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why renko is danger
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Created: by wh Attachments:12

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why renko is danger

  #11 (permalink)
Elite Member
Neubrandenburg, Germany
 
Futures Experience: Advanced
Platform: R
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wh's Avatar
 
Posts: 538 since Jun 2009
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On Sim ... I am not crazy ... but it looks good and chart painted good, so i think it can be sucessfull ... this week it runs on sim and then i will show
1. mechanical trading system
or
2. automatic trading system

I send you a email.

Mfg arne

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  #12 (permalink)
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RJay

to pick some pips like 10, it is now very usefull. i use it as too as noisefilter.

Mfg Arne

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  #13 (permalink)
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RJay View Post
Arne,

Be sure to forward test in real time. I do not have a lot of faith in the analyzer. Especially on unsupported charts type like this.

RJay

you are right, the spread(bid/ask) and consolidation is killing you on smaller ticks like 4 range mean on forex ... i would select a higher ticksize for testing now

the results from analyser calculate without market conditions ... the analyzer
enhances the results to the best what is not the reality but the renkos works fine ...

now i am frustated

Arne


Last edited by wh; June 15th, 2009 at 02:33 PM.
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  #14 (permalink)
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RJay View Post
Hi Arne,

Here's another wannabe chart I call ChannelTrend. It creates a new bar for every new MAX or MIN tick above or below a defined tick channel.

Definitely outside the "box".

It looks really good. But its a work in progress. It cannot be trusted alone.

Sigh, Well, back to studying Volume.

RJay

RJay

How it is calculate on volume or tick???


Arne

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  #15 (permalink)
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It runs on tick data.

I'm trying to develop a volume indicator that could work with it.

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  #16 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
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BUG ALERT !!!!

The beta Chart type RenkoMedianbars that I posted earlier in this thread has a chart positioning problem.

I am pulling it until further notice.

DO not use this chart to enter orders.

RJay

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  #17 (permalink)
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here is a greater bar

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  #18 (permalink)
Market Wizard
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I don't mean to be offensive, but if you alter Renko to have tails & update on tick by tick basis isn't what you end up with a candlestick chart? That's exactly I was trying to get away from (all the up&down&up&down movement - confusing me as to whether to go long or short) by using Renko. Renko calmed the noise. I'd like to see Renko taken a step further in the same direction - eventually - just a sine wave of price movement so you could enter at any point on the wave, just so long as you entered in the direction of the wave. Now there's a programming challenge! Anyone up to it?

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  #19 (permalink)
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RJay View Post
Attached is my latest Beta RenkoMedianBars so you can see what I'm working on.

RJay

I like what I see

Mike

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  #20 (permalink)
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Big Mike View Post
I like what I see

Mike


Thanks Mike,

I'm trying to Build an ATS off this setup.

RJay

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