Best settings for unirenko ?

[jeanled]

Hello, sorry for my english it is not my native language

and i am a newbie :)

so please someone could help me ?

i 'd like to know what is the best setting for unirenko ? 1/20/20 ticks or not at all ?

and please too with which indicators ?

 

Thank you for your help

have a nice day

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[ninja_on_da_roof]

Hello, sorry for my english it is not my native language

and i am a newbie :)

so please someone could help me ?

i 'd like to know what is the best setting for unirenko ? 1/20/20 ticks or not at all ?

and please too with which indicators ?

 

Thank you for your help

have a nice day

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I am sorry to disappoint you but there isnt any "best settings" out there.

Besides everything else that are required of you to be a successful trader...Settings, either for your Renko or your indicators, your systems, or your stratetgies, they are all subjective. You gotta find what works best for you. One good setting for you doesnt mean it is also good for the others.

Besides, one setting for Renko might work best for today but tomorrow, it is another story. Gotta adapt to the market.

One method many traders I know would do is that, they have a preset of Renko, with different settings, then each morning before trading, they would shift through them all quickly to see which one has the best move without too much of choppiness. Essentially, they wanna look for a "smooth" one that has a steady move. You can try this, set them up on your Ninja so that you can go through them each morning and save your time in the process. Instead of plugging in different numbers for settings each time you wanna change your time frame.

Another thing to understand is, the smaller the numbers, the faster your chart shall be. This also depends on your trading style, whether you are a fast trader for quicker moves and scalps or you wanna swing a bit.

So yes, it is all relative and subjective. Each of us, as traders have different ways of trading. Top of it all, again, market changes each day, you just gotta be able to see whats going on and adapt to it by plugging in different numbers/settings. Ofcourse, there are more to this than just this in the trading world. But, I hope this helps a bit. My humble 1 cent.

[jeanled]

 

I am sorry to disappoint you but there isnt any "best settings" out there.

Besides everything else that are required of you to be a successful trader...Settings, either for your Renko or your indicators, your systems, or your stratetgies, they are all subjective. You gotta find what works best for you. One good setting for you doesnt mean it is also good for the others.

Besides, one setting for Renko might work best for today but tomorrow, it is another story. Gotta adapt to the market.

One method many traders I know would do is that, they have a preset of Renko, with different settings, then each morning before trading, they would shift through them all quickly to see which one has the best move without too much of choppiness. Essentially, they wanna look for a "smooth" one that has a steady move. You can try this, set them up on your Ninja so that you can go through them each morning and save your time in the process. Instead of plugging in different numbers for settings each time you wanna change your time frame.

Another thing to understand is, the smaller the numbers, the faster your chart shall be. This also depends on your trading style, whether you are a fast trader for quicker moves and scalps or you wanna swing a bit.

So yes, it is all relative and subjective. Each of us, as traders have different ways of trading. Top of it all, again, market changes each day, you just gotta be able to see whats going on and adapt to it by plugging in different numbers/settings. Ofcourse, there are more to this than just this in the trading world. But, I hope this helps a bit. My humble 1 cent.

 

Hello ninja on da roof, you don't disappoint me, thank you for taking the time to reply. And I think you're right: we need to find the method and strategy that suits us, and also know how to adapt to the market, depending on whether we're scalping or not, or indeed deal with volatility before taking action. Thanks for your advice and have a nice day :)