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Trading Renko

  • #961
  • Apr 2, 2018 8:57am Apr 2, 2018 8:57am
hello traders
i think divergence powerly signal for trade
please see examples
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  • #962
  • Apr 3, 2018 11:34am Apr 3, 2018 11:34am
Quoting bs8181
hello traders i think divergence powerly signal for trade please see examples {image} {image} {image}
It seems like it will work. Its just to have it made into a system to test over a period.
R:R "Percentage Focus"
  • #963
  • Apr 4, 2018 8:08am Apr 4, 2018 8:08am
Quoting PrinceJ58
{quote} It seems like it will work. Its just to have it made into a system to test over a period.
hi,
the system is running,
but you should test it for a long time.

scalping : renko box 4-5-6 pip
day trading : renko box 10-15-20 pip
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  • #964
  • Apr 16, 2018 12:02pm Apr 16, 2018 12:02pm
Quoting bs8181
hello traders i think divergence powerly signal for trade please see examples {image} {image} {image}

Hi, i agree with you on power of divergences and i am always looking for them when trading. Your charts looks nice, can you share settings of rsi and moving average please ?
  • #965
  • Apr 19, 2018 12:49pm Apr 19, 2018 12:49pm
Has anyone notice this?

Before the sydney session opens up at 4pm, the there's always a 20 pip 2 candle reverse move 99% of the time
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  • #966
  • May 11, 2018 6:45pm May 11, 2018 6:45pm
Quoting PrinceJ58
Any Renko or CRB Specialist in the Thread could p.m. me please.
Pourquoi ?
  • #967
  • May 11, 2018 8:31pm May 11, 2018 8:31pm
Quoting metta87
{quote} Pourquoi ?
its ok i got my answer...
R:R "Percentage Focus"
  • #968
  • May 11, 2018 10:34pm May 11, 2018 10:34pm
Quoting PrinceJ58
{quote} its ok i got my answer...
Oh ok good, are you new to renko ?
  • #969
  • May 26, 2018 1:51am May 26, 2018 1:51am
Which renko bricksize in points do you trade here? I am creating test mt4s and searching for usual sizes...
Vucking good EA coder... https://t.ly/AZjRM
  • #970
  • Jun 16, 2018 8:54pm Jun 16, 2018 8:54pm
Good day fellows;

Where can I get safe / high quality renkos with wicks please, hope am in the right place here



Thanks
  • #971
  • Jun 22, 2018 12:52pm Jun 22, 2018 12:52pm
Quoting Trade-Master
Good day fellows; Where can I get safe / high quality renkos with wicks please, hope am in the right place here Thanks
ovo.cz you'll have to buy it but at least you'll have support for it. If you get a free one from here it may/may not work consistently, might/might not get support etc. If metatrader updates and the renko's don't work anymore and you have no support on your free renko's, your up a creek without a paddle. I bought my license from there a couple years ago I guess and I have no complaints... I guess what I'm trying to say, you get what you pay for sometimes..

Happy trading!
  • #972
  • Jun 22, 2018 1:19pm Jun 22, 2018 1:19pm
Quoting tipsonpips
The Renko charts look great in review but how do they work in real time. I have never used them.
Get one that works like it should = the bars look the same every time you restart the platform, and you'll be fine. They are good for momentum and for support/resistance. I trade futures now so I'm using Sierra chart and they have renko's built in. I just use renko's and some P&F's.. no time based charts of any kind.
  • #973
  • Jun 22, 2018 11:17pm Jun 22, 2018 11:17pm
Quoting xgoshx
Has anyone notice this? Before the sydney session opens up at 4pm, the there's always a 20 pip 2 candle reverse move 99% of the time {image}
What pair does this happens on please and is that at 4pm EST
  • #974
  • Edited Aug 20, 2018 12:11am Aug 19, 2018 11:52pm | Edited Aug 20, 2018 12:11am
Hi,
Do we have ea that trade renko just by colour change?
if last bar green ea open a buy on next bar then keep this 1 position only open until it close on opposite colour.
if last bar red ea open a sell position then keep this 1 position only open until close on opposite colour too.

to filter trade just put typical 200 ma or any option for number/type of your choice to determine trend direction. Above ma only buy, below ma only sell.

please share with me.

the nearest I found this ea but it keep open position on every bar continously until colour changes. We need to limit it to 1 trade only.

Other ea i found need to wait for 2 same colour bar to open position on 3rd bar. too late.
Attached File(s)
File Type: mq4 The Captain's auto trading robot by Steve Hopwood.mq4   25 KB | 459 downloads
Trend. Price. And nothing else matters.
  • #975
  • Aug 21, 2018 12:54pm Aug 21, 2018 12:54pm
forex_lover : have you tried this method manually and with what results ? The EA that will be needed will need to be variable. i.e. but when colour changes on 1st., 2nd., etc. bar as specified by used. Separate but identical input on sell. Reason being that the buy and sell requirements MIGHT be different for different pairs or at different weeks. Best to have the flexibility built in at birth. I know in backtesting the hit rate is around 75 % positive. Unbelievably encouraging and so I need further proof of viability. I now need to do paper forward testing and analysis before losing my family.
  • #976
  • Aug 21, 2018 1:58pm Aug 21, 2018 1:58pm
Quoting Nagpada
forex_lover : have you tried this method manually and with what results ? The EA that will be needed will need to be variable. i.e. but when colour changes on 1st., 2nd., etc. bar as specified by used. Separate but identical input on sell. Reason being that the buy and sell requirements MIGHT be different for different pairs or at different weeks. Best to have the flexibility built in at birth. I know in backtesting the hit rate is around 75 % positive. Unbelievably encouraging and so I need further proof of viability. I now need to do paper forward...
Yes I agree if we can put bar number as variables but my strategy will be on the 1st bar colour changes.

Unfortunately I have no proper test due to renko as you know without timeframe and I cannot monitor my screen 24/5. Keep missing the signal. I just realise this system recently now trying to find EA for it to forward test. But you can see what I see right? so simple system yet so powerful

Why I believe in this system? We are combining 2 trading principle
1)trend is your friend=moving averages filter
2)price action=renko

If you can do forward test it's good, only then maybe we will spark interest.
Trend. Price. And nothing else matters.
  • #977
  • Aug 21, 2018 2:08pm Aug 21, 2018 2:08pm
https://www.forexfactory.com/attachm...1&d=1304848931

check this setup

Also download Tradingview software. It has renko charts and attach swing strategy from it's indicator list and do a syrategy test. Good luck
  • #978
  • Aug 21, 2018 2:25pm Aug 21, 2018 2:25pm
Quoting Nagpada
https://www.forexfactory.com/attachm...1&d=1304848931 check this setup Also download Tradingview software. It has renko charts and attach swing strategy from it's indicator list and do a syrategy test. Good luck
Sorry but what setup?

Nice. I will look Tradingview software. I never use it before. Thanks!
Trend. Price. And nothing else matters.
  • #979
  • Edited 6:29pm Aug 21, 2018 2:33pm | Edited 6:29pm
Keep me posted with your observation and inferences. Your link The Captains etc. also appears to be very workable. I will try to manually check in on a Renko chart in a ranging market will see. Did a quick manual test . 1 block reversal -- 2 block value loss. 3 block reversal --- break even. All else profit. System v. profitable. Did not calculate % profitable. Need to code and run a backtest on Tradingview for results. My next step.
  • #980
  • Aug 26, 2018 7:10am Aug 26, 2018 7:10am
Quoting Nagpada
Keep me posted with your observation and inferences. Your link The Captains etc. also appears to be very workable. I will try to manually check in on a Renko chart in a ranging market will see. Did a quick manual test . 1 block reversal -- 2 block value loss. 3 block reversal --- break even. All else profit. System v. profitable. Did not calculate % profitable. Need to code and run a backtest on Tradingview for results. My next step.
nice. please share your findings on backtest later.
Trend. Price. And nothing else matters.
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