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UniRenko setup on ES


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UniRenko setup on ES

  #11 (permalink)
 Ricky H 
Raleigh, NC USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
Posts: 8 since Oct 2014
Thanks Given: 2
Thanks Received: 9


eone View Post
Please could someone share some opmitized settings for UniRenko on ES? I use 2-12-4 (TRO), and am looking for some guidance from experts. Thank you.

I use UniRenko Trend: 1 Offset: 5 Reversal: 11 - (12 Tick Bar) or Trend: 1 Offset: 4 Reversal: 9 (10 Tick Bar)

Hope this helps, Happy Trading!

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  #12 (permalink)
futurestrader9979
Los Angeles
 
Posts: 16 since Feb 2021
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Hello, I just began trading UniRenko and I use 5-11-1 and I set the EMA period to 34

I have found this gives me a simpler chart which is especially helpful for ES

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  #13 (permalink)
 bppayne 
Fort Wayne, IN
 
Experience: Intermediate
Platform: NinjaTrader, TradingView
Broker: Amp Futures/Zen-Fire
Trading: ES, CL, NQ
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I'm using 2, 10, 5. (Trend, reversal, offset) Works well on CL and ES.

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  #14 (permalink)
kianfx
USA,California
 
Posts: 1 since May 2021
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Hello
I saw your post about how Unirenko settings should be calculated. (T+O = (R+T)/2)
I was wondering how that formula can be used for FX market?
For example using 2,8,3 which are fibonacci numbers isn’t suitable for Fx since it is in pips not ticks
So is it possible i multiple these numbers by 10 and use sth like 20,80,30 or I should use higher fibbonaci numbers such as 55,233,89 thanks

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  #15 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010


kianfx View Post
Hello
I saw your post about how Unirenko settings should be calculated. (T+O = (R+T)/2)
I was wondering how that formula can be used for FX market?
For example using 2,8,3 which are fibonacci numbers isn’t suitable for Fx since it is in pips not ticks
So is it possible i multiple these numbers by 10 and use sth like 20,80,30 or I should use higher fibbonaci numbers such as 55,233,89 thanks

Forget about fibs, There is no logic to build bars based fib.
My recommendation play with reversal bar length example 5, 10, 15 ticks and so on..
And keep trend bar 1 tick and off-set 1 tick.

More here :

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Last Updated on March 15, 2022


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