Training Videos

Welcome to the ZIG Renko Charting Suite Training Center! If you have not installed the ZIG Renko Charting Suite, CLICK HERE to be taken to the main page with installation instructions and a demonstration video.

The Renko Charting Platform is an enhancement plugin for MetaTrader 4. It allows you to take your MetaTrader 4 platform further than you ever thought possible by allowing you to create PRICE based charts instead of TIME based charts, empowering you to see support and resistance and market reversals much easier than with a standard time based price chart would ever allow!

This area holds training videos created by the lead programmer of the ZIG Renko Charting Suite, Kevin Eaton. These videos walk you through everything from installation to use to get you up and running as soon as possible. If you have any additional questions not covered in the videos, please direct them to support@forexrenko.com. NOTE: As this is a completely FREE software suite, there may be quite a bit of support that comes in on a daily basis. So, please allow a couple of days for a response (depending on the question and volume at that time).

Video #1 — Installation

Video #2 — Renko FAST Indicator

Video #3 — Renko MASH Indicator

Video #4 — Renko Offline Script

.. Coming Very Soon ..

DON’T FORGET!! Leave A Comment Below To Let Me Know What You Think, And How You Are Using Your Copy Of The ZIG Renko Charting Suite To Improve Your Trading!!


  1. John Paul
    March 13th, 2014 at 18:53 | #1

    Kevin, this is a great piece of work !!! I thought I might mention that using your Renko Mash in conjunction with the Ichimoku Cloud produces a very good system. Essentially the cloud allows you to ignore some of the times that the Mash occasionally blips the other side of zero. Taking the signals when the Mash and the Ichimoku are in concert is a great combination…

  2. March 11th, 2014 at 00:25 | #2

    Useful information. Lucky mme I found your web site accidentally, and I am surprised why tbis accident didn’t came about in advance!
    I bookmarked it.

  3. Cyrus Zyler
    August 24th, 2013 at 21:24 | #3

    Kevin,

    Thank you for the hard work on the indicators and the excellent videos. It is very impressive and I look forward to putting them to some use next week.

  4. yoss
    August 24th, 2013 at 04:07 | #4

    Great work and God bless you !!

  5. Youri
    August 24th, 2013 at 00:10 | #5

    Hi,
    I think this will really come in handy for me. After fiddling around with the settings of the mash indi I think i’ve found something that suits me ;-) . As it is friday now I will shurely check and see munday how it builds in progress. One think I suggest (if you don’t mind) for me I would like to see the collors of the fast indi not around the whole candles but within the range of a renko bar. Anyway, great job done allready, keep it up
    thx

  6. Yosh
    August 23rd, 2013 at 00:09 | #6

    Greate indicators, did an EA ever get made for this indi?

  7. Erman
    August 10th, 2013 at 13:26 | #7

    This looks good! Thanks a million!
    Would like very much to have an auto trader to run this!

    • Kevin Eaton
      August 26th, 2013 at 04:35 | #8

      Hello Erman,

      I’ve gotten quite a few requests for that exact thing, but have a very good reason why I’ll probably never create a fully automated version. I honestly found something that is much more profitable and still does most all of the work for me though. It’s a true semi-automatic approach to trading that works exceedingly well with Renko (especially the extra indicators in the Zig Renko suite you get from this website). If you are interested in automation with this system, I highly recommend you check out a full article I just wrote on the topic, inspired by your suggestion :)

      http://www.forexrenko.com/?page_id=22

      In the article I go into great detail explaining why a fully automated system with Zig Renko exclusively is extremely difficult to create. Achieving true full automation using only Renok’s price action is possible, but it is MUCH easier and much more profitable to set up a reliable ‘semi-automatic’ approach. If done correctly, you can easily achieve all of the up sides of both manual and automatic trading with virtually none of the down sides. The article above explains it all, and offers a peek into what I’ve built for myself to trade Renko with as little work as possible.

      Make sure you let me know what you think – I’m quite excited about this one, and personally wouldn’t ever trade a Renko based system in any other way ever again.

      -Kevin

  8. Jerry
    August 5th, 2013 at 20:30 | #9

    Wow! Thank you,Kevin! Can’t wait to start using your indicators.

  9. Conrad
    July 3rd, 2013 at 15:57 | #10

    Just made the download
    make’s a nice screen
    I will start on practicing for certain
    probably help me to indentify the trend
    Many thanks

  10. June 30th, 2013 at 16:14 | #11

    I’ll right away seize your rss feed as I can not in finding your email subscription link or e-newsletter service. Do you’ve any?
    Kindly permit me recognise so that I may just subscribe.
    Thanks.

    • Kevin Eaton
      August 26th, 2013 at 05:34 | #12

      Just a few minutes ago, I wrote a paper on automation with the Zig Renko suite, and my solution to profitablly trade it around the clock. You may be interested in it, as it’s something that can be subscribed to (only 20 people though), and has the possibility to greatly improve your Renko results as it has mine. You can read it here:

      http://www.forexrenko.com/?page_id=22

  11. June 15th, 2013 at 23:38 | #13

    Kevin,

    Just downloaded you’re Renko Suite and I read through previous posts about potentially using this to trade binary options. I am a binary trader but use the fundamentals and technical analysis of the forex market and use it to trade the binary option market. My question is, how could I utilize your Renko Suite to help me get a higher win % trading binary options? Binary Options – predicting if the currency will go up or down within a certain time frame. So rather then riding a wave/trend for pips like a traditional forex trader, I just need to be right by .001 or .0001 to win. Again not to be redundant but was wondering how I can best utilize Renko Suite to have a very good chance to pick a direction and where to locate and entry signal by using your Renko Suite. Appreciate the efforts and would really really appreciate any help you could give to a binary option trader trying to make it like the rest of us!!

    • Kevin Eaton
      August 26th, 2013 at 05:42 | #14

      Hello Jay,

      I’m a very methodical trader, and have been absolutely obsessed with probability and percentage skewing using software for quite a few years now. One of the great things about being so well versed in Forex and the MT4 platform is I can code any basic idea that I wish, and run automated tests over long periods of time to test each idea. This allows me to determine if a particular system or idea has “teeth” over a long period of time. One of the things that I’ve been testing aggresively is reliable methods for predicting price direction (perfect for binary options).

      Over 7 years as a professional Forex programmer with hundreds of tests coded and executed, I can firmly say that all of my tests point at price action on it’s own is virtually a 50/50 shot in any timeframe. Attempting to predict when a candle will close at it’s open is quite literally, on average, right on par with flipping a coin.

      Don’t let this discourage you though – quite a few other things can be added to the price action that you look at with a Renko chart to help give you a probable edge. I wrote a full paper on how I personally trade the Zig Renko suite every day, and may shed some light on how it can help you:

      http://www.forexrenko.com/?page_id=22

      Good luck to you, and thanks for your kind words!

      -Kevin

  12. Paul
    May 23rd, 2013 at 01:03 | #15

    Kevin,

    I downloaded the Zig Renko Suite, everything works great; I love it. It makes spotting support and resistance and breakouts very easy. I will keep you posted on trading results. Please add me to your list of any other products that you offer.

    Thanks,
    Paul

    • Kevin Eaton
      August 26th, 2013 at 05:43 | #16

      Thanks for your kind words Paul!

      If you are into the Zig Renko suite, I just came out with a paper detailing some custom automation options for it. You can read up on it here:

      http://www.forexrenko.com/?page_id=22

      Thanks again!

      -Kevin

  13. Wayne Claxton
    May 18th, 2013 at 18:15 | #17

    I want to thank you for your Zig Renko charting suite. It has really helped me see the big picture in forex trading. I can now show a profit as before I lost most of the time.

    Thanks,
    Wayne

  14. Merlin
    May 17th, 2013 at 12:28 | #18

    I’m wondering where has everyone has gone. Mabe it’s that everyone that is interested has been satisfied. I don’t see the results of what people have accomplished with this system. Personally, I have found that if you want to make money you will end up using this kind of system to do it the oldfashion way. What are you doing now, Kevin, mabe another system.

    Because of the length of the trades, I would like to see a semi-automatic ‘EA’ that you could manually actuate the trade and a trailing stop would be put in when you make the trade. You could start the trade and walk away from the computer.

    • Kevin Eaton
      August 26th, 2013 at 05:45 | #19

      Merlin,

      I’ve had some other projects that I’ve been working on – one of them is a solid semi-automatic solution for the Zig Renko suite. It’s something I finally finished putting together, and has increased the accuracy and profitability of my Renko trading 10 fold. You can read about it in detail here:

      http://www.forexrenko.com/?page_id=22

      I’ll be around quite a bit more often in the near future :-)

      -Kevin

  15. John B.
    May 17th, 2013 at 02:27 | #20

    Thank U so much Kevin.. The Renko-FAST is a great trend delineating tool!!

    I hope to combine it with a comparable indicator to enhance trend following…

    The Best To U!!

  16. Robert
    February 4th, 2013 at 07:35 | #21

    Kevin,

    More info- Clicking “refresh” has no effect on updating. I have tried different currency pairs and two different broker’s MT4 platforms, with the same indications. The off-line charts will not update but stay on the date I installed the Renko.

  17. Robert
    February 1st, 2013 at 03:31 | #22

    Kevin,

    Thanks for the download. The system looks promising, and I am anxious to start using it. I have one problem with it. The Renko chart is not updating. It stays on yesterday’s date. The master chart is working normally, and autoscroll is checked. Help!! What did I do wrong? My finished chart looks the same as yours. Thanks, Robert.

  18. David
    January 24th, 2013 at 17:22 | #23

    I have just downloaded your software and it works fine, now I need to work with it and see how many PIPs I can get with it, thank you very much, David

  19. tony dali
    January 12th, 2013 at 15:27 | #24

    Thank you so much. I absolutely love it. Will post results soon

  20. Conrad
    December 28th, 2012 at 03:32 | #25

    Thank You for your gift.

    Looks to be a very useful indicator,

    Q: can the box be color individually ?

  21. carlos
    August 21st, 2012 at 12:24 | #26

    Hello i followed the video instructions to download the zip renko into the indicator file of the expert folder of my oanda MT4 platform

    • admin
      August 21st, 2012 at 15:08 | #27

      Carlos,

      Did you need any additional help?

      -Kevin

  22. August 4th, 2012 at 02:09 | #28

    Hi Kevin, At long last, and after many years of trying I have just recently come across and downloaded your zig renko suite.
    I am still working on a demo.
    Coming to terms with Mash and Script but early days yet.
    Thanks for a really professional piece of software.
    Can you please put me on your list as well.
    Thanks
    Ian

  23. Steven Souders
    August 2nd, 2012 at 02:10 | #29

    FANTASTIC INDICATORS! Any word on when you will release your EA, it is so time consuming to sit in front of the computer waiting and watching for a time to trade, when the computer can do it for us! If you have a rough draft put it up for us all to experiment with or to improve on… Let us help you, as you have helped us! Thanks for such a Great indicator!

  24. Tommy
    July 29th, 2012 at 10:24 | #30

    well done

  25. Steven Souders
    July 25th, 2012 at 09:36 | #31

    Hello, I have been trying to code your indicator into an EA without any luck. No matter what I do, the EA does not seem to be able to read the value of the Indicator and then the following code does not seem to work:

    for(int i=0;i<2;i++)
    val[i]=iCustom(Symbol(),0,"AZIGRenkoMASH",lbl1,RenkoBox,lbl3,MultiStart,MultiEnd,MultiStep,lbl2,UseATR,PeriodATR,Katr,lbl4,PNFMode,PNFReversal,0, i);
    { if(val[1]0) closesell = true;
    if(val[1]>=0 && val[0]<0) closebuy = true;}
    { if(val[1]0) {if(reversesignals)sell=true;else buy=true;}
    if(val[1]>=0 && val[0]<0) {if(reversesignals)buy=true;else sell=true;}}

    You mention that you have an EA you have been working on, maybe you could share a little insight on why the indicator does not seem to produce a value that can be read by an EA, or tell me where I am going wrong. Thanks a million, sure want to make this work.
    Good Skill,
    Steven Souders

  26. john turner
    July 20th, 2012 at 19:27 | #32

    Trading and being effected by noise is destructive and time consuming. Technology is provided to offset these effects, but in general they still pervade in the ordinary charts for FX. The nearest thing to Renko charts I know of, is Heiken Ashi. But HA is a time bound indicator [Newtonian in type, the standard clock ticks and grid lines.] With Renko we are now in Relativistic territory, where relative price is shown over stretched space-time. The fact that long trends are more clearly seen and entry with exit decision making clearly defined makes Renko a very professional tool. I cant wait to get my claws into one of these 1000pip trends [and doesn't AUSUSD have a lot of these long trends]. I have not compared Zig with other packages but they most need offline pairs which are limited in number and only EURUSD has 2min offline in my MT4 brokers package. I am going to give you 9/10 Kevin until the script video is ready.

  27. Ian
    July 16th, 2012 at 17:08 | #33

    What a great set of indicators and I am just about to use them in my trading, very many thanks.

  28. Geoff Carey
    July 14th, 2012 at 01:13 | #34

    Kevin…
    Thank you for the clarity of your presentations.
    Good to see that your thought patterns have taken you a quantum leap beyond other Renko providers.
    I really like the way the outcomes from the mulyiply box settings show on the same page, without having to view it on offline chart.
    And thank you for making this tool avaiable for free. I am grateful for your generousity.
    I now look forward to some profitable trading using your trend identification strategy.
    Kind Regards
    Geoff…

  29. Frank
    July 12th, 2012 at 22:49 | #35

    Just started using Renko bars and you seem to be right at the forefront of using this system, you seem to be the top programmer and these indicators are great, Thanks

  30. SatchFan
    June 23rd, 2012 at 14:45 | #36

    admin :
    Fausto,
    Something you’ll quickly find out about me — I’m an adept MT4 programmer. I spend a whole lot of my time creating new tools for myself, I see no harm in giving them out to you guys too! If you want on my list, I send out stuff like this ALL the time (a couple a week). Also, totally free.
    -Kevin

    Sounds Great! Put me on the list Kevin! Thank You! :)

  31. Jenny Jamerson
    May 28th, 2012 at 19:47 | #37

    I like your indicators that you created, help me a lot to spot potential E/E. Do you have an expert advisor based on this method?

    • admin
      May 31st, 2012 at 16:50 | #38

      I do in fact have an EA based on this indicator/strategy, but I haven’t really done enough to it in order to make it public just yet. I’m still wrestling with the idea of giving it out, as it still needs MANY more tweaks to emulate what I normally look for in my renko trading – but I can promise you the day that I decide to make it public or even get close to that notion, you’ll be the first to know :-) Thanks for the kind words!

      -Kevin

  32. kelvin Muthomi
    May 27th, 2012 at 18:10 | #39

    I have actually been looking into price charting software and this is far the best. Thank you guys for developing this and making it free of charge! I can’t wait for the fourth tutorial video. In the meantime let me put this software into test. Just a recommendation: If you could integrate a stop loss being the start of the next box in the opposite direction of entry that would be great. Otherwise, Kuddos guys!!!! I love you big and no homo!

    • admin
      May 31st, 2012 at 16:51 | #40

      Kelvin,

      Thanks for your kind words! And when it comes to the Renko charting suite..there is no “we”, I’m the only coder and creator of the system :-) I plan on coming out with many more things, free of charge of course, and will notify each of you as these come along. Good trading!

      -Kevin

  33. SUNIL
    May 25th, 2012 at 15:29 | #41

    Hello Kevin. Your Renko charts are good BUT they do not seem to work on Time Charts under 1 minute because I have tried it.Do you think you can alter it to work under 1 min chart for eg 30 second chart ?

    • admin
      May 31st, 2012 at 17:00 | #42

      As stated in the videos, the timeframes have absolutely no bearing on the chart itself. Renko charts take time completely out of the equation – and there is quite literally no need to “switch timeframes” while using the Renko chart. The most accurate you can get with the Renko chart is a 1 minute chart (the lowest that MT4 can go). With a 30 second chart, I assume that you mean you are using a tool or some other software to achieve this chart – which more than likely won’t work with the code that I’ve written to be ran on a standard MT4 chart. The best I can do for you is a 1 minute chart unfortunately – but I can promise you that this is more than sufficient to accurately draw a proper renko chart :-)

      -Kevin

  34. David P
    May 17th, 2012 at 07:20 | #43

    Hey Kevin…Light Bulb Moment,

    I’ve looked into Renko Charting before, but soon gave up on it.

    I’ve actually just recently was drawn to Binary Options Trading..
    concentrating on 60 seconds options..!

    Kevin.. have you ever thought of combining Renko Price Action with Binary Options?

    Right now, I’m internally excited with the possibilities running through my mind of combining the two…

    With 60 seconds binary trading you have up to 6 multipying directional trade orders starting from $5 all
    the way up to $250…to the goal of winning 1/6 in the same directional trades where your ROI is always positive!

    Then marrying it with your Renko Charts has my mind at full throttle….LightBulb Moment!!

    I would love your feedback Kevin.. Or Am I thinking of the impossible!!!

    Much Love and Many thanks!!!!! God Bless!!!

    • admin
      May 31st, 2012 at 17:06 | #44

      David,

      I’ve thought MANY times of binary options – though I’ve never heard for 60 second binary options before? Do you happen to have a website for this?
      Statistically, binary option companies will always win (in the long run) based strictly on odds, just like a casino. However, if people like you and I come along (armed with a renko-based tool designed to give you an edge in a 60 second binary world) then it could totally be possible. Shoot a comment back on here with the website of the company you were thinking of, and when I get some free time I’ll definitely look it over and see if what I’ve done here can be applied to binary options for some quick cash ;-) Thanks for the idea!

      -Kevin

  35. daveM
    May 9th, 2012 at 22:29 | #45

    Wow!

    Eyeopener……!

  36. May 6th, 2012 at 17:46 | #46

    Dear Kevin,
    Actually I was only searching for a software to convert candle charts to renko charts in google.A well known guru is charging $49 for this job.I landed on your site & hit the jackpot.Now I know how to this job plus I have 2 indicators to help me in my trading. Please complete your fourth video as soon as possible & please put my e-mail on your list.Great job Kevin & many many thanks.

    Farrokh

    • admin
      May 10th, 2012 at 19:58 | #47

      No problem, it’s what I do! Never pay for something when you can just get on my list, and get it for free ;)

  37. Hugo
    April 29th, 2012 at 05:07 | #48

    Masterful programming!
    Generous and unselfish Programmer!
    Whenever all of this is over I will shake hands with you in heaven.

    Now, Kevin, when plotting the MASH, is there a way to plot the traditional renko chart on top?

    Thank you kindly!

    Hugo

    • admin
      May 10th, 2012 at 19:58 | #49

      Hugo,

      You can simply apply both indicators to the same chart :-) Thank you for the kind words!

  38. Craig
    April 24th, 2012 at 19:59 | #50

    Hey Kev, I JUST downloaded
    VERY good idea to mix time frame with renko, I think is great move ;) kinda helps because there’s ALWAYS a new line on the TF you use ;) VERY nice, I like! unlike renko itself where you NEVER know when you get new brick
    Anyway, I’m trying something else here, with default settings on hourly I want to try use mash like a MACD, so when the bar shortens you close trade and open short until bar gets longer again then you close THAT trade and open long again (provided of course your bars are above 0, opposite if bars are below 0), I haven’t TIED this method yet but I”m pretty exited about it since the histogram doesn’t repaint…which is COOL!

    • admin
      April 24th, 2012 at 21:37 | #51

      Craig,

      It’s great to hear from you, and thank you so much for the kind words! I really hope that this makes a huge difference in your trading!

      -Kevin

  39. Fausto
    April 19th, 2012 at 21:37 | #52

    you’re a hero!!! I was looking for an indicator like that from looooooong time. And…it’s free. Thanks !!

    • admin
      April 24th, 2012 at 21:39 | #53

      Fausto,

      Something you’ll quickly find out about me — I’m an adept MT4 programmer. I spend a whole lot of my time creating new tools for myself, I see no harm in giving them out to you guys too! If you want on my list, I send out stuff like this ALL the time (a couple a week). Also, totally free.

      -Kevin

  40. April 9th, 2012 at 20:47 | #54

    cool stuff….was almost asking a programmer to do something similar for me but this is so much better!

    hope so much you keep us in the loop on anything you come up with!

    best from rio de janeiro
    dan

    • admin
      April 24th, 2012 at 21:43 | #55

      Dan,

      For sure, I come up with stuff like this and give it out all the time! If you want, I’ll put you on my list so you get all of my free tools (a couple a week!)

      -Kevin

  41. Mike Ryan
    March 27th, 2012 at 21:25 | #56

    Well done Kevin, its a very neat system with lots of good logic and plenty of room to make money. I do have one question.
    When you speak about “OFFLINE” do you mean for backtesting purposes or do you mean Demo Mode using the Demo Server.

    Thanks for all the help, you are indeed a geneorus man.

    Best Regards,

    Mike

    • admin
      April 25th, 2012 at 16:18 | #57

      Mike,

      This isn’t for backtesting purposes – the “Offline” chart is simply a way to view the actual Renko chart. In MT4, you can go to File->Open Offline and select the proper offline chart (will be your currency pair with the “_rko” extention added…like “EURUSD_rko”). This is simply a different way to view the chart.

      -Kevin

  42. John
    March 20th, 2012 at 10:59 | #58

    Hi Kevin.
    This is a bit unrelated but is there an easy way to write an ea for mt4? I am an idiot when I try to ‘code’ stuff.
    I have a manual trading method that I use daily and I want to try and automate it. Just a simple price cross of a ma with an additional bottom indicator cross of a line but also using pending buy/sell stops.

    Is there a coding mt4 for dummies book?

    regards.

    John.

  43. Vincent
    March 16th, 2012 at 07:12 | #59

    Hi Kevin, the strange thing is that I have received an email from support@forexrenko.com with the Activation Key even though I had the error message and the software didn’t install.

    Regards

  44. Tony
    March 14th, 2012 at 14:09 | #60

    Anyone here like to make $20 by installing Renko Charts and indicators (including Fast and Mash also) onto my 2 Meta 4 platforms?
    skype me on zingari1 if you would like to help.
    Thanks
    Tony

  45. Amos
    March 12th, 2012 at 18:36 | #61

    It is look very interesting
    can i get activation code ?
    thank you

    • admin
      April 25th, 2012 at 16:18 | #62

      Amos,

      When you install and put in your email address, you will get the activation code sent to you via email immediately. Please watch the installation video, it’s all demonstrated there :-)

      -Kevin

  46. David
    March 6th, 2012 at 09:07 | #63

    Hi Kevin,

    Please – how do I do back testing with Zig Renko chart in MT4 strategy tester?

  47. K.P.
    March 5th, 2012 at 15:30 | #64

    I set the readings immediately to ATR because of simplicity. The charts look good. I made a USDGBP buy. Now wait. (1) would like to see a video about the ATR feature (2) My MetATRrader is running sooo slow.

  48. David
    March 5th, 2012 at 08:42 | #65

    Hi Kevin,

    First of all, this IS great work! How can I use it to do back testing with MT4 MetaTrader Strategy tester???? !!!!!!! Thank you for such a great software!

  49. edward n livia
    February 29th, 2012 at 09:55 | #66

    wowzers sure going to give it a trial n see how it shapes up ,smile pupx2, had some fun finding it all after downloading was right up top of custom indicators ,and also in experts bt time finnished ,ok now and looking forwards to the new videos for other items .:)

  50. edward n livia
    February 28th, 2012 at 14:40 | #67

    Hullo Kevin ,its a jaw dropper to be sure ,bought your tester awhile ago and was happy with it , haven’t tried the zig renko as yet but have tried renko charts n think they are ok , have down loaded the zig renko and will work it all out as go along ,hope it works ok, my main computer is os at moment so ,prob awhile till get it all going properly ,thanks for the free down load, pupx2 n livia.

  51. musab
    February 25th, 2012 at 22:56 | #68

    Thank you very much Kevin, appreciate it very much :)

    Regards
    M

  52. Christopher
    February 24th, 2012 at 14:24 | #69

    Hi Kevin,
    Just installed your renko software on to my platform.
    I am quite excited by its possibilities, I need though to play around with the
    settings. And thats taking awhile of course. This is just to thank you for a really great
    product.
    Thank you.
    Chris

  53. February 16th, 2012 at 22:20 | #70

    @admin
    Well Kevin. Been testing for a little while, and over the hour your settings are about right. Under the hour, scalping/etc. I cannot get a decent
    setting. Nothing is working to any satisfaction.
    Sorry m8 but under the hour charting is not giving what I want.
    Longer is great though.

    John.

    • admin
      February 20th, 2012 at 18:25 | #71

      John,

      That’s about what I expected :) You’re not looking at the “big picture” quite yet. The Zig Renko Charting Suite is designed to REMOVE TIME from the equation. Timeframes should never matter at this point. When you create a renko chart, you are ONLY concerned with price/brick sizes in pips. Putting a 50 pip box size renko fast indicator on the 5 minute chart should give you the same results (or very close, depending on how much data you have) as a 50 pip box size renko fast indicator on the 1 hour chart.

      Where you do have it right, however, is renko is designed to be a broad and longer term system. I would never “scalp” with the Zig suite…my main trading strategy is the one that uses Renko Mash (see the video tutorials). I use longer term plays with smaller lot sizes to ensure I don’t blow up my account, and ride prevailing trends for buttloads of pips. The best thing to do is to move your stop 1 brick behind price, and keep doing that (trailing stop) until your stop is hit. More often than not, you can catch very large moves and come out ahead.

      I hope this helps, and if you have any other questions, please feel free to come and ask any time :-)

      -Kevin

  54. White
    February 14th, 2012 at 23:36 | #72

    Hi Kevin

    Thanks for the software, it looks great. I have the Fast and Mash indicators working but can’t get the Renko-Offline charts to work. I think I have narrowed the reason down to the fact that my broker adds a 2 letter suffix to the currency pair name of the charts (e.g. EURUSDxx or GBPUSDyy and not the standard EURUSD or GBPUSD). I don’t think your script likes this. I know other types of indicators are available that handle this using an input box in the indicator inputs specifically collecting the suffix. Are you able to update the code to handle this suffix? I hope you can as I’m sure it will make a big difference to my trading.

    Many thanks
    White

    • admin
      February 15th, 2012 at 15:52 | #73

      White,

      That’s a good point, and one I haven’t thought of. I’ll definitely look into changing the software to accommodate the post fixes and will release it as soon as possible :-)

      -Kevin

  55. Spencer
    February 9th, 2012 at 19:11 | #74

    Hi Kevin , thanks for the download, really is what I’ve been looking for, I can get everyhing up and running as per the vids-except the standard Renko bricks-is that dealt with in the offline, regards Spence

    • admin
      February 13th, 2012 at 23:39 | #75

      Spencer,

      Thank you for taking the time to write your comments :) I’m real glad that this is helping you out so far! I know I haven’t had the time in order to actually create the video for the basic renko offline bars, but here is the text version of an example. This example uses the “GBPUSD” pair as an example. Follow these steps to get it set up:

      1) Close all GBPUSD charts
      2) Open a GBPUSD 1 minute chart (or 5 minute).
      –The small timeframe is for accuracy. You are about to create a brick chart based on the candles on the chart. So, opening a daily chart will give you much more time, however by placing a small box size on the daily timeframe (such as a 10 pip box size) will create a very misleading and inaccurate chart. You CAN use bigger timeframes, but you need MUCH bigger box sizes. The rule I use is to never use a box size that is less than 1/2 the average range of the candle. So, if you are on a daily chart and the average high/low range is 200 pips, then I would not reccomend a box size any smaller than 100 pips. So, by going to a 1 minute chart, you can have super accurate charts no matter what box size, but you need as much data as you can.
      3) To get as much data as possible, zoom out on your chart as far as you can. Make sure the “Auto Scroll” button on your MT4 toolbar is not checked (the one with the small green arrow pointing to the right) so the chart isn’t jumping back to the front on every tick. Hold down the “Page Up” or “Home” key on your keyboard. This will scroll back to the beginning of the chart, and force MT4 to download more data. When the chart stops moving (no more data can be downloaded) then let go of the key. You will only need to do this ONCE (to make sure you have all historical data possible)
      4) Go to the “Scripts” section in your Navigator window. Locate “[ZIG] Renko-Offline”. This is the script that will generate your renko bars. Click and drag this script onto your chart.
      5) In the options window that comes up, click on the “Inputs” tab. The only thing you really need to change is the “BoxSize” parameter. Change this to whatever you wish. This represents how many pips are in each renko brick. 50 (default) means each brick represents 50 pips.
      6) Click “OK”
      7) You should see, on the top left side of the chart, the “Zig Renko Charting Suite” text. This tells you to open the offline chart “GBPUSD_rko” period M1 (or whatever pair/timeframe you’ve selected). DO NOT CLOSE THIS CHART! This chart will always have the script running, which is responsible for updating your offline chart. If you close this, your renko chart will not update.
      8) In MT4, go to File -> Open Offline and scroll to “GBPUSD_rko” the M1 timeframe
      9) Double-click this to open your offline chart

      I hope this helps!

      -Kevin

  56. Vincent
    February 9th, 2012 at 05:52 | #76

    Download link gives error, love to try this indicator. Thanks for your hard work on this, looks great!

    • admin
      February 13th, 2012 at 22:50 | #77

      Vincent,

      Just checked the download link, all seems fine. Please try again, maybe even with a different browser? I hope you get it running, because it really will make a difference in your trading!

      -Kevin

  57. John
    February 3rd, 2012 at 16:31 | #78

    Thanks so much– As the local saying goes ” it’s the best thing since sliced bread” Been using on a demo with so much ease and consistant gains I am now going live next week. If the EA becomes a reality that would be the “icing on the cake” ( another local saying). Thanks again Regards John

    • admin
      February 6th, 2012 at 16:19 | #79

      John,

      I’m so glad you like it!! Like I always say, the simplest explanation (especially in forex) is usually the correct one! You don’t really need 200 indicators cluttering your chart to be successful. Even the simplest things, like a solid Renko package, is enough to help you to be super successful. I wish you all the best, and come back to let us all know how well you’re doing when you go live!

      -Kevin

  58. German P
    February 2nd, 2012 at 00:49 | #80

    Hi Kevin.
    I just have a quick question. Do the indicators repaint themselves?

    • admin
      February 6th, 2012 at 16:23 | #81

      German,

      No, the indicators do no “repaint”. This is built strictly on price action, so the indicators should all be just fine (in history). Of course, the current bar’s value will change as the bar is being built, but all in all, everything should be ok (no conflicting signals due to repainting).

      -Kevin

  59. Peter Moore
    January 28th, 2012 at 17:04 | #82

    Hi Kevin
    Your work and development looks fantastic. Unable to get Renko OfflineScript to work yet perhaps due to no live data (it’s Saturday). Can’t wait to try out your ideas. I’ve been trading Forex about 4 years mostly looking and evaluating “bots” and “indicator systems”. You system simply is astounding. Please keep up the good work. Am looking forward to seeing Video #4, Renko Offline Script. Thanks again, Pete

    • admin
      January 30th, 2012 at 19:58 | #83

      Thank you for the kind words!
      I haven’t had much time to get around to it recently with all of the work that I’ve been doing on my own tools and accounts…but I can promise when I get some extra time that it’ll go up!
      -Kevin

  60. John Donovan
    January 22nd, 2012 at 15:08 | #84

    Kevin.
    A very simple suite of tools that took a lot of hard work to come up with the final result. Well done and thank you for putting this ‘out there’.
    I use renko in my daily trading, and constantly search the net to keep up with the ‘latest’ tools to use.
    I actually found your page through one such search and not from a sales pitch e mail etc (hurray!).
    Tell me. Are you still working with Jason. Or is this a solo project?
    I just know there has to be a ‘bot’ in the pipeline. That should be good, once the settings are ironed out.
    I have been trading a long, long time. Over 20 years I think. I run 2 books a short one and a long term one, but am predominately drawn to short time frames of an hour. Anything less and it gets choppy, turning you into a whipping post. Hence the work with renko. I like scalping.
    Am more than happy to sent over settings to you once I have had a chance to run them for what I consider to be a suitable length of time in real forward testing. (In my humble opinion. Back testing is useless for live trading to ‘guess’ a profit. True results come when you have real money on the line with real emotions in play. That said. I will test on the smallest amount of money poss until results are beneficial. So I’ll become an unofficial ‘beta’ tester for you. Anything else you want tested just let me know. This could become a world class system with input from everyone. For both long term and short term traders. You have already done a fantastic job with this so far Kevin and is in itself a very worthy trading system. Lets just see if it can be fine tuned.
    Only found this friday night, and have a few settings already but not happy doing any adjusting over the ‘no feed’ weekend.

    Kind regards.
    John.

    • admin
      January 23rd, 2012 at 21:21 | #85

      John,

      It’s really nice to have a 20 year vet take a look at my software! It’s humbling to get such a response – and I really appreciate your kind words. I’d be more than happy to take a look at your settings, and yes, a bot wouldn’t be too far off. Of course, I’d offer it as a gift to all of the forex renko users. It’s not always about selling things. I want to make sure everybody gets a fighting chance in the Forex markets. Renko is just the beginning :-)

      -Kevin

  61. Gary
    January 22nd, 2012 at 04:32 | #86

    Wow!!! Kevin, what can I say… This is awesome!

    I’ve been trading using Renko’s with a MT4 plug in for some time but I have to give you a BIG thank you!!! This is what I have been looking for. I have not even installed your exe yet because it is over the weekend & if I am not mistaken Renko’s need live charts in order to work. Anyway I know this is the ticket man & I can not thank you enough for the free indicators & Renko system. I can’t wait to install everything when the market re-opens again.

    You are the man Kev! Keep up the GREAT work!

    Very grateful
    Gary

    • admin
      January 23rd, 2012 at 21:22 | #87

      Gary,

      Thank you so much for your kind words! I love feedback of all kinds, but this kind is what I really like to hear! Let me know if you have any issues or need any help. I really hope it makes a monumental difference in your trading! I have lots more to come – I’ll keep you updated.

      -Kevin

  62. RICK HANSON
    January 18th, 2012 at 16:15 | #88

    i was just introduced to renko less than a week ago. or might i say i just came upon it. i’m starting to now get it . your fast and mash after looking at the video a second time are staring to make sense. i’ve struggled seeing the picture,the rules and al the different ways to trade the forex. i now see a little light.. thanks!!!
    i would ask is there also a way to create individual boxes as i’ve seen in other demonstrations?

    thanks so much Rick

  63. Mark
    January 16th, 2012 at 03:28 | #89

    I have been back testing using the Renko charting but would like to ask how you personally trade using this charting package?

    • admin
      January 18th, 2012 at 16:21 | #90

      Hello again Mark :) I trade basically how you see in the videos. But what I focus on is the much longer term trades. I look at Renko Mash for a very long term and broad view of the markets, and trade both the pullbacks and the crossovers. This means when Renko Mash crosses the 0 line, I will place a buy/sell depending on the direction. Also, when Renko Mash reaches it’s max (-10 or +10 for example), I will let it “hang out” in this area for a while, and then will trade the other way. For example, if +10 is reached, and it has been there for quite a few bars, I will sell to look for it to come back and return to the 0 line. This is kind of a “snapback” style of trading, and has worked out pretty well for me so far. Give both of those a try, and simply play with the different settings and types of trading that the Zig Renko Charting Suite offers! Come back here as often as you want and post comments asking questions, or simply letting me know how your trading is going. I’d love to hear from you!

  64. Mark
    January 15th, 2012 at 04:04 | #91

    This could be very helpful. I am looking forward to learning more and testing it.
    Thank you.

    • admin
      January 18th, 2012 at 16:18 | #92

      You’re very welcome! If you need anything else, feel free to shoot me an email. I’m looking forward to helping you be successful, and I really hope the Zig Renko Charting Suite is a step in the right direction for you! Make sure you focus on Renko Mash – that is probably one of the best indicators in the package.

  65. Hannes
    January 12th, 2012 at 10:40 | #93

    My Mash chart does not vary between +10 and -10, but between -2.7 and -9.3 which does not help me any. I can send you a screen capture if you wish. My email is hbez@mweb.co.za. Thank you

    • admin
      January 18th, 2012 at 16:17 | #94

      What may be happening is that the indicator itself (and what it varies between) is based completely off of the data that is displaying. I can promise you that the data itself DOES go from -10 to +10, but it may just be the fact that what you are looking at currently only goes from -3 to +10. Scroll back further on your chart, and you will see what I mean :-) If you have any problems, feel free to email me at support@forexrenko.com

  66. alex
    January 11th, 2012 at 17:35 | #95

    Kevin,

    Thanks for this indicator, Im now trying to apply this on my demo account in 1 hour time frame . I noticed that Renko mash is similar to macd. Keep up the good works and God Bless You always for being kind and helpful.

    • admin
      January 18th, 2012 at 16:15 | #96

      I really like to hear this from people :) It makes my day! I’ve been a successful programmer and trader for quite some time, and this is the best way I know how to give back to the forex community. Never give up guys, you can all be profitable! Just by installing the software, I’ll continue sending you free indicators and such from my toolbox, so you can continue to grow your knowledge and styles of trading. As always, everything I give is 100% free of charge – my gift to all of you who make forex what it is today! I hope you guys stick with me – I will do my best to give you everything you need to succeed!

      -Kevin

  67. john
    December 30th, 2011 at 19:53 | #97

    Hi Kevin, looks interesting, look forward to trying. regards john

  68. Gary
    December 18th, 2011 at 09:03 | #98

    Hi Kevin,
    System looks very exciting & reliable, will let you know how I get on once traded for a couple of months !
    Regards
    Gary

  69. Chris
    December 18th, 2011 at 02:58 | #99

    @Chris
    Its OK I worked it out
    Cheeers

  70. Chris
    December 18th, 2011 at 02:55 | #100

    It looks a very interesting concept and appreciate the time and trouble you have gone to to make it easy for even a newbie like me to just about understand.
    However, I ran the Renko offline script and the chart is saying do not close. How do I get back to where I was please.
    Perhaps if you or a knowledgable person out there can let me know I would appreciate.
    Merry christmas from this Brit in MI.

  71. Ken
    December 17th, 2011 at 07:16 | #101

    Hi Keven,
    This is the best Renko charting package I have ever seen, and I am looking forward to incorporating it into my trading.

    The suggestion about reversal alerts is a good one.
    Is anyone trading XAGUSD (volatile) using this system, and if so, what settings are you using? What pairs do you find are the “trendiest”?

    In the meantime…many thanks and keep up the great work!
    Ken

    • admin
      December 17th, 2011 at 15:42 | #102

      Ken,

      You’re very welcome! I’ve been coding for MANY years now, and have been a trader for just as long. I wanted a way to give back to the forex traders in the industry, and I figured this is the best way to do it — use my talent to create useful programs and give them away!

      As far as settings and such for different pairs goes, it would be hard for me to help you out there because everybody’s trading style always differs. Some like it quick, some like it slower and long term. Best thing that I suggest is to put it on the chart you’d like to trade, and do some “hand” backtesting to see how it would perform in history. Then, trade it on a demo account and see how that rolls.

      Better still, I’ve made a program at http://www.simpleforextester.com that allows you to backtest your manual systems using MT4′s Strategy Tester by “hacking” into it — it’s a pretty nifty program and has saved me countless hours.

      -Kevin

  72. David
    December 16th, 2011 at 06:41 | #103

    Hi Kevin,
    This Zig-Renko Fast and Mash looks great, I have downloaded it, started adjusting the parameters to see what works best for each individual pair seems slightly different settings depending on the pair, mainly playing around with the Multi box size between 100 to 300 and seems to give a better Mash signal in Multi box signals in lots of 10. Once the boxes start forming seems like you could use an approach similar to Dravas Boxs. Anyway time will tell. Thankyou very much for sharing these indicators with the public, I think we can utilise them and make a good strategy out of this and hopefully some money. Its great that I came across your email somehow?
    regards David

  73. ARUN
    December 15th, 2011 at 15:53 | #104

    GREAT SOFT WARE. USING IT AND GIVING RESULTS.

  74. WIM LINDEBOOM
    December 15th, 2011 at 06:35 | #105

    Being able to to evaluate different pipsize Renko bars is such a brilliant feature. I have been using Renko Bars for a while now using an EA for the 1 minute chart and simultaneously with an offline chart. You have to change the EA every time you want to look at a different size bar, which is such a pain. The Renko Mash is also a great feature to have to determine the direction of the dominant trend. And to get all that at no cost is indeed a welcome X-mas present. Thank you so much from the bottom of my heart. I can’t wait to watch your next video on the Offline chart script.

  75. Wendell W
    December 14th, 2011 at 10:23 | #106

    Thanks Kevin looking forward to trying this out. Makes looking at charts and determining a lot of different factors such as trends and support and resistance levels a lot faster and easier.

    • admin
      December 14th, 2011 at 14:21 | #107

      You’re welcome Wendell, thanks for the kind words!

      -Kevin

  76. Richard Janowiak
    December 14th, 2011 at 02:37 | #108

    I am using a program called Kentner Bells and it uses Renko bars. The strategy in not working out but I like the use of the Renko bars. Now I can try your software to see if I can filter out the losing trades. Thanks.

    • admin
      December 14th, 2011 at 14:20 | #109

      Richard,

      Let me know how it works out!

      -Kevin

  77. Sef
    December 14th, 2011 at 01:05 | #110

    Thanks for indi’s. Was wondering if it is possible to develop an alert system for every time a renko bar turns from bearish to bullish and visa versa. This would be very very in my case helpful so I don’t have to be glued to the screen.

    • admin
      December 14th, 2011 at 14:20 | #111

      Sef,

      Good idea, will definitely look into it!

      -Kevin

  78. Frank
    December 14th, 2011 at 00:33 | #112

    very exciting!

  79. Chris P
    December 13th, 2011 at 23:56 | #113

    Hi Kevin,

    I would like to give you a big thank you for your generosity. I have just started using Renko Bar charts and have found them very helpfull. Your Zig charts appear to be very usefull and I am looking forward to putting them into practice.

    Just one question. From your videos they seem to be best for swing and long term trading. Would they be as beneficial in day trading and if so what settings do you recommend. Would smaller box sizes be better for this.

    Your comments would be greatly appreciated.

    Kind regards

    • admin
      December 14th, 2011 at 14:19 | #114

      Sure, you can take the box sizes down and trade intra-day with it :) On the mash indicator, just try using a smaller set. Like box sizes 5 through 15 incrementing by 1. Give that a shot :)

      -Kevin

  80. yfjghf
    December 13th, 2011 at 23:50 | #115

    awe yea, a tuber vids

  81. Peter
    December 13th, 2011 at 22:42 | #116

    Wow, what a way to trade, no time. Looking forward to getting my head around this and developing a stratergy with it. Thanking you.

  82. Robert John Montague
    December 13th, 2011 at 22:38 | #117

    Hi again kevin,

    I’ve located the video instructions for setting up the Renko charts, so please ignore my first request for instructions. I will certainly give your software a good testing on a demo account.

    Many thanks

    John Montague in the United Kingdom.

  83. Clarence
    December 13th, 2011 at 22:36 | #118

    Kevin

    Once again you have created a very very good system

    I own most of your work but I think you have provided a very good gift

    Cant wait to try

    Thank you

    • admin
      December 14th, 2011 at 14:18 | #119

      Clarence,

      It’s good to see people enjoy my work! More to come :) Merry Christmas!

      -Kevin

  84. John
    December 13th, 2011 at 21:31 | #120

    Kevin,

    Thanks for the great work. Downloaded yesterday and took 3 trades today on the hourly, all winners! One thing I will say regarding timeframes: I use TDI crosses as confirmation to enter a trade. The TDI works better on the longer timeframes. It gives too many crosses on the shorter ones so many of them are fakeouts. I will be using H1, H4 and dailies. Looks good so far!

    John

  85. David
    December 13th, 2011 at 19:30 | #121

    Kevin
    Thank you for the download. That is very generous especially at Christmas Time. This is the first time I have left a comment about a software BEFORE i have looked at it.
    I have been using renko for a couple of years, mainly as another indicator. Your package looks like it puts a new spin on renko to make trading a lot more positive. I will get it set up and running today.
    Wishing you a great Christmas and many more pips in 2012
    David

    • admin
      December 14th, 2011 at 14:24 | #122

      Merry Christmas!

      -Kevin

  86. Pete
    December 13th, 2011 at 19:22 | #123

    Hi Kevin
    I’ve been experimenting about a month with Renko charts using various indicators and wondering which would show long term market directions. Then today downloaded your wonderful system. Will send more after trying it for a while.
    I still remember decorating our 2 month old daughter’s first Christmas tree — 49 years ago :)
    Keep up the great work and have a wonderful Christmas.

    • admin
      December 14th, 2011 at 14:24 | #124

      Best feeling in the world being a Father! Thanks for your kind words, good luck with Renko, and Merry Christmas!

      -Kevin

  87. mark
    December 13th, 2011 at 17:53 | #125

    can i do strategy tester with one of my ea’s using renko as it asks for timeframe?

  88. ErnieS
    December 13th, 2011 at 17:50 | #126

    How well does this work in the lower time frames like 5 or 15 minutes?

    • admin
      December 13th, 2011 at 18:17 | #127

      This is a package that removes timeframes completely out of the equation. So, the smaller timeframes (depending on your box size) won’t make any difference. It’s important to note, however, that the smaller you go in your timeframes, the more accurate the data. So, use smaller timeframes (1 minute through 15 minutes) for accuracy. Other than that, simply play with it and let me know what you think!

  89. Craig
    December 12th, 2011 at 19:05 | #128

    Kevin,

    Great job and thanks so much for sharing your wisdom. I have traded many ways for years and I love what you have done. Can you suggest, based on your experience, what settings works best for the 1 hour chart?

    Thanks again!

    • admin
      December 13th, 2011 at 15:19 | #129

      Craig,

      That’s the best thing about this — time is taken out of the equation :) There are no “best settings for the X minute chart” as each of these settings are the same across all of the charts. My best advice is to experiement with your trading style. Take the tools and simple rules I give you, and try them out for yourself :)

      -Kevin

  90. Deo
    December 12th, 2011 at 10:44 | #130

    thanks alot i just want to appriciate your kind gesture in ensuring such a powerful tool is given for free to the public. you are great.anyway i just downloaded it. i will get back to you if any problem. thanks again you

    • admin
      December 12th, 2011 at 14:45 | #131

      You’re very welcome, it’s what I do!! I appreciate each and every one of you, and am a trader just like you — and since I’m a vet programmer specifically for forex, this is really the best way for me to help out my people. Enjoy it, and let me know if I can help.

  91. Dustin
    December 10th, 2011 at 03:07 | #132

    Kevin,

    Thanks for the indis. I’m looking foward to playing around with them. I was wondering when the script will be up and I can use the offline feature.

  92. Arun
    November 22nd, 2011 at 14:25 | #133

    Steve,
    Thank you for a great indicator. Great Stuff.

  93. peter
    November 5th, 2011 at 16:05 | #134

    just download…. can’t wait to use your zig renko. many many many thanks

  94. Ryan Cheetham
    November 3rd, 2011 at 11:55 | #135

    Kevin,

    This is quite an amazing tool. I have been trading for a few years and already have a great strategy and when I implemented the renko mash indicator it really took out a lot of my losers. Thanks so much.
    I have a question. I have two different feeds from two different brokers and both of them close their 4hr candles at different times so they form a little differently. Would that make THAT big of a difference on mash indicator. The two have very different timing on the bearish vs bullish sides and one seems to get better results than the other. I have checked all the fields and they are the same. They are actually sometimes months apart on opposing sides.
    The only difference i see is in the upper left corner of the indicator when on your chart where it labels it…Renko (14,1.0000000000) -1.00000 the other one shows a positive number instead of a negative number.
    Sorry if this doesn’t make sense but any help would be appreciated. Thanks again for all you do.

  95. Allan
    October 31st, 2011 at 21:01 | #136

    Hi- Great program. The potential is huge. Basic (dumb) question: Did I miss the basic Renko charting capability somewhere? Can just a Renko chart be drawn from your program. If not, can you suggest a MT4 plugin? Thanks, Kevin.

  96. Edward Powel
    October 28th, 2011 at 17:53 | #137

    I am interested in how to structure the brick indicators within the chart itself i.e. the brick indicators surrounding the candlestick movement.

    Thank you.
    Sincerely,
    Edward Powell

  97. Ram
    October 17th, 2011 at 15:26 | #138

    Hi Kevin,

    I have a question on renko. I sold eur usd at 85, closed the deal at 70. I had a 20 pip renko. When the price went back to 85 area, one renko bar disappeared. Is this common? If you can explain, please. This is not YOUR renko, but renko that came with the trading station.

    I tried YOUR renko on my MT4 platform. My original candlestick chart remain the same. I am getting the boxes but no renko on the chart. I use MT4 as demo and I trade with trading station. I tried the one that came with the trading station. Can you please help me, here.

    I also tried your renko mash, and that seems fine. However, my question on that is that there seems to be a lot of price action on the opposite side even if the box is green, and i was just wondering if we should exit the trade if the price touches the extremes in the boxes or only exit when the opposite colour box is formed
    .
    Please, it will be great if you can address all the three issues above.

    thanks
    Ram

  98. Glenn
    October 13th, 2011 at 02:42 | #139

    Thanks for this, Kevin. I am stunned at how good this is. I am using Mash with MTF Heiken Ashi Smoothed. Entries and exits are perfect.
    Best wishes. Hope you make millions. Glenn

  99. Kevin Williams
    October 10th, 2011 at 15:30 | #140

    Hello Kevin. I’m just wondering why the Zig-RenkoFast does this when I first use it, I have to bring up the indicators box, click on Zig-RenkoFast then edit, then close, that fixes the problem until I change the time chart, or bring up a different chart in which case I have to perform the whole procedure again. [IMG]http://i208.photobucket.com/albums/bb253/taps_photos/bug.jpg[/IMG].

    Other than that I’ve had my first trade with the software, gaining 161 pips shorting GBPNZD using the default settings. Looking for another trade now. I’ve turned the draw colours of in RenkoFast and increased the multi-end to 300 in the RenkoMash. Kevin

  100. Doug
    October 8th, 2011 at 03:25 | #141

    Thanks for the help – I’ll give a try and get back to you then – Looks very interesting

  101. Kevin Williams
    October 3rd, 2011 at 14:34 | #142

    Hello Kevin. I’m only a new trader, sim traded for over a year before I could begin live, I did well trading sim using ninja and range charting but because there was no broker using ninja in Australia had to make the shift to mt4, oh no not so good lol. However finally took the plunge and funded an account two months ago, started with $1050 meaning I could trade $1 a pip, made a few $ but then gave a couple of hundred back taking me into the .001 per pip trade, managed to get it back up to $1000 but went back again, I’m now sitting around $960 mark, trying to scalp using 1 minute charts but to nervous to leave a winning trade alone so am not advancing in my trading.
    One of the members of a site I belong to uses renko and swears by it so I decided to look at it myself and in my searching coming across this site over the weekend. The first video immediately peaked my interest so it went onto my copy of mt4. The other two videos showed me how to use the software, really simple to understand. Looking at your videos I see you’re using an hourly chart and I can also understand what you are doing with your charts, I’ll be watching the videos again and will be trying for myself renko and especially your renko trading suite, I’ll keep you posted as to how I go, thanks for the opportunity.

  102. Steve Alexander
    September 5th, 2011 at 07:42 | #143

    Good work, Kevin! Have you attempted to do this in TradeStation Easy Language?

    • admin
      September 23rd, 2011 at 14:58 | #144

      Steve,

      I have had some people ask about that — the reason I did it in MetaTrader 4 is because it is widely used by many brokers, and to be honest most people who are new use MetaTrader 4 over TradeStation (not to discount MetaTrader 4! I think it’s an amazing platform and I develop for it almost exclusively). So, my goal being to help the new person, it’s only logical that I code it in MT4 :-)

      I’ll definitely take your suggestion into consideration though! Thanks for giving my Renko package a shot!

      -Kevin

  103. William
    August 26th, 2011 at 15:24 | #145

    Can a management ea be made that will run on the renko offline charts?

    • admin
      September 23rd, 2011 at 15:05 | #146

      William,

      You have to be careful with EAs on offline charts. Considering I change the name of the pair, I don’t think that an EA will work. However, if you know a good coder, you can have him/her code up a script that doees the exact same thing and puts it in a loop. That way, since there are no incoming ticks, your code will be executed anyways. I’ve done this a couple of times, and it works out great :-)

      -Kevin

  104. Elwin
    August 26th, 2011 at 11:58 | #147

    How do I get to see the renko blocks on my chart?

    • admin
      September 23rd, 2011 at 15:04 | #148

      Watch the videos under “Training Videos” for more information on how to apply everything correctly. I think what you may be looking for is Renko-Offline. Remember, all you have to do is simply open a 1 minute chart for the pair you are looking at, and attach the Renko script to it. Then, go to File -> Open Offline and open the renko chart for the pair you are looking at (for example, if you are using the “EURUSD” then the offline chart will be “EURUSD_rko”. Have fun with it, and come back and ask a question if you need any help!

      -Kevin

  105. Ross
    August 20th, 2011 at 23:52 | #149

    Very good work, thank you Kevin. I’m sure these indicators will be very useful when coupled with my H4 strategy.
    The main reason I have confidence is that it is FREE thus you are not pushing the profit wheelbarrow.
    Well done!

    • admin
      September 23rd, 2011 at 15:11 | #150

      Ross,

      The forex industry has been very good to me. I have been a professional MT4 coder for YEARS now, and I have worked with many forex companies around the world. I have literally created over 11 million dollars in software. I know that it’s time for me to put out some of the stuff that I’ve been keeping to myself in order to help the industry for the better, and keep the traders who are both beginners and advanced interested in the “game” by giving them some of my more profitable tools. All I ask is that you pay it forward! Have fun with Renko, and look for more to come (I’m making a “tick chart” software suite for MT4 as well! more information on that soon).

      -Kevin

  106. Adam Moon
    August 15th, 2011 at 04:19 | #151

    Hey, will this work with the simple forex tester? Thx.

  107. Shawn
    July 17th, 2011 at 03:53 | #152

    Hi. I am an avid Renko trader myself and I have also done so my the “usual” method of opening a 1-min chart and applying the RLC 3.2 EA to make my Renko charts or “offline” charts appear. I just have two questions for you if you don’t mind Kevin.

    1) Does any of your indicators “repaint?”

    2) Will it be possible to have offline Renko Charts in MT5? What I am asking if there is planned ‘Offline chart’ functionality as it is in MT4. This concerns me as a trader since I like to use Renko in Mt4 and would hate to lose it when MT5 comes along.

    • admin
      July 28th, 2011 at 15:44 | #153

      Hello Shawn :-)
      1) My indicators never repaint. Everything I make, I test rigerously using strategy tester as well as live forward testing. These should work without any danger of repainting :-)
      2) Let me put some of your concerns to rest — MT4 is the “main stay” in the industry as is right now. MT5 is out, yes, but it will take quite some time for the industry to move in that direction. But, when it does, rest assured that I will make a Renko Mash and ZIG Renko charting platform for MT5 as quick as possible. The good thing is, you won’t have to use “Offline” charts anymore, as an indicator drawing method in MT5 is candlesticks :-) So..everything should run smoother and quicker. Don’t worry, I’ll always take care of you guys.

      -Kevin

  108. Tim D
    July 3rd, 2011 at 18:01 | #154

    @Kevin M.
    I found the problem. The [ZIG] Renco-Offline script when placed on the M1 chart creates a new pair named aaa/bbb_rk,M1 (aaa/bbb are placeholders for actual currency abbreviations). But, when you look on the upper left, you are instructed to open an offline chart for your pair with the extention “rko”. So, if you simply change the default input from “rko” to “rk”, the offline chart works with the renko bars set according to your specs.

  109. jimmy
    June 27th, 2011 at 17:41 | #155

    So far looks good. I need to instal the renko to back test.
    regards

  110. June 23rd, 2011 at 17:03 | #156

    Great stuff, you hepeld me out so much!

  111. Kevin M.
    June 10th, 2011 at 15:14 | #157

    This software looks great, I just installed it and watched the three training videos !

    Looking forward to (offline renko chart) video,When I tried opening a chart on the EU, it says “open the offline chart EURUSD_rko period M1 and I was not able to get it working as you have in the video demo.

    thanks in advance!!

    Kevin M.

  112. admin
    June 3rd, 2011 at 15:35 | #158

    Renko MASH video is up! Sorry about the confusion. Look for the Renko Offline video to be posted soon!

    -Kevin Eaton
    Lead Programmer
    ZIG Renko Charting Software Suite

  113. Alain Boulet
    May 31st, 2011 at 01:40 | #159

    Bonjour,
    2 things:
    Your video 3 – Mash is almost identical to your video 2. It does not talk a lot about mash ?
    When I clicked on Mash, to load it on the chart, my chart froze and the mash histogram did not show. How to avoid this ?

    I will test your software as soon as I can get the mash worked. I trust that it be the best system I will have. I will let you know

    Regards,

    Alain

    • admin
      May 31st, 2011 at 03:49 | #160

      Alain,

      Good to have you on! I’ll do what I can to elaborate more on the indicators as we get further into development :) remember, this will always be free. I’ll keep you updated.

      -Kevin

    • admin
      June 2nd, 2011 at 13:36 | #161

      Hey Alain,
      By the way, I found a small bug in the software that could cause what you are experiencing. I have since fixed the issue, and all you have to do is re-download the software and install just how you normally did before. Thanks for your patience!

      -Kevin

  114. May 15th, 2011 at 02:25 | #162

    Be sure to leave a comment here! If you see something you would like to add, a question you would like to ask, etc. then use this area so we can all discuss the power of Renko charts, and the strong effect it has on our trading!

    -Kevin
    Lead Programmer
    ZIG Renko Charting Software Suite