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Renko trading using proven strategy

  • #121
  • Jun 4, 2020 9:52pm Jun 4, 2020 9:52pm
Attached Image (click to enlarge)
Click to Enlarge Name: gnd.jpg Size: 144 KB

I am effective on large bricks. There is a massacre with small bricks. A lot of signals loss of money. If someone has an idea for trading small bricks, I invite you to a conversation
if you're doing we all have results with all
  • #122
  • Jun 5, 2020 12:36pm Jun 5, 2020 12:36pm
Quoting jarfx05
{image} I am effective on large bricks. There is a massacre with small bricks. A lot of signals loss of money. If someone has an idea for trading small bricks, I invite you to a conversation
Small bricks are only good with low ATR pairs since a trader would not get many good trades with bigger bricks. But then I only trade high ATR pairs
  • #123
  • Jun 5, 2020 1:07pm Jun 5, 2020 1:07pm
Quoting Hutch
{quote} Using 10 pips Renko only news can really screw up a trade so best is not to enter into a trade before a major news. Normally the MACD will stay above/below zero as the case may be until there are 2 opposite candles as shown in the picture. The trendline indicates entry/exit. As with any system don't expect to win all trades {image}

Thought try this template with a MA filter on DAX 6 pip bricks and demoed today. only caught 4 trades due to painting step daughter room but got 90 pips 900 points how ever you wanna look at it. Very consistant. 3 wins 1 loss
  • #124
  • Jun 5, 2020 1:39pm Jun 5, 2020 1:39pm
small bricks ..
i guess classics
support resistance breakouts trends
Fibonacci
Everything flows. Learn to Earn.
  • #125
  • Jun 6, 2020 2:04am Jun 6, 2020 2:04am
Quoting jarfx05
{image} I am effective on large bricks. There is a massacre with small bricks. A lot of signals loss of money. If someone has an idea for trading small bricks, I invite you to a conversation

Have a look at this site on Youtube. It might help.

https://www.youtube.com/channel/UC33...qY756Yp7FbZnQQ


Regards.
One against the many.
  • #126
  • Jun 8, 2020 2:46am Jun 8, 2020 2:46am
Quoting FxSpartan
{quote} Have a look at this site on Youtube. It might help. https://www.youtube.com/channel/UC33...qY756Yp7FbZnQQ Regards.
Quite a nice strategy but too many days with only a few Renko bricks. On such a low ATR pair (USDCHF) low Renko brick sizes are best but a trader will not get many trades.
  • #127
  • Jun 8, 2020 3:13am Jun 8, 2020 3:13am
If you use the STG Renko Chart and the STG Renko Chart remote indicators you will often notice that when you open your chart in the morning there seems to be too few Renko bricks. This is because the STG Renko Chart did not update the remote chart. Although the correct price is shown on the remote chart and will keep updating properly the chart is incomplete. To solve this problem all you have to do is to update the chart by changing the size of bricks on the remote chart then put it back to the original brick size. The first chart shows my GBPAUD chart when I first opened it. As you can see there were only 5 Renko bricks for today (2 long and 3 short). After changing the brick size on the STG Renko Chart remote indicator from 10 pips to 9 pips then putting it back to 10 pips the chart is now shown correctly. The first chart shows the chart when I opened it. The second chart shows the updated chart after I changed the brick size to 9 pips then put it back to 10 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDM67-Before.png Size: 35 KB
Click to Enlarge Name: GBPAUDM67-After.png Size: 40 KB
  • #128
  • Jun 8, 2020 6:05am Jun 8, 2020 6:05am
Quoting Hutch
If you use the STG Renko Chart and the STG Renko Chart remote indicators you will often notice that when you open your chart in the morning there seems to be too few Renko bricks. This is because the STG Renko Chart did not update the remote chart. Although the correct price is shown on the remote chart and will keep updating properly the chart is incomplete. To solve this problem all you have to do is to update the chart by changing the size of bricks on the remote chart then put it back to the original brick size. The first chart shows my GBPAUD...
That is why I do not use STG for real trade. Another disadvantage is the STG will not show the amount of renko bricks you want on the chart. Ok this is not a big problem but there is a better solution. Congratulations, you are the only one who noticed this error.
if you're doing we all have results with all
  • #129
  • Jun 8, 2020 6:22am Jun 8, 2020 6:22am
Quoting jarfx05
{quote} That is why I do not use STG for real trade. Another disadvantage is the STG will not show the amount of renko bricks you want on the chart. Ok this is not a big problem but there is a better solution. Congratulations, you are the only one who noticed this error.
What I like the most about STG is that I can easily change the brick size without having to modify the Renko generator EA or indicator on the source M1 chart and open a new Renko chart. This features saves a lot of time when checking different Renko brick settings.
  • #130
  • Jun 8, 2020 6:28am Jun 8, 2020 6:28am
Strategies can be improved so I modified the strategy in post #40 as follows:

1. Changed the 2 MA crossover (4,3) with MA cross Alert (3,2). Although it doesn’t correspond with the FxBayMACD settings it provides an earlier alert.

2. Added a halftrend indicator that also gives an earlier alert.

Please note that the FxBayMACD remains the best indicator for this strategy. In the chart below I will not initiate a buy until the halftrend indicator produces an arrow and/or the FxBay MACD histogram is above the zero line.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM67.png Size: 40 KB
Attached File(s)
File Type: zip FxBay.zip   251 KB | 1,128 downloads
  • #131
  • Jun 8, 2020 6:36am Jun 8, 2020 6:36am
Here is the chart update. Writing the previous post I missed the entry
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM67.png Size: 39 KB
  • #132
  • Jun 9, 2020 5:35am Jun 9, 2020 5:35am
Quoting Hutch
Here is the chart update. Writing the previous post I missed the entry {image}
Hello Hutch !
Thank you very much for your post. I really like the ideas that you share with us.
The Fx bay system looks promising to me. I test it.
HalfTrend TT [x5v4].ex4 indicator gives us an early signal, but it has no push notification.
Do you know a version of it wich produces push notification ?
I have a full time job and try to test the signals.
Thanks
Sz
  • #133
  • Jun 9, 2020 5:44am Jun 9, 2020 5:44am
Quoting neilpryde
{quote} Hello Hutch ! Thank you very much for your post. I really like the ideas that you share with us. The Fx bay system looks promising to me. I test it. HalfTrend TT [x5v4].ex4 indicator gives us an early signal, but it has no push notification. Do you know a version of it wich produces push notification ? I have a full time job and try to test the signals. Thanks Sz
Maybe this one
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 80 KB
Attached File(s)
File Type: ex4 half-trend nrp_mladen.ex4   29 KB | 737 downloads
  • #134
  • Jun 9, 2020 10:00am Jun 9, 2020 10:00am
Quoting Hutch
Here is the chart update. Writing the previous post I missed the entry {image}
What are you using for stop loss? I read through the post but not sure I saw this anywhere.

Thanks.
  • #135
  • Jun 9, 2020 11:14am Jun 9, 2020 11:14am
Quoting eurix
{quote} Maybe this one {file} {image}
All halftrends normally work properly with my strategy as long as the factor/period is set to 2.
  • #136
  • Jun 9, 2020 11:36am Jun 9, 2020 11:36am
Quoting namond1
{quote} What are you using for stop loss? I read through the post but not sure I saw this anywhere. Thanks.
Me bad … I don't use a stop loss. There are two reasons why I don't use it. First if the trend changes the halftrend will give a signal at which time you must look at the FxBay MACD to see if the histogram changed direction (above or below the zero line). If it did close the trade and see if you should open a new trade. The other reason is that I never have many trades opened at the same time so I see what's happening. Normally the trade as represented by the FxBay MACD will not change direction when you have two consecutive opposite color bricks as you can see in the chart in post #131. If you want to use a stop loss I think it's best is to use the equivalent of three bricks.
  • #137
  • Jun 9, 2020 12:47pm Jun 9, 2020 12:47pm
Quoting Hutch
{quote} Me bad … I don't use a stop loss. There are two reasons why I don't use it. First if the trend changes the halftrend will give a signal at which time you must look at the FxBay MACD to see if the histogram changed direction (above or below the zero line). If it did close the trade and see if you should open a new trade. The other reason is that I never have many trades opened at the same time so I see what's happening. Normally the trade as represented by the FxBay MACD will not change direction when you have two consecutive opposite color...
Thanks for that. I'll do some testing.

"Small bricks are only good with low ATR pairs since a trader would not get many good trades with bigger bricks. But then I only trade high ATR pairs"

What do you consider high ATR - over 100, 120, etc.?

Thanks in advance for answering my questions!
  • #138
  • Jun 9, 2020 1:36pm Jun 9, 2020 1:36pm
Let's give a chance.
Hutch we will see. Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 79 KB
  • #139
  • Jun 9, 2020 1:50pm Jun 9, 2020 1:50pm
Quoting namond1
{quote} Thanks for that. I'll do some testing. "Small bricks are only good with low ATR pairs since a trader would not get many good trades with bigger bricks. But then I only trade high ATR pairs" What do you consider high ATR - over 100, 120, etc.? Thanks in advance for answering my questions!
Everybody has an opinion about what a high and a low ATR is. For me a high ATR is above 100. As you can see in my charts I use a 10-day ATR as shown in the Infoboard indicator. Of course you might wish to use another value but a two week average is good enough for me. Please note that ATR values change over time. Prior to the month of March EURUSD had a 10-day ATR below 60. In April-May the 10-day ATR went above 100 and at this moment it's 93 but since the ATR is 123 at this time tomorrow's EURUSD ATR will most likely be closer to 100. The best pairs to trade have a high ATR with a low spread. EURJPY normally has an ATR above 100 every day with a low spread so it's a good pair. In the chart below Friday's ATR was 80 but the ATRs for the other days were above 100.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM67.png Size: 43 KB
  • #140
  • Jun 10, 2020 12:58pm Jun 10, 2020 12:58pm
This is not repaint.
Attached File(s)
File Type: ex4 HalfTrendT6.ex4   23 KB | 823 downloads
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