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Thread: Renko Charts Trader

  1. #11

    Default Renko

    Quote Originally Posted by bulkbiz View Post
    Hello, I am using renko for the pass one year and have great success with it. Mind to share an EA based on this:

    1)every new block/bar=125pips(point)
    2)change to opposite color when there are 250pips(point) moving opposite.
    3)Using daily chart only.
    4)I will determine the lot size by myself.

    Example:

    I buy EUR/USD@ 14000, price move to 14125, one blue bar appear, price move to 14250, another blue bar appear, now price move back to 14000, red bar appear, close my existing buy position and sell it instead. Same goes for opposite direction.

    No need SL or TP. SL is basically the 250pips moving opposite.
    Hello,

    4 digits or 5 digits?

    renko use the indicator of post # 1?

    Regards
    Lordorly
    Last edited by lordorly; 12-28-2009 at 11:24. Reason: ampliacion de las cuestiones

  2. #12
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    Default

    Quote Originally Posted by lordorly View Post
    Hello,

    4 digits or 5 digits?

    renko use the indicator of post # 1?

    Regards
    Lordorly
    Hello,

    use 4 digits

    use the renko indicator from here: Renko Charts - MQL4 Code Base

    Thanks a lot ya

  3. #13
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    Default

    Quote Originally Posted by bulkbiz View Post
    Hello, I am using renko for the pass one year and have great success with it. Mind to share an EA based on this:

    1)every new block/bar=125pips(point)
    2)change to opposite color when there are 250pips(point) moving opposite.
    3)Using daily chart only.
    4)I will determine the lot size by myself.

    Example:

    I buy EUR/USD@ 14000, price move to 14125, one blue bar appear, price move to 14250, another blue bar appear, now price move back to 14000, red bar appear, close my existing buy position and sell it instead. Same goes for opposite direction.

    No need SL or TP. SL is basically the 250pips moving opposite.
    What's 125 pips waiting for new bars ??
    Do u know that u waiting 1 or even 2 days for new bars before open an order and other 1 or 2 days or maybe more to close the position ?
    I wonder how u can keep in gain for all this time .
    i like renko system but for me i prefer intraday trading.

    David.
    Last edited by dados77; 01-05-2010 at 23:10.

  4. #14
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    Default

    Quote Originally Posted by dados77 View Post
    What's 125 pips waiting for new bars ??
    Do u know that u waiting 1 or even 2 days for new bars before open an order and other 1 or 2 days or maybe more to close the position ?
    I wonder how u can keep in gain for all this time .
    i like renko system but for me i prefer intraday trading.

    David.
    Hi David,

    Yes 125pips.

    My current open trades:

    short usd/cad@10551 ----------------floating +173pips
    short gbp/usd@16584 ----------------floating +610pips
    short eur/aud@16214----------------- floating +520pips
    long usd/chf@10277------------------- floating +53pips
    short gbp/chf@16586 ------------------floating +74pips
    long eur/jpy@13281 --------------------floating -18pips

    total floating pips = +1412pips

    I am a position trader, and this method can give me ROI of > 50% per year depends on how trending is the market.
    Last edited by bulkbiz; 01-06-2010 at 12:43.

  5. #15
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    Default renko chart trading

    HI, I am exploring renko chart trading can you let me know where I can down load the renko indicator. I have one from forexroma which the setting is prong 40. Do I have to change as I see some time it goes the opp way . I like the way you trade which is long term and I want to do day trading so hope you can be my mentor. thanks alot

  6. #16

    Default

    Quote Originally Posted by knighton View Post
    HI, I am exploring renko chart trading can you let me know where I can down load the renko indicator. I have one from forexroma which the setting is prong 40. Do I have to change as I see some time it goes the opp way . I like the way you trade which is long term and I want to do day trading so hope you can be my mentor. thanks alot

    indicator is in first post

  7. #17

    Default

    hi funyoo, would it be possible to add ECN and 5 digit mode on this so takeprofit and stoploss work properly


    much much thanks

  8. #18
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    Default

    thanks zoop .

  9. #19
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    Question renko chart trading

    do you enter you trade at 8 am whren the candle change colour or at about 3.45pm . I have observe that the renko block st times change colour in the afternoon. so I am confuse . can any one give me a link on how to trade using renko

  10. #20

    Default

    Strange indicator.
    I alawys thought renko is not time based.
    LOCTrailing is an automatic trading stop loss trailing and breakeven Expert Advisor
    Also check LOCTrader EA. It Uses special FREE signal indicators to open orders, breakeven, trailing included.

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