Hello all,
Here is another renko system i have been working on for a couple of weeks now. I have changed it a number of times till i came up with a simple system that seems to work very well. There is plenty of room for improvement, so any input would be appreciated.
First of all, I dont remember where i got all of the indies and the ea for this, or who programed them. But i would like to thank them for there hard work.
------------------ NEW SET UP ON POST 351. FOLDER ON POST 356-----------------------------
Here is what you need.
5 block renko chart
10 ema (blue)
20 ema (red)
PJ- Over rsi 7-50-50
PJ- Over rsi 14-50-50
Pivot points on 1 min chart
FIBS on 1 min chart
(Optional) trail stop EA
Long- Block closes above 10 ema, 10 ema above 20 ema, PJ rsi 7 and 14 green.
Short- Blocks closes below 10 ema, 10 ema below 20 ema, PJ rsi 7 and 14 red
I have the trailing ea on the 1 min chart set at 15 pip s/l, 100 pip t/p, 15 pip trail stop, move to break even 15 pips, and 2 pip lock.
I hope you see potential in this system as i do.
Happy pipping.
Here is another renko system i have been working on for a couple of weeks now. I have changed it a number of times till i came up with a simple system that seems to work very well. There is plenty of room for improvement, so any input would be appreciated.
First of all, I dont remember where i got all of the indies and the ea for this, or who programed them. But i would like to thank them for there hard work.
------------------ NEW SET UP ON POST 351. FOLDER ON POST 356-----------------------------
Here is what you need.
5 block renko chart
10 ema (blue)
20 ema (red)
PJ- Over rsi 7-50-50
PJ- Over rsi 14-50-50
Pivot points on 1 min chart
FIBS on 1 min chart
(Optional) trail stop EA
Long- Block closes above 10 ema, 10 ema above 20 ema, PJ rsi 7 and 14 green.
Short- Blocks closes below 10 ema, 10 ema below 20 ema, PJ rsi 7 and 14 red
I have the trailing ea on the 1 min chart set at 15 pip s/l, 100 pip t/p, 15 pip trail stop, move to break even 15 pips, and 2 pip lock.
I hope you see potential in this system as i do.
Happy pipping.
Attached File(s)
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