deyu16 Posted June 30, 2010 Report Share Posted June 30, 2010 (edited) It's a simple trend folower system using renko bars instead of candles and I think that it's a very good one. What do you think about this system ?Is it worth making a EA out of it? Edited September 5, 2013 by deyu16 jeywhistle, Cruzsurfn and waldorfxt 3 Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted July 1, 2010 Report Share Posted July 1, 2010 Renko bars look interesting. Please give me more details on how you're using them to trade. Thanks. Quote Link to comment Share on other sites More sharing options...
jasik1984 Posted July 1, 2010 Report Share Posted July 1, 2010 Please can you explain how you enter and exit trades? Do you use any additional indicator? Thanks. Quote Link to comment Share on other sites More sharing options...
deyu16 Posted July 2, 2010 Author Report Share Posted July 2, 2010 (edited) sorry guys I had some trouble with my internet connection Edited February 2, 2013 by deyu16 Quote Link to comment Share on other sites More sharing options...
jasik1984 Posted July 2, 2010 Report Share Posted July 2, 2010 sorry guys I had some trouble with my internet connection I will post my system today... Thanks man. Looking forward to try your system. I like renko blocks too, because they filter out a lot of noise. Quote Link to comment Share on other sites More sharing options...
deyu16 Posted July 2, 2010 Author Report Share Posted July 2, 2010 (edited) Renko indeed filters a lot of noise Edited May 12, 2013 by deyu16 ⭐ izogrey, altoronto, szelee and 9 others 12 Quote Link to comment Share on other sites More sharing options...
deyu16 Posted July 2, 2010 Author Report Share Posted July 2, 2010 (edited) I almost forgot USE IT ON DEMO FIRST! Get used to renko trading before going live! Edited February 2, 2013 by deyu16 Quote Link to comment Share on other sites More sharing options...
altoronto Posted July 3, 2010 Report Share Posted July 3, 2010 (edited) And I guess 10 pip renko block size, right? On last couple of blocks looks like you went SELL, I am correct? Edited July 3, 2010 by altoronto Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted July 3, 2010 Report Share Posted July 3, 2010 Hi deyu16, thanks for sharing your exciting system! there are two questions I have: First, when setting up the renko chart, once I go to file/open offline M2, will the chart be able to update in real time because presumably it's offline... how do I make it online (i.e. streaming live!)? Secondly, when you said one of the trade signals was support/resistance turns blue or red, do you mean that the fractal arrow shows? i see the blue and red diamonds that signify support/resistance but I'm not quite sure how they relate to a trade signal? Thanks for explaining. Diesel10 Quote Link to comment Share on other sites More sharing options...
jasik1984 Posted July 3, 2010 Report Share Posted July 3, 2010 Hi deyu16, thanks for sharing your exciting system! there are two questions I have: First, when setting up the renko chart, once I go to file/open offline M2, will the chart be able to update in real time because presumably it's offline... how do I make it online (i.e. streaming live!)? Secondly, when you said one of the trade signals was support/resistance turns blue or red, do you mean that the fractal arrow shows? i see the blue and red diamonds that signify support/resistance but I'm not quite sure how they relate to a trade signal? Thanks for explaining. Diesel10 Put renko expert or script on m1 chart, then open m2 offline chart. But don't close m1 chart. M2 offline chart will be updated automatically every tic. KENG and Diesel 10 2 Quote Link to comment Share on other sites More sharing options...
deyu16 Posted July 3, 2010 Author Report Share Posted July 3, 2010 (edited) And I guess 10 pip renko block size, right? On last couple of blocks looks like you went SELL, I am correct? Yes you are correct I forgot to mention is a 10 pip block. Edited April 1, 2013 by deyu16 Quote Link to comment Share on other sites More sharing options...
deyu16 Posted July 3, 2010 Author Report Share Posted July 3, 2010 (edited) Hi deyu16, thanks for sharing your exciting system! there are two questions I have: First, when setting up the renko chart, once I go to file/open offline M2, will the chart be able to update in real time because presumably it's offline... how do I make it online (i.e. streaming live!)? Secondly, when you said one of the trade signals was support/resistance turns blue or red, do you mean that the fractal arrow shows? i see the blue and red diamonds that signify support/resistance but I'm not quite sure how they relate to a trade signal? Thanks for explaining. Diesel10 The EA feeds data into the M2 chart so Yes it's updated in real time Edited April 1, 2013 by deyu16 Quote Link to comment Share on other sites More sharing options...
jasik1984 Posted July 4, 2010 Report Share Posted July 4, 2010 deyu16 what pairs do you trade with this system? Quote Link to comment Share on other sites More sharing options...
deyu16 Posted July 4, 2010 Author Report Share Posted July 4, 2010 (edited) I trade only the majors due to low spread(I use a fix spread brooker) Edited February 2, 2013 by deyu16 jasik1984 1 Quote Link to comment Share on other sites More sharing options...
jasik1984 Posted July 4, 2010 Report Share Posted July 4, 2010 Waiting to see your improvements. Thanks deyu16. Quote Link to comment Share on other sites More sharing options...
eldorado Posted July 5, 2010 Report Share Posted July 5, 2010 looking forward to the update, Ive been using Renko successfully for few weeks now Quote Link to comment Share on other sites More sharing options...
eldorado Posted July 5, 2010 Report Share Posted July 5, 2010 Just a quick question to ur renko charts, for a buy or sell, do u wait for the bar to open above/below the MA or u just open as soon as the price goes above/below the MA? Reason i ask is because I see from the picture u have posted that u open a buy as soon as the candle goes over the MA, Can u please clarify? Thanks Quote Link to comment Share on other sites More sharing options...
huuu Posted July 5, 2010 Report Share Posted July 5, 2010 is there an indicator that is capable of showing on the chart how quickly a box gets completed? The reason being that the faster a box closes, the more momentum there is behind the move and therefore making it more likely the move in that direction is going to continue. And on the other hand, if it takes a long time for the box to complete then it is a better indicator that the market is ranging rather than trending... Just some ideas for anyone here able to code indicators to hopefully improve this system. Quote Link to comment Share on other sites More sharing options...
iwjw Posted July 5, 2010 Report Share Posted July 5, 2010 is there an indicator that is capable of showing on the chart how quickly a box gets completed? The reason being that the faster a box closes, the more momentum there is behind the move and therefore making it more likely the move in that direction is going to continue. And on the other hand, if it takes a long time for the box to complete then it is a better indicator that the market is ranging rather than trending... Just some ideas for anyone here able to code indicators to hopefully improve this system. Found this thread: http://www.fxfisherman.com/forums/forex-metatrader/trading-systems/7037-trading-pip-range-bars-11.html) the indi you're looking for could be the RenkoAM_v2.0...see post #108 in the thread above Hope it helps ⭐ izogrey, kltan, huuu and 1 other 4 Quote Link to comment Share on other sites More sharing options...
isssac Posted July 5, 2010 Report Share Posted July 5, 2010 this is pretty cool. will be testing it on my demo. look forward to your version2! Quote Link to comment Share on other sites More sharing options...
deyu16 Posted July 5, 2010 Author Report Share Posted July 5, 2010 (edited) Just a quick question to ur renko charts, for a buy or sell, do u wait for the bar to open above/below the MA or u just open as soon as the price goes above/below the MA? Reason i ask is because I see from the picture u have posted that u open a buy as soon as the candle goes over the MA, Can u please clarify? Thanks Sorry guys I was busy Edited April 1, 2013 by deyu16 Quote Link to comment Share on other sites More sharing options...
jasik1984 Posted July 9, 2010 Report Share Posted July 9, 2010 deyu16 how is your system doing? Any updates? Thanks. Quote Link to comment Share on other sites More sharing options...
deyu16 Posted July 9, 2010 Author Report Share Posted July 9, 2010 (edited) not yet ....... Edited April 1, 2013 by deyu16 Quote Link to comment Share on other sites More sharing options...
john225 Posted July 9, 2010 Report Share Posted July 9, 2010 No i haven´t tried it till now But why searching for new indicators when this is working well ;-) john225 Quote Link to comment Share on other sites More sharing options...
deyu16 Posted July 9, 2010 Author Report Share Posted July 9, 2010 (edited) I don't know :P Edited April 1, 2013 by deyu16 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.