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You keep hailing Renko as a "miracle", but it is only as good as the size that you set for it. Selecting a size can be just as arbitrary as selecting the period of a moving average.
It requires just as much (if not more) optimisation passes to find the best fit and is highly symbol (and broker) dependant and can shift over time.
It is not a "miracle" solution that fits all. Like all methods and strategies, it requires the right market conditions and just the right brick size for it to be any good.
It is simply only one of the many, many methods—no better, no worse!
Really? Which of my posts are you quoting "miracle" from?
I never claimed to be a miracle worker so providing proof would be... a miracle.
By the way, "dependant" is actually spelled as "dependent."
Ok, maybe I overreacted given the number of times you keep mentioning it in your posts! 👍
Yes, it was a typo! They are both valid words, just with different meanings.
Ok, maybe I overreacted given the number of times you keep mentioning it in your posts! 👍
Really? Which of my posts are you quoting "miracle" from?
I never claimed to be a miracle worker so providing proof would be... a miracle.
By the way, "dependant" is actually spelled as "dependent."
I have renko strategies but I do not run them on fx pairs or cfds I only use them on actual CME products because it makes me feel better and CME prices all have to go through Chicago.