Renko vs. standard bars is largely a matter of preference BUT, it is sometimes very beneficial to have equally side-by-side.
Therefore, 5 pip renkos plus also a 5 or 15 minute chart of the same market can help explain whether the transaction is solid or not.
Doesn't matter which trading approach you're using - it can help.
Aside from this, since this approach relies on a pause (pullback), which can be time-sensitive, regular bars may give more legitimate setups.
just banked a quick 10 pip shot EURCAD...
I took those ten pips due to this poor range day today
Nice job, Mr. Ma. I watched price action around pivots as it was dimmed. Remember you may sometimes get a better entrance by heading in
at another lower time period. When the market collapsed after, there were some moves.
Have a look at the price action using 5 pip renkos too. Here's a perfect setup below with the pullback contained from the trendline.
Once I see this and there is room for the trade - next pivot 15 or so pips away - confidence level is high.
76622Hi Guys,
Only saw the thread, I need to check at it nearer to get the idea. Any new setups which you visit, please discuss here. Thanks
93966Thanks Thruline its impressive egy,I got good result from different pairs
93966Thanks. Yes, it works. Requires works fairly well with renko and patience.
93966hi Thruline, I am using same egy and its outcome. But I am interested for EA.
93966Yes, EA are great but might be difficult to code.
You could make request here:
https://www.nigeriaforextrading.com/...ervations.html
93966Thanks Thruline, I have request on that forum but didn't receive any response from any programmer.what other indiors are you using with this egy?Originally Posted by ;
93966Hello Thruline!
Thank you for your sharing!
Could you please reveal a scrensshot with noticeable entry candle, SL degree and TP degree?
Thank you again!
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