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Renko trading using proven strategy

  • #441
  • Dec 8, 2020 4:58pm Dec 8, 2020 4:58pm
Quoting apo
Hi Hutch Does this qualify as 'interesting' for your Daily strategy which you've posted here? Indis color change...blue > red ? ( please pardon that this is not a renko chart ) :-) Billy{image}
Hi Billy. Yes it qualifies as interesting As you can see the two SS2009 indicators give earlier signals than the EMA crossover 10/21. The reason I posted this strategy is that someone asked me to. I just posted a EURUSD D1 chart at post #121,431 in EURUSD Only | Page 3036 | Forex Factory
  • #442
  • Dec 16, 2020 3:42am Dec 16, 2020 3:42am
Mr Hutch,
Would you mind sharing the the MLQ version of this indicator with yellow arrows that gives early signal.
or may be point me to the site where i can get this (HalfTrend TT [x5v4] ).
Would be grateful for response.
Thank you
  • #443
  • Dec 16, 2020 12:43pm Dec 16, 2020 12:43pm
Quoting sibianaga
Mr Hutch, Would you mind sharing the the MLQ version of this indicator with yellow arrows that gives early signal. or may be point me to the site where i can get this (HalfTrend TT [x5v4] ). Would be grateful for response. Thank you
Here it is along with the indicator it was based on. Since it was originally in the Russian language comments are now in gibberish
Attached File(s)
File Type: mq4 HalfTrend TT [x5v4].mq4   11 KB | 714 downloads
File Type: mq4 Ozymandias.mq4   2 KB | 685 downloads
File Type: ex4 Ozymandias.ex4   15 KB | 566 downloads
  • #444
  • Dec 17, 2020 3:20am Dec 17, 2020 3:20am
Attached Image
Hutch, Many thanks from the bottom of my heart
Unfortunately HalfTrend TT [x5v4].mq4 above is not the same as the small yellow arrow indicator you post before.
see photo small arrow is yellow indicator and large arrow is one above.
I think they go by the same name but are different.
please have another look.
Thanks
  • #445
  • Dec 17, 2020 3:49am Dec 17, 2020 3:49am
[quote = EquinoxFX; 13286666]申し訳ありませんが、トレーダー-それは私の間違いです。Mean Renkosで使用している、皆さんと共有したいもう1つの戦略は、2つの5期間MAチャネルを使用することです。1つ目はHighに適用され、2つ目はLowに適用されます。青い縦線で示されているように、スクリーンショットのトレードエントリに見られるように、5、3、3、確率論も好きです。うまくいけば、残りは自明の{image} [/ quote]
hi, Equinon.
please tell me that how do you use the MA channels? enty? or exit? bestregards.thanks.
  • #446
  • Dec 17, 2020 10:09am Dec 17, 2020 10:09am
Quoting sibianaga
{image}Hutch, Many thanks from the bottom of my heart Unfortunately HalfTrend TT [x5v4].mq4 above is not the same as the small yellow arrow indicator you post before. see photo small arrow is yellow indicator and large arrow is one above. I think they go by the same name but are different. please have another look. Thanks
You will find that many indicators with the same name don't perform the same way. I tried the Russian one I provided you since I have the source file but, unfortunately, it works more like the HalfTrend 2. HalfTrend 2 always gives signals 1 or 2 bricks after the HalfTrend TT does as seen in your picture. Sorry but I don't have other HalfTrend source files. Best is to get a programmer to look at the .mq4 file to see how exactly it works.
  • #447
  • Dec 17, 2020 10:29am Dec 17, 2020 10:29am
Quoting Hutch
{quote} You will find that many indicators with the same name don't perform the same way. I tried the Russian one I provided you since I have the source file but, unfortunately, it works more like the HalfTrend 2. HalfTrend 2 always gives signals 1 or 2 bricks after the HalfTrend TT does as seen in your picture. Sorry but I don't have other HalfTrend source files. Best is to get a programmer to look at the .mq4 file to see how exactly it works.
We are all trading with a broker and we are part of that brokers batch of traders. If we were in one big batch all together, we would all have the same data, but we don't. That is one reason why an indicator acts a little different between traders.

I will not exclude other good reasons - just my humble thought.
MetaTrader 4 - so many advantages.
  • #448
  • Dec 17, 2020 10:54am Dec 17, 2020 10:54am
Mr Hutch,
You are so kind and truthful that you replied to my request.
Its a good trait to have, humble in your Quote and very honest to say how you see it.
I will try to search more on this indicator and hope to find my solution.
Many Thanks to you friend.
  • #449
  • Dec 17, 2020 11:17am Dec 17, 2020 11:17am
I trade renkos and theese two divergence indis are nonrepaint and gives a lot of good signals do not take the all,but with pressure/trend and if you get arrow on both you have a even stronger signal....It helps me filtering out a lot of bad signals the arrows apear at open of second box and enter at once....But for renkos only i use 3 pips box...
Attached File(s)
File Type: ex4 CCI_Divergence_V1.1 Kopi (2).ex4   11 KB | 589 downloads
File Type: ex4 MACD_Histogram.ex4   41 KB | 528 downloads
File Type: mq4 MACD_Histogram.mq4   14 KB | 609 downloads
Insanityoing same ting over expecting different results..Einstein
  • #450
  • Jan 2, 2021 6:25am Jan 2, 2021 6:25am
Quoting Hutch
{quote} I sent him a pm a while ago and he replied that he would look into providing an update when he's not busy but in any case his Renko chart indicator works fine except that it needs refreshing while trading stocks and CFDs because it was made to trade currency pairs and not these somewhat exotic investment instruments. We all need to respect his decision and thank him for his great work that benefits us all.
Hi Hutch,
Thanks so much for sharing your ideas. It is always very helpful.
Hope you are doing well and wishing you all the best for the new year.

Can you tell me if there is a need for refresh on stocks and indices with the latest update of sts renko from November 2020?

Thanks a lot
  • #451
  • Jan 2, 2021 1:39pm Jan 2, 2021 1:39pm
Quoting dr.butze
{quote} Hi Hutch, Thanks so much for sharing your ideas. It is always very helpful. Hope you are doing well and wishing you all the best for the new year. Can you tell me if there is a need for refresh on stocks and indices with the latest update of sts renko from November 2020? Thanks a lot
I still refresh my charts upon opening each day because its an habit but also because the Renko charts are in points not pips so to get a 10 pips Renko chart you need to input 100 points even for currency pairs.
  • #452
  • Edited 2:16pm Jan 2, 2021 2:05pm | Edited 2:16pm
Quoting sibianaga
{image}Hutch, Many thanks from the bottom of my heart Unfortunately HalfTrend TT [x5v4].mq4 above is not the same as the small yellow arrow indicator you post before. see photo small arrow is yellow indicator and large arrow is one above. I think they go by the same name but are different. please have another look. Thanks
sibianaga: the .mq4 file is correct but some of the settings are different than in the .ex4 file you mentioned. Specifically, other than colours and sizes, the MA_shift should be -2, the MA_period should be 1, the Factor should be 1 and the ATRdelta should be 0.57. I'll attach another copy of the .mq4 file here, with these changes made, so the .ex4 file, when compiled, will be identical to the previously posted .ex4 file.

In addition, try using Mean Renko bricks. I think you'll find they allow for earlier entries and exits.
Attached File(s)
File Type: mq4 HalfTrend TT [x5v4].mq4   22 KB | 606 downloads
  • #453
  • Jan 2, 2021 2:47pm Jan 2, 2021 2:47pm
Hay Buddy,
Very much appreciated for enormous efforts and help.
Will check out the revised file and press on with my project.
I use OVO package for Renko Flex and set all my charts to 11.60 pips/Brick with no mean reversion 1:1 chart
I also use RSI/13 for entries that match 30/70 scale for OS/OB levels
When both match it gives 99% confirmed signal for entry.
I am working on regentrating the Half trend to current MT4 build to include On calculate and inits.
Thank you so much for your great work.
  • #454
  • Jan 2, 2021 2:52pm Jan 2, 2021 2:52pm
Quoting Hutch
{quote} I still refresh my charts upon opening each day because its an habit but also because the Renko charts are in points not pips so to get a 10 pips Renko chart you need to input 100 points even for currency pairs.
thank you

Do you use the standard or mean Renko?

And which bricksize do you recommend for Forex - DAX & Dow - WTI and XAUUSD?
  • #455
  • Jan 2, 2021 3:01pm Jan 2, 2021 3:01pm
Quoting sibianaga
Hay Buddy, Very much appreciated for enormous efforts and help. Will check out the revised file and press on with my project. I use OVO package for Renko Flex and set all my charts to 11.60 pips/Brick with no mean reversion 1:1 chart I also use RSI/13 for entries that match 30/70 scale for OS/OB levels When both match it gives 99% confirmed signal for entry. I am working on regentrating the Half trend to current MT4 build to include On calculate and inits. Thank you so much for your great work.
Hi,sibianaga.i'm interested in your method.please tell me detail. share chart screenshot　bestregards.thanks.
  • #456
  • Jan 2, 2021 4:45pm Jan 2, 2021 4:45pm
Quoting dr.butze
{quote} thank you Do you use the standard or mean Renko? And which bricksize do you recommend for Forex - DAX & Dow - WTI and XAUUSD?
I use standard Renko but mean is also quite popular. For Forex if the ATR is below 100 it's best to trade with brick size 5 or even less and brick size 10 if above 100. These are mostly GBP pairs. WTI is best with 10 but you get more trades with 5. Dow is best with brick size 20 but you need a an account that has a good leverage. I tried the DAX with brick size 20 but 10 is better. The first chart is for trading DOW with its full value while the second chart is for e-mini. There are big differences in leverage and the tick value. Both charts use Renko brick size 20.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US30USDM20.png Size: 40 KB
Click to Enlarge Name: U30USDM20-1.png Size: 39 KB
  • #457
  • Jan 2, 2021 4:51pm Jan 2, 2021 4:51pm
Quoting Hutch
{quote} I use standard Renko but mean is also quite popular. For Forex if the ATR is below 100 it's best to trade with brick size 5 or even less and brick size 10 if above 100. These are mostly GBP pairs. WTI is best with 10 but you get more trades with 5. Dow is best with brick size 20 but you need a an account that has a good leverage. I tried the DAX with brick size 20 but 10 is better. The first chart is for trading DOW with its full value while the second chart is for e-mini. There are big differences in leverage and the tick value. Both charts...
Thank you very much for your support
  • #458
  • Jan 3, 2021 3:48am Jan 3, 2021 3:48am
[quote = pantera1; 13339432] {quote} sibianaga: Die .mq4-Datei ist korrekt, aber einige Einstellungen unterscheiden sich von der von Ihnen erwähnten .ex4-Datei. Abgesehen von Farben und Größen sollte die MA_Verschiebung -2 sein, die MA_Periode sollte 1 sein, der Faktor sollte 1 sein und das ATRdelta sollte 0,57 sein. Ich werde hier eine weitere Kopie der .mq4-Datei anhängen, wobei diese Änderungen vorgenommen werden, sodass die .ex4-Datei beim Kompilieren mit der zuvor veröffentlichten .ex4-Datei identisch ist. Versuchen Sie außerdem, Mean Renko-Steine zu verwenden. Ich denke, Sie werden feststellen, dass sie frühere Ein- und Ausgänge zulassen. {file} [/ quote]

Thank you.

Does it repaint?
  • #459
  • Jan 3, 2021 7:21am Jan 3, 2021 7:21am
Yes it repaints also with Ma at 1 and shift at -2 the signal will appear after 2 forward bars are formed.
The turn should be treated as Early indication that price has stabled and reversal is possible.
Most if not all Half trend indicators are done to show fake revesals on past formations.
  • #460
  • Jan 3, 2021 7:50am Jan 3, 2021 7:50am
Quoting Hutch
{quote} I use standard Renko but mean is also quite popular. For Forex if the ATR is below 100 it's best to trade with brick size 5 or even less and brick size 10 if above 100. These are mostly GBP pairs. WTI is best with 10 but you get more trades with 5. Dow is best with brick size 20 but you need a an account that has a good leverage. I tried the DAX with brick size 20 but 10 is better. The first chart is for trading DOW with its full value while the second chart is for e-mini. There are big differences in leverage and the tick value. Both charts...
I think we may have different renko ea`cause mine 3 is 3 pips and om dow one pip is 100 so when i used stoploss on Dow it was 1200 and the boxes 600 so the boxes SL
Insanityoing same ting over expecting different results..Einstein
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