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Renko Trading Discussion

  • #1,161
  • Nov 23, 2019 2:17pm Nov 23, 2019 2:17pm
Quoting vortexpme
... if tradingview is maybe not a correct chart but i dont think so tbh! But it seems simple and profitable
Simply put, those Renko charts are not created from real ticks.
Trading is the hardest way to make easy money...
  • #1,162
  • Nov 23, 2019 2:21pm Nov 23, 2019 2:21pm
Quoting MathTrader7
{quote} Simply put, those Renko charts are not created from real ticks.
Can you chek it out in a right chart an sent me a screenshot maybe (eur/usd) 8 pipps months oktober ? (Traditional boxes)

That is why i asked to see the strategy in a working chart (real data that was created)

Then i can see if its still looking promising?

Would be kind, cause i dont have a renko chart on mt4!
  • #1,163
  • Nov 23, 2019 3:07pm Nov 23, 2019 3:07pm
Quoting vortexpme
{quote} Can you chek it out in a right chart an sent me a screenshot maybe (eur/usd) 8 pipps months oktober ? (Traditional boxes) That is why i asked to see the strategy in a working chart (real data that was created) Then i can see if its still looking promising? Would be kind, cause i dont have a renko chart on mt4!
EURUSD, 8pips, October 2019, from Real ticks.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_8pips_October_2019.png Size: 42 KB
Trading is the hardest way to make easy money...
  • #1,164
  • Nov 23, 2019 3:12pm Nov 23, 2019 3:12pm
Quoting vortexpme
{quote} I dont get the message of your comment to be honest ... Is it in a good way or not? ^^
Your tradingview chart draws renko on Daily timeframe, thats why you see only trends
  • #1,165
  • Nov 23, 2019 3:16pm Nov 23, 2019 3:16pm
Quoting metta87
{quote} Your tradingview chart draws renko on Daily timeframe, thats why you see only trends
Yeah that was what i was afraid of
Thanks a lot so far!
  • #1,166
  • Nov 23, 2019 3:55pm Nov 23, 2019 3:55pm
It lost at the end

Quoting vortexpme
{quote} I dont get the message of your comment to be honest ... Is it in a good way or not? ^^
  • #1,167
  • Nov 23, 2019 4:06pm Nov 23, 2019 4:06pm
Quoting augrust
It lost at the end {quote}
It looks so but nit all settings are tested, would like to know how to get renko charts on mt4 to chek it out in more detail
  • #1,168
  • Edited 4:55pm Nov 23, 2019 4:36pm | Edited 4:55pm
ok i downloaded renko

aaand .... it dont look that bad everywhere as in oktober,..... sooo___ if you find the right conditions i think it can be very profitable

for example here... maybe to add some MM on the losses or something

i will chek it out and inform you you can also add up your ideas if you like or have some
  • #1,169
  • Nov 23, 2019 4:40pm Nov 23, 2019 4:40pm
to get the result, i think an ea wouldnt be that bad to see if more then 2/3 % are winner ....

then it would be more clear
  • #1,170
  • Nov 23, 2019 4:55pm Nov 23, 2019 4:55pm
here.. a lot of things went good f. example...
Attached Image (click to enlarge)
Click to Enlarge Name: Bild1.png Size: 231 KB
  • #1,171
  • Edited 6:21am Dec 4, 2019 5:30am | Edited 6:21am
Hello Matt,
Sorry Matt, I deleted the first question as I found the "reason" by re-looking at the entry which was HalfTrend related. Sincerest apologies.
Also, a screen-shot with the Data Window details (I cannot get it to stay open with readings, so I will write them down for your perusal and comments plse.
It shows in the first line: RSX Tr. Hull. @ 40,9824 followed by....
Value 2 @ same 40.9824 and
Value 4 @ 31,0791.
Kindly confirm which of these values are being read by the EA.
The EA had a brilliant morning, but the usual whipsaws at the top when the volumes are exhausted.
Thanking you for replying.
Continued success to you.
Hercs.
Attached Image (click to enlarge)
Click to Enlarge Name: DataWindow Renko_M10 today 4 Dec 2019.PNG Size: 22 KB
Hercs
  • #1,172
  • Dec 4, 2019 5:23pm Dec 4, 2019 5:23pm
Hey Mathtrader. I am attempting to forward test the Renko ADX EA and it doesn't work on MT4 build 1220. Can it be updated to work?
  • #1,173
  • Dec 4, 2019 9:37pm Dec 4, 2019 9:37pm
Hello Mathtrader7. Would you consider coding an EA for the strategy outlined below?
It uses two indicators. The ssl channel indicator and the Absolute strength Histogram indicator. The ssl acts as the primary entry indicator and the absolute strength histo acts as a secondary confirmation to enter the trade.

Buy signal
-Green ssl channel line crosses over red line
-Blue line for Absolute strength histogram crosses over red line a max of 2 renko bricks preceding signal from ssl or 1 brick after.
-Trade opens on the open of next renko brick.

Sell signal
-Red ssl channel line crosses over green line
-Red line for Absolute strength histogram crosses over blue line a max of 2 renko bricks preceding signal from ssl or 1 brick after.
-Trade opens on open of next renko brick.

Exit signal
-Different colour renko brick or trailing stop.
money management similar to what you coded in the mathtrader7renko EA.

See screenshot attached and indicators attached.

Attached Image (click to enlarge)
Click to Enlarge Name: renko ssl ASH.png Size: 37 KB
Attached File(s)
File Type: zip Absolute-Strength_v1-indicator-for-MetaTrader-4.zip   2 KB | 434 downloads
File Type: zip ssl-channel-chart-alert-indicator.zip   2 KB | 457 downloads
  • #1,174
  • Dec 6, 2019 2:08am Dec 6, 2019 2:08am
Quoting woodyc
Hello Mathtrader7. Would you consider coding an EA for the strategy outlined below? It uses two indicators. The ssl channel indicator and the Absolute strength Histogram indicator. The ssl acts as the primary entry indicator and the absolute strength histo acts as a secondary confirmation to enter the trade. Buy signal -Green ssl channel line crosses over red line -Blue line for Absolute strength histogram crosses over red line a max of 2 renko bricks preceding signal from ssl or 1 brick after. -Trade opens on the open of next renko brick. Sell...
Hi Woodyc,

I've been playing around with the ssl channel - I have attached this mornings (UK) GER30 chart with the indicator, plus a 100SMA line (magenta) with two levels (dotted silver) set on the MA at +20 and -20. I have also set the ssl channel to 100, the Renko bricks are created by MT7's EA set at 20 points. Cheers, Dave
Attached Image (click to enlarge)
Click to Enlarge Name: GER30(£)M3 6.12.png Size: 52 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,175
  • Dec 6, 2019 6:08am Dec 6, 2019 6:08am
Quite a useful trading channel providing S+R's are carefully observed which is a lot easier with MT7's Renko EA (I think so anyway!) : +16
Attached Image (click to enlarge)
Click to Enlarge Name: GER30(£)M3 6.12(2).png Size: 43 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,176
  • Dec 6, 2019 8:17am Dec 6, 2019 8:17am
Hello Matt,
This afternoon I had the EA running on both US30 and GER30.
Here is the result for US30 first.
1. 15h30:00 the EA went short and 15h30:01 switched to long. Brilliantly handled.
The trade was so quick that the short was cancelled when the EA went long for -50 pts.
The long produced +110 when I had to close as we were expecting load-shedding at 16h00.
I will confirm tomorrow whether the trade carried on or not.
2. The same applies to GER30, but in this case, the difference was 0,02 sec.
Have a pleasant weekend.
Hercs.
Attached Image (click to enlarge)
Click to Enlarge Name: Matt re US30_M10 at NFP today 6 Dec 2019.PNG Size: 24 KB
Hercs
  • #1,177
  • Edited 5:47pm Dec 6, 2019 5:13pm | Edited 5:47pm
Dear Matt,
I would like to do a 99.9% backtest on renko No-Gap EURUSD 10 pips... do you have a .fxt file with realtime real ticks of renko No-Gap to share please? Let me know, thank you...
  • #1,178
  • Edited Dec 7, 2019 4:18am Dec 6, 2019 8:58pm | Edited Dec 7, 2019 4:18am
Quoting jo24
Dear Matt, I would like to do a 99.9% backtest on renko No-Gap EURUSD 10 pips... do you have a .fxt file with realtime real ticks of renko No-Gap to share please? Let me know, thank you...
Hi jo24!
I don't use .fxt for 99% backtesting Renko trading EAs. I use the method I described in below post:
https://www.forexfactory.com/showthr...4#post12613944
Trading is the hardest way to make easy money...
  • #1,179
  • Dec 7, 2019 4:30am Dec 7, 2019 4:30am
Quoting Davidh061
Quite a useful trading channel providing S+R's are carefully observed which is a lot easier with MT7's Renko EA (I think so anyway!) : +16 {image}
Good observation! If it doesn't repaint, it looks to be a very good dynamic S/R indicator for Renko charts.
Trading is the hardest way to make easy money...
  • #1,180
  • Dec 7, 2019 4:32am Dec 7, 2019 4:32am
Quoting woodyc
Hello Mathtrader7. Would you consider coding an EA for the strategy outlined below? It uses two indicators. The ssl channel indicator and the Absolute strength Histogram indicator. The ssl acts as the primary entry indicator and the absolute strength histo acts as a secondary confirmation to enter the trade. Buy signal -Green ssl channel line crosses over red line -Blue line for Absolute strength histogram crosses over red line a max of 2 renko bricks preceding signal from ssl or 1 brick after. -Trade opens on the open of next renko brick. Sell...
The system looks to generate too much False Positives (false signals).
Trading is the hardest way to make easy money...
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