Trading Renko | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price action trading with RENKO 190 replies

RENKO Trading SYSTEM - RENKO Indicators 7 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

Renko charts in the trading simulator 9 replies

Renko Trading Journal 28 replies

Attachments: Trading Renko
Exit Attachments

Trading Renko

  • #701
  • Jan 8, 2010 1:19am Jan 8, 2010 1:19am
Quoting hazelj80
thought I'd jump in here.

if you guys can use non time based indicators, ones that don't include a period parameter (something that counts the number of bars instead of the number of days) then you'd be heading in the right direction

what i mean is this:

using any indicator like for instance say macd. uses periods in the form of days, where renko has no time frames at all.

so an indicator that uses the number of bars might be better suited for these types of charts.
Nice observation. Not being a programmer I personally would not know what to keep and what to throw. Know of any MBF (MTF) indicators that would work with Renko. Might be helpful in filtering out periods of whipsaw maybe.
  • #702
  • Jan 8, 2010 1:24am Jan 8, 2010 1:24am
thanks! you could try channel indicators or something of the sort. i know forex-tsd has a ton of mt4 stuff that I have not seen anywhere else

what about this thing:

http://codebase.mql4.com/6029

just throwing around ideas here
  • #703
  • Jan 8, 2010 6:47am Jan 8, 2010 6:47am
Quoting Nagpada
Nice observation. Not being a programmer I personally would not know what to keep and what to throw. Know of any MBF (MTF) indicators that would work with Renko. Might be helpful in filtering out periods of whipsaw maybe.
Sounds great if we can all learn how to spot these, "multi-bar-frame, instead of muti-timeframe indicators, maybe a new positive direction for this thread.
Any tips on finding them without having to look through every line of code?
  • #704
  • Jan 8, 2010 6:49am Jan 8, 2010 6:49am
Quoting hazelj80
thanks! you could try channel indicators or something of the sort. i know forex-tsd has a ton of mt4 stuff that I have not seen anywhere else

what about this thing:

http://codebase.mql4.com/6029

just throwing around ideas here
Looks interesting, I use HA in a lot of templates, could be an improvement.
Thanks for sharing or throwing it out there.
  • #705
  • Jan 8, 2010 4:02pm Jan 8, 2010 4:02pm
Quoting 45Fxguy
Sounds great if we can all learn how to spot these, "multi-bar-frame, instead of muti-timeframe indicators, maybe a new positive direction for this thread.
Any tips on finding them without having to look through every line of code?

not a problem. glad i can be of some help!

well, you wouldn't have to necessarily look at the code itself, just the parameters. if it counts bars lookback, then that might be a good tool. if it has periods in the params, might want to avoid it. or at least simulate it to see if there is any repainting.
  • #706
  • Jan 13, 2010 5:24am Jan 13, 2010 5:24am
Dear friends;
I want to use the renko chart in a trade simulator so as to get some experience about history. but it can not make the new offline file
Could you please give me some information
I need time ,I need money, I need more patience
  • #707
  • Jan 18, 2010 1:08am Jan 18, 2010 1:08am
Can anyone help.....how to insert the moving average into the renko chart? Thanks!
  • #708
  • Jan 18, 2010 4:21am Jan 18, 2010 4:21am
Quoting ztdep
Dear friends;
I want to use the renko chart in a trade simulator so as to get some experience about history. but it can not make the new offline file
Could you please give me some information
Look for file under paper clip, upper right, "Off-line_charts_FAQ...pdf." very easy to find if you hide all images.

Read & follow all instructions there in. Find best Renko script chart maker you can find to make the renko charts, not ea, ea can work, but was my experience very difficult to jump start the incoming ticks using it.
Chris_B has new renko trading journal one of original c4/nitro thread follower developers who is currently working his latest setups using mostly tradestation (I think) not mt4 since MT4 renko backtest are very, very, un reliable & pretty much a general waste of time as far as I know.
Hope this helps,
later,
45
  • #709
  • Jan 18, 2010 4:24am Jan 18, 2010 4:24am
Quoting snowhyte
Can anyone help.....how to insert the moving average into the renko chart? Thanks!
The same way you would do it in a regular candle sticked timed chart if your using metatrader.
Insert/Indicators/Moving Average
  • #710
  • Jan 18, 2010 4:34am Jan 18, 2010 4:34am
Hi there,

A very interesting tread!

Just learning about Renko now!

Having a bit of bother trying to add it to MT4.

I have located the zip file with all the info needed. The problem I am having is that windows requires a program to open the file.

Anyone know which one I need?

Thanks in advance.
  • #711
  • Jan 18, 2010 4:55pm Jan 18, 2010 4:55pm
How is your Renko trading progressing. Demo or real ? Could you post your equity graph of your progress.
I have hired a programmer to write me an EA of my ideas. I do hope that it works when I get it. Got tired of asking ( begging ) for programmers to take on the project.Now I know where to go to hire programmers. It is site like " Labor Ready " for programmers. Have you taught yourself programming yet ?
  • #712
  • Jan 18, 2010 8:02pm Jan 18, 2010 8:02pm
Quoting 45Fxguy
Lou G.
Think I'm going to give your newest pivot, s&r, indis a shot this evening.
I think trading should be simple, and not tiring.
Nothing else but naked 10 pib Renko bricks chart, & maybe my DXtrade info indi.
Hello Fxguy
I wander if you can tell me,where I can find the DXtrade info from your
chart.I use an older version( I guess)showing only the ADX.
Thanh youvery much for your time

Dan
  • #713
  • Jan 21, 2010 7:37pm Jan 21, 2010 7:37pm
Quoting Nagpada
So far the max loosing sequence 7 ( wipsaw ) No trade on yellow. I trade 20 pip blocks. SL 40 pip. TS 60. Exit on colour change. Simple.
Increase lots traded by 1 for every 2 loosing trades. .04 -> .05 etc.

What type of MA you have on the chart? Let me know its Period and MA type.

I am looking for a good non-repainting Trend indicator to filter bad trades on my renko chart, but so far, I have not found any good one. I tried to use HMA color nrp but it too repaints the previous bar that is closed. I do not mind the indicator repainting the current bar, but once bar has closed, it should not repaint it.
  • #714
  • Jan 21, 2010 10:05pm Jan 21, 2010 10:05pm
Hi Guys,
I've installed the Renko.tpl and have the m2 charts displaying correctly ( I think). I'm just curious about these messages I get every time starting Mt4 after installing the EA:

{
Do you permit to call function "RegisterWindowMessageA' from 'user32.dll'?
Do you permit to call function "PostMessageA' from 'user32.dll'?
}

Does anybody else get this message as well and Is this normal when running this EA? Appreciate your advice. Thank you.

Happy Pipping.
  • #715
  • Jan 22, 2010 7:13am Jan 22, 2010 7:13am
Quoting Pipster007
Hi Guys,
I've installed the Renko.tpl and have the m2 charts displaying correctly ( I think). I'm just curious about these messages I get every time starting Mt4 after installing the EA:

{
Do you permit to call function "RegisterWindowMessageA' from 'user32.dll'?
Do you permit to call function "PostMessageA' from 'user32.dll'?
}

Does anybody else get this message as well and Is this normal when running this EA? Appreciate your advice. Thank you.

Happy Pipping.
You probably have the "Confirm DLL functions Calls", box checked.
  • #716
  • Jan 22, 2010 7:18am Jan 22, 2010 7:18am
Quoting dansmol
Hello Fxguy
I wander if you can tell me,where I can find the DXtrade info from your
chart.I use an older version( I guess)showing only the ADX.
Thanh youvery much for your time

Dan
;

Hi dansmol,
Is this the one your looking for?
Attached File(s)
File Type: ex4 DXTrade Info 45FXguy.ex4   9 KB | 734 downloads
  • #717
  • Jan 22, 2010 7:45am Jan 22, 2010 7:45am
Quoting Nagpada
How is your Renko trading progressing. Demo or real ? Could you post your equity graph of your progress.
I have hired a programmer to write me an EA of my ideas. I do hope that it works when I get it. Got tired of asking ( begging ) for programmers to take on the project.Now I know where to go to hire programmers. It is site like " Labor Ready " for programmers. Have you taught yourself programming yet ?
I think it's coming along pretty well, but remember like you & a lot others here I still have been using renko chats for less than a year so don't usually follow my renko demo trades on my live account, only the ones I'm most sure of. I'm willing to do as you said & post my demo equity curve on the RTFG thread where I'm trying to establish a weekly max pip contest for everyone trying to learn, & already been trading on renko charts for a while now. Would be great if you'd participate too. This week I've been testing xB's/Petar's Pandor breakout setup on more than 10 pair/crosses/charts just to try to find any additional pair/crosses that it may work well with.

Haven't so far seen much interest in the renko pip contest idea yet. I also post a lot on Petar's other thread called EUR/JPY Anytime!!! .

I havn't really gotten around to start learning to code yet much this year.
I have a voucher for MS online classes & will probably use it this year to get my feet wet with C#, I guess about the closes thing they have to C++, which swingman's pm said is the language to learn/know when MT5 is released.
later,
45
  • #718
  • Jan 22, 2010 9:30am Jan 22, 2010 9:30am
Quoting lnfx2009
Hi there,

A very interesting tread!

Just learning about Renko now!

Having a bit of bother trying to add it to MT4.

I have located the zip file with all the info needed. The problem I am having is that windows requires a program to open the file.

Anyone know which one I need?

Thanks in advance.
You probably need winzip which you can download free at winzip.com I think.
The renko ea's probably been posted to FF more than 100 times so I'm sure you can find the mq4 file for it if you try.
I think you can find the last version here http://cdn.forexfactory.com/images/attach/mq4.gif RenkoLiveChart_v3.2...mq4.
Posted in the thread that created the free version.
  • #719
  • Jan 22, 2010 10:53am Jan 22, 2010 10:53am
Quoting 45Fxguy
;

Hi dansmol,
Is this the one your looking for?
THANK YOU VERY MUCH 45FXGUY
  • #720
  • Jan 24, 2010 1:22pm Jan 24, 2010 1:22pm
Quoting kerty9
What type of MA you have on the chart? Let me know its Period and MA type.

I am looking for a good non-repainting Trend indicator to filter bad trades on my renko chart, but so far, I have not found any good one. I tried to use HMA color nrp but it too repaints the previous bar that is closed. I do not mind the indicator repainting the current bar, but once bar has closed, it should not repaint it.
I am using XPma which I have posted on this thread. Check ths clip. I change the period to 4 during setup.
0 traders viewing now