INSPIRED BY NINZA RENKO BARS…
Visualize Price Acton & See True Highs & Lows Without Noise. Finally Accurate Price Based Trading Bar..
Unleash the power of automated breakout trading with our Previous Day High Low Bot. Imagine waking up to a strategy that has already identified and placed your trades so you can focus on living your life, not watching the markets.
ACE RENKO BARS
See Why Traders and Investors all over the globe are
using ACE Trading Bots to grow portfolio’s
⭐️⭐️⭐️⭐️⭐️ 5/5 stars based on customer reviews
Breakout Trading
Lower your risk
The Previous Day High/Low Bot follows one of the simplest and often most reliable concepts in trading: waiting for price to break above or below the previous day’s high or low. When a breakout occurs, it initiates a stop-order trade and then manages the entire position for you, including your take-profit and stop-loss. With a maximum of two trades a day, it’s designed to protect your capital, mitigate excessive drawdowns, and steadily grow your account over the long term.
Strategy Optimizer
BACKTEST
The problem with the current version of Ninza Renko is they cannot be backtested in Ninja Trader Strategy Analyser. The reason for this is they create a false open. Live orders are placed at the top of the bars where backtests place orders on the bottom. This means a real order will be so many ticks different to a backtest order.
TRADING DAILY highs and lows
has never been so easy
Here’s how it works step by step:
How ACE Renko Candles Work
Trade Without All The Noise!
1. What are Renko Candles?
Renko candles are a type of charting method that focuses solely on price movement they ignore time. Instead of drawing a new bar at regular time intervals, Renko charts create a new “brick” only when price moves a set amount. This helps filter out market noise, leaving you with a clean view of the trend. Think of it like waiting for the perfect swell rather than paddling out all day.
2. How Do Renko Bars Work?
- Brick Formation: A new brick (or “Renko block”) is added only when the price moves beyond a predefined threshold.
- Direction: If the price moves up enough, a bullish brick is drawn if it drops by that same amount, a bearish brick will be drawn.
- Trend Visualization: Because time doesn’t factor in, you see a smoothed out trend. It’s like watching a surfer ride a long, uninterrupted wave.
Understanding the Renko Brick Size
Can You Define Renko Bricks?
The brick size is the set price movement required to form a new brick on the chart. It’s a bit like setting the minimum wave size you’re willing to ride. If the brick size is too small, you’ll end up with too many bricks (over trading and false signals). If it’s too large, you might miss smaller yet significant market moves.
How Do I Choose The Right Renko Brick Size?
- Market Volatility: In a highly volatile market, you might choose a larger brick size to avoid getting whipsawed by small price moves.
- Strategy Specifics: If you’re a scalper, you might prefer a smaller brick size to catch those rapid moves, but if you’re in for the long haul, a bigger brick size can help you stay on the right wave.
- Experimentation: It’s essential to experiment with different sizes using backtesting (like testing your surfboard in various conditions) to find what works best for your trading style.
How to Use the Settings
Setting The Renko Brick Size?
- Find the settings panel in ACE Renko.
- Enter your desired brick size.
- Remember: adjust this based on your asset’s volatility and your trading strategy.Setting the Brick Size:
In a Nutshell
Ninza Renko candles help you filter out the noise by only plotting significant price movements defined by your brick size. Adjust your settings based on market conditions and personal strategy, and you’ll be gliding through the charts like a surfer catching the perfect barrel.
If you need more deets or have any other questions, just holler we’re here to help you ride those market waves!
Watch ACE Renko In use!
What You Get!!
- Well Coded ACE Renko Bar Type
- Quick & Easy Setup!
- Full User Guide!
- Video Tutorials!
- Backtestable Accuracy!
- V.I.P Support!
- Discord Group Access!
ACE Renko FAQ?
What are ACE Renko Bars?
They’re a cutting edge NinjaTrader tool that smooths out market data using Renko charting, with the added power of backtesting.
How do ACE Renko Bars differ from Ninza Renko and King Renko?
While Ninza Renko and King Renko are cool, ACE Renko Bars give you the edge of backtesting, letting you ride the market with confidence.
Can I backtest my trading strategy using ACE Renko Bars?
Totally, dude! Backtesting is a core feature, letting you test your strategies on historical data.
What trading platforms are supported?
ACE Renko Bars is built for NinjaTrader, ensuring a smooth integration into your trading setup.
Do I need to be an expert to use ACE Renko Bars?
Not at all! Whether you’re a seasoned trader or just catching your first wave, the user friendly design has got you covered.
How does Renko charting benefit my trading?
Renko charts help filter out market noise, revealing clear trends and potential reversal points just like spotting a perfect wave break.
Is there customer support available?
Absolutely, dude! Our support team is always ready to help you stay stoked and riding high.
Can ACE Renko Bars be used for day trading and swing trading?
Yep! It’s versatile enough to catch short term waves and longer market trends alike.
How often is ACE Renko Bars updated?
We’re constantly working to improve our tools, releasing updates that keep you ahead of the market’s changing tides. This Bar type will not need regular updates
Where can I learn more about ACE Renko Bars?
Check out our detailed video, blog posts, and join our community forums to get all the deets and share tips with fellow traders.
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