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Renko Trading Discussion

Been a long time since I have looked at FF or even posted for that matter.
But I like and trade Renko and came across this thread so I thought I would add this little bit for you guys and gals.
You don't need to make big runs to make good money and in fact the less you are in the market the better your odds.
Here is a chart of what is possible if you only take 1 to 4 small trades a day.in the ES... each trade is going for 1 point/4 ticks
which equals 50 bucks.
Keep it simple.... Get in .... Get out.... Get a life ....
Good luck and happy trading.
Attached Image (click to enlarge)
Click to Enlarge Name: ES.png Size: 107 KB
Guys

Big general question.

Working with Renko well on MT4 feeling good but want to go further and explore MT5 Renko on secondary Chart anyone here using on MT5.

Any advise warmly welcomed as I have found this the light I needed to follow a new path.

Nickynomates
[quote = JBRolim; 13127348] [quote = PipsTorrent; 13126339] {quote} Ciao Fratello, scusa per il ritardo nella risposta, perché ho appena acceso il computer. Sto usando questo generatore grafico Renko che ho postato di seguito. Apri un grafico in qualsiasi periodo, posiziona l'indicatore Renko sul grafico. Apri il grafico Off_Line M2 delle valute o delle coppie di valute su cui hai posizionato l'indicatore Renko. Pronto!! Cambia il periodo sul grafico che ha posizionato l'indicatore Renko ... M1 / M5 / M15 / H1 / H4 / D1, ecc ... Dimmi se ha funzionato !! Buoni studi mio fratello {file} [/ quote]

Sorry i have a question, there is an indicator that create a renko chart that not recalculate and once i have closed mt4 the chart change when i reopen it after one day?

Thanks in advanc and sorry for my ignorance but i have never used renko charts


  • Post #1,484
  • Quote
  • Edited Oct 12, 2020 12:07am Oct 11, 2020 11:44pm | Edited Oct 12, 2020 12:07am
[quote=teapeak;13199376]
Quoting JBRolim
{quote} HI could you please show your params on MACD indicator? Thanks
Hi teapeak,

Below is the post link.

https://www.forexfactory.com/thread/...8#post13124228


Here is the enlarged image of the MACD_0sMA [TFO] parameter post
(6.13.9) ...

lengths,

John

lengths
Attached Image (click to enlarge)
Click to Enlarge Name: Renko10R_D1....png Size: 19 KB
"No pain no gain"
Quoting skyline555
[quote = JBRolim; 13127348] [quote = PipsTorrent; 13126339] {quote} Ciao Fratello, scusa per il ritardo nella risposta, perché ho appena acceso il computer. Sto usando questo generatore grafico Renko che ho postato di seguito. Apri un grafico in qualsiasi periodo, posiziona l'indicatore Renko sul grafico. Apri il grafico Off_Line M2 delle valute o delle coppie di valute su cui hai posizionato l'indicatore Renko. Pronto!! Cambia il periodo sul grafico che ha posizionato l'indicatore Renko ... M1 / M5 / M15 / H1 / H4 / D1, ecc ... Dimmi...

Hi skyline555,

[/ quote] Sorry i have a question,

- Do not worry ...

As far as I know Renko's graphic is not native to the MT4 platform ... (for now)

[/ quote] there is an indicator that create a renko chart that not recalculate and once i have closed mt4 the chart change when i reopen it after one day?

To tell you the truth, I don't know how to answer you about it, I hope someone with this information will be the most updated here on the Forum to answer you.

Lengths

John
"No pain no gain"
Hey all. While I've been getting an Ea created using a 14ema and 21smma cross on renko with very specific trade management, I've also just been messing around with day trading the Nasdaq using the same moving averages but a more manual approach. Basically I only buy when price is above both and sell when below both, but also now factor in sup/res zones and strength of the trend. I'll wait for a small retracement towards the MAs then ill place the trade on a confirmation of continuing the trend. (the goal here is to just get 10-30 pips a day with tight SL --> large lots)

I used to think DAX was king but since I've been messing around on NDX I'm starting to convert. Maybe since I'm in the states so volatility is great when I wake up.
Anyone else day trade like this and/or like using renko on NDX? Dave I know this is similar to your ways, I've also been using 5 pip bricks too and tend to like them.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 131 KB
Quoting Thebulldawg
Hi everyone! New to this thread, been obsessed with renko recently so thought I'd surround myself with some renko traders and learn more about it. Been trading a couple years but always price action on cadlesticks. I have been testing a simple MA cross renko strategy and found it works well on DAX. I'll post what I'm testing here in case anyone finds it helpful, since I'm sure I'll be learning a lot from this thread. Got main template from Hutch. I went with 30 pip bricks. Super simple, basically just a 10 EMA with a 20 SMMA, sell when EMA crosses...

Hi friend,
I see that you are an admirer of Renko, I also like clean graphics.
After all these transactions, is it a real account?
I was watching here on the posted image and ...
Attached Image (click to enlarge)
Click to Enlarge Name: InkedScreenshot123.jpg Size: 1.5 MB
I see you had good winning operations.
Could you tell us more about Renko Graphics?
I look forward to evolving more and more.

Lengths,

John
"No pain no gain"
Quoting Thebulldawg
Hey all. While I've been getting an Ea created using a 14ema and 21smma cross on renko with very specific trade management, I've also just been messing around with day trading the Nasdaq using the same moving averages but a more manual approach. Basically I only buy when price is above both and sell when below both, but also now factor in sup/res zones and strength of the trend. I'll wait for a small retracement towards the MAs then ill place the trade on a confirmation of continuing the trend. (the goal here is to just get 10-30 pips a day with...
Hi Bulldawg,

Nas is great , Good for you if you are in the U.S. I feel that 5 pip Blocks is just right for me too (I know Dave loves 10 however!) . DAX and Nas are brilliant markets , and they trade well with your rules which I follow in very similar terms . Thanks for the screen shot.

BBQ
Quoting JBRolim
{quote} Hi friend, I see that you are an admirer of Renko, I also like clean graphics. After all these transactions, is it a real account? I was watching here on the posted image and ... {image}I see you had good winning operations. Could you tell us more about Renko Graphics? I look forward to evolving more and more. Lengths, John
Hi John, sadly this has been my demo where I am testing ideas as well as my Ea. If this were a real account I would have taken profit much earlier on each of the trades today. What specifically are you curious about?
Quoting Bbqribs
{quote} Hi Bulldawg, Nas is great , Good for you if you are in the U.S. I feel that 5 pip Blocks is just right for me too (I know Dave loves 10 however!) . DAX and Nas are brilliant markets , and they trade well with your rules which I follow in very similar terms . Thanks for the screen shot. BBQ
Yea Im thinking 5 is great too. I still like to use 10 as a reference for overall trend but sometimes seeing more noise is better. Noise = information. With the 5 you can pinpoint entries and smaller levels which I like. How has your trading been, you also like to catch 10 or so pips then call it a day right?
Quoting Thebulldawg
{quote} Hi John, sadly this has been my demo where I am testing ideas as well as my Ea. If this were a real account I would have taken profit much earlier on each of the trades today. What specifically are you curious about?
Thebulldawg,

I appreciate your posts ,
please continue ,,,

There is a post that you comment about not trading in the Forex market, etc ...
What reason would that be?


I am studying configurations for weekly trading with Renko.
Do you operate Daily, Weekly, Monthly ?

Sorry for the curiosity as you said above, .
It would just
"Method of evolution"



Thank you very much for your attention, friend.

John
"No pain no gain"
Quoting Bbqribs
{quote} Hi Bulldawg, Nas is great , Good for you if you are in the U.S. I feel that 5 pip Blocks is just right for me too (I know Dave loves 10 however!) . DAX and Nas are brilliant markets , and they trade well with your rules which I follow in very similar terms . Thanks for the screen shot. BBQ
5 and 10! 10 to set direction and potential, 5 for the detail and decision. 10 works well on the DAX but not so good on day to day currency pairs unless they are really moving.
Everything should be made as simple as possible, but no simpler - Einstein
Thebulldawg, which indicator do you use for renko chart?
Quoting skyline555
Thebulldawg, which indicator do you use for renko chart?
I use STG Renko but may try out mathtraders nongap renko that david also uses
[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}
this should be placed in the experts folder, not in the indicators folder ; this is not an indicator
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 34 KB
feel free to invite me to your forum, if you have any
[quote=JungleLionFx;13212558]
Quoting JBRolim
{quote} this should be placed in the experts folder, not in the indicators folder ; this is not an indicator {image}

Did you manage to generate the Renko graph?
"No pain no gain"
[quote=JBRolim;13212583]
Quoting JungleLionFx
{quote} Did you manage to generate the Renko graph?
yes sIr, i place it on a separate mt4 install on vps
feel free to invite me to your forum, if you have any
[quote=JBRolim;13212583]
Quoting JungleLionFx
{quote} Did you manage to generate the Renko graph?
and it is renko EA not renko indicator lol
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 63 KB
feel free to invite me to your forum, if you have any
Hello Math,

I am trying to install the RenkoADX EA but it is not possible, because the message "The EA works with MT4 build number 1126 and lower" is constantly displayed.
I have MT4 build 1280. on your sreenshots in #Post 1,447 I also see build 1280. Can I get the current version for ADX EA and RSI EA from you?
Quoting tradestar1
Been a long time since I have looked at FF or even posted for that matter. But I like and trade Renko and came across this thread so I thought I would add this little bit for you guys and gals. You don't need to make big runs to make good money and in fact the less you are in the market the better your odds. Here is a chart of what is possible if you only take 1 to 4 small trades a day.in the ES... each trade is going for 1 point/4 ticks which equals 50 bucks. Keep it simple.... Get in .... Get out.... Get a life .... Good luck and happy trading....
Hello,

thank you, any chance you would post renko setups you trade right now? I remember reading your strategies in the past, using MAs and stuff nad was very interesting before you went off FF ..
Sacrifice is the price for glory
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