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FlexRenko in day trading
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FlexRenko in day trading

  #1 (permalink)
Elite Member
Všnersborg Sweden
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: Transact
Favorite Futures: YM,EMD,DAX,CL,CG
 
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Posts: 392 since Jan 2013
Thanks: 552 given, 132 received

FlexRenko in day trading

First as I am from Sweden you have to keep up with my english. If any on this site from Sweden they could contact me if they feel for it. Not that many traders around there I live. I use Sierra and FlexRenko bars. Not sure if the other platforms have them but they must at least have Renkobars. I used them in the past but then Sierra got the Flexrenko I switched to them. They are as the name says more flexible. I will not post any trades (results)from my intraday system or any code but are open for discussion in more general terms how to use them. I have attached a chart YM from today and we could go from that and se how it goes. Regards Outlander
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  #3 (permalink)
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Michigan, Jackson
 
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Welcome. From Sweden. The land of my forefathers before my immigrant great(5x)-grandfather came to the U.S. around 1760. I wonder how the Sierra Charts' flex renko compares to the UniRenko used by some NT traders. It has three variable settings. What instruments (markets) do you trade?

COTtrader

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  #4 (permalink)
Elite Member
Všnersborg Sweden
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: Transact
Favorite Futures: YM,EMD,DAX,CL,CG
 
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Posts: 392 since Jan 2013
Thanks: 552 given, 132 received


COTtrader View Post
Welcome. From Sweden. The land of my forefathers before my immigrant great(5x)-grandfather came to the U.S. around 1760. I wonder how the Sierra Charts' flex renko compares to the UniRenko used by some NT traders. It has three variable settings. What instruments (markets) do you trade?

COTtrader

Hi, I trade NQ,YM,EMD, FDAX,FGBL,EC,CL but not all at the same time. I pick the ones that looks best during the day.
The settings in Sierra has also 3 variables so it must be the same. Regards Outlander

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  #5 (permalink)
Elite Member
Všnersborg Sweden
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: Transact
Favorite Futures: YM,EMD,DAX,CL,CG
 
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Posts: 392 since Jan 2013
Thanks: 552 given, 132 received

Trend with Flex Renko

The chart I posted with YM is the trade chart. To get the trend I use another Flex chart. The settings for the FlexRenko bars is so I get like a trendchannel. As long as the up or down channel in the trend charts hold I buy/sell pullbacks in the faster chart. I use no indicators but use the move of each bar to time the entry. So nothing new under the Sun. Regards Outlander

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  #6 (permalink)
Elite Member
Všnersborg Sweden
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: Transact
Favorite Futures: YM,EMD,DAX,CL,CG
 
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Posts: 392 since Jan 2013
Thanks: 552 given, 132 received

Trend chart

I might as well post the trend chart for YM so you can se the trendchannel
A picture says much more then I can explain. Regards Outlander


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  #7 (permalink)
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Všnersborg Sweden
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: Transact
Favorite Futures: YM,EMD,DAX,CL,CG
 
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Posts: 392 since Jan 2013
Thanks: 552 given, 132 received

Trades

How many trades do you need in a test? 100/200 or more? Some advice would be nice. Regards Outlander

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  #8 (permalink)
Elite Member
Všnersborg Sweden
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: Transact
Favorite Futures: YM,EMD,DAX,CL,CG
 
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Posts: 392 since Jan 2013
Thanks: 552 given, 132 received

EMD Friday

The EMD from Friday. Regards Outlander



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  #9 (permalink)
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Všnersborg Sweden
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: Transact
Favorite Futures: YM,EMD,DAX,CL,CG
 
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Posts: 392 since Jan 2013
Thanks: 552 given, 132 received

DAX today

Dax this morning. Regards Outlander




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  #10 (permalink)
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Všnersborg Sweden
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: Transact
Favorite Futures: YM,EMD,DAX,CL,CG
 
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Posts: 392 since Jan 2013
Thanks: 552 given, 132 received

CL


CL this morning. Regards Outlander


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