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Renko Power System

  • #1
  • First Post: Edited Apr 12, 2015 9:00am Dec 17, 2013 4:43am | Edited Apr 12, 2015 9:00am
Hello Guys,

I hope, everything is fine with you all.

Important Notice: This is not a Get-Quick-Rich-Overnight scheme nor its a strategy that can make you rich in short time. Also i would like to clear that there is no Holy Grail, I don't think its even exist. The only key is to trade with discipline and with good MM plan if one want to sustain in the Forex market for long time.

NEW UPDATE:

The System is removed from now for some reasons, if you are interested with R.P.S, PM me, i will give you the group name which i have opened for R.P.S, but it is better for you to play with your luck with another system like Mihailo system etc...I do not care if the thread will move to Commercial Systems or anywhere else. I will not share anything anymore in Public Places. The doors are still open for those, who are highly interested with R.P.S. They can PM me and i will show them the way. I removed the Poll from this thread also.

Good Luck and Wish you Profitable Trades.
PrinceWahaj
  • #2
  • Dec 17, 2013 9:10am Dec 17, 2013 9:10am
how do you view 2min charts ?
  • #3
  • Dec 17, 2013 9:16am Dec 17, 2013 9:16am
Hi Wahaj,

You haven't included the Renko EA in your Zip File.

Roy
  • #4
  • Dec 17, 2013 9:29am Dec 17, 2013 9:29am
Quoting RoyPK
Hi Wahaj, You haven't included the Renko EA in your Zip File. Roy
Sorry Wahaj. It is there, my bad.

Roy
  • #5
  • Dec 17, 2013 10:46am Dec 17, 2013 10:46am
In my experience your used Renkolivechart3.2 can not be visually backtested, is it plots different charts in live mode and shows different charts after MT4 restart or silmply adding it on your colected data to get the offline renko chart. So I hope your strategy is forwardtested and not backtested
  • #6
  • Dec 17, 2013 11:19am Dec 17, 2013 11:19am
Quoting colombino
In my experience your used Renkolivechart3.2 can not be visually backtested, is it plots different charts in live mode and shows different charts after MT4 restart or silmply adding it on your colected data to get the offline renko chart. So I hope your strategy is forwardtested and not backtested

Hello colombino,

What i can observe with your post is that, you are not addicted renko trader.

BTW, Its the broker's problem about history because if their would any gap in 1m history, for sure the renko couldn't be able to draw the same block as mine.

I recommend you to test it for at-least 1 week, then you will know that why the name of system is "Renko Power System".

Hope this helps!

Suggestions and feedback are highly appreciated.

Best Regards,
PrinceWahaj
  • #7
  • Dec 17, 2013 4:20pm Dec 17, 2013 4:20pm
Quoting wahaj
Hello Guys, I hope, everything is fine with you all. (First, I would like to thank Nick [aka mr.nims] to get me into Renko Trading, then finally i found something interesting, with which we can all earn decent amount of pips and ofcourse, Money) Important Notice: This is not a Get-Quick-Rich-Overnight scheme nor its a strategy that can make you rich in short time. Also i would like to clear that there is no Holy Grail, I don't think its even exist. The only key is to trade with discipline and with good MM plan if one want to sustain in the Forex...

Please attach your template as a separate file. Thank you
  • #8
  • Dec 17, 2013 5:56pm Dec 17, 2013 5:56pm
Just an addition - I have been trading renko and range bars a long time now
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm211.png Size: 37 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #9
  • Dec 17, 2013 5:59pm Dec 17, 2013 5:59pm
indi
Attached File(s)
File Type: ex4 #FS30_Histogram.ex4   4 KB | 2,400 downloads
File Type: ex4 Keltner_Chanel.ex4   3 KB | 2,133 downloads
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #10
  • Dec 17, 2013 10:26pm Dec 17, 2013 10:26pm
wow. very impressive.
what are your settings for your indicators zamanib?
  • #11
  • Dec 18, 2013 2:57am Dec 18, 2013 2:57am
Quoting zamanib
Just an addition - I have been trading renko and range bars a long time now {image}
Thanks for sharing Zamanib...

what is the for Keltner Chanel setting?
Lets make some green pips
  • #12
  • Dec 18, 2013 3:43am Dec 18, 2013 3:43am
13 on keltner 10 on the histo
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #13
  • Dec 18, 2013 4:06am Dec 18, 2013 4:06am
Hi zamanib,
Are you using a box size of 15 pips as well?
We all see the same dream, just from different viewpoints
  • #14
  • Dec 18, 2013 4:49am Dec 18, 2013 4:49am
Hey zamanib

As you most probably know the Histogramm is repainter . IMHO it looks to me that the level passing is the main indication to you to enter the possible trade I was wondering how do you tackel the change (repaint) issue?

regards

Kristjan
  • #15
  • Dec 18, 2013 4:57am Dec 18, 2013 4:57am
Quoting aelimian
{quote} Please attach your template as a separate file. Thank you
Hello aelimian,

Here is the template!

Thank you!
Attached File(s)
File Type: tpl renko power system.tpl   2 KB | 1,553 downloads
  • #16
  • Dec 18, 2013 5:03am Dec 18, 2013 5:03am
Quoting zamanib
Just an addition - I have been trading renko and range bars a long time now {image}
Hello zamanib,

Its a good addition, and seems like a good system as well, would you care to explain the rules? so that we could forward-test?

In your system, seems like RenkoAM is not used for any purpose.

I would be more than happy if you would forward-test Renko Power System, because i highly hope that everyone would find it profitable.

Best Regards,
PrinceWahaj
  • #17
  • Dec 18, 2013 5:07am Dec 18, 2013 5:07am
Quoting Ironbark
Hi zamanib, Are you using a box size of 15 pips as well?

Hello Ironbark,

I think, he is using 50 pips box size because as you can see, the first entry was on August and second was in November, so that means we would need to wait for long time to catch another profitable signal, but lets wait for the rules by @zamanib.

Suggestions and feedback are highly welcome!

Best Regards,
PrinceWahaj
  • #18
  • Dec 18, 2013 5:37am Dec 18, 2013 5:37am
Quoting zamanib
13 on keltner 10 on the histo

I'm not getting the same channel as yours.

Mind sharing your template?

thanks
Lets make some green pips
  • #19
  • Dec 18, 2013 5:56am Dec 18, 2013 5:56am
Hi- Guys - Lets stick with wahaj system -- I was just adding some tools - if it maybe helpful. If you notice I still have his indi on my chart - to observe any common grounds that may be helpful.

As for my chart rules - above and below keltner bands and histo have to be touching level 2 -- you can edit the histo and add 2 -2 levels. I wait for all candle to close to avoid any repainting issue -- I am sure there are other non repainting - histo that will do the same trick. Important keep it simple and follow it every time
you will be win 70-80% of the time. Wait is game. this can be automate so u don't sit all day.

note --
the problem with range bars and renko bars---- the 1min chart is mess up most of time because of gaps - every time there gap on the 1min chart it screw up the rangebar and renko bars- so you notice no 2 brokers renko chart will look the same. If there is no gap then renko and range bars is best. Until this is fix we have to live with it. One way to reduce keep your chart running 24/7 - and scroll back as far back on the 1min then apply the expert renko.

Yes it is 15 box size
Attached Image (click to enlarge)
Click to Enlarge Name: er.png Size: 42 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #20
  • Dec 18, 2013 6:09am Dec 18, 2013 6:09am
see - the 2 side by side
Attached Image (click to enlarge)
Click to Enlarge Name: er2.png Size: 45 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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