RENKO Trading help

paxtonsm · 2019-09-01T15:03:06+00:00

I really like to Use RENKO but PRT paints them wrongly on version 10.3 as they attach a time element causing then to sometime repaint which is not RENKO. To try and get round this is issue with the RENKO charts not working I would like to code a straegy but not great at coding. Can anyome help by suggesting code to do the following Going Long Once a green block (5pips) is indicated + 1pip enter long exit when a red block – 1pip is indcated set trailing stop on entry of 10 pips Thank you

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09/01/2019 at 4:03 PM #106086 quote

paxtonsm
Participant

New

I really like to Use RENKO but PRT paints them wrongly on version 10.3 as they attach a time element causing then to sometime repaint which is not RENKO. To try and get round this is issue with the RENKO charts not working I would like to code a straegy but not great at coding. Can anyome help by suggesting code to do the following

Going Long

Once a green block (5pips) is indicated + 1pip enter long

exit when a red block – 1pip is indcated

set trailing stop on entry of 10 pips

Thank you

09/01/2019 at 4:55 PM #106097 quote

Nicolas
Keymaster

Legend

Renko charts on PRT are not repainting if you use the tick-by-tick chart, you can choose it in the dropdown menus of all the available timeframe at the top of each chart.

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09/01/2019 at 6:22 PM #106103 quote

paxtonsm
Participant

New

Thank you, I have changed to tick by tick. However, the units that I want to use 5units cannot be shown. I would like each block to have a unit vaule of 5, why is this not possible? Am I doing soething wrong?

Steve

09/02/2019 at 3:00 PM #106233 quote

Nicolas
Keymaster

Legend

You mean 5 points for each brick? What is the instrument please?

09/02/2019 at 10:17 PM #106286 quote

paxtonsm
Participant

New

Nicolas,

I have now sorted the tick by tick setting, which I use 5 pips. Thank you.

I wanted to apply this to the FTSE. Enter the market on a green block and exit the market on a red block and vice versa for shorting.

Kind Regards,

09/03/2019 at 12:21 PM #106364 quote

Nicolas
Keymaster

Legend

I understand the strategy but it is still not possible to trade automatically the renko charts, the best way to deal with it is to use a simulated renko brick construction on a normal timeframe like we used in these examples:

https://www.prorealcode.com/prorealtime-trading-strategies/pure-renko-strategy/

https://www.prorealcode.com/prorealtime-trading-strategies/renko-automated-trading-system/

all library’s posts about renko: https://www.prorealcode.com/tag/renko/

topics tagged with “renko” keyword: https://www.prorealcode.com/topics-tag/renko/

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