⭐ fryguy1 Posted September 1, 2017 Report Share Posted September 1, 2017 Like or dislike? If you like, which do you like. Thanks Quote Link to comment Share on other sites More sharing options...
⭐ nadjib Posted September 1, 2017 Report Share Posted September 1, 2017 dislike............... Quote Link to comment Share on other sites More sharing options...
⭐ trader1968 Posted September 1, 2017 Report Share Posted September 1, 2017 dislike.......... i am old school 5 min bars are the best for me my 2 cents :) ⭐ nadjib 1 Quote Link to comment Share on other sites More sharing options...
forexonly Posted September 1, 2017 Report Share Posted September 1, 2017 The biggest issue with Renko bars is that they look much better on historical charts than when you watch them live. Quote Link to comment Share on other sites More sharing options...
⭐ topstep Posted September 1, 2017 Report Share Posted September 1, 2017 I trade with irenko bars and you have to know how to use them, I will not trade without them, my timing is just right :) Quote Link to comment Share on other sites More sharing options...
Theoatrader Posted September 1, 2017 Report Share Posted September 1, 2017 I trade with irenko bars and you have to know how to use them, I will not trade without them, my timing is just right :) Can u please explain how to use Renko Thanks Quote Link to comment Share on other sites More sharing options...
lbf4223 Posted September 1, 2017 Report Share Posted September 1, 2017 (edited) I'd suggest using range bars in place of renko bars. They are time independent and have real closes, not synthetic closes like these modified renko variants or the old school one that can have horrible slippage by the time you see the next bar print. A 5 tick range bar is quite good across a wide variety of futures contracts that I've traded (for examples, NQ, YM, RTY / TF, CL, GC, NG). My cynical view of renko bars is that they were made popular again about 4 or so yrs ago by, imo, the scam-fest world of futures trading system vendors who wanted to make price charts look artificially smooth and "easier" to trade so you'd jump all over their $1000+ trading system offers ("hey, it must be good if they want so much money for it, but I *have* to use their renko bars for it to work well!") Embrace volatility. Don't hide the nastiness of it with synthetic price bars. You learn more from that volatility front-and-center, see where the pullbacks are to take advantage of. It's also what helps you recover more quickly (in a winning system) when you get the account draw-downs. I have no problem with minute-base, volume-based or tick-based charts either. A 1-minute chart with an eye on the 5 min and 30 min in intraday futures trading works for me alongside a 5 tick range chart. I always liked time not being required to make a new price bar. Edited September 1, 2017 by lbf4223 Theoatrader 1 Quote Link to comment Share on other sites More sharing options...
⭐ topstep Posted September 1, 2017 Report Share Posted September 1, 2017 Can u please explain how to use Renko Thanks irenko bars just take the noise out the market , pay attn to market structure. Time your trades on the flip of the chart ....... trade with the trend ! look up trading renko bars on Youtube !https://www.youtube.com/watch?v=2ggww8bF-h8 Theoatrader 1 Quote Link to comment Share on other sites More sharing options...
imfm Posted September 1, 2017 Report Share Posted September 1, 2017 not all renkos are bad for example gztRenko bt have 2 very interested option the time agregation you can add a time filter to bar to get the same time structure than range bars ina renko and backtest modes Quote Link to comment Share on other sites More sharing options...
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