Trading Renko

Quoting HarmonicBoy

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Just checking you are trading: NQ - E-mini NASDAQ-100 Futures CL - Crude Oil Futures YM - mini-sized DOW Futures What made you choose these 3 instruments Tradestar if you don't mind me asking? I use both MT4 and Ninjatrader for FOREX. MT5 offers futures with selected brokers but I am not yet convinced the Renko EA for MT5 is particularly brilliant yet. I trade MT4 renko with a commercial Renko indicator that is very stable. Ninja has Renko as standard.

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Quoting havo

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{quote} If you want i could show you 2 different unbalance patterns with range/renko charts.. fairly accurate for entrys

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Quoting havo

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{quote} If you want i could show you 2 different unbalance patterns with range/renko charts.. fairly accurate for entrys

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Quoting vivaldi2

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Hi everybody, who knows a renko builder( with ability of making mean renko charts ) which doesn't make the MT4 slow. I tried many of the EAs and indicators even paid ones, but all of them sucks the CPU and overlap the RAM . because of my strategy I have to open 10-12 offline charts . I tried other PCs but the same problem happened. does anyone experienced such a problem and found a way ?

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Quoting Hutch

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{quote} The problem is normally the MT4 platform itself. When this is the case the best solution is to open a new instance of your MT4 in a new directory or a new drive. I have two MT4 from the same broker open at this time and there is no problem with either the CPU or RAM (see picture). Since I trade Renko one MT4 has 12 offline charts opened and the other MT4 has 30 charts opened since I also trade on daily charts. I also attached the chart of a trade from today using 10 pips Renko trading with a simple 10 and 21 EMA cross as represented by the...

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Quoting bob44

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{quote} Hutch can you please give me the settings for your indicator. Thank you Bob

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Quoting Hutch

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{quote} Hi Bob, attached is today's EURAUD chart along with the template and indicators. The only difference is that I added the 2MA Crossover indicator so you can clearly see that all trades are not as good as the one of yesterday. Of course you can also use that strategy with different Renko brick size or time based charts. {image} {file} {file} {file}

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Quoting bob44

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{quote} Hutch Thank you I have tried Renco today , with success, trying various 2nd indicators all on the 4H chart. Not a good day to start Friday but in profit. Start again Monday 09/00 London. Anyway thanks again Bob {image}

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Quoting Hutch

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{quote} Nice to see that you are in profit also. EMA cross 10/21 works well on currency pairs that have an ATR above 100 because they have the tendency to trend a lot. Those are EURAUD, EURNZD, GBPAUD, GBPCAD, GBPJPY with GBPUSD almost making the cut with a 10-day ATR of 95 pips. If you want to be more adventurous you might want to trade minor pairs such as USDDKK that has a 10-day ATR of 350 pips. If you do you have to use a 50 pips Renko bricks and close the trade every time you get a brick in the opposite direction, then re-enter into a new trade...

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