Quoting Mihailo. Fun and play with Renko strategy. Again ranges kill the joy. If prices move more than the Brick Commodity algo trading forex trend scanner discount above the top or below the bottom of the last brick on the chart, a new brick is added in the next chart column. Attached Files. Post 42 Quote Aug 26, am Aug 26, am. What are the entrance rules? Dear all This will be the last post due to my account being used by someone Post 4 Quote Oct 28, pm Oct 28, pm. Now some of you will laugh I have been watching 29 different pairs for months now and Post 1, Quote Jan 24, pm Jan 24, pm. Printable Version. My Mt4 Freeze after opening offline chart Joined Jan Status: Member 32 Posts. Prices have to rise or fall "significantly" in order for bricks to be added. You can Quoting jereajali. Attachments: Renko Trading Discussion.
Can you make money trading this way Attached Image click to enlarge Need to program the cockpit to handle all open pairs as one Manual - Verzija na Srpskom jeziku. Hello Is anyone here trading the forex rebellion system on a renko chart? It doesn't keep the profits. Attached Image click to enlarge. Exit Attachments. Trading Renko replies. You Choose! I discover that the renko bricks form differently even when: a both accounts are trading the same pair. Post 1, Quote Jan 15, am Jan 15, am. Please note the distance the obvious resistance and supports and the lower lows higher high patterns. Post 17 Quote Oct 30, pm Oct 30, pm.
Looking for proven scalping strategy to program 1 reply. Joined May Status: Guest from the betting exchange 45 Posts. I have traded renko on many strategies, and have had marginal success. Simple stuff. Go to RenkoLiveChart 3. All these guys are nice and look like they have what it takes. Surely I should changelly to coinbase users leaving enter a 0 for "Fixed Lot Size" and similiarly a 0 zero for the. The problem arise if HST file stop refreshing from any reason. Renko charts may be most useful in identifying trends and trend direction. You must be kidding me Perhaps you can see my analytics wondering why I created. Two problems with this strategy. If you don't see the last two indicators on the bottom of your chart, just refresh chart using template for that pair. Printable Version. Trailing stop after one box of the opposite color. I am not involved in any shape or form and get no kickbacks whatsoever Aug 26, Last Sync: Aug 26,
In this thread I will try to explain, to everyone who wants to know, all what I know! EA Renko Chart version 3. Joined Oct Status: Member 31 Posts. Thank you. Attached Image click to enlarge. With my trendlines out of whack, this is basically impossible. Simple Renko System replies. I discover that the renko bricks form differently even when: a both accounts are trading the same pair. Quoting mbrown. Quoting vinetum. Attached Files. View Post Disliked by Thread Starter. Alerter - dzf. Ive been following this post with great interest so far, now Ive set everything up properly and just took my first trade. Post 1, Quote Jan 24, am Jan 24, am. If someone could do some tweaks to the following open source indicator, that would help cryptocurrency and forex trading forex stopped out at end of day A LOT!
I hope it can help anybody else. Note 3: in order to let the EA work on Renko charts, you have to uncheck " Offline chart " option of the Renko charts. Post 17 Quote May 30, pm May 30, pm. Post 14 Quote Mar 19, pm Mar 19, pm. Trading is a combination of psychology, knowledge and tools. Above are two cents of my pocket, dont get mad as I m just sharing what I usually practice. Who is making a profit? My job was to fill as close to market price on entry and exit Post 16 Quote Oct 30, pm Oct 30, pm. To download history, open m1 chart of a pair that you want to trade, uncheck automatic scroll on the upper bar of Mt4 and pres and hold "Page Up" or "Home" button on your keyboard. Let's see how explorer goes. Joined Nov Status: Member 14 Posts. Hi MathTrader, thought I need to post an update. My concern with renko is that system resources required to produce the offline charts prevent the trading of more than, perhaps, two or three pairs at a time. Quoting Luhan. Joined Jan Status: Member 4 Posts.
Period: All History. Post Quote Edited at pm Aug 23, am Edited at pm. 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 margin use futures trading interactive brokers spot basis trading should use 20 pips not 10 like currencies? Post 52 Quote Aug 28, am Aug 28, am. Quoting bogdy Post 47 Quote Aug 26, am Aug 26, am. Any idea how to filter the trades? Post 4 Quote Mar 19, pm Mar 19, pm. However, I don't know how to duplicate the other indicators If you can post a brief explanation of the chart makeup and the rules it will really help.
It has not been tested yet. Your Renko Chart is now Active. Post 6 Quote Edited at am Feb 27, am Edited at am. It makes everyone to be on the same page with you. People who use micro accounts please click here! Hi shreyash I am also interested in Renko charts, they look great when they are trending but how do you manage when it goes sideways? My last advice to all: Stick to a plan for your money management. What I have read on this thread looks like it has focused more on short term scalping and completely automated EA's. How Profitable is this Strategy? They tend to print more historical Post 20 Quote Mar 19, pm Mar 19, pm. Red bricks are added if prices are falling.
Post 1, Quote Jan 15, am Jan 15, am. Post 1, Quote Jan 18, am Jan 18, am. Before this update there was over 5. The main difference is there is only a new Renko brick generated when price changes by your Renko Brick pip size. If the profit rises then fine. Note 3: in order to let the EA work on Renko charts, you have to uncheck " Offline chart " look up penny stock symbols internet security penny stocks of the Renko charts. Hi Ghostbiker, Today I was finally able to spend some time on setting up the charts. If some of the people that I have mentioned are rich and sell their education to finance an animal sanctuary, then accept my apologies. Can post further explanations if people are interested. Quoting babasemi. Quoting ghostbiker. Joined Oct Status: Member 21 Posts. Congratulations for the new thread, a very good idea! Attached Images click to enlarge. Quoting nutmg For that to happen, one needs a good connection. I do not know why they simply don't I trade 25 pips boxes with a trailing stop of 60 pips. Quoting KayStreet. How can I fully automate my strategy?
Attached File. Post 12 Quote Edited at pm Mar 5, pm Edited at pm. Post 43 Quote Aug 26, am Aug 26, am. I use the Alerter indicator to send a push Notification if price hits a line drawn on the chart. Post 1, Quote Jan 21, pm Jan 21, pm. If the profit rises then fine. Post 9 Quote Mar 19, pm Mar 19, pm. If thats not enough them what is? Attachments: Trading Renko. Now you chart should look something like this! Yesterday I saw a maximum return on equity of 8. Simple stuff. Joined Nov Status: Member 14 Posts. How about the Pope? Thanks again, this is very profitable. Post 8 Quote Mar 19, pm Mar 19, pm. The below link is IMO a good way to start. Joined Jul Status: Member 63 Posts. Just to recap the account through myfxbook stats.
Ive been following this post with great interest so far, now Ive set everything up properly and just took my first trade. My Renko System Discussion 8 replies. I believe it is a little easier to find good zones on Renko Charts. If the prices are above the EMAs we take only buy trades. I tried searching the thread to see if anyone is having the same issue, so I apologize if I am being redundant. Look at the patterns for the last days of the European session and see if there is some commonality. Inserted Video Go to 20 seconds The above post is as detailed as I can be at this point in time. Can post further explanations if people are interested. I bet he had a sheep farm Surely I should then enter a 0 for "Fixed Lot Size" and similiarly a 0 zero for the others. Anyone has better idea. Post 18 Quote Oct 30, pm Oct 30, pm. Post 54 Quote Aug 28, am Aug 28, am. Post 1, Quote Jan 18, am Jan 18, am. The others are default. So, dear Matt, this seems the right challenge at the start of a new trading year? Trade Report. If it reaches for example pips and then it pulls that trigger and closes all the trades. Your Renko Chart is now Active.
This system is very profitable and can be traded by most people that have the required discipline. Sell Setup Example : Attached Image click to enlarge. Joined Mar Status: Member Posts. Attached File. It can be done with the right tools. Post 45 Quote Aug 26, am Aug 26, am. Post 60 Quote Aug 29, am Aug 29, am. Joined Feb Status: Member 51 Posts. Found a very nice indicator in which to apply to renko. Two sell trades Copy all templates from Templates folder to templates folder of your Mt4. Is really anyone dumb enough to click this link? The above how to add short sale restriction indicator on thinkorswim that support multicharts essential and should be taken as gospel. Red bricks are added if prices are falling. Entry Criteria: Buy after the brick color changes from red to green and 2 consecutive green bricks have formed and closed. But in the EA you specify also a lot size of 0. It's also important to remember that Renko charts may not change for several time periods. Attached Images click to enlarge. Quoting Magix. Because they screen out moves that are less than the Brick size, trends are much easier to spot and follow. In this version the problem of high CPU usage is solved. The way to process it as a Non-gap or a Rail to rail representation is up to you of course. I have loaded 12 different charts on micro vs mini forex account swing trade stocks market timing platform and will monitor .
I am an intraday Pitchfork trader. Joined Oct Status: Member Posts. Post 1, Quote Jan 18, am Jan 18, am. Post 64 Quote Oct 21, am Oct 21, am. Making Profit with Low Volatile Pairs 0 replies. Exit Attachments. Attached Image click to enlarge Need to program the cockpit to handle all open pairs as one Hi Mihailo. Note 2: This version is compiled and tested with MT4 build Post 71 Quote Feb 15, am Feb 15, am. I have a request for you: would it be possible to make a renko like this? Try it and you will see where is the price and where are the renko boxes. Tr binary option legal in usa copier free a very nice indicator in which to apply to renko. Post 16 Quote Oct 30, pm Oct 30, pm.
No questions asked. Attachments: Fun and play with Renko strategy. Hello jereajali. With my trendlines out of whack, this is basically impossible. Just to recap the account through myfxbook stats. This is the purpose of the indicator. Hi Mohsen, I'm just experimenting with the following idea. Up to 6 trades in a setup, 50 Mio each Below shows a trader taking 45 lots in two separate trades on a Liquidity pool of lots showing the refill rate of 10 lots per 30 seconds Post 17 Quote May 30, pm May 30, pm. The EA trails the stop loss according the input settings. Quoting MathTrader7. Joined Jan Status: Member 94 Posts. Hello is the renko system a set and forget one how much ROI per year can you make with it. Joined Nov Status: Member 14 Posts. Attached Image click to enlarge.
Still testing lots Post 52 Quote Aug 28, am Aug 28, am. He confirmed that when educating new traders, most will not prepare properly for the day and when they are wrong, start chasing trades instead of not trading. Reading some books is cheaper and better. But I am old guy believing in the knowledge of books rather than instagram etc The above post is as detailed as I can be at this point in time. The reason I use GoMarkets: Look at my latency times Post Quote Edited at am Nov 20, am Edited at am. Example EU, Down, DN GU, Undecided, UP etc etc Assuming that the 2 columns agree, then trade in that direction and only in that direction from 8 am until max lunch time Central European Time And the most important rule of all: If the market does not agree with your analysis, don't take a trade. Looking at the left structure will show you the rest. This is just question so please don't get upset about it. Joined Dec Status: Member 8 Posts. Determine if there is a up trend, down trend or neutral by using an 21 EMA. Anyway, thanks for sharing a new and interesting approach. I talked today to a smart german trader working for a investment firm. Post 1, Quote Jan 13, am Jan 13, am. Post 48 Quote Aug 26, am Aug 26, am.
Exit Attachments. Not sure where you are. Unfortunatly I was not so interested in the actual strategy. Before this update there was over 5. I asked him to put it into his own words so that nothing gets lost and this is what he wrote: I would like to know whether one can produce an "indicator" what I call an indicator is technically an EA for MT4, anywaywhich compresses all your bricks in order to filter false reversal signals. All the best mate! Stefan Mxxx: You are welcome to challenge me current account dukascopy day trade cryptocurrency book let us focus on getting the job done Last trade for the day. PS: Nice to see that there are people with a high impact rating being able to post :- And where did I get the initial idea Hi to everyone! Post 10 Quote Mar 19, pm Mar 19, pm. Mihailo Hello, I am fan of yours Ive been following this post with great interest so far, now Ive set everything up properly and just took my first trade. Attached File. Joined Oct Status: Member Posts. Thanks LastViking and Lou G for bright best finviz screener for swing trading managed accounts accepting us client. If you can post a brief explanation of the chart makeup and the rules it will really help. Down is an example of a Renko chart The word "Renko" comes from "Renga", the Japanese word for "brick". I bet he had a sheep farm Ready to start that "Renko Starcraft team", thread?
I tried searching the thread to see if anyone is having the same issue, so I apologize if I am being redundant. Also I have been asked to join some education communities Joined Feb Status: constructively provocative 1, Posts. Post 1, Quote Edited at pm Jan 23, pm Edited at pm. I believe it is a little easier to find good zones on Renko Charts. In this version the problem of high CPU usage is solved. Attached Image click to enlarge. Definitely the sweetspots need changing and I wondered what number of pips you are using for this index. The same way it alerts you when it hits the box the second time current pintouch Quoting Illuminist. Exit Attachments. Joined Nov Status: Member 14 Posts. You crated STG Pintouch correct?