Trading Renko | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price action trading with RENKO 190 replies

RENKO Trading SYSTEM - RENKO Indicators 7 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

Renko charts in the trading simulator 9 replies

Renko Trading Journal 28 replies

Attachments: Trading Renko
Exit Attachments

Trading Renko

  • #261
  • Oct 16, 2009 3:38am Oct 16, 2009 3:38am
Quoting Moxie
Hey xBweNx, Im not that good with MT4.. I have loaded all the indies and changed setings where needed, I cant get the 2 min chart up.. do I load the EA in the indicator file..? perhaps some one could talk me trew the steps to get the set up just right.. I dont want to be missing out on Pips....


Thank you

Moxie

P.s maybe the 5 min chart would work as well..?
check out this link
http://www.forexfactory.com/showpost...06&postcount=1

it explains how
  • #262
  • Oct 16, 2009 3:43am Oct 16, 2009 3:43am
Thanks xBweNx.. Ill check it out now... was cursing myself there for been a dummy..

Moxie.
  • #263
  • Oct 16, 2009 3:44am Oct 16, 2009 3:44am
today just one of though dead days...only 3 entry all on GU worth 120 pips though. hoping for another 200+ day but i feeling tired and im happy with what i got. Check out EUR/GBP though you may consider a long. Also EUR/USD could break out look like it getting out of range
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 27 KB
  • #264
  • Oct 16, 2009 3:45am Oct 16, 2009 3:45am
Quoting Moxie
Thanks xBweNx.. Ill check it out now... was cursing myself there for been a dummy..

Moxie.
no worries renko different from regular trading. Just make sure you are one the 1minute time frame when you apply the EA to the chart
  • #265
  • Oct 16, 2009 3:54am Oct 16, 2009 3:54am
Hey guys got the face up now thanks... but the message says open off line..? SORRY for this we shoould be talking about trading not this ..

Thanks moxie
Attached Image (click to enlarge)
Click to Enlarge Name: 15.gif Size: 24 KB
  • #266
  • Oct 16, 2009 4:11am Oct 16, 2009 4:11am
Moxie - leave the M1 chart running. Go to File/open offline/select GBPUSD M2 and you should have the chart you want.

xB - had 2 good trades and one loss on GBPUSD and am well in front. Many thanks.
  • #267
  • Oct 16, 2009 5:07am Oct 16, 2009 5:07am
It seems good but I have one doubt whether it will perform like that in future as well?

Thanks
  • #268
  • Oct 16, 2009 5:19am Oct 16, 2009 5:19am
Anybody has or can code a MA in color with Applied price that has an alert on color change?

I don't want to spend my life watching at the screen

Thanks
  • #269
  • Oct 16, 2009 5:42am Oct 16, 2009 5:42am
Quoting xBweNx
today just one of though dead days...only 3 entry all on GU worth 120 pips though. hoping for another 200+ day but i feeling tired and im happy with what i got. Check out EUR/GBP though you may consider a long. Also EUR/USD could break out look like it getting out of range

The only problem I see with this is that we have been in a trending period in the market for the last few months. If we enter a ranging market, the results could be different.

We should do a massive backtest on the system.
  • #270
  • Oct 16, 2009 6:09am Oct 16, 2009 6:09am
Quoting Ferrari
We should do a massive backtest on the system.
What rules? If you want to backtest entering on a break of a pivot and stay in no matter what till the next pivot then you might get accurate results using historical pivots.

But if for example you decide to exit a trade if an HA bar changes colour from a bullish to a bearish, backtesting won't work because historical charts will show the final colour on a closed bar. While you are trading the bar may change several times as it is forming which may affect your decision to close a trade. This is where backtesting falls down.
  • #271
  • Oct 16, 2009 8:14am Oct 16, 2009 8:14am
Hi XBweNx;

For your entries and exits your wait for the bar close ?

Thnaks.
  • #272
  • Oct 16, 2009 8:52am Oct 16, 2009 8:52am
Hey xB.. can I manualy run the system with out the renko EA.. would 15 min time frame be good, or whats your thoughts..

Rebel..
  • #273
  • Oct 16, 2009 10:08am Oct 16, 2009 10:08am
Quoting Ferrari
The only problem I see with this is that we have been in a trending period in the market for the last few months. If we enter a ranging market, the results could be different.

We should do a massive backtest on the system.
Why? Is there any system that works on a ranging market?
  • #274
  • Oct 16, 2009 11:39am Oct 16, 2009 11:39am
Quoting Ferrari
The only problem I see with this is that we have been in a trending period in the market for the last few months. If we enter a ranging market, the results could be different.

We should do a massive backtest on the system.

One could make the argument that the market is mostly trending. If the 40 pip box chart is ranging, drop down to 35 or 30 or 25 till you see a trend. I hope you get the picture. If the 5 pip box is moving sideways go on a vacation for a week or two. It will change.
  • #275
  • Oct 16, 2009 11:50am Oct 16, 2009 11:50am
Entered EU sell. expect it to go to 1.4832. Got a trailing stop and and SL in place. Now wait and see
Attached Image (click to enlarge)
Click to Enlarge Name: eu m2.gif Size: 47 KB
  • #276
  • Oct 16, 2009 12:13pm Oct 16, 2009 12:13pm
UJ possiable short comming up.
Attached Image (click to enlarge)
Click to Enlarge Name: eu m2.gif Size: 46 KB
  • #277
  • Oct 16, 2009 1:37pm Oct 16, 2009 1:37pm
Quoting Ferrari
The only problem I see with this is that we have been in a trending period in the market for the last few months. If we enter a ranging market, the results could be different.

We should do a massive backtest on the system.
i been trading this for a few months and it has not let me down. As far as not working in the future i dont see that happening. There is always economic change from country to country and currency to currency sure they may range for little while but sooner or later there will be a small trend or big trend in the market. usually every other day or at least once a week. there days i dont make trade on one pair. however GU been trending really good lately and net me well over 600+ pip this week i bet. Maybe im wrong but until that day comes to me trend is your friend.
  • #278
  • Oct 16, 2009 1:43pm Oct 16, 2009 1:43pm
glad i quit last night when i did also. The market on the 4 pair i trade for sure did not seem to be waking up. It probably would have been a negative day. down a 100pip usually when i call quits. Yet -100 pip day once in a week is nothing

600 - 100 = 500 pip net week

still not a bad weekly income. I dont have negative day very often maybe 3x-4x months and not always 100 pips usually less.
  • #279
  • Oct 16, 2009 1:45pm Oct 16, 2009 1:45pm
Quoting Nagpada
UJ possiable short comming up.
how good is that renko am?
  • #280
  • Oct 16, 2009 1:47pm Oct 16, 2009 1:47pm
Quoting rebelheart
Hey xB.. can I manualy run the system with out the renko EA.. would 15 min time frame be good, or whats your thoughts..

Rebel..
i think you could trade it on min15,30 or something. It is a basic system that can be used with any pair and any time frame probably 5min and above. It all the indicator you need IMO. If you add more it only says the same thing and will just delay or make you analyze more. you may need to change up the RSI not sure.
3 traders viewing now