Attachments: RENKO Boxes Trade easy

RENKO Boxes Trade easy

#1,301
May 10, 2019 6:43am May 10, 2019 6:43am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

Renko Boxes trading EURUSD today buy MarketOrders and buy StopOrders

Attached Image (click to enlarge)

[email protected]

#1,302
Edited 7:12am May 10, 2019 6:59am | Edited 7:12am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

- Renko Boxes 5 Pips with the evo-renko EA

- trade only buy if the price is over the middle line evo-donchian Indi

- trade only sell if the price is below the middle line evo-donchian Indi

- trade buy the ghostbiker Indi must change from yellow to green

- trade sell the ghostbiker Indi must change from green to yellow

- trade the next box after the first box (second box)

- confirmation the hull MA change the color

- look what the strength Indicator say for the 2 currency which go up which go down

- make the orders MarketOrder - LimitOrder or StopOrder with the One Click EA total easy and fast

everybody can trade Renko Boxes easy and with good win rate

[email protected]

#1,303
May 10, 2019 7:04am May 10, 2019 7:04am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

Renko Boxes trading GBPAUD buy with MarketOrders and StopOrders
here the pic

Attached Image (click to enlarge)

[email protected]

#1,304
May 10, 2019 7:19am May 10, 2019 7:19am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

Renko trading closed today + 1.1% win

#1,305
May 10, 2019 7:27am May 10, 2019 7:27am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

Attached Image (click to enlarge)

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Name: Renko_Boxes_5.PNG
Size: 174 KB

[email protected]

#1,306
May 10, 2019 8:21am May 10, 2019 8:21am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

Renko trading per today 89.8% winrate for manually trading not bad

Attached Image (click to enlarge)

[email protected]

#1,307
May 10, 2019 9:27am May 10, 2019 9:27am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

Attached Image (click to enlarge)

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Name: Renko_05.10.2019_2.PNG
Size: 31 KB

[email protected]

#1,308
May 10, 2019 5:16pm May 10, 2019 5:16pm

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

Renko copy trading

Hi traders I offer now for one month free copy trading, starting only until 05.15.2019 possible, copy trading in demo accounts for 1 month until 06.14.2019

The trading is done manually with Renko chart as the pictures here in the thread with these indicators and the one click expert advisor for the orders

Copy trading is sent over the internet, I have the sender on my account and you get a receiver and the exact description for the installation in your MT4 demo account. I will give you all you need for the Installation in your MT4 including description

Please note: Your PC or Server / VPS must be online 24/5 Sunday 21:00 GMT - Friday 21:00 GMT

25 traders can participate a maximum in copy trading. Report to my e-mail address: [email protected]

#1,309
May 11, 2019 3:39am May 11, 2019 3:39am

Hutch
Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts

Your system is excellent Ghostbiker but, as you know, Renko brick size of 10 pips cannot be applied to all pairs. Below is my system using 10 pips for low ATR pairs (GBPUSD), 50 pips for high ATR pairs (USDDKK) and 500 pips for the DAX (Red vertical lines sell, blue vertical lines buy and yellow vertical lines close trade).
If you're interested in how I trade Renko here is the link https://www.forexfactory.com/showthr...5#post12263635

Attached Image(s) (click to enlarge)

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Name: GBPUSDM2.png
Size: 38 KB

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Name: USDDKKM2.png
Size: 37 KB

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Name: GER30M2 Buy-Sell.png
Size: 43 KB

#1,310
Edited 10:29am May 11, 2019 8:12am | Edited 10:29am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

- low ADR pairs is not so good to trade with Renko

- 500 Pips for GER30 ?? you have 10 Pips and lower by GER30 in your Chart and not 500 Pips look for the price
- GER move not all days 500 Pips or 100 Pips or 50 Pips
- by GER30 from 12235 to 12245 = 10 Pips in your Chart

- excuse this in your Charts are NOT Renko boxes this are candles in a other form or Renko with wicks including,

- Renko boxes must have all the same high

5, 10 or you want 50 Pips by GER30 or Dow
- for GER30 I mean 20 Pips Boxes are the maximum

- your Trendline fast Indicator repainting

#1,311
Edited 10:27am May 11, 2019 8:49am | Edited 10:27am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

here are a pic with 20 Pips Renko boxes by GER30 (look to the price)

how will you trade with 500 Pips boxes ??? move 1000 Pips you have 2 boxes ???
you can't trade with 500 Pips boxes or 100 Pips boxes

Attached Image (click to enlarge)

her are a pic with 50 Pips Boxes by USDDKK (look the price)
this are all 50 Pips boxes on one day, you can't trade with 50 Pips boxes USDDKK

you have only one buy and one sell box on 10th may with 50 Pips boxes

10 Pips boxes are the right boxes for USDDKK not higher

I trade since 2009 with Renko boxes, very much trader trade Renko with 2 or 5 Pips boxes with scalping

Attached Image (click to enlarge)

here are a pic with 15 Pips Boxes on GBPUSD Chart

- you have only 1 Box buy and 1 box sell / day, how you trade these ??

Attached Image (click to enlarge)

#1,312
May 11, 2019 9:20am May 11, 2019 9:20am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

#1,313
May 11, 2019 7:20pm May 11, 2019 7:20pm

Hutch
Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts

Quoting ghostbiker

Disliked

here are a pic with 20 Pips Renko boxes by GER30 (look to the price) how will you trade with 500 Pips boxes ??? move 1000 Pips you have 2 boxes ??? you can't trade with 500 Pips boxes or 100 Pips boxes {image} her are a pic with 50 Pips Boxes by USDDKK (look the price) this are all 50 Pips boxes on one day, you can't trade with 50 Pips boxes USDDKK you have only one buy and one sell box on 10th may with 50 Pips boxes 10 Pips boxes are the right boxes for USDDKK not higher I trade since 2009 with Renko boxes, very much trader trade Renko with 2 or...

Ignored

I agree with you that low ADR pairs are not that good with Renko but, in any case, it’s always better than trading them on a time based chart. I know that the trendline fast repaints but only if you close the chart and reopen it since it will recalculate everything. This is not a problem because we only trade in the present for the future and not in the past. I use scalper candles to see where the price of the candle is when it closes (gold dot). These are Renko bricks with wicks but they cannot be seen as compared to your Renko bricks. In any case both of us are using Renko bricks with wicks. Try trading 10 pips boxes for USDDKK and you will see that it’s not good. The ADR of USDDKK is over 300 pips a day and has a tendency to trend for a while but sometime it’s only 50 pips. For this reason I trade USDDKK on a VPS and overnight I use a TS of 75 pips just in case the trade retraces on me.

The Renko brick size depends on the chart you’re using. Looking at the chart you posted above you had 20 Renko bricks of 20 pips each. Attached are a M1 chart that produces Renko bricks of 20 pips each and the offline chart of 20 Renko bricks (M20) that it produced. From the yellow vertical line at 22:59 to the end of the trading day at 23:00 there were 55 Renko bricks of 20 pips each in 1 minute while you had only 20 for the whole day. The reason for this huge difference is that I’m using a tick chart with a pip value of $0.001 as shown in the indicator, while you're using a chart with a value of $1 per pip. I hope you now understand that I’m correct stating that I’m using 500 pips Renko bricks based on my chart. Your broker uses $1 per pip for the DAX while others use $0.10, $0.01 or, like, me, a tick chart of $0.001 per pip. In any case we all use the Renko brick size that we feel is adequate for our trading.

Attached Image(s) (click to enlarge)

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Name: GER30M1.png
Size: 24 KB

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Name: GER30M20.png
Size: 30 KB

#1,314
Edited 8:09pm May 11, 2019 7:53pm | Edited 8:09pm

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

here is USDDKK with 50 Pips, how you trade if come one Box day ???????????????????

look to the prices (you understand not pips you mean 1/10 Pips us one full Pip)

red Renko box on the pic: Price 6.63500 - 6.64000 = 50 Pips // blue Renko box price 6.64500 - 6.64000 = 50 Pips

GER30: from price 12180.00 to 12181.00 = 1 Pip and NOT 10 Pips

and what is ATR or ADR ? This is the past (day, week, month)

Attached Image (click to enlarge)

Click to Enlarge

Name: Renko_USDDKK.PNG
Size: 108 KB

#1,315
May 11, 2019 8:14pm May 11, 2019 8:14pm

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

@Hutch: hehehe

in your pic above GER30,M20 from 12180 to 12190 = 10 Pips distance and
you have 50 !!! Boxes for 10 Pips move = 0.2 Pips per Box ?? !!!!!!!!!!!!!!!! oh oh oh

excuse me this is grazy trading.
- not one Renko trader trade Renko boxes with 0.2 Pips and with offline Chart M20, why offline Chart M20 ??
- the rules for Renko Expert Advisor say M2 !!! for the offline charts

#1,316
May 11, 2019 8:26pm May 11, 2019 8:26pm

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

this is USDDKK chart Renko with 5 Pips Boxes, this is Renko Boxes trading

Attached Image (click to enlarge)

#1,317
May 12, 2019 2:31am May 12, 2019 2:31am

handy148
Joined Oct 2010 | Status: Trader | 2,827 Posts

Hutch explained it perfectly clearly - you just do not get it.

#1,318
May 12, 2019 8:07am May 12, 2019 8:07am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

there is only a definition of pips, one pip is one pip and not 10 pips !!!!!!!!!!!!!!!!!!!!!

- GER30 from 12180 - 12190 = 10 Pips and not more (you can believe it or not)

- USDDKK from 6.64200 - 6.64300 = 10 Pips and not more (you can believe it or not)

- all Renko traders round a round the world trade with TF M2 offline charts the Renko Boxes not with M20

- any trader can trade as he pleases but then he can stay outside,
here will be Renko original boxes traded with M2 offline charts !!

#1,319
Edited 8:20am May 12, 2019 8:07am | Edited 8:20am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

this is the chart for start today GBPAUD with Renko 5 Pips Boxes
- copy trading from this chart

Attached Image (click to enlarge)

#1,320
May 12, 2019 9:33am May 12, 2019 9:33am

ghostbiker
| Commercial User | Joined Jul 2015 | 4,729 Posts

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