Renko Trading For Gamers (RTFG)

First of all, a big greeting to all the people on this forum !!!


And now I have to thank all the people who have invested effort, time, working around Renko and developing it > EllisEdi, LastViking, Lou G.,45FxGuy, xBweNx and many others (Thanks guys)

I'm Petar and I decided to open this topic with 45FxGuy to make a Forex easier.I am just Renko tester and exp. Trader,and I think that Renko the best method for Psyche. There are a lot traders who lost a lot of nerves and health for every pip up or down ! Why ?
People understand a lot of Forex seriously even realize it's more like it's the only thing in life, that is totally wrong.
Each job in the world is easier if you enjoy it and trying to understand it as one game. That is why I opened this topic.The name od the thread is Renko Trading for Gamers,yea you read it good .I strive to combine as many games and trade that conveyed the spirit of play on Forex.
There are a lot of similarities with the games and trades.I prefer to play Starcraft and if I compare Forex with Games,there is no difference.First if you play casual Starcraft you don’t need to pay for tournament as like Forex (demo).If you decide to begin to earn some money you can pay for tournament and try to win as like Forex (try to take pips).
Second, in the game you can not always win, you get someone who plays better then you and
deafet you.

Message number two is : If you want to get to the end of the game you must have continuity wins.

In the Starcraft you can applied many strategy to win (rush,air combat ect) but only those strategies that train brings valuable positive outcome as like Forex.Forex has a lot of strategies but only strategy wich you practice,practice and practice you can bring success.

Message number three is : Try to focus on one strategy and just practice,practice,practice.When you have continuity positive results you are good gamers

The same strategy can be applied in countless ways (Remember that).This I said because everyone looking at different things.

Message number four : Each trader has their own personality, their own personal schedule, their own appetite for risk, their own pain threshold and their own bankroll.Find your personality.

The message of all messages is PROFIT+FUN=LIFE

Also we founded RTFG team to help others gamers and traders and to make Forex much easier...

Now Team looks > 45Fxguy,Xbenx,Petar_Serbia

Everyone who wants to be on team PM me

Xnbenx will explain his good method also 45Fxguy will eplain his method and everyone who thing that have cool and good system with Renko fell free to explain …We are big family

I,45Fxguy,Xbnex and other Renko traders will help others and post trades and possible trades how much time we allow.

HIGH AND LOW PRINCIP (i called Pandora s Box)

PANDORA S BOX Scalping Method

My method is based on Box princip (High and Low on Renko),i use stucture from Xbenx s method and i added Delta and i draw always High and Low (looks like box).I tested 2 months with very good results i know that is not enough for for full test but guys you will help me to test more...The best thing about this method is that you can see good when is market raining (flat) and also good thing about this method is that you can trade with RRR 1:1,1:2 or more i will explain also type of TP...

Now about how to identify high and low...Very simple,at the end of each trend
you must have high or low...I f we have buy trend,we waiting to see finished Renko candle in baby bolinger band(2 white averages),you will see in picutre at end of post.When you see Black renko bar closed in Baby bolinger you know previouse bar is high.Next you must to do is to wait for Low second part of Box...In 95 % cases,price never go instantly,price make corection and corection and corection to begin with good trend,that is why i think this princip i very useful and very powerful. Remember we must have High and Low to open any trade.For low we waiting same as like for buy (different way),we now wait for black candle below bolinger and waiting to finish one blue candle at Bolinger.Now we have our Box (High and Low) and just wait to be broken...But you must undestand, we must have fuly broke,that mean one closed candle with the mass above high or below low ,dont open trade if you see just pin to broke high or low (Very important).Also sometimes you will see second low or high but that is ok,usualy you can took 15,20 pips to second low or high...Trade must be confirmed from MACD and Delta.For Delta we must have Red line above Blue for Buy and oposite to sell...For MACD we must have closed red bar Below White Average for sell and oposite for buy also Green RSI must be above 55 for Buy and below 45 for Sell,but that always confirmed when you see broke....

About SL > You can trade as you like and you can have your own apitete for risk but i trade about 30-40 pips SL.You also can put SL on Half Box or you can put if you open at low,you can put on high and oposite,but its up to you..

About TP > I use Fix 1:1 RRR or 1:2 when i not at home but if i can falow trade i use macd for exit...

This is still test phase,all your sugestion and opinions are welcome...Everybody who plan to falow this Pandora s box sisytem feel free to post charts,trade etc .

IMPORTANT

Dont trade on live acc if you didnt practice 1,2 months with good results...My advice.

I tested on two pairs EURJPY and GBPUSD,everybody can test on others pairs...

I will post some example and also i will post ZIP file with all indis,template and explanation how to open M2 chart...

All indis and explanation for M2 chart > http://www.forexfactory.com/showpost...&postcount=237

LONG TERM METHOD i called POBEDA (Serbian lang.)

POBEDA METHOD >

POBEDA is very simple long term strategy wich i use to identify good trends and also use to catch very good pips.In my strategy i use 3 EMA`S 50 High,50 Low and very important 15.You must trade just in the direction of trend.Use 15 EMA to know wich is trend if you dont see lol.If EMA 15 is below both 50 EMAS you looking just for Sell opotunity,if EMA 15 is above you looking just for buy opotunity.You must wait three red or green candles in a row closed with no weak to take any POSITION ! Very important.Minimum one of 3 candles must be below 15 ema to sell or above to buy.,For re-enter trade with a trend we must have 2 candle closed with no weaknes in oposite direction and then 3 candle in a row...

About TP and SL > I use 100 TP or 80 TP and Sl 70-100,ofcorse you can falow your trade to catch big trends for 250-300 pips.My advice always when you see 60 pipips or more plus put SL on BE and wait for your TP.I must improve TP and SL yet but you can help me to test that...

I will upload some charts to see when i take a trade....

Examples of this method you can find here http://www.forexfactory.com/showpost...&postcount=497
http://www.forexfactory.com/showpost...&postcount=498

TRADERS AND GAMERS YOU ARE WELCOME !!!

LET THE GAME BEGIN !!!!!




TRADERS AND GAMERS YOU ARE WELCOME

NEW PANDORAS BOX V2

http://www.forexfactory.com/showpost...postcount=1270
http://www.forexfactory.com/showpost...postcount=1272

ok, peter can u explain ur method to all of us

Will provide details later, but this may help you get started.
Pretty much color coded trading...

http://www.forexfactory.com/showpost...&postcount=239

is my system

yes, colorful tpl is great but a bit confused to many diff color arrow up and down. will the arrows give wrong signal to buy/sell?

Morning traders and gamers


Today i woke up later and i find one posbile trade on GBPUSD


Posible zerg rush i must go now and i put TP 30 SL 30


One information for gamers >

Here are the latest Famitsu Most Wanted Console Games in Japan:

Final Fantasy XIII (PS3, Square Enix)
Dragon Quest VI: Realms of Reverie (NDS, Square Enix)
Dragon Quest X (Wii, Square Enix)
Ninokuni: The Another World (NDS, Level 5)
Persona 3 Portable (PSP, Atlus)
Final Fantasy Versus XIII (PS3, Square Enix)
Sengoku Musou 3 (Wii, Koei)
Bayonetta (PS3, Sega)
End of Eternity [Resonance of Fate] (PS3, Sega)
Final Fantasy XIV (PS3, Square Enix)



Cheers

Hi Petar
I have been emailing 45Fxguy about some of his ideas and I think that combining the ideas of the team in one thread with the right attitude could be very interesting. Having said that, I have looked at the template and there is a lot going on. I wonder if it is all necessary - are all of the arrows and lines telling us something different or is it more of the same in different forms. Perhaps some explanation about the indis being used would be very helpful - we could then decide to leave them in or perhaps delete some of them.

One of the problems I have in using arrows as signals is determining when to take action as a result of the arrow. It is usually best to wait until a new brick starts before pressing the 'go' button. With normal candles, you know exactly when the new candle will start so if an arrow appears during its formation, action can be taken on the close of the candle. With Renko, it is not known when the brick will be complete. An arrow might appear while the brick is being formed, but until the brick is finished, the arrow is subject to disappearing or certainly can be there for a long time and this can be frustrating if you are waiting for the new brick to take the trade.

The alert on the opening of a new brick is a useful aid. But an EA or script could save a lot of waiting with total concentration for the new brick to start and the trade to be entered. Perhaps some programmer might see this as a challenge. Someone may have thoughts about this.

I will follow the thread with interest and offer my 2c worth where possible. Good luck team.
Karl

Welcome to the gamefun city !!!

I did include a couple of signal arrows, not that many are probably really necessary, but will let the RTFG team decide which one is best & how best to use.
Think the nitro mom indi looks like a very good scalper's exit signal on a lot of renko charts I've looked at so far, will probably keep it on my charts a while.
Mainly was looking for one to give a very early alert for potential good trade setups ahead, & think the ema cross 1 or 2 x 25 seems to give that.
Have been working on my other old pc to give myself an extra screen & to forward or back test as well as play online games on, so really haven't gotten around to testing those ideas very much yet. But think xB's aspect of it has been around & forward tested a while now so that part at least should be pretty sound.
I had also thought about using all three as one signal, when the emax, rsix, & nitro mom indi arrows come within three to four bars or less of one another. Maybe a perfect setup would be if all three were to come within two bars of each other, & ha, macd, vsa diamonds are all in agreement on the Terran Scout template, but you can also use the snake & candle color indis etc if you want to trade the shorter term trends with the longer ones.
The VSA indi is the most experimental part being I don't think it has ever been used on renko charts before. After watching it a while seems to act a lot like a BB macd. If the diamonds are spreading apart, and on other side of the 12 LWMA it may be a good indication that the current trend is picking up speed & momentum. But that seems to usually happen some time after the signal arrows appear. I'm not an expert on volume spread analysis, but have been a long time subscriber to the thread, which you can find here, & is where the vsa diamond indi came from.
http://www.forexfactory.com/showthread.php?t=157629
Which is a 5 star thread by the way.
PS:
If you've been away from your pc awhile & the VSA diamonds appear too far off the blocks just reload your template again.

Very nice idea, I am a gamer my self although my choice of game is WoW but as long it is from Blizzard I know I cant go wrong .

Also I wanted to ask you all will you totally transfer to this tread from the previous one or will you post in both? Just so I know where to follow thihs strategy.

MMORPG easiest games to play while trading gotta love it . WoW is always fun as long as you in PvP as for me i post in both.

But of course in PvP, PvE servers sucks and they are very boring.

OK, thanks for the info, I will follow both treads then.

red line where to took the trade. Watch out for range market and your S&R. Bricks are clearing breaking outside White MAs. did suffer one lost from GU it was B/E so not really negative but just to show

Hehe Yea WOW is also good to combaine with Forex ...

Now i back back to work and try to improve renko princip ... Seya later

Heh just add new position on eurjpy , posible zergrush and fast pips...


I am going for 15 pips becouse i late in this trade for 10-15 pips

When i finish this trade i must play some games heh


Cheers

look like we on same page there Petar. i enter at 134.16 and got me nice 40pip

Most of you guys/gals are probably luck your not old enough to remember this one.



But it had to start somewhere.

haha this is real Zerg rush for me eurjpy sell even i late i took 19 pips for 2 minutes !! Now i will be 55 + and still goes down !!

This is boring lets play some games Final Fantasy,Zelda ect

Finally got my older 2nd pc back to life, now can start to focus on trading again.

Petar, were starting the indi envy phase early, can you post that delta indi, looks interesting? You should know by now i'm an indi-aholic.

EU was also giving some crazy PA