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Renko Block Charts

  • #341
  • Sep 29, 2009 12:27pm Sep 29, 2009 12:27pm
Watch the video and develop your own Renko Trading System
Video Renko Mechanical Trading System

I would suggest to post Renko Trading Systems in a new thread under Trading Systems because we are now in Programming Discussion.

Lou G did a wonderfull job in programming the Renko scripts, indicators and EA's.
This is a strong step forward for many people to start trading with Renko Charts.

Thank You very much to give a lot of traders the opportunity to use your work.

eTrader
Remark: there is no link between the video and eTrader
Only for educational purpose.
  • #342
  • Sep 29, 2009 1:28pm Sep 29, 2009 1:28pm
Quoting eTrader
Watch the video and develop your own Renko Trading System
Video Renko Mechanical Trading System

I would suggest to post Renko Trading Systems in a new thread under Trading Systems because we are now in Programming Discussion.

Lou G did a wonderfull job in programming the Renko scripts, indicators and EA's.
This is a strong step forward for many people to start trading with Renko Charts.

Thank You very much to give a lot of traders the opportunity...

Link already posted a few post back. Thanks anyway.
  • #343
  • Sep 29, 2009 1:44pm Sep 29, 2009 1:44pm
Quoting Lou G
Very good - there's your system.

P.S. Here's a hint - you don't need any indicators to trade Renko

Hmmmm. I am just a newcommer who has not developed the art of chartreading. To me indicators are useful to help me filter at least some of the wipsaws. Maybe I am approaching this all wrong. A while of demo trading will clarify.
  • #344
  • Sep 29, 2009 1:53pm Sep 29, 2009 1:53pm
Quoting Lou G
What is the purpose of your posts? You have used both the commercial script and the one written by LastViking in a manner contrary to the instructions and proved what?

If are unhappy with the results of either script then why not use the other one?

And, don't PM me any more...
A large dose of patience and understanding will prove to be extermely benificial to all. There are people from all over the world on the board and not all use english as a regular means of communication. But they all try very hard on this board. Maybe not expressing their thoughts correctly but that leeway has to be given. Patience and understanding please.
  • #345
  • Edited 3:45pm Sep 29, 2009 3:43pm | Edited 3:45pm
Quoting eTrader
Watch the video and develop your own Renko Trading System
Video Renko Mechanical Trading System

I would suggest to post Renko Trading Systems in a new thread under Trading Systems because we are now in Programming Discussion.

Lou G did a wonderfull job in programming the Renko scripts, indicators and EA's.
This is a strong step forward for many people to start trading with Renko Charts.

Thank You very much to give a lot of traders the opportunity...
I agree - we have passed (hopefully) beyond the programming part of this topic. Thanks again to EllisEdi and LastViking without whom RenkoLiveChart_v3.0 would not exist.

I do not feel qualified to start a Trading Systems thread at this time. I have some ideas and opinions about what might work well but my thoughts can hardly be called a developed trading system. If anyone here wishes to start such a thread, count on my participation.

Best,

Lou G
Old Benjamin was right
  • #346
  • Sep 29, 2009 4:18pm Sep 29, 2009 4:18pm
Thanks to all for participating in this thread and getting the code to where it is now.

I do not trade using Renko charts, I just began this as an exercise in programming while waiting for my trades to hit my TP's ...

Good Luck all


-- beware of Trolls ...
EllisEdi Moving on to my next trade ...
  • #347
  • Sep 29, 2009 6:02pm Sep 29, 2009 6:02pm
Thanks for posting that link, eTrader
I combined some elements of that system with Nitro & it looks awesome.

Quoting eTrader
Watch the video and develop your own Renko Trading System
Video Renko Mechanical Trading System

I would suggest to post Renko Trading Systems in a new thread under Trading Systems because we are now in Programming Discussion.

Lou G did a wonderfull job in programming the Renko scripts, indicators and EA's.
This is a strong step forward for many people to start trading with Renko Charts.

Thank You very much to give a lot of traders the...
  • #348
  • Sep 30, 2009 3:09am Sep 30, 2009 3:09am
Here is another link:
Renko Methodologies

Click on Show iBox !

eTrader
  • #349
  • Sep 30, 2009 5:51am Sep 30, 2009 5:51am
Do you understand how to use atr to determine brick size for a particular pair?
When they say 5 min renko chart do they mean that they are using the atr from a 5 min chart to determine the brick sizes they are using?
Guess we can take this discussion to one of the renko/nitro threads if it becomes a long drawn out answer.
I like the info provided in your links. Provides a lot of info on renko that I haven't tried yet.
Do you want to start your own renko trading thread?

Quoting eTrader
Here is another link:
Renko Methodologies

Click on Show iBox !

eTrader
  • #350
  • Sep 30, 2009 7:58am Sep 30, 2009 7:58am
Quoting 45Fxguy
Do you understand how to use atr to determine brick size for a particular pair?
When they say 5 min renko chart do they mean that they are using the atr from a 5 min chart to determine the brick sizes they are using?
Guess we can take this discussion to one of the renko/nitro threads if it becomes a long drawn out answer.
I like the info provided in your links. Provides a lot of info on renko that I haven't tried yet.
Do you want to start your own renko trading thread?
I don't understand it either - ATR changes almost every bar.
Old Benjamin was right
  • #351
  • Sep 30, 2009 12:25pm Sep 30, 2009 12:25pm
Since no one has stepped forward to continue the actual trading technique (as opposed to programming), I will open a thread later today in the Trading Discussion Forum.

I'm opening it there rather than in Trading Systems because I do not have a developed system at this time (though I have a few ideas) and it seems that a few members here also have the same.

Let's make the new thread a place to share our knowledge rather than one where one person presents a complete trading method and expects everyone else to follow along within the rules of that method.

Drop in at the new thread and let's see if we can all learn something...
Old Benjamin was right
  • #352
  • Sep 30, 2009 12:29pm Sep 30, 2009 12:29pm
Quoting eTrader

Lou G did a wonderfull job in programming the Renko scripts, indicators and EA's.
This is a strong step forward for many people to start trading with Renko Charts.

Thank You very much to give a lot of traders the opportunity to use your work.

eTrader
Remark: there is no link between the video and eTrader
Only for educational purpose.
Yes. Lou G and LV did a marvelous job of programming. I do not know the workings of the board. Would I be right in supposing that system development has to move to a different thread ? If so what is the next step ? How does one do that because developing our own simple trading system would be a terrific step.

Nitro ( whatever that is ) appears to be a scalping method. I cannot find a concise discription of the method. Is there a link to the method page ? I think that the THV group went about it in the correct fashion. Their page 1 post 1 contains the entire method and any updates and evolutions are posted there without having to read the entire thread. The thread then contains explanations, trader interpretations and discussions on trading the system and it is very strictly monitered by Cobraforex to keep the thread on track.
  • #353
  • Sep 30, 2009 1:54pm Sep 30, 2009 1:54pm
My advice is to design your own system, so you understand your rules as you have to interpret them when trading live. Always test the accuracy of your system first on demo.

A very simple Renko rule is when you have 2 blocks of one colour, trade in that direction. But this is too simple, you have to trade in the direction of the main trend, how you determine that, is your system.
It never gets easier, you just get better
  • #354
  • Edited Feb 23, 2012 11:16am Oct 5, 2009 5:53pm | Edited Feb 23, 2012 11:16am
- Fixed a small bug related to BoxOffset
- Auto adjust for 3 and 4 dec JPY pairs
- Changed back to old style Renko live brick formation
- Added change log

I have shared this with one some friends and on a private forum. Just thought it should be here too. Nothing very major changed really, more like a personalized version of v3.0.
  • #355
  • Oct 6, 2009 3:07am Oct 6, 2009 3:07am
Hello,
Thanks for your work.
Is it an EA?
  • #356
  • Oct 6, 2009 4:03am Oct 6, 2009 4:03am
Need Help!
I've started a new thread. I'm trying to find &/or further develop an existing ea to work much better on renko charts. And not closed to the idea of adding indis existing renko systems etc to improve upon pre-existing mechanical ones.
Please visit it here, & post your ideas &/or comments:
http://www.forexfactory.com/showthread.php?t=200152
  • #357
  • Oct 6, 2009 4:06am Oct 6, 2009 4:06am
Quoting LastViking
- Fixed a small bug related to BoxOffset
- Auto adjust for 3 and 4 dec JPY pairs
- Changed back to old style Renko live brick formation
- Added change log

I have shared this with one some friends and on a private forum. Just thought it should be here too. Nothing very major changed really, more like a personalized version of v3.0.
Great job LastViking!

Looking forward to forward testing it today.
  • #358
  • Oct 6, 2009 5:12am Oct 6, 2009 5:12am
Quoting don_choa
Hello,
Thanks for your work.
Is it an EA?
Yes.
  • #359
  • Oct 6, 2009 10:46am Oct 6, 2009 10:46am
Thanks LV
for the new version
I forgot..can some1 again explain me what was Box offset feature?
i tried searching a bit...didnt find...thought better ask!


Quoting Lou G
RenkoAM_v2.0 measures the elapsed time for each Renko block.
The user variable "Threshold" is used to filter the maximum time (in minutes) you wish to allow - anything longer will be limited to this number. I find it helpful to set Threshold to 30, add a maximum of 31 for the indicator window and add levels at 10 and 20 minutes but use whatever floats your boat.
I am testing AM indi..
i tried using Threshold as 300 bcoz i am using 20pip Renko bars EU... i see still many bars are stuck/same level as 300
then i used 600 as threshold... the following is what i see?
is it normal?
Attached Image (click to enlarge)
Click to Enlarge Name: renko.jpg Size: 183 KB
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #360
  • Oct 6, 2009 4:02pm Oct 6, 2009 4:02pm
Quoting forexsaint
I am testing AM indi..
i tried using Threshold as 300 bcoz i am using 20pip Renko bars EU... i see still many bars are stuck/same level as 300
then i used 600 as threshold... the following is what i see?
is it normal?
Attachment
You seem to be trying to make all the slow bars fit under the threshold - that's totally the opposite of what the indi is meant to do. The intent is to make the fast bars more obvious - fewer minutes for x pips = acceleration and momentum.

Short bars good - long bars bad...
Old Benjamin was right
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