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Attachments: Ichimoku - RENKO
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Ichimoku - RENKO

  • #101
  • May 16, 2011 5:20pm May 16, 2011 5:20pm
Quoting forex1962
Good thanks Bobbye, taking a backseat for the rest of the day, I'm throwing a chart into the mix here, been playing around with the indis.
Going against everything I said here about 'keeping it pure' so all feedback welcome.....what should we keep what should we ignore etc....always easy to see great trades after the event but according to this mix we would have had a great day on eu (using 5 pip box).
hi plz can u attach the tpl and indicators

and what is the size of the renko pox ?

regards
  • #102
  • May 16, 2011 5:26pm May 16, 2011 5:26pm
Quoting maxwell-eqtn
That is exactly what I am talking about. The problem many people don't like Renko is bacause there infinite ways of trading them,.........., it is hard to pick o partycular method.
And that's exactly what I want us all to find out, what is the best way?
  • #103
  • Edited 11:29pm May 16, 2011 7:18pm | Edited 11:29pm
Quoting forex1962
Handy148
To make it as easy as possible:

download the renko live chart v2.1 from the link in the pdf or wherever
install it as an indicator mt>experts>indicators
open a m1 chart attach indi make sure you have allow dll checked
choose the size of your renko box (if you have a 5 digit broker add a 0)
open the offline chart (usually m2)
attach template to offline chart (not really offline as it is being fed from the original chart)
keep both charts running

That is it
Thanks for your explaination,could you pls tell me how to use different 5 10 20 boxes? On my chart there is only 20 pips box


I have got it ,it's so easy ,thanks anyway.
  • #104
  • May 17, 2011 2:01am May 17, 2011 2:01am
good day to all

transmitting all live trades on livestream channel http://www.livestream.com/sognoforex
  • #105
  • May 17, 2011 2:27am May 17, 2011 2:27am
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...
what size renko box's are you using?
I have the feeling these indis may repaint.
but I love simple
  • #106
  • May 17, 2011 2:30am May 17, 2011 2:30am
Quoting whmichael
Thanks for your explaination,could you pls tell me how to use different 5 10 20 boxes? On my chart there is only 20 pips box


I have got it ,it's so easy ,thanks anyway.
hi,

can you let meknow how you change the pip size as i dont seem to have that option!
which menu options to i go to?
If ask a silly question.. forgive me!i'm just confused again!
  • #107
  • May 17, 2011 2:34am May 17, 2011 2:34am
Hello Bobbye and all,
how is everyone doing. I am watching EU/JPY now. I think I have finally decided on what method to use. I have not triggerred a trade yet. I will build charts on different pairs when I get the chance.


Happy trading all.
  • #108
  • May 17, 2011 2:48am May 17, 2011 2:48am
tommbstone i am using 5 pip box , the arrows are considerd valid after the box has completed and the next one starts .. once this happens the arrow will not move anymore .
  • #109
  • May 17, 2011 2:50am May 17, 2011 2:50am
Morning everyone, got a few things to take care of this morning, please evryone keep us posted on trades and methods used, good luck today Guys.
  • #110
  • May 17, 2011 2:51am May 17, 2011 2:51am
Quoting bobbye
tommbstone i am using 5 pip box , the arrows are considerd valid after the box has completed and the next one starts .. once this happens the arrow will not move anymore .
Yes I just read that as i went back and re-read the entire thread.

To be honest.... I freaking love renko but I can't sit in front of my screen all day and night waiting for a signal. I still have a "job"
I also love the range bars with the cloud thingy but I need to sleep. LOL Sometimes living in California can be such a drag.
  • #111
  • Edited 3:09am May 17, 2011 3:04am | Edited 3:09am
Quoting abhaip
hi,

can you let meknow how you change the pip size as i dont seem to have that option!
which menu options to i go to?

HI ,you may set the pip size( box size) in live chart ,click the indicator (2.1chart) and set the boxsize as you want. this box size 5 means 5 pips on offline chart per box.
  • #112
  • Edited 3:21am May 17, 2011 3:05am | Edited 3:21am
yes thats why i hope someone can programm an ea to emplement the method used ...

anyways if you want you can come here in italy and i will come and live in california
  • #113
  • May 17, 2011 3:19am May 17, 2011 3:19am
Hello every one, Good morning .Greetings from China.

Since yesterday I have tied to use this system,looks very interesting.
Thanks for sharing Goldflight and thanks for updating forex1962

I wanna to say ,sometimes the price moves so quickly and I just have no time to finish my order and the chance already go away ,I mean I am using on 5 M chart.maybe on 1 h chart will be better.Do you have any better idea about this?
  • #114
  • May 17, 2011 3:54am May 17, 2011 3:54am
Quoting whmichael
HI ,you may set the pip size( box size) in live chart ,click the indicator (2.1chart) and set the boxsize as you want. this box size 5 means 5 pips on offline chart per box.
hi again. apologies if this seems silly, however is the template the renkolivecharts_v3.2?
if not could you post detaisl of the one your using pls.
regs
If ask a silly question.. forgive me!i'm just confused again!
  • #115
  • May 17, 2011 4:42am May 17, 2011 4:42am
Quoting abhaip
hi again. apologies if this seems silly, however is the template the renkolivecharts_v3.2?
if not could you post detaisl of the one your using pls.
regs

1. put the 2.1livechart.mq4 into : MT4>expert>indicators
2. put the other 3 ex4 file also into : MT4>expert>indicators
3. put the tpl file into MT4>templates
4. open EURUSD live chart ,add 2.1livechart.mq4 onto the chart and make sure DLL selected.Also you can choose boxsize here,such as keep original 5 ,or 50 or else.
5. open offline chart EURUSD m2
6. add the tpl onto the offline chart.

As I am still a junior memeber ,you can see my reply only after 20- 30 minutes .
Attached File(s)
File Type: ex4 1001pips Mini.ex4   8 KB | 676 downloads
File Type: ex4 ichi360v8.ex4   36 KB | 652 downloads
File Type: tpl ichimoku - renko.tpl   16 KB | 702 downloads
File Type: ex4 tf.ex4   3 KB | 642 downloads
File Type: mq4 RenkoLiveChart_v2.1.mq4   9 KB | 835 downloads
  • #116
  • May 17, 2011 4:50am May 17, 2011 4:50am
Hope everyone in this thread understand what and how to trade Renko. Do more readings or even practically apply Renko in your chart so you can understand it. There is no timeframe involved in trading Renko. It is PURE price action. Regards.
  • #117
  • May 17, 2011 4:58am May 17, 2011 4:58am
Quoting abhaip
hi again. apologies if this seems silly, however is the template the renkolivecharts_v3.2?
if not could you post detaisl of the one your using pls.
regs
Abhaip, use the template and indis from post 78, the renko live chart is not the template it simply shows you the renko chart.
Install indis to metatrader>experts>indicators and template to metatrader>templates
Apply these to the 'OFFLINE' chart
That should do it.
  • #118
  • May 17, 2011 7:39am May 17, 2011 7:39am
Hey everybody! I love renko so I decided to jump onboard this thread. Here I have attached another renko script that I got here on ff that maybe somebody will find useful. It has the ability to draw parallel blocks. I prefer this one but there really is no clear advantage or disadvantage. It's just a matter of preference. Maybe someone will like it.
Attached File(s)
File Type: mq4 Renko_Live_Jake_para_real_v5.mq4   15 KB | 738 downloads
File Type: ex4 Renko_Live_Jake_para_real_v5.ex4   14 KB | 575 downloads
  • #119
  • May 17, 2011 10:08am May 17, 2011 10:08am
Not been trading today Guys had some personal business to take care of, Looks like we had some good setups, anyone take any trades?
  • #120
  • May 17, 2011 10:21am May 17, 2011 10:21am
Quoting forex1962
Not been trading today Guys had some personal business to take care of, Looks like we had some good setups, anyone take any trades?

Got some going right now.
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