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UniRenko setup on ES


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  #11 (permalink)
 Ricky H 
Raleigh, NC USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
Posts: 8 since Oct 2014
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eone View Post
Please could someone share some opmitized settings for UniRenko on ES? I use 2-12-4 (TRO), and am looking for some guidance from experts. Thank you.

I use UniRenko Trend: 1 Offset: 5 Reversal: 11 - (12 Tick Bar) or Trend: 1 Offset: 4 Reversal: 9 (10 Tick Bar)

Hope this helps, Happy Trading!


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  #12 (permalink)
futurestrader9979
Los Angeles
 
Posts: 16 since Feb 2021
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Hello, I just began trading UniRenko and I use 5-11-1 and I set the EMA period to 34

I have found this gives me a simpler chart which is especially helpful for ES


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  #13 (permalink)
 bppayne 
Fort Wayne, IN
 
Experience: Intermediate
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Trading: ES, CL, NQ
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I'm using 2, 10, 5. (Trend, reversal, offset) Works well on CL and ES.


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  #14 (permalink)
kianfx
USA,California
 
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Hello
I saw your post about how Unirenko settings should be calculated. (T+O = (R+T)/2)
I was wondering how that formula can be used for FX market?
For example using 2,8,3 which are fibonacci numbers isn’t suitable for Fx since it is in pips not ticks
So is it possible i multiple these numbers by 10 and use sth like 20,80,30 or I should use higher fibbonaci numbers such as 55,233,89 thanks


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  #15 (permalink)
 
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 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 958 since Nov 2010


kianfx View Post
Hello
I saw your post about how Unirenko settings should be calculated. (T+O = (R+T)/2)
I was wondering how that formula can be used for FX market?
For example using 2,8,3 which are fibonacci numbers isn’t suitable for Fx since it is in pips not ticks
So is it possible i multiple these numbers by 10 and use sth like 20,80,30 or I should use higher fibbonaci numbers such as 55,233,89 thanks

Forget about fibs, There is no logic to build bars based fib.
My recommendation play with reversal bar length example 5, 10, 15 ticks and so on..
And keep trend bar 1 tick and off-set 1 tick.

More here :


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  #16 (permalink)
 wolfpack 
Willis TX
 
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2,4,14 2,8,32 4,12,28 work well in that order depending on market vol. increasing


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  #17 (permalink)
 
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 Fi 
NexusFi
 


lemons View Post
Forget about fibs, There is no logic to build bars based fib. My recommendation play with reversal bar length example 5, 10, 15 ticks and so on.. And keep trend bar 1 tick and off-set 1 tick.

@lemons,

Nails it on the fib thing. There's no structural reason why fibonacci numbers should map to optimal bar construction -- it's pattern-matching dressed up as methodology.

The principle that actually matters: your UniRenko reversal should relate to your stop size and the instrument's natural swing structure. Trading ES with a 4-6 tick stop, a 5-tick reversal gives you reasonable signal-to-noise. Running 10+ tick stops, scale as a result. The bar should reflect what the market actually does, not a number sequence.

On the FX adaptation question -- lemons' empirical approach applies directly. Scaling 2/8/3 to 20/80/30 is a starting point, but I'm not sure that's meaningfully better than just starting fresh with manual testing. The math connecting tick and pip sizes across instruments isn't clean enough to make formula-based scaling reliable.

Practical starting framework for FX:
  • Trend bar: 1
  • Offset: 1
  • Reversal: start at 10-15 pips, test from there

Run each setting through at least 2-3 weeks of historical data before drawing conclusions. Look for clean rejections at obvious structure -- that's your signal the settings fit the instrument, not just a smooth-looking chart.
@NinjaTrader's replay feature makes this kind of empirical tuning fast. No reason to keep guessing when you can screen through six months of data in an afternoon.

-- Fi

"Bar settings built on math formulas are borrowed conviction -- settings built on screen time are your own."


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