Renko + TMA slope + MACD Colored | Forex Factory

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Attachments: Renko + TMA slope + MACD Colored
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Renko + TMA slope + MACD Colored

  • #1
  • First Post: Edited Nov 27, 2015 8:47am Nov 24, 2015 10:33am | Edited Nov 27, 2015 8:47am
Hi to all.I'm starting this thread to show you my way of renko trading style.I'm going to use live account and post trades with charts later.I will trade mostly GBPNZD,GBPAUD,EURNZD,EURAUD(this is not limitation of the system or trading style,this is how I feel and want to trade) Please feel free to choose your pairs and trade with template. Feel free to ask anything i will respond as soon as i'm online.
Happy piping to all

Here's my set of indicators and template.
i-Session is set according to my time GMT+2
green box(London open),silver box(New York open)
How to set renko (my setup is renko 10 pips)
1. Open the M1 chart.
2. Scroll back the chart so that you have 2 months history data.
3. Now drag the "renkolivecharts_pimped_v4_13_600.ex4" EA on M1 chart.
4. Enter the RenkoBoxSize you want on the inputs tab.
5. Click OK. Make sure Expert Advisors is ON, on MT4.
6. Now click File menu and select Open Offline.
7. From the list search M2 for the pair and double click on it.
8. This will open Renko Chart
Inserted Video

Attached File(s)
File Type: rar Renko+TMA slope+MACD colored.rar   127 KB | 3,838 downloads | Uploaded Nov 26, 2015 4:07pm

Renko style 5 pip(ENTRY and EXIT rules are same as the original Renko style).Set Renko charts to 5 pip if you want to use this.
Attached File(s)
File Type: tpl Renko style 5 pip.tpl   48 KB | 1,891 downloads | Uploaded Nov 27, 2015 8:47am


According to this http://etfhq.com/blog/2013/01/15/gol...h-is-the-best/
and http://etfhq.com/blog/2013/02/26/macd-test-results/ I made second template.Feel free to test and share the results
Attached File(s)
File Type: tpl Renko style 2.tpl   49 KB | 1,676 downloads

Sell= EMA 13 below EMA48,PA below both and just crossed down EMA 13 with first candle,slope must be red and showing below -04,MACD must be below 0, MACD histo must be red
Buy = EMA 13 above EMA 48,PA above both and just crossed up EMA 13 with first candle,slope must be green and showing above 0.4,MACD must be above 0,MACD histo must be blue

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM2.png Size: 67 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM2.png Size: 76 KB
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  • #2
  • Edited 11:16am Nov 24, 2015 10:53am | Edited 11:16am
Examples from charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDM2.png Size: 52 KB
Click to Enlarge Name: GBPAUDM2.png Size: 58 KB
Click to Enlarge Name: EURAUDM2.png Size: 51 KB
Click to Enlarge Name: EURNZDM2.png Size: 50 KB
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  • #3
  • Nov 24, 2015 11:20am Nov 24, 2015 11:20am
Why not EURUSD? How long yu are trading in this system. I am a big fan of Renko. Thanks for sharing. Put more chart with examples and your trade.
  • #4
  • Nov 24, 2015 11:25am Nov 24, 2015 11:25am
Hi Kumetto,

As a Renko trader, I like your trading style.
Just a quick question, what is the size of Renko bricks that you use?

Best,
Math
Trading is the hardest way to make easy money...
  • #5
  • Nov 24, 2015 11:27am Nov 24, 2015 11:27am
Quoting MathTrader7
Hi Kumetto, As a Renko trader, I like your trading style. Just a quick question, what is the size of Renko bricks that you use? Best, Math
Hi Math
I'm using renko 10 pips.
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  • #6
  • Nov 24, 2015 11:29am Nov 24, 2015 11:29am
Quoting mpradeep
Why not EURUSD? How long yu are trading in this system. I am a big fan of Renko. Thanks for sharing. Put more chart with examples and your trade.
I was trading EU before.I like to trade more volatile pairs.
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  • #7
  • Nov 24, 2015 11:59am Nov 24, 2015 11:59am
Hi Kumetto,


nice setup with renko bars. Do you trade manual or use EA for entry?

Coz with renko need to watch all long for the bar to complete dunno until when.
Look for it and you will find it
  • #8
  • Nov 24, 2015 12:14pm Nov 24, 2015 12:14pm
Quoting braveh4rt
Hi Kumetto, nice setup with renko bars. Do you trade manual or use EA for entry? Coz with renko need to watch all long for the bar to complete dunno until when.
It's manual,but you have New_Candle_Alarm to alarm you when new candle is open
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  • #9
  • Nov 24, 2015 2:51pm Nov 24, 2015 2:51pm
Hey Kummeto, but u also trading against ema ?
  • #10
  • Nov 24, 2015 3:28pm Nov 24, 2015 3:28pm
Quoting cikurakum
Hey Kummeto, but u also trading against ema ?
Well depends what is the distance between them.If i see some pips there i take the trade.It's agains't the rules,but somethimes we can get some green
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  • #11
  • Edited 1:38am Nov 25, 2015 1:05am | Edited 1:38am
I thinks tma slope repaints heavily
  • #12
  • Edited 4:05am Nov 25, 2015 3:35am | Edited 4:05am
EN short according to style2 , SL set to BE +1 at +20.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM2.png Size: 28 KB


Locked +101 and keep moving
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM21.png Size: 27 KB

TP +40 as it reached previous support.Not bad
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM22.png Size: 37 KB
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  • #13
  • Nov 25, 2015 4:00am Nov 25, 2015 4:00am
Quoting kumetto
EN short according to style2 , SL set to BE +1 at +20. {image} Locked +101 and keep moving {image}
Hy sorry for noobies question, but why are'nt you enter before ? Seems all condition were better? Or not?
Thanks
Regards

edit ... maybe cause was not in session?
Regards
  • #14
  • Nov 25, 2015 4:28am Nov 25, 2015 4:28am
Quoting cescof
{quote} Hy sorry for noobies question, but why are'nt you enter before ? Seems all condition were better? Or not? Thanks Regards edit ... maybe cause was not in session? Regards
Hi,
Was not in session.I woke up 15 min before London open .And i don't trade before that
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  • #15
  • Nov 25, 2015 4:52am Nov 25, 2015 4:52am
According to style2...
For Sell MACD must be Below '0' or must be below '0' AND must to be Red?
For Buy MACD must be Over '0' or must be over '0' AND must be Blue?

Thanx
  • #16
  • Nov 25, 2015 4:53am Nov 25, 2015 4:53am
This was a good setup too
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM2.png Size: 46 KB
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  • #17
  • Nov 25, 2015 5:03am Nov 25, 2015 5:03am
Quoting laksior
According to style2... For Sell MACD must be Below '0' or must be below '0' AND must to be Red? For Buy MACD must be Over '0' or must be over '0' AND must be Blue? Thanx
Hi laksior,
According to style 2 :
Sell= EMA 13 below EMA48,PA below both and just crossed down EMA 13 with first candle,slope must be red and showing below -04,MACD must be below 0, MACD histo must be red
Buy = EMA 13 above EMA 48,PA below both and just crossed up EMA 13 with first candle,slope must be green and showing above 0.4,MACD must be above 0,MACD histo must be blue
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  • #18
  • Nov 25, 2015 5:10am Nov 25, 2015 5:10am
As we can see EN setup produced +100 and going
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM2.png Size: 42 KB
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  • #19
  • Nov 25, 2015 5:10am Nov 25, 2015 5:10am
Thanks for sharing!
Exit rules?
Just an opinion. Based on research
  • #20
  • Nov 25, 2015 5:18am Nov 25, 2015 5:18am
Quoting kumetto
{quote} Hi laksior, According to style 2 : Sell= EMA 13 below EMA48,PA below both and just crossed down EMA 13 with first candle,slope must be red and showing below -04,MACD must be below 0, MACD histo must be red Buy = EMA 13 above EMA 48,PA below both and just crossed up EMA 13 with first candle,slope must be green and showing above 0.4,MACD must be above 0,MACD histo must be blue
Thanx,
https://gyazo.com/98b9709dca1577c8dd77d7df0b461d37.png
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