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- Hutch replied Feb 7, 2022
I really don't like small ATR such as EURUSD but sometimes it's not that bad.
- Hutch replied Jan 11, 2022
Yes I use my Renko system to trade XAUUSD as a matter of fact I use that system for everything I trade. I use box size of $1. With some brokers you need brick size of 100 with price of 3 digits or brick size of 10 with price of 2 digits.
- Hutch replied Jan 11, 2022
I broke my own rule by being greedy. At one time I was up $3,000 and closed the trades even.
- Hutch replied Jan 4, 2022
I never trade during the first week of the year because of low liquidity leading to higher spreads but sometimes it would have been good as shown on this chart. Looks like GBP is high on drug.
- Hutch replied Jan 3, 2022
The way I trade WTI **************** I trade this system but never before the London open and never 3 hours before the New York close. Before the London open spreads are usually higher and the market moves slower. I never trade 3 hours prior to the ...
- Hutch replied Jan 3, 2022
Putting it all together ***************** Attached into the zip file are the indicators, the EA and the templates with normal Renko candles and with smcC4scalper candles. The first picture shows that the signal arrow of the HalfTrend TT is probably ...
- Hutch replied Jan 3, 2022
Other indicators and EA ****************** The other indicators used for this system are as follows: Infoboard - This provides traders with ATR information and fractal trends. As you all know there are more potential good trades to be had with an ...
- Hutch replied Jan 3, 2022
smC4Scalper candles ***************** On the previous post I showed how the Heiken Ashi Smoothed Alert helps dealing with false signals especially on a flat market. However, this was while using normal Renko candles. Below is the picture of the same ...
- Hutch replied Jan 3, 2022
Heiken Ashi Smoothed Alert vs false signals *********************************** The picture below shows how the Heiken Ashi Smoothed Alert can deal with false signal. As you can see the first arrow indicates a downtrend signal. Normally, on the ...
- Hutch replied Jan 3, 2022
Wicks vs no wicks ************** The first chart shows Renko with wicks and the second chart without. Please note that the Half Trend TT indicator, like all Half Trend indicators, doesn't exactly work the same way without wicks as compared to with ...
- Hutch replied Jan 3, 2022
Missing signals ************ False signals are easy to detect because you have an arrow signal but the FxBay MACD on the next brick doesn't correspond because the zero line of the FxBay MACD has not been crossed. Missing signals are not easy to ...
- Hutch replied Jan 3, 2022
Valid and invalid signals ******************* In order to have a valid signal the FxBay MACD and the Half Trend TT arrow must coincide. This means that the FxBay MACD must be close to the zero line since the trade must be made only after the Renko ...
- Hutch replied Jan 3, 2022
Source Chart ********** The source chart chosen by traders is important no matter what the Renko chart generator is. Both charts in this example were produced by the STG Renko Chart indicator. At first glance you might say that they are similar ...
- Hutch replied Jan 3, 2022
STG Renko indicators ***************** Many EAs and indicators can be used to create Renko charts. You might say that it's a matter of choice. The reasons I use STG indicators are: 1. When using the STG Renko Chart indicator to create a new Renko ...
- Hutch replied Jan 3, 2022
Introduction ********** The original FxBay STG Strategy has been downloaded a few thousand times and used successfully but there were a few issues that needed to be addressed. Mainly the HalfTrend TT indicator that sometimes repaints giving false ...
- FxBay Renko
No matter the asset that you trade and the system used these are the two most important things to ...
- Hutch replied Nov 24, 2021
If you are using STG Renko indicators; STG_RenkoChart on the M1 chart and STG_RenkoChart_Remote on the chart produced by the STG_RenkoChart changing the brick size on the STG_RenkoChart_Remote will automatically change the brick size on the ...
- Hutch replied Nov 15, 2021
It all depends on the ATR average. With a low ATR (less than 100) such as for USDCAD or EURUSD brick size of 5 is appropriate. With WTI that has an ATR of 150+ a brick size of 10 is appropriate while high brick size of 20 or more is appropriate for ...
- Hutch replied Nov 15, 2021
Like all short-term traders whether WTI goes up or down is irrelevant what counts is only the trend at the moment of initiating a trade.
- Hutch replied Nov 13, 2021
Hi Keepit. The problem is that you use wicks and wicks fuk up most renko systems. Please take a look at the pictures below. As you can see the M68 chart provides better entries than the M10 chart. Since many traders like to see how a brick ends up ...