Trading Renko

Many thanks Hutch. I am not sure if I will use it but I am interested to see how the indi looks with renko!

I trade pure renko charts with guppy MAs as confirmation of trend/consolidation periods.

Kindest regards

Private

Hello,

Can you place a peint from your chart as example ?

Hutch noticed you have been trading forex for a long time, what system do you currently use if you dont mind me asking?
thanks

Hi Luiz

For the same you can use a moving average (I like Jurik MAs) or a channel like Silver Channel. This is not the secret.

Regards / Abraço

Private

https://charts.mql5.com/24/111/gbpus...arkets-com.png

I'm a lazy trader 80%+ of my trades are on D1 charts and the other 20% using Renko charts mostly with the TMT Scalping System. Here is a Renko + TMT example

Nice I need to look at the daily more thanks!

CLOSE[2] <> CLOSE[4]

Posted on another thread and thought i should add into here:

New to the forum and focus on RENKO CHARTS only, with a parallel candlestick chart running for alerts.
Attached are positions from this week 01-02/06 and a nice strategy to show how my setups and SL works.

It's a pity that TRADINGVIEW wont allow these charts on the 1M TF to be public, as they claim other members cant react quick enough.
Even though its moving as a range. 1M TF was used to print a more accurate chart.

As shown on chart I had one position which opened but the bar was not printed until SL was hit. But I re-entered when it finally formed.

Update from previous post.

Went off the rails a bit. struggled to contain my emotions and traded irrationally.
As shown on chart, had way too many positions that didn't follow my rules before a large loss Tuesday night.
This created a bad atmosphere for my decision making on Wednesday when I woke up, and just added to my losing streak.

Managed to recover the loss with a position held over night. But went against my rules. Im not not happy but glad it happened.

It's hard to have full support in a system when bad periods play out, which can cause revenge trades.
Trying to keep the emotions in check seems to be the next task on this trading list.

The system looks good just need to allow it time to play out and accept the losses until the winners show themselves.

https://www.tradingview.com/chart/GB...ENKO-02-04-06/

Does anyone have a similar renko builder?

Here are two of them. I prefer the indicator because you can also attach any EA to the same chart for other purposes.
You might wish to read some of this thread to learn more about the EA.

Non-gap Renko Chart Creator EA | Forex Factory

Hello traders

How can I run Renko chart on trusted VPS?
I rent VPS from MQL5 but it doesn't allow to run renko on it.
Any advise for trusted VPS to allow me run renko chart on it.

Thanks in advance