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Trading Renko

  • #1,101
  • Sep 11, 2019 2:16pm Sep 11, 2019 2:16pm
Are renko EA profitable i wonder,
do you have any Renko EA and how it is perform ?
Everything flows. Learn to Earn.
  • #1,102
  • Sep 30, 2019 8:16am Sep 30, 2019 8:16am
Quoting ecryptom
Are renko EA profitable i wonder, do you have any Renko EA and how it is perform ?
EAs normally perform poorly with Renko unless they were made specifically for Renko and even those are not the best.
  • #1,103
  • Jan 4, 2020 6:36am Jan 4, 2020 6:36am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #1,104
  • Jan 6, 2020 7:25am Jan 6, 2020 7:25am
Quoting bs8181
{image}{image}
I fail to understand why you are using three oscillators while trading geometric Renko bricks shifted 10% with Ichimoku. After all Ichimoku already provides you with all the confirmations you need. Do these oscillators increase the accuracy of your trades?
  • #1,105
  • Jan 22, 2020 8:40am Jan 22, 2020 8:40am
Quoting havo
{quote} If you want i could show you 2 different unbalance patterns with range/renko charts.. fairly accurate for entrys
Hey, I am interested in this.
  • #1,106
  • Jan 25, 2020 7:56am Jan 25, 2020 7:56am
Candlestick charts were invented in Japan have become the actual standard for displaying price movements in all popular trading platforms. Now, candlesticks are the most used despite high frequency trading and other technical innovations. However, I have heard that now some traders prefer Renko bars. That's really interesting theme. All bars are of the same size, if the price has passed the limits that is added another bar. As in case of strong trends, several Renko bars are displayed. Time is not taken into account, so the longer the price does not move or goes in a narrow sideways range, the greater the lag from candlestick charts. This helps to remove noise, but on high timeframes it also has a negative effect - you can skip good entry points. It seems that Renko is very limited in its application, but in some strategies can be really useful.
  • #1,107
  • Jan 27, 2020 11:10am Jan 27, 2020 11:10am
Quoting Doomterror
... on high timeframes it also has a negative effect - you can skip good entry points. It seems that Renko is very limited in its application, but in some strategies can be really useful.
I don't know what you mean that on high timeframes it also has a negative effect because RENKO has no timeframe. Consequently it cannot very limited as you imply.
Which chart is best without any indicators? I can see more good entries on the RENKO 5 pips chart than on the 15 minutes chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD 5 Pips Renko.png Size: 21 KB
Click to Enlarge Name: EURUSDM15.png Size: 31 KB
  • #1,108
  • Jan 28, 2020 1:03pm Jan 28, 2020 1:03pm
Gents, my latest version of the Renko Chart defined within this discussion. I find it to be very clean and easy to swing or scalp daily. Cliff
Attached Image (click to enlarge)
Click to Enlarge Name: Revised Renko Jan 20.jpg Size: 261 KB
  • #1,109
  • Jan 28, 2020 4:50pm Jan 28, 2020 4:50pm
Quoting Doomterror
Candlestick charts were invented in Japan have become the actual standard for displaying price movements in all popular trading platforms. Now, candlesticks are the most used despite high frequency trading and other technical innovations. However, I have heard that now some traders prefer Renko bars. That's really interesting theme. All bars are of the same size, if the price has passed the limits that is added another bar. As in case of strong trends, several Renko bars are displayed. Time is not taken into account, so the longer the price does...

NOOO !!! no at all !!! you are watching and reading the price ONLY with NOT a single "extra" variable in the middle !!!

the so called "trend" in itself doesnt matter, its all about bricks in your favor from your entry point, wait the right spot to enter (super easy to see once you know) and close in profit.. rinse and repeat, period

everthing else its over complicating this activity.. period
  • #1,110
  • Jan 29, 2020 1:34pm Jan 29, 2020 1:34pm
Quoting havo
{quote} NOOO !!! no at all !!! you are watching and reading the price ONLY with NOT a single "extra" variable in the middle !!! the so called "trend" in itself doesnt matter, its all about bricks in your favor from your entry point, wait the right spot to enter (super easy to see once you know) and close in profit.. rinse and repeat, period everthing else its over complicating this activity.. period
Nice Havo post I couldn't have said it better
  • #1,111
  • Jan 30, 2020 2:28am Jan 30, 2020 2:28am
Havo what platform do you use for Renko with wicks? Plenty offer just the bricks (without wicks), I'm in the UK.
I'd like to understand more how you use the wicks in your trading, and ideally what you look for in a trade.
I've read a lot of your posts but maybe I haven't gone back far enough to find how you actually trade.
Maybe there are previous posts containing more info (ideally with chart examples)?
What you are saying makes a lot of sense.
Thanks in advance.
  • #1,112
  • Jan 30, 2020 11:57am Jan 30, 2020 11:57am
Quoting goose11
Havo what platform do you use for Renko with wicks? Plenty offer just the bricks (without wicks), I'm in the UK. I'd like to understand more how you use the wicks in your trading, and ideally what you look for in a trade. I've read a lot of your posts but maybe I haven't gone back far enough to find how you actually trade. Maybe there are previous posts containing more info (ideally with chart examples)? What you are saying makes a lot of sense. Thanks in advance.
I don't know what platform Havo is using and I will let him explain how he uses wicks in his trading.
Here are two EURUSD MT4 charts. The one without wicks is a "standard" Renko chart while the one without a wick is a "non- standard" Renko chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Standard Renko.png Size: 27 KB
Click to Enlarge Name: Not Standard Renko.png Size: 33 KB
  • #1,113
  • Feb 11, 2020 3:08pm Feb 11, 2020 3:08pm
Quoting havo
{quote} NOOO !!! no at all !!! you are watching and reading the price ONLY with NOT a single "extra" variable in the middle !!! the so called "trend" in itself doesnt matter, its all about bricks in your favor from your entry point, wait the right spot to enter (super easy to see once you know) and close in profit.. rinse and repeat, period everthing else its over complicating this activity.. period

What books or trend do you recommend so i can read OHLC of Renko Bars ?
  • #1,114
  • Mar 2, 2020 3:00am Mar 2, 2020 3:00am
I have a question about Renko ATR setting.

I had a trade window open on tradingview for 12 hours and didn’t refresh it or anything and saw the bricks being displayed. I took a screenshot and then refreshed the window and some of the bricks changed… Where there were 4 red bricks in a row there were now 3 red bricks and 1 green brick, or where there were 5 green bricks in a row there might only be 4 green bricks etc.
I know that bricks are displayed based on the average true range of the last 14 blocks (14 period setting) but why is it different the moment I refresh the window?
  • #1,115
  • Mar 4, 2020 1:27pm Mar 4, 2020 1:27pm
Quoting Hype
I have a question about Renko ATR setting. I had a trade window open on tradingview for 12 hours and didn’t refresh it or anything and saw the bricks being displayed. I took a screenshot and then refreshed the window and some of the bricks changed… Where there were 4 red bricks in a row there were now 3 red bricks and 1 green brick, or where there were 5 green bricks in a row there might only be 4 green bricks etc. I know that bricks are displayed based on the average true range of the last 14 blocks (14 period setting) but why is it different the...
With ATR setting the size of Renko bricks will change over time. If you have to refresh the window to see the difference I think that the problem is not with the Renko bricks but with tradingview since it should refresh automatically.
  • #1,116
  • Mar 25, 2020 12:57am Mar 25, 2020 12:57am
Good morning to all renko fellow traders!

Anyone have a SupDem mt4 indi that works in renko charts?

TIA
  • #1,117
  • Mar 31, 2020 3:31pm Mar 31, 2020 3:31pm
Hi

are there any serious renko traders around?

Cheers

Private
  • #1,118
  • Edited 2:24am Apr 1, 2020 2:10am | Edited 2:24am
Quoting privatefr
Hi are there any serious renko traders around? Cheers Private
I use renko, but I use cTrader for spot fx.
Attached Image (click to enlarge)
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5 pip - no wicks - keeping it real
  • #1,119
  • Apr 2, 2020 10:42am Apr 2, 2020 10:42am
Quoting KoiFish
{quote} I use renko, but I use cTrader for spot fx. {image} 5 pip - no wicks - keeping it real
Why dont you use the wicks ?
  • #1,120
  • Apr 2, 2020 11:13am Apr 2, 2020 11:13am
Quoting privatefr
Good morning to all renko fellow traders! Anyone have a SupDem mt4 indi that works in renko charts? TIA
It all depends how "works" is defined. In any case here is mine although I no longer use it
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSD-4M2.png Size: 46 KB
Attached File(s)
File Type: ex4 Supply Demand Indicator.ex4   66 KB | 396 downloads
File Type: pdf Supply Demand Indicator Strategy Guide.pdf   867 KB | 1,991 downloads
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