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Renko channel - very accurate (assembled by me)

  • #121
  • Apr 27, 2020 6:44pm Apr 27, 2020 6:44pm
Quoting valdecchio
{quote} I have left out some details: I use a VPS, and I receive the halftrend signals, I enter my vps from my smartphone, and in 10 seconds I see whether to enter the market. this is because I need to speed up my trading, I don't have the possibility to be in front of the pc all day. moreover, I started trading in 2006, I can read the price, putting together some indicators does not mean not knowing how to read the price, it means (FOR ME) speeding up the market entry procedure. that's all. and so far after 2 months of trades with this strategy...
What Time Frame are you using mostly for this strategy?
I see pic attached M4.
  • #122
  • Apr 28, 2020 8:41am Apr 28, 2020 8:41am
Quoting BlueRain
{quote} What Time Frame are you using mostly for this strategy? I see pic attached M4.
the renko charts don't have timeframes... you can only choose which chart to build the renko chart in the options: file / Open without connection
  • #123
  • Edited 6:35pm Apr 28, 2020 6:11pm | Edited 6:35pm
Quoting valdecchio
{quote} the renko charts don't have timeframes... you can only choose which chart to build the renko chart in the options: file / Open without connection
In your system, is Renko chart required?
I couldn't make Renko with your EA so I used alternative indicator - STG_RenkoChart which generate offline Renko chart.



I am very interested in your settings as it looks very promising.
I am willing to work with you to fix/improve your indicators/systems if needed.

For this, I have modified TMA ATR band to include two bands so that you can reduce at least one indicator.
This should give identical band and You can turn on/off center line as needed also.
Attached File(s)
File Type: mq4 TMA Double Band Mod.mq4   19 KB | 800 downloads
  • #124
  • Apr 28, 2020 8:35pm Apr 28, 2020 8:35pm
Quoting valdecchio
Hi everybody, today I would like to share with you a strategy that I took a few months to thin .. to the eye it is very simple, based on renko 10pips box charts ... I started in December in assembling a good strategy, putting together some indicators, being very careful not to overdo it in filling the chart, and to date I can say that I have found an excellent system capable of bringing home, from 200 to 500 pips per week, following 3 simple rules. I am also seriously thinking about using this new system as a second job. but there are some angles...
Will you be able to post a video on how to set this up ? I followed your first post and nothing happens.
  • #125
  • Apr 29, 2020 7:55am Apr 29, 2020 7:55am
Quoting rexfobi
{quote} Will you be able to post a video on how to set this up ? I followed your first post and nothing happens.
what do you mean nothing happens?
selecting the template should automatically set everything in the graph.
unless you've copied indicators and EAs to different folders.
  • #126
  • Apr 29, 2020 8:08am Apr 29, 2020 8:08am
Quoting BlueRain
{quote} In your system, is Renko chart required? I couldn't make Renko with your EA so I used alternative indicator - STG_RenkoChart which generate offline Renko chart. I am very interested in your settings as it looks very promising. I am willing to work with you to fix/improve your indicators/systems if needed. For this, I have modified TMA ATR band to include two bands so that you can reduce at least one indicator. This should give identical band and You can turn on/off center line as needed also. {file}
not bad .. I modified it as you see, with the colors and lines, thank you very much ..
just one detail ... have you made any changes to lighten the Ram? many other similar indicators already with only 3 charts loaded, weigh down the PC.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM2.png Size: 57 KB
  • #127
  • Apr 29, 2020 12:35pm Apr 29, 2020 12:35pm
Quoting valdecchio
{quote} not bad .. I modified it as you see, with the colors and lines, thank you very much .. just one detail ... have you made any changes to lighten the Ram? many other similar indicators already with only 3 charts loaded, weigh down the PC. {image}
Nope.

Just quick checking now, TMA is not the cause of slowing down.

1. halftrend - it has 1 loop Bars -1 - so every tick, it will loop whole bar. Also, it has many call itself.
we might be able to change this so that it only once per bar.

2. SemaforAlerts - It has Bars-1 - so every tick, whole bar is recounted.
this one has 4 loops - 4 times load.
we might be able to change this also so that runs it only once per bar.

3. Spearman Rank - not resource hungry.

mainly, semaforalerts is resource hungry - as it is variation of ZigZag x 3 times.

Since you are looking for halftrend signal, we don't need SemaphoreAlerts to be "up-to-date".

We might be just change 1 indicator only and get performance boost.



  • #128
  • Apr 29, 2020 4:05pm Apr 29, 2020 4:05pm
Quoting BlueRain
{quote} Nope. Just quick checking now, TMA is not the cause of slowing down. 1. halftrend - it has 1 loop Bars -1 - so every tick, it will loop whole bar. Also, it has many call itself. we might be able to change this so that it only once per bar. 2. SemaforAlerts - It has Bars-1 - so every tick, whole bar is recounted. this one has 4 loops - 4 times load. we might be able to change this also so that runs it only once per bar. 3. Spearman Rank - not resource hungry. mainly, semaforalerts is resource hungry - as it is variation of ZigZag x 3 times....
I did modify code and compared how it performs - limiting Bar to 1000 and also, once a bar.
however, it didn't help much.

It seems each pair added to chart adds about 80MB of memory.
Since I have a couple of extra indicator, it might be a bit lower for you.

Regardless of bar limit or not, CPU was spiking around 11% when high and around 2-3% when idle or slow time when it is not calculating.

One way to reduce this mem seems to use higher time frame.
When using 1M TF, mem/CPU usage was highest and it reduces when it was H1 or higher.
Please note this doesn't include Renko Chart - it might add extra memory.

if you are using VPS, most of those are virtual machine - means it will run slower when there is a lot of disk read/write.

You might want to upgrade VPS spec - to more Mem and Higher CPU spec - which will cost more.
but, since it is business expense to make more money, I am sure it is something to consider.
Attached Image (click to enlarge)
Click to Enlarge Name: M1-3instance-3-spike once in a while_LI.jpg Size: 84 KB
  • #129
  • Apr 29, 2020 4:49pm Apr 29, 2020 4:49pm
Quoting BlueRain
{quote} Nope. Just quick checking now, TMA is not the cause of slowing down. 1. halftrend - it has 1 loop Bars -1 - so every tick, it will loop whole bar. Also, it has many call itself. we might be able to change this so that it only once per bar. 2. SemaforAlerts - It has Bars-1 - so every tick, whole bar is recounted. this one has 4 loops - 4 times load. we might be able to change this also so that runs it only once per bar. 3. Spearman Rank - not resource hungry. mainly, semaforalerts is resource hungry - as it is variation of ZigZag x 3 times....
ok perfect .... so in your opinion is it worth trying to improve (in the way you listed) these indicators? i am testing as a filter for market entries,
the macd with set: 65-75-35
it doesn't look bad! this week I'll try it!
thank you very much for your interest and your commitment! you see that you are interested in achieving my same goal.
Thank you very much. let's not stop!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM2.png Size: 57 KB
  • #130
  • Apr 29, 2020 8:03pm Apr 29, 2020 8:03pm
Quoting valdecchio
{quote} ok perfect .... so in your opinion is it worth trying to improve (in the way you listed) these indicators? i am testing as a filter for market entries, the macd with set: 65-75-35 it doesn't look bad! this week I'll try it! thank you very much for your interest and your commitment! you see that you are interested in achieving my same goal. Thank you very much. let's not stop! {image}
This is my recommendation:
Since you are looking only top/bottom signal in the zone as signal and get into trade with Halftrend signal, you can remove few indicators.
1. Set 2 unused "SemaphorAlert" periods to 0 - first 2 as 0. - this will reduce 2/3 of processing and memory.
* Now I see CPU usage is reduced by more than 1/2

try first.
if that is not enough, remove Remove RenkoStreet_Channel - this is also redundant.
  • #131
  • Apr 30, 2020 3:37am Apr 30, 2020 3:37am
Quoting BlueRain
{quote} This is my recommendation: Since you are looking only top/bottom signal in the zone as signal and get into trade with Halftrend signal, you can remove few indicators. 1. Set 2 unused "SemaphorAlert" periods to 0 - first 2 as 0. - this will reduce 2/3 of processing and memory. * Now I see CPU usage is reduced by more than 1/2 try first. if that is not enough, remove Remove RenkoStreet_Channel - this is also redundant.
ok man... i'll try !!! thank you very much man... very very kind !!
  • #132
  • Apr 30, 2020 6:39pm Apr 30, 2020 6:39pm
Quoting BlueRain
{quote} This is my recommendation: Since you are looking only top/bottom signal in the zone as signal and get into trade with Halftrend signal, you can remove few indicators. 1. Set 2 unused "SemaphorAlert" periods to 0 - first 2 as 0. - this will reduce 2/3 of processing and memory. * Now I see CPU usage is reduced by more than 1/2 try first. if that is not enough, remove Remove RenkoStreet_Channel - this is also redundant.
I solved it .. I had an EA to generate the old Renko, and it was loading the CPU too much, I inserted a recent one found here on FF. and now it flows like oil! now we just have to smooth the corners of this strategy ... we would have to fix the "Quick TRailing" ea manager but it's not so urgent .. now I'm focusing on how to best filter the hallftrend signals, in order to reduce to the minimum possible losing signals.
  • #133
  • May 1, 2020 5:16am May 1, 2020 5:16am
Quoting valdecchio
{quote} I solved it .. I had an EA to generate the old Renko, and it was loading the CPU too much, I inserted a recent one found here on FF. and now it flows like oil! now we just have to smooth the corners of this strategy ... we would have to fix the "Quick TRailing" ea manager but it's not so urgent .. now I'm focusing on how to best filter the hallftrend signals, in order to reduce to the minimum possible losing signals.
Can you post the new renko biulder?
  • #134
  • Edited 7:18am May 1, 2020 5:49am | Edited 7:18am
I found this

https://www.forexfactory.com/showthread.php?t=684131

Maybe it will help.

And this one too

https://www.forexfactory.com/showthr...535170&page=31
  • #135
  • May 1, 2020 6:08am May 1, 2020 6:08am
Quoting valdecchio
{quote} I solved it .. I had an EA to generate the old Renko, and it was loading the CPU too much, I inserted a recent one found here on FF. and now it flows like oil! now we just have to smooth the corners of this strategy ... we would have to fix the "Quick TRailing" ea manager but it's not so urgent .. now I'm focusing on how to best filter the hallftrend signals, in order to reduce to the minimum possible losing signals.
Hi,

Great !

Now, can you post the complete Trade System ? (The indicators...EA.....and Template)
  • #136
  • May 1, 2020 9:31am May 1, 2020 9:31am
Quoting valdecchio
Hi everybody, today I would like to share with you a strategy that I took a few months to thin .. to the eye it is very simple, based on renko 10pips box charts ... I started in December in assembling a good strategy, putting together some indicators, being very careful not to overdo it in filling the chart, and to date I can say that I have found an excellent system capable of bringing home, from 200 to 500 pips per week, following 3 simple rules. I am also seriously thinking about using this new system as a second job. but there are some angles...

Good Indicator, but I am getting error in EA on 1 minute chart, it's is showing error "Quick trailing GBPUSD, M1: trade operation not allowed by the setting.
Please help.
Attached Image
  • #137
  • May 1, 2020 1:05pm May 1, 2020 1:05pm

GUYS !!!
Go to the first post, I updated the system. I added a script that will help speed up the Renko chart building procedure.
I noticed that many do not yet know how MT4 works ... so I have prepared a folder with 10 screenshots inside with the explanation step by step !!!! (IMPOSSIBLE WRONG!)

  • #138
  • May 1, 2020 1:06pm May 1, 2020 1:06pm
Quoting temp.inbox
{quote} Good Indicator, but I am getting error in EA on 1 minute chart, it's is showing error "Quick trailing GBPUSD, M1: trade operation not allowed by the setting. Please help. {image}
you were wrong, you don't have to use that EA to build the renko chart.
go to the first post and download the new version of the program .. with that you can't go wrong .. it's child proof 4 years
  • #139
  • May 1, 2020 1:27pm May 1, 2020 1:27pm
Dear Valdecchino !

Thanks for all for the effort about your thread. I really like it, will follow you and test the system from the next week.
Some questions: How many pairs do you monitor ? Are there pairs working better ?
Do you use 10 pips of brick size for all pairs ?
Thanks

Szabolcs
  • #140
  • May 1, 2020 2:15pm May 1, 2020 2:15pm
Quoting neilpryde
Dear Valdecchino ! Thanks for all for the effort about your thread. I really like it, will follow you and test the system from the next week. Some questions: How many pairs do you monitor ? Are there pairs working better ? Do you use 10 pips of brick size for all pairs ? Thanks Szabolcs
As i said in the first post, my goal to reach is to have an easy system even for a baby of 5yo, who does not involve spending hours doing technical analysis, (which has tired me after years) and bring this system to become the salary machine.
in the future I intend to quit my job and earn my living only from treding. But being a soldier of the Italian army, my character as a defender of the population, forces me to share something that can help others, especially in this moment when this world is rotten.
and once all of you have this tool to bring home what you need to live, you don't have to worry about anything else .. there will be no wars, pandemics that can close the markets .. forex has existed for thousands of years and it is not a shop that can go bankrupt or close forever.
having said that ... thank you for the compliments.
you will automatically find the bricks at 5 pips, as I noticed that you can get more entry opportunities for each chart, there are no pairs that work better than another, you can also open 50 charts, if you want (you must have a powerful computer to be able to open dozens) I personally have 8 open, I could reach 15 if you want, but other couples have too high spreads. satisfied with a maximum of 10 ... there will not be a single day without having made at least 50 pips
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