Renko Time and Time Between Candles Indicator Binary Options Indicator – Екілік Options

Екілік опциялар брокерлерінің рейтингі 2020:

Renko Time and Time Between Candles Indicator – indicator for MetaTrader 4

*Version 2, corrected array alignment and calculation of the current bar time.

*Version 2ma — added moving average as requested.

A very simple indicator to display the difference in time between candles in seconds.

Intended for use with offline renko charts to indicate how long each block or brick has taken to form.

On a regular timeframe chart, it can indicate dropped candles because the subsequent candle starts late.

My first indicator! Please comment!

Long indicator bars at the period separator as market closed.

You might expect indicator bars to be double height where the renko colour changes as the price has had to move twice as far to make the block.

Екілік опциялар брокерлерінің рейтингі 2020:

My guess is that when the market moves then the bars are small, indecisive market produces longer bars as price takes longer to move.

On a regular timeframe chart, it can indicate dropped candles because the subsequent candle starts late.

Here, news was out at 15:30 but the candle was skipped so the 15:31 candle took 120 seconds to start, counted from the start of the previous (15:29) candle.


Seems odd to put the time element back into renko charts but I figured it might produce useful information such as slow bricks indicating a turn in the market or price moving slowly inside a range. Or fast bricks indicating a real move in the price.

On a regular, standard timeframe chart, it can show where the chart / broker has skipped one or more candles. This is surprisingly often! Particularly at news times.

3# 3° Candle Binary Options High/Low Stategy

Binary Options High/Low

Submit By Janus Trader 03/06/2020

Time Frame 15 min or higher.

Binary options Strategy Rules

1. Find the third candle

2. Enter your trade at the start of the third

candle and wait that candle closed.

-Identify the current trend.

(For example: use 50SMA or 100sMA to

identify the current trend. If the price is above

the SMA – the current trend is up or opposite)

You may also use a Stochastic indicator with

parameters 5.3.3 to filter your trades. If the

direction of the stochastic is opposite of your 1st

and 2nd candles it is better not to trade at that

moment and wait for the next “1st candle figure”.

-Open a 60 min chart or other time Frame and find the “first

“ The First Candle” is between two

candles, and it is the highest or the lowest of

those three candles.

Look at the chart below:

The 1st candle is located between two candles

and it is the highest (or lowest ) of the 3.

-Now if you look to the right of the 1st candle is

the 2nd candle and the next is the 3rd candle –

the most important for us. This system based

on the 3rd candle.

If look on your chart you will see a lot of “three

candles figures” and all of them are great

Binary Options strategy: Trades

We BUY at the very beginning of the 3rd candle

if the current trend is up and your candles

figure is going up

We SELL very beginning of the 3rd candle if the

current trend is down and your candles figure

There is ALWAYS an opportunity to make a win trade.: all you have to do is to open few pairs charts and you will always find your 3 candles on

When not to trade

– do not trade 1 hour before and after

major news or big events

– when the 3rd candle is against the current

– when the second candle closes “inside” the

This also a scalping system ( 3° Candle Scalping system) with this exit setup:

Your target is 10 pips. You can also try to use a

trailing stop order to maximize your profit.

Stop loss needs to be placed above or below

the second candle: If you BUY – place a stop 1

pip below the 2nd candle, if you SELL – place a

stop 1 pip above the 2nd candle.

This Scalping system can be used with higher time frame.

In this case make sure to set your take profit

target more than 10 pips.

Share your opinion, can help everyone to understand the Binary strategy.

PROXXTRADER (Wednesday, 20 May 2020 17:02)

Arrow appears after the event occured. Whats the use of that?

Amit Shinde (Tuesday, 16 April 2020 18:27)

Muzaffar Djuraev (Saturday, 27 June 2020 11:56)

guys, it is indeed excellent strategy you may ever trade. I m sure u barely find such solid strategy online.

John (Friday, 12 June 2020 14:31)

Does anyone knows how to set the arrow to appear one candle earlier.

davide (Sunday, 12 October 2020 18:21)

ardian natakusuma (Saturday, 07 June 2020 00:58)

i just download 3rd candle then i apply to mt4.
the arrow is 1st candle or 3rd candle?

Brandon (Saturday, 08 March 2020 17:12)

Even if you give the perfect strategy to 100 traders, only 10 will be successful because people don’t follow rules. This strategy works really well. You must follow the rules in the description though.

glb (Friday, 15 November 2020 22:16)

it will lose you more then it will win. see on history.

instar (Saturday, 09 November 2020 12:17)

I think,he mean high or low of candle, not close price

sergio bentes (Saturday, 26 October 2020)

My question is the same of B50, about the first picture, where the second candle closed inside the first candle. Is it possible to explain with more details?

B50 (Sunday, 20 October 2020 13:58)

in your first pic with 3 entries you took the second signal but why? the second candle closed in the first candle.

B50 (Sunday, 20 October 2020 13:56)

interesting, so we should entry only with signals that follow the trend even if there are good signals against the main trend?

Renko Maker Pro Trading System – up to 1500+ pips per trade

Renko Maker Pro Trading System is able to bring up to 1500+ pips (. ) profit according to the developers. The system is designed for Renko charts and is based on only three indicators. This trading strategy is already quite old, but today it is able to make a profit on the condition of reasonable trading and when all recommendations are followed .

Characteristics of the Renko Maker Pro Trading System

  • Platform: Metatrader4
  • Currency pairs: Any currency pairs, recommended major
  • Trading Time: Any
  • Time Frame: M2 (Renko chart)
  • Recommended broker: Alpari, Forex4you, RoboForex

Trading rules

The system is installed on Renko charts, so you must first prepare a chart. For those who do not know how to do this, watch this video and do the same:

The video shows the installation for Renko Street Trading System. Installing Renko Maker Pro is similar, just use the RenkoMaker Pro.tpl template. In addition, you can use the Manual to assist in the installation.

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The RenkoLiveChart_v3.2 EA is attached in the archive with the system (you can download it at the bottom of this post).

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The system uses three indicators:

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BUY – when both indicators (Signal and Confirmation) are colored green (after closing the candle):

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SELL – when both indicators (Signal and Confirmation) are colored red (after closing the candle):

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Take Profit (Closed) – when the first opposite color appears after closing the current candle.

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Developers recommend opening deals only in the direction of the trend. This is common sense, because «Trend is your friend.» And the MTF TrendBar indicator, which is located in the upper right corner, will help us understand the direction of the trend:

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Green – Bull Market (trend UP)

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Red – Bear Market (trend DOWN)

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Gray – Flat Market (Sideway)

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When determining the direction of the current trend, one should take into account the older Time Frames H1 – MN1.

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Follow the direction of the trend and do not be late with the opening of the transaction when both indicators are colored the same after the close of the signal candle. The same rule is relevant when closing a deal – you also don’t need to be late, close the deal after changing the color of the Signal Indicator to the opposite color after closing the candle.

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Do not enter the market with a flat market (gray squares on Trend Bar).

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Be sure to practice on a demo account. And only after acquiring a confident positive trend in the growth of your account, you can proceed to real trading.

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Do not forget about the important condition of any successful trader – Money Management and do not risk more than 2% of your account.

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In the archive Renko_Maker_Pro.rar (555,0 Kb):

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  • RenkoLiveChart_v3.2.ex4
  • MTF-TrendBar.ex4
  • RenkoMaker_Confirm.ex4
  • Signal.ex4
  • RenkoMaker Pro.tpl
  • Renko Maker Pro Manual.pdf

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Free Download Renko Maker Pro Trading System

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