Renko Trading system | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

My Renko System Discussion 10 replies

RENKO Trading SYSTEM - RENKO Indicators 7 replies

Renko system 13 replies

Simple Renko System 208 replies

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

Attachments: Renko Trading system
Exit Attachments

Renko Trading system

  • #1
  • First Post: Edited Nov 3, 2018 1:15pm Nov 2, 2018 12:34pm | Edited Nov 3, 2018 1:15pm
I guys I want to share this renko trading system with all of you. I bought here from havo (https://www.forexfactory.com/havo). He promised me he trades full time with this and was easy and very profitable system with more than 70% winning rate with a R:R of 1:1. I don't think that is true after I tested it a bit. He also didnt want to help me after I told him I did not think that his system was profitable. So I'm gonna share it with you all and see if anyone can find it usefull.



Rules:

Only trade during London session.


Only BUY when MACD is above 0, price is above green MA and brick is green.

Only Sell when MACD is below 0, price is below red MA and renko brick is red.

For stop loss and tp try to stay a 1:1 r:r. And see the attached image.



You can enter Long, after a pullback. When green brick is formed after red brick. And buy rules are intact.

You can enter Short, after a pullback. When red brick formed after a green brick. And sell rules are intact.

Attached Image (click to enlarge)
Click to Enlarge Name: terminal_2018-11-02_11-43-32.png Size: 53 KB




You can also changes rules. Example: Go short only when macd is below 0 and got a red renko brick closeing below ma.

Try, experiments and post here results.

Brick size used is 5 pips.

Indicators you need are all attached.

MA settings: 10, 1, 0.

Macd settings: 5,10,2.
Attached File(s)
File Type: ex4 MA in Color_wAppliedPrice.ex4   13 KB | 1,184 downloads
File Type: ex4 MACD Alert2.ex4   15 KB | 1,152 downloads
File Type: ex4 STG_RenkoChart.ex4   143 KB | 1,548 downloads
  • #2
  • Nov 3, 2018 9:55am Nov 3, 2018 9:55am
Be interesting to see where this goes........
You can dump the MACD though it really isn't needed.
  • #3
  • Nov 3, 2018 12:35pm Nov 3, 2018 12:35pm
You are missing something KEY to place the trades man, i cna see several entrys; macd its redundant with THOSE settings, i told you what to use to be on the safe side..

But then again, you dont listen, you dont even try to understand or at least demo test it and se if it works or not (again you are missing 1 key element to place the trades)

You just want to make 100$ from 100$ in less than 1 month.. Good luck with that attitude
  • #4
  • Nov 3, 2018 1:10pm Nov 3, 2018 1:10pm
Quoting havo
You are missing something KEY to place the trades man, i cna see several entrys; macd its redundant with THOSE settings, i told you what to use to be on the safe side.. But then again, you dont listen, you dont even try to understand or at least demo test it and se if it works or not (again you are missing 1 key element to place the trades) You just want to make 100$ from 100$ in less than 1 month.. Good luck with that attitude

Are you trolling? Do you want me to post Skype history?? Because I can post it. These were all the steps you told me. No key element. Stop trolling
  • #5
  • Nov 3, 2018 1:13pm Nov 3, 2018 1:13pm
Quoting havo
You are missing something KEY to place the trades man, i cna see several entrys; macd its redundant with THOSE settings, i told you what to use to be on the safe side.. But then again, you dont listen, you dont even try to understand or at least demo test it and se if it works or not (again you are missing 1 key element to place the trades) You just want to make 100$ from 100$ in less than 1 month.. Good luck with that attitude
I have never used this system however, people will do anything just so they DON'T learn how market behaves and instead fully rely on a cross of some MAs or signal to make money..... With all systems you need an understanding of the market, if it was easy as buy/sell on MA cross everyone would be rich. If everyone was rich then relatively speaking no one is rich...
  • #6
  • Nov 3, 2018 6:03pm Nov 3, 2018 6:03pm
Quoting emicovi
I guys I want to share this renko trading system with all of you. I bought here from havo (https://www.forexfactory.com/havo). He promised me he trades full time with this and was easy and very profitable system with more than 70% winning rate with a R:R of 1:1. I don't think that is true after I tested it a bit. He also didnt want to help me after I told him I did not think that his system was profitable. So I'm gonna share it with you all and see if anyone can find it usefull. Rules: Only trade during London session. Only BUY when MACD...

So you bought this from Havo ?

Does he sell this to others that you know of ?

Perhaps Havo should be a commercial member .
Master your Mind,,,Master the Market
  • #7
  • Nov 3, 2018 7:05pm Nov 3, 2018 7:05pm
I can see this thread is going to go far......
I have plenty of popcorn.....
  • #8
  • Nov 3, 2018 11:04pm Nov 3, 2018 11:04pm
Quoting emicovi
{quote} Are you trolling? Do you want me to post Skype history?? Because I can post it. These were all the steps you told me. No key element. Stop trolling
post it
  • #9
  • Nov 4, 2018 8:52am Nov 4, 2018 8:52am
Believe it or not, I use a very similiar system and it does work. The trick is to catch a market that is trending and take the pullbacks. In a flat market, you will not make any money.
  • #10
  • Nov 4, 2018 10:38am Nov 4, 2018 10:38am
Quoting emicovi
I guys I want to share this renko trading system with all of you. I bought here from havo (https://www.forexfactory.com/havo). He promised me he trades full time with this and was easy and very profitable system with more than 70% winning rate with a R:R of 1:1. I don't think that is true after I tested it a bit. He also didnt want to help me after I told him I did not think that his system was profitable. So I'm gonna share it with you all and see if anyone can find it usefull. Rules: Only trade during London session. Only BUY when MACD...
How much did you pay for it ??
  • #11
  • Nov 4, 2018 11:43am Nov 4, 2018 11:43am
I didn't. I just saw one like this posted somewhere and started playing with it. I added a EMA 21 and when price retraced to it, I entered. When bar changed colors, I exited.
  • #12
  • Nov 5, 2018 1:25am Nov 5, 2018 1:25am
Very interesting this system.
is using EA in Renko chart possible?
  • #13
  • Apr 13, 2020 11:52am Apr 13, 2020 11:52am
Which time frame is more suitable to test this strategy ??
  • #14
  • Apr 13, 2020 12:16pm Apr 13, 2020 12:16pm
Ofline M67 time using.
  • #15
  • Apr 18, 2020 12:40pm Apr 18, 2020 12:40pm
Dear,
help me how to find M67 ?? for set up
  • #16
  • May 8, 2020 1:08pm May 8, 2020 1:08pm
Quoting Luciano26
Which time frame is more suitable to test this strategy ??
Quoting Atilla-Son
Ofline M67 time using.


Quoting Mianlien
Dear, help me how to find M67 ?? for set up


The STG RenkoChart indicator is to be put on a M1 chart and will produce the offline Renko chart. With the STG RenkoChart indicator you don't have to indicate the name of the offline chart, like M2 or M3, it will automatically choose the chart name like M62, M67, etc. If the ATR is low like AUDCHF, EURUSD, USDCAD etc. it's best to use 5 pips Renko charts. If the ATR is high such as all the GBP pairs it's best to use 10 pips Renko charts. On extremely high ATR pairs such as EURDKK, USDDKK and CFDs it's best to use 15-20 pips Renko charts.

The STG RenkoChart Remote indicator is to be put on the offline Renko chart that was produced by the STG RenkoChart indicator. If you want to change the size of the Renko bricks you can change the number of pips on either the STG RenkoChart indicator or the STG RenkoChart Remote indicator. This feature is very useful if you want to test various Renko brick sizes on the same chart. Hope this helps.
Attached File(s)
File Type: ex4 STG_RenkoChart.ex4   143 KB | 546 downloads
File Type: ex4 STG_RenkoChart_Remote.ex4   117 KB | 527 downloads
  • #17
  • May 8, 2020 2:00pm May 8, 2020 2:00pm
Quoting Hutch
{quote} {quote} {quote} The STG RenkoChart indicator is to be put on a M1 chart and will produce the offline Renko chart. With the STG RenkoChart indicator you don't have to indicate the name of the offline chart, like M2 or M3, it will automatically choose the chart name like M62, M67, etc. If the ATR is low like AUDCHF, EURUSD, USDCAD etc. it's best to use 5 pips Renko charts. If the ATR is high such as all the GBP pairs it's best to use 10 pips Renko charts. On extremely high ATR pairs such as EURDKK, USDDKK and CFDs it's best to use 15-20 pips...

Hutch, I downloaded the Renko and this is what I get - https://www.screencast.com/t/yN5XXteui2K9

These look like candles to me and not renko bricks. How do you get the Renko bricks here?
  • #18
  • May 8, 2020 2:35pm May 8, 2020 2:35pm
Quoting sp33dr4ge
{quote} Hutch, I downloaded the Renko and this is what I get - https://www.screencast.com/t/yN5XXteui2K9 These look like candles to me and not renko bricks. How do you get the Renko bricks here?
Your chart is a normal GBPUSD H4 chart. If you correctly applied the STG RenkoChart on a M1 chart and clicked Allow DLL imports the indicator produced the offline chart with the number of Renko bricks per candle as per your choice in the input tab. Then you need to open the offline chart related to the currency pair (probably GBPUSD M66).
  • #19
  • May 8, 2020 3:28pm May 8, 2020 3:28pm
Quoting Hutch
{quote} Your chart is a normal GBPUSD H4 chart. If you correctly applied the STG RenkoChart on a M1 chart and clicked Allow DLL imports the indicator produced the offline chart with the number of Renko bricks per candle as per your choice in the input tab. Then you need to open the offline chart related to the currency pair (probably GBPUSD M66).

Hey Hutch, Thanks for the help. Okay I got that figured out. I can see the Renko chart now. My next question is... since it's offline, how do I update it? Do I have to delete the chart and open an online one and then re-open the offline everytime I want price to update?
  • #20
  • May 8, 2020 3:48pm May 8, 2020 3:48pm
I am also having trouble opening up the Renko chart so I can see data back from months ago. I am trying to set my pip size to 30 on GBP/USD but I am wanting to see data back from 6 months doing this... it seems when I load the Renko it only shows back a few days. Any ideas on this?
0 traders viewing now