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RENKO Trading SYSTEM - RENKO Indicators 7 replies

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

Charts, Charts, Charts! 1 reply

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Attachments: Renko Block Charts
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Renko Block Charts

  • #861
  • Quote
  • Oct 25, 2011 10:14am Oct 25, 2011 10:14am
It works for me!

30 days!
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Click to Enlarge Name: stat.jpg Size: 136 KB
  • #862
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  • Oct 25, 2011 10:27am Oct 25, 2011 10:27am
Quoting steve55
Thanks again for your reply.

I wanted to ask what size Renko Bars are you using?

What is your basis on the size of the Renkos Bars you use on your chart?

I also noticed that you mention that you should buy when chart turns BLUE and sell when chart turns RED. I also receive alerts that indicate buy or sells. Do I ignore these alert signals or do they coincide with the BLUE/RED Charts?

Thanks you again!!
1. I use 5 or 13 renko bars

2. They are consistent
  • #863
  • Quote
  • Oct 25, 2011 10:29am Oct 25, 2011 10:29am
Quoting Mihailo
Everything is ok but you dont have enough history for m1, m2 and m3.
I wanted to ask how you determine how much history is required on your charts.

What was missing from my original posting? I was just curious.

Thank you again!!
  • #864
  • Quote
  • Oct 25, 2011 10:57am Oct 25, 2011 10:57am
This is tool explanation for template number 1.
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  • #865
  • Quote
  • Oct 25, 2011 11:03am Oct 25, 2011 11:03am
Quoting steve55
I wanted to ask how you determine how much history is required on your charts.

What was missing from my original posting? I was just curious.

Thank you again!!
M2 and M3 are OFFLINE charts therefore RenkoLiveChar 3.3 EA drawing candles with information from M1 chart and form history for those charts. So if you didn't use renko you can not have history for M2 and M3 charts.

You can use mine that I have atached you on the last reply.
  • #866
  • Quote
  • Oct 25, 2011 11:12am Oct 25, 2011 11:12am
And template 2
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  • #867
  • Quote
  • Oct 25, 2011 11:20am Oct 25, 2011 11:20am
Hope it will go down!
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  • #868
  • Quote
  • Oct 25, 2011 11:30am Oct 25, 2011 11:30am
Thanks for the information.

I downloaded and added the "History" files.

Some reason my chart(s) do not resemble yours:

http://i56.tinypic.com/2e5jplh.jpg

http://i51.tinypic.com/nxvwvt.jpg

http://i51.tinypic.com/n47acn.jpg
  • #869
  • Quote
  • Oct 25, 2011 11:31am Oct 25, 2011 11:31am
http://i52.tinypic.com/6nv0xj.jpg
  • #870
  • Quote
  • Oct 25, 2011 11:33am Oct 25, 2011 11:33am
I only installed the "Paket 5!" Folder (Indicators, Profiles, Templates)

Not sure if I was to install the other files?

Thanks!!
  • #871
  • Quote
  • Oct 25, 2011 11:47am Oct 25, 2011 11:47am
[quote=steve55;5070621]Thanks for the information.

I downloaded and added the "History" files.

Some reason my chart(s) do not resemble yours:

Turn your Mt4 off, copy as on picture.

Of course those folders will be named as your broker, not Tele-Trade.

And please when you want to save picture, chose active chart (as is)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: history.jpg Size: 130 KB
Click to Enlarge Name: save.jpg Size: 120 KB
  • #872
  • Quote
  • Oct 25, 2011 11:52am Oct 25, 2011 11:52am
Quoting steve55
I only installed the "Paket 5!" Folder (Indicators, Profiles, Templates)

Not sure if I was to install the other files?

Thanks!!
History again!
Attached File(s)
File Type: rar History.rar   1.4 MB | 1,770 downloads
  • #873
  • Quote
  • Oct 25, 2011 3:48pm Oct 25, 2011 3:48pm
Hi Mihailo, Thank you for sharing your system with us, it's very interesting. I plan to use a live account to test your system, but before I do that please clarify a few questions for me.
1. What are the M2 charts for? I noticed that the SL and TP in there are more than double of that in M3.
2. When your system alerts to buy does it mean at that time "screen goes blue"?
3. I got an alert to long ej @105.77 but ten minutes later got another alert to short ej @ 105.61. Does it happen often ? I don't know how to upload screenshots, but mine look exactly like yours so I don't think I've made any mistake in installing your system.
Your last month's statement is really attractive, specially the profit factor.
flaw
Wishing my last name were LESS
  • #874
  • Quote
  • Oct 25, 2011 7:44pm Oct 25, 2011 7:44pm
Quoting flaw
Hi Mihailo, Thank you for sharing your system with us, it's very interesting. I plan to use a live account to test your system, but before I do that please clarify a few questions for me.
1. What are the M2 charts for? I noticed that the SL and TP in there are more than double of that in M3.
2. When your system alerts to buy does it mean at that time "screen goes blue"?
3. I got an alert to long ej @105.77 but ten minutes later got another alert to short ej @ 105.61. Does it happen often ? I don't know how to upload screenshots, but...
Hi,

1. Renko box size 13. Bigger size - bigger TP and SL

2. Yes it can be, every time when market is flat.

Im glad that you like this system... Good luck with it!
  • #875
  • Quote
  • Oct 25, 2011 11:13pm Oct 25, 2011 11:13pm
Thank you for your prompt reply. I think I better study Cobra system first in order to understand yours, but it's such a long thread...
There are two sets of profiles and templates, "5!!!" and "Renko THV 5", I guess using either one is OK?
Are there more templates for other pairs?
I'm an aggressive trader. I think I'm going to use M2.
Wishing my last name were LESS
  • #876
  • Quote
  • Oct 26, 2011 12:26am Oct 26, 2011 12:26am
[quote=Mihailo;5070668]
Quoting steve55
Thanks for the information.

I downloaded and added the "History" files.

Some reason my chart(s) do not resemble yours:

Turn your Mt4 off, copy as on picture.

Of course those folders will be named as your broker, not Tele-Trade.

And please when you want to save picture, chose active chart (as is)

Thank you again.
Finally got everything up and running.
  • #877
  • Quote
  • Oct 26, 2011 6:28am Oct 26, 2011 6:28am
Quoting Mihailo
This is tool explanation for template number 1.
Mihailo good day,

Excuse my English, but I am adept googlenglish

perform the installation of the indicators, templates, all are displayed perfectly with the exception of the EURUSD chart where the bottom of the indicators are not displayed.
here's an example. if you can help me see what I'm doing wrong, thanks.

http://img51.imageshack.us/img51/372/80658628.gif
Let us be green
  • #878
  • Quote
  • Oct 26, 2011 8:00am Oct 26, 2011 8:00am
Quoting Mihailo
Hi,

1. Renko box size 13. Bigger size - bigger TP and SL

2. Yes it can be, every time when market is flat.

Im glad that you like this system... Good luck with it!
Quick question if I may, does your system enable you to trade off 1 chart ? And would you please explain the difference or benefit in using the renko bars rather than the HA candles- ive been trading the THV for about 2 years with about 60% hit rate, i remember your post from before and your like 100%, is this your core system ? Dont mean to impose, just trying to understand.
Look at something long enough, you will eventually get it.
  • #879
  • Quote
  • Oct 26, 2011 9:38am Oct 26, 2011 9:38am
Quoting leafarct
Mihailo good day,

Excuse my English, but I am adept googlenglish

perform the installation of the indicators, templates, all are displayed perfectly with the exception of the EURUSD chart where the bottom of the indicators are not displayed.
here's an example. if you can help me see what I'm doing wrong, thanks.

http://img51.imageshack.us/img51/372/80658628.gif
This is what I did when this happens and I think Mihailo suggests doing this also.

In each of your charts like the EURUSD that you posted just Right Click on your chart and from the Templates just select the Eurusd. Do the same thing for the other 2 charts GBPUSD and EURJPY.

I did have a problem this morning with the FFcal indicator. See attached image.

http://i44.tinypic.com/ot108k.jpg
  • #880
  • Quote
  • Oct 26, 2011 2:30pm Oct 26, 2011 2:30pm
Hi Mihailo

Look like a great system.
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