ex4   117 KB | 1,042 downloads
  • #5
  • Jan 15, 2017 4:24pm Jan 15, 2017 4:24pm
Quoting manixramz
i have tried this method few years back on gbpjpy , i was testing and actually was positive but it works when pair is trending and when market is active. i used 5 pips brick , also tested 15 pips brick i think i have downloaded an ea for this , if i found it , i will attach here.
Ok thanks!
  • #6
  • Jan 15, 2017 4:29pm Jan 15, 2017 4:29pm
Overall when I'm getting back an average 5-10% per month, I'm happy with that! (I'm using 3% SL/trade)
  • #7
  • Jan 15, 2017 8:10pm Jan 15, 2017 8:10pm
Quoting zsolti84
Overall when I'm getting back an average 5-10% per month, I'm happy with that! (I'm using 3% SL/trade)
I think you can improve that substantially by adding the CCI custom candles indi'.
I will post it here for you.
Attached File(s)
File Type: tpl CCI.. Renko.tpl   7 KB | 1,031 downloads
File Type: ex4 CCI CustomCandles.ex4   13 KB | 1,066 downloads
Combat crazy markets with crazy trading
  • #8
  • Jan 15, 2017 11:19pm Jan 15, 2017 11:19pm
Quoting zsolti84
Overall when I'm getting back an average 5-10% per month, I'm happy with that! (I'm using 3% SL/trade)
how many trade per day ?
  • #9
  • Jan 16, 2017 1:11am Jan 16, 2017 1:11am
Renko is good when trade during london and new york session.
Risk comes from not knowing what you're doing.
  • #10
  • Jan 16, 2017 2:26am Jan 16, 2017 2:26am
Quoting bonbon
{quote} how many trade per day ?
That depends on the time I have, what I can spend sitting in front of my laptop...usually 3 to 5 trades /day... I have to work too.... but when I come back and scroll back to see what would have happened when I were trading, I often see that I could have made some pips...
Thats why I would like to have an EA that makes it easier
  • #11
  • Jan 16, 2017 5:25am Jan 16, 2017 5:25am
Quoting zsolti84
{quote} That depends on the time I have, what I can spend sitting in front of my laptop...usually 3 to 5 trades /day... I have to work too.... but when I come back and scroll back to see what would have happened when I were trading, I often see that I could have made some pips... Thats why I would like to have an EA that makes it easier
I am eager to try your strategy.

CMC Markets offer renko charts in their platform, so does Trade Interceptor. Neither of them allow EAs, though.
Here is this morning's E/U charts from both:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 52 KB
  • #12
  • Jan 16, 2017 5:42am Jan 16, 2017 5:42am
nice renko ....but not enough without understand market behaviour
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 89 KB
The Average Discount Everything
  • #13
  • Edited 6:17am Jan 16, 2017 5:59am | Edited 6:17am
Quoting hesron
nice renko ....but not enough without understand market behaviour 1.png;2141772 {image}
Could you give us your indicator for that renko chanel? I've heard from thatt but I didn't managed to get a usable indi...
And how big brick size do you use?
  • #14
  • Jan 16, 2017 6:06am Jan 16, 2017 6:06am
Quoting SnoopyAKQJT
{quote} I am eager to try your strategy. CMC Markets offer renko charts in their platform, so does Trade Interceptor. Neither of them allow EAs, though. Here is this morning's E/U charts from both: Screenshot1.png;2141752 Screenshot2.png;2141755 {image} {image}
On your 1st image I've could have made 18% if 1 brick=1%
On your 2nd image (left) 15%
  • #15
  • Jan 16, 2017 6:21am Jan 16, 2017 6:21am
Quoting zsolti84
{quote} Could you give us your indicator for that renko chanel? I've heard from thatt but I didn't managed to get a usable indi... And how big brick size do you use?
you can search from our FF, renko super signal mq4
http://www.forexfactory.com/showthread.php?t=620746
The Average Discount Everything
  • #16
  • Edited 7:18am Jan 16, 2017 6:47am | Edited 7:18am
Quoting zsolti84
{quote} Could you give us your indicator for that renko chanel? I've heard from thatt but I didn't managed to get a usable indi... And how big brick size do you use?
please see this link too..... http://forexwot.com/highly-profitabl...ng-system.html
The Average Discount Everything
  • #17
  • Jan 16, 2017 3:56pm Jan 16, 2017 3:56pm
Quoting hesron
{quote} you can search from our FF, renko super signal mq4 http://www.forexfactory.com/showthread.php?t=620746
Thx I will check it out!
  • #18
  • Jan 16, 2017 5:46pm Jan 16, 2017 5:46pm
Hi everyone!
please come to this new thread !!!!

http://www.forexfactory.com/showthre...61#post9445561
  • #19
  • Last Post: Mar 25, 2018 9:11am Mar 25, 2018 9:11am
repaint and repaint i tried way before this thread started
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