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Trading Renko

  • #281
  • Oct 16, 2009 11:50am Oct 16, 2009 11:50am
Quoting chaveznqoos
Hi XBweNx;

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

Thnaks.
depend on how fast PA is moving i would say 50/50. if bar forming every 5min i enter than. if bar forming every hour i wait
  • #282
  • Oct 16, 2009 11:55am Oct 16, 2009 11:55am
Quoting xBweNx
how good is that renko am?

I don't use it to make trading decision does not offer too much information. Would be better if it showed buy and sell pressure per bar or maybe time per bar fomation.
  • #283
  • Oct 16, 2009 2:26pm Oct 16, 2009 2:26pm
I am in the process of redoing my charts, going from V 2.1 to V 3.2 EA as you suggested. I am encountering the following problem.

After attaching the EA to a 1M live chart I modify the inputs to
box size --- 5
renkotime frame --- 6 ( renaming of chart )
click--- ok

1. At this point the live chart should indicate which offline chart to open. It does not do so. It does this on the V2.1 ( indicator ).
2. File --> open offline should show me a M6 chart to open. It does not. On V 2.1 it will show me the renamed chart to open.

Any thoughts of any steps that I am missing out.

Thanks for your help. Hopefully I wll get all this setup this weekend and ready for Monday trading with all the new indicators and setups that have been posted here over the past few days. Thanks again.
  • #284
  • Oct 16, 2009 11:09pm Oct 16, 2009 11:09pm
Quoting Nagpada

Any thoughts of any steps that I am missing out.
Probably setting StrangeSymbolName to True should solve your problem.
Atleast it helped me when using many charts..
"Put all your efforts in becoming effortless"
  • #285
  • Oct 16, 2009 11:09pm Oct 16, 2009 11:09pm
It will only work in a live market, not on weekends (I think .)

Quoting Nagpada
I am in the process of redoing my charts, going from V 2.1 to V 3.2 EA as you suggested. I am encountering the following problem.

After attaching the EA to a 1M live chart I modify the inputs to
box size --- 5
renkotime frame --- 6 ( renaming of chart )
click--- ok

1. At this point the live chart should indicate which offline chart to open. It does not do so. It does this on the V2.1 ( indicator ).
2. File --> open offline should show me a M6 chart to open. It does not. On V 2.1 it will show me the renamed chart to open.

Any thoughts of any...
  • #286
  • Oct 16, 2009 11:38pm Oct 16, 2009 11:38pm
IamTHAT,
Some brokers use additional symbols with their pairs. Strangesymbolnames applies to that.

Ferrari,
Maybe it is the weekend thing but it at least should draw the chart using data in history ? Enabling tails is one of the primary reasons for my trying to use the EA. The indicator V2.1 caused me no problems.
  • #287
  • Oct 17, 2009 12:03am Oct 17, 2009 12:03am
Quoting Nagpada
Ferrari,
Maybe it is the weekend thing but it at least should draw the chart using data in history ? Enabling tails is one of the primary reasons for my trying to use the EA. The indicator V2.1 caused me no problems.
I tried now loading a chart in the way you mentioned and it did not work. So this EA requires market to be open..
"Put all your efforts in becoming effortless"
  • #288
  • Oct 17, 2009 12:26am Oct 17, 2009 12:26am
Quoting IamTHAT
I tried now loading a chart in the way you mentioned and it did not work. So this EA requires market to be open..
Thanks for your effort. What a drag. I wish lou had added tails to the indicator. Indicators work on the weekends which are a good time to do some research.
  • #289
  • Oct 17, 2009 3:14am Oct 17, 2009 3:14am
Quoting SlushFund
I you want a greater understanding of HA as used in the synergy method, here's a doc.
Thanks for posting SlushFund, it does help.
  • #290
  • Edited 4:09am Oct 17, 2009 3:52am | Edited 4:09am
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
Hey xBweNx,
Was wondering if you've tired your setup on regular candle sticks, & if so what time frame/s. Trying to perfect pulling the trigger with your setup, reading back over your instructions etc, seems to be working out pretty good so far on 15 min chart in a back test simulator that I practice with on the weekends. What would you recommend?
I'm going for 1:1 30TP, 30SL, & I try to practice on a day & pair that I've never traded on before, but usually one that I plan to trade on the next live market open day.
MultiBoxRenko indi seems to work in back tester, so have it on my chart too, to kind of know what would be happening if it was really a renko chart. ( as of right now MultiBoxRenko indi is on page 2 under the paper clip, someone already uploaded it)
I think adding synergy to your method was a good idea as well.
Didn't seem to take you long to decide on it, exactly what made up your mind?
What do the abbreviations on the macd that you use mean, "RB, TC, etc"?
& do you ever use the +/- numbers that it displays?

PS: I like to practice in a trading simulator, the only problem with it is that it can remove the patience factor in trading, a biggie, since you can speed up or slow down time with it you don't have to wait as long for good setups, just fast forward though ranging periods etc. The obvious advantage, is you can practice a whole week in a day if you want to. However if you set it to 5 it will make a 5 min candle last about 3.5 mins.
I might post some back test charts this weekend after I've gotten a little more experience with your system.
  • #291
  • Oct 17, 2009 6:26am Oct 17, 2009 6:26am
Quoting 45Fxguy
Hey xBweNx,
Was wondering if you've tired your setup on regular candle sticks, & if so what time frame/s. Trying to perfect pulling the trigger with your setup, reading back over your instructions etc, seems to be working out pretty good so far on 15 min chart in a back test simulator that I practice with on the weekends. What would you recommend?
I'm going for 1:1 30TP, 30SL, & I try to practice on a day & pair that I've never traded on before, but usually one that I plan to trade on the next live market open day.
MultiBoxRenko indi seems to work...

Yeh man sims are awesome huh? You can see really quickly if there is an edge or not. All the patience and disipline in the world won't save you if you don't have an edge.
  • #292
  • Oct 17, 2009 7:57am Oct 17, 2009 7:57am
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...
Lou,
I want to be clear. Can this version 3.1 be used as an EA or as an Indicator or can it be used as either? Thanks!
  • #293
  • Oct 17, 2009 8:02am Oct 17, 2009 8:02am
Quoting Ferrari
Yeh man sims are awesome huh? You can see really quickly if there is an edge or not. All the patience and disipline in the world won't save you if you don't have an edge.
Yeh simply awesome .
Which one do you like to use?
  • #294
  • Oct 17, 2009 8:07am Oct 17, 2009 8:07am
Quoting 45Fxguy
Yeh simply awesome .
Which one do you like to use?
lfh trading sim 3.
  • #295
  • Oct 17, 2009 9:54am Oct 17, 2009 9:54am
Quoting Ferrari
lfh trading sim 3.
I like how you double click the buy/sell stops etc, & drag them to where ever you want.

Think there are some others posted on http://www.mql4.com/ but that's the only one I've tried so far, which seems to do just about everything I want/need.
It doesn't let you hedge, but think hedging can be a bad habit to get into.
Unless you really know what your doing....
  • #296
  • Oct 17, 2009 11:33am Oct 17, 2009 11:33am
Quoting 45Fxguy
Hey xBweNx,
Was wondering if you've tired your setup on regular candle sticks, & if so what time frame/s....
Picture is how i use to trade min5 or 15. Im a trend trader and this has proven to be profitable but renko making me more. I have not traded renko setup on regular candle stick. I rather stick with renko because it has a lot cleaner look to it. Im not sure how well a RSI(10) would work also on regular timeframe. I would try setting around 12-14

Adding synergy MA to me was not bad idea because now i use 3 MA with i still consider 1 indicator as they both serve the same general purpose. The High/Low MA does help elimate though early and false entry in renko also.

As far as MACD goes i dont know what the abbreviation and stuff means. This was the best MACD with color that i could find that did not glitch out with renko. I dont use anything on the MACD but the color of the bars and MA.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
  • #297
  • Oct 17, 2009 8:44pm Oct 17, 2009 8:44pm
Where I could find and download LFH Trading Sim 3?

I still use LFH Trading Sim 2.0, it is a great tool to manually test trading stategy.


Could anyone please tell me, how to use RenkoLiveChart_v3.2.mq4 EA on LFH Trading Sim?

I tried to attach RenkoLiveChart_v3.2 EA on LFH Trading Sim M1 chart but the M2 offline chart doesn't update.

Please if anyone know how to displaying Renko chart on LFH Trading Sim.
  • #298
  • Oct 17, 2009 10:04pm Oct 17, 2009 10:04pm
When you have a moment could you please post a couple of charts for comparison purpurses. One HA on renko without tails and one HA on Renko with tail. I would like to see how different they are.

I have been trying to redo my charts this weekend with the 3.2 EA renko and all the indicators that you have posted but have not succeded. Aparently the EA does not work when the market is closed. But the EA is the only one with tails.

I do a lot of my analysis of failed trades over the weekend, so it would appear that the EA would be of no use to me. But it would depend on how much I would be missing in the picture. You are the only one who has used it both ways. Did you encounter much difference and did it affect your trading much.

If there is not a trading handicap then I will stick to V 2.2 which is an indicator and makes greater sense to me with the ability to use it over weekends when the markets are closed.

I thank you for your help and for all your very enlightening postings.
  • #299
  • Oct 18, 2009 2:05am Oct 18, 2009 2:05am
Hello folks

First thank you for this theard.I hope that we will be a lot more.I trade long on Forex but i dont know a lot about Renko trading and this will be very helpful.

i am in

To xBweNx

I realy like your M2 method becouse is simple.I will tested in next couple of week (good work)

Cheers

Petar (Serbia Team)
"Buy on fear, sell on greed !!!
  • #300
  • Oct 18, 2009 9:16am Oct 18, 2009 9:16am
Quoting cuddlebum
Lou,
I want to be clear. Can this version 3.1 be used as an EA or as an Indicator or can it be used as either? Thanks!
EA only.
Old Benjamin was right
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