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The Rockenbach System

  • #41
  • Sep 22, 2011 2:49pm Sep 22, 2011 2:49pm
  •  Frv
  • | Joined Dec 2010 | Status: Keep working and you will get there | 77 Posts
Quoting Peteday
Did this trade trade lose FRV ?
Yes Pete
" Keep walking and you will get there "
  • #42
  • Sep 23, 2011 3:51am Sep 23, 2011 3:51am
Just wanted to make sure i was understanding you correctly im interested in Renko and also think its got some hope too thanks Frv for sharing your idea
  • #43
  • Edited 1:19pm Sep 23, 2011 12:10pm | Edited 1:19pm
  •  Frv
  • | Joined Dec 2010 | Status: Keep working and you will get there | 77 Posts
Quoting Peteday
Just wanted to make sure i was understanding you correctly im interested in Renko and also think its got some hope too thanks Frv for sharing your idea

Thanks Pete...2 good ones today...following new rules updated today ( 7 pips brick )....eur/usd 09-23
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 23-09.GIF Size: 53 KB
" Keep walking and you will get there "
  • #44
  • Sep 23, 2011 12:28pm Sep 23, 2011 12:28pm
Hmm .. i swore i saw 15 pips renko blocks from first post .. now its 7 pips ? .. it was 25 way in the beginning right ? .. so 7 is the latest change now ?

Alright then , gonna test with this latest setup . Looking forward to making pips ! .. Cheers !
You gotta know when to hold 'em, know when to fold 'em ...
  • #45
  • Edited 1:43pm Sep 23, 2011 1:24pm | Edited 1:43pm
  •  Frv
  • | Joined Dec 2010 | Status: Keep working and you will get there | 77 Posts
Quoting nitrate73
Hmm .. i swore i saw 15 pips renko blocks from first post .. now its 7 pips ? .. it was 25 way in the beginning right ? .. so 7 is the latest change now ?

Alright then , gonna test with this latest setup . Looking forward to making pips ! .. Cheers !
Hi nitrate....yes....I changed, so now we have a better entry .... and with the new money management, we have a more sharp strategy...please tell me how you doing....
" Keep walking and you will get there "
  • #46
  • Sep 23, 2011 7:37pm Sep 23, 2011 7:37pm
Quoting Frv
Hi nitrate....yes....I changed, so now we have a better entry .... and with the new money management, we have a more sharp strategy...please tell me how you doing....
FRV, since people are confused as to which brick size you are using, can you clarify? Are you using 15 now?

Also, what is your new money management?

Thank you.
  • #47
  • Sep 23, 2011 11:09pm Sep 23, 2011 11:09pm
  •  Frv
  • | Joined Dec 2010 | Status: Keep working and you will get there | 77 Posts
Quoting Dreamliner
FRV, since people are confused as to which brick size you are using, can you clarify? Are you using 15 now?

Also, what is your new money management?

Thank you.

Hey Dreamliner, good to know that you are here ..... I did two updates, and already apologized to members who had already read, but was for good.... the size of the bricks are 7 pips .... I still eliminating the noise, but have a sharp entry.
Money management is 1:3 .... SL is 20 pips and TP of 60 ...these numbers better apply on the bricks of 7 pips. I use leverage 1:200... because the key of the strategy is to use the same capital that result from the previous trade, winning or losing (compounding)... when you win, win 1, when you lose, lose 1/3 ...in a strategy with at least 50/50, well, you already must have understood the concept of my strategy...I appreciate your interest...
" Keep walking and you will get there "
  • #48
  • Sep 24, 2011 2:52am Sep 24, 2011 2:52am
Quoting Frv
Hey Dreamliner, good to know that you are here ..... I did two updates, and already apologized to members who had already read, but was for good.... the size of the bricks are 7 pips .... I still eliminating the noise, but have a sharp entry.
Money management is 1:3 .... SL is 20 pips and TP of 60 ...these numbers better apply on the bricks of 7 pips. I use leverage 1:200... because the key of the strategy is to use the same capital that result from the previous trade, winning or losing (compounding)... when you win, win 1, when you lose, lose...
hi, thanks for the strategy.... do you take the trades in any particular session or you monitor the trade 24hours? also do you take the trade only with trendline breakouts or also on moving average crossovers....

I think it would be good if you post some of yours trade charts so we can understand the entry points....
  • #49
  • Sep 24, 2011 10:37am Sep 24, 2011 10:37am
  •  Frv
  • | Joined Dec 2010 | Status: Keep working and you will get there | 77 Posts
Quoting reachjj
hi, thanks for the strategy.... do you take the trades in any particular session or you monitor the trade 24hours? also do you take the trade only with trendline breakouts or also on moving average crossovers....

I think it would be good if you post some of yours trade charts so we can understand the entry points....

Hello reachjj.... if you read the whole post of my strategies, you will see that it is based on these two points, MA's crossover and PA (broken trend lines, support and resistance, etc ...) And the best hours ... to operate would be NY and London, which is when the action happens ...
Right in the front page, you will see a image with two great setups that happened yesterday
" Keep walking and you will get there "
  • #50
  • Sep 26, 2011 11:41am Sep 26, 2011 11:41am
  •  Frv
  • | Joined Dec 2010 | Status: Keep working and you will get there | 77 Posts
I missed that in the opening
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD 09-26.JPG Size: 146 KB
" Keep walking and you will get there "
  • #51
  • Sep 29, 2011 6:55am Sep 29, 2011 6:55am
Hello all,

Just stumbled upon this thread. It looks very interesting. Not much chatter the last couple of days.

I had a question on time frames. FRV...are you using all TFs?
  • #52
  • Sep 29, 2011 7:47am Sep 29, 2011 7:47am
Quoting spyderman
Hello all,

Just stumbled upon this thread. It looks very interesting. Not much chatter the last couple of days.

I had a question on time frames. FRV...are you using all TFs?
The Renko bars don't have a time frame. You create the offline chart as a 2m chart, but I think that's arbitrary, it can be anything that doesn't already exist in MT4 (3m, 4m, 6m, etc).

The bars are only formed when price moves a certain number pips in either direction. It can take 5 seconds or 5 hours to make a new bar.
  • #53
  • Sep 29, 2011 7:52am Sep 29, 2011 7:52am
Quoting celticheart
The Renko bars don't have a time frame. You create the offline chart as a 2m chart, but I think that's arbitrary, it can be anything that doesn't already exist in MT4 (3m, 4m, 6m, etc).

The bars are only formed when price moves a certain number pips in either direction. It can take 5 seconds or 5 hours to make a new bar.
Okay... I think I get that... you're saying it doesn't matter on TF cuz we're just following pip movement in blocks of 7...hmmmm
but when I change the TF on the M1 it changes the M2 as well. So which is the best one to look at.
  • #54
  • Sep 29, 2011 7:54am Sep 29, 2011 7:54am
Quoting spyderman
Okay... I think I get that... you're saying it doesn't matter on TF cuz we're just following pip movement in blocks of 7...hmmmm
but when I change the TF on the M1 it changes the M2 as well. So which is the best one to look at.
The ea calculates the Renko bars according to the M1 chart. So open an M1 chart, load the ea, then just minimize it but leave it running (don't change the timeframe on it or it will mess up the Renko bars). Then open your offline M2 renko chart and use that one.
  • #55
  • Sep 29, 2011 8:02am Sep 29, 2011 8:02am
Looks like an interesting system Frv, will give it go and see..
  • #56
  • Sep 29, 2011 8:06am Sep 29, 2011 8:06am
Would be great to see some trade/setup pics posted for those following who are more familiar with Renko so we noobies could make sure we're seeing the right thing
  • #57
  • Sep 29, 2011 8:13am Sep 29, 2011 8:13am
Okay here's a couple of questions on the attached G/U.

First off would this have been a valid trade setup. Trendline broken, 4 mas coming together, etc.

If yes then we enter short. Now is general we have a 20 pip s/l with a 60 pip t/p. So if the trade goes up 35 pips or so like it did here and then retraces, so we just stay in till either s/l or t/p is hit or are there any other exit times?

Thanks
  • #58
  • Sep 29, 2011 8:57am Sep 29, 2011 8:57am
Quoting spyderman
Okay here's a couple of questions on the attached G/U.

First off would this have been a valid trade setup. Trendline broken, 4 mas coming together, etc.

If yes then we enter short. Now is general we have a 20 pip s/l with a 60 pip t/p. So if the trade goes up 35 pips or so like it did here and then retraces, so we just stay in till either s/l or t/p is hit or are there any other exit times?

Thanks
I got a great idea. How about if I post the pic this time.
Attached Image (click to enlarge)
Click to Enlarge Name: G-U scrn.jpg Size: 163 KB
  • #59
  • Sep 29, 2011 10:46am Sep 29, 2011 10:46am
Is this a setup waiting to happen...
Attached Image (click to enlarge)
Click to Enlarge Name: G-U scrn.jpg Size: 173 KB
  • #60
  • Sep 29, 2011 12:45pm Sep 29, 2011 12:45pm
  •  Frv
  • | Joined Dec 2010 | Status: Keep working and you will get there | 77 Posts
Quoting spyderman
Is this a setup waiting to happen...
Hi spyder .... yes this is the concept of entrategy .... you enter using PA (broken trend, support and resistance .... etc) and yes, you expect your SL and the TP being hit .... maybe you can try a SL / TP largest as 25/75...and with 30 or 40 pips you go to break even ....tks for post, keep posting results...good pips
" Keep walking and you will get there "
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