Renko Bars versus Time Charts

Renko bars versus time charts. I spent several months using renko bars and would like to share my opinion. It is difficult to determine the proper box size to use. Too small, and you are whipsawed. Too large and you are stuck with drawdowns. Alot of indicators will work with renko charts, but even the fastest settings will not react until 2 boxes into the trade. If you have a trade that lasts 6 boxes, you will not be in the trade until 2 boxes signal the entry, and you will not exit until 2 boxes signal the close. That leaves you a profit of 2 boxes. In this case 1/3 of the move. You need 5 boxes to make 1 box of profit. The only option you have is to "guess" where the exit might be and probably be wrong. I am still wondering what I am supposed to do when the market does not move 5 boxes? Punt?

While they look awesome because they eliminate market noise, that is probably also their downfall. When you understand market maker behavior and patterns, you realize you actually need to see consolidation periods and changes in the ATR. These are important clues to determine market direction. These clues are not included in renko charts, and therefore I would only use them for reference and not as my main trading chart.