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Renko trading using proven strategy

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  • Post #501
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  • Jan 11, 2021 12:20pm Jan 11, 2021 12:20pm
  •  Alberto_Jazz
  • Joined Jun 2008 | Status: Member | 582 Posts
I seem it's not possible to place pending stop orders but only market execution orders, do you agree?

We need to verify the arrow presence on the previous bar and FX MACD confirmation when we place the order on the next bar.
 
 
  • Post #502
  • Quote
  • Jan 11, 2021 12:25pm Jan 11, 2021 12:25pm
  •  Almond9323
  • | Commercial Member | Joined Jan 2021 | 48 Posts
Does the arrows come with the indicator?
 
 
  • Post #503
  • Quote
  • Jan 11, 2021 3:57pm Jan 11, 2021 3:57pm
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,906 Posts
Quoting Alberto_Jazz
Disliked
I seem it's not possible to place pending stop orders but only market execution orders, do you agree? We need to verify the arrow presence on the previous bar and FX MACD confirmation when we place the order on the next bar.
Ignored
You could place pending stop orders but the problem is that you don't know if the next brick will be long or short. Invisible wicks increase difficulty. Best it to wait for the FxBay MACD confirmation.
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  • Post #504
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  • Jan 11, 2021 4:26pm Jan 11, 2021 4:26pm
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,906 Posts
Quoting Almond9323
Disliked
Does the arrows come with the indicator?
Ignored
The Half Trend TT comes with the arrows if you configured it to provide arrows. All half trend indicators can show arrows but the problem is knowing how the logic of these indicators work.
 
1
  • Post #505
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  • Jan 13, 2021 12:46pm Jan 13, 2021 12:46pm
  •  jarfx05
  • Joined Sep 2014 | Status: FF is a waste of time | 1,357 Posts
Quoting Hutch
Disliked
{quote} You could place pending stop orders but the problem is that you don't know if the next brick will be long or short. Invisible wicks increase difficulty. Best it to wait for the FxBay MACD confirmation. {image}
Ignored
Hi,

I use pending stop orders. Thanks to this, you can avoid a few traps a day.

regards

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if you're doing we all have results with all
 
 
  • Post #506
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  • Jan 14, 2021 9:09am Jan 14, 2021 9:09am
  •  Alberto_Jazz
  • Joined Jun 2008 | Status: Member | 582 Posts
Quoting Hutch
Disliked
You could place pending stop orders but the problem is that you don't know if the next brick will be long or short. Invisible wicks increase difficulty. Best it to wait for the FxBay MACD confirmation.
Ignored
Just to clarify, if there is a buy arrow on previous brick, the FX MACD must be immediatly positive at the new bar opening, or can we wait it turns from negative to positive during the bar?

In this last case we will have some slippage from previous bar close.

Thank you.
 
 
  • Post #507
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  • Jan 14, 2021 2:50pm Jan 14, 2021 2:50pm
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,906 Posts
Quoting Alberto_Jazz
Disliked
{quote} Just to clarify, if there is a buy arrow on previous brick, the FX MACD must be immediatly positive at the new bar opening, or can we wait it turns from negative to positive during the bar? In this last case we will have some slippage from previous bar close. Thank you.
Ignored
The FX Bay MACD must be immediately positive otherwise there is a possibility that the arrow was a bad signal. Entering into a trade with slippage is never good because we don't know how far the trade will go before reversing. Sometimes you get an arrow and the next Renko brick goes in the direction of the arrow but the Fx Bay MACD doesn't agree. In that case I just don't initiate a trade. As indicated in post #498 above the FX Bay MACD filters the arrow signals. My system is good but not perfect. If all systems were perfect we would not be talking here because all brokers would already be broke
 
2
  • Post #508
  • Quote
  • Jan 16, 2021 2:43pm Jan 16, 2021 2:43pm
  •  Alberto_Jazz
  • Joined Jun 2008 | Status: Member | 582 Posts
Quoting Hutch
Disliked
The FX Bay MACD must be immediately positive
Ignored
Ok, since I can't check the monitor all day long I'll write an expert to open a trade only when there is an arrow on previous bar and previous FX BAY is in accordance.
 
1
  • Post #509
  • Quote
  • Jan 16, 2021 4:32pm Jan 16, 2021 4:32pm
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,906 Posts
Quoting Alberto_Jazz
Disliked
{quote} Ok, since I can't check the monitor all day long I'll write an expert to open a trade only when there is an arrow on previous bar and previous FX BAY is in accordance.
Ignored
Please note that the Half Trend TT can provide an alert so there is no need to check the monitor all the time. I'm not a programmer and I wish you luck with producing a good EA.
 
1
  • Post #510
  • Quote
  • Jan 17, 2021 12:06pm Jan 17, 2021 12:06pm
  •  jarfx05
  • Joined Sep 2014 | Status: FF is a waste of time | 1,357 Posts
If you like to use MACD, Range Bars would be the better choice. It has a better PA feeling.

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if you're doing we all have results with all
 
1
  • Post #511
  • Quote
  • Jan 21, 2021 1:13pm Jan 21, 2021 1:13pm
  •  jack2237
  • | Joined Jan 2021 | Status: Member | 19 Posts
Quoting EquinoxFX
Disliked
Sorry, Trader-IT my mistake. Another strategy I really like to share with you guys which I use with the Mean Renkos is with two 5 period MA's channel. One 1st applied to High and the 2nd applied to low. I also like a 5,3,3, Stochastic as seen in the screenshot Trade entries, as shown with blue vertical line. Hopefully, the rest will be self-explanatory {image}
Ignored
Looks like you're going long or short on the second brick to close above/below the MA, with Stoch confirmation. Am I missing anything else? I like it!

What are your re-entry and stop rules? Is this pure stop and reverse?
 
 
  • Post #512
  • Quote
  • Jan 21, 2021 1:18pm Jan 21, 2021 1:18pm
  •  jack2237
  • | Joined Jan 2021 | Status: Member | 19 Posts
Has anybody coded this to the point where it can be backtested?

I've got to think that one of the best and easiest ways to optimize a system like this comes from adjusting the renko brick sizes.

A self-adjusting brick size that reacts to market conditions would be something I'd like to test. Has anybody considered that?
What would you base the adjustment on? ADR, or avg measured move between pivots?
 
 
  • Post #513
  • Quote
  • Feb 15, 2021 3:02pm Feb 15, 2021 3:02pm
  •  sibianaga
  • | Joined Jul 2020 | Status: Member | 17 Posts
Quoting helioss
Disliked
Nice generator, thank u!! {image}
Ignored
Hello Helioss,
I would like to explore the ITM cumulative indicator you have on your chart.
would you kindly advise where can l get this from?
Much appreciate if would acknowledge.
Thanks
 
 
  • Post #514
  • Quote
  • Mar 1, 2021 9:55am Mar 1, 2021 9:55am
  •  yogu14081997
  • | Joined Feb 2021 | Status: Junior Member | 1 Post
Hello, everyone!
I am happy to reply in this thread!
I am doing trading for more than 4 years. Recently I started working in Renko!

Does Anyone using Renko with HalfTrend TT and FxBay/MACD/XB4? Or any other Renko method?


I test a lot of things and I work a lot. If anyone is using renko method, please reply in this thread!

Stay safe everyone!
Have a great year ahead!
 
 
  • Post #515
  • Quote
  • Mar 2, 2021 11:15pm Mar 2, 2021 11:15pm
  •  wfgtrades
  • | Commercial Member | Joined Jul 2019 | 53 Posts
GU - Short Scalp entered. Simple and clean chart!
See my results and follow my journal log: t.me/ahritrade
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  • Post #516
  • Quote
  • Mar 3, 2021 6:48pm Mar 3, 2021 6:48pm
  •  kareem115
  • | Joined Aug 2020 | Status: Junior Member | 4 Posts
Quoting wfgtrades
Disliked
GU - Short Scalp entered. Simple and clean chart! See my results and follow my journal log: t.me/ahritrade {image}
Ignored
what indicator are you using with the William Percent range at the bottom?
 
 
  • Post #517
  • Quote
  • Mar 3, 2021 10:42pm Mar 3, 2021 10:42pm
  •  wfgtrades
  • | Commercial Member | Joined Jul 2019 | 53 Posts
Quoting kareem115
Disliked
{quote} what indicator are you using with the William Percent range at the bottom?
Ignored
It is just rsi customed with Volumes
 
 
  • Post #518
  • Quote
  • Mar 3, 2021 10:49pm Mar 3, 2021 10:49pm
  •  wfgtrades
  • | Commercial Member | Joined Jul 2019 | 53 Posts
Quoting wfgtrades
Disliked
GU - Short Scalp entered. Simple and clean chart! See my results and follow my journal log: t.me/ahritrade {image}
Ignored
Scalped TP Hit
See my results and follow my free log: t.me/ahritrade
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  • Post #519
  • Quote
  • Mar 6, 2021 3:20pm Mar 6, 2021 3:20pm
  •  Cousupp
  • | Joined Jan 2020 | Status: Member | 9 Posts
Quoting Hutch
Disliked
If you use the STG Renko Chart and the STG Renko Chart remote indicators you will often notice that when you open your chart in the morning there seems to be too few Renko bricks. This is because the STG Renko Chart did not update the remote chart. Although the correct price is shown on the remote chart and will keep updating properly the chart is incomplete. To solve this problem all you have to do is to update the chart by changing the size of bricks on the remote chart then put it back to the original brick size. The first chart shows my GBPAUD...
Ignored

You told us a lot about your glorious winning trades.

So tell us more about your losing trades, cause losing days are all I see when backtesting your strategy
 
 
  • Post #520
  • Quote
  • Mar 6, 2021 5:31pm Mar 6, 2021 5:31pm
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,906 Posts
Quoting Cousupp
Disliked
{quote} You told us a lot about your glorious winning trades. So tell us more about your losing trades, cause losing days are all I see when backtesting your strategy
Ignored
Not glorious at all my broker lowered my leverage from 100:1 to 30:1 and this month banned me from trading Bitcoin although it's available for trading for everybody else. This is because of a stupid ESMA rule Bitcoin is no longer available for trading for people living in Europe even if their accounts is in a non-European country. The biggest problem trading my system is the relationship between the Half Trend TT and the FxBay MACD. They must coincide in order to take a trade. Relying only on a Half Trend TT arrows guarantees a loss. Here is a good example the first and third arrows are false signals since the FxBay MACD was positive. No system is perfect but applying the rules helps.
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