Kingfisher Renko Trading | Forex Factory

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Kingfisher Renko Trading

  • #1
  • First Post: Oct 30, 2012 5:21am Oct 30, 2012 5:21am
Heyy Buddies..,


Welcome to Kingfisher Renko Trading !!!

http://s8.postimage.org/lgr50dsxh/Logo.jpg
image hosting sites


I'm gonna share you guys something very interesting & what I've been using this long to trading Forex market

I'm a die hard follower of Renko Charting . It's excellent !!

I'm using Renko charts to eliminate whipsaws/noise to a certain extent.

& I use 15pip or 20pip blocks, as those are my favorites ...

I'm using 2 setups actually ...

1 is Renko semafor dots combo,
2 is Renko heiken ashi's combo

I'll post indicators & templates in next post ..

Enjoy your pips buddies !!
Attached Image(s) (click to enlarge)
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Not all treasure is silver and gold, mate
  • #2
  • Oct 30, 2012 5:23am Oct 30, 2012 5:23am
interesting system
  • #3
  • Oct 30, 2012 5:29am Oct 30, 2012 5:29am
Hii again ,,

The secret behind naming of "Kingfisher"

Kingfisher's are extremely patient birds , those who wait for hours for getting a good prey/fish. When they spot a prey, they judges a decision to go for it...
They knows their beak size, obviously they hunt prey those who fits their beak... Similarly , adjust your money management according to your equity available

Posting the indicators & Templates Below

Happy pippin'
Attached File(s)
File Type: rar Kingfisher System.rar   515 KB | 5,496 downloads
Not all treasure is silver and gold, mate
  • #4
  • Oct 30, 2012 10:12am Oct 30, 2012 10:12am
Looks interesting, I'd love to learn more about Renko. What time-frame do you trade?
  • #5
  • Oct 30, 2012 10:19am Oct 30, 2012 10:19am
Hii,

Please refer link below for knowing about creating renko charts on Mt4 platform

http://www.forexstrategiesresources....4-renko-chart/

Thanks & Regards
Not all treasure is silver and gold, mate
  • #6
  • Oct 30, 2012 12:10pm Oct 30, 2012 12:10pm
Looks interesting !!! Waiting for your next post.

Regards,
Rukmesh
  • #7
  • Oct 30, 2012 1:42pm Oct 30, 2012 1:42pm
how do you trade using the system?
  • #8
  • Oct 31, 2012 7:01am Oct 31, 2012 7:01am
Just installed the indicators. Just posting EU chart for confirming the chart setup.

We are eagerly waiting for the rules that you use to trade this system.

http://i47.tinypic.com/2mqnvpv.gif
  • #9
  • Oct 31, 2012 7:10am Oct 31, 2012 7:10am
i am also a big fan of renko charts as the minimize the noise in the markets.
looking forward to see the rules for this system
  • #10
  • Oct 31, 2012 8:19am Oct 31, 2012 8:19am
I'm a big fan of Renko charts.

Could you kindly post the attachment as .zip format?

Thank you!
  • #11
  • Oct 31, 2012 8:31am Oct 31, 2012 8:31am
Rules are very simple buddies ,

Just wait for green candle of heiken ashi with a green dot behind to Buy
vise versa for sell...

SL on previous red/green dots

TP open ... or 3 blocks according to your block size..

ie. if using 15pip charts , tp would be 45pips... that's all

Attaching zip file too..

Happy Pippin'
Attached File(s)
File Type: zip Kingfisher System.zip   605 KB | 3,514 downloads
Not all treasure is silver and gold, mate
  • #12
  • Oct 31, 2012 8:48am Oct 31, 2012 8:48am
IM all about Renko Thank yoo
  • #13
  • Oct 31, 2012 8:50am Oct 31, 2012 8:50am
Thanks Makzer for posting the straight forward rules

Do we carry the position for next day? or we close it at NY session end?

Also, if possible, please post some charts showing the entry / exit as per the rules.

Regards,
Rukmesh
  • #14
  • Oct 31, 2012 9:02am Oct 31, 2012 9:02am
I have some questions:

1. When set up is completed, how do you enter? For instance, if there is a buy signal, are you long at next bar open or do you wait the break up of previous bar?
2. Green and red dots are drawn when the last bar is completed?
3. Do the green and red dots repaint?
4. What kind of trailing stop do you use?

Thank you!
  • #15
  • Oct 31, 2012 2:26pm Oct 31, 2012 2:26pm
hi,

would appreciate your thoughts....


just for my interest of people trading range bars /renko bars

Thoughts: RangeBar/RenkoBar how to do it?

http://www.forexfactory.com/showthread.php?t=392781

thanks
Ati
Money is important, Love is essential.
  • #16
  • Nov 1, 2012 3:27am Nov 1, 2012 3:27am
Quoting rukmesh123
Thanks Makzer for posting the straight forward rules

Do we carry the position for next day? or we close it at NY session end?

Also, if possible, please post some charts showing the entry / exit as per the rules.

Regards,
Rukmesh

Hi,

We are trading non-timeframe charts buddies ... so, once opened a trade let it run until candle color changes opposite ...

i'll soon post charts with examples

Stay tuned & Happy pippin'
Not all treasure is silver and gold, mate
  • #17
  • Nov 1, 2012 3:34am Nov 1, 2012 3:34am
Quoting Alberto_Jazz
I have some questions:

1. When set up is completed, how do you enter? For instance, if there is a buy signal, are you long at next bar open or do you wait the break up of previous bar?
2. Green and red dots are drawn when the last bar is completed?
3. Do the green and red dots repaint?
4. What kind of trailing stop do you use?

[font=Courier New]Thank...
Hi Alberto,

We enter only next candle opening, after a signal is fixed

Dots repaint ,, but wait for candle closing opposite direction with candle color changes .. that way we'll understand that swing high or low is formed ...
Also we can connect dots & draw trend liness...

I don't use trailing

Thanks & Regards
Not all treasure is silver and gold, mate
  • #18
  • Nov 1, 2012 7:25am Nov 1, 2012 7:25am
Quoting makzer
Hi,

We are trading non-timeframe charts buddies ... so, once opened a trade let it run until candle color changes opposite ...

i'll soon post charts with examples

Stay tuned & Happy pippin'
Thanks Makzer. Will be waiting for your charts.

One more doubt that has come is ... once we are long (after green dot and green candle and immediately 1 /2 candles are red .. we close the position or sit with initial SL? same doubt for short
  • #19
  • Nov 1, 2012 8:04am Nov 1, 2012 8:04am
Quoting rukmesh123
Thanks Makzer. Will be waiting for your charts.

One more doubt that has come is ... once we are long (after green dot and green candle and immediately 1 /2 candles are red .. we close the position or sit with initial SL? same doubt for short
We'll wait to break previous low/high to exit.... in short , place sl on previous high/low... don't exit prematurely
please demo first before going live ...


Please use 13 or more block renko charts ... when less volatile , i'll use 13pip charts ....

see using trendlines to ensure more on direction in picture below ..
wait for breakouts

Good Luck
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Not all treasure is silver and gold, mate
  • #20
  • Nov 2, 2012 3:34am Nov 2, 2012 3:34am
Сообщение от makzer
При менее волатильным, я буду использовать 13pip графики ....


Hello. I am sorry for my English it to me not the native. I use the electronic translator.
I with you agree that volatility change in the market should lead to change ренко boxing. But then it is logical to change an approach to formation ренко graphics and to calculate boxing not in points. For example in ATR points or the StDev points.
Second option. At the constant amount of boxing to estimate a market condition by means of ATR, StDev or ADX.
On an example the fixed boxing of 10 points taking into account ADX indications is lower.
The dark blue line - the beginning of a zone of purchases.
The red line – the beginning of a zone of sales.
The dark blue and red line is NOT signals on sale or purchase, these are those zones in which we considers only signals on sale (after the red line) or on purchase (after the dark blue line).

Successful to all of us hunting!
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