Insert Renko live chart 3.2 indicator in to your expert like system other indicator
Then open Eurusd 1min chart select renko live chart 3.2 indicator from custom indicator insert on 1 min chart
Indicator setting
Renko box- 3 (Box size 3 for 25 to 50 target with 5 box for more than 50 pips have tested both but try on demo for ur satisfaction I prefer 3 box )
Renko offset-0
Renko time frame -2
Rest keeps false
Then go to file and open offline chart select Eurusd 2 min offline chart click open then insert system template on renko chart
Stop Loss must be recent High low of sema 4 indicator
Target -25 to 50 pips each call
If you are trading Eurusd see the trend in Usdchf use both chart with same setting if u want to take buy in Euro u must see Usdchf chart to confirm opposite trend in which shown in below pictures
IMP this system must trade only after London open till US session
have u used renko systems before ? u have to take 1 min chart then swich to 2min offline chart as i said on top of this page in renko setup i have tested Eurusd,Usdchf,Audusd,Gbpusd pls read system setup page u will get everything thanku…
Renko box- 3 box size even u can keep 3 -10 which u feel Comfort
Renko offset-0
Renko time frame -2
Rest keeps false
Then go to file and open offline chart select Eurusd 2 min offline chart click open then insert system template on renko chart
Thank you very much for this wonderful system again. I have been following your calls and would like to commend all your efforts in helping traders make money.
Please, I copied the above from your instruction on how to set up this system.
I will appreciate if you could confirm the setting you have used to make much success. I mean between box 3-10.
This is to help us concentrate (focus) on that setting as we test the system.
Once again, I say big big thank you for everything.
Thanku very much for your appreciation I personally use 3 box setting for all major currencies I set target for 50 pips if u trade with 5 box setting u can accept more I prefer 3 box u can test on demo with any major currencies thanku………………….
Yes ur correct but ur missing main TTF TREND TRAIL indicator in ur chart this indicator also gives u right direction of trend Try on demo first if u like then go with it because current market condition there is no system in the world gives u full satisfaction there will false signal coming but have to take all trade during London session till US close when all system condition matched and most IMP for Eurusd trader confirm Usdchf chart for opposite trend as I said in system rules thanku……………
try again u may have missing some thing during Installation try once more as i said in in setup Don’t close 1 min chart after you open 2min offline chart both chart need to be active same time to run your renko chart
I have continued to test the system. So far, it is ok.
It is like you have been very busy of late because you have not visited the thread for some time now.
Please, if you have any update especially on early entry, let me know but so far, I am ok with the trades taken with the system. I want to know if there is any way of making early entry so as to exit when there is fake breakout or failed move.
There is nothing to update frequently there is only one way entry that have given already in system setup reading to your comment its looks to be impossible u want early entry early exit and want avoid fake trades I don’t think any system can give you but you can test current system if u feel there need to do any change to your style of trading u can change If u trade with 3 box or 2 u need set profit 25 pips each trade if wait and follow signal to signal is much better if u want lock ur profit just book after u getting 25 pips every time if trade with 5 box then set ur profit 50 pips for each trade I have systems when I feel it can help other traders I provide them to everyone if anything to update I will do it on this thread thanku so much for your interest ……………………………
I’ve tested with 5 box. And enter the position when Trend New indicator change colour. And use e-trailing EA to trail SL on all positions. I only trade when Trend Strength above 30 when Trend New going to change colour.
hi, anyone can tell me what is the strategic by using this system? i understand the indicator post in first page, but for renko system, i not understand because cant find the explaination, please help me.
The propose of renko is to determine the support and resistance area. It help reduce all the noise from the candle stick.
As you can see from the image below. The renko render the resistance of GBPUSD (where my SL is ) So to short. I have to wait for the Trend New indicator to cross to opposite direction. And the SL should be where the previous support or resistance.
