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Renko Trading For Gamers (RTFG)

  • #421
  • Edited 10:21pm Jan 19, 2010 8:21pm | Edited 10:21pm
Welcome bro, here's an updated template for anyone that needs it, think only thing different between mine & yours now is that I reversed the delta colors.

It should be pretty easy to keep tack of 10 different pair/crosses with this template which I'm working on opening that many right now & noticed the bottom s line doesn't appear when the template is placed on a chart. All you have to do is open it in your indis & open the chin breakout indi from the list then click ok. Good news is that it seems to usually draw the pandor box automatically for you. If not just double click on the line to move it where it needs to be, & double click it again to un-select it.
Attached Image
Attached File(s)
File Type: tpl ! # pandor's box new.tpl   10 KB | 448 downloads
  • #422
  • Jan 19, 2010 8:42pm Jan 19, 2010 8:42pm
Quoting 45Fxguy
Welcome bro, here's an updated template for anyone that needs it, think only thing different between mine & yours now is that I reversed the delta colors.
Tnx

This is good opotunity...Guys i must go now to sleep
Attached Image (click to enlarge)
Click to Enlarge Name: euraudmaybe.gif Size: 21 KB
"Buy on fear, sell on greed !!!
  • #423
  • Jan 19, 2010 11:41pm Jan 19, 2010 11:41pm
Hi Peter,
Thank you so much for sharing your tradng system,
I would like to ask some help about implement your system to my platform, when i try to attach delta indi, its says, cannot be executed why?
and please kindly explain where i should save your files and how to attach with terminal
thanks

abma129

Quoting Petar_Serbia
First of all, a big greeting to all the people on this forum !!!


And now I have to thank all the people who have invested effort, time, working around Renko and developing it > EllisEdi, LastViking, Lou G.,45FxGuy, xBweNx and many others (Thanks guys)

I'm Petar and I decided to open this topic with 45FxGuy to make a Forex easier.I am just Renko tester and exp. Trader,and I think that Renko the best method for Psyche. There are a lot traders who lost a lot of nerves and health for every pip up or down ! Why ?
People understand...
  • #424
  • Jan 20, 2010 4:58am Jan 20, 2010 4:58am
Quoting abma129
Hi Peter,
Thank you so much for sharing your tradng system,
I would like to ask some help about implement your system to my platform, when i try to attach delta indi, its says, cannot be executed why?
and please kindly explain where i should save your files and how to attach with terminal
thanks

abma129
Hello Abma and welcome to the thread

Look eveything you can find here http://www.forexfactory.com/showpost...&postcount=237

Template file you must put on Template folder,Renko live chart you must put in Expert Advisor folder,everything else in indicator folder...You can find how to open M2 chart on link i posted on this post...


Cheers
"Buy on fear, sell on greed !!!
  • #425
  • Jan 20, 2010 7:45am Jan 20, 2010 7:45am
Not too bad of a 1st night testing pandor boxes on multiple pair/crosses.
However think my hit rate would have been a lot higher had I used 20tp/40sl instead of 20tp/30sl. I was trying to be a bit conservative although I know Petar usually prefers a 1:1 rrr, but scalper habits are hard to break. I'm going to switch gears since no one else seems to to participating in the RTFG max pip contest this week, and focus on finding max number and best pairs/cross etc that the method works well on.
Looks like many charts started trending very well after I went to bed at 2am.
Would have probably been worth staying up all night had I known the future.
I'll probably keep on adding more pair/crosses since the chin breakout s/r indi makes it much easier to monitor them. I may also try it out today on a few CFDs if fx keeps trending too well to create new pandor boxes.
  • #426
  • Jan 20, 2010 8:08am Jan 20, 2010 8:08am
Hi 45,

thanks for the indi - it drives me nuts with that alarm - lol. Just out of interest, is there any stuff you have kept from the original C4/Nitro thread?

All the best.

Nick
  • #427
  • Edited 8:43am Jan 20, 2010 8:28am | Edited 8:43am
Quoting nick2112
Hi 45,

thanks for the indi - it drives me nuts with that alarm - lol. Just out of interest, is there any stuff you have kept from the original C4/Nitro thread?

All the best.

Nick
Hi Nick,
Yeah it can go off way too often esp if your using on too many yen crosses/pairs, so I only have it on one of those, and especially when everything start moving at the same time, but I'd rather live with the minor annoyance than miss the big breakout moves that this method seems to usually capture so well. You can alway double click and move the line above or below current price & the alarm will stop, the top line you'll have to move up, I sometime put it about 1/2 way between my entry point and tp so it may help me to decide if I want to cash out early or not depending on current price action.
Which also reminds me c4/nitro correlation is something I'm still using via dailyfx power charts in overlay, I can see all yen on one 5 min chart without overloading my cpu.
later,
45
PS: Attached screen shot not really following the re entry rules just a demo test since I notice rsi staying well above the macd ma white line. Maybe something Petar & xB can take a look at as a possible way to enter after a trend has already been established?
Attached Image (click to enlarge)
Click to Enlarge Name: ! # pandor's box new pg1.gif Size: 18 KB
  • #428
  • Edited 9:02am Jan 20, 2010 8:55am | Edited 9:02am
We may have a nice usdjpy pandor box breakout soon, & yen correlation looks pretty good at the moment on 5 min charts as well. But as always trade at your own risk if trading it live.
Attached Image (click to enlarge)
Click to Enlarge Name: ! # pandor's box new pg2.gif Size: 19 KB
  • #429
  • Jan 20, 2010 8:59am Jan 20, 2010 8:59am
as you mentioned 45.
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  • #430
  • Jan 20, 2010 7:50pm Jan 20, 2010 7:50pm
Hello traders this is some of posible trading situations


Be careful and trade safe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdrenko.gif Size: 21 KB
Click to Enlarge Name: euraudrenkoo.gif Size: 21 KB
Click to Enlarge Name: renkoeurjpy.gif Size: 21 KB
"Buy on fear, sell on greed !!!
  • #431
  • Jan 20, 2010 8:07pm Jan 20, 2010 8:07pm
Took first trade euraud sell



Cheers guys i must go to sleep
Attached Image (click to enlarge)
Click to Enlarge Name: euraudrenkootrade.gif Size: 23 KB
"Buy on fear, sell on greed !!!
  • #432
  • Jan 22, 2010 8:49am Jan 22, 2010 8:49am
Quoting nick2112
as you mentioned 45.
Nick, I think adding a MoM (from nitro) not a bad idea to help improve entry timing & exits.
Which one are you using, & how has it been working out for you?
  • #433
  • Jan 23, 2010 6:38am Jan 23, 2010 6:38am
Hello friends,

This is some of good setups for 22 jan Guys just use good MM and risk low and catch huge trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraudrenkogoodbuy.gif Size: 23 KB
Click to Enlarge Name: goodrenkosell.gif Size: 24 KB
Click to Enlarge Name: goodrenkobuy.gif Size: 23 KB
Click to Enlarge Name: gbpusdrenko.gif Size: 21 KB
"Buy on fear, sell on greed !!!
  • #434
  • Jan 23, 2010 7:21am Jan 23, 2010 7:21am
Beautiful method. With a bit of Martingale and individual touch, renko is unbeatable
Thanks again to the starters and contributors to this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: renko.PNG Size: 41 KB
  • #435
  • Jan 23, 2010 7:47am Jan 23, 2010 7:47am
Quoting FatherJack
Beautiful method. With a bit of Martingale and individual touch, renko is unbeatable
Thanks again to the starters and contributors to this thread.
Good chart FatherJack,

How you combine Martingale and where you take position on your chart ?
"Buy on fear, sell on greed !!!
  • #436
  • Jan 23, 2010 7:52am Jan 23, 2010 7:52am
Hi 45,
I think you are probably right. To be honest with you I am floating between 2 strategies at present, and the Renko always gets put on the back burner. I have always felt that taking the Pandoras Box trades requires a larger stop, as it is basically a break out strategy - although to give Petar his full credit (many thanks Petar) it seems to work well. The chart I posted was a loser, but it was not a Pandoras Box trade, it was based on the Renko S&R indicator which gives different signals.
Starting this week, IO am going to follow the Renko a lot more closely.

Thanks to all you folks on the thread here for your input and help. I will post more charts this week.

Enjoy your weekend.

Nick




Quoting 45Fxguy
Nick, I think adding a MoM (from nitro) not a bad idea to help improve entry timing & exits.
Which one are you using, & how has it been working out for you?
  • #437
  • Jan 23, 2010 8:31am Jan 23, 2010 8:31am
Quoting nick2112
Hi 45,
I think you are probably right. To be honest with you I am floating between 2 strategies at present, and the Renko always gets put on the back burner. I have always felt that taking the Pandoras Box trades requires a larger stop, as it is basically a break out strategy - although to give Petar his full credit (many thanks Petar) it seems to work well. The chart I posted was a loser, but it was not a Pandoras Box trade, it was based on the Renko S&R indicator which gives different signals.
Starting this week, IO am going to follow the Renko...
You are welcome my friend

Just trade with good MM and grab pips
"Buy on fear, sell on greed !!!
  • #438
  • Jan 23, 2010 8:56am Jan 23, 2010 8:56am
Quoting Petar_Serbia
Good chart FatherJack,
How you combine Martingale and where you take position on your chart ?
Well, Martingale is good and clear with renko. I hate stop losses, and I don't trust those dealers to put them on chart/send to their server.
If you have a legitimate breakout signal, but it doesn't work, you just open double lot the opposite way when you have the opposite signal or the price goes ~60 pips (that's my rule of thumb for EY 30min) the opposite way. That's it. My account/lot size proportion allows me to do it about 6 times in a row without even coming close to a margin call. But if I have to do it more than say three times, I start looking for just a breakeven.
As for interpreting the chart... we buy when both white lines (MA low and high) cross the middle yellow line (T3MA). Actually, there is no need for other indies, they just add beauty
Here is an example.
1st blue line (actually, it should be a couple of bars to the left, sorry) is a straightforward entry say 0.1 lot and a winner right away.
2nd red line is a Martingale example. The bottom indicator says we are still in an uptrend, so ideally we should stay away. But say, we are stupid and take it, sell 0.1 lot. And it turns out to be wrong. Then we have
3d blue line buy 0.2 and there we go. We definitely have BE and probably a little profit.
One may say, what if the price continues to be in the channel without going up like here on the picture. I can only answer to this - find me a chart in the past with the most terrible and long flat. And then we talk. So far I have not seen a stretch that would have killed me. Theoretically it is possible. But practically stop loss will kill the deposit much faster. Especially if assisted by the dealer IMHO.
Attached Image (click to enlarge)
Click to Enlarge Name: renko1.PNG Size: 45 KB
  • #439
  • Jan 23, 2010 9:36am Jan 23, 2010 9:36am
Quoting FatherJack
Well, Martingale is good and clear with renko. I hate stop losses, and I don't trust those dealers to put them on chart/send to their server.
If you have a legitimate breakout signal, but it doesn't work, you just open double lot the opposite way when you have the opposite signal or the price goes ~60 pips (that's my rule of thumb for EY 30min) the opposite way. That's it. My account/lot size proportion allows me to do it about 6 times in a row without even coming close to a margin call. But if I have to do it more than say three times, I start...
Ok tnx,

Can you upload that indicator ?when i have time i will change some setings and test
"Buy on fear, sell on greed !!!
  • #440
  • Jan 23, 2010 9:40am Jan 23, 2010 9:40am
Quoting Petar_Serbia
Ok tnx,

Can you upload that indicator ?when i have time i will change some setings and test
I guess it's just a T3MA indie. Here you go. Do not have mq4.
Attached File(s)
File Type: ex4 RoundPriceNE_big_mod[5dig].ex4   3 KB | 344 downloads
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