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Renko trading using proven strategy

  • #681
  • Jun 30, 2024 3:59am Jun 30, 2024 3:59am
Quoting DwnUndrTrdr
{quote} Nicely devised and presented. What are they stochastic settings you are using? Thank you for clearly outlining your approach to trading
14,3,3
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  • #682
  • Jun 30, 2024 5:28am Jun 30, 2024 5:28am
Quoting DwnUndrTrdr
{quote} Nicely devised and presented. What are they stochastic settings you are using? Thank you for clearly outlining your approach to trading

I forgot to mention in my previous post that I always follow the direction of the Supertrend on the higher timeframe. Here’s how it works:

  1. If the 6-period multiplier Supertrend on the higher timeframe is indicating a downtrend, I only look for sell opportunities.
  2. If the 6-period multiplier Supertrend is indicating an uptrend, I only look for buy opportunities.

The smaller Supertrend on the higher timeframe also helps in identifying good entry points at the beginning of new impulsive moves, which in turn gives me a better risk-reward ratio.
Following this approach ensures that I am trading with the overall trend direction, increasing the likelihood of successful trades.
Feel free to ask any questions or share your thoughts!

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  • #683
  • Jun 30, 2024 7:17am Jun 30, 2024 7:17am
I like Renko charts....how long you been trading this Goncalo008?
  • #684
  • Edited 10:47am Jun 30, 2024 10:28am | Edited 10:47am
Quoting nozzer
I like Renko charts....how long you been trading this Goncalo008?
I've been using this system for the past 3 months.
A couple of years ago (2 or 3), I also traded with mean Renko and was a student of ZenFx (you can find them on YouTube). But back then, I was a bit of a newbie and didn't understand much about market behavior and structure. Now, after spending a lot of time focused on it, I've realized that market structure with Renko is quite simple.

With this system, I've already made some good profits on prop firms, and I've recovered the money I spent last year and in the first few months of this year. I went from a 5k account to a 25k account on FundinPips in 4 challenges. I lost one due to greed and overtrading, but now I'm back on the right track.

I usually trade only EUR/USD or XAU/USD. Try using a Renko size similar to M5/M15 for small time frames and M30/H1 for bigger time frames. I usually determine my trade direction on H4 at the beginning of the week.
With Renko, I don't experience the FOMO (fear of missing out) that I usually had with candlesticks.
  • #685
  • Jun 30, 2024 10:46am Jun 30, 2024 10:46am
I'll share the custom indicators I use with this system.

  1. AKS Risk Reward Long Short - This is the tool that shows the RR positions.
  2. Renko Wicks - Since the built-in Renko on cTrader doesn't have wicks, this indicator adds the wicks to the candles.
  3. SuperTrend Experto - This is the SuperTrend indicator I use, but there's also a built-in one.
  4. Round Levels - it's the indicator that i use for round numbers
  5. Stochastic - I use the built-in version.
  6. Risk On Trade - This is a cBot (though I know the creator also has an indicator version of it) that works like a position size calculator on MT4. It's paid, but worth the money since it was around $30.

Since i can't upload the files here. I created this shared folder.

Shared folder

Risk on trade page

  • #686
  • Jun 30, 2024 5:23pm Jun 30, 2024 5:23pm
Hello, I see that there are active comments about renko, I am interested in meeting someone who is passionate about Renko charts to operate with an EA and search for effective configurations automatically. Here I show two EAs that I have currently working on and that their explorers are in my profile in case you want to give them a review.
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  • #687
  • Jul 1, 2024 1:45am Jul 1, 2024 1:45am
GN everyone!

Today i took this late trades:

XAUUSD BUY

High timeframe:

  1. Bigger supertrend is green
  2. Stochastic gave us a v touch on 20 lvl (i can explain this theory)
  3. we had a reverse candle (price manipulate the last bearish candle and went up

Smaller timeframe:

  1. Price have swiped previous lows and retraced right way from the OB.
  2. Stochastic was comming from 20 level
  3. Price reacted on 2320 level.


Missing confluence:

  1. Fib retracement

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  • #688
  • Jul 1, 2024 6:11am Jul 1, 2024 6:11am
@Goncalo008, Can you explain more about 'renko market structure ' i am interested in knowing more i use to read havo posts on here but i havent seen him post in a while
  • #689
  • Edited 5:54am Jul 2, 2024 3:06am | Edited 5:54am
Quoting nozzer
@Goncalo008, Can you explain more about 'renko market structure ' i am interested in knowing more i use to read havo posts on here but i havent seen him post in a while

Hey, market structure is equal in any chart. Let me share something that helped me alot this year.

This playlist made a huge difference for me. He explain very well and make things simple.
  • #690
  • Aug 30, 2024 12:03pm Aug 30, 2024 12:03pm
Please advise any good non repaint arrow for renko chart? Any good arrow for 4 hour chart works good for renko too.
  • #691
  • Aug 30, 2024 10:16pm Aug 30, 2024 10:16pm
Best trading strategy
Market is Open University, Just have To Do PHD
  • #692
  • Sep 6, 2024 2:18pm Sep 6, 2024 2:18pm
Quoting Goncalo008
{quote} Hey, market structure is equal in any chart. Let me share something that helped me alot this year. This playlist made a huge difference for me. He explain very well and make things simple.
Hello you have great system.I'm testing system renko with multi-stochastic and reversal candle entry on Nasdaq.
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  • #693
  • Sep 17, 2024 3:38pm Sep 17, 2024 3:38pm
Quoting tgdrela1
iHarvest Renko Strategy Hello campers Here is my way of trading RENKO small trends during the morning hours of Europe market and during NY open. This system is very profitable and can be traded by most people that have the required discipline. The rules: Check that you have a established trend using visual confirmation. This can be done on the H1 and the 6pip renko chart. See Post 13 Look for entries close to the hour (8 am 9 am 10 am...13,14,15,16) Always place a SL...
Hi brother the renko chart is not working and the youtube links also is there by anychance i can get the indicators and the videos
  • #694
  • Jan 17, 2025 5:08am Jan 17, 2025 5:08am
Hybrid of HoLo plus Renko
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File Type: pdf HoLo.pdf   626 KB | 342 downloads
Everything should be made as simple as possible, but no simpler - Einstein
  • #695
  • Jan 19, 2025 10:35pm Jan 19, 2025 10:35pm
Hi renko traders!

Anyone share working meanrenko indicator here, i tested all but no any work
  • #696
  • Feb 3, 2025 9:26am Feb 3, 2025 9:26am
Try this one
Attached File(s)
File Type: ex4 evolution_renko_ea_v1_31.ex4   28 KB | 424 downloads
  • #697
  • Last Post: Feb 12, 2026 11:26pm Feb 12, 2026 11:26pm
Quoting Goncalo008
{quote} I forgot to mention in my previous post that I always follow the direction of the Supertrend on the higher timeframe. Here’s how it works: If the 6-period multiplier Supertrend on the higher timeframe is indicating a downtrend, I only look for sell opportunities. If the 6-period multiplier Supertrend is indicating an uptrend, I only look for buy opportunities. The smaller Supertrend on the higher timeframe also helps in identifying good entry points at the beginning of new impulsive moves, which in turn gives me a better risk-reward ratio....
Hi Mate,

Thanks for providing info on Renko charts, I just found this chart and still learning. Could you please share what your supertrend settings for both smaller and higher timeframes...trading only gold for now..
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