Renko Trading Discussion | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Trading Renko 1,136 replies

My Renko System Discussion 10 replies

RENKO Trading SYSTEM - RENKO Indicators 7 replies

Renko iHarvest Trading Discussion 5 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

Attachments: Renko Trading Discussion
Exit Attachments

Renko Trading Discussion

  • #81
  • Edited 1:10am Nov 5, 2015 12:17am | Edited 1:10am
Attached Image (click to enlarge)
Click to Enlarge Name: messageImage_1446705898565.jpg Size: 118 KB


Hi How can i get the chart of renko on mt4 could you please give me full information first i have a logic on renko might be useful on breakout of double top and bottom something like this but i need how to see the renko chart on mt4 then will give some idea for this Thanks
  • #82
  • Nov 5, 2015 7:05am Nov 5, 2015 7:05am
Quoting MathTrader7
{quote} Hello maxwell, what are the red and gray bands on your chart?

Sorry for the late reply....., just tooo busy!

The red band is PB-channel (which is a TMA channel that repaints). The white band is the regular TMA band that does not repaint. You will have to set the size of the bands to your liking.

Thanks
  • #83
  • Nov 6, 2015 7:15am Nov 6, 2015 7:15am
Hi,
I am a big fan of Renko Bricks. Lot of thanks to you for opening this thread. I need a Mathtrader live chart creator EA with 50 points and 2 minute settings. So i will be helpfull if you provide it.......
Attached Image
  • #84
  • Nov 7, 2015 8:44am Nov 7, 2015 8:44am
Hi can any one make this type of indicator attach bellow.
Attached Image (click to enlarge)
Click to Enlarge Name: currency-pairs-correlation-chart.jpg Size: 147 KB
  • #85
  • Edited 1:35pm Nov 7, 2015 9:19am | Edited 1:35pm
Quoting saiffx
Hi, I am a big fan of Renko Bricks. Lot of thanks to you for opening this thread. I need a Mathtrader live chart creator EA with 50 points and 2 minute settings. So i will be helpfull if you provide it....... {image}
The settings you show in the image is correct for your purpose.
Trading is the hardest way to make easy money...
  • #86
  • Edited Nov 10, 2015 1:20am Nov 9, 2015 2:11pm | Edited Nov 10, 2015 1:20am
Hi, Mathtrader
I develop a strategy based on your Mathtrader chart creator EA.

I make RENKO chart using 50 points (5 Pips) in 2 mn (Renko chart time frame) in daily Chart. Then I plot 50, 21 and 8 EMA. 50 EMA is my main trend line,
i.e, when price is above 50 EMA we never go on short, Only go for buy when price retrace from 21 or 50 EMA to the upside creating a nongap brick.

Same condition for Sell entry.
i.e; When price is below 50 EMA I never go for buy.
Only go for sell when price retrace from 21 or 50 EMA to the downside creating nongap brick.

SL will be 20 (nongap brick + one brick + 5 pips) pips. tp set to opposite brick creation. several order will be place after 2/3 bricks. all position will close after opposite candle. Other setting will be as per your EA.

Can you help us by making an EA conditions mention above.

Here i place an image for your clarification.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.jpg Size: 193 KB
  • #87
  • Nov 10, 2015 1:12am Nov 10, 2015 1:12am
Original Idea For EA:

MathTrader Non-Gap Renko EA setup: 50 point bricks, Time Frame 2 and Chart Time frame 1 day.

For Buy:
1. Price Above 50 EMA or slope of 50 and 21 EMA.
Take Profit Or Close of order: Opposite 1st candle.

For Sell:
1. Price Down 50 EMA or Slope of 50 and 21 EMA.
Take Profit or close of order: Opposite 1st candle.

Its Just a Simple method and working very fine. There should have an option to buy or sell If price below or above the EMA line. i.e, If someone enter into buy when the price is below the EMA line than he may enter first buy candle close and exit should be opposite sell candle close. Another, If someone enter into Sell when the price is above the EMA line than he may enter first sell candle close and exit should be opposite buycandle close. This option can be added to the EA.

Sorry for my bad English though I am not a native English guy.
  • #88
  • Nov 10, 2015 5:57pm Nov 10, 2015 5:57pm
Quoting MathTrader7
Version 1.41 of Non-gap Renko Chart Creator EA released. This version is compiled and tested on MetaTrader 4 Build 890
Very new to MT4 just loaded MT4 v4 build 890 beginning of October. Messed up and downloaded some renko charts that didn't go with build 890. Had to reinstall MT4. MathTrader7 I want to try version 1.41. What do I need to change in tools/options/charts and tools/options/experts advisors which they've change around in new update. Very new to this. I need installation for dummies
  • #89
  • Nov 10, 2015 6:07pm Nov 10, 2015 6:07pm
Quoting nuumzie
{quote} Very new to MT4 just loaded MT4 v4 build 890 beginning of October. Messed up and downloaded some renko charts that didn't go with build 890. Had to reinstall MT4. MathTrader7 I want to try version 1.41. What do I need to change in tools/options/charts and tools/options/experts advisors which they've change around in new update. Very new to this. I need installation for dummies
I have written a step-by-step instruction how to generate a Renko chart in Post 1 of non-gap Renko chart creator EA thread.
Trading is the hardest way to make easy money...
  • #90
  • Edited 1:08pm Nov 20, 2015 12:41pm | Edited 1:08pm
Olá Math acompanhar o desenvolvimento da EA Renko Math Trade desde a primeira versão, mesmo até a versão 3.35. I operar manualmente já há algum tempo usando somente um indicador que me dá Muitos grandes lucros. Vou anexá-los para dar u avaliadas com o objetivo de fazer um EA u.
Acho que a primeira versão da EA deve ser feito somente com os sinais do indicador de compra / venda.
1 - Quando o indicador da EA sinal de compra abre uma operação de compra.
2 - Quando o indicador de um novo sinal de venda, a EA fecha a transação que estava aberto para comprar e abra a venda.
3 - O quadro H1 tempo
4 - EUR / USD
5 - Horas par operar - LONDRES / NOVA YORK
Attached File(s)
File Type: ex4 Mega_Fx.ex4   13 KB | 680 downloads
File Type: mq4 Mega_Fx.mq4   5 KB | 745 downloads
  • #91
  • Nov 20, 2015 1:10pm Nov 20, 2015 1:10pm
Hello Math follow the development of EA Renko Math Trade since the first version, even the 3:35 version. I operate manually for some time using only an indicator that gives me lot of big profits. I will attach them to give u evaluated in order to make a u EA.
I think the first version of the EA should be done only with the signs of the purchase indicator / sale.
1 - When the indicator EA's buy signal opens a purchase transaction.
2 - When the indicator of a new sell signal, EA closes the transaction that was open to buy and open the sale.
3 - Table H1 time
4 - EUR / USD
5 - Hours pair operate - LONDON / NEW YORK
Attached File(s)
File Type: ex4 Mega_Fx.ex4   13 KB | 830 downloads
File Type: mq4 Mega_Fx.mq4   5 KB | 850 downloads
  • #92
  • Nov 22, 2015 12:19pm Nov 22, 2015 12:19pm
Here is Version 1.01 of MathTrader7_RenkoChangeAlertIN indicator that sends email notification whenever a reverse Renko candle is formed.
Note: This indicator only works on non-gap Renko charts. You can download a non-gap Renko builder EA from here​.
Attached File(s)
File Type: ex4 MathTrader7_RenkoChangeAlertIN.ex4   112 KB | 914 downloads
Trading is the hardest way to make easy money...
  • #93
  • Nov 22, 2015 8:53pm Nov 22, 2015 8:53pm
Quoting MathTrader7
Here is Version 1.01 of MathTrader7_RenkoChangeAlertIN indicator that sends email notification whenever a reverse Renko candle is formed. Note: This indicator only works on non-gap Renko charts. You can download a non-gap Renko builder EA from here​. {file}
"Like"
  • #94
  • Nov 22, 2015 11:29pm Nov 22, 2015 11:29pm
huge fan of renko bars, looking forward to some brilliant strategies for this. thanks guys.
  • #95
  • Nov 26, 2015 3:54pm Nov 26, 2015 3:54pm
Here is the first version of an EA that trades based on ADX signals on non-gap Renko charts. You can find the EA in Post 1.
Attached Image (click to enlarge)
Click to Enlarge Name: BT.png Size: 43 KB
Trading is the hardest way to make easy money...
  • #96
  • Nov 29, 2015 4:49am Nov 29, 2015 4:49am
Here is the first version of an EA that trades based on Parabolic SAR signals on non-gap Renko charts. You can download the EA from Post 1.
Attached Image (click to enlarge)
Click to Enlarge Name: BT.png Size: 46 KB
Trading is the hardest way to make easy money...
  • #97
  • Edited 11:02am Nov 29, 2015 10:52am | Edited 11:02am
Quoting MathTrader7
Here is the first version of an EA that trades based on Parabolic SAR signals on non-gap Renko charts. You can download the EA from Post 1. {image}
Thanks MT7
It would be great if an exit rule of opposite candle is set.

Regards,
Saiffx
  • #98
  • Nov 29, 2015 12:36pm Nov 29, 2015 12:36pm
Quoting saiffx
Hi, Mathtrader I develop a strategy based on your Mathtrader chart creator EA. I make RENKO chart using 50 points (5 Pips) in 2 mn (Renko chart time frame) in daily Chart. Then I plot 50, 21 and 8 EMA. 50 EMA is my main trend line, i.e, when price is above 50 EMA we never go on short, Only go for buy when price retrace from 21 or 50 EMA to the upside creating a nongap brick. Same condition for Sell entry. i.e; When price is below 50 EMA I never go for buy. Only go for sell when price retrace from 21 or 50 EMA to the downside creating nongap brick....
hello saiff, why do you put the renko on a daily timeframe ? doesnt it smooth price a little ? i believe the lowest timeframe possible is a better option.
  • #99
  • Nov 29, 2015 2:51pm Nov 29, 2015 2:51pm
Quoting metta87
{quote} hello saiff, why do you put the renko on a daily timeframe ? doesnt it smooth price a little ? i believe the lowest timeframe possible is a better option.
Hi MT7,

Basically I am a long time trader.
Nothing behind of selecting D1 chart.

Thanks once again,

Saiffx
  • #100
  • Nov 29, 2015 3:41pm Nov 29, 2015 3:41pm
mathtrader, i know you like renko but are you also a point and figure chart fan ?
4 traders viewing now