This thread is an offshoot of a thread started in the Programming Discussion Forum that gradually changed focus from 'how to write a Renko script' to 'how to trade Renko' so it seems more appropriate here. I'll get the ball rolling with an example of what I'm trading right now and, at some point further along if there is interest in this topic, I'll post the indicators, etc. That I'm using and direct those new to Renko to the necessary educational materials. If you are already trading Renko, this is the place to share with others who may not be doing what you are doing and would like to share. Here's what I'm up to these days: The horizontal lines on the chart are standard Pivot Points - I'll post the indi I'm using soon (or you can find/use one of your choice). This thread is an offshoot of a thread started in the Programming Discussion Forum that gradually changed focus from 'how to write a Renko script' to 'how to trade Renko' so it seems more appropriate here.

I'll get the ball rolling with an example of what I'm trading right now and, at some point further along if there is interest in this topic, I'll post the indicators, etc. That I'm using and direct those new to Renko to the necessary educational materials. If you are already trading Renko, this is the place to share with others who may not. Glad there is a Renko thread, I was feeling alone here trading it. I do love it, I have scalped and traded all sorts of things but in terms of waiting and adjusting stop losses i wasnt very disciplined, but actually trading Renko has helped me with that. I use a 5 pip renko, look for Price Action, I.E.

Hh's hl' lhs'lls etc. And then I threw in a bollinger band where the midline is set to 20, which I think most are but on Ninja it was set at 14. I trade going along with the price action but also using that in conjuction with a nice bounce off the midline of the bb as you an see in the chart with the blue vertical lines. I keep the rr at 1-1. Well I go for one to one, but sometimes in profit I scale out some at 8 pips then 12 and then shoot for a runner with the last few. Go to this link: and follow the simple instructions. I use it with no problems (and also had a VERY small part in the programming).

The only known bug occurs when the user attempts to use 1 pip blocks with ShowWicks = true. If you want 1 pip blocks, be sure to set the user variable ShowWicks to false. There is also a commercial Renko script which costs 30 Euros for the executable. You can Google this and find it.

How to Trade Using Renko Charts [With Pictures] February 13th, 2017 by LuckScout Team in Trading and Investment Do you really have to consider the time or volume in your trades, or is it also possible to trade based on the price changes only?

I've also attached the bare-bones Pivot Point indi (one of thousands downloadable on the Internet). Let me know if you find any problems. I first came across renko charts from c4 and nitro. Their simplicity and ability to take away directional confusion was fantastic. I am glad there is an independant thread for renko trading.

I have been trying to trade pure renko, without most of the indicators from the other threads, but quite often the price goes against me too much for my comfort level regarding the sl/tp. The only thing I can think of is that for less volatile pairs eg eu, au, uchf etc, a 5 pip renko is needed, and for volatile pairs like ej, gj, gu, a 10pip renko is needed. I have always been a fan of stochastics from the times of spudfyre, but didn't have much luck getting them to corespond with renko.

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I am look forward to the contributions made here and hopefully can make some of my own. I first came across renko charts from c4 and nitro. Their simplicity and ability to take away directional confusion was fantastic. I am glad there is an independant thread for renko trading. I have been trying to trade pure renko, without most of the indicators from the other threads, but quite often the price goes against me too much for my comfort level regarding the sl/tp. The only thing I can think of is that for less volatile pairs eg eu, au, uchf etc, a 5 pip renko is needed, and for volatile pairs like ej, gj, gu, a 10pip renko is needed. IgnoredI use the stochs i mentioned in this thread the 12 3 3 and the 8 3 3 and have them line up ob/os, its been working for me to keep me out of crap.