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Renko Trading Discussion

  • #1,281
  • Mar 24, 2020 5:54pm Mar 24, 2020 5:54pm
How to backtest renko with real ticks?
  • #1,282
  • Apr 8, 2020 5:23am Apr 8, 2020 5:23am
More S&R fun this morning; +15 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM4 08_04.png Size: 42 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,283
  • Apr 9, 2020 2:47pm Apr 9, 2020 2:47pm
Renko trading system.

Simple Scalping ....
signal and aim only one box.
- Graphic: MathTrader7_RenkoChartCreatorEA.
-Indicator: IINWMARROWS_WITH_ALERT

Attached Image (click to enlarge)
Click to Enlarge Name: Captura.JPG Size: 80 KB


¨SOMEONE COULD CODE AN EA THANK YOU¨
  • #1,284
  • Edited Apr 10, 2020 1:42am Apr 9, 2020 11:57pm | Edited Apr 10, 2020 1:42am
Quoting Rce
Renko trading system. Simple Scalping .... signal and aim only one box. - Graphic: MathTrader7_RenkoChartCreatorEA. -Indicator: IINWMARROWS_WITH_ALERT {image} ¨SOMEONE COULD CODE AN EA THANK YOU¨
Are there any recommendations on the size of renko for a particular currency pair?
What indicator settings are you using?
Thanx.
  • #1,285
  • Apr 10, 2020 10:14am Apr 10, 2020 10:14am
I put all the data waiting for some encoder. But it can also be done manually. If you have more questions I will answer them
GBPUSD.
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  • #1,286
  • Edited 11:51pm Apr 11, 2020 12:25am | Edited 11:51pm
Quoting Rce
I put all the data waiting for some encoder. But it can also be done manually. If you have more questions I will answer them GBPUSD.{image} {image}

EA link: https://1drv.ms/u/s!AkYJgHhkRY4Ngalh...__Vzg?e=XIQ2kU
) Disclaimer: The EA is delivered "as is". It is recommended to test on a demo account first.

If the param "IsReliableSignal" = false, then read the arrow on the 1st renko, otherwise - on the 2nd.
The param "Units" - number of minimum lot sizes.

P.S.
For those who do not have an account in OneDrive, I’ll leave the bot right here.
And the indicator used is also.
Attached File(s)
File Type: ex4 e-msRenko_IINWMARROWS_1Bar.ex4   67 KB | 362 downloads
File Type: ex4 IINWMARROWS_WITH_ALERT.ex4   13 KB | 392 downloads
  • #1,287
  • Edited Apr 13, 2020 12:30am Apr 12, 2020 10:19pm | Edited Apr 13, 2020 12:30am
The version without alerts.
Attached File(s)
File Type: ex4 e-msRenko_IINWMARROWS_1Bar.ex4   69 KB | 272 downloads
File Type: ex4 IINWMARROWS.ex4   11 KB | 298 downloads
  • #1,288
  • Apr 13, 2020 2:24am Apr 13, 2020 2:24am
beautiful
pretty just
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  • #1,289
  • Apr 13, 2020 3:46am Apr 13, 2020 3:46am
look
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  • #1,290
  • Apr 13, 2020 5:32am Apr 13, 2020 5:32am
hello Mapseam
You could make the ea work like this:
1 only one operation after the IINWMARROWS indi signal
following its direction (sl 10pips tp 5)
2 option only buy or only sell (in the current ea if the trend is down and you only buy each candle make an operation that is loser)
Thanks a lot
stings like a bee flies like a butterfly
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  • #1,291
  • Edited 5:54am Apr 13, 2020 5:32am | Edited 5:54am
Quoting Rce
look {image}
Added parameter "TradeDirection" - determines the direction of trade.

P.S.
Be sure to download and update the attached indicator - it clearly indicates what is the default value.
Then the EA should no longer open a deal on every renko.
Attached File(s)
File Type: ex4 e-msRenko_IINWMARROWS_1Bar.ex4   70 KB | 334 downloads
File Type: ex4 IINWMARROWS.ex4   11 KB | 314 downloads
  • #1,292
  • Apr 13, 2020 8:36am Apr 13, 2020 8:36am
Hello Mapseam, and thank you for your work!
Do I need to first open an offline Renko chart using a different ea, the apply the ea, or does the ea generate a Renko chart itself?
Thank you for your help!!
  • #1,293
  • Apr 13, 2020 9:24am Apr 13, 2020 9:24am
Quoting Sam Kimball
Hello Mapseam, and thank you for your work! Do I need to first open an offline Renko chart using a different ea, the apply the ea, or does the ea generate a Renko chart itself? Thank you for your help!!
Hi, Sam!
1. Open the chart of the instrument you need on the M1 timeframe;
2. Put EA "MathTrader7_RenkoChartCreatorEA.ex4" on the open chart; in the window that appears, specify the parameters (for example, the size of the renko) and click the "OK" button;
3. A window should automatically open with an offline chart presented in the form of a renko;
4. Place on the offline chart the EA published by me, and then, if desired, an indicator.

Important! The 1M timeframe chart with the EA "MathTrader7_RenkoChartCreatorEA.ex4"- Do Not Close!
  • #1,294
  • Apr 13, 2020 9:40am Apr 13, 2020 9:40am
Thank you once again Mapseam, and stay safe out there!
  • #1,295
  • Apr 13, 2020 9:51am Apr 13, 2020 9:51am
Added filter by "heavy" MA.

By default, disabled (the param "IsHeavyMAAsFilter" = false).
All MA parameters are customizable.

Warning! The minimum value of the parameter "HeavyMAPeriod" = 50.
Attached File(s)
File Type: ex4 e-msRenko_IINWMARROWS_1Bar.ex4   72 KB | 296 downloads
  • #1,296
  • Apr 13, 2020 2:53pm Apr 13, 2020 2:53pm
retracement of the uptrend and the buying operations will lose money.
if we solve this it will be perfect.
I don't know if my ea configuration is good.
Mapseam thank you very much
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  • #1,297
  • Apr 13, 2020 11:31pm Apr 13, 2020 11:31pm
Quoting Rce
retracement of the uptrend and the buying operations will lose money. if we solve this it will be perfect. I don't know if my ea configuration is good. Mapseam thank you very much {image}
“Heavy” MA is used in the standard way: if the last closing price is higher than the last MA and a buy signal has arrived, then we buy.
For sales - mirror (below, a sell signal, we sell).

Another thing is that EA buys on a bear renko, and even on neighboring renko - this is strange.
Well, I added a check that the last bar is bullish for buying. For sales - mirror.

!!! Yes, you also need to make sure that the EA uses exactly the latest, most recent, version of the indicator!
Attached File(s)
File Type: ex4 e-msRenko_IINWMARROWS_1Bar.ex4   73 KB | 308 downloads
  • #1,298
  • Apr 13, 2020 11:34pm Apr 13, 2020 11:34pm
Plotting price changes is really useful.Good Insight.
  • #1,299
  • Apr 13, 2020 11:51pm Apr 13, 2020 11:51pm
I refuse the “heavy” MA as a filter.
However, not really.

The filter is applied, as in this post: https://www.forexfactory.com/showthr...63#post8694363
Attached File(s)
File Type: ex4 e-msRenko_IINWMARROWS_1Bar.ex4   71 KB | 281 downloads
  • #1,300
  • Edited 8:56am Apr 14, 2020 7:49am | Edited 8:56am
Also, when using the latest EA release, I was faced with the fact that the signal goes to neighboring renko.
I attribute this to the fact that the EA receives unconfirmed signals (signals that can be redrawn).
In this regard, he tightened the filter - a signal is taken into operation, which arose immediately after the renko color change.

(The param IsUse2MAFilter = false, by default) - determines whether we will "obey" the relative positions EMA(21) and EMA(200).
Attached File(s)
File Type: ex4 e-msRenko_IINWMARROWS_1Bar.ex4   73 KB | 304 downloads
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