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Attachments: Ichimoku - RENKO
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Ichimoku - RENKO

  • #21
  • Edited 11:49am May 14, 2011 11:07am | Edited 11:49am
Hey, Forex1965, thanks for the thread.

Hello Bobbye great input. Does your goldminer repaint? I see you got
three indis on your chart, but potsted two. What it the third one?

Sorry Bobbye, I've got the answer.




Quoting bobbye
Hello glad someone else uses renko ... Here is what i am testing ,indicatores are attached ..

Rules : Sell

if in down trend (grey arrow)
i will only take sell signals ( red arrows)

stoploss when price closes out side grey dotted line , or when green arrow appears. (emergency stop at 50 pips)

take profit : When i hit 20 pips i will close 1 position and move the other position to breakeven , and collect profit at 40 pips .

Rules : Buy

if in up trend (green arrow)
i will only take buy signals ( pink arrows)

stoploss when price closes...
  • #22
  • May 14, 2011 11:11am May 14, 2011 11:11am
Hey Gold Flight, long time. Nice to see you again.

Great chart there, but I think you could enter earlier. The exit strategy on the reverse block is great. There is no need shooting for 100pips per trade, 20 to 40 pips a day is just too good. In this game one can rich slowly, but fast.





Quoting Goldflight
Still tinkering. Below cloud, below 20 simple high/low chanel SHORT ONLY.
Above cloud, above 20 simple high/low chanel LONG ONLY.

20 pip block
Add Bill Williams AWSOME INDIE, Put on EMA'S 1 and 3, Take trades only when 1 EMA crosses 3 EMA.

Green lines is where you take trade, Red lines NO TRADE.
  • #23
  • May 14, 2011 11:46am May 14, 2011 11:46am
Hi Maxwell
Good to hear from you, did you get my PM?
  • #24
  • May 14, 2011 11:50am May 14, 2011 11:50am
Sure,

I responded. Check your mail

Thanks

Quoting forex1962
Hi Maxwell
Good to hear from you, did you get my PM?
  • #25
  • May 14, 2011 1:30pm May 14, 2011 1:30pm
I like the look of this will try it at London open.
Attached Image (click to enlarge)
Click to Enlarge Name: ich.gif Size: 37 KB
  • #26
  • May 14, 2011 4:08pm May 14, 2011 4:08pm
gold flight i like your template , i will give it a try using 5 pip blocks on monday.

maxwell , the goldminer arrows are valid once the block has been completed and the next block starts .. so i wait for a complete box with a goldmine arrow and enter on the next block ..

i am trying this system becouse it keeps me out of ranging periods most of the time ...

EXAMPLE IN PICTURE:
1) GREEN ARROW , TELLING ME ONLY BUY ... NO ENTRY ARROWS POPED UP

2) GREY ARROW , TELLING ME ONLY SELL SIGNALS ...NO ENTRY ARROWS POPPED UP

3) GREEN ARROW , TELLING ME ONLY BUY ....ENTRY ARROW POPED UP ON THE SAME BAR OF THE GREEN ARROW .. YES I WOULD OF TAKEN THIS TRADE

4) GREY ARROW ... BUT NO ENTRY ARROW ........
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO MIN 5C.jpg Size: 102 KB
  • #27
  • Edited May 15, 2011 1:57am May 14, 2011 5:37pm | Edited May 15, 2011 1:57am
Bobbye, do you only use a 5 pip box?
Goldflight what stop are you using?
  • #28
  • May 15, 2011 2:20am May 15, 2011 2:20am
FOREX1962 yes i am trying 5 pip box for now,

from monday i will be shownig all my trades live using renko chart ...
here is the link on live stream http://www.livestream.com/sognoforex

i will try 5 pip box for this week and see how it goes.
  • #29
  • May 15, 2011 3:59am May 15, 2011 3:59am
I can't get the Renko to show on MT4. I apply the indicator but nothing happens.
Get money, don't let money get you. @kauaiforex
  • #30
  • May 15, 2011 4:07am May 15, 2011 4:07am
Quoting NoJobRob
I can't get the Renko to show on MT4. I apply the indicator but nothing happens.
Have you enabled dll imports?
  • #31
  • May 15, 2011 4:33am May 15, 2011 4:33am
Quoting forex1962
Have you enabled dll imports?
I have now. LOL I'm having a different problem now though. I copied and pasted the MQ4 file into Crogram Files/metatrader/experts/indicators and then restarted MT4 like I always do, but it doesn't show up under custom indicators. Any ideas?
Get money, don't let money get you. @kauaiforex
  • #32
  • May 15, 2011 4:38am May 15, 2011 4:38am
Nevermind, I got that last one solved, however I still can't get the renko to show up. Sorry for being "that guy" LOL I'm usually on top of my game.
Get money, don't let money get you. @kauaiforex
  • #33
  • May 15, 2011 4:39am May 15, 2011 4:39am
Quoting NoJobRob
I have now. LOL I'm having a different problem now though. I copied and pasted the MQ4 file into Crogram Files/metatrader/experts/indicators and then restarted MT4 like I always do, but it doesn't show up under custom indicators. Any ideas?
If you're using the EA (in the first post) you need to drop it in the Crogram Files/metatrader/experts folder, it will then be under the experts tab, not in the custom indicators folder.
Only if your using the indicator version would you put it in Crogram Files/metatrader/experts/indicators.

If you're still having problems let me know..
  • #34
  • May 15, 2011 4:49am May 15, 2011 4:49am
The actual renko isn't showing up but I have RenkoLiveChart v 3.2 in the upper right hand corner. Does the frown mean something is wrong?

http://i71.photobucket.com/albums/i1...hert/Renko.png
Get money, don't let money get you. @kauaiforex
  • #35
  • May 15, 2011 4:59am May 15, 2011 4:59am
Quoting NoJobRob
The actual renko isn't showing up but I have RenkoLiveChart v 3.2 in the upper right hand corner. Does the frown mean something is wrong?

http://i71.photobucket.com/albums/i1...hert/Renko.png
Yes!
I've attached a PDF follow it through step by step that should do it.
Attached File(s)
File Type: pdf Renko EA Set Up.pdf   147 KB | 1,230 downloads
  • #36
  • May 15, 2011 5:06am May 15, 2011 5:06am
Quoting forex1962
Yes!
I've attached a PDF follow it through step by step that should do it.
Awesome. Thank you.
Get money, don't let money get you. @kauaiforex
  • #37
  • May 15, 2011 5:40am May 15, 2011 5:40am
Getting closer. Mine doesn't look like the other ones posted though. I think I have to change the settings of the renko. Mine looks a lot smoother than the others. And, the instructions had me set it up as an offline chart. I went into properties and made it online again though, so hopefully that'll work.

http://i71.photobucket.com/albums/i1...ert/Renko2.png
Get money, don't let money get you. @kauaiforex
  • #38
  • May 15, 2011 5:48am May 15, 2011 5:48am
Quoting NoJobRob
Getting closer. Mine doesn't look like the other ones posted though. I think I have to change the settings of the renko. Mine looks a lot smoother than the others. And, the instructions had me set it up as an offline chart. I went into properties and made it online again though, so hopefully that'll work.

http://i71.photobucket.com/albums/i1...ert/Renko2.png
Nojobrob, the 'offline' chart is not actually offline it is being fed through the original chart which you must keep open, do exactly what the PDF says and you should be fine, gotta go now, back later.
  • #39
  • May 15, 2011 9:29am May 15, 2011 9:29am
seems to look good with Bobbyes 5 pip aswell.....
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 31 KB
  • #40
  • May 15, 2011 12:33pm May 15, 2011 12:33pm
EU charts attached with 5 10 and 20 pip boxes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5.gif Size: 32 KB
Click to Enlarge Name: 10.gif Size: 35 KB
Click to Enlarge Name: 20.gif Size: 31 KB
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