RENKO Boxes Trade easy | Page 23 | 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

  • #441
  • Aug 25, 2016 9:12am Aug 25, 2016 9:12am
Quoting ghostbiker
yes the Rules are clear OK, isn't heavy - Picture 424: all in the Post # 1 only the boxes are 20 Pips (200) in the M1 Renko EA Chart
hey ghostbiker,
do you have any webinar regarding this stratergy??
  • #442
  • Aug 25, 2016 9:16am Aug 25, 2016 9:16am
Quoting ghostbiker
- Post # 419 - yes on this time I stay out. Go the price sideways or 20 (10) up 20 (10) Pips down stay out and wait for a better situation - you must have patience and must wait for a good move and entry - with 0.5 Lot and 30 - 50 Pips I need only one or two Orders / day manually by DAX trading - I trade 2 Systems every day manually and this is enough + trade with EA's automatic
Hi GB,

thanks for your answer! Itīs still hard for me though to see or feel when to stay out, because when on one candle the slope changes colour,
I donīt know if it will start to range or reverse or whatever - hard to know.

And I also know that patience is key and that 1 or 2 good trades a day are enough, but still hard to get them consistently ;-)


Cheers,
Alex
  • #443
  • Aug 25, 2016 9:42am Aug 25, 2016 9:42am
Quoting ghostbiker
- the buy order was this morning (german time) with a very good signal after go down, us a retracement you need a 50 Zoll screen too
Hello Ghostbiker,

how you identified very good signal this morning? How do you know that retracement is starting and not trend continue to go down?
Since on your screenshot in post 421 evo-slope didn't changed color.

I see there only FIBO from 10656 to 10520 which is not in your template
why to 10520 since downtrend finshed around 10470?
  • #444
  • Aug 25, 2016 10:26am Aug 25, 2016 10:26am
- I change yesterday evening late the TP to 20 Pips for early close (over night)

- the fibo is only a test for me personally what this fibo do

- I have made first the order the evo slope had change to buy green and after
the pic the evo had change the color to red while I have made the pic,
I have not control the pic after is the right color on the pic or not. The
order was made minutes earlier

The Order was right and I have earn the money
  • #445
  • Aug 25, 2016 10:49am Aug 25, 2016 10:49am
Hi,

when i used renko creator from post 1 and template from post 1 [ only this one without indis ] i think i got the same screen that ghostbiker has.

regards
mojepole
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO DAX.png Size: 18 KB
  • #446
  • Aug 25, 2016 11:17am Aug 25, 2016 11:17am
- yes is OK, can differ because the pricefeed from the Brokers a little
  • #447
  • Aug 25, 2016 11:31am Aug 25, 2016 11:31am
I must admit, i am also struggling with this system although i think it is a good system. I am always wrong. When i buy i should have sold and also the other way around. I think the reason why i cannot make it work is the following:

1. GB is a master genius when it comes to reading the market and the signs of the charts and i admire him for that. I am a master genius in reading everything wrong.
2. I am a farmer and cannot spend time in front of my laptop to wait for that BIG move. The result is that when i do get a change to trade i am over eager and as a result make the wrong decision.
3. I am to afraid to take big risks and therefore i use to small SL and TP. Never higher or lower than 5 pips and as a result my positions are closed to early.
4. The spreads on the pairs of this system is to high for me. As an example:
GBP/AUD = 52 points
GBP/JPY = 37 points
EUR/AUD = 38.
I mainly use USD/JPY(18 points), EUR/USD(17 points) and AUD/USD(19 points).
4. I mainly use scalping for trading and i dont think it fits perfectly into this system because many times when i sit and wait for the colours and slopes to change, i quickly jump back to the M1 live chart and saw that i missed a lot of potential small profit trades. I dont know what you think GB but i was wondering if i can change the brick size to 50 to maybe catch that small trades?

To sum up. I am definitely not yet a forex trader but with your generous help for creating and sharing this system with us GB, i wont give up and will continue to practice and practice on my demo, till i succeed.

Cheers
  • #448
  • Edited 4:21pm Aug 25, 2016 11:53am | Edited 4:21pm
- yes for scalping you can go to 10 Pips (100) by DAX30 / bei currencies) 5 Pip (50)

- TP 5 or 10 Pips by DAX30 and TP 5 or 10 Pips bei currencies

- I trade not with scalping yet, but in the past I have trade Renko with scalping methode
now I find that trade with more TP Pips bring more patience

- I will make tomorrow with EU AU UF and DAX30 scalping orders and I will make 100 Pips minimum
  • #449
  • Aug 25, 2016 11:58am Aug 25, 2016 11:58am
Quoting ghostbiker
- Post # 419 - yes on this time I stay out. Go the price sideways or 20 (10) up 20 (10) Pips down stay out and wait for a better situation - you must have patience and must wait for a good move and entry - with 0.5 Lot and 30 - 50 Pips I need only one or two Orders / day manually by DAX trading - I trade 2 Systems every day manually and this is enough + trade with EA's automatic

you can share other your system?

i have 1 question . you do buy stop or sell stop but i no see your system rules for change color middle line yellow to green !

you from where know price on 10520.0 change trend and middle line change from green to yellow and other rules ??
  • #450
  • Aug 25, 2016 1:33pm Aug 25, 2016 1:33pm
Good afternoon Ghostbiker.

Most likely I'm wrong, however, in Point 1 of the Rules, I believe that there is a very small incorrectness.
When you say "red is sell and buy is blue," I think it should say: "and buy is green"
The indicator evolution_slope_v1_1, has no blue.
Can you confirm?

Big hug and thank you for your time, dedication and excellent strategy.
  • #451
  • Aug 25, 2016 3:16pm Aug 25, 2016 3:16pm
- normally is the slope line blue, but I have change it to green because better watch it is to much blue

- if you will have the buy line blue you can change it in the evo slope indicator

- the middle line of donchian: buystop only upper sellstop only below the middle line
  • #452
  • Aug 25, 2016 3:29pm Aug 25, 2016 3:29pm
Ok. Received.
I appreciate the quick response and the tip of the middle line of Donchian.
Roger that.
  • #453
  • Aug 25, 2016 3:53pm Aug 25, 2016 3:53pm
Quoting ghostbiker
- I change yesterday evening late the TP to 20 Pips for early close (over night) - the fibo is only a test for me personally what this fibo do - I have made first the order the evo slope had change to buy green and after the pic the evo had change the color to red while I have made the pic, I have not control the pic after is the right color on the pic or not. The order was made minutes earlier The Order was right and I have earn the money
You don't need closed box to take decision? Slope didn't changed Color early when it was falling?! Looks like #421 was random luck or you don't want to say something.
  • #454
  • Aug 25, 2016 3:59pm Aug 25, 2016 3:59pm
thanks
make some new experient with medium renko

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-08-26_035637.jpg Size: 218 KB
  • #455
  • Edited 5:42pm Aug 25, 2016 4:27pm | Edited 5:42pm
- my RENKO boxes experiment for tomorrow I will trade -only SCALPING-

- EURUSD AUDUSD USDCHF USDJPY = boxes 5 Pips (50) TP 5 - 10 Pips / Order

- DAX = boxes 10 Pips (100) 5 - 10 Pips / Order

- I will test it to trade with BE + 3.0

- MarketOrders - Target for the day over 100 Pips

- here a picture from the Charts I work with tomorrow:

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_Renko_Scalping_26.08.JPG Size: 286 KB
  • #456
  • Aug 25, 2016 6:00pm Aug 25, 2016 6:00pm
Hi all,
I have some question:
1. With system we must make template before trade everytime? I see my M2 offline dont chage.
2. How long M2 offline must refresh before trade? How many time 1 hour?
  • #457
  • Aug 25, 2016 6:28pm Aug 25, 2016 6:28pm
another medium renko ...

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-08-26_062650.jpg Size: 183 KB
  • #458
  • Aug 26, 2016 2:17am Aug 26, 2016 2:17am
Anyone trade now? What pair do you trade?
  • #459
  • Aug 26, 2016 2:26am Aug 26, 2016 2:26am
Quoting ghostbiker
- my RENKO boxes experiment for tomorrow I will trade -only SCALPING- - EURUSD AUDUSD USDCHF USDJPY = boxes 5 Pips (50) TP 5 - 10 Pips / Order - DAX = boxes 10 Pips (100) 5 - 10 Pips / Order - I will test it to trade with BE + 3.0 - MarketOrders - Target for the day over 100 Pips - here a picture from the Charts I work with tomorrow: {image}
Hi Ghostbiker,

interested to see how you will do today! Nice, you have TraderOnChart too? Pretty nice tool :-)

2 questions:

1) What are those green and red circles below / above the reversal points on your chart? Theyīre new, didnīt see them on any of your other charts. Do you test this indicator currently?

2) Do you always use the ZerolagStoch while trading or just now for scalping? Can you maybe describe which signal youīre looking for? Like crossing above 80/below 20? Or crossing the 50 line?


Thanks a lot for your answers! :-)


Cheers,
Alex
  • #460
  • Edited 3:29am Aug 26, 2016 3:16am | Edited 3:29am
after 1 hour + 120 Pips with scalping

- the Indi is only for testing, the Stoch too
4 traders viewing now