My system with renko, perfect mix
Renko trading using proven strategy
- #624
- Aug 31, 2022 4:09am Aug 31, 2022 4:09am
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,732 Posts
Let it turn and find your entry.
- #625
- Sep 2, 2022 12:11am Sep 2, 2022 12:11am
- Joined Sep 2014 | Status: FF is a waste of time | 1,361 Posts
{quote} I thought about replicating your chart and here's the result, looks like it's more effective on higher brick values but those require wider stops. {image} {image}
I do not trade arrows, only price levels. There is no magic here, MA and MACD the simplest system in the world.
if you're doing we all have results with all
- #626
- Sep 2, 2022 1:01am Sep 2, 2022 1:01am
- Joined Sep 2014 | Status: FF is a waste of time | 1,361 Posts
The pip29 template looks good https://www.forexfactory.com/thread/...ade-with-arrow {image}
if you're doing we all have results with all
- #627
- Sep 2, 2022 2:18am Sep 2, 2022 2:18am
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,732 Posts
Let it turn and find your entry.
- #628
- Edited 2:45am Sep 2, 2022 2:25am | Edited 2:45am
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,732 Posts
Let it turn and find your entry.
- #629
- Sep 2, 2022 2:51am Sep 2, 2022 2:51am
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,732 Posts
{quote} Yes it's visually appealing but not as responsive as I would like it to be, I caught some pips with it yesterday
I don't like being disappointed so I just hit and run especially when I've already missed some positive outcome signals, I waited for the Pips29 set-up to confirm while The MACD was a go very early on.
Let it turn and find your entry.
- #633
- Dec 17, 2022 3:11pm Dec 17, 2022 3:11pm
i luv renko. its only that I couldn't fiind any. i keep on searching the indi at least an mq4 file just the basic so that I can incorporate with other indis. if anyone who can share. thanks.
- #634
- Dec 18, 2022 12:36am Dec 18, 2022 12:36am
{file} {quote}
this is an ea. and renko type candle is the same with the regular bar type candle.
im looking for a box type, an indicator, not an ea. if anyone can..
{quote} thank you wansiman. very much appreciated.
If you click on "Candles" (top left, circled in red) this is what you should get; after, it's up to you to customize the colors...
- #636
- Dec 18, 2022 1:59am Dec 18, 2022 1:59am
{quote} nédal, If you click on "Candles" (top left, circled in red) this is what you should get; after, it's up to you to customize the colors...
thank you transmat.may i ask, what is the equivalent time frame for the offline chart M2?
{quote} i got it!
An offline Renko chart cannot perfectly resemble a classic chart because it is the time it takes to break out of the predefined box in pips or points, to form another candle which will be the common thread; This can take from a few seconds to several hours.
- #639
- Dec 18, 2022 5:32am Dec 18, 2022 5:32am
{quote} M2 does not mean anything by itself for an offline Renko chart; it's just to differentiate it from the others. An offline Renko chart cannot perfectly resemble a classic chart because it is the time it takes to break out of the predefined box in pips or points, to form another candle which will be the common thread; This can take from a few seconds to several hours.
valid numbers are:
2,3,4,6,7,8,9
invalid numbers are:
1,5,10,11 and so on..
thank you again transmat.
be blessed.
