Renko Scalper / Strategy

You are right my friend.
I didn't want to publish all the data, because people would only see the 29.25$ I earned, instead of the winning principle,
which I repeat at the end of the post.

I did not want to give long explanations in the previous posts, in order not to extend more writings already long at the start.
But since you talked about calculations, it is fair to explain them in detail.
And luckily they are to my advantage.


Instead of continuing testing (as I did the week before) on a demo account, I wanted to use this account for more real testing.
The account is a live, but admission to an account funded with a prop firm.
I pushed incorrectly (with an old strategy) the first few days, bringing the DD to about 2.7-2.8% (on the allowed 4%).
You calculate a risk of 0.5% per trade and immediately see how few trades I have lost.
However, there is no excuse for the poor result, although I can say that I have had some bad luck. But then again, I have no excuses.
I still have 4 months to recover.

Yes, the account is currently 12,684.13$.
Leverage of 1:6 which allows me only 0.55 max investment lots.
Max 1.5% for the SL.
As of Monday, I can still lose 185.48$ on this account.
When I started live testing last week, I had 156.23$ of possible loss (185.48 minus 29.25).
All things considered, that 29.25$ is more than 18% weekly.
156.23$ * 18/100 = 28.12$
Now the result is cuter, right?

The reality is that with a 100,000$ account the results might have been significantly lower.
With this figure, you partially limit your earnings to 2% 5% monthly.
Why risk losing what you have earned?
That would be enough for me 2,000$ 5,000$ a month.
But it is also true that almost all of this week's trades have been at the wrong times and committing no more than 2 hours of actual trading time.
So I don't know. I want to believe that with this method and 4 - 6 hours a day, it is possible to quite easily realize 2% to 10% month
even with significant deposit figures.

The winning principle:
I'm not joking, when I say that the chances of entry are really high every day. And the chance to make up for a loss, very real and fast.
Also you have to not care if not all operations within the set close positively.
The beauty of the basket is just that. Divide the risk between several operations and close according to different formulas,
when you are positive on the account.

The more hours you can do, the greater the result, but always with an eye to Over-Trading.
If you encounter a contrary violent movement at the end of the day, you go into negative territory in an unpleasant way.
So having reached your realistic daily result, you stop and close the MT4. Point.

It was also very important to verify that the whole structure (indy, EA, script and RENKO) was well tuned and fully functional.
That the MT4 does not crash and that the computer does not melt.
I've made some compromises to avoid all of this, but I'd say he passed the exam.

As for the technique, you can get lucky in an operation. You can get lucky even for one day.
5 positive out of 5 days, with only 3-4 wrong sets out of a few dozen, I think it is a good result.

The pips speech is also true.
I recently re-read an old basketting thread. A Trader prided himself (rightly) that with a set kept open for days-weeks, several thousand pips.
With this system I could not sleep peacefully. I have seen, on all the rollover charts, but not only, some scary shifts.
As I have seen reverse the trend of a currency and keep this new trend for several days
(we must remember that here we are not talking about a pair, but a currency composed of the 7 main pairs).
So the less exposed you are to the market, the safer you are.
Then a hundred pips a week with a hit and run, they are not to be thrown away anyway.

I stay with my feet on the ground.
One more week on this account.
Then they also pass on another still smaller one.
After a month .... who knows

good work

I am sorry i should cough that when you wrote 1:6 leverage that you where with the 5 ers(Of course can be someone else that i havent heard abaut),,,Well me to are a scalper and its printed into my DNA i have been switching between forex scalping on M5 and renkos on Indises.....Last week and a coupple off days week before i traded DOW with 600 point Renkos 3:1 R with 1200 point SL and 3600 point TP and did a semi martingale on lotsizes so a full win would take out all previus losses and end with profit...My sizes where 10-15-20-30-40-50-70-100 on two almost 100k accounts with MFF....Sound huge,but with ICM 1 lot on DOW is same as 0.1 lot in forex(10 dollars a pip)...And i made 3.5% give ore take in 5 days,but was hard for me to be disiplined when the losses started,but for thoose that can be should try this system cause often first hour after U.S futures open its good volume also on CFD`s and get nice strings so you will catch a full win ore two...

I agree with everyting you say and i belive you know what you are doing so good luck and keep on it....I need 0.5% a day now for 10 trading days to get one account that is in 2.3% DD to 2.2% positive when my monthly fee is due the 14th cause i make 10% on each account and then my master account will be at 4.5-5% and i will make some money on that when fee is payed the 17th...So its very possible i will hit my equity SL at 4.5% since i need to push hard....Right now i am scalping forex on M1 with futures volume and delta,cant read volume very good on M5.....Have a nice Sunday everyone...

EDIT:And like you said sleeping in peace is importent trying to be flat at end off London...

Last update:

https://www.forexfactory.com/thread/...1#post13523361

How can I use this on TradingView?

Hi BurnGuy.
This "System" uses indicators designed for the MT4 platform.
So it is not possible to use all of this with TradingView.
But going by heart, it is much easier to create synthetic indices with your platform and it is even easier to view the chart in range bar (Renko) mode.
Forgive me if I don't remember correctly.

I also used TradingView many years ago.
However, I have always had a mental repulsion, to use one platform for analysis and another for entry to the Market (although I believe that you can also have live operations with it).
It just isn't for me.

If you were talking about the use of levels on the chart, it is possible on any platform.
In the case of that particular post, the levels I was referring to (present on the attached images)
were lines and rectangles drawn on price levels / zones, where I had encountered frequent price bounces.
The classic points of Support / Resistance.

I always remind everyone, that these S/Rs are not set in stone and exist (ultimately) to be surpassed.

However, those who use them have three types of operation:
1) aggressive entry (enter the Market at the touch of the line or zone entry-exit)
2) cautious entry (enter after confirmation, usually in two steps)
3) entry only at the break of the S / R (line or zone).
And hundreds more shades (styles) for each type of Trader.

I wish you a good continuation

Where can i find the explanation of rule on how to do entry
and where to download the requirement indicator for this strategy sir?

I have the same problems. You will probably have to look at the whole thread with a magnifying glass and have the supernatural abilities of the author.

Just look at my profile and read a maximum of 20 posts, to find out in 2 minutes that I have never published any strategy and any set of indicators or anything else for this system. I've always talked about testing and future publication.
2 minutes are enough to devote to my latest posts, of which several on this thread, to discover the whole "mystery". Even without a magnifying glass.
Sometimes you don't need supernatural abilities, just a little attention.

This "System" is particular.
Eventually you will find that it is a toy like "The Little Chemist". You know the famous board game?
Someone grew up with this game and later produced a famous perfume. Another has discovered a new medicine for his sick son. Another has invented a new innovative material.

Then there are those who have not read, studied and understood the instructions, and in an attempt to do an experiment found on the Internet, they burned 75% of their body, with a completely disfigured face and one less hand. Another, even smarter, tried to make a flammable material for his rocket and ave fire to his parents' house. Another tried to create a new synthetic drug and died poisoned.

Who reads this post, in which of the two groups does he find himself?

What I am talking about is not a single magical indicator. It is not the Holy Grail that will earn you even when you decide to spend all your time at the bar with friends, drinking and talking about sports or politics.

It is something complex, even if it is a toy. Above all he is danger like "The Little Chemist".
Before, i ave think to facilitate everyone, also giving the formats to save time. Maybe even the Profile.
But I am increasingly convinced that I am wrong.

Do you know what you will need to do when you download all the material (if you decide to try)? You will have to work hard for several hours, to have something that (maybe) looks like one of the images I posted. But above all that it works without losing a lot of money.
So I immediately see who is really interested in all the work and all the time I have devoted to this toy.
All people and all posts that indicate a lack of respect for me and my work will be immediately blocked, censored, ignored.
I'm not here for the fame or the ego. It is absolutely no problem for me to keep all my work private. The many hundreds of hours devoted to this.

My last tip that I give with my heart:
if you plan to download everything and maybe use one or two things, know that some of these can cause damage to your MT4 and, for sure, huge economic losses. Not to mention all the time you spend trying to make them work.
So be prepared to be patient. Be prepared to follow many steps carefully. Be prepared to spend a lot of time.
Otherwise, forget all this and go back to your friends at the bar.

PS:
The Little Chemist


Positive eighth consecutive day.: 272,2 pips +3,02% sur deposit

Hi Trader-IT,

Very nice constantly result, please continue testing your system

Daily update.
After the tests in Demo / Real, I refinanced my old dormant account with 1: 500 leverage (always used only for tests) with 300€.
An amount still important for some, but not impossible (200$ is enough to have fun and earn something).
So I can check for everyone how this "System" behaves in economic terms, even with high leverage.

Speaking of "System", I've never liked calling it that. I prefer the term "Configuration".
More in detail, a "Renko Multi Currency Basket Configuration - Multi Traders" (RMCBC-MT).
No ...... don't worry ..... I won't call this mini-opera with a horrible theme, as I have often read on FF.
Sounds like one of those names astronomers use to call a new planet. They wouldn't have understood that, in reality, this is a star.

Seriously,
after the tests carried out on accounts with low leverage, on this micro account I am again with my beloved and faithful leverage 1: 500
(for every 1€ I have, I can move 500€ on the Market). I have been working with this lever for 9 years and of course I know what I am doing.
A novice trader should be very careful. Big gains = big losses.

With: 300€ deposit and leverage 1: 500, a single operation (set) consisting of 7 single trades of 0.01 lot
(0.07 total lots for an invested amount of approximately 14€), it is possible to touch very fast, positive and negative oscillations of the order of 2 digits %.
With the use of always high leverage and the first operation on a Basket system done in 2013, that was something I knew very well.

Results:
- effective time on the graphs: about 5 hours straddling the Asian and European Markets (DD of about 4%)
and about 1 hour straddling the opening of the American Market
(the price jumped at the speed of light upwards and down for several minutes as GBP news releases, with full DD recovery plus a small gain).
- 140 single open operations in total (20 sets) for a total of 1.4 lots.
- + 89.4 pips
- Relative DD (open operations) = almost -10%
- DD Maximum (closed transactions) = -6.6%
- economic result = + 0.06%
There is a definite reason for these not great results, but I don't discuss that here.



Under major news, the price has been correctly and uninterruptedly drawn on the chart continuously, without skipping data or having any breaks. The computer has always been quiet with moderate use of resources (but I have a 9th generation I7).
I can assure you that in the past, with a more "professional" Renko and used on a single pair, I have seen much worse situations, so I consider this 1st Stress Test perfectly successful.
I hope to be able to configure everything also on my another computer much more modest than this (Single Celeron) for today's NFP Friday 7 May
and also the 2nd (and last) Stress Test will be concluded.

See you tomorrow for my last post on this thread. Thank you.

PS:
Ninth consecutive day of testing (or tenth ... I really lost count) closed positively.
Unfortunately I fell asleep when I could really enjoy myself, shortly after the American Market opened.
I'm really sorry, but after 22 hours on the computer it's normal.

Your system looks very promising. I am really looking forward to your new update and post

Latest daily update. Unfortunately it is a long post.

In my previous post, I mentioned that I was going to sleep after 22 hours on the computer.
3.5 hours in bed, of which (maybe) I slept for two hours.
Back on my feet (European morning) 8 hours of work and then again the same situation, for the afternoon rest.
My brain is literally fused. I slept this month, as much as I normally sleep in 7 - 10 days.
All right. It was the final sprint. Made once ... made forever, but only for this configuration.
Because, in reality, the whole development has traveled parallel on two, different configurations.
I've never said anything before (except to one person, in PM) not to put too much meat on the fire and why,
at the moment, I can't integrate everything with Renko. And this thread is on the Renko.
However, for information purposes only, it is a graphically very similar configuration to the one presented here,
but with totally different principles and operations.
The two configurations cannot be mixed together or used for an analysis for each other.
This would only cause economic losses. The same caveat holds true though, even if you think of
use this configuration as a "signal" for your normal trading. It doesn't work like that and you would only have losses.
The whole works exclusively for itself.
And with this umpteenth piece of information, I have eliminated another slice of Traders who would be useless on my next thread.
If I go on like this, skimming after skimming, I'll be alone writing on that thread, for eternity.

Ok. let's move on to serious things. Technical information.
Today jump through hoops between my Trading, other tests (on two accounts) and the preparation / verification of the conditions of use,
of my old and faithful laptop with Celeron 900.
A mule I've done everything with. From Websites, to advertising graphics. From Trading to Crypto Mining.
This test was done just for you. To be able to stand tall, the efficiency of the configuration.

Speaking of computers:
as I have already written above, a real mule. The advantage of a Celeron Single Core over my more modern and efficient I7 is .....almost nil.
It is so irrelevant that it does not require attention. The reason lies in MT4.
A 32-bit program like this, will never exploit all the power made available by newer computers.
6 cores and 12 threads are useless. Everything travels on one, and the only difference lies in the speed of the Core where the MT4 works.
The results were as expected. The CPU usage was even less demanding than some of my old work configurations.
During today's NFP event (Non Farm Payroll, the most awaited and stressful one of the month) everything remained stable, with a result in expectations.
It would be really interesting, to tell how all the currencies have behaved on this news, because the data is unexpected,
but I would extend even more, a post already too long.

about 30 minutes before

less than 5 minutes later

At the same time, on the I7 I had 0.6% total CPU usage and equal RAM usage.
From these images, you can see how the use of RAM memory (in a stabilized configuration) is also very low.
Regarding CPU usage, I have worked with 90 and above in the past as well.
Second successful stress test.

Now I turn to the info on investment tests:
10th day closed positively (on both accounts used). I swear on what I hold most dear in the world. I hadn't had these benefits for many years.
My record is 48 consecutive working days closed in positive. But let's talk about maybe 4-5 years ago.

1st live account: € 300 - leverage 500:1 with stop trading, once a sufficient % profit has been reached.


Maximal Drawdown: 0.31%
Relative DD: I didn't register the max before closing the MT4, but if I remember correctly it was on 2 - 2.5%

2nd demo / real account (prop firm 1:6):
I didn't care at all. To tell you the truth, I was hoping to burn the bill so that I could be freer and focus on the more important ones.
I have not succeeded. Positive for +0.08% (referring to the entire account), referring to what I could really invest, it is a scarce +5%.
No way. I have to keep using it.

-----------------------------------------------------------------------------------------------------------------------------------------------------

Now I need not some advice, but an opinion, from everyone with a long experience on FF like mine (I have been reading FF regularly since 2012).
The question is where to place the new wire.
I have seen several dozen times, Threads and Users, become Commercial Members for no real reason.
One for example, just for having inserted a link to a free indicator, on the free market MQl. FF's excuse was that there are also paid products on the MQL Market.
Another because he did not immediately ask to remove a link (of another user) with reference, this time, to a paid service.

I am already sorry to have communicated the opening of this new thread.
Had I thought 1000 times, instead of just a few hundred, I wouldn't open anything at all e now I would be calmer.
No commitment on the Internet, except Trading and some answers here and there on FF. And I would enjoy life.
Instead, like a fool, I put myself in the position of having to face another very demanding commitment in terms of time and energy.

Anyone who has (or had) a particularly important and followed thread, knows what I'm talking about. I've been there before with an Italian Forum.
Damn .... why not at least learn from your own experience? Now "Alea iacta est" (old Italian quote).

Already all this is enough and advances, without having to act as an always angry watchdog, to check every hour,
that some stupid does not write something that can move the wire in the commercial area or to pay even more attention, to what I write.
I have seen too many times this become unpleasant for the OP and for users who are fond of the thread.
It is not pleasant if this happens later.
If, on the other hand, it were an advance and well calculated choice, the situation would be different.

I repeat for the umpteenth time: all the material I will publish will be completely free and without restrictions,
but I also want a discussion where there is freedom to talk about free services and products. Talk about used brokers, or about the best VPS I've found and used,
how to save on Broker costs and other useful and / or indispensable services for every Trader. All free.

Because will it happen like this. Eventually it will happen.
Sooner or later I'll read posts aimed at me or other members, like:
"I can't find the website, can you give me the address?" , "What do you use?", "Which is the best in your opinion?" ,
"What do you suggest me?" , "Which one do you recommend?" and others like it.
I will find myself at the point, to see over time, hundreds of answers from many willing helpers and it will be a problem to manage everything.

Now, what are the real problems, directly opening a commercial thread?
- can't I write on non-commercial threads? (better ... more time for more)
- can't I answer more than one PM per day? (better .... my intention is not to answer anyone. More time for more)
- do people see a commercial thread and stay away? (good ... so you miss important information, products and services, even free. Too bad for you.
The EA that I used until yesterday for u Trading similar to this one, comes from a Commercial Thread, is free and has always fulfilled its duty).
What else? Because these limitations are already not reported in the FF rules. There is none of this written anywhere. Bravo FF.

Please tell me yours. It's important to me, I might be missing something. If I do the opposite, please don't be offended. Nothing personal.
I hope to read several comments within 48 hours and will not reply so as not to further clog this thread.

Thanks again to vdubus for his hospitality on this thread. It was a welcome thing.
Monday morning I will create the new thread and its first, sweaty, post.

I have prepared two variations of an old Indicator,
found in two different versions (main graph and sub window).
Unfortunately I cannot apply it to my "Configuration"
https://www.forexfactory.com/thread/...istory-the-eos
getting an excessive load on the CPU.

In reality, usage remains under control (about 13%), but my computer's fans are constantly running.
I prefer to avoid, so I keep these two variations of mine, pending for future use.
Used on normal and offline charts, they are perfect and allow you to know the current situation of the Renko bars, in different sizes.
They signal the situation of the open bar, not the closed one.
At first glance it seems that some of the results displayed are conflicting, but I don't think it is possible, as the code is exactly the same.
They probably need a few minutes to normalize.
If you think it can be of help for your trading, do a test like the one in the attached image, and verify that it works.

I attach them here at your disposal.
At least (for now) I haven't wasted all the hours required for the changes.

MultyBoxRENKO (first version)

MultyBoxRENKO 3 (a modification not mine, of the first version)

Attached File(s)

MultyBoxRENKO 3.mq4   56 KB | 522 downloads

Attached File(s)

MultyBoxRENKO 3.ex4   69 KB | 387 downloads

and my changes:
Indy EOS MultyBoxRENKO 3 (only 3 results instead of 5)
Indy EOS MultyBoxRENKO 1 (only 1 result instead of 5)



Good weekend everyone.

Hi Hutch,
thank you.

Are the arrows half trend2?

Thank you

interesting thread thanks Vdubus!!!!.

just a little additive for youz

I hated the dots on sup res so here is the support in lines
AND

Follow line seems even faster ( dunno if it repaints yet market closed)
but change bb Period to 7 seems short but hey its renko ( i use ovo renko 10 pip blocks)

Dear AngieT,

Can you please post the whole setup?


Regards.

.
i can yes they are for gold XAUUSD they wont work on currencies is that ok ? the other two are only ccp and corel8 changed for gold.

so it will take time to post but i will if you want

That should be them all

Hi Angiet,
I downloaded your template but the arrows do not appear.
Can you tell me how to do it?
Thank you