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Renko trading using proven strategy

  • #541
  • Mar 13, 2021 11:47pm Mar 13, 2021 11:47pm
Quoting jarfx05
Hi traders, there are so many simple and well-functioning market strategies. If you do your homework, you can cut your piece of cake. {image}
Hi Jarfx05,

Could you please share the indicator and template. It's looking very nice and clean
  • #542
  • Mar 14, 2021 7:56am Mar 14, 2021 7:56am
Quoting madmax123
{quote} Hi Hutch, Could you please share the indicators and template? Thanks
Here is the full strategy. Please make sure that you look at the links contained in the info text file.
Attached File(s)
File Type: zip Fx Bay Strategy.zip   377 KB | 1,105 downloads
  • #543
  • Mar 14, 2021 8:44am Mar 14, 2021 8:44am
Quoting Hutch
{quote} Here is the full strategy. Please make sure that you look at the links contained in the info text file. {file}


Thank you. will look into the text file.
  • #544
  • Mar 14, 2021 10:44am Mar 14, 2021 10:44am
Quoting jarfx05
Hi traders, there are so many simple and well-functioning market strategies. If you do your homework, you can cut your piece of cake. {image}
Nice looking chart. What's your setup? Looks like some sort of modified Ichimoku cloud with buy/sell based on the bar being above or below the cloud. How's it performing?
  • #545
  • Mar 14, 2021 12:06pm Mar 14, 2021 12:06pm
The HF trend indicator uses caculations of 2 indicators built in to one.
The first part is using each BAR DATA
The secound part is using Moving average values of each bar.

FIRST PART:
Bar Data: Trend Down
This indicator calculates Ilow of each bar with in which Ilowest is used from array of look back from current bar the look back is determined by Factor setting in the inputs ilow and ilowest are compared to obtain the max value of the two this is called
"maximumlowprice"
Bar Data: Trend up
This indicator calculates IHigh of each bar with in which IHighest is used from array of look back from current bar the look back is determined by Factor setting in the inputs iHigh and iHighest are compared to obtain the max value of the two this is called
"minimum highprice"
SECOND PART:
Trend up Lowma
Moving average LOW & high is used to calculate if the price(ma) is above the Bar data
Trend down Highma
Moving average HIGH & low is used to calculate if the price(ma) is below the Bar data
To generate the trend color and direction arrow a logical calculation is made at current bar (0)
with if statement:
for Up Trend: if(lowma>minhighprice && Close[i]>High[i+1])
for Down trend: if(highma<maxlowprice && Close[i]<Low[i+1])
iAtr is used to calculate the position of the direction arrows it is not used in the logic of Trend creation or math
Variables and constants are placed in the Inputs tab as extern values Values of both Half trend are at default
  • #546
  • Mar 14, 2021 7:21pm Mar 14, 2021 7:21pm
Quoting jack2237
{quote} Nice looking chart. What's your setup? Looks like some sort of modified Ichimoku cloud with buy/sell based on the bar being above or below the cloud. How's it performing?
Hi,

The values must be adjusted to the variability and size of the bricks.

Attached Image (click to enlarge)
Click to Enlarge Name: ichimoku.jpg Size: 115 KB


Attached File(s)
File Type: zip indi.zip   86 KB | 836 downloads
Attached File(s)
File Type: tpl ichimoku.tpl   46 KB | 592 downloads
if you're doing we all have results with all
  • #547
  • Mar 14, 2021 7:33pm Mar 14, 2021 7:33pm
Quoting jarfx05
{quote} Hi, The values must be adjusted to the variability and size of the bricks. {image} {file}{file}
Thanks, much appreciated!
  • #548
  • Mar 15, 2021 8:36am Mar 15, 2021 8:36am
Quoting jarfx05
{quote} Hi, The values must be adjusted to the variability and size of the bricks. {image} {file}{file}
I used to trade ichimoku on the DAX but your strategy is better. This is one of the best ichimoku strategy that I have seen using a small cloud with parallel Renko bricks. Well done!
  • #549
  • Edited 11:06am Mar 15, 2021 10:37am | Edited 11:06am
Quoting Hutch
{quote} I used to trade ichimoku on the DAX but your strategy is better. This is one of the best ichimoku strategy that I have seen using a small cloud with parallel Renko bricks. Well done!
Thanks. For me, the most important thing is the price level. Indicators is used only to visualize the swing.
if you're doing we all have results with all
  • #550
  • Mar 15, 2021 10:43am Mar 15, 2021 10:43am
Quoting jack2237
{quote} Thanks, much appreciated!
If you have a lot of time to play, have fun with EA, just don't ask me about the optimal settings, please.

Attached File(s)
File Type: ex4 ichimoku_u10.ex4   36 KB | 432 downloads
if you're doing we all have results with all
  • #551
  • Mar 15, 2021 5:35pm Mar 15, 2021 5:35pm
Quoting jarfx05
{quote} If you have a lot of time to play, have fun with EA, just don't ask me about the optimal settings, please. {file}
Here is the EA I used before.
Attached File(s)
File Type: ex4 ichimoku_u11.ex4   44 KB | 457 downloads
  • #552
  • Edited 6:44am Mar 16, 2021 6:29am | Edited 6:44am
If you watch the price level, it doesn't matter whether you are trading on candles, bars or renko. The difference is that the Renko chart is cleaner.

Attached Image (click to enlarge)
Click to Enlarge Name: m3.jpg Size: 169 KB

Attached Image (click to enlarge)
Click to Enlarge Name: M2.jpg Size: 212 KB


Attached File(s)
File Type: ex4 xSuperTrend Candles.ex4   5 KB | 690 downloads
Attached File(s)
File Type: ex4 xSuperTrend.ex4   4 KB | 689 downloads
if you're doing we all have results with all
  • #553
  • Mar 18, 2021 9:03am Mar 18, 2021 9:03am
the daily target has been hit.....the same story every day, sometimes more, sometimes less, depends on how the market allows.

Attached Image (click to enlarge)
Click to Enlarge Name: dr1.jpg Size: 135 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dr.jpg Size: 123 KB
if you're doing we all have results with all
  • #554
  • Mar 21, 2021 3:04am Mar 21, 2021 3:04am
Quoting jarfx05
If you watch the price level, it doesn't matter whether you are trading on candles, bars or renko. The difference is that the Renko chart is cleaner. {image} {image} {file}{file}
Hi jarfx,

thanks for sharing - which MA + period did you use in the upper chart with the super trend?

Thank you
  • #555
  • Mar 22, 2021 6:49am Mar 22, 2021 6:49am
Quoting dr.butze
{quote} Hi jarfx, thanks for sharing - which MA + period did you use in the upper chart with the super trend? Thank you
89 LWMA
if you're doing we all have results with all
  • #556
  • Mar 22, 2021 1:29pm Mar 22, 2021 1:29pm
Quoting jarfx05
{quote} 89 LWMA
thank you
  • #557
  • Mar 22, 2021 3:37pm Mar 22, 2021 3:37pm
Quoting jarfx05
the daily target has been hit.....the same story every day, sometimes more, sometimes less, depends on how the market allows. {image}{image}
Hi Jar - What is the little button gizmo you have in chart top right corner - clip attached
Attached Image
  • #558
  • Mar 23, 2021 6:26am Mar 23, 2021 6:26am
Quoting AltosTrader
{quote} Hi Jar - What is the little button gizmo you have in chart top right corner - clip attached {image}
Forex trading is a boring job and it's easy to lose focus. This little tool helps me stick to my trading rules.
if you're doing we all have results with all
  • #559
  • Mar 23, 2021 9:49am Mar 23, 2021 9:49am
Quoting Hutch
{quote} Here is the full strategy. Please make sure that you look at the links contained in the info text file. {file}
Hi Hutch.
I like simplicity of this approch. I look at DAX this morning and have one question. If it is a new arrow, MACD cross 0 line , do you wait for renko bar and Halftrend cross?
Below are my entries.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 40 KB
Click to Enlarge Name: Screenshot_3.png Size: 40 KB
  • #560
  • Mar 23, 2021 12:44pm Mar 23, 2021 12:44pm
Quoting iwan73
{quote} Hi Hutch. I like simplicity of this approch. I look at DAX this morning and have one question. If it is a new arrow, MACD cross 0 line , do you wait for renko bar and Halftrend cross? Below are my entries. {image} {image}
The Half Trend TT gives the signal using the arrow but the trade is always at the beginning of the next Renko brick. At that time you have to make sure that the arrow signal corresponds with the FxBay MACD. It looks like that both pictures show a late entry. Normally the signal should be on the previous brick but if your Renko bricks have wicks it's normal to have late entries. By the way even the best signals will not guarantee a good trade. I just lost $300 trading the S&P 500 because the trend reversed. Oh well ... next
Attached Image (click to enlarge)
Click to Enlarge Name: sp.png Size: 3 KB
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