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Renko and Ichimoku Cloud Cross

  • #101
  • Mar 3, 2013 4:50am Mar 3, 2013 4:50am
I used two indicators to show me when the market was flat and going sideways.
The first is the CCI histos indicator (grey being the 'uncertain' area) and the second is the MACD flat market indicator that shows two lines - between them is the 'uncertain area'.
Collectively these indicators will help to assess when the market is going sideways/erratically.
MACD settings are 8/15 and the CCI are my standard 55/125.
These should help to keep you out of the market when it is going sideways.
George
Attached Image (click to enlarge)
Click to Enlarge Name: flat market.gif Size: 37 KB
Attached File(s)
File Type: mq4 MACD_FlatMarketDetector.mq4   4 KB | 689 downloads
File Type: ex4 CCI Histo 4 Colours.ex4   5 KB | 629 downloads
  • #102
  • Mar 3, 2013 11:29am Mar 3, 2013 11:29am
thank you that is what i was looking for
  • #103
  • Mar 4, 2013 3:41am Mar 4, 2013 3:41am
Glad to have helped Lotsofmoney.
Remember the setting for MACD Flat Market is 8/15 for ALL RenkoRangeBar settings.
George
  • #104
  • May 6, 2013 6:05pm May 6, 2013 6:05pm
Quoting jacioux
So its been about 3 months so i am not even sure who is still using this or not. I have found myself with a little but of time and thought i would post in case anyone new happen to come accross this. I am still using this system i changed my settings to 5,3,5 for the cloud and bars are now set to 8. Same entry cloud cross but now i trail a stop loss of 14 when 16 pips is hit and the stop loss is 15. The times are all the same i only trade 3:00 am MST to 5:00am - Then again at 6:00 am to 10:00am. I am attaching a new chart of what my setup looks...
Hi jacioux

I would like to try the EA on demo
Would you please be able to post or direct me to where I can apply your chart set up..............it looks very simple and clean

Interesting thread
Thanks. J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #105
  • Mar 19, 2014 2:46pm Mar 19, 2014 2:46pm
The EA stopped working on the 600 MT4 build. The EA was really only used at night when i was sleeping
  • #106
  • Mar 28, 2014 12:11pm Mar 28, 2014 12:11pm
Is anyone still trading Ichi or Renko together? Been a long time sense i visited the boards thought i would see if anyone new/old might be trading it still. Sense the mt4 600 build it took sometime but the Renko is working again. I have attached the one i use to make renkos. The setup is the same as in the first post.

The picture is of the EUR today Renko 10 bar. The entry is still the same first bar out and NOT touching the cloud enter one pip above stop is below the previous bar. Cloud setting are still 8,5,3.
Attached File(s)
File Type: ex4 RenkoRangeBarsV1.2 R_KG.ex4   11 KB | 417 downloads
  • #107
  • Mar 28, 2014 12:12pm Mar 28, 2014 12:12pm
Quoting jacioux
Is anyone still trading Ichi or Renko together? Been a long time sense i visited the boards thought i would see if anyone new/old might be trading it still. Sense the mt4 600 build it took sometime but the Renko is working again. I have attached the one i use to make renkos. The setup is the same as in the first post. The picture is of the EUR today Renko 10 bar. The entry is still the same first bar out and NOT touching the cloud enter one pip above stop is below the previous bar. Cloud setting are still 8,5,3. {file}
EUR/USD 3-28-14
Attached Image
  • #108
  • Apr 22, 2014 12:52am Apr 22, 2014 12:52am
Hi Jacioux,
I stumbled on this thread one day whilst researching Renko.This thread appears to be dead so you may not read this message.
I have developed a Love/Hate relationship with Renko over the years.Many folks have looked at Renko and thought it looks easy but in my Humble opinion that is not the case.
You have motivated me to again look at my old charts and and your Ichimoku settings.Have added my own indicators and different Ishimoku settings and will test on a live account..No Demos for me.

Have also put Ichimoku settings based on Fibonacci numbers with several Indicators on a Day Chart but have made it to be simplistic for an old chap.
Regards,
Ronald
Ronnie Renko
  • #109
  • Apr 22, 2014 5:19am Apr 22, 2014 5:19am
Quoting Ced74
Hi Jacioux, I stumbled on this thread one day whilst researching Renko.This thread appears to be dead so you may not read this message. I have developed a Love/Hate relationship with Renko over the years.Many folks have looked at Renko and thought it looks easy but in my Humble opinion that is not the case. You have motivated me to again look at my old charts and and your Ichimoku settings.Have added my own indicators and different Ishimoku settings and will test on a live account..No Demos for me. Have also put Ichimoku settings based on Fibonacci...
Hi Ronald, Im still here and i still trade this. I was like you it was hit and miss with Renko till i applied the Ichi cloud. I mostly trade with it during market opens like the US session and just target 10-20 pips a move. Just becareful with adding to many indicators with Renko and focus more on the support and resistant.
  • #110
  • Jul 9, 2014 11:25pm Jul 9, 2014 11:25pm
Hi Jacioux,
I do hope that you are well and that forex/life is treating you kindly.
My Love/Hate relationship continues with Renko.Doing O.K now after many years of trial and error.Even playing around with Gold....Must be keen for a Quid.
Do not use Ichimoku as For myself I found a simple MA did just as well and helped to keep my charts clean as I have additional indicators.
I do use candlestick charts on different time frames to give me a better picture of what is happening.
Just checked your age...Hell when I was 35 ..No forex and computers were bloody terrible..
Will check in again soon and will show you what I am doing for your evaluation.
Keep Safe.
Ronald
Ronnie Renko
  • #111
  • Jul 10, 2014 6:27am Jul 10, 2014 6:27am
Quoting Ced74
Hi Jacioux, I do hope that you are well and that forex/life is treating you kindly. My Love/Hate relationship continues with Renko.Doing O.K now after many years of trial and error.Even playing around with Gold....Must be keen for a Quid. Do not use Ichimoku as For myself I found a simple MA did just as well and helped to keep my charts clean as I have additional indicators. I do use candlestick charts on different...
Hi Ronald, I am not using Renko as much anymore ever sense MT4 had the new build update. All my indicators for the Renko stopped working and the ones that would attempt to work drained a ton of memory on the CPU. BUT i still use Ichimoku very heavy on 15, and 5 min charts. I still feel strongly about Renko bars as they can give a big picture on what is going on. I also like to keep my charts clean mine now are just Ichi and a couple of moving averages.
  • #112
  • Jul 10, 2014 9:14am Jul 10, 2014 9:14am
Hi Jacioux,
Almost Mid-night here in Melbourne Town.
Yes MT4 sure wasa pain with the new builds but I have my indicators working...As you know most require an Exe file now.
I was going to have an early night but I love those green Aussie dollars.....Chateau Cask money..
My target this Month is not to have any loosing trades...I do not count Break Even trades as losses.....Perhaps a Fools Target and that statement makes me sound like fool but I have been doing this ,Like yourself, for many years and have well and trully paid my dues which has included every mistake possible.
Sorry to ramble on Mate but it does become rather boring at this time of the night.

Good Luck

Cheers,
Ronald
Ronnie Renko
  • #113
  • Jul 10, 2014 10:12am Jul 10, 2014 10:12am
Quoting Ced74
Hi Jacioux, Almost Mid-night here in Melbourne Town. Yes MT4 sure wasa pain with the new builds but I have my indicators working...As you know most require an Exe file now. I was going to have an early night but I love those green Aussie dollars.....Chateau Cask money.. My target this Month is not to have any loosing trades...I do not count Break Even trades as losses.....Perhaps a Fools Target and that statement...
No worries. Your not a fool for that target of no losses, its just a goal you set for your self. I trade each morning from 5Am to 9AM and just aim for 20 pips. I have been trading so long that now i have weekly targets and goals. If its a good day and make the weekly goal i dont trade the rest the of the week. Are you using the renko system?
  • #114
  • Jul 10, 2014 10:29am Jul 10, 2014 10:29am
Just did a count for this Month and so far 28 trades for no losses..Currently have two GB/JPY buys ,two GB/US buys and a GB/Aud sell...all looking O.K at present..
I too have daily and Monthly targets....I beleive that one must have targets....I should shut down when I reach my weekly target but forex keeps me off the streets and away from any Bad Women..
The above trades are Renko for this Month...Last month was a combo of Renko and normal Candle trades with a very high S/Rate.....I do run multiple accounts using a Trade Copier.
I do not like to trade past 2.00 a.m my time so 33 minutes to go but usually check any trades running at 4.00 a.m ..Winter hers so do not stay up for long..

Keep Safe.
Ronald
Ronnie Renko
  • #115
  • Jul 10, 2014 11:17pm Jul 10, 2014 11:17pm
Jacioux I have sent a message to you.

Ronald
Ronnie Renko
  • #116
  • Dec 16, 2014 5:54pm Dec 16, 2014 5:54pm
Hey jacioux

You still trading this? Big fan of renko and ichi
  • #117
  • Dec 16, 2014 6:05pm Dec 16, 2014 6:05pm
Quoting GodFire
Hey jacioux You still trading this? Big fan of renko and ichi
Hello GodFire, Yes i am still trading this. Sense the MT4 update the Renko was not working so well and i switched to just standard candles. All the setting are the same and the entry and exits didnt change. There was not much interest in this so the thread died off a bit.
  • #118
  • Dec 17, 2014 3:37pm Dec 17, 2014 3:37pm
Quoting jacioux
{quote} Hello GodFire, Yes i am still trading this. Sense the MT4 update the Renko was not working so well and i switched to just standard candles. All the setting are the same and the entry and exits didnt change. There was not much interest in this so the thread died off a bit.
Hi jaciouxThere are many renko builders indicators. Just search for it! Maybe we should bring this thread back to life since I think that renko+ichi+high volatility pairs = profitable.Have you also used the default settings for the ichimoku with the renko bars?
  • #119
  • Jan 6, 2015 11:02pm Jan 6, 2015 11:02pm
Good to this thread is still alive.
Ronald
Ronnie Renko
  • #120
  • Jan 6, 2015 11:02pm Jan 6, 2015 11:02pm
Good to see.
R
Ronnie Renko
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