Renko ADX Stoch system - page 4
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Daily Renko
Hi guys it is possible to apply this strategy on Daily period Renko?
THX
You can but use at least 20 pips Renko boxes.
Hermes
The latest RenkoLiveChart EA is v3.4.ex4. I cannot get the EA.mq4 version, has it somebody?
If you want to get the best setting for Renko boxes put ATR (20-10-5) on chart you want to trade and divide the added results by 3. E.g. put the ATR on Daily chart and if it gives you after division by 3 25pips box result trade on the offline chart the 25 pips boxes - it is equivalent to daily volatility. On higher pips boxes you get less trades but also less noise and more exact indications of indicators.
On every other time frame you get different box size.
Cheers Hermes
The latest RenkoLiveChart EA is v3.4.ex4. I cannot get the EA.mq4 version, has it somebody?
If you want to get the best setting for Renko boxes put ATR (20-10-5) on chart you want to trade and divide the added results by 3. E.g. put the ATR on Daily chart and if it gives you after division by 3 25pips box result trade on the offline chart the 25 pips boxes - it is equivalent to daily volatility. On higher pips boxes you get less trades but also less noise and more exact indications of indicators.
On every other time frame you get different box size.
Cheers HermesHead to the ff forum renko programming thread, however mq4 isn't posted there too, the ex4 only.
Why not go to purebeam.biz and have them decompile 4 ya
Good idea!
Thanks Hermes