RENKO Trading help

• 09/01/2019 at 4:03 PM #106086
  paxtonsm

  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

  

  paxtonsm

  Participant

  Topics: 4

  Replies: 4

  Been thanked: 0 times
  09/01/2019 at 4:55 PM #106097
  Nicolas

  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.

  1 user thanked author for this post.

  paxtonsm

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4773 times
  09/01/2019 at 6:22 PM #106103
  paxtonsm

  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

  

  paxtonsm

  Participant

  Topics: 4

  Replies: 4

  Been thanked: 0 times
  09/02/2019 at 3:00 PM #106233
  Nicolas

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

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4773 times
  09/02/2019 at 10:17 PM #106286
  paxtonsm

  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,

  

  paxtonsm

  Participant

  Topics: 4

  Replies: 4

  Been thanked: 0 times
  09/03/2019 at 12:21 PM #106364
  Nicolas

  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/

  1 user thanked author for this post.

  paxtonsm

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4773 times
• Author
  Posts