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Lets Automate a Simple Renko Strategy!

  • #2,741
  • Jul 21, 2020 3:31pm Jul 21, 2020 3:31pm
Some people had problem with the zip file at post #2,738 so here are the individual files.
Attached File(s)
File Type: ex4 FXBay_-_MACD.ex4   10 KB | 729 downloads
File Type: ex4 HalfTrend TT [x5v4].ex4   27 KB | 731 downloads
File Type: ex4 Infoboard.ex4   63 KB | 664 downloads
File Type: ex4 STG_RenkoChart.ex4   143 KB | 739 downloads
File Type: ex4 STG_RenkoChart_Remote.ex4   117 KB | 751 downloads
File Type: ex4 MA_Cross_Alert_Once_a.ex4   19 KB | 722 downloads
  • #2,742
  • Jul 29, 2020 2:03pm Jul 29, 2020 2:03pm
Quoting Hutch
Some people had problem with the zip file at post #2,738 so here are the individual files. {file} {file} {file} {file} {file} {file}
Hi,

Thanks for the setup... looks promising.
Just wondering if you've tried to automate this strategy with either renko EA's in this post?
Wondering if we could open on a yellow arrow and close on the opposite yellow arrow... is there someone who could make such an EA watching this post?

Cheers!!
  • #2,743
  • Jul 29, 2020 3:06pm Jul 29, 2020 3:06pm
Quoting ryan.c
{quote} Hi, Thanks for the setup... looks promising. Just wondering if you've tried to automate this strategy with either renko EA's in this post? Wondering if we could open on a yellow arrow and close on the opposite yellow arrow... is there someone who could make such an EA watching this post? Cheers!!
The simple answer is no because I don't trust EAs
  • #2,744
  • Jul 30, 2020 2:42am Jul 30, 2020 2:42am
Quoting Hutch
{quote} The simple answer is no because I don't trust EAs
Hi

I ouldn't let EA trade 24 hours a day. If I can control it why not?

An example of a quick scalp. EA closed positions on my terms.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: gen1.png Size: 2 KB
if you're doing we all have results with all
  • #2,745
  • Jul 30, 2020 9:32am Jul 30, 2020 9:32am
Quoting jarfx05
{quote} Hi I ouldn't let EA trade 24 hours a day. If I can control it why not? An example of a quick scalp. EA closed positions on my terms. {image}{image}
Nice trade. What is your brick size?
  • #2,746
  • Jul 30, 2020 10:17am Jul 30, 2020 10:17am
Quoting Hutch
{quote} Nice trade. What is your brick size?
These are 1pip bricks. The key is to sense the moment correctly because the little bricks generate a lot of worthless signals.

One good trade is enough.
if you're doing we all have results with all
  • #2,747
  • Aug 9, 2020 3:59pm Aug 9, 2020 3:59pm
Quoting gizmo96
Third is the Renko Pure Candle auto-trading by Steve Hopwood EA. {image}
Could someone give a link where I can follow result of this EA today
  • #2,748
  • Edited 3:51pm Aug 18, 2020 3:10pm | Edited 3:51pm
Quoting IAmRetep
Hello, here a diagram for a "quick and dirty" EA. If you think, we can talk about it, here is the source. Made with ForexGenerator and "Copy and paste". Have fun and let me know, how we can improve it. {image} {file}
you should implement following
1/ Consolidation, break and retest, wait on full retest completed then enter
2/ Pullback, bounce and retest, wait on complete retest then enter

for exit try elders_impulse
  • #2,749
  • Aug 25, 2020 7:09pm Aug 25, 2020 7:09pm
Hi, before I found that topic I was using a configuration that is very similar to what I saw here.
The no-gap MathTrader7_RenkoChartCreatorEA.
Moving averages of 200 and 50 sma.
I adjust the size of the brick also comparing the averages of 200 and 50 of a common M15 chart, of course that of the reko is more harmonious with the price.
Gold use a 250 brick and 100 gbpusd.
Bolinger bands 10 deviation 10.
Stocastico confirm entries with B Bolinger.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM6.png Size: 91 KB
Attached File(s)
File Type: mq4 WP_Rico3.mq4   23 KB | 570 downloads
File Type: mq4 BB stops (renko) 1.3.mq4   20 KB | 642 downloads
File Type: mq4 _Stochastic_Cross_Alert_SigOverlayM_cw.mq4   6 KB | 565 downloads
File Type: tpl Renko.tpl   243 KB | 529 downloads
  • #2,750
  • Aug 25, 2020 8:47pm Aug 25, 2020 8:47pm
Quoting jarfx05
{quote} Hi I ouldn't let EA trade 24 hours a day. If I can control it why not? An example of a quick scalp. EA closed positions on my terms. {image}{image}

Hello jarfx05 can you share the EA?

Thanks in advance.
  • #2,751
  • Aug 25, 2020 8:56pm Aug 25, 2020 8:56pm
An interesting observation, the upward crossing of the stoc and the macd with the zero line, is not a false signal, as they are only hidden bearish divergences.
The hidden and regular differences are apparently infallible in the renko.
It shows the concept of effort and result, the indicator showed the effort to rise, but the price did not show the result, it shows that there were more sellers.
We see this idea in volume and we can transfer it to the oscillator.
Can anyone tell me the logic of HalfTrend, I met now.
Attached Image (click to enlarge)
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  • #2,752
  • Aug 26, 2020 2:10pm Aug 26, 2020 2:10pm
Quoting Sorobanista
An interesting observation, the upward crossing of the stoc and the macd with the zero line, is not a false signal, as they are only hidden bearish divergences. The hidden and regular differences are apparently infallible in the renko. It shows the concept of effort and result, the indicator showed the effort to rise, but the price did not show the result, it shows that there were more sellers. We see this idea in volume and we can transfer it to the oscillator. Can anyone tell me the logic of HalfTrend, I met now. {image}
Nice parallel Renko chart. All half trend indicators are designed to generate signals in the direction of the overall trend and can’t be used to trade against the trend. Half trend indicator are suitable for scalping, day trading and swing trading on any timeframe but I think they work best with range bars and renko bricks because the trend is more consistent.
  • #2,753
  • Sep 6, 2020 6:03pm Sep 6, 2020 6:03pm
Does anyone have a renko EA for backtest on the strategy examiner?
  • #2,754
  • Sep 24, 2020 9:27pm Sep 24, 2020 9:27pm
Quoting shreyash
Hey, I have been trading a simple Renko strategy for quiet some time now and it yields some very decent profits. Now I want to automate this strategy into an EA so that we dont have to wait for Renko bars to paint for long hours. The whole concept is about keeping the trading strategy simple yet Accurate & Profitable! Ok guys so lets first see how to build a Renko chart. How to Install renko EA: 1. Open 1Min Chart 2. Attach your Renko EA (i.e. Renko_Mod.mq4) 3. Settings for this EA are : RenkoBoxSize=10.0 RenkoBoxOffset=0 RenkoTimeFrame=2...
Do you have this Renko Mod.mq4 in MT5? Thanks
  • #2,755
  • Oct 15, 2020 8:09am Oct 15, 2020 8:09am
Quoting Hutch
Some people had problem with the zip file at post #2,738 so here are the individual files. {file} {file} {file} {file} {file} {file}
Since there is always a way to improve here is an EA to manage trades. I especially like the reverse option.
Attached File(s)
File Type: ex4 ChartTraderv02.00.ex4   91 KB | 604 downloads
File Type: pdf Chart Trader.pdf   46 KB | 908 downloads
  • #2,756
  • Oct 15, 2020 8:42am Oct 15, 2020 8:42am
Keep posting Hutch.....I am sure many folks are interested...One needs to find their own Niche...Indicators only follow price so one needs to watch and learn patterns....I always have Candle charts running...Taken me 20 years of Renko trading.
R
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Ronnie Renko
  • #2,757
  • Oct 15, 2020 9:09am Oct 15, 2020 9:09am
I mainly trade Gold these days.
R
Attached Image (click to enlarge)
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Ronnie Renko
  • #2,758
  • Oct 15, 2020 11:09am Oct 15, 2020 11:09am
[引文]我这几天主要交易黄金。R{Image}[/引号]
Can you share your indicators and templates? thank you
  • #2,759
  • Dec 27, 2020 6:25pm Dec 27, 2020 6:25pm
Quoting MathTrader7
Here is Version 2.87 of the EA that lets the user disable exit-by-opposite-candle. {file}
Guys who knows how i can get in touch with @MathTrader, i really appreciate this manz work and i want to learn how to automate my strategies based on Renko charts
  • #2,760
  • Dec 28, 2020 2:52pm Dec 28, 2020 2:52pm
Quoting garymarvin58
{quote} Guys who knows how i can get in touch with @MathTrader, i really appreciate this manz work and i want to learn how to automate my strategies based on Renko charts
Just send him a personal message (PM) located on your home page at the bottom right of the screen. Just use his ID "MathTrader7"
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