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Renko Trading Discussion

  • #1,201
  • Dec 17, 2019 4:41am Dec 17, 2019 4:41am
and guess what...13300. I would rather take a 2:1 R:R trade to start the day and let other trades run further - like buses, there will be another one along soon!
Attached Image (click to enlarge)
Click to Enlarge Name: GER30H1 1712.png Size: 56 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,202
  • Dec 17, 2019 5:43am Dec 17, 2019 5:43am
Thinking too much about what to have for lunch so a quickie here for +5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3 1712 (2).png Size: 44 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,203
  • Dec 18, 2019 2:38am Dec 18, 2019 2:38am
Quoting Davidh061
and guess what...13300. I would rather take a 2:1 R:R trade to start the day and let other trades run further - like buses, there will be another one along soon! {image}
I forgot to mention yesterday - apologies for posting a non Renko (H1) chart on this Renko thread. I wanted to present a day view of the GER30 market, unfortunately the GER30 generally prints a lot of bricks at 2 pips per brick, so I couldn't fit a day view into a single screen shot even if I zoomed out to make it really tiny!
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,204
  • Dec 18, 2019 5:07am Dec 18, 2019 5:07am
This is Version 1.03 of MathTrader7_KohonezEA EA that trades on non-gap Renko charts.

Below is a backtest on EURUSD, 10 pips non-gap Renko chart from 2018-01-02 till 2019-11-01 (real ticks),
Attached Image (click to enlarge)
Click to Enlarge Name: MathTrader7_KohonezEA_v103_BT.png Size: 45 KB
Attached File(s)
File Type: ex4 MathTrader7_KohonezEA.ex4   60 KB | 1,042 downloads
Trading is the hardest way to make easy money...
  • #1,205
  • Dec 18, 2019 5:24am Dec 18, 2019 5:24am
Quoting MathTrader7
This is Version 1.03 of MathTrader7_KohonezEA EA that trades on non-gap Renko charts. Below is a backtest on EURUSD, 10 pips non-gap Renko chart from 2018-01-02 till 2019-11-01 (real ticks),{image} {file}
Hi Matt,

As you are probably aware I am very "hands on" with my trading, for the most part I don't understand what all these EA's do but I am always open to learning! Please can you tell me a bit more about this?

Best wishes, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,206
  • Dec 18, 2019 5:28am Dec 18, 2019 5:28am
Quoting Davidh061
{quote} Hi Matt, As you are probably aware I am very "hands on" with my trading, for the most part I don't understand what all these EA's do but I am always open to learning! Please can you tell me a bit more about this? Best wishes, Dave
Hi Dave!

The original idea is not mine, it is based on the post below,
https://www.forexfactory.com/showthr...63#post8694363

Best,
Matt
Trading is the hardest way to make easy money...
  • #1,207
  • Dec 18, 2019 5:36am Dec 18, 2019 5:36am
Quoting MathTrader7
{quote} Hi Dave! The original idea is not mine, it is based on the post below, https://www.forexfactory.com/showthr...63#post8694363 Best, Matt
I'll take a look, many thanks Matt!
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,208
  • Dec 18, 2019 6:09am Dec 18, 2019 6:09am
Quoting Davidh061
{quote} I'll take a look, many thanks Matt!
Hi Matt, Not too dissimilar from what I'm doing, only automated. I might give it a try. Anyway back to the GER30, sluggish morning; A lower low followed by a pull back into a bit of consolidation - thought it would go shorter than this, stopped out at BE +3 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3 18.12(1).png Size: 49 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,209
  • Dec 18, 2019 6:27am Dec 18, 2019 6:27am
....of course it went lower, to my target!
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3 18.12 (2).png Size: 50 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,210
  • Dec 18, 2019 7:45am Dec 18, 2019 7:45am
Ive had a couple of questions about the channel I use - it is very straightforward, this is the template:
Attached File(s)
File Type: tpl 100 SMA.tpl   3 KB | 293 downloads
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,211
  • Dec 19, 2019 4:30am Dec 19, 2019 4:30am
DAX delivers again; short for +30 pips. I think this could be my last trade of 2019! A mixed year, improved of late by concentrating on the GER30.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3 19.12 (1).png Size: 47 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,212
  • Dec 20, 2019 10:56am Dec 20, 2019 10:56am
I use a renko chart and an indicator together.
I hope this idea helps you develop EA.
(sorry for my english)

renko chart = 100 point
renko indicator1 = 200 point, shift = 50
renko indicator2 = 300 point, shift = 33.3

Donchian Channel is for reference

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM10.png Size: 20 KB


Attached File(s)
File Type: mq4 _Morsche_iRenko.mq4   7 KB | 312 downloads
  • #1,213
  • Dec 23, 2019 5:09am Dec 23, 2019 5:09am
Math trader
Please where can i get the current info on the renko street 1.7 ,1.8, 1.9 ea which you were working on
  • #1,214
  • Dec 23, 2019 1:49pm Dec 23, 2019 1:49pm
Quoting FX.PipEngine
Math trader Please where can i get the current info on the renko street 1.7 ,1.8, 1.9 ea which you were working on
Those are very old versions. I think you can find them in the corresponding thread if you search for them....
Trading is the hardest way to make easy money...
  • #1,215
  • Dec 24, 2019 12:14pm Dec 24, 2019 12:14pm
Quoting MathTrader7
{quote} Those are very old versions. I think you can find them in the corresponding thread if you search for them....
So please what the latest from your own point of view on the renko ea's

Also please I wouldn't mind if you can share the principles behind the ea's taking positions so as to have a better understanding of what we are are working with and also have our eyes out for future bugs.....thanks in advance and Earnestly waiting for your reply
  • #1,216
  • Dec 24, 2019 2:45pm Dec 24, 2019 2:45pm
Quoting FX.PipEngine
{quote} So please what the latest from your own point of view on the renko ea's Also please I wouldn't mind if you can share the principles behind the ea's taking positions so as to have a better understanding of what we are are working with and also have our eyes out for future bugs.....thanks in advance and Earnestly waiting for your reply
Please read Post 1! You will find Version 3.36 (latest) there...
Trading is the hardest way to make easy money...
  • #1,217
  • Dec 24, 2019 8:07pm Dec 24, 2019 8:07pm
Please is it possible for all the ea's to use a money management structure based on percentage of account and not fixed lot size or a selection for all like the renko adx
  • #1,218
  • Dec 26, 2019 2:08pm Dec 26, 2019 2:08pm
Please math trader can you help me code this renko ea
Buy entry- a new green brick appears after closing above the 20ema(selectable though)
Buy exit- exit after four more green bricks from open
Stop loss- 2×brick size + spread
Same rule for sell entries
Lot size should be- (X% of account)/(2×brick size (in points) + spread)
Trailing stop prevent

Thanks in advance
  • #1,219
  • Dec 26, 2019 2:15pm Dec 26, 2019 2:15pm
Quoting FX.PipEngine
Please math trader can you help me code this renko ea Buy entry- a new green brick appears after closing above the 20ema(selectable though) Buy exit- exit after four more green bricks from open Stop loss- 2×brick size + spread Same rule for sell entries Lot size should be- (X% of account)/(2×brick size (in points) + spread) Trailing stop prevent Thanks in advance
Please a correction take profit should be 9×brick size + spread
  • #1,220
  • Dec 28, 2019 7:01am Dec 28, 2019 7:01am
Hi Matt,
After much forward testing on a live account, my conclusion is that we need one more (and final ) addition to make my EA function better.
The problem is during slow markets such as what we had this last week and if I am not at my desk, it takes the correct entry, but against the TREND and I have to close it manually.
Could you please somewhere in your busy schedule, find a few minutes to add a 55-ema Hi/Lo or 55-ema-Trend Envelope as the final filter. Trades only are taken long when the price is above the 55-ema Tr.Env. and vice versa.
That would be my final request regarding a tweak.
Thanking you most sincerely for your kindness accorded us all here.
Best wishes,
Hercs.
Hercs
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