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Laguerre multi brick offline - LMBO

  • #81
  • Dec 30, 2024 2:49pm Dec 30, 2024 2:49pm
Quoting cementman
how do you convert the chart to renko on mt4, which indicator or expert is used and how do you attached it so the profile becomes like in 1st post of this thread.
Google how to install renko charts on mt4
Ronnie Renko
  • #82
  • Jan 2, 2025 11:33pm Jan 2, 2025 11:33pm
Hi
Good to see a new Median Renko thread. I only use OVO MR builder. I like your ideas. I have added to my chart yesterday. The MACD I have not added yet, as you said it repaints, so decided to try with my indicators initially. See trade yesterday on the GER40. I only trade the Indices at LO, usually for 2/3 hours (sometimes I will trade the GBPJPY in the Asian session at work). Got a lucky runner trade last night, 100p. Waited for the TMA bands to be OB and Laguerre (Blue line) to cross the level down, the white line is W%R 14 (Look for set ups crossing the ZERO line), and my MACD 7/28/7 (less lag).
I will test the set ups and hopefully I can add to the discussion.
Cheers
Rod
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  • #83
  • Jan 3, 2025 4:39am Jan 3, 2025 4:39am
Quoting grenell
Hi Good to see a new Median Renko thread. I only use OVO MR builder. I like your ideas. I have added to my chart yesterday. The MACD I have not added yet, as you said it repaints, so decided to try with my indicators initially. See trade yesterday on the GER40. I only trade the Indices at LO, usually for 2/3 hours (sometimes I will trade the GBPJPY in the Asian session at work). Got a lucky runner trade last night, 100p. Waited for the TMA bands to be OB and Laguerre (Blue line) to cross the level down, the white line is W%R 14 (Look for set ups...
Hello Grenell,

The main idea behind all offline charts (renko, media renko, crb and so on) are multi charts as they give bigger picture... it is not about strategy and indies that we use.

And if you put good money management, add litle discipline it can be good.
  • #84
  • Jan 3, 2025 6:26pm Jan 3, 2025 6:26pm
Hi Zokynho,
Yes, higher time frames are very good. I do look at 10 & 20 MR charts of the GER40 for overall trend when trading off the MR6. Trading with the Trend and also reversals. I also trade off the MR10 with another system. I have added your idicators to thiose charts as well, now to observe. Thanks again. My money mamangement uses a Stop and 2 TP, with balance of the trade closing with TS. Risk 0.5 to 1%, depending on a number of other factors.
  • #85
  • Jan 5, 2025 10:07pm Jan 5, 2025 10:07pm
3.06 pm Monday,(Asian Session).

Slow market but collected a few Quickies.

Important Red Flag news this week \.
R
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Ronnie Renko
  • #86
  • Jan 5, 2025 10:41pm Jan 5, 2025 10:41pm
Heading towards the WPP.

I do like Pending Orders.
R
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Ronnie Renko
  • #87
  • Jan 6, 2025 7:00am Jan 6, 2025 7:00am
NY open has arrived
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Ronnie Renko
  • #88
  • Edited 7:19am Jan 6, 2025 7:05am | Edited 7:19am
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Ronnie Renko
  • #89
  • Jan 6, 2025 6:33pm Jan 6, 2025 6:33pm
Quoting Ced74
3.06 pm Monday,(Asian Session). Slow market but collected a few Quickies. Important Red Flag news this week \. R {image}
Hi Ron
Fellow Aussie based in Sydney. Ive been trading renko for a few years now basically using the 123 method as taught by Niko Mermigas (Nikos tTading Academy). Always looking at Forex Factory for different approaches to renko, most are trend following but Im very interested in your method.
You have over 5000 posts, can you direct me to a post that explains your strategy? It appears to be based on a channel combined with levels but Im struggling to understand your entries.

I see you trade gold with a relatively small block size so your in and out quite quickly. Every time I try samller block sizes I get whipsawed. I have always thought being based in Australia is a disadvantage due to time zone but you have given me encourgement that it can be done. Thanks
  • #90
  • Jan 6, 2025 8:20pm Jan 6, 2025 8:20pm
1.19 pm,(Asian Session)

Combo of scalps and longer term trades for to-day so far.....Just one account.
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Ronnie Renko
  • #91
  • Jan 6, 2025 8:24pm Jan 6, 2025 8:24pm
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I mainly scalp during the Asian session as there usually is less volatility.
...Always at the back of my mind is the concern not to get caught with the daily buy swap fees, in particular the triple swap fees on a Thursday.......Love the sell swap fees.
Ronnie Renko
  • #92
  • Edited 9:07pm Jan 6, 2025 8:46pm | Edited 9:07pm
Even after all these years of looking at Pretty pictures I still consider myself to only be a Forex Layman compared to the many more learned folks trading.

No one knows which direction the market will go....Red flag news later this week may help but these days the market can move at any time thanks to our mates the MM,s....Just my humble thoughts.

1.51 pm so the market may stuff around now for a couple of hours.

Update
Just collected another 2 Sells taken @ 2639.60
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Ronnie Renko
  • #93
  • Jan 6, 2025 9:23pm Jan 6, 2025 9:23pm
As posted above the market is now slow...
We all know that Talk is Cheap but I have posted many live trades in my ID over the years.
Trading is extremely Boring/Lonely at times and posting helps to pass the time.

Now patiently waiting for another Sell Trade.


R
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Ronnie Renko
  • #94
  • Edited 9:48pm Jan 6, 2025 9:37pm | Edited 9:48pm
Patience pays.
...Took 2 trades again.

At this time of the day a "Bird in the Hand is better than 2 in the Bush"

Ronnies Ramblings.

Update.
Taken 2 more sells @ 2640.14 ...Won whilst typing....Like taking Candy from a Baby.
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Ronnie Renko
  • #95
  • Jan 7, 2025 12:50am Jan 7, 2025 12:50am
Frankfurt open is upon us....Sells running so lets see what transpires.
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Ronnie Renko
  • #96
  • Jan 7, 2025 12:54am Jan 7, 2025 12:54am
Nice trades Ced74
  • #97
  • Jan 7, 2025 12:55am Jan 7, 2025 12:55am
Just follow the trail.
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Ronnie Renko
  • #98
  • Jan 8, 2025 9:25pm Jan 8, 2025 9:25pm
2.18 pm.Thursday.
Market is mighty slow which is the norm at this time of day.(Gold)

This thread is also rather quiet so I thought I would add Ronnies Ramblings.......Come on folks do not be Shy.

Set several Pending orders too low yesterday as My Crystal Ball did not tell me that gold would go to almost 2670 but all is well as I am being paid swap fees...Gold just returned to Daily Open and sneaking down.
Next week may be interesting and we have NFP to-morrow.

Ronnies Ramblings.
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Ronnie Renko
  • #99
  • Jan 8, 2025 9:28pm Jan 8, 2025 9:28pm
Gold may go higher next week but who knows .....I just go with the flow.

At this time of the day I am happy with just a few pips.....Patience is the name of the Game.
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Ronnie Renko
  • #100
  • Jan 8, 2025 9:41pm Jan 8, 2025 9:41pm
I have my Babies lined up for the next higher level just in case.....

.....2025 may be an interesting year with Mr.Trump.

R
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Ronnie Renko
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