Thanks for your reply, that mean renko system just a tools to no make us confuse at candle stick, right? so the trading rules is still remain to same?
i noticed that in your graph, you not trade at the price first break the ALMA55 line, at you trade after a ranging, can i know what is the reason behind it?
sorry for my lousy english, and appreciate your reply.
Renko give you clear indication on where the price really going. Guru’s trading rules still the same.
On my chart. I did not trade when the price break the alma because of sometimes it just a pullback. So I need to confirm with the trend new and trend strength.
As you can see GBPUSD on this one. I long right before the arrow signal print on screen. Now it’s depending on your boxsize. My prefer is 5. But 3 is could make you trade more often.
I have been away for some time. I just arrived and watching the chart, I saw huge moves by most of the pairs especially EURUSD today.
When I checked the Renko chart of EU (attached), It looked very smooth and seemed to have been in the right direction.
Please, Mr Guru or Mr Neomatic, could you update me on the position of your trade visa-vis draw down during that move.
Kindly reply as the behaviour of this system during that impactful time will go a long way in instilling confidence during live trading.
Anyone who was trading this system during the huge moves could please share the experience here.
Since past week the EURUSD and GBPUSD was moving more than 150 pips a day. My TP was around 50 or I leave it until the Renko bar turn into opposite colour then I manually close it. For SL, I only put in 15-25 pips. Hope this help
This is great system but i am facing one problem in that once i closed my system and open it again suppose after 2 hrs then the data of 2 hrs is not thr so it works best when it is on once we turned off the chart all entries changed any solution for that if yes please tell me
This is great system but i am facing one problem in that once i closed my system and open it again suppose after 2 hrs then the data of 2 hrs is not thr so it works best when it is on once we turned off the chart all entries changed any solution for that if yes please tell me
This is problem with every MT4 when u work on renko chart most of brokers won’t support renko chart on MT4 If u use ninjatrader don’t face such problem I don’t have this system with ninja otherwise I would have posted here
and how i can set this in ninjatrader please tell me this i think ninjatrader gives renkochart but here we use offline chart in mt4 so how we can use in ninjatrader
[QUOTE=gurusomu;383246]no sorry I don’t have this system for ninjatrader if u want try ninja trader u can download its free[/
place renko live chrt indicator on daily chart with setting of box=10 and timeframe 15 min after dta i place renko live chart on offline chat of 15 mins with settings of box =10 timeframe -2 after dat i upload ur tempelate