Re: Want to make money using renko? Simple and powerfull strategy
Posted: Fri Aug 05, 2022 6:04 am
by xzerax
bjork wrote: Fri Aug 05, 2022 4:17 am
Works great mate, been testing it for couple days ago now and do well! Will keep test it for a while before putting it on live account.
Thanks again!
Happy to hear that mr Bjork
Re: Want to make money using renko? Simple and powerfull strategy
Posted: Fri Aug 05, 2022 8:55 am
by Chickenspicy
Ogee wrote: Thu Aug 04, 2022 6:59 pm
so is the ulimaterenko worth $50 or not?
im testing further settings we all know to big and too small pip box sizes are not good
so im trying to find balance and with turbo seems more effective
minute has more accurate tick data of course but id rather have less tick accuracy then giant spreads
hasnt repainted for me yet like last time
Re: Want to make money using renko? Simple and powerfull strategy
Posted: Fri Aug 05, 2022 9:10 am
by wojtek
Renko and constant range bars are great, but rather for automatic trading.
With manual trading, when a faster movement takes place, blocks can build up
so quickly that you won't have time to enter / exit the market at the appropriate moment.
The lack of time is a big disadvantage here.
Re: Want to make money using renko? Simple and powerfull strategy
Posted: Fri Aug 05, 2022 9:23 am
by Chickenspicy
idk its going really slow right now for me
Re: Want to make money using renko? Simple and powerfull strategy
Posted: Fri Aug 05, 2022 9:29 am
by wojtek
sometimes very slow, sometimes very fast. I don't like it,
but of course it's my personal preference. I would prefer
10S for faster instruments (e.g. indices).
Re: Want to make money using renko? Simple and powerfull strategy
Posted: Fri Aug 05, 2022 9:39 am
by Chickenspicy
wojtek wrote: Fri Aug 05, 2022 9:29 am
sometimes very slow, sometimes very fast. I don't like it,
but of course it's my personal preference. I would prefer
10S for faster instruments (e.g. indices).
wow thats ultra fast lol what type of spreads you dealing with lol
Re: Want to make money using renko? Simple and powerfull strategy
Posted: Fri Aug 05, 2022 9:40 am
by Chickenspicy
Re: Want to make money using renko? Simple and powerfull strategy
Posted: Fri Aug 05, 2022 9:46 am
by wojtek
chickensword wrote: Fri Aug 05, 2022 9:39 am wow thats ultra fast lol what type of spreads you dealing with lol
For DE40 spreads could be low enough during the session 9:00 - 17:30 (Central European Time).
BTW, there are other interesting scripts, e.g. forming spread bars or constant volume bars.
Of course, if you like renko and are profitable using it, it's the most important thing.
Re: Want to make money using renko? Simple and powerfull strategy
Posted: Fri Aug 05, 2022 9:54 am
by Chickenspicy
wojtek wrote: Fri Aug 05, 2022 9:46 am
For DE40 spreads could be low enough during the session 9:00 - 17:30 (Central European Time).
BTW, there are other interesting scripts, e.g. forming spread bars or constant volume bars.
Of course, if you like renko and are profitable using it, it's the most important thing.
what else is? all i know is heikin and renko
Re: Want to make money using renko? Simple and powerfull strategy