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Renko Trading For Gamers (RTFG)

  • #1,441
  • Apr 8, 2012 4:07am Apr 8, 2012 4:07am
Forget my previous, MT5 has no facility for off line charts - unless I'm missing something.
Will they ever get this thing right.....so that everyone can use it, irrespective of trading style?
P.S. Anyone trading Renko and would like a skype connection....just to chat?
So make sure it's an exciting one, 'cos it's the only one you get!
  • #1,442
  • May 8, 2012 9:05am May 8, 2012 9:05am
Petar, what pairs that you use with pandora box system ?
  • #1,443
  • May 9, 2012 7:51am May 9, 2012 7:51am
hey Petar, thanks for your system

I got GU +10 pips & EJ + 20 pips today

I just take few pips because I dont know when I must exit

my question is : are you waiting in front of monitor to exit or set TP ? because I got those 20 pips in EJ I must wait 2 hours
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 9-5-12.gif Size: 19 KB
Click to Enlarge Name: ej 9-5-12.gif Size: 17 KB
  • #1,444
  • May 10, 2012 4:05am May 10, 2012 4:05am
Quoting yosandian
Petar, what pairs that you use with pandora box system ?
Hi there guys,
You can use pandora on almost all pairs but i testet on eurusd,gpbusd,eurjpy,audusd....

regards
petar
"Buy on fear, sell on greed !!!
  • #1,445
  • May 10, 2012 4:14am May 10, 2012 4:14am
Quoting yosandian
hey Petar, thanks for your system

I got GU +10 pips & EJ + 20 pips today

I just take few pips because I dont know when I must exit

my question is : are you waiting in front of monitor to exit or set TP ? because I got those 20 pips in EJ I must wait 2 hours
Hi there,
You can do whatever you want,i ususly wait on from of pc but you can set firx tp or trailing stop wich is best i think

This is some setups on eur
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #1,446
  • Nov 1, 2012 9:54am Nov 1, 2012 9:54am
Hello guys,
Fell free to post renko setups i will also try to help on that area when i have free time...
"Buy on fear, sell on greed !!!
  • #1,447
  • Nov 18, 2012 3:22am Nov 18, 2012 3:22am
Hi all.Nice system.I will demo it these days
Trade with 60
  • #1,448
  • Nov 18, 2012 11:43am Nov 18, 2012 11:43am
Quoting kumetto
Hi all.Nice system.I will demo it these days
Hello there,
Feel free to post your views and results here ...

Best Regards
Petar
"Buy on fear, sell on greed !!!
  • #1,449
  • Mar 21, 2013 4:47pm Mar 21, 2013 4:47pm
hi~petar i like renko chart ~your post #1249 what indicator ?can you post a template?thk
  • #1,450
  • Mar 21, 2013 8:36pm Mar 21, 2013 8:36pm
this picture what your using indicator?
Attached Image (click to enlarge)
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  • #1,451
  • Apr 17, 2013 5:25am Apr 17, 2013 5:25am
Quoting Petar_Serbia
Hello mark, Your chart isnt good,dont need second or high becouse you dont have it... This is chart > {image}
Hello Petar,
Thanks for your excellent systems.
I see some different concepts for determine high and low box in Pandoras system.
Would you please explain more about determining high and low? It's very important.

Best,
  • #1,452
  • Apr 17, 2013 5:50am Apr 17, 2013 5:50am
Hello there arashit,
I dont trade this system currently but i just opened template and there is EURUSD sell setup currently.I identefied box in this exmaple because renko bars from high candle at 1.3200 backed below 2 MAs (white) and than again up.I marked on chart so you will get picture...
Feel free to post setups...


Best Regards,
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: renko.png Size: 78 KB
"Buy on fear, sell on greed !!!
  • #1,453
  • Apr 17, 2013 8:35am Apr 17, 2013 8:35am
Quoting Petar_Serbia
Hello there arashit, I dont trade this system currently but i just opened template and there is EURUSD sell setup currently.I identefied box in this exmaple because renko bars from high candle at 1.3200 backed below 2 MAs (white) and than again up.I marked on chart so you will get picture... Feel free to post setups... Best Regards, Petar {image}
Thanks Petar but I have a problem with that yet.
I have drawn a green horizontal line and blue and red arrows. what is your idea about them? Are they wrong? and why?
Attached Image (click to enlarge)
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  • #1,454
  • Apr 17, 2013 10:44am Apr 17, 2013 10:44am
Hello therem
The red one is corret since we broker previuse low of box,than green arrow is not valid enter since we didnt break high,and ofcourse arrow i posted 2h ago for sell was valid since we broke low and macd and delta were good...

Best Regards,
Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #1,455
  • Apr 17, 2013 5:48pm Apr 17, 2013 5:48pm
Quoting Petar_Serbia
Hello therem The red one is corret since we broker previuse low of box,than green arrow is not valid enter since we didnt break high,and ofcourse arrow i posted 2h ago for sell was valid since we broke low and macd and delta were good... Best Regards, Petar {image}
Hello Petar,
Thanks a lot
i know I have take your time but please guide me
I have 4 question, please:
1) Why we don't consider Number 1 as high?
2) which numbers(2,3,4) can be considered as last low?
3) for determine high, for example, we must wait until black candle goes under 2 white average or inside them? which is valid?
4) for determine high, for example, how many candle must be exist upper 2 white average before black candle?
Attached Image (click to enlarge)
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  • #1,456
  • Apr 18, 2013 5:39am Apr 18, 2013 5:39am
Quoting arashit
Hello Petar, Thanks a lot i know I have take your time but please guide me I have 4 question, please: 1) Why we don't consider Number 1 as high? 2) which numbers(2,3,4) can be considered as last low? 3) for determine high, for example, we must wait until black candle goes under 2 white average or inside them? which is valid? 4) for determine high, for example, how many candle must be exist upper 2 white average before black candle? {image}
Hello there,
1. Number 1 is high but not main high since we created main high at 1.3200,since we didint break that high we shouldnt open any buy position...
2. Number 2 is last low on exaple you posted since from that point we saw swing up.
3. For determnating high we must wait price to go from up to down below white averages than to back in these 2 averages that will confirm that we can mark high as valid.
4. Ddiint undestand question

Examples of entries....

Best Regards,
Petar
Attached Image (click to enlarge)
Click to Enlarge Name: renko1.png Size: 83 KB
"Buy on fear, sell on greed !!!
  • #1,457
  • Apr 18, 2013 6:55am Apr 18, 2013 6:55am
Quoting Petar_Serbia
Hello there, 1. Number 1 is high but not main high since we created main high at 1.3200,since we didint break that high we shouldnt open any buy position... 2. Number 2 is last low on exaple you posted since from that point we saw swing up. 3. For determnating high we must wait price to go from up to down below white averages than to back in these 2 averages that will confirm that we can mark high as valid. 4. Ddiint undestand question Examples of entries.... Best Regards, Petar {image}
Thanks you very much
Thus, for determining high we must wait until price to go from up to down bellow 2 white averages then to back in 2 white averages.... ok.
Now, Is that Important the numbers of blue candels over 2 white averages before going down?
and please explain more about Half body candle in Pandoras V2. Does it mean a candle with shadows in both sides? or anything else??

best,
  • #1,458
  • Apr 27, 2013 1:45pm Apr 27, 2013 1:45pm
Quoting Petar_Serbia
{quote} Hello there, 1. Number 1 is high but not main high since we created main high at 1.3200,since we didint break that high we shouldnt open any buy position... 2. Number 2 is last low on exaple you posted since from that point we saw swing up. 3. For determnating high we must wait price to go from up to down below white averages than to back in these 2 averages that will confirm that we can mark high as valid. 4. Ddiint undestand question Examples of entries.... Best Regards, Petar {image}
OK... Thanks a lot.
I understood.

Would you please answer my last question?
please explain more about Half body candle in Pandoras V2. Does it mean a candle with shadows in both sides? or anything else??
and If half body candle be an inside candle, do we consider high and low of previous candle?

thanks...
  • #1,459
  • Apr 28, 2013 5:48am Apr 28, 2013 5:48am
Quoting arashit
{quote} OK... Thanks a lot. I understood. Would you please answer my last question? please explain more about Half body candle in Pandoras V2. Does it mean a candle with shadows in both sides? or anything else?? and If half body candle be an inside candle, do we consider high and low of previous candle? thanks...
Hello there,
As i said i dont trade this system and i forgot some rules but i am sure you can find them on this thread in earlier posts...Feel free to post your exmaples or ideas according these systems i posted or if you have your own renko system...


Best regards,
Petar
"Buy on fear, sell on greed !!!
  • #1,460
  • Nov 4, 2013 5:49pm Nov 4, 2013 5:49pm
Quoting ewinner
Hi, Been trading renko a long time now, basically i use a 34sma high/low channel and look for a close outside with rsi 12 & 20 > 50 confirmation for at least 2 bars Caught a nice move on EU this morning.. wonder if it'll break 45.. {image}
I can see on your chart that the wicks from Renko bars are actually bigger than renko bar. Is it not a mistake ? Because from my understanding how it should works properly it should generate another renko bar.

I have the same problem on my renko chart. I have renko bars 15 pips big. And sometimes the wicks are 20pips long and it happened on live chart. I am using Renko 3.2 does anybody knows where might be problem ?
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