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Renko Bounce Trade

  • #221
  • Jun 28, 2016 2:09am Jun 28, 2016 2:09am
Hello

I try the Version 1.30.

But no 2min offline chart was created.
When I try to use the Periode converter skript it createt a 2M chart but ther is no renko bars.
What do i wrong?
  • #222
  • Jun 28, 2016 3:22am Jun 28, 2016 3:22am
youtube and/or google have idiot guides on how to do all this stuff.
  • #223
  • Jun 28, 2016 12:49pm Jun 28, 2016 12:49pm
Quoting MathTrader7
{quote} Please explain with a screenshot.
Certainly... The renko brick size is set to 25 pips, so the difference between the close price and open price of any two bricks is 25 pips, so a full brick is measured at 50 pips taking into consideration the median range of the renko chartt brick in any direction, sometimes with a wick worth a few pips

The arrows point to bricks with wicks which were more than 50 pips and yet a new brick didn't form, why? it's killing my margin with unwanted SL hits
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 25 KB
  • #224
  • Jun 28, 2016 1:56pm Jun 28, 2016 1:56pm
Quoting tkhan011
{quote} Certainly... The renko brick size is set to 25 pips, so the difference between the close price and open price of any two bricks is 25 pips, so a full brick is measured at 50 pips taking into consideration the median range of the renko chartt brick in any direction, sometimes with a wick worth a few pips The arrows point to bricks with wicks which were more than 50 pips and yet a new brick didn't form, why? it's killing my margin with unwanted SL hits {image}
This chart is not generated by my non-gap Renko builder EA. I do not use median Renko charts. What EA/Indicator did you use to generate this chart?
Trading is the hardest way to make easy money...
  • #225
  • Jun 28, 2016 1:59pm Jun 28, 2016 1:59pm
To simplify (and referring to normal renko) a 10 brick renko can move 29 points without forming a new brick.
  • #226
  • Jun 28, 2016 3:26pm Jun 28, 2016 3:26pm
Quoting MathTrader7
{quote} This chart is not generated by my non-gap Renko builder EA. I do not use median Renko charts. What EA/Indicator did you use to generate this chart?
just one i found here in one of the threads, will attach with post . I don't think am going to use it any further but i have experienced the same with many of the popular ones too. which is the one you use? And have you come across a mean renko EA/indi that doesn't do this?
Attached File(s)
File Type: ex4 OffSetRenko670.ex4   22 KB | 618 downloads
  • #227
  • Jun 28, 2016 3:36pm Jun 28, 2016 3:36pm
Quoting handy148
To simplify (and referring to normal renko) a 10 brick renko can move 29 points without forming a new brick.
I've noticed... can you explain wy and is there a way to fix this, or is it a coding issue
  • #228
  • Jun 28, 2016 3:53pm Jun 28, 2016 3:53pm
Quoting tkhan011
{quote} just one i found here in one of the threads, will attach with post . I don't think am going to use it any further but i have experienced the same with many of the popular ones too. which is the one you use? And have you come across a mean renko EA/indi that doesn't do this? {file}
You can download my non-gap Renko builder EA from here.
Trading is the hardest way to make easy money...
  • #229
  • Jun 28, 2016 3:58pm Jun 28, 2016 3:58pm
Quoting MathTrader7
{quote} You can download my non-gap Renko builder EA from here.
i did, and i've been testing it all day, and it's doing the same too
Attached Image (click to enlarge)
Click to Enlarge Name: Untitledl.png Size: 22 KB
  • #230
  • Jun 28, 2016 4:02pm Jun 28, 2016 4:02pm
Quoting tkhan011
{quote} i did, and i've been testing it all day, and it's doing the same too {image}
According to the definition of Renko charts, those wicks are quite normal. If the Renko brick size is N pips, to form a reverse Renko brick the price must travel 2xN pips in the opposite direction from the close of the previous Renko brick so that a new brick is formed.
Trading is the hardest way to make easy money...
  • #231
  • Jun 28, 2016 4:46pm Jun 28, 2016 4:46pm
Quoting MathTrader7
{quote} According to the definition of Renko charts, those wicks are quite normal. If the Renko brick size is N pips, to form a reverse Renko brick the price must travel 2xN pips in the opposite direction from the close of the previous Renko brick so that a new brick is formed.

Yes i understand now, your input in this thread and many others has been priceless, thank you
  • #232
  • Jun 28, 2016 4:47pm Jun 28, 2016 4:47pm
tkhan011 - you are using so called non gap renko which is alien to me.

The reason why with "normal" 10 brick renko that you can get the 29 pips mentioned above is obvious. With traditional renko you cannot get 2 bricks side by side. Suggest you use that great resource known as google and read up on the subject.
  • #233
  • Edited 6:57pm Jun 28, 2016 6:23pm | Edited 6:57pm
Quoting handy148
tkhan011 - you are using so called non gap renko which is alien to me. The reason why with "normal" 10 brick renko that you can get the 29 pips mentioned above is obvious. With traditional renko you cannot get 2 bricks side by side. Suggest you use that great resource known as google and read up on the subject.
Thank you for stating what is bluntly apparent. perhaps you should heed your own suggestion and make use of that great resource more common than common sense on how to be relevant and read up on non gap renko too, posting here should be for knowledge and not sarcasm and such posts in the future will not be appreciated
  • #234
  • Jun 29, 2016 1:53am Jun 29, 2016 1:53am
no sarcasm was intended - that's the problem with the written word.

Reference to google implied you will get far more sense out of that than you would out of me explaining it.
  • #235
  • Jun 29, 2016 3:53pm Jun 29, 2016 3:53pm
Could you kinly post an expert for median renko charts that works with build 971?

Thank you!
  • #236
  • Jul 15, 2016 3:40pm Jul 15, 2016 3:40pm
Hello, i been trying a bounce system whit support and resistances but had too much guessing on it. This one looks promising but 30 pips SL seems too big, how accurate the ATR break is? a RR of 1:1 whit 30 pips seems abit hard to profit.

Im not much experienced just seeking advice, thanks.
  • #237
  • Jul 18, 2016 2:45am Jul 18, 2016 2:45am
I trade this "Renko Non Gap EA" from today for test. I trade with Renko since 8 years

I will see what your Renko Non Gap make others and I will reply here
  • #238
  • Jul 19, 2016 3:47am Jul 19, 2016 3:47am
here the orders from yesterday and today - the GJ I have deleted it is not so good pair for a Renko EA

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_RenkoNonGap_EA.png Size: 128 KB
  • #239
  • Jul 19, 2016 1:15pm Jul 19, 2016 1:15pm
Quoting ghostbiker
here the orders from yesterday and today - the GJ I have deleted it is not so good pair for a Renko EA {image}
which ea using

and share your setups

thank u

advance
  • #240
  • Jul 24, 2016 9:10am Jul 24, 2016 9:10am
- I must make more tests

- I will test it with the other "non gap Renko builder"

- I will test first the "non gap Renko builder" manually with my Renko Systems
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