Renko seems to be same as range bar, no? Is the open of a Renko bar one tick different from the close of prev. Renko?
Do you meant 5 points for target or 5 ticks? Smae for the stops. I use 0.25 box size and 0.50 box size, shorter for entries and longer to see the trend, my setup still in the works ... I don't have a definate win/lose ratio.
I use 2 monitors and my destktop extended to the other monitor so posting the second half of the screen
time frame all Renkos is 5 minutes but box sizes are different the last post is box size=1, which is an overview of the day.,
I always thought Renkos were cool though I've never come up with a systematic way to trade off them. They're cousins of Point and Figure charts in the sense that time is not used to form them, but only price movement. Stop placement is more obvious with Renko and PnF.
see the chart Take a buy trade or a sell trade after completion of first green bar or red bar. Each bar is 5 points £10 per point. You can see how many profitable trades are there