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Trading Renko

  • #941
  • Oct 25, 2017 4:36pm Oct 25, 2017 4:36pm
Here are some more charts that mt4 does not have.

These are all realtime.

hollow candles
kagi
linebreak
point&figure
Attached Image(s) (click to enlarge)
Click to Enlarge Name: hollow.png Size: 117 KB
Click to Enlarge Name: kagik.png Size: 116 KB
Click to Enlarge Name: linebreak.png Size: 108 KB
Click to Enlarge Name: point.png Size: 203 KB
  • #942
  • Oct 25, 2017 5:10pm Oct 25, 2017 5:10pm
Quoting hibra68
Hi I have a suggestion for those who want to trade renko with real time charts. I have Oanda as my broker and their browser based trading platform has alot of nice tools including realtime renko charts. I dunno if the charts work on demo accounts but why not? I will post a pick from the the platform so you can see how it looks. You dont have to trade with Oanda you can use the platform for your trading. If the demo doesnt allow it than just open a small account like the minimum they allow or something.(this is just an idea) Now you dont have to...
That looks like a re-branded TradingView platform to me...
  • #943
  • Oct 25, 2017 5:21pm Oct 25, 2017 5:21pm
Quoting SatchFan
{quote} That looks like a re-branded TradingView platform to me...
i dunno what that means but it works like a charm.
dont need to create offline charts, load tick data, repeat after each time u open ur mt4 and all that crap.
but if you like doing slk that than have fun.
  • #944
  • Oct 26, 2017 5:31am Oct 26, 2017 5:31am
Quoting hibra68
{quote} i dunno what that means but it works like a charm. dont need to create offline charts, load tick data, repeat after each time u open ur mt4 and all that crap. but if you like doing slk that than have fun.
http://www.tradingview.com

It looks like Oanda is using TradingView's technology and just putting their brand on it. TradingView is growing in use around the web. CME even uses TradingView's charts on their website.
  • #945
  • Nov 8, 2017 3:55pm Nov 8, 2017 3:55pm
Quoting Mapseam
{quote} Hi, Luhan! I made the EA for You. Try it in the Strategy Tester. {file} {file}
Interesting....the request was 2012 - the coding 2016....but the strategy looks good cause he not only has good results...many scammers have...but he just wanted this ea for him and than disappeard....I ll start testing tomorrow..
Vucking good EA coder... https://t.ly/AZjRM
  • #946
  • Nov 14, 2017 9:30am Nov 14, 2017 9:30am
Quoting Tekkies
{quote} After many months searching for a Renko generator that does not use or refer to wicks. Those that were found did not work properly. By using the code examples with trial and error coded this Renko generators. To use: Place Renko generators in correct folders Open any currency chart with timeframe M1 Drag or double click on renko generator Set Renko block size, offline time frame, template. - default: 10 pips block size - default: offline M2 / M3 - default template: Renko.tpl - offline chart will be posted on platform Uncheck offline chart...

I would like to ask you why everytime I start MT4 your indicator opens a new offline chart of every chart I plugged it in. Also can you edit it so I can apply indicator only to one chart and it generates different offline pairs out of one? Anyway perfect indicator.
  • #947
  • Dec 3, 2017 6:19am Dec 3, 2017 6:19am
Hi folks,
I would like to know if you are still using renko charts.
It's a very powerful tool, but I do not understand why all threads about it are dead or about to be.
Best
  • #948
  • Dec 3, 2017 6:34am Dec 3, 2017 6:34am
Quoting matmomo
I do not understand why all threads about it are dead or about to be. Best
Most likely reasons:
- the hassle to generate off line chart's
- wait two blocks for confirmation before placing an order
- draw down or lose of profit when Renko does a reversal in trend direction
- time duration between opening and closing order's (less order's means less profit)
- no "action" like the fast moving candle chart's
  • #949
  • Dec 3, 2017 6:54am Dec 3, 2017 6:54am
Quoting Tekkies
{quote} Most likely reasons: - the hassle to generate off line chart's - wait two blocks for confirmation before placing an order - draw down or lose of profit when Renko does a reversal in trend direction - time duration between opening and closing order's (less order's means less profit) - no "action" like the fast moving candle chart's
Hi Tekkies,
If someone use 20 pips brick on EU i'm agree with you.
But if you see my trade, 90% of my entry are @ breakout on renko 3 pips on Dax. Some exit are at Tp others at divergence, double tops etc.
So depends on what type of renko trading we use.
About problems about off line charts, if you want i can suggest an indicator that i use from 3 months very powerful and lighter than usuals ea.
Best

Luca
  • #950
  • Dec 3, 2017 7:00am Dec 3, 2017 7:00am
Quoting matmomo
.. but I do not understand why all threads about it are dead or about to be. Best
Did like the concept (not time based), very much and was using it not too long ago, until one day one of my stop losses was hit but the renko chart did not show price reaching (or even near) the stop loss price. On checking a normal (time) chart, price had indeed hit the stop loss price (there was a spike due to news), but the renko chart did not register this. This cast serious doubt in my mind as to whether the renko chart (off line) generated by all these renko chart indicators/EA actually reflect the true price all the time! So, the main issue for me is actually finding an accurate renko chart indicator that will reflect the true price 100% of the time including spikes etc. Until then, I will unfortunately stick with time (live) charts.
  • #951
  • Dec 3, 2017 7:14am Dec 3, 2017 7:14am
Quoting danjuma
{quote} Did like the concept (not time based), very much and was using it not too long ago, until one day one of my stop losses was hit but the renko chart did not show price reaching (or even near) the stop loss price. On checking a normal (time) chart, price had indeed hit the stop loss price (there was a spike due to news), but the renko chart did not register this. This cast serious doubt in my mind as to whether the renko chart (off line) generated by all these renko chart indicators/EA actually reflect the true price all the time! So, the...
Hi Danjuma,
I understand.
So i would like to suggest to you and to others member this renko generator that i find here on FF:

https://www.forexfactory.com/showthread.php?t=684131

From some months i use it.
If you want try it and let me know.
Best

Luca.
  • #952
  • Dec 3, 2017 7:19am Dec 3, 2017 7:19am
Quoting matmomo
{quote} Hi Danjuma, I understand. So i would like to suggest to you and to others member this renko generator that i find here on FF: https://www.forexfactory.com/showthread.php?t=684131 From some months i use it. If you want try it and let me know. Best Luca.
Funny enough matmomo, that was the exact one I was using when I experienced what I described above!
  • #953
  • Dec 3, 2017 7:22am Dec 3, 2017 7:22am
Quoting danjuma
{quote} Did like the concept (not time based), very much and was using it not too long ago, until one day one of my stop losses was hit but the renko chart did not show price reaching (or even near) the stop loss price. On checking a normal (time) chart, price had indeed hit the stop loss price (there was a spike due to news), but the renko chart did not register this. This cast serious doubt in my mind as to whether the renko chart (off line) generated by all these renko chart indicators/EA actually reflect the true price all the time! So, the...
It was not Renko that made the mistake.
Read this post.
https://www.forexfactory.com/showthr...10153913#reply

Quoting matmomo
{quote} Hi Danjuma, I understand. So i would like to suggest to you and to others member this renko generator that i find here on FF: https://www.forexfactory.com/showthread.php?t=684131 From some months i use it. If you want try it and let me know. Best Luca.
matmono that renko generator have some issue's. I do not know if Lawrence have resolved the problem's.
https://www.forexfactory.com/showthr...10149494#reply
  • #954
  • Dec 3, 2017 7:24am Dec 3, 2017 7:24am
Quoting danjuma
{quote} Funny enough matmomo, that was the exact one I was using when I experienced what I described above!
Ouch! Ahahah i'm sorry...
I use it from something like 3 months and all is ok.
I use Renko3 Renko5 and Renko10 without problem.
You used the ATR size or fix box like me?
  • #955
  • Dec 3, 2017 8:00am Dec 3, 2017 8:00am
Quoting matmomo
{quote} Ouch! Ahahah i'm sorry... I use it from something like 3 months and all is ok. I use Renko3 Renko5 and Renko10 without problem. You used the ATR size or fix box like me?
Hi matmomo, I was using fix box of 5 pips. The indicator generator seems to work most of the time, but would appear not able to cope/react with fast moving prices like a spike during a news event or something, like a live chart.
  • #956
  • Dec 3, 2017 9:04am Dec 3, 2017 9:04am
Quoting danjuma
{quote} Hi matmomo, I was using fix box of 5 pips. The indicator generator seems to work most of the time, but would appear not able to cope/react with fast moving prices like a spike during a news event or something, like a live chart.
Damn, I recommend it because using it with the Dax and its accelerations I've never had any problems.
Surely with the spike of a news is different.
I had not thought about it.

Best
  • #957
  • Dec 3, 2017 1:25pm Dec 3, 2017 1:25pm
Quoting Tekkies
matmono that renko generator have some issue's. I do not know if Lawrence have resolved the problem's. https://www.forexfactory.com/showthr...10149494#reply
hey Tekkies the link isnt working, what was the issue with that renko generator ? it looks a lot like ovo, i examined both and i think they re still different
  • #958
  • Dec 3, 2017 11:14pm Dec 3, 2017 11:14pm
Quoting metta87
{quote} hey Tekkies the link isnt working, what was the issue with that renko generator ? it looks a lot like ovo, i examined both and i think they re still different
The link refer to the same renko that matmomo is using. Scroll down to post#16
  • #959
  • Dec 27, 2017 11:11am Dec 27, 2017 11:11am
Quoting hibra68
Here are some more charts that mt4 does not have. These are all realtime. hollow candles kagi linebreak point&figure {image} {image} {image} {image}

Hi Hibra68


how do you use these for trading , please clarify ?
  • #960
  • Feb 2, 2018 12:04pm Feb 2, 2018 12:04pm
Can someone please tell me why I see multiple renko bricks, all moving in same direction, not closing after they have clearly surpassed the pre-determined brick size? I am just a little confused. I am only trading a 2 pip renko brick, but I literally saw 6 bricks in a row and none of them closed then BAM, they all cllosed at the same time. What is the obviousness that I am missing here?!?!?! Thank you in advance.
Kris
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