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Renko Magic

  • #1
  • First Post: Edited Dec 19, 2013 6:37am Dec 18, 2013 9:28am | Edited Dec 19, 2013 6:37am
Hi I'm not the creator of this system.

  1. guilherme is the creator of this awesome system!

Hello everyone, this is Shivam from India. I find this system very useful and I'd like to share it with you guys.
Renko chart with solar joy indicator is a complex trading system based on a renko chart and price action.

Currency pairs: All
Recommended brick size = 10 pips

Rules for buy
Support area formed;
Candle open above the cloud;
solar wind joy indicator is blue
Renko am dot is blue and crossed up.

Rules for sell
Resistance area formed;
Candle open below the could;
solar wind joy indicator is red
Renko am dot is red and crossed down.


Let me show a screen-shot to understand.

$ ENJOY YOUR BIG PROFITS $

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 806 KB
Attached Image
Attached File(s)
File Type: ex4 Doda-Donchian.ex4   5 KB | 7,789 downloads
File Type: ex4 FL11.ex4   13 KB | 8,456 downloads
File Type: ex4 FOREX STRATEGIST SR.ex4   16 KB | 7,617 downloads
File Type: ex4 NASAP_Heiken Ashi.ex4   3 KB | 6,970 downloads
File Type: ex4 PB Channel.ex4   9 KB | 8,198 downloads
File Type: ex4 Renko-SignalAM.ex4   13 KB | 9,092 downloads
File Type: ex4 Show_AverageEntryPrice_v1.ex4   9 KB | 7,441 downloads
File Type: mq4 Solar Winds joy - histo (no repaint with alert).mq4   5 KB | 13,453 downloads
Money never sleeps I can hear the dollar calling me
  • #2
  • Dec 18, 2013 9:30am Dec 18, 2013 9:30am
Attached File(s)
File Type: ex4 spread.ex4   3 KB | 4,492 downloads
Attached File(s)
File Type: ex4 s-Renko bars.ex4   17 KB | 6,181 downloads
Attached File(s)
File Type: tpl Renko chart with Solar Wind Joy.tpl   7 KB | 6,279 downloads
Money never sleeps I can hear the dollar calling me
  • #3
  • Dec 18, 2013 10:52am Dec 18, 2013 10:52am
These are the trades with the help of this Renko system.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO SOLAR PROFIT.jpg Size: 182 KB
Money never sleeps I can hear the dollar calling me
  • #4
  • Dec 18, 2013 12:31pm Dec 18, 2013 12:31pm
You state the recommended timeframe as 1hr but renko is not dependent on any timeframe so its a bit confusing. Also what are your general exit criteria?
  • #5
  • Edited 7:21pm Dec 18, 2013 12:40pm | Edited 7:21pm
Quoting shivam332
Hello everyone, this is Shivam from India. I find this system very useful and I'd like to share it with you guys. Renko chart with solar joy indicator is a complex trading system based on a renko chart and price action. Currency pairs: All Recommended Time frame: H1 or more. Rules for buy Support area formed; Candle open above the cloud; solar wind joy indicator is blue Renko am dot is blue and crossed up. Rules for sell Resistance area formed; Candle open below the could; solar wind joy indicator is red Renko am dot is red and crossed down. Let...

erased because was out of context.
  • #6
  • Dec 18, 2013 12:44pm Dec 18, 2013 12:44pm
Quoting guilherme
{quote} You are a thief. not even bother to make another picture. used mine. caught my system that I posted on another forum and come here with as much pomp say that the system is yours and you'd like to share with others. you really are very generous. and I did not like the name given to the system. Becomes clear that you have no idea what is Renko. Since talking to use higher time frame than 1H. You can only be kidding. You should be banned from the forum. Mods please take my request of banning this guy and erase the thread.
I never said that it is my system.
I download it from the external source.
I just shared it with people.
Don't be a yutz.
Bann me if you want. I don't care.
I just shared it with people.
What's so big deal with you?
First read it carefully. I never said it is my system.
Money never sleeps I can hear the dollar calling me
  • #7
  • Edited 7:21pm Dec 18, 2013 12:49pm | Edited 7:21pm
erased because was out of context
  • #8
  • Dec 18, 2013 12:52pm Dec 18, 2013 12:52pm
Quoting guilherme
auhauhauahuahauha "Renko chart with solar joy indicator is a complex trading system based on a renko chart and price action." You are so funny !!!!! Shame on you !!!!
Yep.
Thanks and yeah don't forget to ban me from this forum!
Money never sleeps I can hear the dollar calling me
  • #9
  • Dec 18, 2013 2:34pm Dec 18, 2013 2:34pm
dont know who is who all i know it works like a charm
  • #10
  • Dec 18, 2013 2:36pm Dec 18, 2013 2:36pm
Quoting stormtrader
dont know who is who all i know it works like a charm
Yes, you are right.
I'm not creator of this system and never quoted such.
I just find this system very useful that's all. To Peace.
Money never sleeps I can hear the dollar calling me
  • #11
  • Dec 18, 2013 2:43pm Dec 18, 2013 2:43pm
nice system and i think that it is very helpful for the newbies. i have downloaded that and i think that all is ok but i can not install renko chart like you
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 174 KB
  • #12
  • Dec 18, 2013 4:07pm Dec 18, 2013 4:07pm
Quoting shivam332
{quote} I never said that it is my system. I download it from the external source. I just shared it with people. Don't be a yutz. Bann me if you want. I don't care. I just shared it with people. What's so big deal with you? First read it carefully. I never said it is my system.

If you dont say it is not yours and dont tell where you get it. Of course only you and me will know itīs not yours. Thatīs all and simple like this. Thatīs how it works on forums. I have no problem sharing it. Because I already did it.
And if you are going to share something. First be right of what youīre saying. Time frame 1h ? come on......
But this forum is not for fight. So the discussion is over.
Peace, have a lot of pips. But remember to be more cautious about that next time.
  • #13
  • Dec 18, 2013 4:09pm Dec 18, 2013 4:09pm
Quoting rana420
nice system and i think that it is very helpful for the newbies. i have downloaded that and i think that all is ok but i can not install renko chart like you {image}
Have you look the picture with the rules ? You bought when Solar was red, renko am was going down, at the middle of the channel.....and you are not using renko. And if iīm not wrong during news release.
  • #14
  • Dec 18, 2013 4:10pm Dec 18, 2013 4:10pm
Quoting guilherme
{quote} If you dont say it is not yours and dont tell where you get it. Of course only you and me will know itīs not yours. Thatīs all and simple like this. Thatīs how it works on forums. I have no problem sharing it. Because I already did it. And if you are going to share something. First be right of what youīre saying. Time frame 1h ? come on...... But this forum is not for fight. So the discussion is over. Peace, have a lot of pips. But remember to be more cautious about that next time.
Okay. I apologize if you feel bad.
But honestly my intention was not to show off that its my system. I downloaded it from external source. and I found it very useful so I shared it.
PEACE.
Money never sleeps I can hear the dollar calling me
  • #15
  • Dec 18, 2013 4:27pm Dec 18, 2013 4:27pm
Histogram indicator repaints. Watched on 1 minute chart for the last hour or so. When change time frame and then go back to 1 min time frame the histogram repaints and shows a perfect entry, but not before I changed to the 1 hour and back. Just to let you all know. Good luck.
  • #16
  • Dec 18, 2013 4:36pm Dec 18, 2013 4:36pm
Hi Shivam,

Wich size of renko brick do you recommend?

Cheers

Rob
  • #17
  • Dec 18, 2013 6:42pm Dec 18, 2013 6:42pm
Quoting Bucko6667
Histogram indicator repaints. Watched on 1 minute chart for the last hour or so. When change time frame and then go back to 1 min time frame the histogram repaints and shows a perfect entry, but not before I changed to the 1 hour and back. Just to let you all know. Good luck.

There is a big difference between recalculating indicators and repainting ones.
I wont explaing here. Just google it. Indicators are meant to recalculate.
And this one is not a repaint indicator.
You could see it your self while you didnīt change the time frame. When you did it you made the indicator recalculate. Thatīs why we use renko. There is no time frame. It is what it is.
  • #18
  • Dec 18, 2013 6:44pm Dec 18, 2013 6:44pm
Quoting Robst3r
Hi Shivam, Wich size of renko brick do you recommend? Cheers Rob
This is very personal. Depends on the time you have to stay in front of your computer and if you prefer fast trades. In the picture of first post I used 5 pip brick. But I think the higher the better. I would say 10 pips is the best option.
You can try different brick size with the template and see each one gives you more signal and profit for example.
  • #19
  • Dec 18, 2013 8:58pm Dec 18, 2013 8:58pm
Here I am using 10 pip renko.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 104 KB
  • #20
  • Dec 18, 2013 9:00pm Dec 18, 2013 9:00pm
As soon as I have some spare time I will code an EA with this system. But it takes time to test, as it need to be forward test because backtesting with offline charts is trouble.
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