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Trading Renko

  • #1,081
  • Mar 15, 2019 7:02pm Mar 15, 2019 7:02pm
Renko is a very interesting strategy. I have EA Renko, next week, I'll share in forum.
  • #1,082
  • Mar 19, 2019 6:10am Mar 19, 2019 6:10am
I still do not understand about renko. What is trading renko?
  • #1,083
  • Mar 19, 2019 8:03am Mar 19, 2019 8:03am
Quoting JosepeMilo
I still do not understand about renko. What is trading renko?

https://www.investopedia.com/terms/r/renkochart.asp
  • #1,084
  • Mar 22, 2019 5:17am Mar 22, 2019 5:17am
My chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 213 KB
  • #1,085
  • Mar 24, 2019 4:15pm Mar 24, 2019 4:15pm
Hi Giselle,
Could you share your renko builder ? I am trying to find renko builder but all are outdated.
Thanks
  • #1,086
  • Mar 24, 2019 6:30pm Mar 24, 2019 6:30pm
Quoting Miafx
Hi Giselle, Could you share your renko builder ? I am trying to find renko builder but all are outdated. Thanks
Any help goes into indicators
Attached File(s)
File Type: ex4 STG_RenkoChart.ex4   143 KB | 1,192 downloads
  • #1,087
  • Mar 25, 2019 8:56am Mar 25, 2019 8:56am
Quoting bob44
{quote} Any help goes into indicators {file}
All you want to know about the STG system are in these links:

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

https://www.forexfactory.com/showthread.php?t=743756

https://www.forexfactory.com/showthread.php?t=737224
  • #1,088
  • Mar 27, 2019 3:46am Mar 27, 2019 3:46am
Renko chart is one of the alternative charts display prices on the forex trading terminal.
  • #1,089
  • Mar 27, 2019 3:31pm Mar 27, 2019 3:31pm
Thanks for STG renko chart script but unfortunately it is not working in last MT4 build. I can't find any working free version for last build.
  • #1,090
  • Mar 27, 2019 5:13pm Mar 27, 2019 5:13pm
Quoting Miafx
Thanks for STG renko chart script but unfortunately it is not working in last MT4 build. I can't find any working free version for last build.
If it works for me on MT4 build 1170 it should work for everyone using the latest MT4 platform. STG Renko are not scripts but indicators. You need to put the STG_RenkoChart indicator on a M1 chart as shown in the first picture and choose the size of the brick. Then you have to open the offline chart as shown in the second picture and put the STG_RenkoChart_Remote indicator on that chart. Every time you change the brick size on the STG_RenkoChart indicator on the M1 chart the brick size will change on the STG_RenkoChart_Remote chart. Even better, if you change the brick size on the STG_RenkoChart_Remote indicator on the second chart it will automatically change the brick size produced by the STG_RenkoChart indicator on the M1 chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Create Offline Chart.png Size: 11 KB
Click to Enlarge Name: Created Offline Chart.png Size: 16 KB
  • #1,091
  • Mar 27, 2019 5:16pm Mar 27, 2019 5:16pm
Quoting Miafx
Thanks for STG renko chart script but unfortunately it is not working in last MT4 build. I can't find any working free version for last build.
It works on MT4 build 1170 but STG renko are not scripts but indicators. Please take a look at the attached charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Create Offline Chart.png Size: 11 KB
Click to Enlarge Name: Created Offline Chart.png Size: 16 KB
  • #1,092
  • Mar 27, 2019 6:30pm Mar 27, 2019 6:30pm
Quoting Miafx
Thanks for STG renko chart script but unfortunately it is not working in last MT4 build. I can't find any working free version for last build.
Try this one . it goes into Experts, then open offline

Attached File(s)
File Type: ex4 RenkoLiveCharts_pimped_v4_13.ex4   28 KB | 1,093 downloads
  • #1,093
  • Mar 28, 2019 5:07pm Mar 28, 2019 5:07pm
Thank you guys, it is working now. i moved renko chart to scripts folder first time instead of indicator folder.
  • #1,094
  • Jun 15, 2019 3:52pm Jun 15, 2019 3:52pm
Hey guys, is there any trailing stops available specifically for the Renko chart?

So the trailing stop only moves by a set amount every time the price moves in one direction. E.g, if the bars are set to 40 pips, i want the stop to move exactly by 40 pips every time a new bar is created.

Thanks alot for your help!
  • #1,095
  • Jun 15, 2019 7:56pm Jun 15, 2019 7:56pm
Quoting Hutch
{quote} It works on MT4 build 1170 but STG renko are not scripts but indicators. Please take a look at the attached charts. {image} {image}
plz i need the indecetors and tmplate
  • #1,096
  • Jun 16, 2019 6:17pm Jun 16, 2019 6:17pm
Quoting Tekkies
{quote} Don't have any trades to post per se. Testing on live account for backtesting is unrealistic as you can see on the submitted report. Basically the expert has not been allowed to run unattended and without interference due to being still under development. "For me, the EA takes 2 trades at the same time." PlacingOrders = "Choose between Single or Multiple Orders"; TrueFalse = "Only one can be true"; UseSingleOrder = false; UseMultipleOrders = true; increase = "Increase number place 1 * number on brick 1 and 2"; samelot = "Same lot size on...
Hi Tekkies
Can I get a working ea for Renko?
Either on a trial or any other way
Thanks
  • #1,097
  • Jun 17, 2019 1:36am Jun 17, 2019 1:36am
Quoting mring16
{quote} Hi Tekkies Can I get a working ea for Renko? Either on a trial or any other way Thanks
That expert picked up a fight with a delete button and died shortly afterwards.
  • #1,098
  • Jun 17, 2019 3:32am Jun 17, 2019 3:32am
Hi Guys i have an EA that you just drag onto chart and it generates the renko bricks for you struggling to find optimum settings for it though for it to be optimum could you guys please look and see if we can get this running its for MT5 and has been coded in house.
Attached File(s)
File Type: ex5 BotArmy Renko v1.6.05.ex5   332 KB | 482 downloads
  • #1,099
  • Jun 17, 2019 3:46am Jun 17, 2019 3:46am
Quoting Tekkies
{quote} That expert picked up a fight with a delete button and died shortly afterwards.
Thanks Tekkies
  • #1,100
  • Jun 20, 2019 9:29pm Jun 20, 2019 9:29pm
Does anybody trade renko on think or swim? Last I looked into it they do have a native renko chart but their support team told me indicators (or studies) don't work on their charts, which is a bummer
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