Tuesday, 27 March 2012

Renko Charts with Wicks

I'm using the latest MultiCharts beta which has the option of using wicks with the Renko bars and I really like it for both discretionary and auto trading. They seem to be better than just the range bars - the constant body size of the candle with the visibility of the whole range of the bar seems to be what works well for me.

I'd recommend checking it out to see how it suits you. Lots of testing will be needed to see the nuances of the changes.

One really good trade in the DAX this morning (London time). I was also trading the Euro and the CL which also had a few trades. The mornings here are getting pretty quiet, but still plenty of milk if not much cream.

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