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I thought I had found the holy grail with renko bars (yes, I know it doesn't exist but it's still nice to believe,....like Santa Claus ). Running backtests on historical data with standard Renko charts is fairly easy to make a extremely profitable system. Then I realised that my system actually wasn't so great because historical Renko bars not display the intrabar movement which therefore affects the accuracy of the backtest results.
I now realise this is fairly common knowledge, but when I first discovered renko bars I started having dreams of sandy beaches, cocktails, and my automated system churning out non stop profits. Oh well, if it was that easy, everyone would be doing it.
I still have high hopes for renko bars though (or rather better renko).
Can you help answer these questions from other members on NexusFi?
Yeah, better renko is great. I like the breakout movements you can catch with these. You can still spot these on regular renko, but its just like driving a car without glasses.
I'm still a little bit on edge about completing a system with better renko because after all I don't know any other platform that has these specific bars, so i'd be dependent on NT. But who knows.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Where did you get it, since it is available only for Elite Members for NinjaTrader platform by the request of the author -- and you aren't an Elite Member... ?
I don't have them personally, But from what i hear from other people who used them is that they better than regular renko. I use to know someone who i'd trade with who used renko a while ago. I'm contemplating getting a membership solely for those bars and feedback now that i know they are used on more than one platform.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
). Running backtests on historical data with standard Renko charts is fairly easy to make a extremely profitable system. Then I realised that my system actually wasn't so great because historical Renko bars not display the intrabar movement which therefore affects the accuracy of the 
