Renko 12MTR

Which MQ4 changes the candles?

GJ fail this time. Tried taking just the larger swings.

Me too... Time to sleep i guess for me. Asia time zone here.

question aside from easy order script what else do you guys use?

We know there will be failed trades.

EDIT: Please check you MA2 on the MOM_TC window...it looks like an EMA? Should me Smoothed.

I ask again...post screen shots of the included package indis only. It is important to have all our charts consistent. TY.

Please SOS! How can I change regular candles to BRICKS? Thanks

Not sure you understand how to set up a Renko chart. That is very hard to explain From another thread see if this helps.

 

1. Download Renko Chart Builder Indicator or EA to your temporary folder outside drive C:, Scan it for virus protection
2. If you use Windows 7 or above, make sure your MT4 program folder is outside of your Windows / Program files.
3. Copy or move your downloaded Renko Chart Builder program into MT4 folder. if this is Indicator type copy to MT4 Expert/Indicator folder, and if this is EA type then copy to MT4 Expert folder, Restart your MT4 if necessary.
4. Open your MT4 platform/program, and open M1 standard candlestick chart of pair that you need to create your offline renko chart as source data chart, for example M1 EURUSD.
5. Release auto scroll if active, and press Home Button at your Keyboard, to make sure you get enough bars for your source data chart. (for normal use, 2 or 3 months M1 bars data is enough).
6. Open your navigator window box, search your Renko Chart Builder Name. for Indicator type, search in custom indicator folder, for EA type, search in expert folder.
7. Click and Drag to your M1 source data chart, if window box input setting not automatically show up, then right click on your source data chart and select Indicator list ( Ctrl + I ) for Indicator type of Renko Chart Builder, or press F7 for EA type of Renko Chart Builder to open input setting window box.
8. Adjust the input setting, as you need, for this example of EURUSD. and suppose you use my MTH Composite Currency Renko Chart Builder Indi v01. just follow my explanation about input setting for this indicator above.
9. At Top Left Corner of your MT4 Platform, Select 'File' Menu and Select 'Open Offline' menu to open offline chart window box.
10. For this example, search for EURUSD, M10 and double click it to open your EURUSD Offline Renko Chart.
11. Apply your indicators or template to your offline renko chart.
12. I wish you success with your trading.

=================================== =====================

Sorry no more modded charts will be displayed.

Thanks got rid of smoothed now simple.

Does cross in indy one have to be above or below ma 70 or is that just for trend reference?

[quote=Jhlewis10;7420504]Not sure you understand how to set up a Renko chart. That is very hard to explain From another thread see if this helps. Download Renko Chart Builder Indicator or EA to your temporary folder outside drive C:, Scan it for virus protection If you use Windows 7 or above, make sure your MT4 program folder is outside of your Windows / Program files. Copy or move your downloaded Renko Chart Builder program into MT4 folder. if this is Indicator type copy to MT4 Expert/Indicator folder, and if this is EA type then copy to MT4 Expert folder, Restart your MT4 if necessary. Open your MT4 platform/program, and open M1 standard candlestick chart of pair that you need to create your offline renko chart as source data chart, for example M1 EURUSD. Release auto scroll if active, and press Home Button at your Keyboard, to make sure you get enough bars for your source data chart. (for normal use, 2 or 3 months M1 bars data is enough). Open your navigator window box, search your Renko Chart Builder Name. for Indicator type, search in custom indicator folder, for EA type, search in expert folder. Click and Drag to your M1 source data chart, if window box input setting not automatically show up, then right click on your source data chart and select Indicator list ( Ctrl + I ) for Indicator type of Renko Chart Builder, or press F7 for EA type of Renko Chart Builder to open input setting window box. Adjust the input setting, as you need, for this example of EURUSD. and suppose you use my MTH Composite Currency Renko Chart Builder Indi v01. just follow my explanation about input setting for this indicator above. At Top Left Corner of your MT4 Platform, Select 'File' Menu and Select 'Open Offline' menu to open offline chart window box. For this example, search for EURUSD, M10 and double click it to open your EURUSD Offline Renko Chart. Apply your indicators or template to your offline renko chart. I wish you success with your trading. =================================== =====================[
THaaanks! I'll try

And I did not follow rules in that trade. Candles were not red. Example of bad trade.

For me...As long as the Williams% and MOM_TC are not BOTH buried in OB or OS. If they are...I will usually pass on that pair.

Hi Smokey so you mean the preference should be for the 2 indis to be outside OB and OS?

Because they're both oscillator based indis, we know that price can continue to move in the same direction for a couple days, therefore seeing any oscillator based indi buried in OB or OS for those couple of days.

My rule of thumb is I look to have at least one of them not buried. It gives me the reassurance that there is still the strong possibility for price to move 2 bricks.

thanks. that makes sense. do you use 25 25 for williams and 60 60 for mom tc?

wow GA shot up so fast! lets wait for pull back

Honestly...I never look at them. I just want to have one of them below/above their respective OB/OS area.

Hi Jhlewis10 or anyone else who can help me,

I have 2 quick questions please since I have Windows 7:
1.) when you say " Download Renko Chart Builder Indicator or EA to your temporary folder outside drive C",
can you please explain where to put this temporary file since I only have a C drive - no other drives. Where exactly do I put the temp folder "outside drive C" ?
2.) is the MT4 chart itself downloaded into this same temporary file outside of C drive also as in Question#1, or if not then where to?

thanks very much for your very valuable help.
traderdp
David

First taste of profit today on GY short

GA short i closed with 3 pips profit only.
Now open GY long

Hi SmokeyD,
Did you backtested the EA? if yes, how was the result?

Hello bibi,

You really need to spend some time learning about Renko/Range charts. EA's used in these types of charting are not EA's that open and close trades...they are the EA that simply create pip based charts as opposed to time based charts.