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Renko Trading For Gamers (RTFG)

  • #121
  • Nov 10, 2009 12:13pm Nov 10, 2009 12:13pm
Quoting sam69
hi guys,

im new to this thread and i have just downloaded the version of XBweNX from post#4,can i trade it on normal TF like 5/15M?,i will demo it awhile,btw. what is the current version (and easiest for newbies like me)?

many thanks in advance!
Hi Sam,
I think I asked xB that same question & he answered it back in Lou's trading renko thread.
Here's a link to it if you haven't already read it yet.

http://www.forexfactory.com/showthread.php?t=199285
  • #122
  • Nov 10, 2009 2:53pm Nov 10, 2009 2:53pm
Quoting 45Fxguy
My post for the day.
Here's how the three PSARs look together on Renko.
Maybe another alien from starcraft?

PS:
Whenever you find the time Petar, can you test these other HA's on renko?
The one in this screen shot is the DM version.
You may find better settings for one of these than one that comes with your default mt4 version.
No problem my friend,i will test when i find some free time...

Now i wait two posible setups to take a trade... EURGBP and AUDUSD
"Buy on fear, sell on greed !!!
  • #123
  • Nov 11, 2009 2:35am Nov 11, 2009 2:35am
I had some obligations as well and couldn't fix that problem yet but I will try what you recommended 45. And thank you for the provided help.
  • #124
  • Nov 11, 2009 3:15am Nov 11, 2009 3:15am
hi,

thanks a lot for your reply,my problem is i have no idea what renko is,it is dificult to me to understand because im new to fx,i tried to demo it with 'normal' (jap.candles or heiken ashi) candles on 'normal TF's (like 5/15M),i have this channel (5lma) and macd and rsi,its too fast for me,price switches on both sides of the channel and rsi also,i have problems also to find the current price with heiken ashi,i was 'in' by first heiken ashi below channel (sell) and rsi under 45 line with macd bar under signal line,next candle rises above channel and rsi above 55 too,is there other filter/indi to identify the trend,i mean how can i trade it in such situation?
i would like to use this with japanese candlesticks on 5/15m TF,what would you suggest?

tank you again!
sorry for my english!
Money is made by sitting, not trading. Jesse L. Livermore
  • #125
  • Nov 11, 2009 6:35am Nov 11, 2009 6:35am
xB gives his settings for the regular candle stick trading in the other thread I already mentioned before. Those settings are not the same ones were using here on renko charts.
You should read up as much possible about renko before you start using it if you plan on using it. Renko is based on pure price movement, and not related to time or time charts. Renko just show the movement of price in the form of bricks, those brick sizes you can choose. Most seems to agree 10 and up are best. Try starting with 10, 15, 20, 25, to find the ones that best fits your trading style & method.


Quoting sam69
hi,

thanks a lot for your reply,my problem is i have no idea what renko is,it is dificult to me to understand because im new to fx,i tried to demo it with 'normal' (jap.candles or heiken ashi) candles on 'normal TF's (like 5/15M),i have this channel (5lma) and macd and rsi,its too fast for me,price switches on both sides of the channel and rsi also,i have problems also to find the current price with heiken ashi,i was 'in' by first heiken ashi below channel (sell) and rsi under 45 line with macd bar under signal line,next candle rises above channel...
  • #126
  • Nov 11, 2009 7:34am Nov 11, 2009 7:34am
Hello traders and gamers...


Game of the day is Super Street Fighter 4 ,i wait for that game...


Super Street Fighter IV
Publisher: Capcom
Platform: PlayStation 3, Xbox 360
Genre: Fighting
Origin: Japan, North America, Europe
Release: March 2010


Here are some new images of Capcom's Super Street Fighter IV for PS3 and Xbox 360, showing the return of the car and barrels breaking bonus stages.
Attached Image (click to enlarge)
Click to Enlarge Name: ssf45.jpg Size: 48 KB
"Buy on fear, sell on greed !!!
  • #127
  • Nov 11, 2009 7:44am Nov 11, 2009 7:44am
new call of duty modern warfare for xbox 360
  • #128
  • Nov 11, 2009 9:42am Nov 11, 2009 9:42am
hi 45fx,

i got it,i read the whole thread again and finally i got it this M2 chart,can i delete this M1-sheets?

thank you very much!
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-11-11_2335.png Size: 137 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #129
  • Nov 11, 2009 10:04am Nov 11, 2009 10:04am
Quoting sam69
hi 45fx,

i got it,i read the whole thread again and finally i got it this M2 chart,can i delete this M1-sheets?

thank you very much!
No you cant delete them,Renko Live Chart on that M1...


Guys i took EURJPY sell on live acc at price 134.72 TP 134.22 SL 135.22...

And also i wait EURUSD to take sell...
"Buy on fear, sell on greed !!!
  • #130
  • Nov 11, 2009 10:22am Nov 11, 2009 10:22am
Here is my two trades as like on my live acc... I hope TP will be reached ...
Attached Image (click to enlarge)
Click to Enlarge Name: 2position.gif Size: 39 KB
"Buy on fear, sell on greed !!!
  • #131
  • Nov 11, 2009 11:58am Nov 11, 2009 11:58am
Quoting Petar_Serbia
No you cant delete them,Renko Live Chart on that M1...


Guys i took EURJPY sell on live acc at price 134.72 TP 134.22 SL 135.22...

And also i wait EURUSD to take sell...
Think you might not supposed to post exact buy sell signals etc on ff.
& Maybe against ff rules, if I'm wrong someone please let me know one way or the other.
Maybe safer to save those for the RTFG skype im chat room, when your ready to open it.
BTW looks like you got into that one a little sooner than I.
  • #132
  • Nov 11, 2009 12:03pm Nov 11, 2009 12:03pm
Quoting sam69
hi 45fx,


i got it,i read the whole thread again and finally i got it this M2 chart,can i delete this M1-sheets?

thank you very much!
Hi Sam,
Petars right, you can't close those charts, the renko chart ea takes data ticks from them to update & keep current the offline renko charts.
You can however move them all to one side by left click hold the button down & drag it to either the right or left depending on which side you want the tab to be. That way you can group your charts a little more to your liking.
later,
45
  • #133
  • Nov 11, 2009 1:13pm Nov 11, 2009 1:13pm
Quoting 45Fxguy
Think you might not supposed to post exact buy sell signals etc on ff.
& Maybe against ff rules, if I'm wrong someone please let me know one way or the other.
Maybe safer to save those for the RTFG skype im chat room, when your ready to open it.
BTW looks like you got into that one a little sooner than I.
its ok for first time i posted ...

Hapy piping to all
"Buy on fear, sell on greed !!!
  • #134
  • Nov 11, 2009 9:07pm Nov 11, 2009 9:07pm
Quoting 45Fxguy
Hi Sam,
Petars right, you can't close those charts, the renko chart ea takes data ticks from them to update & keep current the offline renko charts.
You can however move them all to one side by left click hold the button down & drag it to either the right or left depending on which side you want the tab to be. That way you can group your charts a little more to your liking.
later,
45
hi 45fx,

sorry for the stupid question ,of course we need the renko live charts,its the heart of the system,one question (maybe its also stupid): can i plot pivot indi,do we need them or we can act according to the heiken ashi amd rsi movements?,i mean additional indi's are not nessesary.

thanks!
Money is made by sitting, not trading. Jesse L. Livermore
  • #135
  • Nov 11, 2009 10:15pm Nov 11, 2009 10:15pm
hi,

what means the additional marks on the rsi and macd indi's?,where can i found explanations about them?

thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-11-12_1210.png Size: 106 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #136
  • Nov 11, 2009 10:49pm Nov 11, 2009 10:49pm
Quoting sam69
hi,

what means the additional marks on the rsi and macd indi's?,where can i found explanations about them?

thanks!
ignore them. they serve no purpose i dont even know what they stand for. I picked this MACD color because it is only one i could find that did not mess up on renko
  • #137
  • Nov 12, 2009 1:16am Nov 12, 2009 1:16am
I don't use them as I am also a noob in this and the info provided on original xB setups is quite enough for me, but if someone can use this I am glad I could be of a little help:nerd:
Attached File(s)
File Type: doc MACD Colored Indicator.doc   81 KB | 768 downloads
  • #138
  • Edited 6:09am Nov 12, 2009 5:46am | Edited 6:09am
Quoting Dragokin
I don't use them as I am also a noob in this and the info provided on original xB setups is quite enough for me, but if someone can use this I am glad I could be of a little help:nerd:
Dragokin,
Looks like you attached it as a word doc file.
Can you attach the indi straight from your mt4 indicator folder with the mq4 file extension instead? Which is the original code file, the one that people trust the most since they can open it & see what's inside.
It should make life easier for those whom don't know how to compile an indicator from a text file.
You can edit your post within 24 hrs, go to the advanced edit settings within the edit post function of this forum & click on manage attachments to remove the old file & reattach the correct file to your same post above.
  • #139
  • Nov 12, 2009 6:07am Nov 12, 2009 6:07am
sam,
No apologizes necessary, no such thing as a stupid question here, especially if you've done your homework 1st. e.i. made an effort to find out whatever you could 1st by reading other threads etc...
I think Lou G.'s the expert using s/r & pivots with renko.
You should read his latest setup update & try his indi found here:
http://www.forexfactory.com/showpost...&postcount=494
Think he has taken out the pivots on his new one indi renko trading system.
If you follow the advice of Petar & xB they will probably say it's not needed.
It all depends on your trading style which may take you a while to find through trial & error & lots & lots of screen time & practice.
Try Lou's new s/r indi & see how you like it, if not you can always delete it, & re save your template again no harm done especially if you test any and everything new on demo forward test 1st & foremost. Think I'm going to test it for a while, looks very good so far, & doesn't really take up any extra chart space, so you can use is side-by-side any setup you want to. If I see price starting to bounce off one of his s/r lines & I'm already in profit I may decide to take any pips I already have & bail out of the trade.
If price breaks through these s/r lines it may mean a very long trend in the making so I would let the winners run & cut the losers short whichever the case may be.



Quoting sam69
hi 45fx,

sorry for the stupid question ,of course we need the renko live charts,its the heart of the system,one question (maybe its also stupid): can i plot pivot indi,do we need them or we can act according to the heiken ashi amd rsi movements?,i mean additional indi's are not nessesary.

thanks!
Attached File(s)
File Type: mq4 Renko_SR_v2.0.mq4   6 KB | 670 downloads
  • #140
  • Nov 12, 2009 10:40am Nov 12, 2009 10:40am
Quoting 45Fxguy
Dragokin,
Looks like you attached it as a word doc file.
Can you attach the indi straight from your mt4 indicator folder with the mq4 file extension instead?...

That is not the indi, that is really a DOC file that contains explanation what those letters mean on the Colored MACD. If you don't trust the file but you are still interested I can copy it in the post, it takes up about 2 pages in word. I just thought that this will be a simpler version. Or if it is not needed I can delete it completely. The attached file here is the indi on its own. I didint know what was needed as it came as one zip file so I uploaded it all.
Attached File(s)
File Type: ex4 MA in Color_wAppliedPrice.ex4   5 KB | 483 downloads
File Type: mq4 MA in Color_wAppliedPrice.mq4   5 KB | 540 downloads
File Type: ex4 MACD_Colored_v105.ex4   23 KB | 562 downloads
File Type: mq4 MACD_Colored_v105.mq4   20 KB | 581 downloads
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