Renko channel - very accurate (assembled by me) | Forex Factory

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Renko channel - very accurate (assembled by me)

  • #1
  • First Post: Edited Jun 26, 2020 4:16pm Apr 8, 2020 4:39pm | Edited Jun 26, 2020 4:16pm
Hi everybody,
today I would like to share with you a strategy that I took a few months to thin .. to the eye it is very simple, based on renko 10pips box charts ...
I started in December in assembling a good strategy, putting together some indicators, being very careful not to overdo it in filling the chart, and to date I can say that I have found an excellent system capable of bringing home, from 200 to 500 pips per week, following 3 simple rules.

I am also seriously thinking about using this new system as a second job.

but there are some angles to smooth about some indicators. problems can be solved by some good programmer if someone is available and kind.

these little tricks shown in the images, which once corrected ... would make the system far better. (for example the bands slow down the pc a lot)

in any case, if anyone has any idea of improvements .. adjustments, or replacements of indicators, any idea will be welcome.
strictly all based on renko of course.!

GUYS... I UPDATED THE SYSTEM !!!!! - 01/05/2020


Attached Image (click to enlarge)
Click to Enlarge Name: my trade example.jpg Size: 290 KB


Attached File(s)
File Type: rar New Valdecchio RENKO System 01.05.2020.rar   814 KB | 9,147 downloads | Uploaded Jun 26, 2020 4:15pm
re-upload 26/06/2020

- inside the compressed file you will also find a script, which will help you in building the renko chart.

- you will find an "Explanation" folder with 10 images where I explain, step by step the procedure to build a Renko chart.

- The rules have been reduced to 2 simple rules!
  • #2
  • Apr 8, 2020 5:44pm Apr 8, 2020 5:44pm
Want to "improve" your renko strategy??

Easy..

Read RENKO and what its telling you; as soon as you do that you can remove ALL indicators right away (they become useless/redundant) maybe just a momentum oscillator to backup what you are watching on the price

Dont put your faith in "indicators" to tell you when to enter/exit a trade.. its dumb, noob and will get you no where

After all you can not get any more accurate that reading price in itself and RENKO its stupid accurate once you know how to do it

Good luck
  • #3
  • Apr 8, 2020 6:33pm Apr 8, 2020 6:33pm
Quoting havo
Want to "improve" your renko strategy?? Easy.. Read RENKO and what its telling you; as soon as you do that you can remove ALL indicators right away (they become useless/redundant) maybe just a momentum oscillator to backup what you are watching on the price Dont put your faith in "indicators" to tell you when to enter/exit a trade.. its dumb, noob and will get you no where After all you can not get any more accurate that reading price in itself and RENKO its stupid accurate once you know how to do it Good luck

I have left out some details:
I use a VPS, and I receive the halftrend signals, I enter my vps from my smartphone, and in 10 seconds I see whether to enter the market. this is because I need to speed up my trading, I don't have the possibility to be in front of the pc all day. moreover, I started trading in 2006, I can read the price, putting together some indicators does not mean not knowing how to read the price, it means (FOR ME) speeding up the market entry procedure. that's all. and so far after 2 months of trades with this strategy ... it has worked great.
the way to be a trader, is ALWAYS ALWAYS Subjective !!
  • #4
  • Apr 8, 2020 7:01pm Apr 8, 2020 7:01pm
I've always had interest in Renko charts and i do believe if proper time is invested into it, it can be a very profitable trading method/strategy...your strategy looks good (haven't tried it yet) but i would like to know how the TMA bands works, do they re-adjust?
  • #5
  • Apr 8, 2020 8:15pm Apr 8, 2020 8:15pm
Quoting valdecchio
{quote} I have left out some details: I use a VPS, and I receive the halftrend signals, I enter my vps from my smartphone, and in 10 seconds I see whether to enter the market. this is because I need to speed up my trading, I don't have the possibility to be in front of the pc all day. moreover, I started trading in 2006, I can read the price, putting together some indicators does not mean not knowing how to read the price, it means (FOR ME) speeding up the market entry procedure. that's all. and so far after 2 months of trades with this strategy...

ah ok, thats different; if you are using those indis as "heads up" kind of alerts AND THEN you are the one deciding if its valid or not then its fine.. yea not everyone van be in front of a PC for a long time (not needed anyway honestly even using renko)

and no, trading its NOT "subjective" at all !!! the market speaks CLEARLY if its a good moment to enter or not, plain and simple.. the price tells you that with NO "subjectivity" at all
  • #6
  • Apr 8, 2020 9:18pm Apr 8, 2020 9:18pm
There's a nice guy on here named Beerrun. Maybe if you send him a message he will be able to help you with the speed issue you are having with your bands. You can also post your request in this thread.
Learn from your mistakes and march on.
  • #7
  • Apr 8, 2020 9:22pm Apr 8, 2020 9:22pm
I notice you have semafors on your chart. Repainting indicators are generally bad for trading. Have you had any issues with this?
Learn from your mistakes and march on.
  • #8
  • Apr 8, 2020 11:16pm Apr 8, 2020 11:16pm
Quoting havo
Want to "improve" your renko strategy?? Easy.. Read RENKO and what its telling you; as soon as you do that you can remove ALL indicators right away (they become useless/redundant) maybe just a momentum oscillator to backup what you are watching on the price Dont put your faith in "indicators" to tell you when to enter/exit a trade.. its dumb, noob and will get you no where After all you can not get any more accurate that reading price in itself and RENKO its stupid accurate once you know how to do it Good luck
So you are millionaire renko trader? Let the man trade his own way and with indicators or not if it works for him.
  • #9
  • Apr 9, 2020 1:54am Apr 9, 2020 1:54am
Quoting here2there
I notice you have semafors on your chart. Repainting indicators are generally bad for trading. Have you had any issues with this?
Bands also repaint.
  • #10
  • Apr 9, 2020 2:13am Apr 9, 2020 2:13am
Quoting havo
Want to "improve" your renko strategy?? Easy.. Read RENKO and what its telling you; as soon as you do that you can remove ALL indicators right away (they become useless/redundant) maybe just a momentum oscillator to backup what you are watching on the price Dont put your faith in "indicators" to tell you when to enter/exit a trade.. its dumb, noob and will get you no where After all you can not get any more accurate that reading price in itself and RENKO its stupid accurate once you know how to do it Good luck

Maybe you can give some details? I like Renko from the pictures I see, but always I tried they my own it was not very successful. You wrote "Read RENKO and what its telling you" - can you explain that?
  • #11
  • Edited 3:24am Apr 9, 2020 3:10am | Edited 3:24am
Thank for share bro.

How to open renko in chart?
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-m15-pepperstone-group-limited.png Size: 42 KB
  • #12
  • Apr 9, 2020 4:25am Apr 9, 2020 4:25am
Quoting here2there
I notice you have semafors on your chart. Repainting indicators are generally bad for trading. Have you had any issues with this?
no no problem ... we all know that it is the same as a zigzag, but it is an indicator, and as such indicates the peak of the price reached, then as explained in the screenshots it is necessary to observe the other indicators, semafor is just one of the other confirmations for enter the market.
  • #13
  • Apr 9, 2020 4:26am Apr 9, 2020 4:26am
Quoting 9money
Thank for share bro. How to open renko in chart? {image}
I updated the first post, read at the end of the post.
  • #14
  • Apr 9, 2020 4:41am Apr 9, 2020 4:41am
[quote = Anusragger; 12866667] {quote} Anche le bande vengono ridipinte. [/ quote]
the bands are not repaint ... I have always found all the conditions in real time within the two bands, including the conditions for entering the market. the only indicators definitely NOT repaint are:
halftrend mladen
the bands
spearman pre smoothed
the rest, even if reapaint ... help in putting together the entry rules.

this screenshot, for example, is taken right now and I am waiting for an entry confirmation:
Attached Image (click to enlarge)
Click to Enlarge Name: 7.jpg Size: 107 KB
  • #15
  • Apr 9, 2020 5:02am Apr 9, 2020 5:02am
Quoting here2there
There's a nice guy on here named Beerrun. Maybe if you send him a message he will be able to help you with the speed issue you are having with your bands. You can also post your request in this thread.
thank you very much, very kind, I did as you advised me.
we hope to read the message, in the meantime I also posted on the indicated thread.
  • #16
  • Apr 9, 2020 5:42am Apr 9, 2020 5:42am
I am not a fan of RENKO but this system look solid. Will try it out on demo. Thanks for sharing
  • #17
  • Apr 9, 2020 5:42am Apr 9, 2020 5:42am
this is a trade, which I opened yesterday, and perfectly reflects the rules of the system.

Attached Image (click to enlarge)
Click to Enlarge Name: 8.jpg Size: 197 KB
  • #18
  • Apr 9, 2020 6:30am Apr 9, 2020 6:30am
I like the system and logic using the envelope trend lines instead of the usual Bollinger bands. Are the indicators that you use standard issue in MetaQuotes or are they custom built? Where can they be down-loaded from?
  • #19
  • Edited 7:27am Apr 9, 2020 7:04am | Edited 7:27am
Quoting valdecchio
Hi everybody, today I would like to share with you a strategy that I took a few months to thin .. to the eye it is very simple, based on renko 10pips box charts ... I started in December in assembling a good strategy, putting together some indicators, being very careful not to overdo it in filling the chart, and to date I can say that I have found an excellent system capable of bringing home, from 200 to 500 pips per week, following 3 simple rules. I am also seriously thinking about using this new system as a second job. but there are some angles...
Only one of them, SemaforAlert, is not stolen, decompiled code.
Also the ram heaviness is probably due to the PriceBorder code calling its own EA or self through iCustom https://docs.mql4.com/indicators/icustom
Inserted Code
Gs_148 = WindowExpertName();
...
Gda_132[Li_4] = iCustom(NULL, Gi_164, Gs_148, "calculateTma", HalfLength, Price, ATRMultiplier, ATRPeriod, 0, Li_44);
Gda_136[Li_4] = iCustom(NULL, Gi_164, Gs_148, "calculateTma", HalfLength, Price, ATRMultiplier, ATRPeriod, 1, Li_44);
Gda_140[Li_4] = iCustom(NULL, Gi_164, Gs_148, "calculateTma", HalfLength, Price, ATRMultiplier, ATRPeriod, 2, Li_44);
Gda_144[Li_4] = iCustom(NULL, Gi_164, Gs_148, "calculateTma", HalfLength, Price, ATRMultiplier, ATRPeriod, 3, Li_44);
  • #20
  • Apr 9, 2020 7:38am Apr 9, 2020 7:38am
Thanks
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