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Simple renko system

  • #21
  • Jan 12, 2017 11:38am Jan 12, 2017 11:38am
Quoting Strom
@interbucks, look at it please, it's W1 - > M2. What about this biiiiiiig tick below the box? {image}
I see.... not sure yet WEEKLY RENKO is the way to go.... its just an idea I picked up from someone who apparently is very successful trading RENKO that way.

Currently I am testing on the "Weekly Renko" all the indicators to find out what works best.
Noticed EUR/USD just kicked in with all the arrows.......
  • #22
  • Jan 12, 2017 12:15pm Jan 12, 2017 12:15pm
Quoting interbucks
{quote} I see.... not sure yet WEEKLY RENKO is the way to go.... its just an idea I picked up from someone who apparently is very successful trading RENKO that way. Currently I am testing on the "Weekly Renko" all the indicators to find out what works best. Noticed EUR/USD just kicked in with all the arrows.......
Don't you think, that signals from your indicator are too late?
  • #23
  • Jan 12, 2017 12:16pm Jan 12, 2017 12:16pm
Quoting Roni26
{quote} Hi Strom, COuld you include the iles in mlq format please, I am having trouble opening the ex4 files. Thanks, Roni
All I've got it's in post #2.
Cheers!
  • #24
  • Jan 12, 2017 5:18pm Jan 12, 2017 5:18pm
Quoting Strom
{quote} All I've got it's in post #2. Cheers!
info:
evolution_renko_ea_v1_31.ex4 is EA, not indicator.
search how to using renko EA.
  • #25
  • Jan 12, 2017 5:44pm Jan 12, 2017 5:44pm
Why doesnt the EA let you use this for the higher timeframes?

Too many false arrow entries on low time frame
  • #26
  • Jan 12, 2017 8:39pm Jan 12, 2017 8:39pm
Quoting Roni26
Why doesnt the EA let you use this for the higher timeframes? Too many false arrow entries on low time frame
We are running on RENKO charts here, got nothing to do with lower or higher timeframes...... time is not a factor on Renko.
And the Evolution Renko EA posted by Strom is only to create the Renko chart.
I again use MathTrader7_RenkoChartCreatorEA, there are many different EA's for this....

Regarding the arrow signals on the Renko:
I don't think the signals and settings as I posted earlier, are too late.
If you look at GBP/JPY Renko chart for example, there are many green pips smiling.
The big problem is to be able to pick up those direction changes in time..... that's where an EA will come in handy.
I am not a fan of baby sitting my pc.
  • #27
  • Jan 12, 2017 10:54pm Jan 12, 2017 10:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 129 KB

Screenshot of RENKO chart 10pip bricks with all the indicators attached to chart.
  • #28
  • Jan 12, 2017 11:21pm Jan 12, 2017 11:21pm
Quoting interbucks
Screenshot1.png;2138704 Screenshot of RENKO chart 10pip bricks with all the indicators attached to chart. {image}
using renko on weekly will repaint brick when reopen mt4, can't backtest
  • #29
  • Jan 12, 2017 11:43pm Jan 12, 2017 11:43pm
Quoting interbucks
Screenshot1.png;2138704 Screenshot of RENKO chart 10pip bricks with all the indicators attached to chart. {image}
sorry but cant take you serious when you post charts like that lol. comon now.
  • #30
  • Jan 12, 2017 11:54pm Jan 12, 2017 11:54pm
Also the yzyz indicator posted by the op does indeed repaint. And dont forget, everytime a renko brick reverses, it does so by twice the normal block size, so in hindsight it all may look good, but with a r:r of 1 you will have many more losses than what you see on the charts. English is not my main language but i hope you ll get my point.
im a big renko and point and figure fan though.
  • #31
  • Jan 13, 2017 1:53am Jan 13, 2017 1:53am
Quoting goldfinger
I like GB's renko . I turned 200- 25000 in 4 weeks.
Where is post to download gb renko? I'd like to try
Risk comes from not knowing what you're doing.
  • #32
  • Jan 13, 2017 4:54am Jan 13, 2017 4:54am
Quoting metta87
{quote} sorry but cant take you serious when you post charts like that lol. comon now.
Are you too lazy to use the setup in post 13.... you will see the EXACT screenshot/chart on your own screen !!!

Plse go trade it for a week or more on a demo account.... then we talk....
  • #33
  • Jan 13, 2017 5:05am Jan 13, 2017 5:05am
How do we use the template for higher time frames.. i want to test this on thr h4.
  • #34
  • Jan 13, 2017 5:09am Jan 13, 2017 5:09am
Quoting Roni26
How do we use the template for higher time frames.. i want to test this on thr h4.
Plse see post 26
  • #35
  • Jan 13, 2017 5:09am Jan 13, 2017 5:09am
Quoting dragonexpert
{quote} Where is post to download gb renko? I'd like to try
I think it mean GhostBiker`s thread about renko trading. Ypu can search in Commercial section
  • #36
  • Jan 13, 2017 5:12am Jan 13, 2017 5:12am
Quoting interbucks
Great system Strom. Thank You. Mine very very similar........ I share here my idea.... maybe we can come up with something even better....a mix of the 2 systems? I am also very keen for an EA of the final version. This idea is still undergoing some testing... not finalized..... any input from members very welcome, but because its so very similar, I thought it will benefit all to post it here.. I create my Renko on a weekly chart, then go off-line on the 2 min with 10 pip bricks (EUR/USD and the JPY charts...). Don't ask me why the WEEKLY, a Renko-Guru...
hi dear friend, would you please upload all your indi which you use here, I mean the aroon one and the ADX one, regards
  • #37
  • Jan 13, 2017 5:55am Jan 13, 2017 5:55am
Quoting interbucks
{quote} Plse see post 26

Hi Interbucks,

I have managed to upload the renko template to the h4 timeframe but not the corresponding trend direction indicator. The bb stop?

How do i upload that onto higher timeframe?
  • #38
  • Jan 13, 2017 6:00am Jan 13, 2017 6:00am
Quoting Roni26
{quote} Hi Interbucks, I have managed to upload the renko template to the h4 timeframe but not the corresponding trend direction indicator. The bb stop? How do i upload that onto higher timeframe?
http://www.forexfactory.com/showthread.php?t=255020
  • #39
  • Jan 13, 2017 6:06am Jan 13, 2017 6:06am
Strom
This system is interesting, it can be profitable, but we need ea for this system
Im a fan renko to scalping
  • #40
  • Jan 13, 2017 6:07am Jan 13, 2017 6:07am
Quoting jafp
Strom This system is interesting, it can be profitable, but we need ea for this system Im a fan renko to scalping
All we need is a coder!
Have a good weekend for all!
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