To all Renko users - Traders Hideout | futures io social day trading
futures io futures trading


To all Renko users
Updated: Views / Replies:2,341 / 10
Created: by emazing Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

To all Renko users

  #1 (permalink)
Elite Member
Toronto
 
Futures Experience: Advanced
Platform: Ninjatrader
Favorite Futures: ZB
 
Posts: 36 since Apr 2011
Thanks: 13 given, 7 received

To all Renko users

I noticed that there is a ton of information and lots of different Renko types here but what I have not seen yet is actually people using Renko and sharing their thoughts.

Are any of you actually trading off of Renko charts? If yes, please share your experience. I just recently switched from Tick charts to Renko (using UniRenko and lovin it!!) charts and I use the following settings:
Open Offset - 1
Tick Trend - 1
Tick Reversal - 2

So as you can see from my setting, this is heavy duty intraday and I mostly trade the 6E. The main problem I'm experiencing is that Renko bars are pure price-action and non time based. When I was trading off of Tick charts, I was using a Tick counter and was more or less always ready to enter but, with Renko I miss quite a few trade entries because they can happen so sudden.

If someone more experienced than me has had similar problems and found a way to cure this, than I greatly appreciate how you have overcome this problem.

Thank you all who respond :-)

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Montreal, Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Trading Group/Rithmic
Favorite Futures: CL
 
Posts: 69 since Oct 2009
Thanks: 252 given, 34 received

Unirenko


That setting is way too fast... of course its going to get away from you. Try something slower.

Reply With Quote
 
  #4 (permalink)
Elite Member
Charlottetown, Prince Edward Island
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Optimus - Rithmic
Favorite Futures: GC
 
WolfieWolf's Avatar
 
Posts: 232 since Jul 2010
Thanks: 100 given, 273 received

I use PureLogik Ultimate Renko bars exclusively, we were just talking about this in my Journal thread. I overlay the anaHeikenAshi study on top of the renko and I find that it helps me to identify pullbacks from reversals. Its like having a moving average built into every bar (I can't believe I said that - I hate moving averages)... The previous poster had a really good point though, your settings are way too fast, if you're going to use Renko you need a pretty big bar to clearly identify trend from chop.

Reply With Quote
 
  #5 (permalink)
Elite Member
Toronto
 
Futures Experience: Advanced
Platform: Ninjatrader
Favorite Futures: ZB
 
Posts: 36 since Apr 2011
Thanks: 13 given, 7 received

Thank you guys for your replies :-) The problem is that I use a tight 4-tick stop-loss and yes, I do get stopped out a lot!! However, the big moves I manage to catch, more than make up for the losses

What settings do you guys recommend? And if I change my setting from #1 & #2 to #2 & #4, than that means my stop loss has to be increased now.

Any ideas? What settings are you guys using when trading intraday?

Reply With Quote
 
  #6 (permalink)
Elite Member
Charlottetown, Prince Edward Island
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Optimus - Rithmic
Favorite Futures: GC
 
WolfieWolf's Avatar
 
Posts: 232 since Jul 2010
Thanks: 100 given, 273 received


emazing View Post
Thank you guys for your replies :-) The problem is that I use a tight 4-tick stop-loss and yes, I do get stopped out a lot!! However, the big moves I manage to catch, more than make up for the losses

What settings do you guys recommend? And if I change my setting from #1 & #2 to #2 & #4, than that means my stop loss has to be increased now.

Any ideas? What settings are you guys using when trading intraday?

I'm not using UniRenko but it would translate to something roughly: 3,26,13. Of course the method you are using is going to inform your bar resolution significantly. From my experience the smaller your time frame the smaller your opportunity but I don't want to tell anyone how to trade.

Reply With Quote
The following user says Thank You to WolfieWolf for this post:
 
  #7 (permalink)
Elite Member
Toronto
 
Futures Experience: Advanced
Platform: Ninjatrader
Favorite Futures: ZB
 
Posts: 36 since Apr 2011
Thanks: 13 given, 7 received

WolfieWolf, can you please tell me the difference (or even show me) between the UniRenko and PureLogics Renko bars? Do they give trials and how much are they?

Thank you!

Reply With Quote
 
  #8 (permalink)
Elite Member
Charlottetown, Prince Edward Island
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Optimus - Rithmic
Favorite Futures: GC
 
WolfieWolf's Avatar
 
Posts: 232 since Jul 2010
Thanks: 100 given, 273 received


emazing View Post
WolfieWolf, can you please tell me the difference (or even show me) between the UniRenko and PureLogics Renko bars? Do they give trials and how much are they?

Thank you!

I'm going to answer your question over in the PureLogik thread as I know Mike prefers vendor related discussion to take place in the Vendor related sections. Search for PureLogik and I'll post some information over there in a little while.

/W

Reply With Quote
 
  #9 (permalink)
Elite Member
Toronto
 
Futures Experience: Advanced
Platform: Ninjatrader
Favorite Futures: ZB
 
Posts: 36 since Apr 2011
Thanks: 13 given, 7 received

Awesome!

Reply With Quote
 
  #10 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,216 since Jun 2009
Thanks: 628 given, 6,314 received
Forum Reputation: Legendary



WolfieWolf View Post
I use PureLogik Ultimate Renko bars exclusively, we were just talking about this in my Journal thread. I overlay the anaHeikenAshi study on top of the renko and I find that it helps me to identify pullbacks from reversals. Its like having a moving average built into every bar (I can't believe I said that - I hate moving averages)... The previous poster had a really good point though, your settings are way too fast, if you're going to use Renko you need a pretty big bar to clearly identify trend from chop.

HeikenAshi is created out of moving averages, the length of candles = distances between 2 MAs.

Reply With Quote

Reply



futures io > > > To all Renko users

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
IQFeed API Users aviat72 Reviews of Brokers and Data Feeds 22 September 16th, 2015 06:25 PM
Renko 9 and Renko 6 on a pair. how to I get info from one a pass it to the other benwincky NinjaTrader 1 July 23rd, 2013 12:54 PM
Any other Fitbit users here? JVentura Off-Topic 3 August 17th, 2012 12:12 PM
What is the difference in the regular Renko charts and the Median Renko charts PamH NinjaTrader 17 February 21st, 2012 08:16 PM
Any multicharts with zenfire users? tradingonvolume Reviews of Brokers and Data Feeds 4 February 3rd, 2012 07:42 PM


All times are GMT -4. The time now is 03:36 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.12 seconds with 19 queries on phoenix via your IP 54.226.132.197