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RENKO Boxes Trade easy

  • #801
  • Edited 12:50pm Oct 11, 2016 10:55am | Edited 12:50pm
- my Renko boxes 5 orders with DAX / GER30

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_Renko_10.11_2.JPG Size: 257 KB
  • #802
  • Oct 11, 2016 11:34am Oct 11, 2016 11:34am
Ghostbiker,

Do you recommend FX Agency Advisor?
  • #803
  • Oct 11, 2016 12:36pm Oct 11, 2016 12:36pm
- yes I test it for the next time
  • #804
  • Oct 11, 2016 1:11pm Oct 11, 2016 1:11pm
Renko with dax - I can't stop smiling. I have a setup based on ghost biker with modifications.
  • #805
  • Oct 11, 2016 1:25pm Oct 11, 2016 1:25pm
Quoting Pip-Miner
Renko with dax - I can't stop smiling. I have a setup based on ghost biker with modifications.
Can you share your modyfications?
  • #806
  • Edited 3:32pm Oct 11, 2016 3:13pm | Edited 3:32pm
my Renko Account today, manuelles trading, kein EA

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_Renko_Acc_10.11.JPG Size: 56 KB
  • #807
  • Oct 11, 2016 5:25pm Oct 11, 2016 5:25pm
Quoting ghostbiker
- yes I test it for the next time
Hi Ghostbiker.
What FX Agency Advisor > BiasPeriod1 and 2 values are you using for M2 Renko charts. H1 (60) and D1 (1440) ?
Danke
"The needs of the many outweigh the needs of the few" - Spock
  • #808
  • Oct 11, 2016 5:35pm Oct 11, 2016 5:35pm
60 / 240
  • #809
  • Oct 11, 2016 8:42pm Oct 11, 2016 8:42pm
As I said....the buy-sell orders are not replicable....the pictures dont fit to the orders....u said u trade 8 forex pairs...now dax....this is a chaos thread....I use renko for one year but I think for most are the trades not understandable...sorry!
Vucking good EA coder... https://t.ly/AZjRM
  • #810
  • Oct 11, 2016 11:06pm Oct 11, 2016 11:06pm
RENKO Trading systems have to traded at the right time of day for follow through. If you don't get follow through with a renko system you will get stopped out quickly and often.

Trade renko during london and early US session . Don't over trade it. Set a reasonable profit target for the day.

Look at GBPUSD today. It was an awesome trade. Didn't even have to think about it.

Just some thoughts on Renko Trading.
Know your edge and trade within it
  • #811
  • Oct 11, 2016 11:12pm Oct 11, 2016 11:12pm
Here is a project we can all be a part of:

Take a week and take any of your favorite pairs. Create a profit target you would like to reach each day. Start at London open and track all signals until you reach your goal for the day. If you have to flow into early US session do so but don't trade after 11 am eastern time.

Track it. See if you can't make a profitable system from simple renko bars. It's there, you just have to gain confidence and trade it the same way day in and day out.
Know your edge and trade within it
  • #812
  • Oct 12, 2016 1:45am Oct 12, 2016 1:45am
its the skill of the trader that makes you profitable. Some just want to click few buttons and expect make a profit - doesn't work that way. I bet your results will improve the more you practice. This is for any system or task in life. Ghost rider should not be criticized , nothing wrong with improving the process. I improved the process myself by analysis and practice.
  • #813
  • Oct 12, 2016 1:51am Oct 12, 2016 1:51am
Quoting fxtrader29ca
RENKO Trading systems have to traded at the right time of day for follow through. If you don't get follow through with a renko system you will get stopped out quickly and often. Trade renko during london and early US session . Don't over trade it. Set a reasonable profit target for the day. Look at GBPUSD today. It was an awesome trade. Didn't even have to think about it. Just some thoughts on Renko Trading.
With this strategy we set buy stop/sell stop for the reverse or retrace trade right? Do you trade it follow the trend?
  • #814
  • Oct 12, 2016 3:17am Oct 12, 2016 3:17am
- Renko boxes can better trades retracements, trade with pending stop orders

- Renko boxes can trade in trend direction, but go not in to late

- first learn to trade the HiLo with Renko, it is easy

- Renko trading is training

- I self trade for win trades, not for a nice price

- I trade with Renko boxes since 2009

I learn every day more how can trade the Renko better and better

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Click to Enlarge Name: ZZ_Renko_10.12_2.JPG Size: 301 KB
  • #815
  • Oct 12, 2016 3:24am Oct 12, 2016 3:24am
Ha ,
Very nice result... Conggggg.
Regards
  • #816
  • Edited 4:16am Oct 12, 2016 3:53am | Edited 4:16am
Quoting ghostbiker
- my Renko boxes 5 orders with DAX / GER30 {image}
I made a screenshot with the 5 entries...3 hours time difference on our both charts!
First one retrace after long run:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
Attached Image (click to enlarge)
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Vucking good EA coder... https://t.ly/AZjRM
  • #817
  • Oct 12, 2016 4:23am Oct 12, 2016 4:23am
Marked in and out: In a litte too late and out....perfect but I cant see a reason!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #818
  • Oct 12, 2016 4:27am Oct 12, 2016 4:27am
This sell trade I complete don t understand:
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Click to Enlarge Name: Screenshot1.png Size: 81 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #819
  • Oct 12, 2016 4:43am Oct 12, 2016 4:43am
Quoting ghostbiker
- Renko boxes can better trades retracements, trade with pending stop orders - Renko boxes can trade in trend direction, but go not in to late - first learn to trade the HiLo with Renko, it is easy - Renko trading is training - I self trade for win trades, not for a nice price - I trade with Renko boxes since 2009 I learn every day more how can trade the Renko better and better {image}
HI GB,

- Are these trades with currencies you follow this renko strategy? stop order or scalping ?
- I see your SL is around 50pips and TP is only 6 pips. What is the rule for this?
I follow your strategy with SL 20-50pips, TP 20-50pip, sometimes it is hard to get TP because the retracement is week (fibo 23.6). How to avoid these situation and set the shorter TP.

Many Thanks!
  • #820
  • Oct 12, 2016 4:43am Oct 12, 2016 4:43am
Quoting reteid2222
This sell trade I complete don t understand: {image}
I think it is good to challenge Reteid2222. Nothing wrong with that. Looking back to the great trade history so far from Ghostbiker (which is awesome) A lot of trades with no stop loss SO no risk management. Maybe manual but there were trades overnight that would not let me sleep like a baby. The swing after hours made them profitable BUT what if a trade walks away from your price. Then you got to have a very big balance and a brave hearth.
"The needs of the many outweigh the needs of the few" - Spock
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