Renko line in the sand | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RENKO Trading SYSTEM - RENKO Indicators 7 replies

Line in the Sand 106 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

Line in the Sand Part 2 4 replies

Daily Break and bounce - line in the sand 9 replies

Attachments: Renko line in the sand
Exit Attachments

Renko line in the sand

  • #81
  • Jul 13, 2017 7:50am Jul 13, 2017 7:50am
Still tweaking trying to find those easy middle trades and the best entries for them.
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 156.png Size: 70 KB
Let it turn and find your entry.
  • #82
  • Jul 17, 2017 12:23pm Jul 17, 2017 12:23pm
Quoting Intrepidpips
Still tweaking trying to find those easy middle trades and the best entries for them. {image}
Maybe this would give the best of 2 worlds -Tops and Bottoms/Easy Middle
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 160.png Size: 72 KB
Let it turn and find your entry.
  • #83
  • Jul 17, 2017 12:31pm Jul 17, 2017 12:31pm
Hi

Can add this Stoch momentum indi. Thx

Mojepole
  • #84
  • Jul 17, 2017 12:57pm Jul 17, 2017 12:57pm
Quoting mojepole
Hi Can add this Stoch momentum indi. Thx Mojepole

Here you go.
Attached File(s)
File Type: mq4 Stochastic Momentum (SMI) Histo Alerts Arrows.mq4   17 KB | 459 downloads
Let it turn and find your entry.
  • #85
  • Jul 17, 2017 1:40pm Jul 17, 2017 1:40pm
Not forgetting the HTF where the LITS is derived and "curve fitted" into the LTF.
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 161.png Size: 48 KB
Let it turn and find your entry.
  • #86
  • Jul 18, 2017 7:05am Jul 18, 2017 7:05am
Quoting Intrepidpips
{quote} Maybe this would give the best of 2 worlds -Tops and Bottoms/Easy Middle {image}
Still tweaking and seeking the best entries for the "easy middle" (and probably tops and bottoms) it's getting simpler.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RLITS 162.png Size: 62 KB
Click to Enlarge Name: RLITS 163.png Size: 72 KB
Let it turn and find your entry.
  • #87
  • Jul 18, 2017 7:24am Jul 18, 2017 7:24am
The BB replaced the MA bands and yeah it's tempting to pick Ts and Bs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RLITS 164.png Size: 63 KB
Click to Enlarge Name: RLITS 165.png Size: 83 KB
Attached File(s)
File Type: mq4 Bands_mod.mq4   3 KB | 352 downloads
Let it turn and find your entry.
  • #88
  • Jul 18, 2017 9:23am Jul 18, 2017 9:23am
Quoting Intrepidpips
I have been trading with Renko for a while now and have seen good days and bad days, caught some tops and some bottoms, blown one account, survived 2 margin calls in 24 hours (yesterday) I've been cautious and been spontaneous, but I'm still hanging on. I have gathered a few tactics in trading the Renko and have not had the discipline to stick with one. I am starting this thread to outline how I intend to trade my favorite setup, the "LINE IN THE SAND" This is more like a journal and discussion thread so feel free to weigh in. (Objective BS welcome)...
ovo point o bars ( pob) are Better than renko, just like point and figure charts, they don't hide the range nor do they favour the trend (unlike Reno), maybe you should try it
  • #89
  • Jul 19, 2017 7:37am Jul 19, 2017 7:37am
Quoting metta87
{quote} ovo point o bars ( pob) are Better than renko, just like point and figure charts, they don't hide the range nor do they favour the trend (unlike Reno), maybe you should try it
Okay I will take a look at it.
Let it turn and find your entry.
  • #90
  • Jul 19, 2017 11:06am Jul 19, 2017 11:06am
Quoting metta87
{quote} ovo point o bars ( pob) are Better than renko, just like point and figure charts, they don't hide the range nor do they favour the trend (unlike Reno), maybe you should try it

Thanks man I didn't know this was available, it's much the same as Mathtrader7 Nongap Renko creator EA which I aided my learning some nuances of Renko.
On the HTF, I favor the regular Renko which smooths out a lot more noise then on the LTF the point O charts opens up multiple entry points, you see the ranges and the range breakouts and breakdowns. You just need a great filter and you will profit immensely.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RLITS 167.png Size: 75 KB
Click to Enlarge Name: RLITS 166.png Size: 70 KB
Let it turn and find your entry.
  • #91
  • Jul 19, 2017 12:13pm Jul 19, 2017 12:13pm
Quoting Intrepidpips
{quote} on the LTF the point O charts opens up multiple entry points, you see the ranges and the range breakouts and breakdowns. You just need a great filter and you will profit immensely. {image} {image}
Multiple entries but the only one I took was the only negative one.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RLITS 168.png Size: 59 KB
Click to Enlarge Name: RLITS 169.png Size: 75 KB
Click to Enlarge Name: RLITS 170.png Size: 71 KB
Let it turn and find your entry.
  • #92
  • Jul 21, 2017 8:20am Jul 21, 2017 8:20am
Quoting Intrepidpips
{quote} Thanks man I didn't know this was available, it's much the same as Mathtrader7 Nongap Renko creator EA which I aided my learning some nuances of Renko. On the HTF, I favor the regular Renko which smooths out a lot more noise then on the LTF the point O charts opens up multiple entry points, you see the ranges and the range breakouts and breakdowns. You just need a great filter and you will profit immensely. {image} {image}
Yeah they look like mathtrader7 "rail to rail" charts although he came up later with it. Actually those type of charts are just point and figure charts with variable reversals. They provide better visuals for grids and martingales.
  • #93
  • Jul 24, 2017 2:24am Jul 24, 2017 2:24am
Quoting metta87
{quote} Yeah they look like mathtrader7 "rail to rail" charts although he came up later with it. Actually those type of charts are just point and figure charts with variable reversals. They provide better visuals for grids and martingales.
This is certainly a game changer for me, pin point entries and exits. Time to dump everything else and focus on trading.
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 171.png Size: 66 KB
Let it turn and find your entry.
  • #94
  • Aug 17, 2017 3:54am Aug 17, 2017 3:54am
Being fine tuning my entries, yes the entries and need something simple and uncomplicated so I turned to the CCI and OSMA.
It's a pity that I have not "trained" well enough with these as EU just fell and fell today.
I have been sticking to a 3.4 pips blind SL and minimum of 1/3 RR,so will see going forward.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RLITS 174.png Size: 89 KB
Click to Enlarge Name: RLITS 175.png Size: 73 KB
Let it turn and find your entry.
  • #95
  • Oct 10, 2017 3:21am Oct 10, 2017 3:21am
Quoting Intrepidpips
Being fine tuning my entries, yes the entries and need something simple and uncomplicated so I turned to the CCI and OSMA. It's a pity that I have not "trained" well enough with these as EU just fell and fell today. I have been sticking to a 3.4 pips blind SL and minimum of 1/3 RR,so will see going forward. {image} {image}
Throwing the uncomplicated away I devised a "Holy Grail" but alas twas too good to be true.
I have zero-tolerance for repainting indicators. so I trimmed it down.
Here's what it looked like.
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 183.png Size: 82 KB
Let it turn and find your entry.
  • #96
  • Oct 10, 2017 3:22am Oct 10, 2017 3:22am
The HTF look remains "uncomplicated"
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 184.png Size: 66 KB
Let it turn and find your entry.
  • #97
  • Oct 10, 2017 3:26am Oct 10, 2017 3:26am
After trimming down from live market views I reduced the LTF to this.
Forward resting it produced great entries and filtered out some negative signals.
Out of 5 trend following signals I only took 1 and I took a counter trend signal (rather late a bit rusty?)
The 5 signals were all positive. Still will watch more when I have the time and work on EXITS.
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 185.png Size: 86 KB
Let it turn and find your entry.
  • #98
  • Oct 10, 2017 8:40am Oct 10, 2017 8:40am
Hi Intrepidpips, could you share this newest template & indis? It looks very promising.
  • #99
  • Oct 11, 2017 6:04am Oct 11, 2017 6:04am
Quoting Saerill
Hi Intrepidpips, could you share this newest template & indis? It looks very promising.
I am still observing it with a view to forward testing it, but I am not always online, when I am through, I will unleash it.
Meanwhile all the indies are available on FF.
Let it turn and find your entry.
  • #100
  • Oct 11, 2017 1:46pm Oct 11, 2017 1:46pm
The bulls and bears fought hard today to get the upper hand until the bulls broke out in the US session. The double tops and bottoms in the HTF were good pointers to direction of money flow.
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 186.png Size: 71 KB
Let it turn and find your entry.
1 trader viewing now