Fun and play with Renko strategy | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RENKO Trading SYSTEM - RENKO Indicators 7 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

Goldflight's RENKO strategy 512 replies

Renko Swing: a noise scalping strategy to milk trends and news 66 replies

For fun :D / Gap strategy 12 replies

Attachments: Fun and play with Renko strategy
Exit Attachments

Fun and play with Renko strategy

  • #61
  • Aug 29, 2018 8:38am Aug 29, 2018 8:38am
Quoting XxixixX
{quote} Just images on a chart, what are the Central bankers doing, do you take into account any fundamentals? The charting that you are showing, is this broker "B-Booking you" if so, its flawed, imho.

I did not understand, can you explain more clearly?
  • #62
  • Aug 29, 2018 8:40am Aug 29, 2018 8:40am
Quoting mbrown
Hi Mohsen, I'm just experimenting with the following idea. On paper or should I write Excel, it amazingly profitable. So profitable i think there must be a flaw. However, I am unable to back test the EA because the way I normally backtest offline charts doesn't seem to work for data from RenkoBuild so MT4 backtesting ideas are welcome.. Anyhoe, I have deployed the EA for forward testing and I'll keep you updated. Please note: it is against my trading convention for a SL to be larger than the PT but for this exercise I want to see the performance....


When you run the software, you need to change the frame time once to get the renko indicator running and live.
  • #63
  • Aug 29, 2018 8:48am Aug 29, 2018 8:48am
Mohsen, you need to find a way to clean up the code for "renko build". Take a look at your MQL4/Log file and you will see what I mean. I do not have access to the source code and cannot assist.
  • #64
  • Aug 29, 2018 9:06am Aug 29, 2018 9:06am
Quoting Ryder
Mohsen, you need to find a way to clean up the code for "renko build". Take a look at your MQL4/Log file and you will see what I mean. I do not have access to the source code and cannot assist.

Yes, I do not have access to the source code. We need to use another builder. Do you know a better builder?
  • #65
  • Aug 29, 2018 9:15am Aug 29, 2018 9:15am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM10.png Size: 40 KB
Attached File(s)
File Type: ex4 Medium-term scalper.ex4   20 KB | 940 downloads
Attached File(s)
File Type: tpl template_name.tpl   1 KB | 645 downloads
  • #66
  • Aug 29, 2018 10:20am Aug 29, 2018 10:20am
Quoting mohsen_hps
{quote} Yes, I do not have access to the source code. We need to use another builder. Do you know a better builder?
I will see what I can come up with. I have been using a commercial builder that I paid money for. Cannot distribute it. But MTH put together a number of mods to the one you are using. I like the one you are suing, I will find the latest release and test it. Give me a couple of days. George
  • #67
  • Aug 29, 2018 11:11am Aug 29, 2018 11:11am
Quoting mbrown
{quote} Nah Alpha, this Renko is the real deal. Live forward test image attached. I still haven't worked out how to backtest using this renko so any strategies I post will not have gone through my normal and rigourous robustness checks. If anyone knows how to backtest this Renko, let me know. {quote} This builder is very good. Why not just clean the source code? {image}

Unfortunately, I do not have access to the source. We have to source it
  • #68
  • Aug 29, 2018 11:12am Aug 29, 2018 11:12am
Quoting Ryder
{quote} I will see what I can come up with. I have been using a commercial builder that I paid money for. Cannot distribute it. But MTH put together a number of mods to the one you are using. I like the one you are suing, I will find the latest release and test it. Give me a couple of days. George

thanks
  • #69
  • Aug 29, 2018 11:12am Aug 29, 2018 11:12am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM10.png Size: 40 KB
Attached File(s)
File Type: ex4 S P MY + alerts.ex4   15 KB | 613 downloads
Attached File(s)
File Type: mq4 S P MY + alerts.mq4   5 KB | 673 downloads
Attached File(s)
File Type: tpl template_name.tpl   1 KB | 563 downloads
  • #70
  • Aug 29, 2018 12:15pm Aug 29, 2018 12:15pm
Quoting mbrown
{quote} Ryder, I've just checked my MQL/Log and I see no invalid file handle errors or file seek errors.
Don't know what to say. See attached. Will continue to look into this.
Attached File(s)
File Type: txt renko build log file extract.txt   3 KB | 417 downloads
  • #71
  • Aug 29, 2018 1:58pm Aug 29, 2018 1:58pm
mohsen good day to you. I no longer trade renko from day to day because I have a basketing strategy that I am having success with. Your thread caught my eye and I decided to take a look. One of my biggest personal handicaps in my forex walk has been a tendency to jump from one strategy to the next. Anyway, I have spent a day on your strategy and offer you the results of my work. I will stay around long enough to answer questions with regard to the software which I am posting below.

1. I have been able to find an upgrade version of the "renko build" indicator that you are using. This one will produce two different renko charts at once (10 pip and 5 pip for example on two different synthetic time frames). I believe it to be efficient and error free.
2. I have taken some of the signals that your have used over the past couple of days and built an indicator that provides options for combining the various signals into an integrated signal. The external parameter box and its options can be enabled individually or in any combination to produce trade signals. Try them one at a time and then in combination until you understand them and find something that works for you. In order to understand the options, you must have read the thread. Alerts are provided. Will add "push alert" if someone insists. Two time windows are allow for seting times during which signals are permitted. All the files attached (except the tpl file) go into the mql4/indicators directory.
3. I think enabling "Lip_X_SP_Trend_Enable" and "Lip_Slope" at the same time would be a profitable strategy. Many other profitable combinations.
4. After doing this for 10 years and wasting several years writing EAs, I have ceased to be a fan of EAs. Please do not ask me.

That is it, Just trying to give back a little. Forgive me, but I do not want to make a career out of your thread, but will hang around to answer questions. Regards, George
Attached File(s)
File Type: mq4 0 - !MTH Renko Chart Builder Indi Ver 03.mq4   33 KB | 587 downloads
File Type: mq4 Laguerre_RSI_v2.2m_mtf_called.mq4   11 KB | 555 downloads
File Type: mq4 Laguerre_RSI_v2.2m_mtf.mq4   11 KB | 534 downloads
File Type: mq4 S P MY called.mq4   10 KB | 520 downloads
File Type: tpl !!!!renkoLaguerreRSI.tpl   5 KB | 523 downloads
File Type: ex4 ###Renko_Laguere_RSI_Signals_v2.0.ex4   25 KB | 540 downloads
  • #72
  • Aug 29, 2018 4:30pm Aug 29, 2018 4:30pm
Quoting alphadude
{quote} Renko chart forms after few of the real bars are completed; hence you may have forward bias in your data your entry price should be on the real bar that formed the renko bar
I now fully understand this!
  • #73
  • Aug 29, 2018 4:46pm Aug 29, 2018 4:46pm
Quoting Ryder
Mohsen, you need to find a way to clean up the code for "renko build". Take a look at your MQL4/Log file and you will see what I mean. I do not have access to the source code and cannot assist.
yes, i found this bug in my mt4 as well.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture2.JPG Size: 187 KB
Profit growth tells you the trader ability.
  • #74
  • Aug 30, 2018 12:46am Aug 30, 2018 12:46am
Quoting mbrown
{quote} I now fully understand this!

Thank you. I will need your help. And we need your experiences.
  • #75
  • Aug 30, 2018 8:21am Aug 30, 2018 8:21am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM10.png Size: 47 KB
Attached File(s)
File Type: ex4 StepMA NMC v3.01.ex4   45 KB | 612 downloads
Attached File(s)
File Type: mq4 StepMA NMC v3.01.mq4   14 KB | 753 downloads
Attached File(s)
File Type: tpl template_name.tpl   1 KB | 545 downloads
  • #76
  • Aug 30, 2018 9:27am Aug 30, 2018 9:27am
Medium-term scalper.ex4
For me alert is not working. I believe it is same indicator "beforexguru" foud it here: https://www.mql5.com/en/forum/175037/page1424
Attached File(s)
File Type: mq4 beforexguru.mq4   8 KB | 414 downloads
Trade what you see not what you think!
  • #77
  • Sep 2, 2018 8:11am Sep 2, 2018 8:11am
I'm sorry for delaying you
  • #78
  • Sep 2, 2018 8:13am Sep 2, 2018 8:13am
Quoting surzygyy
Medium-term scalper.ex4 For me alert is not working. I believe it is same indicator "beforexguru" foud it here: https://www.mql5.com/en/forum/175037/page1424 {file}

what is this?
  • #79
  • Sep 3, 2018 3:39am Sep 3, 2018 3:39am
Quoting mohsen_hps
{image}{file}{file}
This is the indicator for which alert function is not working for me.
Trade what you see not what you think!
  • #80
  • Sep 5, 2018 12:05am Sep 5, 2018 12:05am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM10.png Size: 46 KB
Attached File(s)
File Type: ex4 Ozymandias_Alert.ex4   15 KB | 496 downloads
Attached File(s)
File Type: mq4 Ozymandias_Alert.mq4   4 KB | 600 downloads
0 traders viewing now