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Lets Automate a Simple Renko Strategy!

  • #2,681
  • Jun 8, 2019 3:22pm Jun 8, 2019 3:22pm
Quoting mickael58
{quote} my indicator are: Renkolivechart v3.4, brik = 10 pips, EMA 10 close, xsupertrend candles, TDI indicator, xsupertrend MTF, CurrencyPowerMeter, #3 News Panel (Black), SupplyDemand {file} {file} {file} {file} {file} {file} {file}
s are EA

hie,which ones are EAs here and which ones are indicators cz need to load them
  • #2,682
  • Jun 12, 2019 2:25am Jun 12, 2019 2:25am
Quoting Liovannix
Is there a script that I can just drag to a chart to open an offline chart that I have already created with Renko indicator. I just want a short cut to opening an offline chart without going to offline manually to open the offline chart.
Yes if You use Mathtrader's renko creator. You can find it here on FF.Greetings
  • #2,683
  • Jun 14, 2019 12:17pm Jun 14, 2019 12:17pm
Hi all, need help with the settings of the EA
  • #2,684
  • Jul 7, 2019 2:27pm Jul 7, 2019 2:27pm
Quoting Tekkies
{quote} Fixed the above mentioned problem: Will stop working 31/10/2017 {file}
Hi Tekkies,
Is it possible to get this EA?
  • #2,685
  • Jul 13, 2019 8:18am Jul 13, 2019 8:18am
Quoting ChrisMT
{quote} Hi Tekkies, Is it possible to get this EA?
There are many Renko EAs and indicators here are a few. My favorite is STG Renko because you can choose between normal or median Renko with or without wicks. Also, changing the size of the Renko bricks on the source chart or the remote chart will update everything. Have fun
Attached File(s)
File Type: zip Median Renko.zip   64 KB | 951 downloads
File Type: zip Non-Gap Renko.zip   38 KB | 926 downloads
File Type: zip STG Renko.zip   130 KB | 1,171 downloads
  • #2,686
  • Jul 24, 2019 9:15pm Jul 24, 2019 9:15pm
Quoting MathTrader7
Here is Version 2.60 of the EA that implements money management. The user has four options for money management: 1. Fixed lot size 2. Lot size calculated based on fixed money to risk per trade. 3. Lot size calculated based on percentage of your account's free margin to risk per trade. 4. Lot size calculated based on percentage of your account's balance to risk per trade. {file} Note: The implemented money management has not been fully tested. Please report any bug.
also this ea i used it on live trades it acts differently than demo
  • #2,687
  • Jul 27, 2019 7:30am Jul 27, 2019 7:30am
Quoting MajdHolbi
{quote} also this ea i used it on live trades it acts differently than demo
With the median renko mess "incorrect dll version"
  • #2,688
  • Jul 27, 2019 8:19am Jul 27, 2019 8:19am
Quoting Hutch
{quote} I have been trading the DAX with another system before but since the DAX moves quickly by the time I entered into a trade I was losing too many pips or the move already retraced. So for the last 3 months I went to Renko trying different bricks sizes and found out that 500 points or $5 is best. The trendalt indicator doesn't repaint since it changes color only when it crosses the zero line. Sometime you will see that it goes above then below the line quickly like between the first yellow line and the next red line as seen in post #2,638 but...
real or demo account ???
  • #2,689
  • Jul 28, 2019 5:12am Jul 28, 2019 5:12am
well guys according to my knowledge in the markets and the backtesting I think when you backtest the Renko chart you have to use the wicks module because the backtesting is saved and shows all the market moves during this time if you see the no wicks in the market backtest does not show the real moves just came to my mind so I wanted to warn you ... also Math know better than me and us
  • #2,690
  • Jul 29, 2019 12:46pm Jul 29, 2019 12:46pm
I usually enter at the end of the first renko bar. It works almost all the time on H1 and renkos of 10 pips. Following the trend, by the way.
  • #2,691
  • Jul 30, 2019 6:17am Jul 30, 2019 6:17am
Can please help create a Renko EA from my strategy and indicator below.


I attached the HalfTrend indicator(alerts can be disabled as picture attached).

So basically my request is to create a new EA that will run on a Renko chart (preferably STG renko standard - Post 2685) that will ONLY perform:

BUY Cycle:
1. Renko Bar closed following above Indicator HalfTrend MTF
2. and open Buy on every next Renko bar(Buy trend confirmed)
3. CUT LOSS(close ALL buy positions) when Renko opposite bar confirmed.

SELL Cycle:
1. Renko Bar closed following below Indicator HalfTrend MTF
2. and open Sell on every next Renko bar(Sell trend confirmed)
3. CUT LOSS(close ALL sell positions) when Renko opposite bar confirmed.

* Money Management:
1. Add multiplication method x1.6 for next Cycle onwards ONLY when detected there is total loss position on previous Cycle(If total CUT LOSS Cycle negative or value <0)
2. Lot size back to default after BUY/SELL Cycle closed with profit.
3. If loss again repeat step 1&2
4. Automatic Compound lot size according to equity.
Really really appreciate if anyone could automate this for me. We call it Renko trend cycling EA Hope to hear from you soon.
Attached Image
Attached File(s)
File Type: ex4 HalfTrend MTF.ex4   28 KB | 540 downloads
  • #2,692
  • Jul 30, 2019 9:54am Jul 30, 2019 9:54am
Quoting wfgtrades
Can please help create a Renko EA from my strategy and indicator below. I attached the HalfTrend indicator(alerts can be disabled as picture attached). So basically my request is to create a new EA that will run on a Renko chart (preferably STG renko standard - Post 2685) that will ONLY perform: BUY Cycle: 1. Renko Bar closed following above Indicator HalfTrend MTF 2. and open Buy on every next Renko bar(Buy trend confirmed) 3. CUT LOSS(close ALL buy positions) when Renko opposite bar confirmed. SELL Cycle: 1. Renko Bar closed following below Indicator...
Here is one to get you started. No money management implemented. As far as I can see if market is ranging, your account will be wiped out in a second.
Attached File(s)
File Type: mq4 RenkoEA.mq4   22 KB | 836 downloads
  • #2,693
  • Jul 30, 2019 10:06am Jul 30, 2019 10:06am
I am using all Renko strategy since 2 months i downloaded all these eas on forex factory they will blow you account as what happens to me believe me
  • #2,694
  • Jul 30, 2019 10:10am Jul 30, 2019 10:10am
Quoting NoNonSenseFX
{quote} Here is one to get you started. No money management implemented. As far as I can see if market is ranging, your account will be wiped out in a second. {file}
No brother you missed understood. It is a cycle based EA that has cut loss and no TP. Based on manual inputs, position will be recovered anyhow. Please read instructions carefully. PM me if detailed explanation required if you can code.
  • #2,695
  • Jul 30, 2019 10:13am Jul 30, 2019 10:13am
Quoting wfgtrades
{quote} No brother you missed understood. It is a cycle based EA that has cut loss and no TP. Based on manual inputs, position will be recovered anyhow. Please read instructions carefully. PM me if detailed explanation required if you can code.
You got mail.
  • #2,696
  • Aug 7, 2019 3:18pm Aug 7, 2019 3:18pm
Quoting MajdHolbi
{quote} real or demo account ???
Sorry for the delay in responding I was on vacations. I traded on both demo and real but only with small lots.
  • #2,697
  • Aug 7, 2019 3:22pm Aug 7, 2019 3:22pm
Quoting MajdHolbi
I am using all Renko strategy since 2 months i downloaded all these eas on forex factory they will blow you account as what happens to me believe me
I agree with you. The problem is normally not the Renko strategies but the way the EAs were programmed. This is why I exclusively trade everything manually and never with an EA.
  • #2,698
  • Aug 14, 2019 6:41am Aug 14, 2019 6:41am
Quoting metta87
{quote} That’s exactly what i told him, trendalt repaints. No good to base trading decisions on it.

My observation is it's a repainter just now it was so wonderful to the left but to the right it gave a buy signal after two previous bars of Short bias.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: POC TRD NEW 095.png Size: 67 KB
Click to Enlarge Name: POC TRD NEW 096.png Size: 93 KB
Let it turn and find your entry.
  • #2,699
  • Aug 14, 2019 5:02pm Aug 14, 2019 5:02pm
Any recommendation for a commercial renko feed?
  • #2,700
  • Aug 14, 2019 10:21pm Aug 14, 2019 10:21pm
www.ovo.cz

I have no affiliation with them.
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