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Renko and Rads

  • #1
  • First Post: Edited Oct 13, 2012 3:45am Aug 10, 2012 3:34am | Edited Oct 13, 2012 3:45am
http://www.forexfactory.com/showthread.php?t=290639 -- all credit to this owner all indicators are here

My new spin on it to trade it on 8pips renko or 3 pips renko
8pips will get less trade -- sl 3 bars =21pips plus spread
3pips will more trades -- sl 3 bars =9 plus spread

sell when rads turn to blue and candle close
buy when rads turn to yellow and candle close

give it a try on demo any inputs welcome
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 24 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #2
  • Aug 10, 2012 4:26am Aug 10, 2012 4:26am
Quoting zamanib
http://www.forexfactory.com/showthread.php?t=290639 -- all credit to this owner all indicators are here

My new spin on it to trade it on 8pips renko or 3 pips renko
8pips will get less trade -- sl 3 bars =21pips plus spread
3pips will more trades -- sl 3 bars =9 plus spread

sell when rads turn to blue and candle close
buy when rads turn to yellow and candle close

give it a try on demo any inputs welcome
Looks ok but would taking trend into account improve things? Also is there a way you could add to winning trades?
  • #3
  • Aug 10, 2012 4:33am Aug 10, 2012 4:33am
Quoting zamanib
http://www.forexfactory.com/showthread.php?t=290639 -- all credit to this owner all indicators are here

My new spin on it to trade it on 8pips renko or 3 pips renko
8pips will get less trade -- sl 3 bars =21pips plus spread
3pips will more trades -- sl 3 bars =9 plus spread

sell when rads turn to blue and candle close
buy when rads turn to yellow and candle close

give it a try on demo any inputs welcome
It looks good, but can you please post the indicators here so i can try it out. I like trying out a system using small account. So i am trying it out in a live account.
  • #4
  • Aug 10, 2012 4:35am Aug 10, 2012 4:35am
Quoting zamanib
http://www.forexfactory.com/showthread.php?t=290639 -- all credit to this owner all indicators are here

My new spin on it to trade it on 8pips renko or 3 pips renko
8pips will get less trade -- sl 3 bars =21pips plus spread
3pips will more trades -- sl 3 bars =9 plus spread

sell when rads turn to blue and candle close
buy when rads turn to yellow and candle close

give it a try on demo any inputs welcome
I believe there is an error in the math... 3 blocks at 8 pips each equals 24 pips.
  • #5
  • Edited 6:28am Aug 10, 2012 5:59am | Edited 6:28am
Quoting zamanib
http://www.forexfactory.com/showthread.php?t=290639 -- all credit to this owner all indicators are here

My new spin on it to trade it on 8pips renko or 3 pips renko
8pips will get less trade -- sl 3 bars =21pips plus spread
3pips will more trades -- sl 3 bars =9 plus spread

sell when rads turn to blue and candle close
buy when rads turn to yellow and candle close

give it a try on demo any inputs welcome
Hi Zamanib
Sounds Interesting & I am Renko lover too, so how would I miss any new thread or post subject with "Renko" ?
Well, you do use there Heikin-Ashi smooth which you are calling Rads, don't you ?
How & when you exit from the trade? do you use pivot points for exit?
Any filtration to avoid range bound market ?
Thanks in advance
  • #6
  • Aug 10, 2012 10:20am Aug 10, 2012 10:20am
Quoting 2+2=4ex
I believe there is an error in the math... 3 blocks at 8 pips each equals 24 pips.
You are correct 24 Plus sprEAD
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #7
  • Aug 10, 2012 10:22am Aug 10, 2012 10:22am
Quoting lollipip
Hi Zamanib
Sounds Interesting & I am Renko lover too, so how would I miss any new thread or post subject with "Renko" ?
Well, you do use there Heikin-Ashi smooth which you are calling Rads, don't you ?
How & when you exit from the trade? do you use pivot points for exit?
Any filtration to avoid range bound market ?
Thanks in advance
all are welcome to give input on tp
I have given the SL - my take on TP should be at least 30 pips
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #8
  • Aug 10, 2012 10:23am Aug 10, 2012 10:23am
Quoting easy123
It looks good, but can you please post the indicators here so i can try it out. I like trying out a system using small account. So i am trying it out in a live account.
All here as I mention in the 1st post

http://www.forexfactory.com/showthread.php?t=290639
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #9
  • Aug 10, 2012 10:24am Aug 10, 2012 10:24am
some more example
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu.gif Size: 22 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #10
  • Edited 3:45pm Aug 10, 2012 3:09pm | Edited 3:45pm
Quoting zamanib
All here as I mention in the 1st post

http://www.forexfactory.com/showthread.php?t=290639
Have you actually checked your link ? There's no indicator there. I found some rads indis. Even though it's not identical it looks about right.
  • #11
  • Aug 10, 2012 4:10pm Aug 10, 2012 4:10pm
Quoting SpacyTrader
Have you actually checked your link ? There's no indicator there. I found some rads indis. Even though it's not identical it looks about right.

http://www.forexfactory.com/showthre...=290639&page=2

zip file post 28
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #12
  • Aug 10, 2012 6:06pm Aug 10, 2012 6:06pm
Quoting zamanib
http://www.forexfactory.com/showthre...=290639&page=2

zip file post 28
Oops. Tks. I actually saw that one but I thought it only had the repainting indi.
  • #13
  • Aug 11, 2012 1:06am Aug 11, 2012 1:06am
Hi,

Which indicator do you use for the Renko chart?
  • #14
  • Aug 11, 2012 1:28am Aug 11, 2012 1:28am
there are two Rads indicators?
Which do you use with wich parameters?
Attached File(s)
File Type: mq4 Rads HAS Ext.mq4   3 KB | 2,276 downloads
File Type: mq4 Rads HAS Blue.mq4   4 KB | 1,293 downloads
  • #15
  • Aug 11, 2012 1:48am Aug 11, 2012 1:48am
Quoting balouf
Hi,

Which indicator do you use for the Renko chart?
I have a Renko EA attached at the bottom of my webpage, Renko. Instructions on how to open chart are right above EA attachment.
  • #16
  • Aug 11, 2012 1:58am Aug 11, 2012 1:58am
Quoting 2+2=4ex
I have a Renko EA attached at the bottom of my webpage, Renko. Instructions on how to open chart are right above EA attachment.
Nice Strategy -- I like the SL same as mine 3 blocks
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #17
  • Aug 11, 2012 2:04am Aug 11, 2012 2:04am
Quoting zamanib
all are welcome to give input on tp
I have given the SL - my take on TP should be at least 30 pips

Hello Zamanib.

The TP issue is always a never ending history. I have worked years with renko and loss count of the times I have try to find the perfect one. That is coding the strategies, using several indicators and run back test. All what I have found is an optimized TP for the past data, useless for the future.

In general, all my testings show that all systems tend to be Break-even less spreads. Therefore the shorter the TP is, the worse the systems gets. So, yes, TP should be at least 30 pips... more likely 50 or at least 1:2 risk/reward... which would be 48 if your are using 3 bars as SL.

I still use renko but I am done using indicators of any type. Math and multipairs has been making more sense to me for a while.

I hope that helps.

J.
.
  • #18
  • Aug 11, 2012 2:33am Aug 11, 2012 2:33am
Quoting jeuro
Hello Zamanib.

The TP issue is always a never ending history. I have worked years with renko and loss count of the times I have try to find the perfect one. That is coding the strategies, using several indicators and run back test. All what I have found is an optimized TP for the past data, useless for the future.

In general, all my testings show that all systems tend to be Break-even less spreads. Therefore the shorter the TP is, the worse the systems gets. So, yes, TP should be at least 30 pips... more likely 50 or at least 1:2 risk/reward......
Please explain this--
Math and multipairs has been making more sense to me for a while.

Yes - Tp is always a problem -- Almost every week(1day of the week) you will get 100-200 pips move in 1 direction- this you need to capitalize on

thanks for your input
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #19
  • Aug 11, 2012 2:38am Aug 11, 2012 2:38am
Where to get this template? Do you mind to share with me?
  • #20
  • Aug 11, 2012 3:03am Aug 11, 2012 3:03am
Rads HAS Ext.mq4 is one of the best indicators. It reacts fast, still the signal is reliable.
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