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RENKO Boxes Trade easy

  • #381
  • Edited 11:46am Aug 23, 2016 8:25am | Edited 11:46am
- is a absolutely new idea from me with DE30 and a ExpertAdvisor (I not see in the past worldwide)

- DE30 + 120 Pips now today (US30 and Gold work well too)

- with Renko boxes you can trade DE30 too it is easy to trade

@ Viron: - we trade here in this thread with "MEDIAN" Renko boxes 10 Pips, NOT with this boxes you trade by Dukascopy

- tomorrow I will trade with Renko DE30 and give the orders here in the thread

@pals1000: schoene Gruesse an die "Zurueckgebliebenen" in DE von der Urlaubsinsel
die freuen sich bestimmt von mir zu hren seit ich auf der Insel sitze ist dort im DE
tote Hose und das ist noch geprahlt
  • #382
  • Aug 23, 2016 11:41am Aug 23, 2016 11:41am
Na das mache ich doch glatt.
  • #383
  • Aug 23, 2016 8:14pm Aug 23, 2016 8:14pm
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 Aliila1987,
Congratulations! Your first TP is hit!!!
  • #384
  • Aug 23, 2016 8:18pm Aug 23, 2016 8:18pm
Hello is the renko system a set and forget one how much ROI per year can you make with it
  • #385
  • Edited 3:37am Aug 24, 2016 2:18am | Edited 3:37am
Quoting bogdy23
Hello is the renko system a set and forget one how much ROI per year can you make with it

Oh Guys, oh Guys,

PLEASE ! PLEASE !

Can you read the Post#1 or don't you ?

I can nothing another says and write, what there is standing !


- we trade Renko boxes manually


Your yearly Profit will only make with your own Brain !
  • #386
  • Aug 24, 2016 2:55am Aug 24, 2016 2:55am
Hi all! My broker does not offer a Renko chart, but I dont want to change it. So, is there any place/service that I can access this kind of chart?

Tks in advance for the advice.
  • #387
  • Aug 24, 2016 3:05am Aug 24, 2016 3:05am
Quoting buzzlight
Hi all! My broker does not offer a Renko chart, but I dont want to change it. So, is there any place/service that I can access this kind of chart? Tks in advance for the advice.
Hi buzzlight,

does your broker offer a Metatrader 4 platform? If yes, then you´re good to go, as all the indicators and
templates supplied in post #1 are designed to work with MT4.

Cheers,
Alex
  • #388
  • Aug 24, 2016 3:21am Aug 24, 2016 3:21am
Quoting aliila1987
{quote} Hi buzzlight, does your broker offer a Metatrader 4 platform? If yes, then youre good to go, as all the indicators and templates supplied in post #1 are designed to work with MT4. Cheers, Alex
Tks Alex.

They dont have support for Metatrader also (they are quite simple in terms of offerings, but I`ve never had any kind problem).

I was wondering a service like it https://www.tradingview.com but I don't know which one I should trust to buy a service.

Do you know something similar to it?
  • #389
  • Aug 24, 2016 4:01am Aug 24, 2016 4:01am
GHOSTBIKER, could you kindly share your RENKO template settings for DAX (GER30) if that was the index you mentioned. Definitely the sweetspots need changing and I wondered what number of pips you are using for this index.

I set my sublevels on sweetspots to 100.

This is Renko set to 200 boxes as well.

As you can see the signals at 7.15am UK time and at 10am UK time are beautiful. Thanks for this training ghostbiker.
Attached Image (click to enlarge)
Click to Enlarge Name: ger30-m2-pepperstone-group-limited.png Size: 76 KB
PhD with a specialty in economics & finance.
  • #390
  • Aug 24, 2016 5:53am Aug 24, 2016 5:53am
Quoting buzzlight
{quote} Tks Alex. They dont have support for Metatrader also (they are quite simple in terms of offerings, but I`ve never had any kind problem). I was wondering a service like it https://www.tradingview.com but I don't know which one I should trust to buy a service. Do you know something similar to it?
In TRADINGVIEW, you need to set the timeframe to D1 first, then set the barstyle to Renko. Then, set the brick size to 10 pips (0.0010). Then, add the Donchian Channels indicator. However, I don't know how to duplicate the other indicators...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB
  • #391
  • Aug 24, 2016 6:24am Aug 24, 2016 6:24am
Quoting SnoopyAKQJT
{quote} In TRADINGVIEW, you need to set the timeframe to D1 first, then set the barstyle to Renko. Then, set the brick size to 10 pips (0.0010). Then, add the Donchian Channels indicator. However, I don't know how to duplicate the other indicators...{image}
That was great SnoopyAKQJT. Thank you very much!
  • #392
  • Edited 7:52am Aug 24, 2016 7:26am | Edited 7:52am
@samuk1000:

- the pic from Snoopy had not to do with our Renko boxes trading

- Renko Boxes is right with 20 Pips (200)

- don't work with D1 you must make the chart M1 like the other currencies
and the M2 charts too with DE30 or GER30

- your pic is correct, with the SubLevels 100 is OK

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_DAX_Renkoboxes.JPG Size: 188 KB
  • #393
  • Aug 24, 2016 7:47am Aug 24, 2016 7:47am
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...
 
Read this and now I understood how to work with it 😀😀😀
 
 
  • #394
  • Aug 24, 2016 8:20am Aug 24, 2016 8:20am
DAX Order now sellstop 10620 TP 10570 SL 10670

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_DAX_Renkoboxes.JPG Size: 221 KB
  • #395
  • Aug 24, 2016 8:47am Aug 24, 2016 8:47am
Hi Ghostbiker,

Today I was finally able to spend some time on setting up the charts. It looks like a great system, thank you.

I will watch for the rest of today and then trade forwards.

If you do anything different on DAX to the currencies please say what it is - with the chart above are you saying that for DE30 we should use 20 pips not 10 like currencies?

Thanks again, this is very profitable.
  • #396
  • Aug 24, 2016 9:06am Aug 24, 2016 9:06am
- yes DAX move more and a greater distance, must have 20 Pips (200) boxes

- TP 30 - 50 Pips ore more

- with DAX 1, 2 or 3 orders per day is enough for the day

- you must have time for manually trading with DAX and patience
  • #397
  • Aug 24, 2016 9:07am Aug 24, 2016 9:07am
Quoting ghostbiker
- yes DAX move more and a greater distance, must have 20 Pips (200) boxes - TP 30 - 50 Pips ore more
Thanks GB, you are a star.
  • #398
  • Aug 24, 2016 10:15am Aug 24, 2016 10:15am
i trade eurusd normally but havent had good tradings since two days. do you guys suggest usdjpy renko ? should i give it a try ? or any other pair you use and have good results with renko ?
  • #399
  • Aug 24, 2016 10:22am Aug 24, 2016 10:22am
- in the pic on the post # 394 you have all apirs I trade

- after the first of September the trading will be better (now over all holidays)
  • #400
  • Aug 24, 2016 10:49am Aug 24, 2016 10:49am
Hi again,

Do I have to keep the Metatrader platform open the whole time for the renko to carry on? What happens if I turn off my computer now and then in the morning start it up again - will the renko bars catch up and show all the bars when the computer was turned off or will they jump from the time I turn off the computer to the time I turn it on again?

Thanks.
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