Ichimoku - RENKO | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Renko and Ichimoku Cloud Cross 132 replies

RENKO Trading SYSTEM - RENKO Indicators 7 replies

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

Sticky Renko Charts 5 replies

VTTrader: Moving Average on a Renko chart with VT trader 5 replies

Attachments: Ichimoku - RENKO
Exit Attachments

Ichimoku - RENKO

  • #141
  • May 19, 2011 9:16am May 19, 2011 9:16am
Guys, I have 2 questions for you. I am a bit confused at the moment... :S

1. Why do some bricks have extra large wicks? I mean, instead of a huge wick, a new brick should be formed, shouldn't it?

2. Why does my Renko chart look different when changing the timeframe of the original online chart?

I am attaching pictures so that you can see what I am talking about.

Thanks a lot!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5min.JPG Size: 100 KB
Click to Enlarge Name: 1min.JPG Size: 100 KB
Attached Image
  • #142
  • May 19, 2011 9:17am May 19, 2011 9:17am
Ohh, and check out the QQE indicator, I think it gives quite good entry signals. Let me know what you think about it.

Regards,
Csabi
Attached File(s)
File Type: ex4 QQE ADV.ex4   4 KB | 867 downloads
  • #143
  • May 19, 2011 9:39am May 19, 2011 9:39am
csabz90

i use 1 min timeframe chart with renko 3.2
  • #144
  • May 19, 2011 9:41am May 19, 2011 9:41am
Quoting csabz90
Guys, I have 2 questions for you. I am a bit confused at the moment... :S

1. Why do some bricks have extra large wicks? I mean, instead of a huge wick, a new brick should be formed, shouldn't it?

2. Why does my Renko chart look different when changing the timeframe of the original online chart?

I am attaching pictures so that you can see what I am talking about.

Thanks a lot!

Renko was designed for 1 min chart. By changing time frame you are changing data. You must leave it on 1 min chart. As for the extra long wicks, try closing the charts and redoing them and see what happens. Also if you have a 5 digit broker, you have to add a zero on block size (5 pip block set it to 50)



GF.................
I AM WHAT I AM, AND THATS ALL THAT I AM
  • #145
  • May 19, 2011 10:04am May 19, 2011 10:04am
Wow, I went out for a 20 minute running, and I already have 2 valuable answers. Thanks guys really...

Csabi
  • #146
  • May 19, 2011 10:05am May 19, 2011 10:05am
Ok Guys all your comments and input are great.
Due to personal circumstances, travel etc my input here is going to be a bit erratic but I'm counting on you all to keep things going.
We can only benefit from each others experiences, trading is a tough business I'm sure we all know that.
I hope there's one thing we can gain from this thread before its inevitable demise, and that's an agreed plan on the best Renko/Ichimoku strategy that gets us the best results, I know we're never going to find that 'holy grail' but maybe we can all together take a step closer to it.
Goldflight and Bobbye you seem to be the leading influences here with some great trading ideas so maybe we can all figure out the best strategy...until then happy pipping!
  • #147
  • May 20, 2011 6:58am May 20, 2011 6:58am
Managed to take a few pips out of eu today
Attached Image (click to enlarge)
Click to Enlarge Name: f.gif Size: 22 KB
  • #148
  • May 20, 2011 3:48pm May 20, 2011 3:48pm
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 forex1962,

Could you attache this template and indis ? If it possible, I would like to test it on 5, 10, 20 pip renko charts

Thanks a lot !

Viatoris
  • #149
  • May 21, 2011 1:06pm May 21, 2011 1:06pm
Quoting tommbstone
I think thats all of it. an ea off this would be good.

oh you'll have to go into zb-cloudmatrix and change the show arrows to true.

All of this is from Z's thread where he is using range bars instead of renko. same thing I just like the renko ea better than the rangbars

I like renko wiks off and i'm using RenkoLiveChart_v3.3
humm none of my indys or templet attached to my post. weird
  • #150
  • May 23, 2011 4:02pm May 23, 2011 4:02pm
Can someone tell me how to get a renko chart in MT4?
There is no option availble in MT4 for it
  • #151
  • May 23, 2011 5:05pm May 23, 2011 5:05pm
Saw you guys playing around with this for a while and it might have some potential, so i quick coded an ea for it (saw a couple of people requesting it?)

Which one to use
There are 2 versions: one merged with the great pipdefender trade management system, the other one without it. If you want to use the one with pipdefender, make sure you have all those libraries installed (just google pipdefender, download & install it and you should be good). I think it might add something to the bot, as it enables it to 'protect' pips.

If you don't want to get confused, I recommand using the 'without pipdef' EA.

What it does
What it does: it looks at the ZB-CloudMatrix indicator (so you should have that one), if it's green it takes a long, if it's red a short, and if if becomes grey or the opposite colour again it closes the trade.

Settings
Some basic settings
Tekan, Kijun, Senkou, tp & sl speaks for themselves. If you don't want tp or sl set both values very high. You shouldn't have to bother about MagicNumber.

I quickly added a trend check with the RSI, if its > 55 then trend is up, if it's lower then 45 then trend is down. Dunno if it's usefull, you can set it to false if it's rubbish. (yes, i did steal that idea from SteveHopwood, and yes i did steal that smiley from him )


I think it might have some potential (although it backtests quite bad, haven't been playing with the settings yet), up to you guys to give it a test and think of improvements that can be made.

Don't use it live by the way, might be full of bugs and stuff
Attached File(s)
File Type: mq4 Ichimoku EA.mq4   31 KB | 713 downloads
File Type: mq4 Ichimoku EA - without pipdef.mq4   5 KB | 649 downloads
  • #152
  • May 24, 2011 5:06am May 24, 2011 5:06am
Hello,

Nice thread but it seems like a sleeping peoples here

What brick size ru using and how do u avoid bad signals. like today's market and yesterday's market after london open was very slow and in tight range, any filter to avoid those false signals??? I am testing Advanced ADX to filter my entries it is doing good but not perfect.

Good Luck

pip26

Quoting forex1962
Managed to take a few pips out of eu today
  • #153
  • May 25, 2011 10:30pm May 25, 2011 10:30pm
I am looking for alert on MA 1 crossing MA 3 which are both on AO indicator. Can someone help me get this. Thanks
  • #154
  • May 25, 2011 11:29pm May 25, 2011 11:29pm
Quoting tommbstone
humm none of my indys or templet attached to my post. weird
ok trying again
Attached File(s)
File Type: ex4 ZB-CloudCandles.ex4   8 KB | 971 downloads
File Type: ex4 ZB-CloudLines.ex4   7 KB | 914 downloads
File Type: ex4 ZB-CloudMatrix.ex4   8 KB | 1,035 downloads
File Type: tpl zb-cloud41224.tpl   3 KB | 907 downloads
  • #155
  • May 26, 2011 7:05am May 26, 2011 7:05am
Quoting esquire
Saw you guys playing around with this for a while and it might have some potential, so i quick coded an ea for it (saw a couple of people requesting it?)

Which one to use
There are 2 versions: one merged with the great pipdefender trade management system, the other one without it. If you want to use the one with pipdefender, make sure you have all those libraries installed (just google pipdefender, download & install it and you should be good). I think it might add something to the bot, as it enables it to 'protect' pips.

If you don't want...
Hi, esquire

Thank you for sharing the EA. Should I attach it to the M2 offchart or to M1? Does it open 0.01 lots or decides in line with MM principles built within?

Best regards,
  • #156
  • May 26, 2011 8:49am May 26, 2011 8:49am
The EA doesn't seem to trade - is there a setting for lot sizes as I don't have a micro account?
  • #157
  • May 27, 2011 3:27am May 27, 2011 3:27am
Quoting clocksley
The EA doesn't seem to trade - is there a setting for lot sizes as I don't have a micro account?
Here is a newer version. Added the option to change lotsize. Some other changes:

- Added the indicator into the ea (so you don't need to have the cloudmatrix indi anymore)
- Added UseSimonTrend & settings. Does prevent you from taking some bad trades, suggest to set this to true and set UseRsiTrend to false. the ma_shift & BarsPeriod can be left as they are, TimeFrame setting can be adjusted to what you think is good. I suggest you change this according to the renko bars you use. Small bars = small timeframe, big bars = bigger timeframe.
-Also added the CloseAtGray. Set this to false makes sure the trade is only closed when an oposite signal is given. If you set this to true the trade will already be closed when the trade goes into the cloud.

Yes, can be loaded on any chart you want (M1, M2, M30 etc.) Use it as you prefer

Still backtests like crap, someone has some ideas to improve the trading? Any suggestions welcome!

You can also use it just to enter trades & close it manually, which might enable you to take better profits & cut losses sooner.
Attached File(s)
File Type: mq4 Ichimoku EA - without pipdef.mq4   8 KB | 700 downloads
  • #158
  • May 27, 2011 11:06am May 27, 2011 11:06am
Quoting esquire
Here is a newer version. Added the option to change lotsize. Some other changes:

- Added the indicator into the ea (so you don't need to have the cloudmatrix indi anymore)
- Added UseSimonTrend & settings. Does prevent you from taking some bad trades, suggest to set this to true and set UseRsiTrend to false. the ma_shift & BarsPeriod can be left as they are, TimeFrame setting can be adjusted to what you think is good. I suggest you change this according to the renko bars you use. Small bars = small timeframe, big bars = bigger timeframe.
-Also...
Thank you Esquire for EA .. I found in EA that Simon Trend function (wrong period of MA) needs to be updated ..

From:
double ma_50 = iMA(Symbol(),TimeFrame,50,0,MODE_EMA,PRICE_CLOSE,0 + a);
double ma_35 = iMA(Symbol(),TimeFrame,35,0,MODE_SMA,PRICE_CLOSE,0 + a);
double ma_21 = iMA(Symbol(),TimeFrame,10,0,MODE_SMA,PRICE_CLOSE,0 + a);
double ma_10 = iMA(Symbol(),TimeFrame,10,0,MODE_EMA,PRICE_CLOSE,0 + a);

To:
double ma_50 = iMA(Symbol(),TimeFrame,50,0,MODE_EMA,PRICE_CLOSE,0 + a);
double ma_35 = iMA(Symbol(),TimeFrame,35,0,MODE_SMA,PRICE_CLOSE,0 + a);
double ma_21 = iMA(Symbol(),TimeFrame,21,0,MODE_SMA,PRICE_CLOSE,0 + a);
double ma_10 = iMA(Symbol(),TimeFrame,10,0,MODE_EMA,PRICE_CLOSE,0 + a);
  • #159
  • May 27, 2011 11:39am May 27, 2011 11:39am
Quoting altoronto
Thank you Esquire for EA .. I found in EA that Simon Trend function (wrong period of MA) needs to be updated ..
Thanks foor looking through my code. It's a bit rubbish i guess

Your adaption isn't really needed by the way, was trying out some things with 21 & 10 ma but that didn't worked out yet, so only the 35 & 50 are used

Tried to do some search on an ichi EA by the way and there aren't many around, probably with good reasons. Ichimoku is great, but not for an ea (yet), we still need something to make it from 'around breakeven' to 'awesome pips'. Still hoping some of the more 'ichi-experienced traders' can give away some clues

Have a nice weekend!
  • #160
  • Aug 13, 2011 6:13am Aug 13, 2011 6:13am
Hi all,

I've just discovered this site and have been looking at Ichimoku postings.

Here's something that works well for me:

I trade "traditional" Ichi on 3-minute bar charts using all the lines and cloud support-resistance for entry.

HOWEVER, I also have the Ichi running on a 5-minute chart on the same screen. The 5-min sets the [u]trend[u].

If price on the 5 is above the cloud, I only look for long setups on the 3-minute.

If price on the 5-minute is below the cloud, only shorts on the 3.

This works very well in all the markets I trade.

Good luck to all,

Bill M
0 traders viewing now