Fxkred's Renko System | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RENKO Trading SYSTEM - RENKO Indicators 7 replies

Renko system 13 replies

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

FXkred's RH+ (positive) system 48 replies

FXKRED system about 200 pips Daily on GBPJPY 189 replies

Attachments: Fxkred's Renko System
Exit Attachments

Fxkred's Renko System

  • #101
  • Aug 18, 2012 4:56am Aug 18, 2012 4:56am
Hello Fxkred, I admired the graph of the post 89 with Wolfes TRIPLE. How can I do to have them on my chart?
perhaps by working with 6/30/6 once and then change it and put it on the graph? Your help would be most welcome, if possible.
Thanks and congratulations
  • #102
  • Aug 18, 2012 8:10am Aug 18, 2012 8:10am
not sure what bar size you are using but it looks clean nice work.

Quoting fxkred
Good opportunities on EURUSD with trendline breaks.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 6 renko.jpg Size: 173 KB
  • #103
  • Aug 19, 2012 2:16am Aug 19, 2012 2:16am
Quoting bayfisherman
not sure what bar size you are using but it looks clean nice work.
looking amazing can you share ur indicators and tempelate
  • #104
  • Aug 20, 2012 1:51am Aug 20, 2012 1:51am
Quoting caravan
Hello Fxkred, I admired the graph of the post 89 with Wolfes TRIPLE. How can I do to have them on my chart?
perhaps by working with 6/30/6 once and then change it and put it on the graph? Your help would be most welcome, if possible.
Thanks and congratulations
Hi Caravan. I am not sure what would you like.
100 pips a day, keeps the doctor away
  • #105
  • Aug 20, 2012 1:56am Aug 20, 2012 1:56am
Quoting bayfisherman
not sure what bar size you are using but it looks clean nice work.
I am using 4 Renko, and I prefer Hybrid renko to Jam renko, but it is similar result if it is in proper hand
100 pips a day, keeps the doctor away
  • #106
  • Aug 20, 2012 2:06am Aug 20, 2012 2:06am
Sorry what is Hybrid Renko? Could you please post the indicator for it, and tell us why your prefer it?

THANK YOU!
  • #107
  • Aug 20, 2012 4:08am Aug 20, 2012 4:08am
If you find regulary good enty point, another challenge to add on as the trade progress.

You have to risk your profit again and again, and the reward is an extra profit. (Especially you have some luck, too).
Attached Image (click to enlarge)
Click to Enlarge Name: EU_4r_0820.jpg Size: 151 KB
100 pips a day, keeps the doctor away
  • #108
  • Aug 20, 2012 4:36am Aug 20, 2012 4:36am
Quoting fxkred
If you find regulary good enty point, another challenge to add on as the trade progress.

You have to risk your profit again and again, and the reward is an extra profit. (Especially you have some luck, too).

This time I had luck, closed at 2364 all of the positions, as loss of momentum was perceived.
100 pips a day, keeps the doctor away
  • #109
  • Aug 21, 2012 1:40am Aug 21, 2012 1:40am
Some excellent ideas in your thread, I had never thought of applying Harmonics to a renko chart.

Thank you for sharing your work.
  • #110
  • Aug 21, 2012 3:08am Aug 21, 2012 3:08am
Another example from today to build a blockhouse.

The target price is the double top around 2440 if there is no serious loss of momentum until. Have to be cautious, as the average price is very close to the price action, and easy to loose all the positions at an aggressive trail stop.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_4r_0821_block.jpg Size: 121 KB
100 pips a day, keeps the doctor away
  • #111
  • Aug 21, 2012 7:06am Aug 21, 2012 7:06am
OK, it was enough, closed everything at 2435.

Today had a luck again, as Wayne Gretzky said: More I practiced, the luckier I get!
100 pips a day, keeps the doctor away
  • #112
  • Aug 21, 2012 1:05pm Aug 21, 2012 1:05pm
I've used both the 4 and 6, 4 seems to help in steeper moves to get in as well as when the market it slow...The 6 I've found helps take some more of the noise out and keeps me in longer...nice thread.

Here's my short today in the AU still in....have got to love the way renko bars show market structure so well...I have some divergence at the pivot(green line is S2 intraday settings), short trade no brainer.. The renkos I'm using are a hybrid renko just have been built by the owner of the company is all so his name is on them.

Quoting fxkred
I am using 4 Renko, and I prefer Hybrid renko to Jam renko, but it is similar result if it is in proper hand
Attached Image (click to enlarge)
Click to Enlarge Name: au renko 6.jpg Size: 152 KB
  • #113
  • Aug 22, 2012 4:01am Aug 22, 2012 4:01am
I think there is a big confusion on me for the renko types. I will collect the exact difference between types , sbs, wicked, wick less, better renko, hybrid etc.
My prefer is the renko which shows price level, the candles are touching by their corners,no overlap between them and of course only wicked type excepted.
100 pips a day, keeps the doctor away
  • #114
  • Aug 22, 2012 9:38am Aug 22, 2012 9:38am
Quoting Blaiserboy
Some excellent ideas in your thread, I had never thought of applying Harmonics to a renko chart.

Thank you for sharing your work.
Just came out the ZUP_112 Indi!!!

Attached
Attached File(s)
File Type: mq4 ZUP_v112.mq4   570 KB | 759 downloads
100 pips a day, keeps the doctor away
  • #115
  • Aug 23, 2012 3:39am Aug 23, 2012 3:39am
It is amazing me , again and again, how good the renko shows trading levels...
Attached Image (click to enlarge)
Click to Enlarge Name: EU_levels_0823.jpg Size: 69 KB
100 pips a day, keeps the doctor away
  • #116
  • Aug 23, 2012 7:49am Aug 23, 2012 7:49am
If you have a strict money management, then could try to "catch the falling knife" or jumping before the express train.

The key is the tight stop, which saves you if "you are not right" with direction.

Today's second example: on 4 Renko EURUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_4R_short_0823.jpg Size: 114 KB
100 pips a day, keeps the doctor away
  • #117
  • Aug 23, 2012 8:33am Aug 23, 2012 8:33am
Quote
I have problem with renko charts.
they are ok when i use them but problem starts when i stop the charts and restart it after sumtym the data of that period is not showing in offline chart and another problem is that it freeze my system cpu usage increased too much so please tell me the solution.

Well, I got a PM , but I think it is problem lots of us.
I think it is about the MT4 offline charts. The renko EA runs on 1 minute chart, and after for few month the minute chart can reach the 100.000 candles or more. Simple calculation : 1 day = 24*60 = 1440 candle on M1 chart.

Starting with 3 month backward when installing a new MT4 program, which is 90 day, so trading with a few month it could reach the 200k candle on M1 history database.

Well, if you are using such a kind of RENKO maker EA which does not limit the processed number of M1 candles, then easily take the process power, and memory.

So I think the first step is to limit the number of candles to work with the EA.

Foe exapmle in the code of RenkoLive_v3.2. EA:

//+------------------------------------------------------------------+
extern int RenkoBoxSize = 10;
extern int RenkoBoxOffset = 0;
extern int RenkoTimeFrame = 2; // What time frame to use for the offline renko chart
extern int NumberOfCandle = 3000; //This is the number you have to
decrease
extern bool ShowWicks = true;

extern bool EmulateOnLineChart = true;
extern bool StrangeSymbolName = false;


--------------------------------------------------------------------

Another solution is to use Ninjatrader if you can afford it, works fine but many additional costs (renko indi, datafeed etc).
100 pips a day, keeps the doctor away
  • #118
  • Aug 23, 2012 9:42am Aug 23, 2012 9:42am
so we have to add that red code? is 3000 the number of 1-min candles or the number of renkobricks ?
  • #119
  • Aug 23, 2012 11:40am Aug 23, 2012 11:40am
Quoting marley60
so we have to add that red code? is 3000 the number of 1-min candles or the number of renkobricks ?
Hi Marley,

I have suspected that number belongs to the M1 candles, and as studied the code, I am sure, that number refers to the M1 candles.

-++++++++++++++++++++++++++++++++++++++
// process historical data
//int i = Bars-2;
int i = NumberOfCandle;
//Print(Symbol() + " " + High[i] + " " + Low[i] + " " + Open[i] + " " Close[i]);
100 pips a day, keeps the doctor away
  • #120
  • Aug 23, 2012 12:01pm Aug 23, 2012 12:01pm
Crude oil moves very good while most of the currency pair make sideways moves. And what is more, give some profit potential...
Attached Image (click to enlarge)
Click to Enlarge Name: oil_40R_0826.jpg Size: 107 KB
100 pips a day, keeps the doctor away
1 trader viewing now