PureLogikTrading - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


PureLogikTrading
Updated: Views / Replies:18,673 / 53
Created: by Hard 8 Attachments:4

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
 4  
 
Thread Tools Search this Thread
 

PureLogikTrading

  #21 (permalink)
Trading Apprentice
Ohio
 
Futures Experience: Intermediate
Platform: MT4
Favorite Futures: Forex
 
Posts: 6 since Jan 2011
Thanks: 0 given, 0 received

Trading Question

Greetings, I just discovered Renko bars for Forex trading yesterday. I thought they looked so good, and did a backtest just going long on blue and short on red. Perfect system! 1600 pips in just one month. Then I discovered that they are not an actual representation of the market, as the market has wicks. So if we are in long and set an order to go short at the first down bar, we may actually get filled and taken out of our long, when the Renko bricks are still showing long.

Now I see this thread and I see 2 different methods presented: BetterRenko and LogicRenko. Can anyone suggest which one to use in order to trade Forex on MT4? And what things do these methods do that traditional Renko bars do not?

Thank you.

Reply With Quote
 
  #22 (permalink)
Elite Member
NY
 
Futures Experience: Advanced
Platform: NinjaTrader, TS, MetaTrader
 
Posts: 5 since Nov 2009
Thanks: 1 given, 16 received

Hi Dreamliner,

I can say the LogikRenko isn't available for MT4, only NT.

Separate from that, there are two important pieces to get accurate backtest results.

1. You need the wicks.
2. The renko bar cannot plot reversal bricks in the traditional method. Meaning, when a brick changes from green to red, the opening price of the red bar should be at the prior green bars closing price. If the red opening price is at the prior green open price (traditional), the back test engine will likely get fooled and use this price, even thought the market doesn't truly move in that manner.

So, no matter which renko you use for MT4, make sure this is the case if you want accurate results.

Just some food for thought.

Reply With Quote
The following user says Thank You to mrlogik for this post:
 
  #23 (permalink)
Trading Apprentice
Ohio
 
Futures Experience: Intermediate
Platform: MT4
Favorite Futures: Forex
 
Posts: 6 since Jan 2011
Thanks: 0 given, 0 received


Thank you for the very quick reply.

Regarding needing the wicks, do you mean for backtesting, live trading, or both? And where to get them? I assume either the Logic or Better, correct? I've done a search to look for "Renkos with Wicks" but cannot find any.

I can use NT I believe. Would prefer to just use on Demo, any idea where to sign up for a Demo account that provides a NT platform? I use Oanda to trade and only use MT4 for analysis, so I could use NT instead of MT4 for that.

I can, of course, keep looking for these two things. Just wanting to know if anyone has the answers already and could save me some time.

Thank you again.


mrlogik View Post
Hi Dreamliner,

I can say the LogikRenko isn't available for MT4, only NT.

Separate from that, there are two important pieces to get accurate backtest results.

1. You need the wicks.
2. The renko bar cannot plot reversal bricks in the traditional method. Meaning, when a brick changes from green to red, the opening price of the red bar should be at the prior green bars closing price. If the red opening price is at the prior green open price (traditional), the back test engine will likely get fooled and use this price, even thought the market doesn't truly move in that manner.

So, no matter which renko you use for MT4, make sure this is the case if you want accurate results.

Just some food for thought.


Reply With Quote
 
  #24 (permalink)
Elite Member
NY
 
Futures Experience: Advanced
Platform: NinjaTrader, TS, MetaTrader
 
Posts: 5 since Nov 2009
Thanks: 1 given, 16 received

Hey Dreamliner,

The wick requirement is mainly for backtesting. In real-time a strategy "should" be smart enough to use the true price.

I know you can get the BetterRenko on this forum for free. Just search BetterRenko.
The LogikRenko is not free however. The main difference between the two is the ability to change the display of the bar per your taste, as well as some other features such as auto bricksize determination and tick filtering.

If you want to learn about the LogikRenko, just check out my website. I suggest you try the BetterRenko which is free first to see if it suites your needs.

Reply With Quote
 
  #25 (permalink)
Trading Apprentice
Ohio
 
Futures Experience: Intermediate
Platform: MT4
Favorite Futures: Forex
 
Posts: 6 since Jan 2011
Thanks: 0 given, 0 received

Wonderful, will do. I just found your website, too, so will look there as well.

Now if anyone has any ideas where to get a NT platform, for free, I'd appreciate it. I'm searching the web for that too.


mrlogik View Post
Hey Dreamliner,

The wick requirement is mainly for backtesting. In real-time a strategy "should" be smart enough to use the true price.

I know you can get the BetterRenko on this forum for free. Just search BetterRenko.
The LogikRenko is not free however. The main difference between the two is the ability to change the display of the bar per your taste, as well as some other features such as auto bricksize determination and tick filtering.

If you want to learn about the LogikRenko, just check out my website. I suggest you try the BetterRenko which is free first to see if it suites your needs.


Reply With Quote
 
  #26 (permalink)
Elite Member
NY
 
Futures Experience: Advanced
Platform: NinjaTrader, TS, MetaTrader
 
Posts: 5 since Nov 2009
Thanks: 1 given, 16 received

Dream,

Did you go to their website? There is an excessively large banner for a free download...

Reply With Quote
 
  #27 (permalink)
Trading Apprentice
Ohio
 
Futures Experience: Intermediate
Platform: MT4
Favorite Futures: Forex
 
Posts: 6 since Jan 2011
Thanks: 0 given, 0 received

I'm there as we speak!

Now I have NT, and just reading your site, and should be all set up soon.


mrlogik View Post
Dream,

Did you go to their website? There is an excessively large banner for a free download...


Reply With Quote
 
  #28 (permalink)
Trading Apprentice
Ohio
 
Futures Experience: Intermediate
Platform: MT4
Favorite Futures: Forex
 
Posts: 6 since Jan 2011
Thanks: 0 given, 0 received

Thank you again for all the helpful information on this thread. Also, I do appreciate the attempts to keep these threads positive. I just signed up today and got the "intro" email from "Big Mike" and appreciate the statements to keep the threads positive. I got so tired of the negativity.

Anyway, I'm on my way to examine LogicRenko soon!

Reply With Quote
 
  #29 (permalink)
Elite Member
Fort Lauderdale, Florida. USA
 
Futures Experience: Beginner
Platform: NT
Broker/Data: CQG
Favorite Futures: YM,CL
 
rainbowchaser's Avatar
 
Posts: 136 since Mar 2011
Thanks: 448 given, 60 received

about the link


Hard 8 View Post
Pure Logik Trading

I happened to stumble across this website from a NT email announcing new third party partners. Although I wasn't interested in indicators, the LogikRenko--their offering of an improved version of the classic Renko--was intriguing.

Like many of you, I have tried and tested every bar out there to improve my performance of manual and automated strategies. The Renko and its derivatives are helpful with discretionary methods but fail terribly in auto strategies. Great backtests, lousy live.

Anyway, I started an email dialog with Anthony, the developer of PureLogik (who was most helpful and generous with his time and no hard sell) and decided to try the LogikRenko bricks in a couple of autotrade systems. In fact, I spent all of last week testing them in real time. I ran the strategies in an A-B mode with one using a variety of Renkos and the other with PureLogik.

Although I need to test further, my initial reaction with PureLogik is most favorable. The live fills are virtually identical to market replay with variance no more than one tick. The other Renkos, not surprisingly, performed poorly.

I've attached the white paper.

Hi was interested in reading about the Renkos and went to the link but was no longer there. May you have a copy on pdf?
Thanks.

Reply With Quote
 
  #30 (permalink)
Elite Member
Las Vegas, NV
 
Futures Experience: None
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL
 
Posts: 102 since Jun 2010
Thanks: 115 given, 103 received

LogikUltimateRenko


Any one try out this new bar type LogikUltimateRenko from purelogik?
There's so much discussion on renko bars, I wonder if anyone has tried this one?

I took the plunge, and looks good so far.
Here are some charts of the TF from last Thurs and Fri PST time zone.
He has some details on his web page on how the bars plot.
The charts below represents 100% and 200% reversal percentage.

So just wondering if anyone else has tried these new bars out.

-Micky

Attached Thumbnails
PureLogikTrading-tf_12tk_100.png   PureLogikTrading-tf_12tk_200.png  
Reply With Quote
The following user says Thank You to marker for this post:

Reply



futures io > > > PureLogikTrading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     


All times are GMT -4. The time now is 09:27 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 2017-12-14 in 0.22 seconds with 19 queries on phoenix via your IP 54.82.56.95