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Renko Easy Patterns

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  • Post #21
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  • Dec 31, 2019 4:12pm Dec 31, 2019 4:12pm
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 4,968 Posts | Online Now
Quoting Intrepidpips
Disliked
I was putting this template together and I decided to take a nibble at it, with just one oscillator, looks like the signals are reliable enough. {image}
Ignored
I use 10 pips renko and it's quite effective and efficient. Here is my chart and indicators. The only problem is that the renko street trend indicator repaints.
Could you share your system?
Attached Image (click to enlarge)
Click to Enlarge

Name: GBPUSD-Renko 10 Pips.png
Size: 33 KB
Attached Files
File Type: ex4 RenkoStreet_Trend.ex4   9 KB | 114 downloads
File Type: ex4 Infoboard.ex4   63 KB | 77 downloads
File Type: ex4 Slope Direction Line Alert .ex4   14 KB | 103 downloads
  • Post #22
  • Quote
  • Jan 1, 2020 3:32pm Jan 1, 2020 3:32pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
Quoting Hutch
Disliked
{quote} I use. The only problem is that the renko street trend indicator repaints. Could you share your system? {image} {file} {file} {file}
Ignored

A horrible repainter.
Let it turn and find your entry.
  • Post #23
  • Quote
  • Jan 1, 2020 3:48pm Jan 1, 2020 3:48pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
So far so good, what it's down to is using the 5 bricks chart to show trend direction or bias and to find an entry from the 2.5 brick chart.

The headache has been holding on to a position when it goes into negative, hoping it will turn back and not cutting early enough.
Applying the Moving average as a dynamic support and resistance, that should mark the point of exit in times of loss experience.

In a bid to clear the clutter as much as possible, I settled in on one MA as "Line on the sand" and two Oscillators to give indication of Overbought/Oversold and show Divergence.

So hopefully if this works well the tweaking will end.
Attached Images (click to enlarge)
Click to Enlarge

Name: EASY RENKO 06.png
Size: 79 KB Click to Enlarge

Name: EASY RENKO 07.png
Size: 81 KB
Let it turn and find your entry.
  • Post #24
  • Quote
  • Jan 1, 2020 4:03pm Jan 1, 2020 4:03pm
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 4,968 Posts | Online Now
In the system that I posted above, https://www.forexfactory.com/showthr...0#post12682760, I forgot to say that the period used for the slope direction line alert is 15 periods. I tried many periods and 15 is by far the best because it sticks to the bricks like glue but you should experiment with different periods when trading other pairs and different brick size.
1
  • Post #25
  • Quote
  • Jan 1, 2020 4:09pm Jan 1, 2020 4:09pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
Still a work in progress so trying to attach what I have now.
I have been away from my Desktop and this phone/laptop business is stressing me out.

I will conclude this post when I rescue in the office later next week.
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot_20200101-220455.png
Size: 74 KB
Let it turn and find your entry.
1
  • Post #26
  • Quote
  • Jan 1, 2020 4:21pm Jan 1, 2020 4:21pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
Quoting Hutch
Disliked
In the system that I posted above, https://www.forexfactory.com/showthr...0#post12682760, I forgot to say that the period used for the slope direction line alert is 15 periods..
Ignored

Try this version of the SDL, it's got more input options.

https://www.forexfactory.com/showthr...9#post12405349
Let it turn and find your entry.
  • Post #27
  • Quote
  • Jul 1, 2020 4:49pm Jul 1, 2020 4:49pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
Quoting Intrepidpips
Disliked
I was putting this template together and I decided to take a nibble at it, with just one oscillator, looks like the signals are reliable enough. {image}
Ignored
Now how come I can't find this particular template anymore?

I think I should be storing my templates here for easy retrieval.
Let it turn and find your entry.
  • Post #28
  • Quote
  • Jul 1, 2020 4:51pm Jul 1, 2020 4:51pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
So my latest templates.
Attached Images (click to enlarge)
Click to Enlarge

Name: RENKO SETUPS 019.png
Size: 179 KB Click to Enlarge

Name: RENKO SETUPS 020.png
Size: 144 KB
Attached Files
File Type: tpl ! 1 E.tpl   494 KB | 70 downloads
File Type: tpl ! 1 E 2.tpl   483 KB | 64 downloads
Let it turn and find your entry.
  • Post #29
  • Quote
  • Jul 1, 2020 4:53pm Jul 1, 2020 4:53pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
Quoting Intrepidpips
Disliked
So my latest templates. {image} {image} {file} {file}
Ignored
Indicators can be found here.

https://www.forexfactory.com/showthr...5#post12998015
Let it turn and find your entry.
  • Post #30
  • Quote
  • Jul 2, 2020 3:33am Jul 2, 2020 3:33am
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
I was able to catch the FO move but got distracted, missed the entry for the second opportunity.
I just must only touch my phone after I'm done with trading for the day.
Attached Images (click to enlarge)
Click to Enlarge

Name: RENKO SETUPS 024.png
Size: 136 KB Click to Enlarge

Name: RENKO SETUPS 025.png
Size: 147 KB
Let it turn and find your entry.
  • Post #31
  • Quote
  • Jul 27, 2020 7:04am Jul 27, 2020 7:04am
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
I missed the FO moves but still got some pips in the bag
Attached Image (click to enlarge)
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Name: REP 02.png
Size: 190 KB
I got in a little too early on my second trade, that could have been a loss and I would have been blaming myself, but the market is oblivious of my micro lots,
As soon as the brick closed in my direction, I doubled and trippled on the Bearish move recovering and getting more than I lost.
On the whole, I should think that it's the trades I refused to take because of fear and second guessing that has kept me back and in red all the while.

The patterns are repeated everyday
Attached Image (click to enlarge)
Click to Enlarge

Name: REP 01.png
Size: 183 KB
Let it turn and find your entry.
  • Post #32
  • Quote
  • Jul 27, 2020 7:08am Jul 27, 2020 7:08am
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
One of the very best patterns is the Hidden Divergence, if only I was vigilant and ready to pull the trigger, the Asia session was a Bull run the FO saw a retracement and London afterwards resumed the Rally so it was not out of place for a Bullish HD.
Attached Image (click to enlarge)
Click to Enlarge

Name: REP 03.png
Size: 186 KB
Let it turn and find your entry.
  • Post #33
  • Quote
  • Jul 27, 2020 7:14am Jul 27, 2020 7:14am
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
I'm considering the 10pps/5pips combo.
Attached Image (click to enlarge)
Click to Enlarge

Name: REP 04.png
Size: 186 KB

The downside is that 3pips reversal would result in a 15pips loss while in the 5pios/2.5pips combo, 3pips reversal loss is half of that.

I will still look at the possibility of tweaking the game for the 10/5 combo because the reward is higher.
Let it turn and find your entry.
  • Post #34
  • Quote
  • Jul 29, 2020 6:22pm Jul 29, 2020 6:22pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
I was frozen in analysis paralysis at FO. it seemed at every time I had a signal, there was an impending Divergence threatening to take out my micro lots. I was a wreck as I watched the market rally without me on board so I shut the computer to stop me from chasing the market.

Later on close to FOMC minutes release I checked to see what I had missed and yeah I missed a lot.
A friend once said, the rmarket rsk you ran away from yesterday to will still have to face today. So I tweaked one more time saying I just must always follow my MACD entry signals no matter what.
Attached Images (click to enlarge)
Click to Enlarge

Name: REP 05.png
Size: 196 KB Click to Enlarge

Name: REP 06.png
Size: 162 KB
Let it turn and find your entry.
  • Post #35
  • Quote
  • Jul 29, 2020 6:24pm Jul 29, 2020 6:24pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
The patterns keep repeating themselves every day. Just need to wait and pull the trigger.
Attached Images (click to enlarge)
Click to Enlarge

Name: REP 07.png
Size: 159 KB Click to Enlarge

Name: REP 08.png
Size: 163 KB
Let it turn and find your entry.
  • Post #36
  • Quote
  • Aug 12, 2020 5:51pm Aug 12, 2020 5:51pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
Something caught my attention on time based charts then I saw some one. Use it for Renko so I tried it too
Attached Image (click to enlarge)
Click to Enlarge

Name: SCALPER.png
Size: 117 KB
Let it turn and find your entry.
  • Post #37
  • Quote
  • Aug 12, 2020 5:57pm Aug 12, 2020 5:57pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
Quoting Intrepidpips
Disliked
Something caught my attention on time based charts then I saw some one. Use it for Renko so I tried it too {image}
Ignored
It's looking promising, I'm tweaking and tweaking till I'm fully satisfied.
I can see all the Trend following, divergence, all that HH, HH, LL, LH Overbought and oversold.
Let's see how it holds up tomorrow.
Let it turn and find your entry.
1
  • Post #38
  • Quote
  • Aug 13, 2020 2:55pm Aug 13, 2020 2:55pm
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 4,968 Posts | Online Now
Quoting Intrepidpips
Disliked
{quote} It's looking promising, I'm tweaking and tweaking till I'm fully satisfied. I can see all the Trend following, divergence, all that HH, HH, LL, LH Overbought and oversold. Let's see how it holds up tomorrow.
Ignored
I don't trade patterns but I can't wait to see your results. Happy trading
2
  • Post #39
  • Quote
  • Aug 14, 2020 12:37am Aug 14, 2020 12:37am
  •  Akiroo
  • | Joined Jun 2020 | Status: Member | 46 Posts
Quoting Intrepidpips
Disliked
The patterns keep repeating themselves every day. Just need to wait and pull the trigger. {image} {image}
Ignored
Hi,Interpidpips.
Can you tell me the detailed entry rules?
Please!
  • Post #40
  • Quote
  • Aug 26, 2020 4:29pm Aug 26, 2020 4:29pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,444 Posts
Quoting Akiroo
Disliked
{quote} Hi,Interpidpips. Can you tell me the detailed entry rules? Please!
Ignored

It's still a work in progress, when it's ready you will get the lowdown
Let it turn and find your entry.
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