Renko Trading Discussion

I have these 3 operations running in the first phase of the $20,000 Challenge. If the prediction is fulfilled, I will be closer to passing it :s

Please what are the settings of these two TMA channels used in the chart?

I went to bed early last night and missed the move down......Normally I would have caught some of this.

One is default settings...56(Red).....The second one is 40(Green)

Thank you

In the end I lost count due to not taking care of risk management. I started a new challenge of 25,000 with these two operations in EURNZD

and I take out the Stoplosp to then go up strongly :v risk of 1.2%

Here are some entries from the 14th, let's see how they develop during the week, average risk per operation .5%




I made a purchase in GBPAUD without knowing that there was news and it took me straight to SL in 5 minutes

Selling CADJPY, I see price accumulation and I expect the CAD to continue to fall while the Yen strengthens (.5% risk)


Selling CHFJPY, analysis is similar, I see Japanese YEN strengthening (.8% risk)


The Swap is costing me too much, I hope that holding the operations for several days does not backfire on me

buy in EURCAD, I see weakening in the CAD in addition to reaching an important point in Fibonacci (1% Risk)

Renko charts are powerful tools for filtering outmarket noise, focusing solely on price movement. Instead of time-based candles, Renko blocks form based on price changes, helping traders spot clear trends and reversals. It's great for reducing emotional trading and identifying key support/resistance levels. Have you tried Renko trading? Share your strategies and experiences!

DAX on the rampage short this morning, took a -11 pip loss around 19500 so walked away. Pace down has slowed for the moment - more to come or find support around 19400 zone? I'll probably leave it today:

Recovered my -11 loss with a +39 pip long. 15 pip bricks:

DAX bouncing along in 100 pip channel, back later (15 pip bricks):

DAX finally broke through lower channel (19367) to mid market then retraced to 940, entered for a short at 19390. Having broken through yesterdays low at 367, found support there - closed for +5 pips:

My short was stopped by the support zone on the 11th/14th October around 19350 (DG2), starting at 19327 - which I didn't spot. Scalped a few more pips, I think I'll call it a day until the direction becomes a bit clearer, 15 pip bricks:

Late start, +34 pips short, 15 pip bricks:

Looks like a whole week of DAX chart - this is today so far, I wonder why? I've been avoiding it although did squeeze +14 pips (!) out of it earlier:

HI MT7,
Do you happen to have a renko moving average crossover ea which can take trades immediately after a crossover and has a function to close trades on opposite signal?