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Renko trading using proven strategy

  • #381
  • Aug 26, 2020 4:51pm Aug 26, 2020 4:51pm
Quoting Hutch
{quote} Unless you trade on a daily chart monitoring 10 charts can be difficult and lack of attention can kill your account. Here is the kind of cross that I like. Only one EMA cross that occurred on May 5 {image}
That seems like a great system to have in the background as a secondary system but thats a little too boring for me I wouldn't mind pulling up a chart every time I get a MA cross alert but you do bring up a good point about how missing opportunities could kill an account, if you only happen to catch the bad ones and miss out on the good ones. Maybe thats why I would want to monitor many pairs during my hours to get more opportunity, then only trade during my hours, not sure

ps: Are you still in that trade? crazy patience for that. I know you've listed your exit strategy for that daily system but where did you exit that trade if you did?
  • #382
  • Aug 27, 2020 2:25pm Aug 27, 2020 2:25pm
Quoting Thebulldawg
{quote} That seems like a great system to have in the background as a secondary system but thats a little too boring for me I wouldn't mind pulling up a chart every time I get a MA cross alert but you do bring up a good point about how missing opportunities could kill an account, if you only happen to catch the bad ones and miss out on the good ones. Maybe thats why I would want to monitor many pairs during my hours to get more opportunity, then only trade during my hours, not sure ps: Are you still in that trade? crazy patience for that....
As I said before there is nothing more boring than trading D1 chart. I closed the initial trade on June 19th when the price closed below the 21 EMA. I re-entered the trade on July 1st when the two SS indicators gave a signal being the same color. That trade is now up 570 pips but as you can see with the arrows I almost closed the trade last Friday and maybe I will have to close it tonight but I hope not. I never trade low ATR pairs using Renko but they are great on D1 charts because there is very rarely a gap and as you know gaps can kill a trade.
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  • #383
  • Aug 28, 2020 4:23pm Aug 28, 2020 4:23pm
Yesterday I was thinking that my EURUSD trade was over with the price closing below the 21 EMA but instead it went up 80 pips. Looks like that the bull is still hungry for the USD.
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  • #384
  • Aug 28, 2020 4:32pm Aug 28, 2020 4:32pm
Quoting Hutch
Yesterday I was thinking that my EURUSD trade was over with the price closing below the 21 EMA but instead it went up 80 pips. Looks like that the bull is still hungry for the USD. {image}
Very nice trade Hutch, milking it! With this D1 trading, I would assume you monitor many pairs right? I would also assume it doesn't result an many substantial losses since the confirmation is strong.
  • #385
  • Aug 29, 2020 2:32pm Aug 29, 2020 2:32pm
Quoting Thebulldawg
{quote} Very nice trade Hutch, milking it! With this D1 trading, I would assume you monitor many pairs right? I would also assume it doesn't result an many substantial losses since the confirmation is strong.
I closed that EURUSD trade yesterday because the pair was too strong and I'm sure that it will retrace Monday. Best is to monitor the 28 major pairs that's the mix of AUD, CAD, EUR, GBP, NZD and USD.
  • #386
  • Oct 11, 2020 5:02pm Oct 11, 2020 5:02pm
The latest version of the STG_RenkoChart indicator is from 2017. Unfortunately Lawrence stopped providing new updates to his indicators for free. I'm curious to know what made you change your mind. He seemed so excited to contribute. Even the youtube videos he deleted. The Telegram channel has also been abandoned.
  • #387
  • Oct 11, 2020 5:12pm Oct 11, 2020 5:12pm
Quoting TrendLover
The latest version of the STG_RenkoChart indicator is from 2017. Unfortunately Lawrence stopped providing new updates to his indicators for free. I'm curious to know what made you change your mind. He seemed so excited to contribute. Even the youtube videos he deleted. The Telegram channel has also been abandoned.
I sent him a pm a while ago and he replied that he would look into providing an update when he's not busy but in any case his Renko chart indicator works fine except that it needs refreshing while trading stocks and CFDs because it was made to trade currency pairs and not these somewhat exotic investment instruments. We all need to respect his decision and thank him for his great work that benefits us all.
  • #388
  • Oct 11, 2020 5:23pm Oct 11, 2020 5:23pm
Quoting Hutch
{quote} I sent him a pm a while ago and he replied that he would look into providing an update when he's not busy but in any case his Renko chart indicator works fine except that it needs refreshing while trading stocks and CFDs because it was made to trade currency pairs and not these somewhat exotic investment instruments. We all need to respect his decision and thank him for his great work that benefits us all.

Yes. Lawrence's indicator seems to work well today.
Does this site belong to Lawrence? https://ovo.cz/products/offline-char...t4/renko-bars/
The indicator that is sold on this site is very similar to that of Lawrence.
  • #389
  • Oct 12, 2020 12:56pm Oct 12, 2020 12:56pm
Quoting TrendLover
{quote} Yes. Lawrence's indicator seems to work well today. Does this site belong to Lawrence? https://ovo.cz/products/offline-char...t4/renko-bars/ The indicator that is sold on this site is very similar to that of Lawrence.
Sorry but I don't know.
  • #390
  • Oct 12, 2020 2:18pm Oct 12, 2020 2:18pm
Quoting TrendLover
{quote} .....Does this site belong to Lawrence? https://ovo.cz/products/offline-char...t4/renko-bars/ .....
No, it doesn't. As you've written, OVO's is paid, Lawrence's is free but it needs refreshing - it's not so big deal, I live with that already from the beginning of STG.
Don't think!
  • #391
  • Oct 18, 2020 2:38pm Oct 18, 2020 2:38pm
[quote = Ced74; 13106817] Más de una forma de despellejar a un gato ... Simplemente encuentre su propio nicho. R {imagen} [/ quote]
Buenas tardes Hucht , Nos podrías facilitar los indicadores y la plantilla , se ve fenomenal .....!!
  • #392
  • Oct 18, 2020 2:45pm Oct 18, 2020 2:45pm
[quote = jarfx05; 13106803] {quote} fue una venta {image} [/ quote]
Buenas tardes Nos podrías facilitar los indicadores y la plantilla, se ve fenomenal ..... !!
  • #393
  • Oct 24, 2020 5:25pm Oct 24, 2020 5:25pm
New Version of RENKO charts uploaded.. enjoy.
  • #394
  • Oct 25, 2020 3:46pm Oct 25, 2020 3:46pm
For those who are not familiar with STG Renko here is the link. The STG indicators have been renamed STS Renko.
https://www.forexfactory.com/thread/...erator-for-mt4?
  • #395
  • Oct 26, 2020 2:09am Oct 26, 2020 2:09am
Quoting tgdrela1
New Version of RENKO charts uploaded.. enjoy.
Thanks very kindly.
I like the renko charts.
But my problem is being available when my entry is about to trigger. It can take a lot of time, sitting, watching and waiting for the box to close can be intimidating.
Wish u can build alarm to box close, it could help.

And i wish to ask if could make a range bar chart just like renko chart too .. Range bars looks more like candle stick timeframe but are range bound.
  • #396
  • Oct 26, 2020 10:49am Oct 26, 2020 10:49am
Quoting tgdrela1
New Version of RENKO charts uploaded.. enjoy.
Thanks Lawrence for your work and the time you have devoted to helping. Perfect tool. It made my life easier, because it allowed me first, to get close and then to use the Renko charts on the MT4, with a certainty of the displayed result.
I can say it, after having dedicated a few hundred hours to the study of Renko charts and tests on all indicators and EAs available on the Internet, for its creation.
Your tool was and remains - currently - the most reliable.

Ps:
I would have preferred to write on the wire
https://www.forexfactory.com/thread/...erator-for-mt4
where it was more logical to leave this review, but I don't have permission to do so. Thanks anyway.
I've seen things you people wouldn't believe
  • #397
  • Edited Oct 28, 2020 6:30am Oct 27, 2020 10:17pm | Edited Oct 28, 2020 6:30am
Quoting tgdrela1
New Version of RENKO charts uploaded.. enjoy.
Thanks for your contribution of this new version of renko, there are many new features that have added to this new version
I've downloaded and tried, things work very well with the Standard RENKO chart, but then switching to the option of Mean RENKO, I see the late updated problem (whenever it has finished a new brick) and it seems like the prediction for mean RENKO candles is not in the right price. And could it be faster to execute the STS renko indicator when drop it on the chart! (It takes me a while to really open it)
Wish for your success and hopefully the next version could be more and more enjoyable ^^
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  • #398
  • Oct 30, 2020 4:54pm Oct 30, 2020 4:54pm
Quoting NgoTrader
{quote} Thanks for your contribution of this new version of renko, there are many new features that have added to this new version I've downloaded and tried, things work very well with the Standard RENKO chart, but then switching to the option of Mean RENKO, I see the late updated problem (whenever it has finished a new brick) and it seems like the prediction for mean RENKO candles is not in the right price. And could it be faster to execute the STS renko indicator when drop it on the chart! (It takes me a while to really open it) Wish for your...
Good evening friend, I think that you have many many bars loaded... very slow indeed. What broker are you using. I am using GoMarkets and it seems fast enough.
Will post a short video
Inserted Video


Good luck
  • #399
  • Edited 8:49am Oct 31, 2020 12:07am | Edited 8:49am
Quoting tgdrela1
{quote} Good evening friend, I think that you have many many bars loaded... very slow indeed. What broker are you using. I am using GoMarkets and it seems fast enough. Will post a short video https://youtu.be/fM7s0xuzik8 Good luck
Thank you for replying to me. For a while of testing, it shows that the STANDARD RENKO is perfect, the price movement in both Online and Offline Chart is the same, very nice to use. I have used the MEAN Renko but it seems like whenever the current bar is finished, it causes some delay to create the Next ones while the price keeps moving away.
I've screenshotted that moment of lagging on the MEAN RENKO chart, it has the current bar finished, and the price keeps moving down in the Online chart, but the Mean Renko chart seems slow to create a new bar
I tested in both type of chart, the Standard Renko work perfect but Mean Renko is as I demonstrated above, a little bit slow in loading the new bar
ah, I'm using ICmarket broker
https://www.forexfactory.com/attachm...3&d=1603870553
  • #400
  • Oct 31, 2020 6:33pm Oct 31, 2020 6:33pm
Quoting NgoTrader
{quote} Thank you for replying to me. For a while of testing, it shows that the STANDARD RENKO is perfect, the price movement in both Online and Offline Chart is the same, very nice to use. I have used the MEAN Renko but it seems like whenever the current bar is finished, it causes some delay to create the Next ones while the price keeps moving away. I've screenshotted that moment of lagging on the MEAN RENKO chart, it has the current bar finished, and the price keeps moving down in the Online chart, but the Mean Renko chart seems slow to create...
Now I understand... must say that I have never used mean renko. Therefore it is more likely to contain fundamental errors. Sorry. Will check it out sometime in the future.
Otherwise use the OVO product. Very good and stable. ps: no, I am not OVO.
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