Renko Swing: a noise scalping strategy to milk trends and news

Hi gents,

I'm personally a huge fan of heiken ashi charts but lately decided to give a try to Renko Charts that make patterns extremely clear and noiseless.
I lately fell on this screenshot (first attachement) from a random guy on a TSD post and had the following idea:

Attached Image (click to enlarge)

What if, using (or not) Renko on M1 timeframe with:

Indicators:

*50SMA slope as hourly trend indicator
*ATR 60 as volatility filter
*Stochastic cross (fast enough settings, 14,3,3 or 15,4,4/15,5,5) as swing indicator
*Fast cross 5EMA/8SMA (FX Bootcamp setup) as entry/exit points

Conditions:

Filter 1 (Trend):
If 50SMA slope>0, only long entries
If 50SMA slope<0, only short entries

Filter 2 (Swing wide enough to wipe spread out):
ATR 60>2*spread

Long entry:
Stoch upward cross followed by 5EMA/8SMA upcross

Short entry:
Stoch downward cross followed by 5EMA/8SMA downcross

See second image for yesterday's last market hour on USDJPY results
Attachment

I will test the milking strategy on monday's Sydney's hours and give you guys more results.
I am sure we can end up doing something with more filters, clear and simple based on this easy setup.

Cheers

Always interested in Renko based strategies. Hope to see this developed more.

Hi Edorenta,

I am very interesting in renko, what renko dou you use?
Can you please attached your renko.

Thanks,
Lydia

What size renko are you using?

This is an aside but, having used renko for a while, I would like a tool that would increase and decrease
renko box size based on volatility. You can do it manually but...

My observations are that is often the difference between profit and loss regardless of the entry/exit scheme.

Your setup looks good!

renko is a good strategy ..

Thanks bro for the explain

the set up don't work on renko lose all entry, on actual chart it's the opposite.

Hi, can you share the renko indicator please. I'll give this strategy a try and share results with you. thanks

Yes, could you please share your indicators? I use this arrow buy sell indicator(attached) for my chart

OK I will post indi's tomorrow on clivepackham

This indicator good with clives. Anyway I like to see your results

sorry unable to upload indicators.I tried but don't work

VERIFIED post EA Renko Builder v1.05 breakout

You can Share the indicator and tamplate thx so mutch

PLease post results

Ok thx so mutch i try and give my response tyvm

time for sleep

Time to wake up for good health and other good things

Can you tell us what is your renko size?

The first chart posted by Edorenta I think it was 5 and maybe a median renko. The last two chart is another system