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Very good indicator

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Renko Charts

Topic: Renko Charts

Recently switched over to using Renko charts and so far things look promising. If anyone else would care to share there good results achieved with regards to box size setting etc and or a good ea that I can use to trade with them. Any information you can lend would be appreciated. I thank you all in advance and look forward to you replies.

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Re: Renko Charts

I got this value as part of a randomly generated strategy.
Ichimoku(3, 30, 52, Kijun-sen)

For the Ichimoku cloud, does this mean the value is shifted of the base line (second value) is plotted 30 bars into the future, or 26(default ichimoku cloud)? I'm confused about the whole calculation of all of it, could someone explain it to me, the stockcharts.com explanation is confusing me.

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Re: Renko Charts

I think Renko Chart as raymondstenberg ask about the real trading result for setting parameter or EA is different from Ichimoku as 395580482 told about setting.

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Re: Renko Charts

I have some technique about setting box size of renko.  You can use atr(14) as a box size.  or Just set it manual to about 1-1.5% of the Mean of price.

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Re: Renko Charts

I have tried Renko, but haven't found a strategy worked for them. Now I am using 10pip renko candle, just to be able to see whwew the market is heading and where are the possible S/R areas.

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Forex Trade Copy

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