Renko channel + Fast EMA = simple and profitable | Forex Factory

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Renko channel + Fast EMA = simple and profitable

  • #1
  • First Post: Edited 3:51pm Nov 3, 2015 3:10pm | Edited 3:51pm
There are just 2 indicators, but looks how powerfull!

I just using this 2 indicators Fast3MA and Renkostreet_channel


http://s11.postimg.org/wxbhw53lv/Przechwytywanie.png
post images


Price channel repaint but it doesnt matter. It based on price action high and low, and if H/L got break its just reapint. For renko chart this is powerfull stuff. We need bounce of channel and react for fast EMA.

Its would be nice if somebody, for example MathTrader7 who is very smart programmed would make EA for it.
Simple rules = React price for high low of channel = bounce and close below of EMA for sell or above ema for BUY

We can filtr for better entry in 200 EMA direction.

STOP LOSS in last high or low of channel, we exit, when candle close above or below EMA in opposite direction.

Holy Grall?


Edit. I upload also mql version of channel - here not dot but arrow, but its same. Mql code just for programmers

Edit2: Here more clearly rules

http://s1.postimg.org/hf1t0ksr3/Przechwytywanie.png
pic host

1. Wait for bounce from channel
2. Candle reversal close below EMA for Sell, candle reversal above ema for buy
3. We exit only when candle close above or below EMA. Like in example in 3post

Candle need close!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 24 KB
Attached File(s)
File Type: ex4 PBF_Fast_3MAs.ex4   6 KB | 14,908 downloads
File Type: mq4 PBF_Fast_3MAs.mq4   6 KB | 15,764 downloads
File Type: ex4 RenkoStreet_channel.ex4   9 KB | 17,060 downloads
File Type: mq4 super-signals-channel.mq4   2 KB | 16,981 downloads
  • #2
  • Nov 3, 2015 3:19pm Nov 3, 2015 3:19pm
what time frame do you trade this system on
  • #3
  • Nov 3, 2015 3:32pm Nov 3, 2015 3:32pm
Its renko no timefrate based on 10 pips box size.


look how many pips to get what RR... SL just above/below H/L and take pips before EMA out
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
  • #4
  • Nov 3, 2015 3:39pm Nov 3, 2015 3:39pm
Fast3MA indicator on my chart looks different than yours, any idea?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 48 KB
Trading is the hardest way to make easy money...
  • #5
  • Nov 3, 2015 3:45pm Nov 3, 2015 3:45pm
Quoting MathTrader7
Fast3MA indicator on my chart looks different than yours, any idea? {image}

Hey Math its just this one option take off and will be same
Attached Image
  • #6
  • Nov 3, 2015 4:04pm Nov 3, 2015 4:04pm
In 200 EMA direction filtr i think we should have more money in long time period trading automaticly it. Main Trend is always your friend, but i see reversal signals are also good, but more risker.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
  • #7
  • Nov 3, 2015 4:05pm Nov 3, 2015 4:05pm
Quoting skyler
Its renko no timefrate based on 10 pips box size. look how many pips to get what RR... SL just above/below H/L and take pips before EMA out {image}
So simple and intersting strategy!

How long have you been using this strategy?
  • #8
  • Nov 3, 2015 4:27pm Nov 3, 2015 4:27pm
Quoting skyler
{quote} Hey Math its just this one option take off and will be same {image}
Okay, looks promising to my eyes running it on the MT4 strategy tester. I'll give it a try to automate.
Trading is the hardest way to make easy money...
  • #9
  • Nov 3, 2015 5:25pm Nov 3, 2015 5:25pm
Quoting MathTrader7
{quote} Okay, looks promising to my eyes running it on the MT4 strategy tester. I'll give it a try to automate.
I hope you can make EA
  • #10
  • Nov 3, 2015 5:30pm Nov 3, 2015 5:30pm
Quoting MathTrader7
{quote} Okay, looks promising to my eyes running it on the MT4 strategy tester. I'll give it a try to automate.
Cool, i love you bro!

Could you test 5 examples of trading? Entry rule are always same (bounce of channel and candle close crossed EMA, but lets check this examples:

1. Exit when candle out of EMA like in default rules
2. Exit when one candle change direction
3. Exit when 2 candle change direction
4. Take all signals
5. Take only signals in 200 EMA directions


Lets check whats settings gonna give the most of money! Waiting for results bro, regards.

Edit: There is idea also about plot 2 EMA in default settings. When they cross take trade, its something like 1 candle more smoothed
  • #11
  • Nov 3, 2015 7:04pm Nov 3, 2015 7:04pm
Thanks for your strategy, it looks pretty good. I really want to test it, but my problem is, that i have no Renko Chart.

Is it possible that you upload the indicator/ EA you create the Renko Charts with?
Best regards
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #12
  • Nov 3, 2015 7:20pm Nov 3, 2015 7:20pm


If you believe in yourself anything is possible !!
  • #13
  • Nov 3, 2015 9:04pm Nov 3, 2015 9:04pm
Quoting M0ndm4nn18
Thanks for your strategy, it looks pretty good. I really want to test it, but my problem is, that i have no Renko Chart. Is it possible that you upload the indicator/ EA you create the Renko Charts with? Best regards
Here is one, I've been using it with no problems.
Attached File(s)
File Type: ex4 renkolivecharts_pimped_v4_13.ex4   24 KB | 6,320 downloads
  • #14
  • Nov 3, 2015 9:09pm Nov 3, 2015 9:09pm
I found these renko - more profitable and the good thing don't need any indicators -- can be traded bare Naked }}}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #15
  • Nov 3, 2015 9:41pm Nov 3, 2015 9:41pm
Quoting zamanib
I found these renko - more profitable and the good thing don't need any indicators -- can be traded bare Naked }}} {image}
post the expert please? and what settings are you using for it?
  • #16
  • Nov 3, 2015 11:05pm Nov 3, 2015 11:05pm
Looks profitable. I will try it
  • #17
  • Nov 4, 2015 12:00am Nov 4, 2015 12:00am
Hi Zamanib,

where is the indi? let me try.

thanks,



Quoting zamanib
I found these renko - more profitable and the good thing don't need any indicators -- can be traded bare Naked }}} {image}
  • #18
  • Nov 4, 2015 3:04am Nov 4, 2015 3:04am
Quoting conradmied
what time frame do you trade this system on
a beer for your excellent joke :o)
Dont Follow The Mass !!!
  • #19
  • Nov 4, 2015 3:17am Nov 4, 2015 3:17am
Quoting zamanib
I found these renko - more profitable and the good thing don't need any indicators -- can be traded bare Naked }}} {image}
Kiads shifted renko charts can't be traded naked.....
Enter Signature
  • #20
  • Nov 4, 2015 4:12am Nov 4, 2015 4:12am
i have heard that renko chart repaints.
The thing goes like this :
You have a chart with, let say, 5000 bars
First bar starts at 00:00 01.01.2015 (just an example)
As long as you do not restart terminal, the number of bars rises, that first bars does not change and renko is effectively anchored. But if you restart the terminal, it again loads last 5000 bars, starting time (and value) changes, and your renko changes.
So by keeping it run all the time, you are effectively anchoring renko and preventing it from repainting (without having a code that does that). If you restart terminal, anchor is lost, and the repainting happens
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