RENKO system with Mihailo! | Page 112 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

My Renko System Discussion 10 replies

RENKO Trading SYSTEM - RENKO Indicators 7 replies

Renko system 13 replies

Simple Renko System 208 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

Attachments: RENKO system with Mihailo!
Exit Attachments

RENKO system with Mihailo!

  • #2,221
  • Oct 15, 2013 11:20am Oct 15, 2013 11:20am
Quoting Kiads
About this regression channel {image} sometimes i use it for better 'visualized' the swing, but remember that this indicator (as usual) was repainting following the price movement..lol, and also heavy resources consumer.. coz the way it plot the line not from buffer but from thousands of dot objects.. I use it with my shifted renko with 8 point brick size, shifting 25 % (2 point step). I use two instance of this indicator both use period of :144 bar/candle first indi : with dev 0.5, 1.25 and 2.0 2nd indi : with dev 0.75, 1.50 and 2.25 set other...

Could I ask how you deal with the repainting nature of the regression bands. In previous experiments with them I found they are great to look at but didn't do much live as they react after the fact. I haven't tried the indicator you posted yet. Did you make any modifications?
  • #2,222
  • Oct 15, 2013 10:43pm Oct 15, 2013 10:43pm
Quoting kickme
Locked in for 50 on AUD/USD and 33 on EUR/JPY trailing stop manually by 20 about 20 pips {image} {image}

This is off topic. That's a very impressive and simple Renko trading method. I trade in a similar way but with different indicator but the problem is sudden reversals. Am currently working on a way to apply currency strength or trend bias to reduce whipsaws.
  • #2,223
  • Oct 15, 2013 10:47pm Oct 15, 2013 10:47pm
Quoting sanfranfan
{quote} Could I ask how you deal with the repainting nature of the regression bands. In previous experiments with them I found they are great to look at but didn't do much live as they react after the fact. I haven't tried the indicator you posted yet. Did you make any modifications?
Hi, the question is, do you know how to use this regression channel and what to look for ?

Generally sometimes i need this RegChannel to find out where is the middle of the curve.. to put my parallel trendlines (Equidistant Channel), so actually i really need that repainting nature of this RegChannel to watch the last curve forming

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF RENKO with RegChannel.png Size: 637 KB


Hope it help
best regards
  • #2,224
  • Oct 16, 2013 10:55am Oct 16, 2013 10:55am
Previous 2 trades stopped out at trailing stop for totals mentioned before. 55 on the move today in USD/JPY missed the short yesterday. Weeks total now sits at 138 on 3 trades
Attached Image (click to enlarge)
Click to Enlarge Name: jpyoctober16.jpg Size: 34 KB
  • #2,225
  • Oct 16, 2013 11:29am Oct 16, 2013 11:29am
Congratulations for your results!
Do you use an EA when you trade using Renko?
  • #2,226
  • Oct 17, 2013 7:17am Oct 17, 2013 7:17am
Looks like the market likes it when Washington plays kick the can. Good moves overnight 78 locked on GBP and 120 on Euro trailing stop by 20 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp78.jpg Size: 37 KB
Click to Enlarge Name: eur75.jpg Size: 33 KB
  • #2,227
  • Oct 17, 2013 7:19am Oct 17, 2013 7:19am
Quoting Flaviu1981
Congratulations for your results! Do you use an EA when you trade using Renko?
No its all manual
  • #2,228
  • Oct 17, 2013 10:15am Oct 17, 2013 10:15am
Quoting kickme
{quote} No its all manual
Hey Kickme

Could you describe a little more about your system?

I found something similar SMC4Scalper Candles indicator but how you use it?

Do you search for renko paterns as pointed out?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 2013-10-17 , 18_50_07.png Size: 60 KB
  • #2,229
  • Oct 17, 2013 11:23am Oct 17, 2013 11:23am
Quoting kickme
Looks like the market likes it when Washington plays kick the can. Good moves overnight 78 locked on GBP and 120 on Euro trailing stop by 20 pips {image} {image}
Euro stopped out for 117 GBP still going
  • #2,230
  • Oct 17, 2013 11:35am Oct 17, 2013 11:35am
Quoting jedrula
{quote} Hey Kickme Could you describe a little more about your system? I found something similar SMC4Scalper Candles indicator but how you use it? Do you search for renko paterns as pointed out? {image}

I buy on blue and sell on red the system is not mine I got it from Calstar. I have the SMC candles but they continually repaint and I could never get that solved. I think they are based on the trix indicator and plot the trix itself as a candle if that helps? Sorry I cant help you more but I don't use them. Regarding patterns the only one I use is a trend line which has proven for me and others in the thread to be very useful.
  • #2,231
  • Edited Nov 20, 2013 1:02am Oct 17, 2013 12:08pm | Edited Nov 20, 2013 1:02am
So it definitely looks like the indicator that Kickme is using is either exactly SMC4Scalper or something very similar to it. Attached is the indicator that I found off the internet with the settings that produced very similar candle coloring. BUT the Renko chart that Kickme is using is very different from the regular Renko charts that we build with RenkoLiveChart EA. Perhaps Kickme wants to help us out by sharing his chart making EA instead of showing off all the pips he makes hehe

Anyways, hope this helps out someone. Play with the settings until you get a good setting for each pair.

Quoting jedrula
{quote} Hey Kickme Could you describe a little more about your system? I found something similar SMC4Scalper Candles indicator but how you use it? Do you search for renko paterns as pointed out? {image}
Focus, Patience, Determination & Order in chaos
  • #2,232
  • Oct 17, 2013 12:19pm Oct 17, 2013 12:19pm
saverO thanks for sharing.

The Renko I am using is not mine to share as I posted many posts back. The indicator is the design of Calstar. It is compiled and when I was going to decompile it I lost it and had to beg to get it back. If you want the indicator I would simply contact him. He has a trading group and I happen to know that the indicator is being traded by others on this forum with great success. I am posting here mostly as a journal and perhaps given that I now get at least 5 negative crappy PM's a day should move on to another thread. My point in my posts is that you do not need indicators to trade Renko. In fact you shouldn't be using any at all. Price action trading is just that Price action trading. When you add indicators you clog it all up and are more likely to screw it up then pump it up. There is no grail boys and girls only tales of such.
  • #2,233
  • Oct 17, 2013 12:52pm Oct 17, 2013 12:52pm
Quoting kickme
My point in my posts is that you do not need indicators to trade Renko. In fact you shouldn't be using any at all. Price action trading is just that Price action trading. When you add indicators you clog it all up and are more likely to screw it up then pump it up. There is no grail boys and girls only tales of such.
100% correct.. and you can't achieved that in half-day Webinar about PA..
  • #2,234
  • Oct 17, 2013 12:57pm Oct 17, 2013 12:57pm
I honestly think that people should share something that actually helps another rather than please their own egos. I see a lot of ego pleasing going on in this forum but not a lot of genuine help.. just my opinion.
Focus, Patience, Determination & Order in chaos
  • #2,235
  • Oct 17, 2013 2:38pm Oct 17, 2013 2:38pm
Quoting jedrula
{quote} Hey Kickme Could you describe a little more about your system? I found something similar SMC4Scalper Candles indicator but how you use it? Do you search for renko paterns as pointed out? {image}
Very nice chart Jedrula!!

Could you post the indicators and your template?

Thanks in advance
  • #2,236
  • Edited Nov 20, 2013 10:14pm Oct 18, 2013 1:02am | Edited Nov 20, 2013 10:14pm
Quoting jtrujillo
{quote} Very nice chart Jedrula!! Could you post the indicators and your template? Thanks in advance
My chart is is similar to all but still looking for something like "coral" with alarm by email
  • #2,237
  • Oct 18, 2013 6:28am Oct 18, 2013 6:28am
Quoting jedrula
{quote} My chart is is similar to all but still looking for something like "coral" with alarm by email {file}
Many thx for sharing have a problem that it keeps freezing for me and there is a delay with the drawing of the candle I have tried it on 2 platform and it happens on both. Any ideas???? Apologies for the large shots wanted to get as much of screen as I could
Attached Image(s) (click to enlarge)
Click to Enlarge Name: missqoute.jpg Size: 120 KB
Click to Enlarge Name: missqoute2.jpg Size: 51 KB
  • #2,238
  • Oct 18, 2013 6:32am Oct 18, 2013 6:32am
Now 3 green instead of the 2. Just repainted?????
Attached Image
  • #2,239
  • Oct 18, 2013 6:45am Oct 18, 2013 6:45am
Quoting jedrula
{quote} Hey Kickme Could you describe a little more about your system? I found something similar SMC4Scalper Candles indicator but how you use it? Do you search for renko paterns as pointed out? {image}
jedrula could you share settings from this post and your platform my chart isn't even close
Attached Image (click to enlarge)
Click to Enlarge Name: comp chart.jpg Size: 45 KB
  • #2,240
  • Edited 7:11am Oct 18, 2013 6:55am | Edited 7:11am
This new candle repaints I added this new indicator and got this on my aud chart. For those interested I got it thru an email promo yesterday. One of those ones where you register your email so you can get 100's of new offers. Perhaps its worth exploring.
Attached Image (click to enlarge)
Click to Enlarge Name: trendbars.jpg Size: 51 KB
Attached File(s)
File Type: zip Trend_Bars..zip   5 KB | 741 downloads
3 traders viewing now