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Trading Renko

  • #181
  • Oct 14, 2009 9:51am Oct 14, 2009 9:51am
This is how they look together, kind of a nice bird's eye view of the market.
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 38.gif Size: 96 KB
  • #182
  • Oct 14, 2009 11:45am Oct 14, 2009 11:45am
Quoting Lou G
If you are using the free Renko written by LastViking, please upgrade to the latest version (attached) so we are all on the same page...
i was looking at the script vs the EA and could not see much difference. Can someone clarify any differences between the two?
  • #183
  • Oct 14, 2009 11:55am Oct 14, 2009 11:55am
also like to show what I been working with since Nitro came out. I been getting easily 100-200pip a day depending when i decided to sleep. though the set up i use can net a lot more in a given day with multiple pairs.

been trading it with eur/usd. gbp/usd. eur/gbp. eur/jpy. I tested it with few other pairs and all seem to work fine but until i get a multiple monitor setup i only like to manage 4 pairs.
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  • #184
  • Oct 14, 2009 12:08pm Oct 14, 2009 12:08pm
Quoting xBweNx
i was looking at the script vs the EA and could not see much difference. Can someone clarify any differences between the two?
There is no RLC_3.1 script but if there were there would not be much difference - the script would contain an endless loop (without which it would stop running after a single pass through the code as scripts are intended to do). Scripts need to be manually restarted each time mt4 is run.

The EA will continue to run as long as mt4 is active. It will start automatically when mt4 starts.
Old Benjamin was right
  • #185
  • Oct 14, 2009 12:13pm Oct 14, 2009 12:13pm
here GU. I use default Ashi instead of blocks. and MACD is hopefully understood how to use.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 24 KB
  • #186
  • Oct 14, 2009 12:16pm Oct 14, 2009 12:16pm
Quoting Lou G
There is no RLC_3.1 script but if there were there would not be much difference - the script would contain an endless loop (without which it would stop running after a single pass through the code as scripts are intended to do). Scripts need to be manually restarted each time mt4 is run.

The EA will continue to run as long as mt4 is active. It will start automatically when mt4 starts.

i will try the EA and see how it does. i get tired of reloading the script every time thanks Lou!
  • #187
  • Oct 14, 2009 12:22pm Oct 14, 2009 12:22pm
so much to share . here are the only 2 indicators you need that are not on MT4. I like to keep it simple 2 indicator on top 2 on bottom that is it! if you got any question let me know! oh yeah i use 10pip bricks for all pair. 5 has to many fake out
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 23 KB
Attached File(s)
File Type: ex4 MA in Color_wAppliedPrice.ex4   5 KB | 726 downloads
File Type: mq4 MA in Color_wAppliedPrice.mq4   5 KB | 884 downloads
File Type: ex4 MACD_Colored_v105.ex4   23 KB | 820 downloads
File Type: mq4 MACD_Colored_v105.mq4   20 KB | 969 downloads
  • #188
  • Oct 14, 2009 1:03pm Oct 14, 2009 1:03pm
Hi xBweNx

Thanks for sharing your setup.

Could you tell us what period you are using for the colored MA?

Thanks in advance.
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
  • #189
  • Oct 14, 2009 1:05pm Oct 14, 2009 1:05pm
Quoting xBweNx
so much to share . here are the only 2 indicators you need that are not on MT4. I like to keep it simple 2 indicator on top 2 on bottom that is it! if you got any question let me know! oh yeah i use 10pip bricks for all pair. 5 has to many fake out
Interesting setup, thanks for sharing, template too?

Do usually just trade the longer trends, or do you take those smaller dips too?

Which HA indi gives you the doji stars?
Very smart!
I probably already have them too, but hadn't really noticed them before you mentioned it.
Guess that's why you use black for them instead of red so they stand out more on your background color.
  • #190
  • Oct 14, 2009 1:07pm Oct 14, 2009 1:07pm
Quoting profi4554
Hi xBweNx

Thanks for sharing your setup.

Could you tell us what period you are using for the colored MA?

Thanks in advance.
MA is 12/3/6 (should be default)
MACD 12/26/9 (default for MT4...i think)

i tested some other setting out but i find these best but i am only 1 person testing infinite about of setting if anyone see something better let me know
  • #191
  • Oct 14, 2009 1:08pm Oct 14, 2009 1:08pm
Quoting 45Fxguy
Interesting, thanks for sharing, template too?
will do!
Attached File(s)
File Type: tpl renko.tpl   467 KB | 849 downloads
  • #192
  • Oct 14, 2009 1:18pm Oct 14, 2009 1:18pm
Quoting 45Fxguy

Do usually just trade the longer trends, or do you take those smaller dips too?

Which HA indi gives you the doji stars?
Very smart!
I probably already have them too, but hadn't really noticed them before you mentioned it.
i trade all trends and signal that i see fit and look at the size of heiken ashi. im still developing it though i do trade it live with great results. if i take a smaller dip than i see it start to reverse i exit quickly usually because it going to range and i can watch it and avoid.

I use the default Heiken ashi that came with MT4 default setting. This where i get doji from. when i first notice this when nitro started i knew it could progress farther. I may be to pt where I dont need anything else but to develop more rules and avoid fakeouts. This is by far the easiest system i used so far that can manage multiple pair without having to draw TL and SnR non stop.

ill upload the HA just for safety
Attached File(s)
File Type: ex4 Heiken Ashi.ex4   3 KB | 580 downloads
File Type: mq4 Heiken Ashi.mq4   4 KB | 657 downloads
  • #193
  • Edited 2:40pm Oct 14, 2009 1:21pm | Edited 2:40pm
Great, I'll save you name with it so I remember who provided it.
  • #194
  • Edited 3:15pm Oct 14, 2009 2:19pm | Edited 3:15pm
Attached is an interesting artical. Any thoughts on whether this could be implimented in MT4, as part of a renko chart bar.
Attached File(s)
File Type: pdf tradeflow an artical on identifying volume.pdf   75 KB | 1,072 downloads
  • #195
  • Oct 14, 2009 2:22pm Oct 14, 2009 2:22pm
Quoting Lou G
If you are using the free Renko written by LastViking, please upgrade to the latest version (attached) so we are all on the same page...
I thought V3 is a EA and V2 is an indicator ?
  • #196
  • Oct 14, 2009 2:35pm Oct 14, 2009 2:35pm
Quoting xBweNx
here GU. I use default Ashi instead of blocks. and MACD is hopefully understood how to use.
I am a bit confused. Are you using Renko or HA ? Please clarify. Thanks.
  • #197
  • Oct 14, 2009 2:39pm Oct 14, 2009 2:39pm
Quoting Nagpada
I am a bit confused. Are you using Renko or HA ? Please clarify. Thanks.
Think he's is using both.
HA on Renko 10 pip bricks.
  • #198
  • Edited 3:29pm Oct 14, 2009 3:11pm | Edited 3:29pm
Quoting 45Fxguy
Think he's is using both.
HA on Renko 10 pip bricks.
Hummm. Thats what I mean by confused. What is HA over renko. What is it's benifit. Looks like just HA bars on the charts
  • #199
  • Oct 14, 2009 3:42pm Oct 14, 2009 3:42pm
Quoting Nagpada
Hummm. Thats what I mean by confused. What is HA over renko. What is it's benifit. Looks like just HA bars on the charts
Had that question before too, first time I seen ha on renko charts was when Syahmi introduced it pretty early on after nitro was first introduced in original c4 thread, guess I still do. Wondering if he has the wicks turned on for the doji star's to work in ha?
Maybe that's the main reason for using it, but not 100% sure.
Hopefully xBweNx will come back & explain, sounds like he has been using it for a while now.
  • #200
  • Oct 14, 2009 3:51pm Oct 14, 2009 3:51pm
Quoting Nagpada
Attached is an interesting artical. Any thoughts on whether this could be implimented in MT4, as part of a renko chart bar.
Good article, but I think there is problem with volume, cause it's your broker volume not the global market one.
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