RENKO Boxes Trade easy | Page 19 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RENKO Trading SYSTEM - RENKO Indicators 7 replies

Easy Renko Strategy (ERS) 18 replies

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

Easy Renko EA wanted 13 replies

Russian Doll - Boxes within boxes price action 6 replies

Attachments: RENKO Boxes Trade easy
Exit Attachments

RENKO Boxes Trade easy

  • #361
  • Aug 22, 2016 2:18pm Aug 22, 2016 2:18pm
Quoting liquidice
{quote} Set initial chart to 1Min put the EA load the EA settings. it should direct you to open offline chart on m2 go to file --> open offline chart --> find m2 after the m2 opened, use the template. and you are all set.
Tah is what i´ve done, step by step, charts loaded correctly, even it is called like EURUSD 2min...but in reality it is as I´ve said...
  • #362
  • Aug 22, 2016 3:03pm Aug 22, 2016 3:03pm
Quoting ghostbiker
here come new charts from today, every box is 5 Pips, the retrace non gap box is 10 Pips {image}
how to make retrace 10 pips, and 5 pip boxes?
i loaded "evolution_renko_ea_1_31" with your .set, butthey are 10 pips...
  • #363
  • Aug 22, 2016 3:15pm Aug 22, 2016 3:15pm
Quoting ghostbiker
{image} the stop is hidden for the broker my second system for MarketOrders manually Trading candle / strength / trend 2 day's 18. and 19.08. {image}
Hi, can you this system?
take care
  • #364
  • Aug 22, 2016 3:20pm Aug 22, 2016 3:20pm
You right click on the live chart where the EA is loaded. Click on Expert advisors. Click on properties. On the second column from the top you will find "renko boxes". Double click on the value and change if you want. I dont know about the retrace non gab box. Also a bit confused about the size of the renko boxes because sometimes GB mention "5" and then 10?

Does anybody have the settings for the strengthTrend Indi? Cannot find it here.
  • #365
  • Edited 3:58pm Aug 22, 2016 3:39pm | Edited 3:58pm
@Viron: read the Post # 1 only

@Doepie: read the Post # 1 only (you write about 5 or 10 Pips on Post # 1 I have only written 10 Pips)

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_Renko_M1_EA.JPG Size: 173 KB


the picture of the AllAbsoluteStrengthTrend_v1600 is on Post # 1 now
  • #366
  • Aug 22, 2016 3:46pm Aug 22, 2016 3:46pm
Hi Ghostbuster

I did read post one and there you mentioned that the settings for the StrengthTrend indicator is in picture 2 but i cant find picture 2? Thanks
  • #367
  • Aug 22, 2016 4:08pm Aug 22, 2016 4:08pm
Quoting ghostbiker
@Viron: read the Post # 1 only @Doepie: read the Post # 1 only (you write about 5 or 10 Pips on Post # 1 I have only written 10 Pips) {image} the picture of the AllAbsoluteStrengthTrend_v1600 is on Post # 1 now
i dont understand clearly how to trade this system can you show screenshot with pending order (sl, tp)?
thanks
  • #368
  • Aug 22, 2016 4:55pm Aug 22, 2016 4:55pm
XXX screenshots here in the thread

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_Renko_GA-Pending_22.08.JPG Size: 288 KB
  • #369
  • Aug 22, 2016 10:43pm Aug 22, 2016 10:43pm
Quoting Alexhome
{quote} In #1 It's set at 7. But with Renko template I have it at 5.
Image from ghostbiker does not seem to set the 7.
Please excuse the bad English via Google Translate.
  • #370
  • Aug 23, 2016 1:41am Aug 23, 2016 1:41am
Quoting ghostbiker
XXX screenshots here in the thread {image}
can you explain following:
1) Entry only on gold s/r line?
2) why target is 30 pips?
3) what mean blue and pink fat points above and below renko boxes?
4) what mean lines inside boxes?
5) why donchian has three lines? (like bollinger bands)
6) in your example, you trade below middle donchian line (evo slope changed color to red) dont unserstand clearly mechanism of signal creating.
7) i have loaded history for m1 charts by script< but i have very short history on renko charts, how to fix it?
  • #371
  • Aug 23, 2016 2:10am Aug 23, 2016 2:10am
1. if you will not make the entry on this line, you can make if you want
2. if you can make your target if you want
3. this points are a signal for buy or sell / blue = buy pink = sell (is to difficult for you, you can delete this points
4. if you want not this lines, you can delete this Indicator making the lines, trading without the lines is the same
5. the both lines are the donchian channel, you can delete it if you want
6. the evo-slope is a Momentum line in one (normally is Momentum 2 lines)
7. more history come if you have 1 or 2 days the M2 charts open (you need not more, the Renko boxes not repaint
  • #372
  • Aug 23, 2016 2:11am Aug 23, 2016 2:11am
Hello @ghostbiker .

Could you put your pending orders for today?
  • #373
  • Aug 23, 2016 3:40am Aug 23, 2016 3:40am
today I hav'nt time for Renko orders, I test a all in one ExpertAdvisor with Dax30, US30, XAU and currencies
  • #374
  • Edited 6:07am Aug 23, 2016 4:46am | Edited 6:07am
Hi guys!
Ive been following this post with great interest so far, now Ive set everything up properly and just took my first trade.

I had a sell-stop order triggered on EUR/USD at 1.1330

Reasoning: (please also see the attached picture)

  1. 1) evo_slope changed from green to red and box closed slightly below medium donchian line at 1.1340
  2. 2) set pending sell-stop order on golden line 10 pips below --> 1.1330
  3. 3) I set my stop loss above the high of the move --> 1.1360
  4. 4) Take Profit is a 1:1 to stop loss, so at 30 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Trade 1 2016 08 23.PNG Size: 57 KB


Currently EUR/USD is retracing a bit, but not too worried as of now as the "AbsoluteStrenghtTrend" also posted a change to down trend on my entry (pink dot above last but one box + the line in the middle of the box changed from blue (up) to pink (down).
Lets just see where this one goes. Maybe could have chosen a tigther stop as the AbsoluteStrengthTrend alert posted a proposed stop level of 1.1346 (basically half of my stop right now).

Did anyone see the same setup? Anyone in it aswell?

Thanks guys, and many thanks also to GB for sharing this system!!

------------------------------------------------------------------------------------------------------------

P.S. Ghostbiker: Liebe Gruesse aus Oesterreich an die Urlaubsinsel, wo auch immer die sein mag ;-) Vielen Dank dafuer, dass du das Renko System teilst. Ich finde uebrigens nicht, dass es schwer zu verstehen ist, habe alles mit deinen Anweisungen ganz gut hinbekommen, also lass dich von den vielen Nachfragern mal nicht aus der Ruhe bringen :-) Dein anderes System sieht uebrigens auch sehr gut aus, falls du die Zeit hast das auch mal zu teilen wuerden sich sicher viele freuen! :-)
  • #375
  • Aug 23, 2016 5:56am Aug 23, 2016 5:56am
Quoting aliila1987
Hi guys! Ive been following this post with great interest so far, now Ive set everything up properly and just took my first trade. I had a sell-stop order triggered on EUR/USD at 1.1330 Reasoning: (please also see the attached picture) 1) evo_slope changed from green to red and box closed slightly below medium donchian line at 1.1340 2) set pending sell-stop order on golden line 10 pips below --> 1.1330 3) I set my stop loss above the high of the move --> 1.1360 4) Take Profit is a 1:1 to stop loss, so at 30 pips {image} Currently EUR/USD is retracing...
Hi Aliila, I took this EURUSD sell also, but sell stop entry is at 1.13200, stop at 1.13550. Reasoning for the lower entry is that I believe we are supposed to use the next untouched point on the sweet spot indi.
  • #376
  • Aug 23, 2016 6:00am Aug 23, 2016 6:00am
In addition to the EUR USD order; have placed buy stops for USDJPY @ 100.30 & USDCHF @ 0.96300.
  • #377
  • Aug 23, 2016 6:11am Aug 23, 2016 6:11am
Quoting ghostbiker
1. if you will not make the entry on this line, you can make if you want 2. if you can make your target if you want 3. this points are a signal for buy or sell / blue = buy pink = sell (is to difficult for you, you can delete this points 4. if you want not this lines, you can delete this Indicator making the lines, trading without the lines is the same 5. the both lines are the donchian channel, you can delete it if you want 6. the evo-slope is a Momentum line in one (normally is Momentum 2 lines) 7. more history come if you have 1 or 2 days the...
I'm very interesting your strategy< i tey to understand something... i know you have done a big work that stay behind of all your words... in this case i try to ask you more deeply, but you say "use or not use indicatros if you want".
i want to use them, but i dont understand some points.

1) Entry only on gold s/r line?
1. if you will not make the entry on this line, you can make if you want
1.1. i wnat to use them, but how to select right gold s/r line? for example i can try 1.72 instead 1.7210

2) why target is 30 pips?
2. if you can make your target if you want
2.1. how to select target range incase your trading strategy?


3) what mean blue and pink fat points above and below renko boxes?
3. this points are a signal for buy or sell / blue = buy pink = sell (is to difficult for you, you can delete this points
3.1. THX, this point clear for me.


4) what mean lines inside boxes?
4. if you want not this lines, you can delete this Indicator making the lines, trading without the lines is the same
4.1. I am paraphrasing, how to "read" this lines?

5) why donchian has three lines? (like bollinger bands)
5. the both lines are the donchian channel, you can delete it if you want
5.1. question was in other way, i saw 3 line of DC (Donchian Channel), you say "both", i'll recheck this.

6) in your example, you trade below middle donchian line (evo slope changed color to red) dont unserstand clearly mechanism of signal creating.
6. the evo-slope is a Momentum line in one (normally is Momentum 2 lines)
6.1. thx for answer

7) i have loaded history for m1 charts by script< but i have very short history on renko charts, how to fix it?
7. more history come if you have 1 or 2 days the M2 charts open (you need not more, the Renko boxes not repaint)
7.1. thx, one more question in this region, i'm using Dukascopy terminal, it has renko, i've compared boxes (10 pips) from it and MT4 (10 pips) (mt4 has 5 numbers after dot, dukas 4) it's not equal. do i do something wrong?

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: GBpAUD renko 10 pip.jpg Size: 158 KB
Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_Renko_GA-Pending_22.08.JPG Size: 288 KB
  • #378
  • Edited 8:31am Aug 23, 2016 8:02am | Edited 8:31am
- excuse me, I can't anwer every question here 20 x I hav'nt time so much

- the Rules are total easy, trade and test it

- by your pic # 1 is a other Renko boxes not "median" and your Renko boxes formation is total a other
  • #379
  • Aug 23, 2016 8:04am Aug 23, 2016 8:04am
Quoting ghostbiker
- excuse me, I can't anwer every question here 20 x I hav'nt time so much - the Rules are total easy, trade and test it
very sad
  • #380
  • Aug 23, 2016 8:16am Aug 23, 2016 8:16am
Quoting ghostbiker
today I hav'nt time for Renko orders, I test a all in one ExpertAdvisor with Dax30, US30, XAU and currencies
Hello Ghostbiker,

wondering how it works on DE30 -> looking forward to You opinion about this market.

regards
mojepole
0 traders viewing now