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Renko Trading Discussion

  • #1,441
  • Aug 19, 2020 8:55am Aug 19, 2020 8:55am
+20 on the DAX today, two +10 trades - 5 pip bricks. The red boxes repersent the 20 pip bricks I use as my main chart, the price activity within those bricks defines whether I take the trade, thse two are perfect set-ups for me:
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3 19_08(1).png Size: 44 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,442
  • Aug 20, 2020 3:46am Aug 20, 2020 3:46am
DAX +13, 20 pip bricks, green line entry, yellow dash SL:
Attached Image (click to enlarge)
Click to Enlarge Name: GER30(£)M4 20_08(1).png Size: 51 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,443
  • Edited Aug 21, 2020 12:57pm Aug 20, 2020 4:07pm | Edited Aug 21, 2020 12:57pm
Hello Renko family,

I'm Very interested in Renko's graphics ...
I'm going through a little bit of my analysis and studies on Renko.
Notice that the graph is in D1 and not M1 ...
Through some analyzes like this, I could see that the market changes direction, I say:
Every minute, hour, day, month, year, etc ...
See the image below and talk about a subject !!
I wish we had discussed more about everyone's view of Renko ...

John
Attached Image (click to enlarge)
Click to Enlarge Name: Renko10R_D1.png Size: 72 KB
"No pain no gain"
  • #1,444
  • Edited Aug 21, 2020 1:01pm Aug 20, 2020 5:44pm | Edited Aug 21, 2020 1:01pm
Correct me about this my analysis Familia Renko

Make an analysis on your graph and see that the market respects each 1H ( on Renko's chart ),,, that is: change direction ,,, high / low !!
Watch before the candle closes at 1H and see ... if it closes with its low opening, make a sale for the next few minutes and close with a high direction make a purchase entry for your next minutes ...
Test your demo account to review and tell us your rating here !!
Renko is the same, just adjust your strategy ,,, Scalper ,,, Day trade ,,, swing ,,,

That's for M / H / D / etc ...
"No pain no gain"
  • #1,445
  • Aug 20, 2020 11:17pm Aug 20, 2020 11:17pm
Quoting JBRolim
Correct me about this my analysis Familia Renko Make an analysis on your graph and see that the market respects each 1H ,,, that is: change direction ,,, high / low !! Watch before the candle closes at 1H and see ... if it closes with its low opening, make a sale for the next few minutes and close with a high direction make a purchase entry for your next minutes ... Test your demo account to review and tell us your rating here !! Renko is the same, just adjust your strategy ,,, Scalper ,,, Day trade ,,, swing ,,, That's for M / H / D / etc ...
Is this testing forward (in a demo account) or back?

The chart looks too perfect, thus the question.
  • #1,446
  • Aug 21, 2020 2:12am Aug 21, 2020 2:12am
Quoting JBRolim
Hello Renko family, I'm Very interested in Renko's graphics ... I'm going through a little bit of my analysis and studies on Renko. Notice that the graph is in D1 and not M1 ... Through some analyzes like this, I could see that the market changes direction, I say: Every minute, hour, day, month, year, etc ... See the image below and talk about a subject !! I wish we had discussed more about everyone's view of Renko ... John {image}
Hi John,

Welcome to the thread! I use Renko all the time for live trading and have done for some time. I never use candle/bar charts other than to provide the M1 platform for MT7's EA. Also I try to trade no using any other indicators, just the price action of the Renko bricks. This is just a personal preference, I find it easier to study the market if I am not distracted by wiggly lines! Whatever technique you use with Renko it has to be yours, you have to own it and in that respect it is no different to a candle/bar strategy. For me, a "less is more" approach is important but it is not the holy grail! I post some of my trades on here, they look a bit boring because they are just Renko bricks with a few S/R lines but it provides some consistent trading, although I can never stop tweaking it Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,447
  • Aug 21, 2020 4:22am Aug 21, 2020 4:22am
I have recently found some time to work on some of my old Renko Trading EAs and backtest them with Renko brick made of real ticks. Below are the results of the backtests. I was thinking to write an algorithm to rank these EAs every trading day and trade based on their ranks by giving different weights to their position sizes. This is just an idea that I am going to test it. I will post the results here. I will update Post 1 with the latest versions of the EAs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MathTrader7_ParabolicSarEA_v1p39_BT.png Size: 51 KB
Click to Enlarge Name: MathTrader7_RenkoADX_EA_v1p45_BT.png Size: 41 KB
Click to Enlarge Name: MathTrader7_RenkoCrossEA_v1p18_BT.png Size: 47 KB
Click to Enlarge Name: MathTrader7_RenkoDivergEA_v1p30_BT.png Size: 43 KB
Click to Enlarge Name: MathTrader7_RenkoMA_EA_v1p17_BT.png Size: 50 KB
Click to Enlarge Name: MT7_RenkoMetaRsiEA_v103_BT.png Size: 50 KB
Trading is the hardest way to make easy money...
  • #1,448
  • Aug 21, 2020 4:37am Aug 21, 2020 4:37am
And this my research on how to train a machine learning (ML) model to trade on Renko charts. The result is too good to be true But this is part of my ongoing research on using ML to trade Renko charts which I wanted to share with you.
Attached Image (click to enlarge)
Click to Enlarge Name: HolyGrail_v16.png Size: 40 KB
Trading is the hardest way to make easy money...
  • #1,449
  • Aug 21, 2020 6:06am Aug 21, 2020 6:06am
Quoting MathTrader7
And this my research on how to train a machine learning (ML) model to trade on Renko charts. The result is too good to be true But this is part of my ongoing research on using ML to trade Renko charts which I wanted to share with you. {image}
Hi Matt,
Why am I not surprised at the results of the last message above? Don't underestimate your outstanding GIFT and I would like to be one of the first to test it for you when it becomes available for testing.
Continued success to you.
Hercs.
Hercs
  • #1,450
  • Aug 21, 2020 6:48am Aug 21, 2020 6:48am
Quoting Hercs
{quote} Hi Matt, Why am I not surprised at the results of the last message above? Don't underestimate your outstanding GIFT and I would like to be one of the first to test it for you when it becomes available for testing. Continued success to you. Hercs.
Sure! I will select a few serious people to test the EA on different assets (Forex, Metals, Stocks, etc.)
Trading is the hardest way to make easy money...
  • #1,451
  • Aug 21, 2020 7:54am Aug 21, 2020 7:54am
Quoting MathTrader7
{quote} Sure! I will select a few serious people to test the EA on different assets (Forex, Metals, Stocks, etc.)
Much appreciated, Matt.
Hercs.
Hercs
  • #1,452
  • Edited 1:18pm Aug 21, 2020 10:51am | Edited 1:18pm
Quoting PipsTorrent
{quote} Is this testing forward (in a demo account) or back? The chart looks too perfect, thus the question.
Hey friend,

[b][quote=PipsTorrent; Is this testing forward (in a demo account) or back?[/b]

- It is not a test.
- It is running on the live account, see in the upper left corner of the screen, My ICM Live 10 corridor.


If that was not your question, I apologize for my answer here, as this is not my native language.

The chart looks too perfect, thus the question.

- Yes, I've heard it before

Here below is the image of my EUR / USD live chart

Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m2_renko-d1-10r.png Size: 78 KB
"No pain no gain"
  • #1,453
  • Edited 12:24pm Aug 21, 2020 11:54am | Edited 12:24pm
Quoting Davidh061
{quote} Hi John, Welcome to the thread! I use Renko all the time for live trading and have done for some time. I never use candle/bar charts other than to provide the M1 platform for MT7's EA. Also I try to trade no using any other indicators, just the price action of the Renko bricks. This is just a personal preference, I find it easier to study the market if I am not distracted by wiggly lines! Whatever technique you use with Renko it has to be yours, you have to own it and in that respect it is no different to a candle/bar strategy. For me, a...


Hi Davi,

Thank you for wishing me welcome to the topic !!

Davidh061; I never use candle/bar charts other than to provide the M1 platform for MT7's EA.

- Nice,
I also only use candle charts to generate Renko.

Davidh061; This is just a personal preference, I find it easier to study the market if I don't get distracted by the wavy lines!

- Yes, I also study reading on tape (blind screen), but I use my Renko chart to reduce noise.

Davidh061; In this respect, it is no different than a sailing / bar strategy.

- I agree with you my friend, Renko is the same to form a strategy candle / Bars
however My view here is that if you noticed in my previous post (https://www.forexfactory.com/thread/...8#post13124228 ) there I show that it is possible not only to use the Renko 1R / 2R / 3R / 4R / 5R / ... 10R / ... 40R / etc .. nor just in M1 but H / D / W / MN ,,,
Many just think that Renko Graphics (Off Line) only works on M1.

Davidh061; although I can never stop adjusting them,

- That’s why there are indicators,
And I take advantage of them well, because if placed in the timeless graphics I say (RENKO) and adjusted according to your taste, I don't see why it keeps adjusting.

I was told that only spaghetti comes in my graphics, but I don't care if they don't like it, I love pasta .

Stay green

John
"No pain no gain"
  • #1,454
  • Aug 21, 2020 11:55pm Aug 21, 2020 11:55pm
[quote=JBRolim;13125849]{quote} Hey friend, [quote=PipsTorrent; Is this testing forward (in a demo account) or back? - It is not a test. - It is running on the live account, see in the upper left corner of the screen, My ICM Live 10 corridor. If that was not your question, I apologize for my answer here, as this is not my native language. The chart looks too perfect, thus the question. - Yes, I've heard it before Here below is the image of my EUR / USD live chart Green Pips {image}[/quote]

Which renko chart creator do you use above?

Thanks.
  • #1,455
  • Aug 23, 2020 3:37pm Aug 23, 2020 3:37pm
[quote=PipsTorrent;13126339]
Quoting JBRolim
{quote} Hey friend, {quote} Which renko chart creator do you use above? Thanks.


Hello Brother,
Sorry for the delay in replying, as I just turned on the computer.
I'm using this Renko graphics generator that I posted below.
Open a chart any period, place the Renko indicator on the chart.
Open the Off_Line M2 chart of the currency or currency pairs on which you have placed the Renko indicator.
Ready!!
Change the period on the chart that placed the Renko indicator ... M1 / M5 / M15 / H1 / H4 / D1, etc ...

Tell me if it worked !!
Good studies my brother
Attached File(s)
File Type: ex4 RenkoLiveChart_v600.8.ex4   44 KB | 515 downloads
"No pain no gain"
  • #1,456
  • Aug 29, 2020 10:10pm Aug 29, 2020 10:10pm
[quote=JBRolim;13125849]{quote} Hey friend, [quote=PipsTorrent; Is this testing forward (in a demo account) or back? - It is not a test. - It is running on the live account, see in the upper left corner of the screen, My ICM Live 10 corridor. If that was not your question, I apologize for my answer here, as this is not my native language. The chart looks too perfect, thus the question. - Yes, I've heard it before Here below is the image of my EUR / USD live chart Green Pips {image}[/quote]


Hello and thanks...

Can you share indicators and template?

Can share preset of Renko EA?

Thanks in advance
  • #1,457
  • Aug 30, 2020 11:04am Aug 30, 2020 11:04am
Quoting MathTrader7
{quote} Sure! I will select a few serious people to test the EA on different assets (Forex, Metals, Stocks, etc.)
Hi Math, Please consider me for testing your "creations" I beta tested numerous times for J Talon before he shut down.
Thanks, and be safe!
[email protected]
  • #1,459
  • Aug 31, 2020 12:07am Aug 31, 2020 12:07am
Quoting MathTrader7
And this my research on how to train a machine learning (ML) model to trade on Renko charts. The result is too good to be true But this is part of my ongoing research on using ML to trade Renko charts which I wanted to share with you. {image}
every great things start with a believe. And i believe on your works!! please let me know if you need some help to do fwd testing. I will do it with demo and cent account if you don't mind. The broker is fbs. Either its the divergence or the holygrail, i will be willing to help
  • #1,460
  • Aug 31, 2020 7:50am Aug 31, 2020 7:50am
[quote=JBRolim;13127348]
Quoting PipsTorrent
{quote} Hello Brother, Sorry for the delay in replying, as I just turned on the computer. I'm using this Renko graphics generator that I posted below. Open a chart any period, place the Renko indicator on the chart. Open the Off_Line M2 chart of the currency or currency pairs on which you have placed the Renko indicator. Ready!! Change the period on the chart that placed the Renko indicator ... M1 / M5 / M15 / H1 / H4 / D1, etc ... Tell me if it worked !! Good studies my brother {file}
when you close the mt, it repaints the bars. that's why it looks so good.
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