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Attachments: Renko strategy for escaping from a ranging market
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Renko strategy for escaping from a ranging market

  • Linked: renko autotrading | Brokerage Account XXXXX93 Starting Jan 1, 2019
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  • Post #1
  • Quote
  • First Post: Mar 24, 2015 1:16am Mar 24, 2015 1:16am
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 .
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 .
Attached File
File Type: mp4 escape from ranging.mp4   205 KB | 534 downloads
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
Quoting francisakz
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
Quoting francisakz
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.
sounds good,

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

cheers!
sminage, just ask mathtrader7 to do it he will have it done in 10mins!
  • Post #8
  • Quote
  • Edited at 1:57pm Mar 24, 2015 1:42pm | Edited at 1:57pm
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.
Quoting sminage
{quote} https://youtu.be/4vmkz7_4SBY
sample
Attached Image (click to enlarge)
Click to Enlarge Name: pending.png Size: 38 KB
I believe the following part of a post by krumpy to be a good starting point, coding-wise:

Quote
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);
Try this on renko chart.
Use trailing or breakeven .
Attached File
File Type: ex4 e-BJF-RSI.ex4   8 KB | 340 downloads
Quoting sminage
Try this on renko chart. Use trailing or breakeven . {file}
what is logic behind this EA please?
patience is a virtue
Quoting blueseahorse
{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
Attached File
File Type: mq4 e-BJF-RSI sellbelow&buyabove.mq4   7 KB | 393 downloads
Quoting sminage
{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
patience is a virtue
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.
Attached Images (click to enlarge)
Click to Enlarge Name: eurusd1.JPG Size: 97 KB Click to Enlarge Name: eurusd2 edit.jpg Size: 196 KB Click to Enlarge Name: eurusd10.JPG Size: 88 KB Click to Enlarge Name: gbp2 edit.jpg Size: 127 KB
Quoting francisakz
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.
The markets are speaking to you. Do you know their language?
IMT Pips This Week: -573
Quoting sminage
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?
Lazy Trader
Quoting ficibald
{quote} What renko brick size?
10
Attached Image
Quoting sminage
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...
what renko ea builder you use?can you share it here?thank you
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