checkmail Posted January 31, 2012 Report Share Posted January 31, 2012 Hello friends this is checkmail and have just stumbled to one of site which is selling an Renko system more better for scalping purpose can anyone share it here. Here is the link : http://www.forexscalpingx.com/ Quote Link to comment Share on other sites More sharing options...
elnikos Posted February 17, 2012 Report Share Posted February 17, 2012 Anyone yet? Quote Link to comment Share on other sites More sharing options...
alright Posted February 17, 2012 Report Share Posted February 17, 2012 (edited) Same as thishttp://www.simple4xsystem.net Already shared here http://indo-investasi.com/showthread.php/16985-Renko-system Correct link as in post #5 by dk1laussiehttp://indo-investasi.com/showthread.php/11943-REQ-www.simple4xsystem.net?p=138862#post138862 Edited February 18, 2012 by alright Link added as 1st one was wrong Quote Link to comment Share on other sites More sharing options...
Freddie Posted February 18, 2012 Report Share Posted February 18, 2012 ....Already shared here http://indo-investasi.com/showthread.php/16985-Renko-system That just takes us back to this page Alright!! Quote Link to comment Share on other sites More sharing options...
dk1aussie Posted February 18, 2012 Report Share Posted February 18, 2012 try this link http://indo-investasi.com/showthread.php/11943-REQ-www.simple4xsystem.net?p=138862#post138862 :) Freddie 1 Quote Link to comment Share on other sites More sharing options...
Freddie Posted February 18, 2012 Report Share Posted February 18, 2012 try this link :) Thanks DK but none of it works any more. Quote Link to comment Share on other sites More sharing options...
dk1aussie Posted February 18, 2012 Report Share Posted February 18, 2012 (edited) Thanks DK but none of it works any more. the link below from that thread works the rest of the links are part of [simple4xsystem] the link doesn`t work to these methods - they are old methods .... FPFTools2 - FPFTools - Eds Method ..... and they are basically obsolete now .... as jeff has updated the renko system which is on the website and includes scalpingx so everything is at the link below http://xxx.simple4xsystem.net/10513224/RenkoDownloads.htmalso the link to FF which is mr nims system http://xxx.forexfactory.com/showthread.php?t=237979 Edited February 18, 2012 by dk1aussie newbie111, Diabolik1713006521, cokhisaa and 3 others 6 Quote Link to comment Share on other sites More sharing options...
newbie111 Posted February 18, 2012 Report Share Posted February 18, 2012 (edited) DK, you are the Dominating King of big hearts number 1. No pun intended. Thanks Bro for the great share. Edited February 18, 2012 by newbie111 dk1aussie 1 Quote Link to comment Share on other sites More sharing options...
alright Posted February 18, 2012 Report Share Posted February 18, 2012 That just takes us back to this page Alright!! Yes LOL Sorry, wrong pasting, it was laste night for me when I posted. The correct link is the one suggested by dk1aussie in post #5 Quote Link to comment Share on other sites More sharing options...
alright Posted February 18, 2012 Report Share Posted February 18, 2012 @ dk1aussie You seem to know a lot about these systems. I do know about renko and how deceiving they could be. Do you think it is worth spending some time on Jeff's videos or does he need to be treated as a total shovel seller and discarded for good? Thanks. Quote Link to comment Share on other sites More sharing options...
newbie111 Posted February 18, 2012 Report Share Posted February 18, 2012 I can't wait until Sunday night. Just looking back in history on the charts this is a winner. I don't mind taking small profits at a time. Just as long as I'm winning. I also like the exit strategy of this system. Quote Link to comment Share on other sites More sharing options...
marthart Posted February 18, 2012 Report Share Posted February 18, 2012 Hi newbie, can you give us a screen shot of some trades. thanks Quote Link to comment Share on other sites More sharing options...
newbie111 Posted February 19, 2012 Report Share Posted February 19, 2012 (edited) Hi newbie, can you give us a screen shot of some trades. thanks I haven't trade with this system yet. Just scrolled back in history on the charts, and was happy with the win/loss ratio of what I saw according to the rules Edited February 19, 2012 by newbie111 Quote Link to comment Share on other sites More sharing options...
eggzactly Posted February 19, 2012 Report Share Posted February 19, 2012 Hi All, Renko charts are good to trade but for itself renko bars can be called "indicator" so need to be carefull with the indicators to use in combination.I read the rules for this system and when i saw AO and MACD the ring alert buzz instantly because i know how they behave with it.to investors that want to test this system and to help avoiding some bad trades ( small pullback in price that neither MACD or AO can determine in the renko charts) just put this inducator on charts and trade only in the direction of trend - if above buy / if below sell, if between the MA area watch. This is no more then EMA 50 from close/high/low but can help determine the trend. Also pay attention to price action, patterns of renko bars - one powerfull pattern is : we x have consecutive down bars, then we have two up, then one down and then one up, more then 80% of time it will give you at least 1 bar profit - opposite applies for sell. Hope this help. Regards, Indicator : hxxp://www.2shared.com/file/7waBX_n8/TRO_Tunnel_dragon.html regards, newbie111, Diesel 10 and indo37 3 Quote Link to comment Share on other sites More sharing options...
newbie111 Posted February 24, 2012 Report Share Posted February 24, 2012 (edited) Here is an indicator that was shared by our good friend Diesel 10. Thus far, this is the best indicator that I have seen for making consistent profits with renko charts. Diesel 10, will you please make a post on this thread so you can get the credit for your great share? I am only posting it to help anyone interested, I am not looking for thanks on this one. To anyone interested in this indi, please give Diesel 10 all the Thanks for his great contribution the next time you see him. Instructions. Buy: When the HAMA and Dual 50's are in uptrend, Buy after the RSI crosses the 25 line down and turns up. To be safe, you can wait until it crosses the 25 line up, but I don't wait. Exit when the RSI crosses the 75 line. Sell: When the HAMA and Dual 50's are in downtrend, Sell after the RSI crosses the 75 line up and turns down, (SELL). You can wait until it crosses the 75 line down if you choose, but I don't. Exit when the RSI crosses the 25 line. In both examples wait for the close of the Renko block to Buy, Sell, and Exit. Use your own stop loss rules. There is only 1 problem with this indicator, It makes my MT4 platform run slow. I think it uses a large amount of system resources. If you can overcome that problem. Then you have a very good pip puller. P.S. It's up to you if you want to use the Dual 50's on your chart or not. I find that it works well with just the HAMA and custom RSI alone. Yes, you will leave a lot of pips on the table at times, but it's better to be safe than to take chances on trying to capture every pip in a move. P.P.S. Turn off all alerts, leave all other settings at default and just follow the rules posted above. http://i1130.photobucket.com/albums/m527/newbie1112/renkoexample.gif hxxp://[email protected]/rar/NFZeF_VM/MT4-StochasticRSI-Oscillator_w.html Edited February 24, 2012 by newbie111 psaini1973, scwon and cokhisaa 3 Quote Link to comment Share on other sites More sharing options...
mandiki Posted February 24, 2012 Report Share Posted February 24, 2012 hie newbie111 just wondering what size renko bars you use with the dual 50 and hama indicators.thanks alansim 1 Quote Link to comment Share on other sites More sharing options...
newbie111 Posted February 24, 2012 Report Share Posted February 24, 2012 (edited) hie newbie111 just wondering what size renko bars you use with the dual 50 and hama indicators.thanks In the example i'm using 3, but it works with 5 as well. I personally am not a big fan of anything larger than 5. Edited February 25, 2012 by newbie111 mandiki 1 Quote Link to comment Share on other sites More sharing options...
psaini1973 Posted February 25, 2012 Report Share Posted February 25, 2012 (edited) There is only 1 problem with this indicator, It makes my MT4 platform run slow. I think it uses a large amount of system resources. If you can overcome that problem. Then you have a very good pip puller. Hi newbie111 u can try this renko bar creator. it has an option to where you can assign the no. of bars u wish to use... Normally in EUR/USD you can put 5000 bars and it will create renko bars for approx 3.5 days ( I assume you are using 5 Pip Box in renko trading) which is enough for the system you are using and it will not put extra burden on the CPU... you can also reduce the no. of bars if you wish. It will also show u the high n low wicks of the renko bars which is also very usefull. This renko bar creator was developed for 5 digit broker.. so if u are using 5 pip box then put 5 in the "RenkoBarBox column". But b4 installing it make sure u have history of approx 15-20 days in ONE MINUTE CHART... I am sure you will love it... Thanks http://www.mediafire.com/?z5nsnlan1uig6c1 http://www.2shared.com/file/5ZLvwCCf/Renko_33.html Edited February 25, 2012 by psaini1973 newbie111, ⭐ dukeaugustus, eforex123 and 1 other 4 Quote Link to comment Share on other sites More sharing options...
newbie111 Posted February 25, 2012 Report Share Posted February 25, 2012 Hi newbie111 u can try this renko bar creator. it has an option to where you can assign the no. of bars u wish to use... Normally in EUR/USD you can put 5000 bars and it will create renko bars for approx 3.5 days ( I assume you are using 5 Pip Box in renko trading) which is enough for the system you are using and it will not put extra burden on the CPU... you can also reduce the no. of bars if you wish. It will also show u the high n low wicks of the renko bars which is also very usefull. This renko bar creator was developed for 5 digit broker.. so if u are using 5 pip box then put 5 in the "RenkoBarBox column". But b4 installing it make sure u have history of approx 15-20 days in ONE MINUTE CHART... I am sure you will love it... Thanks http://www.mediafire.com/?z5nsnlan1uig6c1 http://www.2shared.com/file/5ZLvwCCf/Renko_33.html Oh yes, this is just what I needed. Thank you for the great help bro. Quote Link to comment Share on other sites More sharing options...
cokhisaa Posted February 25, 2012 Report Share Posted February 25, 2012 Hi newbie111 u can try this renko bar creator. it has an option to where you can assign the no. of bars u wish to use... Normally in EUR/USD you can put 5000 bars and it will create renko bars for approx 3.5 days ( I assume you are using 5 Pip Box in renko trading) which is enough for the system you are using and it will not put extra burden on the CPU... you can also reduce the no. of bars if you wish. It will also show u the high n low wicks of the renko bars which is also very usefull. This renko bar creator was developed for 5 digit broker.. so if u are using 5 pip box then put 5 in the "RenkoBarBox column". But b4 installing it make sure u have history of approx 15-20 days in ONE MINUTE CHART... I am sure you will love it... Thanks http://www.mediafire.com/?z5nsnlan1uig6c1 http://www.2shared.com/file/5ZLvwCCf/Renko_33.html Hi ! Please help me how to use your indicator and newbie111's indicator the best . Sorry , I don't understand how to use both . Thanks very much Quote Link to comment Share on other sites More sharing options...
sequentialb Posted February 26, 2012 Report Share Posted February 26, 2012 Newbie, do you only use this strategy on E/U or others pairs as well? alansim 1 Quote Link to comment Share on other sites More sharing options...
newbie111 Posted February 26, 2012 Report Share Posted February 26, 2012 Newbie, do you only use this strategy on E/U or others pairs as well? Only EUR/USD AND GBP/USD Quote Link to comment Share on other sites More sharing options...
cokhisaa Posted February 26, 2012 Report Share Posted February 26, 2012 Only EUR/USD AND GBP/USD Hi newbie111 ! Again please help me how to use your system step by step ! Many thanks Quote Link to comment Share on other sites More sharing options...
newbie111 Posted February 26, 2012 Report Share Posted February 26, 2012 (edited) Happy to help you cokhissaa, but first go to post #7 by dk1aussie on this thread and follow the link to the system. ( Don't forget to hit the THANK YOU BUTTON ON dk1aussie's post) Then watch the tutorial videos. If this does not help, then go to the link below and read the entire tutorial on how to set up a renko chart. hxxp://www.system-forex.info/2009/09/renko-bars-and-how-to-setup-in-mt4.html From there if you have any questions I'll be more than happy to help you. P.S. Just replace the xx with tt in the website above. Edited February 26, 2012 by newbie111 Quote Link to comment Share on other sites More sharing options...
cokhisaa Posted February 26, 2012 Report Share Posted February 26, 2012 Happy to help you cokhissaa, but first go here: hxxp://www.system-forex.info/2009/09/renko-bars-and-how-to-setup-in-mt4.html and read the basics of renko, and how to setup a renko chart. From there if you have any questions I'll be more than happy to help you. P.S. Just replace the xx with tt in the website above. Hi newbie111 ! Thank you for your help ! May I have some question ? 1/ In the web they use offline chart M4 GBPUSD ? How different when I use offline chart M2 and M4 ? 2/I put renkoV3.3in Expert / indicator or in Expert /Script ? As your system , 3/ I can use Renko V3.3 and can you help me how setting with 4 dig broker (Ex : RenkoBoxSize=5 , BarsNumbers=? , what is else ? )? 4 I use indicator HAMA 5/I use indicator #MT4-StochasticRSI-Oscillator ( from your post ) When see your picture , I can entry and exit trade simple . I love it ! I am very sorry about my english . Again many thanks Quote Link to comment Share on other sites More sharing options...
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