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Innovative-Trading-solutions-online.com review


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Innovative-Trading-solutions-online.com review

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  #1 (permalink)
 Rayzor 
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I am a Renko bar fiend; I have used regular Renko, SBS, and Better Renko. I think they are all good but when I came across our own RJay’s site to check out his volume stuff, I stumbled across his Hybrid Renko Bars. I will never bash a vendor because half the time it doesn’t work out it’s my fault anyway and I have always thought if you don’t have anything nice to say, why say anything at all (and who wants to battle w/ the vendors and/or get sued anyway)? I have to give these Hybrid Renko Bars a huge thumbs up. They do a great job of wiping out the noise, they print clean, it doesn’t take my charts forever to load up, and they will survive and print correctly even during the oil inventory report (CL). I bought the bars before he was even offering a trial; the $150.00 I spent was well worth it. I like this product a lot. Just my two cents. Attached is a 4 & 8 tick; I prefer the 8 personally.

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  #3 (permalink)
 Big Mike 
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Care to explain the differences between this bar type and the other ones available on futures.io (formerly BMT)?

Mike

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  #4 (permalink)
 Rayzor 
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Experience: Beginner
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Big Mike View Post
Care to explain the differences between this bar type and the other ones available on futures.io (formerly BMT)?

Mike

Here are some screen shots, a picture is worth a thousand words, at least to an ape like me (I am a lousy writer ) I figured I would throw up some screen shots minus my indicators and just let you an others draw your own conclusion. I just really like the way these things "smooth things out", at least for me. Bottom line, for ME, they are just easier on my eyes and "flow" (as I call it) better. The shots I provided are all from like 8:15 - 15:15 MST, I didn't want to cherry pick a chat. Any questions, please let me know. For me it's a visual thing.

I would have done Median Renko, but I have never been able to get them to work for me.

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  #5 (permalink)
 randyjb 
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Hmm. .thanks for throwing up the chart comparisons. I wasn't even aware RJay had his own site. I shall have to zip over there and take a closer look but these bars of his look more like a cross between Renko and HeikenAshi bars from just looking at your charts, as each of the successive bodies starts painting from about the midpoint of the prior bar, etc.

I will go and have a look.

Randy
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  #6 (permalink)
 Rayzor 
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See how Better Renko skips all over? Other than the "calming of the noise" these bars print well even during the Oil Inventory

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  #7 (permalink)
 Silvester17 
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Rayzor View Post
See how Better Renko skips all over? Other than the "calming of the noise" these bars print well even during the Oil Inventory

have to agree, rjay did a great job.

but as far as better renko skip all over. that's exactly why I prefer better renko and kase bars. they don't produce phantom bars like normal renkos and range bars. they only plot where a trade actually took place. might not look pretty, but shows the reality.

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  #8 (permalink)
 Rayzor 
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Posts: 129 since Sep 2010


Silvester17 View Post
have to agree, rjay did a great job.

but as far as better renko skip all over. that's exactly why I prefer better renko and kase bars. they don't produce phantom bars like normal renkos and range bars. they only plot where a trade actually took place. might not look pretty, but shows the reality.

Thanks Sly, that is an interesting perspective IU have never thought of.

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  #9 (permalink)
 monpere 
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Rayzor View Post
See how Better Renko skips all over? Other than the "calming of the noise" these bars print well even during the Oil Inventory

@ RJay, Can these Hybrid Renko, and Trend bars be backtested like Better Renko? and do they show the real open and close of each bar or phantom open prices like Heiken Ashi?

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  #10 (permalink)
 Rayzor 
Coloado
 
Experience: Beginner
Platform: Ninja Trader
Broker: AMP, OEC, CQG
Trading: NQ
 
Posts: 129 since Sep 2010



monpere View Post
Can these Hybrid bars be backtested like Better Renko?

Monepere, I am going to have to refer you to RJay (vendor) for that one. I do not back test, only forward.

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