[REQ] Renko Charting Package

[forex2u]

Please Share if someone have this system set.

 

The simplest way to trade the Renko Charts is to Buy and Sell on the Color Changes...but since these charts are time-based, many traders prefer to set a specific profit target (30 pips seems to work best) and then "set and forget" their trade. Others prefer a bit more confirmation before they trade, so they include one or more indicators to help them decide to get into any specific trade.

 

http://www.simple4xsystem.net

 

Thanks!

[iwjw]

Just google for renko on MT4...it's a free shared EA

But you will be disappointed when trading with renko and make your trades depending on the color

It doesn't work that way...you'll get whipsawed sooner or later no matter what blocksize you are using

And keep in mind that a color change always represents the double amount of the block size

If you're using 10 pips and color changes price went 20 pips (against you)

[Saivenkat]

Any extra indicators available to overcome the Whipsaws? If any please somebody share.

 

Regards

Saivenkat