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Renko Trading Discussion

  • #2,281
  • Feb 10, 2025 8:34am Feb 10, 2025 8:34am
EURJPY, 5 pips Renko, fractal breakout bias

Managed to snag this a few hours back, usually I'll close one of the trades for some profit but they are going quite nicely so decided to trail them and get a bit more
Demo trading, still, been a bad bad trader so no live account for me for now *GRUMPY BUT MY FAULT*
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  • #2,282
  • Feb 11, 2025 3:13am Feb 11, 2025 3:13am
Hi all,

Which Renko generator are you using? I'm currently using STG Renko Generator but now that I've moved to 5 pips bricks it sometimes hangs (weird stuff)
During the past three years I tried Ovo, UltimateRenko, MathTrader7 and I think one or two more, the STG was the most stable and efficient, resource wise, and if I'm using 10 pips bricks it's great even during news and high volatility events but the last couple of days have been hard on it when price starts moving on a 5 pips brick chart so I'm on the hunt for a new Renko generator or ways to alleviate the STG's fluctuations in performance



Thanks
  • #2,283
  • Feb 11, 2025 7:35am Feb 11, 2025 7:35am
1st trade for a while: DAX +25 pips, 10 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #2,284
  • Feb 11, 2025 7:39am Feb 11, 2025 7:39am
Quoting Reamasesa
Hi all, Which Renko generator are you using? I'm currently using STG Renko Generator but now that I've moved to 5 pips bricks it sometimes hangs (weird stuff) During the past three years I tried Ovo, UltimateRenko, MathTrader7 and I think one or two more, the STG was the most stable and efficient, resource wise, and if I'm using 10 pips bricks it's great even during news and high volatility events but the last couple of days have been hard on it when price starts moving on a 5 pips brick chart so I'm on the hunt for a new Renko generator or ways...
Hi Reamasesa, I use MathTrader7's non gap Renko all the time, its been a long time since I used anything else. I've also tried a few different variants in the past, I prefer MT7's non gap variant. Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #2,285
  • Feb 11, 2025 10:06am Feb 11, 2025 10:06am
Quoting Davidh061
{quote} Hi Reamasesa, I use MathTrader7's non gap Renko all the time, its been a long time since I used anything else. I've also tried a few different variants in the past, I prefer MT7's non gap variant. Cheers, Dave
Thanks, on my platform the STG and MathTrader7's EA don't look the same and the EA I'm using to place orders is going crazy using the Renko chart generated by the MT7 EA

I'll keep searching, thanks
  • #2,286
  • Feb 18, 2025 2:45am Feb 18, 2025 2:45am
DAX short +62 pips, no resistance at 22800 would have made it a +15 trade. 15 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #2,287
  • Feb 26, 2025 12:21am Feb 26, 2025 12:21am
Quoting gringo2019
{image}
Can you share this system files, template, thanks
  • #2,288
  • Feb 26, 2025 12:26am Feb 26, 2025 12:26am
Anyone using meanrenko indicator chart?
  • #2,289
  • Feb 26, 2025 3:20am Feb 26, 2025 3:20am
Renko-boy,

I only use the EA's as defined on page 1, please read and download if suitable.
  • #2,290
  • Mar 3, 2025 3:39am Mar 3, 2025 3:39am
DAX is a bit wild for a Monday morning - long for 30 pips, 10 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #2,291
  • Mar 7, 2025 8:55am Mar 7, 2025 8:55am
DAX long +64 pips, no trades this morning - that will do. 15 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #2,292
  • Mar 11, 2025 3:37am Mar 11, 2025 3:37am
DAX long +49 pips, 15 pip bricks. DAX looked wild yesterday, no trading for most of the day, +18 late on.
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Everything should be made as simple as possible, but no simpler - Einstein
  • #2,293
  • Mar 11, 2025 4:35am Mar 11, 2025 4:35am
Quoting Davidh061
DAX long +49 pips, 15 pip bricks. DAX looked wild yesterday, no trading for most of the day, +18 late on.
Excellent trading, it whipsawed a bit, I started the day well but end of day was only just up.
  • #2,294
  • Mar 11, 2025 4:50am Mar 11, 2025 4:50am
Quoting pgtips
{quote} Excellent trading, it whipsawed a bit, I started the day well but end of day was only just up.
Thanks PG, I think the DAX has gone to sleep for the moment. Only just up is better than down, particularly when it is thrashing around like this!
Everything should be made as simple as possible, but no simpler - Einstein
  • #2,295
  • Mar 11, 2025 6:02am Mar 11, 2025 6:02am
yes I have been watching, its messy to the left, messy to the right so can't see much
  • #2,296
  • Mar 11, 2025 7:45am Mar 11, 2025 7:45am
Quoting pgtips
yes I have been watching, its messy to the left, messy to the right so can't see much
Back to it, I can't see much either at the moment on my 15 pip brick chart. There has been a move from big swings to this choppy stuff - uncertainty? Difficult to trade I think.
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Everything should be made as simple as possible, but no simpler - Einstein
  • #2,297
  • Mar 14, 2025 7:34am Mar 14, 2025 7:34am
Hi David,
may I ask, how or what makes you decide which chart TF to use, sometimes its 5, sometimes 10 or 15 pip bricks. Do you have 3 open and look to see which one is giving you the nicest picture ?

I spent forever on 10 but thought I would look at different ones, such as 5 but of course it introduces a lot more noise. Its no coincidence since trump took office the number of bars (i.e movement) is significantly higher. and seems to whip a bit (lot) more. I managed to get 10 today but it isn't much given DAX movement. I won't be greedy but would like a bit more.

An interesting observation as well. DAX is made up of german stocks so I would not expect it to pay much attention to 00 levels as it isn't one stock but many, i.e 00 levels just aren't a thing but I do see it hesitates and stutters around the 00 levels even when it makes no sense to do this.

Can anyone enlighten me, I think I missed something somewhere :-)

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like here just in the past few hours, did all the DE30 stocks all at the same time sell off because the combination of their price hit a 00 level. It shouldn't do.
  • #2,298
  • Mar 14, 2025 8:37am Mar 14, 2025 8:37am
Quoting pgtips
Hi David, may I ask, how or what makes you decide which chart TF to use, sometimes its 5, sometimes 10 or 15 pip bricks. Do you have 3 open and look to see which one is giving you the nicest picture ? I spent forever on 10 but thought I would look at different ones, such as 5 but of course it introduces a lot more noise. Its no coincidence since trump took office the number of bars (i.e movement) is significantly higher. and seems to whip a bit (lot) more. I managed to get 10 today but it isn't much given DAX movement. I won't be greedy but would...
Hi PG, almost exclusively 15 pips on the DAX, especially how volatile it is at the moment. I occasionally look at the 10 pip chart, and its been a long time since I used the 5 pip chart for the DAX - too much noise on the lower brick size. Of course it depends on which instrument, sometimes when I look at a 15 pip GU chart it seems to take forever to complete one brick. The DAX definitely reacts to 00 levels - if you look at earlier today it bounced off the 23000, retraced to the 22900 zone where it found some support eventually and zipped back to 23000 where it was rejected again until finally breaking through. I don't know why it does this - but it does, most of the time! There is also the mid market 050 line which I also mark up, its just found support at 22900, rejected by 22950 and it is testing the 22900 support again, I think it will break through this time (which it didn't!). I guess a picture would be more useful that a lot of words

Have a good one.
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Everything should be made as simple as possible, but no simpler - Einstein
  • #2,299
  • Mar 17, 2025 3:31am Mar 17, 2025 3:31am
DAX long +43 pips, 15 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #2,300
  • Mar 18, 2025 7:20am Mar 18, 2025 7:20am
Placed a break even mark before going to bed, thought I had enough wiggle room and woke up to this
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