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-   -   Renko strategy for escaping from a ranging market (https://www.forexfactory.com/showthread.php?t=532290)

sminage Mar 24, 2015 1:16am | Post# 1

Entry for buy stop every green bar ( bar up ) distance to buy stop one bar gap + spread expiration time 15mts (delete order after 15m if not triggered).

Entry for sell stop every red bar ( bar down ) distance to sell stop one bar gap + spread expiration time 15mts (delete order after 15m if not triggered).

Exit negative trades two reverse bar and plus trades one reverse bar.
Stop loss three bar gap + spread .
Trailing stop two bar.


Can any one automate this strategy .Thanks in advance .

sminage Mar 24, 2015 4:33am | Post# 2

1 Attachment(s)
Check the example first up bar 10.15 second 10.29 third 10.53 4th 11.02
We get three orders it works perfect in high volatile market .
escape from ranging.mp4

francisakz Mar 24, 2015 4:57am | Post# 3

The Video u posted is not working, maybe u should try and give us a chart diagram of ur strategy if u can't make any more videos, it looks intrested to me but, still don't get it

sminage Mar 24, 2015 5:04am | Post# 4

The Video u posted is not working, maybe u should try and give us a chart diagram of ur strategy if u can't make any more videos, it looks intrested to me but, still don't get it
Inserted Video

up2dream Mar 24, 2015 5:30am | Post# 5

The Video u posted is not working, maybe u should try and give us a chart diagram of ur strategy if u can't make any more videos, it looks intrested to me but, still don't get it
I download it and can watch it normally.

joancb Mar 24, 2015 8:53am | Post# 6

sounds good,

only if you could change "for" for "to" (Renko strategy "to" escape from ranging market.) probably would attract more people.

cheers!

michaelasks Mar 24, 2015 12:16pm | Post# 7

sminage, just ask mathtrader7 to do it he will have it done in 10mins!

Mtkrams Mar 24, 2015 1:42pm | Post# 8

A good way to avoid ranges would be to have an EA with the following logic:

Buy / Sell if price moves X pips to a new particular direction (up or down) in X seconds.

So, if for example, price was going up but now forms two bearish bricks of 5 pips each (i.e. 10 pips total to one direction) within 20 seconds, the the EA opens a SELL trade.

Example: Price went up 2 pips (variable / adjustable) from 1.4020 to 1.4022 and then dropped 10 pips to 1.4012 within 20 seconds. The EA opens a SELL position at 1.4012

I believe this to be a good starting point, especially if the EA is not strictly based on Renko charts, given their tendency to re-paint / vary. Then, we could further build on this (e.g. add SL / TP, additional filters like confirmation with ATR, ADX, TDI, MA slope [angle], etc.., ability to set Pending Orders at the nearest Round Numbers, possible incorporate an optional breakout strategy, say the break of the High or Low of the most recent X minutes, and / or other references [like bar colour on the higher timeframe(s), Heiken Ashi, etc...]

R.

sminage Mar 25, 2015 1:16am | Post# 9

1 Attachment(s)
sample
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Mtkrams Mar 25, 2015 3:04pm | Post# 10

I believe the following part of a post by krumpy to be a good starting point, coding-wise:

Count minutes between the last two closed bars. (I use this for an extra entry to try catch volatile conditions. ie If 2x last bars are same color and formed in less then 2 minutes place trade.)


int bar1 = (ulong)datetime(Time[1]);
int bar2 = (ulong)datetime(Time[2]);
int Mins = MathAbs((bar1-bar2)/60);

sminage Mar 26, 2015 11:17pm | Post# 11

1 Attachment(s)
Try this on renko chart.
Use trailing or breakeven .
e-BJF-RSI.ex4

blueseahorse Mar 27, 2015 12:01am | Post# 12

Try this on renko chart. Use trailing or breakeven . {file}
what is logic behind this EA please?

sminage Mar 27, 2015 12:07am | Post# 13

1 Attachment(s)
{quote} what is logic behind this EA please?
simple rsi cross

it has to modify to renko
For buy when green bar close in between 55 and 60 rsi ( one entry )
For sell when red bar close in between 45 and 40 rsi ( one entry )
break even 1 brick trail 2 or 3 brick
e-BJF-RSI sellbelow&buyabove.mq4

blueseahorse Mar 27, 2015 12:36am | Post# 14

{quote} simple rsi cross it has to modify to renko For buy when green bar close in between 55 and 60 rsi ( one entry ) For sell when red bar close in between 45 and 40 rsi ( one entry ) break even 1 brick trail 2 or 3 brick {file}
then it has a big diffrence with yout idea on post1

sminage Nov 23, 2019 2:40am | Post# 15

4 Attachment(s)
Hai to all
A simple idea to automate

First type buy
Buy on green bar
1st condition: Green Bar close Price in between ema price plus 500 points.
2nd condition: check for Two Red bars before this green bar.

Second type buy
Buy on green bar
1st condition: green bar close Price below ema price minus 500 points.
2nd condition: check for Two Red bars before this green bar.

First type sell
Sell on red bar.
1st condition:Red Bar close Price in between ema price minus 500 points.
2nd condition: check for Two Green bars before this Red bar.

Second type Sell.
Sell on Red bar .
1st condition: Red bar close Price above ema price plus 500 points.
2nd condition: check for Two Green bars before this Red bar.

Parameters in ea

Moving average type : ema
Moving average : 100
Ma distance : 500
Take Profit : 1000
Stop loss : 1000
Trailing Sl : 100
Sell : True (False for one entry buy or sell )
Buy : True (True for both entry on same time.)
Sell magic : 1111
Buy magic :2222
Number of trades : 1 (for one buy and one sell) 2 (for two buy and two sell) first buy on first buy signal and second entry on second buy signal like that.)
Lot :.01
multiplier :2

Thanks in Advance for watching this.
Please Fell free to contact me for clarifications.
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DrDave Nov 23, 2019 5:10am | Post# 16

The Video u posted is not working, maybe u should try and give us a chart diagram of ur strategy if u can't make any more videos, it looks intrested to me but, still don't get it
You can play it with VLC Media Player.

ficibald Nov 25, 2019 3:40pm | Post# 17

Hai to all A simple idea to automate First type buy Buy on green bar 1st condition: Green Bar close Price in between ema price plus 500 points. 2nd condition: check for Two Red bars before this green bar. Second type buy Buy on green bar 1st condition: green bar close Price below ema price minus 500 points. 2nd condition: check for Two Red bars before this green bar. First type sell Sell on red bar. 1st condition:Red Bar close Price in between ema price minus 500 points. 2nd condition: check for Two Green bars before this Red bar. Second type Sell....
What renko brick size?

sminage Nov 27, 2019 7:10am | Post# 18

1 Attachment(s)
{quote} What renko brick size?
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sminage Dec 2, 2019 1:44am | Post# 19

Hai to all A simple idea to automate First type buy Buy on green bar 1st condition: Green Bar close Price in between ema price plus 500 points. 2nd condition: check for Two Red bars before this green bar. Second type buy Buy on green bar 1st condition: green bar close Price below ema price minus 500 points. 2nd condition: check for Two Red bars before this green bar. First type sell Sell on red bar. 1st condition:Red Bar close Price in between ema price minus 500 points. 2nd condition: check for Two Green bars before this Red bar. Second type Sell....
hi attention to all coders here.
Please help me to make an ea for my statergy...

chouta Dec 4, 2019 3:56am | Post# 20

what renko ea builder you use?can you share it here?thank you


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