Fxkred's Renko System

I have tested recently the levels what the daily volume gave. Interesting, but needed further practice to be succesful.
There is a boy who makes it very succesfully. http://www.daytradingzones.com/live-...-analysis.html . His indicator must be based on volume, and uses it very succesfully.

I have developed further the Renco counter indicator.
Now can be enable/disable the Median renko mode, so it shows correctly the close up and close down levels.

Yesterday evening a beautifull fibo confluence zone, high probability shorting zone:

EURUSD had broken down a previous valley, so confirmed a new Zigzag. We got now, the X ABC peaks, but where could be the D? There the EU may start go north. The most possible turning points could be:

Hi All,
Is anyone else getting these errant long wicks?
I am getting them on both the standard and modified Renko.
I am running the tick generator that someone mentioned.
It may correct itself when the market opens back up.

Thanks

I think it is happened when an istrument with big spread is the base instrument the renko chart.
I think the problem is, that the renko candle length is near the spread, and/or the metatrader gets bad ticks from the server. This case the Renko EA cannot handle the candle high and low, so try to draw with the latest data.

I wish a Marry Xmas, and my Xmas present is attached. They are Elliot labelling script. It is not original idea, but made some modification on code, to be usefull.

Here is the labeling system:

http://stockcharts.com/school/data/m...0-wdegrees.png

guys can we trade 1M Renko box charts? thanks

You can set the size of the box to whatever you prefer...

thank you Blaiserboy, I will give this a try! cheers

please mr fxkred i need your help, iam a renko chart trader pls is it possible to use multiple timeframes analysis to determine renko price movement. i have been doing it for while now and is quite challenging cause sometime only 1m chart will say buy or sell and the renko will also give signal, knowing full well that it is wrong to trade against the trend, i will stay and be waiting for all the timeframes to approve it, before they do it the renko or price has gone far, thereby making too dangerous for me to open the trade. pls what will i do should i discard multipletimeframes and focus on only my renko chart or what. pls any contribution from fellow is gladly welcome thanks. i use 5 box renko

pls is any one with the latest renkolivechart ea

Letter to my mentor fxkred, Hello Sir how have you been doing it has been long you posted any thing here.
Hope you are doing fine, pls i need your help concerning the renkolivechart EA, iam a die hard fan of renko chart, around last year october 2012 i downloaded RENKOLIVECHART_BETTER_v3.301_FXKRED from this thread and it was working perfectly till this year aprail 2013 when i decided to remove my old trading terminal and replace with new trading terminal.but after installation of the sofware i attached the renko chart ea for trading only to discover that the price is stall (that is it doesnt move) . i try every method, by removing the terminal replacing it but it didnt work, finaly i try the old or previous versions renkolivechart, like the v3.2,v3.3,v3.4 and they all worked fine, that is the price moved, it was then it occur to me that the problem is from the renkolivechart_better_3.301 fxkred. pls what will i do, because i love this very version, it is sensitive and neat compare to the other versions. thanks for your kindnesss.

Hi Brother,

Sorry I was not here for a while, and did not sense your problem. I am using this EA for 5 digit ECN brokers, and 4 digit brokers, and works fine. Not sure what is the problem.

So If I am here, then upload the newest version of the Renko counter, which handle the Range bar, too.
Use it on your risk, only.

Hi All

Where can I get a Renko EA that allows automated trading? Can anyone share with me the EA? I'd like to try Automated Robots for once. I am a novice and I hear that Renko is good indicator and tool to trade. Please also share with me the instructions to set up.

Thanks

The renko EA not a robot actually, but only makes renko candles. It is a special one.

2 Robots wotrh nothing without real manual experience. Just a black box, like gambling, if the enviroment good for that robot, then you will earn some money, if the enviroment change you will loose.
It is a dead end if you want consistent money.

NIce Pattern on EURUSD h4

I like your incorporation of the harmonic patterns...not sure what platform that is but if you have a MT4 setup I've got a great harmonic indicator that works well on daily/4hr and 1hr/15m timeframes...I think its on like page 22 or so of my thread it's called korharmonics...welcome to check it out as I recieved it free as well. I've been watching this pair too looking for that short hope to see it soon.

http://www.forexfactory.com/showthre...327343&page=23 post #456

Haven't tried it on a renko chart that might be interesting if it could work there too. Never was able to get decent renko bars on my mt4.

Happy Holidays.

Hello,

It is easy to be a harmonic pattern fan, as this moves gives the basic pulsation of forex. There is an impulse wave then it is corrigated with two other swing. The result of the correction will shows the direction of the next impulse. If somebody do not understand it, makes his own position on forex field very bad.
There is 2 leading harmonic pattern indicator, a ZUP and Korharmonics. I am using ZUP, did not tryed the other yet.

But it is a big mistake to leave the decision on any indicators, need a very strickt money management system which makes the result positive.

As I realised you are using the korharmonics indi, I have seen a thread where is compared the 2 systems.