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Trading Renko

  • #481
  • Nov 4, 2009 12:50pm Nov 4, 2009 12:50pm
Watching this puppy for a short.. it's went a long way due a pull back.
Attached Image (click to enlarge)
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  • #482
  • Nov 4, 2009 3:00pm Nov 4, 2009 3:00pm
Hello 45FXGuy,

Can you show me how I can obtain the "SwingMan Vorticity (8) i" indicator you have on the chart in post #397?

Thank you.

=)
  • #483
  • Nov 4, 2009 5:05pm Nov 4, 2009 5:05pm
For some reason, I cannot get the LJ Synergy ID and the LJ Sig indicators to work in my MT4 platform. Anyone else have this problem who may be able to help me?

Thank you.
  • #484
  • Nov 5, 2009 3:53am Nov 5, 2009 3:53am
Quoting jicssbr
For some reason, I cannot get the LJ Synergy ID and the LJ Sig indicators to work in my MT4 platform. Anyone else have this problem who may be able to help me?

Thank you.
Hi,
Had the same prob as you.
No arrows would show up.
Just drop this indy, don't need it, KIS.
  • #485
  • Nov 8, 2009 10:29am Nov 8, 2009 10:29am
Quoting jicssbr
Hello 45FXGuy,

Can you show me how I can obtain the "SwingMan Vorticity (8) i" indicator you have on the chart in post #397?

Thank you.

=)
Here you go, but please use caution, think it's fish based so may repaint sometimes. Forward demo test it a while before using elsewhere...
Attached File(s)
File Type: mq4 smSwingMan Vorticity.mq4   4 KB | 797 downloads
  • #486
  • Nov 9, 2009 11:59am Nov 9, 2009 11:59am
Hello to all,

Not to take away anything from the present contributors to this thread but.....where is Lou? This thread started with no indicators except SnR/pivots lines and atm is full of bells and whistles... can someone using the present approach tell me if it has resulted in developing a more succesful approach?

Good luck to all.
Unus pro omnibus, omnes pro uno
  • #487
  • Nov 10, 2009 10:23am Nov 10, 2009 10:23am
Quoting findmanu
Hey Nagpada,

I aprreciate your efforts. I'm a MQL4 developer and would love to help you on this. Feel free to let me know what your priority is. I can spend few hours everyday. Rest of the time, I have to code for my living

Cheers

PM
  • #488
  • Nov 10, 2009 10:48am Nov 10, 2009 10:48am
Hey guys, just wondering if anyone else has to constantly reset their renko chart every time a couple new blocks form. The renko blocks will move to the left but HA candles and psar not moving with them? Any ideas?
  • #489
  • Nov 10, 2009 2:03pm Nov 10, 2009 2:03pm
Quoting Scottstone
Hey guys, just wondering if anyone else has to constantly reset their renko chart every time a couple new blocks form. The renko blocks will move to the left but HA candles and psar not moving with them? Any ideas?
Hi,
The same happened to me.
It occurs when you use the same version of Renko for 2 currencies and it gets overwhelmed.
Try to use version 3.2 on one 1min chart.
And version 3.1 (or 1.6 or 2.1 ) on another 1min chart.
It should solve the prob.
Cheers
  • #490
  • Nov 10, 2009 2:16pm Nov 10, 2009 2:16pm
Quoting don_choa
Hi,
The same happened to me.
It occurs when you use the same version of Renko for 2 currencies and it gets overwhelmed.
Try to use version 3.2 on one 1min chart.
And version 3.1 (or 1.6 or 2.1 ) on another 1min chart.
It should solve the prob.
Cheers
Thanks! Will try.
  • #491
  • Edited 11:14am Nov 11, 2009 10:48am | Edited 11:14am
I have two currency pairs running with no problems on my 3.2gHz Dell. Both use RLC_v3.2 - I've checked cpu usage and nothing is out of line.

Not to be annoying here but could an incorrectly coded indicator be the cause? It's hard to pin these things down when the source code is not available. I've seen more than one indicator coded in such a way that all available history is read for each new tick - this will eat your lunch, especially at news times.

Another consideration might be internet connection speed. I use dsl from att&t and am fortunate to be located 1/2 mile from the nearest node so I have fiber optic up to that point and copper the rest of the way - average speed 600 kBs.


Just a thought...
Old Benjamin was right
  • #492
  • Nov 11, 2009 12:55pm Nov 11, 2009 12:55pm
Quoting Scottstone
Hey guys, just wondering if anyone else has to constantly reset their renko chart every time a couple new blocks form. The renko blocks will move to the left but HA candles and psar not moving with them? Any ideas?
I find that there is nothing inherentyl wrong with the RLC indicator. One laptop that I have it installed on is a 7 year old machine. Have 12 charts open inclusive of 1M charts and have no problems with the Renko charts or their updating. It's just a bit slow but updates by the pip fine. Looks like that your problem originates somewhere else. My renko charts range from 5 to 30 block size.
  • #493
  • Nov 11, 2009 12:59pm Nov 11, 2009 12:59pm
Quoting xBweNx
PM
Yup.
  • #494
  • Nov 11, 2009 4:23pm Nov 11, 2009 4:23pm
I've been busy lately at the Renko Block Charts thread - some are still having trouble getting RLC up and running and there are always questions from those who don't understand the Renko concept yet and want to know if they can set up a 4 hour chart.

Anyway, the attached chart will show what I've been up to lately. With some reluctance, I've stepped away from pivots to try using traditional support/resistance. I like working with it, have created an automated drawing tool (not an indicator per se - just a simple tool to save some time), and I've identified three possible entry patterns which may have some promise.

Those of you who are experienced may think my S/R tool is pretty rudimentary (or even wrong) - go ahead, laugh all you want - it has its flaws and is still in development but it gets the basic job done. As always, I'm open to suggestions to improve it.

The three entry patterns I've come to like are called:

1. Inside Bounce
2. Outside Break
3. Retracement

You can see examples of each on the attached chart. I haven't marked them (yet) because I think you are all sharp enough to find them
Attached Image (click to enlarge)
Click to Enlarge Name: renko10pip.gif Size: 11 KB
Attached File(s)
File Type: mq4 Renko_SR_v2.0.mq4   6 KB | 1,169 downloads
Old Benjamin was right
  • #495
  • Edited 5:02pm Nov 11, 2009 4:40pm | Edited 5:02pm
I'm also still trading the Midnight Special - I mentioned this earlier in the thread in relation to pivots but it actually works just as well with S/R:

At midnight GMT (6 pm here near Chicago) I either:

1. enter a trade (30 pips stop loss, 30 take profit) in the appropriate direction based on what the chart is doing

or

2. if PA is too close to S/R to allow the take profit, I check back periodically to see if there's a better signal

or

3. I toss it in and go to sleep

I've been hitting these trades at a 60-70% rate for a while now. Not a get-rich-quick approach but I have been in the black since the beginning and it takes only a minute or so to set up.
Old Benjamin was right
  • #496
  • Nov 12, 2009 8:29am Nov 12, 2009 8:29am
Hi everybody. I did some trades tonight. Not much luck so far... I will appreciate any help and comments.
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  • #497
  • Nov 12, 2009 8:34am Nov 12, 2009 8:34am
See the attachment. You could have traded this in either direction successfully.

The Renko bar that opened shortly after midnight GMT (up arrow) was a continuation of an up move that eventually turned out to be a retracement. Still, 30 pips (26 net) was there for the taking.

Those more cautious could have entered short at the down arrow. After a period of congestion or consolidation, whatever you want to call it, 30 pips was also available there.
Attached Image (click to enlarge)
Click to Enlarge Name: renko10pip.gif Size: 12 KB
Old Benjamin was right
  • #498
  • Edited 9:10am Nov 12, 2009 8:40am | Edited 9:10am
Quoting Lou G
I'm also still trading the Midnight Special - I mentioned this earlier in the thread in relation to pivots but it actually works just as well with S/R:

At midnight GMT (6 pm here near Chicago) I either:

1....
Could you also review which if any other pair/crosses that you like to trade now Lou?

I tried combining your one indi setup with my three psar setup.
The other indis are there just to see if I'm trading with or against the other time frame candles & trends.
If there is any interest in the template for forward demo test I may post it later back on the RTFG renko thread.
Attached Image (click to enlarge)
Click to Enlarge Name: ! # a a lou gs s&r indi with 45fxguy 3 psar.gif Size: 28 KB
  • #499
  • Edited 9:08am Nov 12, 2009 9:08am | Edited 9:08am
Quoting 45Fxguy
Could you also review which if any other pair/crosses that you like to trade now Lou?
It's all I can do to just trade GU - really, I'm not kidding.

If you'll take the time to analyze my Renko chart for the entire day of 11/11 you will see the possibility of quite a few pips using the three entry setups I teased you with (plus the Midnight Special, which is a good way for noobs to start exercising the old brain cells and recognize what Renko is telling them).

Did I get every pip? Not on your life - I don't have the patience to sit at the computer for that amount of time. I do keep an eye on GU from about an hour before the New York open until noon and then again from the Asian open until bedtime. There are enough opportunities within those restrictions for me.
Old Benjamin was right
  • #500
  • Nov 12, 2009 9:32am Nov 12, 2009 9:32am
Nothing wrong with that Lou, at least you don't burn yourself out.
Here's a demo trade I just made placing a sell stop below your red support line & made a quick 9 demo pips while I was playing games through facebook.
Attached Image (click to enlarge)
Click to Enlarge Name: a lou gs s&r indi with 45fxguy 3 psar 2.gif Size: 28 KB
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