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RENKO system with Mihailo!

  • #1,461
  • Edited 6:04am Feb 10, 2013 12:48am | Edited 6:04am
Quoting coler
RENKO system with Mihailo.....Waiting for update.what the problem ?may be other profiles indicators themplate ? thanks
The naming of your currency pairs is slightly different from the template.
Go to the window showing the currency pairs on the left hand side of your MT4 screen, click on the same currency pair (as per your chart)and drag it on to the chart.
Repeat the same for the other charts.
Have a nice day
  • #1,462
  • Mar 22, 2013 5:33am Mar 22, 2013 5:33am
please mr mihailo 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 traders is gladly welcome thanks. i use 5 box renko
  • #1,463
  • Apr 1, 2013 11:54am Apr 1, 2013 11:54am
Anybody still trading this system? I just finished reading through the entire thread and the last 3-4 pages really fell off. I have traded it today, and found it to be just like THV but with Renko. I traded THV before and since have liked using Renko. So it was nice finding a system that combined both.

Anyway, if there are people still trading this sytem, then let us start posting our trades and bringing this thread back alive.
  • #1,464
  • Apr 3, 2013 6:39pm Apr 3, 2013 6:39pm
pls is any one here with the latest version renkolivechart EA
  • #1,465
  • Apr 28, 2013 1:24pm Apr 28, 2013 1:24pm
Hi,
Please see my screenshot with renko.
http://www.mql5.com/en/charts/216832...-alpari-uk-ltd
Regards,
Ravi
[email protected]
Ravi Kiran T V
  • #1,466
  • Apr 28, 2013 2:34pm Apr 28, 2013 2:34pm
Quoting RaviKiran
Hi, Please see my screenshot with renko. http://www.mql5.com/en/charts/216832...-alpari-uk-ltd Regards, Ravi [email protected]
OK, saw your screen shot, now what? .........
  • #1,467
  • Apr 29, 2013 3:30am Apr 29, 2013 3:30am
Quoting RaviKiran
Hi, Please see my screenshot with renko. http://www.mql5.com/en/charts/216832...-alpari-uk-ltd Regards, Ravi [email protected]
can you please post renko for mt5 here?
  • #1,468
  • May 11, 2013 8:33pm May 11, 2013 8:33pm
Is anyone aware of an EA that allows one to stipulate the renko box size, designated either bullish or bearish renko bar and then when activated execute a trade at the time of bar completion so that one is not incurring slippage.

Kind Regards,
Erik
Annoying Precision
  • #1,469
  • May 12, 2013 7:41pm May 12, 2013 7:41pm
Hi,
Marley and Satch fan....
I am unable to put my indicators on mt5 because the plug ins are programmed in mq4.I am sorry. Well, I deleted all of the indicators from the chart and now doing better with seven seummits trader. Regards,
Ravi
Ravi Kiran T V
  • #1,470
  • May 13, 2013 2:32pm May 13, 2013 2:32pm
Quoting RaviKiran
Hi, Please see my screenshot with renko. http://www.mql5.com/en/charts/216832...-alpari-uk-ltd Regards, Ravi [email protected]
I think you have a few too many indicators on there.....
  • #1,471
  • Jun 8, 2013 1:17am Jun 8, 2013 1:17am
Quoting Stearno
Anybody still trading this system?
Yes of course!

All credits to the developer of this amazing system! It is not only one of the very best systems it is already the best system at all. If you are a friend of the Renko Charts and you know how to deal with it, then you know what I'm talking about! Mihailo has created a powerful tool, it's up to each and everyone of us to use it the right way and to make it much profitable. I came along this thread in May and after reading the posts I decided to give it a try because it has sound much good to me. After some small modifications I started on May 22 and here are the results!

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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My Setup and as you can see I'm not using the original template, some indicators are replaced already.

Attached Image (click to enlarge)
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Regards nasap
The little nut in your head is called brain. Use it!
  • #1,472
  • Jun 9, 2013 10:33am Jun 9, 2013 10:33am
Quoting nasap
{quote} Yes of course! All credits to the developer of this amazing system! It is not only one of the very best systems it is already the best system at all. If you are a friend of the Renko Charts and you know how to deal with it, then you know what I'm talking about! Mihailo has created a powerful tool, it's up to each and everyone of us to use it the right way and to make it much profitable. I came along this thread in May and after reading the posts I decided to give it a try because it has sound much good to me. After some small modifications...
Do you mind posting your template/indis?
Looks much cleaner than the original one.
Always looking for ways to squeeze more pips out of the market.
Cheers
  • #1,473
  • Edited 9:33am Jun 10, 2013 7:40am | Edited 9:33am
Quoting baccarat
{quote} Do you mind posting your template/indis? Looks much cleaner than the original one. Always looking for ways to squeeze more pips out of the market. Cheers
First I wanna refer on to Mihailo's post

Hence I am wondering how it comes that you guys are not able to rebuild a template? You can see my chart and the indicators I am using for it. Now for you guys a bit more in detail!

Attached Image


Less indicators for a better performance of the mt4. I'm watching 4 pairs!

The only thing what's different form Mihailo's original Renko Thv 5! is the Coral indicator. I'm using it as an unicolour average price level indicator. For your better understanding I show another chart. A small but very subtle distinction!

Attached Image (click to enlarge)
Click to Enlarge Name: Snap_2013.06.10 13.38.57_005.png Size: 243 KB



Regards nasap
The little nut in your head is called brain. Use it!
  • #1,474
  • Jun 10, 2013 5:53pm Jun 10, 2013 5:53pm
Quoting nasap
{quote} First I wanna refer on to Mihailo's post Hence I am wondering how it comes that you guys are not able to rebuild a template? You can see my chart and the indicators I am using for it. Now for you guys a bit more in detail! {image} Less indicators for a better performance of the mt4. I'm watching 4 pairs! The only thing what's different form Mihailo's original Renko Thv 5! is the Coral indicator. I'm using it as an unicolour average price level indicator....
Hi Nasap:

All you need to do is upload your template file. That should help everyone out....thanks....BTW, like the simplifications you made.

Regards,

ranger_lp
  • #1,475
  • Jun 10, 2013 10:16pm Jun 10, 2013 10:16pm
On Monday, 10/06/2013, no trades were made. The decision for this was due to the very strong up trend in the EJ & UJ and EU & GU (the pairs I am watching) had run into a range! For me I saw EJ and UJ on the limit already, but then has risen again before it went off into the range.

Surely, on the basis of hindsight view from EJ and UJ one still could buy, but for me personally afflicted with too much risk. The two also hang in the range now, but I am confident that this will change during the day and keep a lookout for shorties.

And then we are already at the greatest disadvantage of this system. If a pair runs in a range, you have almost no chance to get a decent setup.

Nevertheless, no need to bury one's head in the sand after such a day, because most trades have been made in the second half of the week. Therefore I can only recommend, not only to focus on one pair, even your account has not tens of thousands of euros or dollars!

There will be always such days and they will go again, so don't lose patience!


regards nasap
The little nut in your head is called brain. Use it!
  • #1,476
  • Jun 11, 2013 4:27pm Jun 11, 2013 4:27pm
Can you so kind to post the guidelines that you uses to detect a ranging market ? thank a lot ,Sir ,for your teaching that is very intriguing.
  • #1,477
  • Jun 13, 2013 9:54pm Jun 13, 2013 9:54pm
Greetings all

Looking at all the screen shots I am wondering why all the extra indicators. Isn't the point of using Renko to use Renko. I was always told that if you add indicators to a Renko chart they perform differently. If this is solved with this indicator please let me know. Also thanks to the OP for the indicator and sharing
  • #1,478
  • Jun 14, 2013 9:51am Jun 14, 2013 9:51am
Quoting gigioforex
Can you so kind to post the guidelines that you uses to detect a ranging market ? thank a lot ,Sir ,for your teaching that is very intriguing.
FYI

Attached Image (click to enlarge)
Click to Enlarge Name: Snap_2013.06.14 22.33.49_044.png Size: 95 KB



regards nasap
The little nut in your head is called brain. Use it!
  • #1,479
  • Jun 14, 2013 10:32am Jun 14, 2013 10:32am
Thanks a lot !!!
  • #1,480
  • Jun 14, 2013 9:01pm Jun 14, 2013 9:01pm
Ok so I follow the above screen shot my question is what do we do when we are in the range that's a ton of whip saws???
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