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Another Renko PA system (not finished yet)

  • #21
  • Oct 18, 2012 8:25pm Oct 18, 2012 8:25pm
Quoting Kiads
I use renko for years, if you want to see PA in real, ideally you should use 1 point block renko. But, its consume MT4 resources and sometime make MT4 crash.
I'm not use 'fractal' but 123 pattern indicator it's same concept I think..
and combine it with divergence..
keep up the good work, you are in the right track..
Yes,you got it!
  • #22
  • Oct 19, 2012 2:19am Oct 19, 2012 2:19am
Quoting Kiads
here is the SS of my RC
I think we could some how avoid trading the in-box time.
  • #23
  • Oct 19, 2012 4:36am Oct 19, 2012 4:36am
Quoting mahanxiong
I think we could some how avoid trading the in-box time.
Anyone like something like garch?
  • #24
  • Oct 19, 2012 5:13am Oct 19, 2012 5:13am
Quoting mahanxiong
I think we could some how avoid trading the in-box time.
If you use 1 point brick renko, you can avoid that.., beside with 123 breakout you should use PO (pending order) with SL according to 123 rule.. and to make sure the correct direction you can examine what ichimoku..said..
  • #25
  • Oct 19, 2012 5:22am Oct 19, 2012 5:22am
Check your P.M Kiads

Thanks & Regards

Makz
Not all treasure is silver and gold, mate
  • #26
  • Oct 19, 2012 6:01am Oct 19, 2012 6:01am
Hi, Some friends here PM me.. about renko chart builder EA/Indicator and also divergence indicator so here we go..

for divMACD indicator be careful that it will 'crash' your MT4 if your MT4 memory/resource not big enough.. my suggestion you can use it with renko chart with 5 point up renko brick size..

I Use EA type for create renko chart with capability to create 2 renko chart with different offline TF (exp: M2 and M3) so you can create 2 different brick size renko chart using only 1 M1 standard chart for data feed.

for divMACD, you can select alot of choices for data feed calculation, you can see that in bellow part of setting window of indicator.

also there is 123 breakout indicator if you need it..
Hope it help.
Attached File(s)
File Type: mq4 RenkoLiveChart_v3.3x2.mq4   25 KB | 879 downloads
File Type: ex4 ! T_Kiads_DivMACD_v01.ex4   60 KB | 1,066 downloads
File Type: ex4 ! T_Kiads_123Breakout v01.ex4   12 KB | 1,196 downloads
  • #27
  • Oct 19, 2012 8:40am Oct 19, 2012 8:40am
Quoting Kiads
sorry for my english,
Thx, that SS is 5 point renko brick/block. but ideally the real Price Action Renko is 1 point brick so you can really 'see' what's going on with 'price movement' that sometimes even 1 minutes standard TF can't show you.

With 1 pont renko brick, almost all indicators that use OHLC data feed will work 'better' than in standard TF..

and yes, I use 123 breakout concept for my 'renko trading' that similar to this thread concept especially at trending market.

A lot of people complaining about 'renko' as unreliable chart type..lol....
I can`t see it mate
  • #28
  • Oct 19, 2012 9:04am Oct 19, 2012 9:04am
Quoting Kiads
sorry for my english,
Thx, that SS is 5 point renko brick/block. but ideally the real Price Action Renko is 1 point brick so you can really 'see' what's going on with 'price movement' that sometimes even 1 minutes standard TF can't show you.

With 1 pont renko brick, almost all indicators that use OHLC data feed will work 'better' than in standard TF..

and yes, I use 123 breakout concept for my 'renko trading' that similar to this thread concept especially at trending market.

A lot of people complaining about 'renko' as unreliable chart type..lol.

But,...
Thanks Kiads for letting us know your way of trading. I am a newbie just started with practicing on demo and learning renko last couple of weeks. I am not sure if i am seeing the things as you. Below is my chart of 1 point Renko of EU with ichi and 123 indi. Have marked then entry points in blue. Please help in understanding.

http://i50.tinypic.com/dc781c.gif
  • #29
  • Oct 19, 2012 9:13am Oct 19, 2012 9:13am
Quoting Robst3r
I can`t see it mate
Hi my friend, sorry not to explained more clearly
here is the picture only 1 point brick renko with ichimoku 5.25.50 without Chinkou span

hope it help
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-19 renko ichimoku cloud example.jpg Size: 506 KB
  • #30
  • Oct 19, 2012 9:15am Oct 19, 2012 9:15am
Quoting rukmesh123
Thanks Kiads for letting us know your way of trading. I am a newbie just started with practicing on demo and learning renko last couple of weeks. I am not sure if i am seeing the things as you. Below is my chart of 1 point Renko of EU with ichi and 123 indi. Have marked then entry points in blue. Please help in understanding.

http://i50.tinypic.com/dc781c.gif
thats great.. you are right, and also you can see my last SS for explanation
best regards
  • #31
  • Oct 20, 2012 5:51am Oct 20, 2012 5:51am
Thank Kiads for the indicators
please could u post the template for renko on ichimoku
and the 123 breakout indicator
thank
i intend using this method of trading
  • #32
  • Oct 20, 2012 6:49am Oct 20, 2012 6:49am
Quoting Kiads
Hi my friend, sorry not to explained more clearly
here is the picture only 1 point brick renko with ichimoku 5.25.50 without Chinkou span

hope it help

Hi Kiads,
can you pls post your template?. and i belive the renko should be in the expert folder? kindly explain how to install it.
It takes the Mind to Make Money.............
  • #33
  • Edited 9:31am Oct 20, 2012 9:28am | Edited 9:31am
Quoting cku
Thank Kiads for the indicators
please could u post the template for renko on ichimoku
and the 123 breakout indicator
thank
i intend using this method of trading
Hi, ok here we go..
hope it's help
best regards

PS. this template for 5 digits brokers. thx
Attached File(s)
File Type: rar T_Kiads Renko.rar   136 KB | 1,443 downloads
  • #34
  • Edited Oct 22, 2012 1:57am Oct 21, 2012 6:03pm | Edited Oct 22, 2012 1:57am
Just a simple test with martingale
...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: renko-eurusd-5pipsrange.jpg Size: 136 KB
Click to Enlarge Name: renko-eurusd-5pipsrange.gif Size: 13 KB
  • #35
  • Oct 22, 2012 2:47am Oct 22, 2012 2:47am
hii, nice performance in backtest...

could you please post ea?

i've never tested a martingale ea on renko charts ....

Thanks & regards ,

Makz.
Not all treasure is silver and gold, mate
  • #36
  • Oct 22, 2012 3:04am Oct 22, 2012 3:04am
Quoting SwingMan
Just a simple test with martingale
...
Sorry but renkobacktests are not reliable!
Only forward tests!
I backtested renko ea`s many times and always i end up with huge profits, but when i test on demo ore live the results are losses
  • #37
  • Oct 23, 2012 3:55am Oct 23, 2012 3:55am
usually, the results in renko testing are always overwhelming, in live test they are different, what stoploss and take profit you used Swingman
  • #38
  • Last Post: Dec 9, 2012 5:06am Dec 9, 2012 5:06am
Quoting Kiads
Hi, ok here we go..
hope it's help
best regards

PS. this template for 5 digits brokers. thx
What to do when using a 4 digits broker??

Thanks for your interesting thread, Kiads
95% of the people don't believe 100% they can win, that's why they lose
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