Bob, stare at those charts as much as you want. When it comes to actually trading them it will not make a jot of difference.nanningbob » Mon Oct 27, 2014 2:05 pm wrote:I have been sitting and staring at charts for hours and I still cant believe what I am seeing there has just got to be a catch somewhere. I am going to bed. I cant think anymore but look at this.
Renko candles form when x pips have marched off in one direction. Eventually. 'Eventually' can cover hours/days/weeks/months of pain whilst the markets moved in the opposite direction before finally making up their mind and forming a renko candle. They look great in hindsight; they are rubbish whilst forming.
Whilst adding up loads of swap costs.
Guys, I have been coding this stuff for 8 years now. I have coded a fair few renko ea's. They were all failures. renko ea's in the future will continue to fail for the reasons I outline above.
Renko charts look great. Trading them does not work. If it did work, then we would all be rich beyond our wildest dreams. It doesn't so we aren't.