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Renko trading using proven strategy

  • #181
  • Jun 14, 2020 6:07pm Jun 14, 2020 6:07pm
Quoting Hutch
{quote} I agree with Intrepidpips that more indicators can bring greater confidence in a trade but looking at your charts I see arrows that diverge from one to another. Could you please explain how the second red arrow (short trigger) and the first blue arrow (long trigger) on the first chart bring more confidence in entering into a trade?

One thing I must say about the T3 and low ADR pairs like EURUSD is that you need to use them on lower pips brick size, I'm guessing he's using 5pios or higher that is why the T3 seems so lagging.
Let it turn and find your entry.
  • #182
  • Jun 14, 2020 7:06pm Jun 14, 2020 7:06pm
Quoting Intrepidpips
{quote} And I am yet to see the T3 in live action, so still hold on to the 20 Smoothed MA which is closer to it. For some reason my "Best" moving average custom indicator just refuses to show in my MT4 navigator tab though it's visible in the File Folder I like it because of the MTF and colour change functions. Someone might like to give it a go? {file}
Have you tried just changing the name of it just put 1 and a dot and some name and try then one of my mt4`s will not show my new indis in navigator if i dont put a number and a dot before whatever name i use then they show up....
Insanityoing same ting over expecting different results..Einstein
  • #183
  • Jun 14, 2020 7:17pm Jun 14, 2020 7:17pm
Quoting Intrepidpips
{quote} One thing I must say about the T3 and low ADR pairs like EURUSD is that you need to use them on lower pips brick size, I'm guessing he's using 5pios or higher that is why the T3 seems so lagging.
I am no pro trading renkos,but i did play around with it for a coupple of months and when the corona hit was super nice to trade speacially EUR/NZD if jumped in on second ore third box could go 50-60 pips in a coupple of minutes,but when that crazy volitility dried up i couldnt really get an edge with them,but for Pairs like EU;UJ use 2-3 pips and to GJ and EN 8-10 pips...On DOW and DAX i used 600 points ore 6 pips and it was on Dow i had the most success,but with minimum 1 lot my account wasnt really big enough to trade it....I been trew a lot of promising strategies over the years,but for me as for most that struggle,impulse and displine is my worst enemy so i figured that i can only scalp EUR/USD with a 1-2 pip SL and a hidden one so i cant move it ore have many possisions at the same time.....So we will see what the future brings.....
Insanityoing same ting over expecting different results..Einstein
  • #184
  • Jun 15, 2020 3:07am Jun 15, 2020 3:07am
i loaded MTH Renko Chart Builder Indi Ver 02 parallel mod and was writter on the chart to open offline chart m3 and when i did, there was renko chart.
i did it the same on just installed tickmill mt4 and when i am loading same indicator to the chart there is not showing to open m3 offline chart and cannot open renko on fresh mt4 anymore. can someone help me ????
  • #185
  • Edited 4:46am Jun 15, 2020 3:28am | Edited 4:46am
Quoting Intrepidpips
{quote} And I am yet to see the T3 in live action, so still hold on to the 20 Smoothed MA which is closer to it. For some reason my "Best" moving average custom indicator just refuses to show in my MT4 navigator tab though it's visible in the File Folder I like it because of the MTF and colour change functions. Someone might like to give it a go? {file}
If you've got a lot of indicators in your file, try deleting or archiving some that you don't use or need anymore.
  • #186
  • Jun 15, 2020 8:15am Jun 15, 2020 8:15am
Quoting Hutch
{quote} I agree with Intrepidpips that more indicators can bring greater confidence in a trade but looking at your charts I see arrows that diverge from one to another. Could you please explain how the second red arrow (short trigger) and the first blue arrow (long trigger) on the first chart bring more confidence in entering into a trade?

Hi, as I'm new here in the forum as well as in Renko. Can you briefly provide information on how to trade your Renko system and attach all indicators and template of your Renko system. I would be very grateful . Best regards
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#s3gt_translate_tooltip_mini { display: none !important; }
  • #187
  • Jun 15, 2020 8:17am Jun 15, 2020 8:17am
Quoting giotetra
i loaded MTH Renko Chart Builder Indi Ver 02 parallel mod and was writter on the chart to open offline chart m3 and when i did, there was renko chart. i did it the same on just installed tickmill mt4 and when i am loading same indicator to the chart there is not showing to open m3 offline chart and cannot open renko on fresh mt4 anymore. can someone help me ????
I think that the problem is either that you don't have enough M1 bars or something is wrong with how the broker MT4 platform interprets the data. Also, did you allow DLL on the common tab and put the right starting price? Here is a GBPUSD chart with the MTH indicator and the Renko M3 chart produced by that indicator.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM1.jpg Size: 111 KB
Click to Enlarge Name: GBPUSDM3.png Size: 37 KB
  • #188
  • Jun 15, 2020 8:37am Jun 15, 2020 8:37am
Quoting handy148
{quote} If you've got a lot of indicators in your file, try deleting or archiving some that you don't use or need anymore.
Your solutions works well but you no longer have easy access to the indicators. What I do is to create an Unused folder within the Indicators folder as seen below. This way there is no need to delete or archive indicators and you have easy access to them when needed by moving them to the Indicators folder.
Attached Image
  • #189
  • Jun 15, 2020 8:57am Jun 15, 2020 8:57am
Quoting Nolan38
{quote} Hi, as I'm new here in the forum as well as in Renko. Can you briefly provide information on how to trade your Renko system and attach all indicators and template of your Renko system. I would be very grateful . Best regards #s3gt_translate_tooltip_mini { display: none !important; }
Please take a look at post #130 for the template and indicators and post #127 on how to "update" the STG Renko charts when you first open them every day. Please note that the key to this system is to follow the halftrend arrows and the FX BAY MACD. By adding the halftrend indicator the value of the MA crossover is less important than before I made this change.
  • #190
  • Jun 15, 2020 9:12am Jun 15, 2020 9:12am
Quoting Hutch
{quote} Please take a look at post #130 for the template and indicators and post #127 on how to "update" the STG Renko charts when you first open them every day. Please note that the key to this system is to follow the halftrend arrows and the FX BAY MACD. By adding the halftrend indicator the value of the MA crossover is less important than before I made this change.

Hutch, thank you very much, I will see posts you mentioned and maybe I will start trading your Renko System, although it is a total novelty for me, but I have heard that Renko is one of the most profitable strategies
  • #191
  • Edited 11:40am Jun 15, 2020 10:34am | Edited 11:40am
Quoting Hutch
{quote} I think that the problem is either that you don't have enough M1 bars or something is wrong with how the broker MT4 platform interprets the data. Also, did you allow DLL on the common tab and put the right starting price? Here is a GBPUSD chart with the MTH indicator and the Renko M3 chart produced by that indicator. {image} {image}
And if you havent you must change from bars to candlesticks......I know some mt4`s doesnt show renkobricks if set to bars...

PM:And really no use for any indicators other than the renkos itself other than the MACD and my favorite MACD Histogram divergence the MA crossover will be at the same brick at every turn so just enter on second ore third box with the overall trend and set the stop just under close against you so if you use 3 pips Bricks the stop will be 7 pips and 8 pips bricks 17 pips and so on and make sure there are atleast two legs with minimum 4 bricks before entering so there is some continuation in the moves so you dont get into choppy cause choppy conditions can drain your account with renkos....I may get out to soon on some trades but i set my TP at the first close against me ore i just scalp one ore two boxes if you look at left on any chart and you have 2 legs with 3-4 boxes before you enter on second box you will see that your winrate with one box scalp and one box stop will be very good...This is my two cents for renkos,but again i just cant be disiplined enough so i have moved over to other tings,but renkos can be very powerful if used systematic the right way.....

PM again:lol: when dow first moves in strings from a hour after U.S open to U:S close you can catch a bounch of pips that will take out 8-10 losses using 600 points bricks and 1300 points stop......Often 100 pips ore more just jump in on second box when its two ore tre nice strings before entering and again with the overall trend of course....Often the trade is done in minutes DOW is real beast that is why need a pretty tight stop......


I may have mentioned all this in a earlier post,but i am geting old and senil so bear with me....hehe
Insanityoing same ting over expecting different results..Einstein
  • #192
  • Jun 15, 2020 10:51am Jun 15, 2020 10:51am
Quoting Hutch
{quote} Your solutions works well but you no longer have easy access to the indicators. What I do is to create an Unused folder within the Indicators folder as seen below. This way there is no need to delete or archive indicators and you have easy access to them when needed by moving them to the Indicators folder. {image}
Also a good idea Hutch!!!
Insanityoing same ting over expecting different results..Einstein
  • #193
  • Jun 15, 2020 12:11pm Jun 15, 2020 12:11pm
Quoting handy148
{quote} If you've got a lot of indicators in your file, try deleting or archiving some that you don't use or need anymore.
I'm about doing that thanks.
Let it turn and find your entry.
  • #194
  • Jun 15, 2020 12:13pm Jun 15, 2020 12:13pm
Quoting Hutch
{quote} Your solutions works well but you no longer have easy access to the indicators. What I do is to create an Unused folder within the Indicators folder as seen below. This way there is no need to delete or archive indicators and you have easy access to them when needed by moving them to the Indicators folder. {image}
Now that is a 5 Star idea,. I'm implementing pronto.
Let it turn and find your entry.
  • #195
  • Jun 15, 2020 12:33pm Jun 15, 2020 12:33pm
Quoting Intrepidpips
{quote} And I am yet to see the T3 in live action, so still hold on to the 20 Smoothed MA which is closer to it. For some reason my "Best" moving average custom indicator just refuses to show in my MT4 navigator tab though it's visible in the File Folder I like it because of the MTF and colour change functions. Someone might like to give it a go? {file}
Now I have seen the T3 in action, taken a few trades live and I must say it's truly non repainting.
Attached Image (click to enlarge)
Click to Enlarge Name: FX BAY TMP 13.png Size: 89 KB


I later tried to see how the Mathtrader7 Renko builder could improve the set-up but seems my system could not handle both the Ovo and Mttader EA as it caused my system to freeze so I had to exit my trade before TP.
Attached Image (click to enlarge)
Click to Enlarge Name: FX BAY TMP 12.png Size: 93 KB
Let it turn and find your entry.
  • #196
  • Jun 15, 2020 12:41pm Jun 15, 2020 12:41pm
I observed that most times when price changes direction and closes on the other side of the Half trend, it coincides with the MACD close above or below the zero line, and on turn coincides with the 3/4 MA cross. So I decided to remove the half trend and stick with it the MA cross. This seemed to have in hindsight avoided a loosing Half trend signal.
Attached Image (click to enlarge)
Click to Enlarge Name: FX BAY TMP 14.png Size: 88 KB
Let it turn and find your entry.
  • #197
  • Jun 15, 2020 12:59pm Jun 15, 2020 12:59pm
In between power outages I was looking over how the indicators were performing andd taking notes.
I found the 2 MA cross indicator repainted, heartbreaking it was for me I don't have the patience to work with repainting indicators as what you get in backtest or review is not what you get live.
It seemed that I would have been triggered short by the 2 MA cross indicator where the loosing Half trend signal came, but it would have repainted after price changed it's mind because MACD crossed the middle line.

Attached Image (click to enlarge)
Click to Enlarge Name: FX BAY TMP 14.png Size: 88 KB

There was a Bullish 2MA cross signal then a Bearish signal immediately after at the end of this screenshot.

That Bullish signal conveniently disappeared later.
Attached Image (click to enlarge)
Click to Enlarge Name: FX BAY TMP 16.png Size: 91 KB


As a result, I'm trying out another MA Cross indicator to replace it.
Attached File(s)
File Type: mq4 2x5 MA CROSS WITH SOUND.mq4   4 KB | 532 downloads
File Type: ex4 2x5 MA CROSS WITH SOUND.ex4   11 KB | 511 downloads
Let it turn and find your entry.
  • #198
  • Jun 15, 2020 1:25pm Jun 15, 2020 1:25pm
Quoting Intrepidpips
https://www.forexfactory.com/attachm...1&d=1591862192
hello trader,
which indicators help to get these black color bricks in your chart? can give a small help for this?
  • #199
  • Jun 15, 2020 3:03pm Jun 15, 2020 3:03pm
Quoting us fantasy
{quote} hello trader, which indicators help to get these black color bricks in your chart? can give a small help for this?
https://www.forexfactory.com/showthr...0#post12997330


Indicator and template.
Let it turn and find your entry.
  • #200
  • Jun 15, 2020 3:40pm Jun 15, 2020 3:40pm
Quoting us fantasy
{quote} hello trader, which indicators help to get these black color bricks in your chart? can give a small help for this?
you need to rightclick on chart then choose colors and the change them....

PM.Sorry Properties then colors

Ore just use the template if setup like that...lolz
Insanityoing same ting over expecting different results..Einstein
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