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Mr.Nims, Renko Ashi Trading System 2

  • #21
  • May 25, 2010 2:55am May 25, 2010 2:55am
Quoting Michael Deys
Thanks kesterpogz! At least there is a posibility. Hope someone will come up with the robot soon and makes our work easier. Thanks again!
only time can tell.. meanwhile heres my first trade with renko system on demo.
and its already winning.
Attached Image (click to enlarge)
Click to Enlarge Name: renko.JPG Size: 167 KB
  • #22
  • May 25, 2010 3:00am May 25, 2010 3:00am
u need to win so u have to work for it,
  • #23
  • May 25, 2010 4:53am May 25, 2010 4:53am
NOTEs:
1. Please change the MACD to 10,20,5 for solid intraday trades.
2. Use 5,10,2 for scalping trades.

Also remember the Zero line for buy/sell
Where there is a will there is a way...
  • #24
  • Edited 5:10am May 25, 2010 5:00am | Edited 5:10am
Quoting nimmu1982
NOTEs:
1. Please change the MACD to 10,20,5 for solid intraday trades.
2. Use 5,10,2 for scalping trades.

Also remember the Zero line for buy/sell
thank you for reminding. should i also change the threshold of renkoAM of usdjpy from 5 to 30??
  • #25
  • May 25, 2010 5:14am May 25, 2010 5:14am
Attached Image (click to enlarge)
Click to Enlarge Name: eutoday.jpg Size: 194 KB
Where there is a will there is a way...
  • #26
  • May 25, 2010 5:44am May 25, 2010 5:44am
how long do You trade like this?

and how do you set up sl ? solid 20 pips ? or by hand on the other side of price chanel?
  • #27
  • May 25, 2010 6:43am May 25, 2010 6:43am
Hi

How do i apply the renko live chart on metatrader

thanks
  • #28
  • May 25, 2010 6:55am May 25, 2010 6:55am
it looks profitable to trade on the trending side of your MACD indi
  • #29
  • May 25, 2010 6:55am May 25, 2010 6:55am
Quoting mahomed
Hi

How do i apply the renko live chart on metatrader

thanks
you shouldn't ask questions like that. its in the manual. just read it.
  • #30
  • May 25, 2010 7:01am May 25, 2010 7:01am
Quoting nimmu1982
NOTEs:

2. Use 5,10,2 for scalping trades.

Also remember the Zero line for buy/sell
show me examples for above scalping technic
tq
  • #31
  • May 25, 2010 7:49am May 25, 2010 7:49am
Quoting mahomed
Hi

How do i apply the renko live chart on metatrader

thanks
mahomed, I had trouble when I first started using Renko candles on the setup. They are very tricky to set up and can be confusing for someone not familiar with them. As the manual says, you'll need to first load a one minute chart, which is the live chart that Renko is getting its information from. The manual thet Mr. Nims wrote is very well written and anyone that hasn't installed Renko before should read it and re-read it to learn how to get the Renko candles working. Of course, you have to install the template onto the 2 minute chart, also.
  • #32
  • May 25, 2010 7:54am May 25, 2010 7:54am
Quoting paradoxical
mahomed, I had trouble when I first started using Renko candles on the setup. They are very tricky to set up and can be confusing for someone not familiar with them. As the manual says, you'll need to first load a one minute chart, which is the live chart that Renko is getting its information from. The manual thet Mr. Sims wrote is very well written and anyone that hasn't installed Renko before should read it and re-read it to learn how to get the Renko candles working. Of course, you have to install the template onto the 2 minute chart, also.

Thanks Paradoxical.

I am having difficulty setting up the m2. I am not sure where on metatrader i can find the renko live chart. I have saved the file in the experts folder
  • #33
  • May 25, 2010 8:02am May 25, 2010 8:02am
Quoting mahomed
Thanks Paradoxical.

I am having difficulty setting up the m2. I am not sure where on metatrader i can find the renko live chart. I have saved the file in the experts folder
are you sure you have read all the manual?. its all there together with images to help you picture out what mr.nims is talking about.
  • #34
  • May 25, 2010 8:20am May 25, 2010 8:20am
Will follow with interest
  • #35
  • May 25, 2010 8:42am May 25, 2010 8:42am
Quoting mahomed
Thanks Paradoxical.

I am having difficulty setting up the m2. I am not sure where on metatrader i can find the renko live chart. I have saved the file in the experts folder
If you saved it there, Renko Live chart v 3.2 should appear under "Expert Advisors". From there, you attach it to the ONE minute chart (not the two minute one)
After you do that and load a 2 minute chart according to the manual, you attach the template to the 2 minute chart.
All I can think of is maybe you didn't close out the metatrader program and restart, and that's why you don't see the renko live chart. If you'd like, PM me privately & I'll see what I can do to help you.
  • #36
  • May 25, 2010 10:04am May 25, 2010 10:04am
As i understand, we would have 1 short here this a.m.--no longs but getting close to buy zone (macd flip) thanks, Interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 sell.gif Size: 25 KB
  • #37
  • May 25, 2010 10:13am May 25, 2010 10:13am
Quoting nimmu1982
NOTEs:
1. Please change the MACD to 10,20,5 for solid intraday trades.
2. Use 5,10,2 for scalping trades.

Also remember the Zero line for buy/sell

Two small test trades today using 5,10,2 on long trades on EUR/JPY and GBP and both hit 10 pips in a matter of about 10 minutes.

I like the visual on this and trading when MAC is above/below zero and the candle is outside the line, along with the other indicators. Probably could have gotten more pips.
  • #38
  • May 25, 2010 10:24am May 25, 2010 10:24am
I have loaded one more chart with different MACD setings and arrows are completly diffarant then on the chart I have on for the morning. Anybody would know why?
sasa
  • #39
  • May 25, 2010 10:31am May 25, 2010 10:31am
There should be one more long, where line is.
Right?
Sasa

Quoting stifland
As i understand, we would have 1 short here this a.m.--no longs but getting close to buy zone (macd flip) thanks, Interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 25 KB
  • #40
  • May 25, 2010 10:43am May 25, 2010 10:43am
well, i think we take no longs if macd below zero, regardless if heading up?
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