Why You SHOULD Be Trading with Renko
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109 Comments
Jeff said: Does Keltner Bells work in NinjaTrader?
Mark (NetPicks) said: Yes fully compatible with NT.
Thanks.
Steve said: How can i buy the system ?
Mark (NetPicks) said: Contact us at our email address and they can see if there’s anything they can do since the launch has ended. Thanks.
abdul said: can you trade stocks or futures
Mark (NetPicks) said: Personally I’m not at this time but been told that others have used it for stock and a few mentions of gold futures
David S said: very interested
colin said: Is there a life span to this system, as markets are constantly changing. Does it need updates or is it price structured
Mark (NetPicks) said: Colin, good question. Yes, very much price structured and dynamic. Any adjustments are typically just based around major changes in trading ranges. For example, if a market trades in a 200 pip range a day then drops to 100 pips you would probably consider a smaller range/renko box size. The strategy itself remains the same across all markets/price intervals.
Manfred said: I am living in Germany – 6 or 7 hours ahead of US EST. Can I need your system without problems caused through/by time difference?
Mark (NetPicks) said: Yes we have traders globally and definitely many throughout Europe. Thanks.
terry said: I USE MT4 AND IT DOESN"T HAVE RENKO CHARTS, WILL THIS SOFTWARE INSTALL THEM IN MY MT4
Mark (NetPicks) said: Correct – we’ll provide a plugin that will enable you to create renko bars as well as range bars inside of MT4.
Ed said: how many pairs should I trade to be profitable?
Mark (NetPicks) said: You could trade one but my suggestion is it’s quite easy to follow 3-5 pairs. Start small in the beginning to be sure you have everything down.
kawi fuad said: I was just getting started to like the one day swing trader, and now we have the renko . I am sure it will be better and more profitable.
Steve said: Renko bars don’t give you the ability to read price action, via typical bar formations.. e.g. bounces, etc, though. That’s the issue I have with them. Its harder to read whats going on with the market on the time frame being traded.
Mark (NetPicks) said: I don’t disagree with you in the case where this is an important part of a system when there’s a lot of subjective tech analysis going on as well. In the case of Keltner Bells they work ideally for us since those issues are already accounted for in our setups and targets.
Virgil said: What do you do if the entry comes at a time when you are not awake, do you wait for next entry or if only a couple of blocks off do you enter for a smaller gain?
Mark (NetPicks) said: Good question and all that is detailed in the system. We have something called “getting in synch” – and it is designed so you never worry about being away from the market – the whole design of this strategy is assuming you are away from the markets for 23+ hours per day/night. And only there for a few minutes at a time.
Guestcolin said: what is the cost?
Dominic said: I currently Own SST-Simple. Is there a way I can purchase this system?
Mark (NetPicks) said: Yes, please check back should be tomorrow. Thanks.
Jo said: Wow – what an eye opener!!!! I’ve never heard of either renko bars or keltner bells and that’s a good thing as every other system is just the same old, same old. Look forward to absorbing more of this – thank you!
Fabricio said: Mark is it a safe method and what is the best time frame you can use it?
Mark (NetPicks) said: Thanks for the question – yes, every setup always has all parameters in advance – you’ll always know your entry and exit – including profit and stop. We have exact timeframes in the training for multiple currency pairs — each one is fully detailed so there’s no guessing.
Alex said: Hi , i am trading with renko’s since 5 months now with support resistance and trend lines , i purchased the One day Swing trade and had good results but i am more confident with renko !! Hope to get the $$ to purchase The keltner bells !! Very curious to see how it goes !!
AReitz said: What is the cost for the system?
Ron said: Can I use profits to pay all fee’s to use your system?. I am 75 years old ex financial planer of mutual funds in Canada.
Ron said: Looks very Intresting, Now lett see?
GuestDavid said: so far wow