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Trading Renko

  • #521
  • Nov 17, 2009 10:05am Nov 17, 2009 10:05am
See the attachment - very satisfactory results from a simple daily trade.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
Old Benjamin was right
  • #522
  • Nov 17, 2009 10:11am Nov 17, 2009 10:11am
Very nice, Lou.

BTW, how to you view that balance chart in MT4? I haven't found it yet.

Thanks.

MurphyMan
  • #523
  • Nov 17, 2009 11:15am Nov 17, 2009 11:15am
Quoting Freddyfx
For some reason I cannot get the xBwenx setup to update on my charts.
Have gone over everything 3x now, loads beautifully, but stays stuck.

Read back over all the posts that others had too, still no solution.

Anybody any ideas?

Maybe use another Renko script instead of the RenkoLiveChart_3.2 ??


UPDATE

and then woke up in the morning, decided to take a firstly loaded chart off and then................the grey chart started updating. Is that how it should function???
That you can only run one offline chart from the M1 original?
RenkoLiveChart 3.2 comes in two flavours. One is an EA and the other is an indicator. Talk of confusing. I got 3 renko offline charts running off one M1 chart. So that should not be a problem. At 1st. guess it appears that your system is overloaded. Too many indicators that have slowed pc. to a halt. Could also be a temporary bad internet connection.
  • #524
  • Nov 17, 2009 11:26am Nov 17, 2009 11:26am
NEVER a bad idea to remove indicators that are not used anyhow to free processing space.

Will keep investigating this,as sometimes a few extra charts to checkout a setup with different approaches is so handy
  • #525
  • Nov 17, 2009 12:02pm Nov 17, 2009 12:02pm
Quoting MurphyMan
Very nice, Lou.

BTW, how to you view that balance chart in MT4? I haven't found it yet.

Thanks.

MurphyMan
Click the Terminal icon on the tool bar, click the Account Balance tab, right-click in the Account Balance section and select Save As Detailed Report.
Old Benjamin was right
  • #526
  • Nov 17, 2009 12:04pm Nov 17, 2009 12:04pm
Quoting Nagpada
RenkoLiveChart 3.2 comes in two flavours. One is an EA and the other is an indicator.
I didn't know that there was an indicator version of RLC_v3.2
Old Benjamin was right
  • #527
  • Nov 17, 2009 1:44pm Nov 17, 2009 1:44pm
Quoting Lou G
Attached is a version of RenkoLiveChart-v3.0 that runs as an indicator instead of as an EA - good for creating offline Renko charts when the market is closed.

Download and copy to the mt4/experts/indicators folder

compile

enable dll's and external experts at tools/options/expert advisors

open a M1 chart of your currency, drag the indicator from navigator and choose your options

a message will appear in the upper left corner telling you that the offline chart has been created.
here is the posting # 65 posted by a Lou G.
  • #528
  • Edited 4:22pm Nov 17, 2009 3:33pm | Edited 4:22pm
Your request fulfilled. How many indicators have you collected thus far. You do realise that most indicators are overly complex. The most useful indicator is one called " screen time ". Anyway nice to see you back. I am not a gamer so I stayed here, Too many renko threads lead to nowhere. Better to consolidate in one place.

Any free programmers around ?

P.S. The xpma indicator packet comes with a additional ma's. You may or may not these in the indicator folder. If you do install these into the folder, do not add them to the chart. Add only the xpma indicator which then accesses these others in its calculations. Now if you do not install the additional ma into the indicator folder but only the xpma thats fine. xpma has a bunch of ma's built in and uses just them in it's calculation. Your choice. For any futher questions ask codersguru whose indicator and ea these are. I gather that he stopped posting either here or at forex-tsd so sol
Attached File(s)
File Type: zip xpMA.zip   10 KB | 626 downloads
File Type: zip xpMaEA.zip   2 KB | 599 downloads
  • #529
  • Nov 17, 2009 4:03pm Nov 17, 2009 4:03pm
Quoting Nagpada
here is the posting # 65 posted by a Lou G.
Yes, I think I've seen that

v3.0, not 3.2
Old Benjamin was right
  • #530
  • Edited 5:19pm Nov 17, 2009 4:30pm | Edited 5:19pm
I posted Lou's SR indy and Super Trix previous but left out the Indy's , My Bad

This should work and you can compare the Lou indy with T@H pivots using the Super Trix.

Cheers

Yes Nagpada, lots of screen time is the best indicator!


*The second trix window setting should be 6 1 1
Attached File(s)
File Type: zip SR_Pivots.zip   60 KB | 641 downloads
  • #531
  • Edited 5:08pm Nov 17, 2009 4:45pm | Edited 5:08pm
I wanted to cover this one a little more, because I think it has a lot of merit. First, like Lou, I am all for keeping the charts SIMPLE. For this, I am using Swingman's super duper MA, his Renko Signals and his UltraSuper TRIX.

I went back to the C4 thread where SM discussed his Renko Signals http://www.forexfactory.com/showthre...81900&page=178

The first Renko arrow that appears on the chart is the Get Ready signal, and the second is the Trigger to enter. So, I'll only enter if I see both arrows - AND...

At the same time, you have his UltraSuper TRIX and it has an arrow of it's own. Look over the attached chart. It seems like the perfect entry would be to have all three arrows and a new brick. The S/L could be 10 pips.

Again, simplicity. Personally, I don't think I'll add the S/R indy until AFTER I'm in the trade. However, that may confuse my getting into a Midnight Special.

For your convenience, I'm attaching the indicators, but no guarantees that they are the latest and greatest. I invite your comments about this setup.

MurphyMan
Attached Image (click to enlarge)
Click to Enlarge Name: renko_smultrasupertrix.gif Size: 20 KB
Attached File(s)
File Type: ex4 MA%20in%20Color_wAppliedPrice.ex4   5 KB | 602 downloads
File Type: ex4 smRenko Signals_v1.ex4   10 KB | 836 downloads
File Type: ex4 smSuper TRIX_PV_v1.ex4   11 KB | 726 downloads
  • #532
  • Nov 17, 2009 4:49pm Nov 17, 2009 4:49pm
You mite sneak a peek at T@H pivots, the Renko trends seem to run between the pivots, works for me anyways.

Cheers
  • #533
  • Nov 17, 2009 11:56pm Nov 17, 2009 11:56pm
Quoting goldsurfer
Yes Nagpada, lots of screen time is the best indicator!


*The second trix window setting should be 6 1 1
Susssh, must not mention that too often else 45fx will request us to post that for his collection
  • #534
  • Nov 18, 2009 7:05am Nov 18, 2009 7:05am
Hi,

Nice thread, I am curious about Renko and am playing a bit with the indicators however I don't understand the wicks of some of the bricks, see chart, why in some bars there is a very big wick when it should be another brick changing direction of the trend?

Thanks for the help.
Attached Image (click to enlarge)
Click to Enlarge Name: Renko_Chart.png Size: 21 KB
  • #535
  • Nov 18, 2009 9:00am Nov 18, 2009 9:00am
Quoting tigretoncio
Hi,

Nice thread, I am curious about Renko and am playing a bit with the indicators however I don't understand the wicks of some of the bricks, see chart, why in some bars there is a very big wick when it should be another brick changing direction of the trend?

Thanks for the help.
Which script/ea are you using to create this chart?
Old Benjamin was right
  • #536
  • Nov 18, 2009 9:51am Nov 18, 2009 9:51am
Quoting Lou G
Which script/ea are you using to create this chart?
RenkoLiveChart_v3.0, the one you point out in this thread.
  • #537
  • Edited 11:15am Nov 18, 2009 10:57am | Edited 11:15am
Quoting tigretoncio
RenkoLiveChart_v3.0, the one you point out in this thread.
Latest version is v3.2 - use that instead. Earlier versions have been deprecated.

v3.2 is an EA, not an indicator, so it needs to be installed differently. Instructions are on this thread (more than once).
Old Benjamin was right
  • #538
  • Nov 18, 2009 11:46am Nov 18, 2009 11:46am
As far as you are aware are there problems associated with V 3.0. I prefer using indicators to EA's ( except trading EA's ).

Thanks for your attention and reply.
  • #539
  • Nov 18, 2009 12:07pm Nov 18, 2009 12:07pm
Exactly what you are saying, so if you will mark a couple trades as you describe on this chart and lets see what we have

thanks

Brian

Quoting MurphyMan
I wanted to cover this one a little more, because I think it has a lot of merit....
  • #540
  • Nov 18, 2009 1:11pm Nov 18, 2009 1:11pm
Quoting Lou G
See the attachment - very satisfactory results from a simple daily trade.
Could you please explain how you get MT 4 to generate this trading chart.

Thanks
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