A lot of you say that you like to trade a 10 pip chart. Others show me Renko Charts with bricks so small that the spread is bigger than the bricks.
If you become adept at moving in and out of different brick frames and especially become comfortable with finding the S E and SETUP structures
in each brick frame, you may find that a blind adherence to a ten point brick is one of convenience, rather than something based on sound strategy.
I will not pursue that thought too far at this point, but ask you to be aware of it.
MT4 limits you to preset 1, 5, 15, 30, 60 and so on. Renko allows you freedom from those constraints.
Don't immediately put yourself in to a 10 pip box. Try other settings. You will find that some Renko Brick Frames will give you really great focus on market structure.
If you like fast action smaller bricks can give you that, but when smaller bricks trigger bigger E lines ... well just be aware that they will do that.
Did you do your homework?
If you become adept at moving in and out of different brick frames and especially become comfortable with finding the S E and SETUP structures
in each brick frame, you may find that a blind adherence to a ten point brick is one of convenience, rather than something based on sound strategy.
I will not pursue that thought too far at this point, but ask you to be aware of it.
MT4 limits you to preset 1, 5, 15, 30, 60 and so on. Renko allows you freedom from those constraints.
Don't immediately put yourself in to a 10 pip box. Try other settings. You will find that some Renko Brick Frames will give you really great focus on market structure.
If you like fast action smaller bricks can give you that, but when smaller bricks trigger bigger E lines ... well just be aware that they will do that.
Did you do your homework?