Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Renko strategy for price action 20 replies

RENKO Trading SYSTEM - RENKO Indicators 7 replies

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

renko strategy in ranging markets? 1 reply

Renko strategy testr problems 1 reply

Attachments: Goldflight's RENKO strategy
Exit Attachments

Goldflight's RENKO strategy

Quoting praondevou
Hi Goldflight,

I'm glad I stumbled upon your RENKO thread, it really helps to stay in the trades as long as possible. (like yesterday for example )
From what I understand you are not the programmer of the renko indicator, or are you? Do you think it would be possible to show Highs and Lows on the past Renko Bars too? I know it can be seen on the original one minute chart, but I thought it would be interesting to see the High and Low the price went to during one Renko bar. What do you think?

I think from a programmers perspective this should...

Hi praondevou, Sorry im not the programer of the renko indie. But there are many top notch programers on FF that may be able to help you out. Glad you like what you see, and i hope you will stick around and let me know how you are doing.

HAPPY PIPPING..............
I AM WHAT I AM, AND THATS ALL THAT I AM
Hi,

do you mean you want the candle wicks?

Cheers.

Nick


Quoting praondevou
There is actually something similar, but it's the other way around.
I wanted the Highs and Lows on the Renko chart.

http://codebase.mql4.com/6447

regards
Hi Nick,

yes , this is what I meant, Renko charts with candle wicks, indicating price minimum and maximum for the renko candle period.
The indicator "renko on chart" from my second post is actually doing it, but it shows min and max on the main chart....

cheers

Goldflight, thanks for answering, really the renko is helping a lot...
which script or version of Renko are you using?


Quoting praondevou
Hi Nick,

yes , this is what I meant, Renko charts with candle wicks, indicating price minimum and maximum for the renko candle period.
The indicator "renko on chart" from my second post is actually doing it, but it shows min and max on the main chart....

cheers

Goldflight, thanks for answering, really the renko is helping a lot...
Nick, its this one (attached):

RenkoLiveChart_v2.1.mq4
Attached to 1M chart and then opening M3 of the same symbol shows the renko chart...

The other one I was talking about is:
RenkoShade2_3.mq4 (thats the other way around)

by the way, I have some knowledge in programming, but this looks quite complicated... :-/

regards
Attached Files
File Type: mq4 RenkoLiveChart_v2.1.mq4   9 KB | 339 downloads
File Type: mq4 RenkoShade2_3.mq4   20 KB | 460 downloads
If you wish you can send me your email and I will send you something that might help.

Cheers.

Nick


Quoting praondevou
Nick, its this one (attached):

RenkoLiveChart_v2.1.mq4
Attached to 1M chart and then opening M3 of the same symbol shows the renko chart...

The other one I was talking about is:
RenkoShade2_3.mq4 (thats the other way around)

by the way, I have some knowledge in programming, but this looks quite complicated... :-/

regards
Nick,

thanks for the offer, but as a junior member I can't e-mail you.

Is it possible for you to post it here?

Attached you find an example, I found this on another forum (not sure if I can post it here, it's called "Mr Nims renko ashi trading system 2", but it doesn't work, maybe because the market is closed now... So I have to wait until sunday.

Cheers
Attached Image
Quoting praondevou
Do you think it would be possible to show Highs and Lows on the past Renko Bars too? I know it can be seen on the original one minute chart, but I thought it would be interesting to see the High and Low the price went to during one Renko bar.
RenkoLiveChart_v3.2 EA has an option to show the wicks. Use that instead of RenkoLiveChart_v2.1 if you want to see wicks.

http://cdn.forexfactory.com/attachme...6&d=1265468423
Xaphod,

thanks, I had this one, I had it downlaoded to my Expert folder, I attached it to the chart (ShowWicks = True), started the expert, opened the corresponding renko offline chart, but it doesn't show the wicks. I will do some research to see if someone else had this problem.

Thanks anyway :-)

regards
  • Post #390
  • Quote
  • Edited at 9:40pm Jan 16, 2011 1:43am | Edited at 9:40pm
Quoting praondevou
thanks, I had this one, I had it downlaoded to my Expert folder, I attached it to the chart (ShowWicks = True), started the expert, opened the corresponding renko offline chart, but it doesn't show the wicks. I will do some research to see if someone else had this problem.
It works on my MT4 installations. If you are trying it out on the weekend, then it will not work as an EA because there are no ticks being received. You have to generate simulated ticks to get it to run. Here is a script that will do that:
http://www.forexfactory.com/showpost...4&postcount=43
or use this program to generate simulated ticks:
http://forum.mql4.com/27100

Other debugging alternatives:
1. Try deleting the history file generated if you have used the offline timeframe before.
2. Maybe your copy is defective. Try downloading another copy from the source: http://www.forexfactory.com/showpost.php?p=3151173
Xaphod,

thanks a lot man, the tick simulator solved my problem. So now I understand why it didn't work on the weekend. No tick - no EA.

This was EXACTLY what I was looking for. :-)

regards
Hi Goldflight/All

been reading through this thread for some time now and been trying out the methodology in a small live account.

I have recently though added the ADX(10) main signal back to be shown.

When this is also above 40 there is a good chance that the trend will hold, below it there seems to be ranging.

Although conventional ADX thinking is over 25 and we are in a trending set-up for Renko it appears to be much higher.

For me it is working well so I thought I would just share to see what anyone else has found.

Regards
John
Quoting jmw1970
Hi Goldflight/All

been reading through this thread for some time now and been trying out the methodology in a small live account.

I have recently though added the ADX(10) main signal back to be shown.

When this is also above 40 there is a good chance that the trend will hold, below it there seems to be ranging.

Although conventional ADX thinking is over 25 and we are in a trending set-up for Renko it appears to be much higher.

For me it is working well so I thought I would just share to see what anyone else has found.

Regards
John

Hi jmw1970,
Yes you are right. On renko charts above 40 level line seems to work the best. Glad this is working for you. Keep posting your findings.

HAPPY PIPPING...............
I AM WHAT I AM, AND THATS ALL THAT I AM
Hi GoldFlight, sorry, but how did you set your parameter, to work fine wuth mt4 5 digits? Instead boxsize 8, you put 80? Thank you.
Has anyone tried the much simpler Renko system that crosses the gold channel posted on the first couple of pages? This system seems to want to add all the indicators included in MT4. That combined with some who want to drum up business for mentoring and this thread is tedious. Anyone trying the simpler Renko system?
Quoting astom
Hi GoldFlight, sorry, but how did you set your parameter, to work fine wuth mt4 5 digits? Instead boxsize 8, you put 80? Thank you.

Hi astom, Yes, for 5 digit broker you must add a zero.
I AM WHAT I AM, AND THATS ALL THAT I AM
Hi folks,

I found an interesting indicator in another thread. It seems to work really great with renko. Change the inputs to 18 - 5 - 0 - 100 and have a look at it! In my opinion it produces great entries. (Buy or sell trade if the lines cross each other.)

Best regards!
Attached File
File Type: ex4 Delta.ex4   3 KB | 488 downloads
Quoting Meister81
Hi folks,

I found an interesting indicator in another thread. It seems to work really great with renko. Change the inputs to 18 - 5 - 0 - 100 and have a look at it! In my opinion it produces great entries. (Buy or sell trade if the lines cross each other.)

Best regards!

Thank you Meister81, I will put this indie on my chart and give it a try.
Happy Pipping....................
I AM WHAT I AM, AND THATS ALL THAT I AM
Quoting Dreamliner
Has anyone tried the much simpler Renko system that crosses the gold channel posted on the first couple of pages? This system seems to want to add all the indicators included in MT4. That combined with some who want to drum up business for mentoring and this thread is tedious. Anyone trying the simpler Renko system?

Yes i have tried many indies with this system. But i'm sure that is what FF is for, to try different things to make a system better. As stated in a previous post i have settled on 2 EMA's and 2 indies.

As for this "some who want to drum up business for mentoring" If this was aimed at me, I take offense at this statement. I have never once tried to sell anything. I am only trying to make a profitable system and help others to make some money also.
I AM WHAT I AM, AND THATS ALL THAT I AM
To me, adding indicators to a renko chart is counterproductive. The whole purpose of renko is to simplify price action direction irrespective of time. Adding indicators, especially ones that are intendend for time based charts, may lead to confusion. It is my belief that renko charts are a tool that is best used without add ons.
0 traders viewing now