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Renko Trading For Gamers (RTFG)

  • #341
  • Jan 8, 2010 9:37am Jan 8, 2010 9:37am
Anyone gotten renko charts to work in ninja trader yet?
Just seriously started trying to learn how to use it last night.
Maybe I'll start a new thread on the subject later on after I learn a thing or two about it.
There seems to be more brokers going to it these days, but don't know how good they are yet.
  • #342
  • Edited 10:08am Jan 8, 2010 9:58am | Edited 10:08am
Looks like we have a new top & bottom of pandor box formed on eurjpy right now. The breakout indi testing pretty close to these lines too.
Still deciding on what colors to use for the new HA zone candles think green for going long, yellow for caution, and red for shorts, may work out ok.
Didn't like the default gray middle candles hard to see on darker background color.
Attached Image (click to enlarge)
Click to Enlarge Name: pandor box new top bottom.gif Size: 29 KB
  • #343
  • Edited 11:32am Jan 9, 2010 8:35am | Edited 11:32am
Ok, maybe one more idea worth looking into.
How about setting the macd periods to same as default delta settings?
Then maybe won't need delta on the chart.
Or 12 if you don't like to use 13.

PS:
doji star info
Attached Image (click to enlarge)
Click to Enlarge Name: color macd set to delta default periods.gif Size: 34 KB
  • #344
  • Jan 10, 2010 9:34am Jan 10, 2010 9:34am
Please help me out guys!
I've changed a broker, and now RenkoLiveCharts v3.2 don't seem to work. I tried all the options in the settings, and it still fails to produce an offline M2 chart. I need it for a 3 digit pair called EURJPYm.
I found and tried a SCRIPT RenkoLiveChart 1.6 - and it works
What am I to do?
  • #345
  • Jan 10, 2010 1:51pm Jan 10, 2010 1:51pm
Quoting FatherJack
Please help me out guys!
I've changed a broker, and now RenkoLiveCharts v3.2 don't seem to work. I tried all the options in the settings, and it still fails to produce an offline M2 chart. I need it for a 3 digit pair called EURJPYm.
I found and tried a SCRIPT RenkoLiveChart 1.6 - and it works
What am I to do?
First of all,

I wish you guys many many pips in 2010...
I am just back from Holyday and i will continue to trade in 2010


FatherJack,
There is many reason to stop your Renko expert,my advice ,open demo account on Meta Trader and put Renko on that broker and trade live with your broker...

Try to reinstal your new Meta and put again indis...

Cheers
"Buy on fear, sell on greed !!!
  • #346
  • Jan 10, 2010 8:39pm Jan 10, 2010 8:39pm
Petar
Welcome back and Happy New Year.
Good idea about the FXDD demo account for Father Jack.
My Renko charts work fine on FXDD.. and the company is getter bigger and better. I have used them for two years... and they just qualified for
the top level of trusted firm.
  • #347
  • Edited Jan 11, 2010 7:30am Jan 10, 2010 8:55pm | Edited Jan 11, 2010 7:30am
Quoting FatherJack
Please help me out guys!
I've changed a broker, and now RenkoLiveCharts v3.2 don't seem to work. I tried all the options in the settings, and it still fails to produce an offline M2 chart. I need it for a 3 digit pair called EURJPYm.
I found and tried a SCRIPT RenkoLiveChart 1.6 - and it works
What am I to do?
It maybe that you tried to create the new renko chart when there wasn't any new incoming ticks. If that's the case then you probably just need to look again to see if an offline chart generated since the market has reopened.
If not try opening the the monthly chart, zoom it all the way out and scroll back as far as possible with the auto scroll chart shift off. Do the same for all time frames down to the one minute then attach the RenkoLiveCharts v3.2 ea.
If you have any incoming ticks it should produce your offline live renko chart.
The larger the bricks are the more one minute candles you'll need for the ea to create the renko chart so if your new broker doesn't give enough 1 min chart history to produce very many i.e. 25 to 50 pip renko charts then you may have to download those charts from a different broker & save them to the broker history folder of the broker you actually want to use them with.
I know you probably don't want or need to renko charts bricks this large just thought I'd try to cover all the bases for anyone else that may experience the same problem later.
later,
45
  • #348
  • Jan 11, 2010 2:15am Jan 11, 2010 2:15am
Thank you, kind men! It works now, 45Fxguy was right, I tried to open it when there were no ticks coming in. Now it's fine.
fxtango - FXDD demo? Is FXDD something you would consider as a good real money broker? You see, after I learnt how to earn on a constant basis, I've become completely paranoidal about reliability of the broker. So would FXDD be you advice? No problem with withdrawals if you double/triple your account?
Sorry for being offtop, but I'm really in need of a reliable broker advice. I don't scalp, and I don't care if they play a bit with spread and execution, within reason. It's just that they do not walk away with my money - at the end of the day, legally and dealer can do that on FX.
Sorry for offtop again.
  • #349
  • Jan 11, 2010 3:43am Jan 11, 2010 3:43am
Hi guys!

Happy holidays etc.

I wanted to ask how can you change the color of the bars in renko? It is a little boring like this, and the blue and black doesnt really allow for a nice nice background. Thx for the info.

Also, the delta on MACD as an exit signal worked for me pretty much like the MACD on its own, it took a lot of pips for it to give the signal and instead of 50 pips I took 15. Still in black but still.
  • #350
  • Jan 11, 2010 6:33am Jan 11, 2010 6:33am
I see very good and long trade on eurjpy...


I was on holyday when price broke high ;(




Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: renkoeurjp.gif Size: 23 KB
"Buy on fear, sell on greed !!!
  • #351
  • Jan 11, 2010 6:37am Jan 11, 2010 6:37am
This is GBPUSD trade for today...I didnt take that trade...i was sleep...



But looks good so far >
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdchartrenko.gif Size: 24 KB
"Buy on fear, sell on greed !!!
  • #352
  • Jan 11, 2010 7:39am Jan 11, 2010 7:39am
Quoting FatherJack
Thank you, kind men! It works now, 45Fxguy was right,...
Sorry FatherJack I don't have any personal live experience with this broker.
You can probably google up some broker review sites I know it can take a lot of time to check out a broker, & there still are no guarantees they will help you find a good one either. I think FF also has a few threads that discuss brokers as well. Some FF members also post their favorite brokers under their profiles.
So you could PM those members you find that list FXDD as their favorite.
  • #353
  • Jan 11, 2010 7:51am Jan 11, 2010 7:51am
Quoting Dragokin
Hi guys!

Happy holidays etc.

I wanted to ask how can you change the color of the bars in renko? It is a little boring like this, and the blue and black doesnt really allow for a nice nice background. Thx for the info.

Also, the delta on MACD as an exit signal worked for me pretty much like the MACD on its own, it took a lot of pips for it to give the signal and instead of 50 pips I took 15. Still in black but still.
Just right click on any blank space in your chart and click on chart properties or F8 is the short cut key to do the same.
Just change Bar up & Bull candle to the same or similar colors and do same for Bar Down and Bear candle.
Don't forget to re save your template under a new name so yo don't accidentally mess up the original template.
Ok forget that this template has HA candles so the above wouldn't exactly apply, just right click on the HA candles & select properties of your HA indi, or go to the indicator list with Ctrl-I etc, and select the HA indicator your using and click edit, and you can change the HA colors under the colors tab.
later,
45
  • #354
  • Jan 11, 2010 10:01am Jan 11, 2010 10:01am
Hi!!

For those interested i've started a Renko Trading Journal here on FF.

This is the link:

http://www.forexfactory.com/showthread.php?t=215081
Market is like a puzzle, YOU have to fit the pieces!!
  • #355
  • Jan 11, 2010 11:18am Jan 11, 2010 11:18am
Father Jack
I am no real expert... but I can report that after two years or so, I have had no trouble with FXDD... And as I understand it, they applied for and have been granted a higher license status, wherein they have agreed to submit to more regulation. As I said, I have few details, but have not noticed any funny business while I have been using them.. And each night, a complete report is emailed to me.

Like others, they do have quite program for referring brokers. I was introduced to the firm by a fellow in Indonesia with a trading system, and we have become quite good friends.

Like you, I don't really care if someone else is provided with a pip or two spread advantage in exchange for their advertising and increased trading volume.

Hope that helps a bit.
  • #356
  • Jan 11, 2010 12:04pm Jan 11, 2010 12:04pm
We have a formed box on GBPUSD...WE will see ...
Attached Image (click to enlarge)
Click to Enlarge Name: renkogbppp.gif Size: 24 KB
"Buy on fear, sell on greed !!!
  • #357
  • Jan 11, 2010 12:41pm Jan 11, 2010 12:41pm
Quoting Petar_Serbia
We have a formed box on GBPUSD...WE will see ...

I am in...sell @ 1.6110, SL @ 1.6134 TP@ 1.6060 or 1.6...

LOL

waiting for it
  • #358
  • Jan 12, 2010 5:51am Jan 12, 2010 5:51am
You probably just took a quick glance at a few pages & didn't read the whole thread SnapCracklePip.
Everyone here is using renko charts.


Quoting SnapCracklePip
this thread is a joke right????? lmao the fx market never seems to surprise.....

first off....most of you not using renko but hekein smooting

OMG...
  • #359
  • Jan 12, 2010 6:05am Jan 12, 2010 6:05am
Quoting SnapCracklePip
this thread is a joke right????? lmao the fx market never seems to surprise.....

first off....most of you not using renko but hekein smooting

OMG...
Please dont post if you dont know much about this thread and this type of trading...thanks
"Buy on fear, sell on greed !!!
  • #360
  • Jan 12, 2010 12:07pm Jan 12, 2010 12:07pm
Sorry if this has been asked before. If so, please point me to the correct post.

What are the pro's/con's of building renko charts by using either a script, indicator, or EA? How do they operate differently and which method is best? Thanks,
Matt
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