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Renko trading using proven strategy

  • #461
  • Jan 3, 2021 9:51pm Jan 3, 2021 9:51pm
Well here is my first trade with this Renko strategy by Hutch and it was profitable right away
I was staring at charts all weekend and found a cycle identifier beneficial to help filter the trades. I still can't figure out what role is the FXBay MACD playing
Maybe Hutch can help?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM67.png Size: 118 KB
Attached File(s)
File Type: mq4 cycle-identifier.mq4   14 KB | 772 downloads
  • #462
  • Jan 4, 2021 2:48am Jan 4, 2021 2:48am
All versions of this indicator that I have seen in the past re-paint....Looks good on a chart after the fact.
R
Ronnie Renko
  • #463
  • Jan 4, 2021 4:04am Jan 4, 2021 4:04am
Quoting eurolinux
Well here is my first trade with this Renko strategy by Hutch and it was profitable right away I was staring at charts all weekend and found a cycle identifier beneficial to help filter the trades. I still can't figure out what role is the FXBay MACD playing Maybe Hutch can help? {image}{file}
How this cycle identifier works?
  • #464
  • Jan 4, 2021 5:40am Jan 4, 2021 5:40am
Quoting eurolinux
Well here is my first trade with this Renko strategy by Hutch and it was profitable right away I was staring at charts all weekend and found a cycle identifier beneficial to help filter the trades. I still can't figure out what role is the FXBay MACD playing Maybe Hutch can help? {image}{file}
Why do you need any filter when you already have his holy grail halftrend ? Just Follow the arrows
  • #465
  • Jan 4, 2021 6:40am Jan 4, 2021 6:40am
Quoting metta87
{quote} Why do you need any filter when you already have his holy grail halftrend ? Just Follow the arrows
If you blindly follow just HT then you loose in range market, take your back tests and will see.....
  • #466
  • Jan 4, 2021 6:54am Jan 4, 2021 6:54am
Quoting teapeak
{quote} If you blindly follow just HT then you loose in range market, take your back tests and will see.....
Have you seen hucth loose with his HT even once, even in a range ? Take your back tests and we'll see....
  • #467
  • Jan 4, 2021 6:58am Jan 4, 2021 6:58am
Quoting pantera1
{quote} sibianaga: the .mq4 file is correct but some of the settings are different than in the .ex4 file you mentioned. Specifically, other than colours and sizes, the MA_shift should be -2, the MA_period should be 1, the Factor should be 1 and the ATRdelta should be 0.57. I'll attach another copy of the .mq4 file here, with these changes made, so the .ex4 file, when compiled, will be identical to the previously posted .ex4 file. In addition, try using Mean Renko bricks. I think you'll find they allow for earlier entries and exits. {file}
Hi,Pantera1.
The halftrend indicator can't appear popup massage of buy alert. please check mq file.and please share.
bestregards. thanks.
  • #468
  • Jan 4, 2021 8:17am Jan 4, 2021 8:17am
Quoting Ced74
All versions of this indicator that I have seen in the past re-paint....Looks good on a chart after the fact. R
You're right cycle indicators do repaint that being said they should. A cycle indicator uses goertzel alego that identifies previous peaks (phase shifts) and based on the intensity it predicts whether the current peak is a phase shift or not with some level of accuracy. To backrest a repainting cycle indicator you need to set a setting which bar to count from which is time consuming.
  • #469
  • Jan 4, 2021 8:34am Jan 4, 2021 8:34am
Quoting Alberto_Jazz
{quote} How this cycle identifier works?
There is a lot of reading regarding time series cycles
https://www.mql5.com/en/forum/179876

https://www.forexfactory.com/thread/...-trend-trading
  • #470
  • Jan 4, 2021 1:24pm Jan 4, 2021 1:24pm
Quoting Akiroo
{quote} Hi,Pantera1. The halftrend indicator can't appear popup massage of buy alert. please check mq file.and please share. bestregards. thanks.
Here you go!
Attached File(s)
File Type: mq4 HalfTrend TT [x5v4].mq4   22 KB | 713 downloads
  • #471
  • Jan 4, 2021 5:03pm Jan 4, 2021 5:03pm
Quoting teapeak
{quote} If you blindly follow just HT then you loose in range market, take your back tests and will see.....
Quoting metta87
{quote} Have you seen hucth loose with his HT even once, even in a range ? Take your back tests and we'll see....
In a range market the Renko bricks do not move much so you could think that you cannot lose but this is false since sometimes the Half Trend TT will give you a bad signal. Bad signals can easily be identified because they usually don't correlate with the direction of the FxBay MACD. GBPUSD is often in a range as you can see in the chart covering the last 2 days below but there were no bad signals. If Renko bricks change direction after 3 bricks you break even or lose a little depending on how fast you entered and closed the trade. With 2 bricks there is a chance to lose a trade because the Half Trend TT sometimes oscillate between giving an arrow or not. Best is to wait until the brick has been totally completed.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM68.png Size: 39 KB
  • #472
  • Jan 4, 2021 5:56pm Jan 4, 2021 5:56pm
Quoting Hutch
{quote} {quote} In a range market the Renko bricks do not move much so you could think that you cannot lose but this is false since sometimes the Half Trend TT will give you a bad signal. Bad signals can easily be identified because they usually don't correlate with the direction of the FxBay MACD. GBPUSD is often in a range as you can see in the chart covering the last 2 days below but there were no bad signals. If Renko bricks change direction after 3 bricks you break even or lose a little depending on how fast you entered and closed the trade....
Where is your last bad trade ?
  • #473
  • Jan 4, 2021 9:33pm Jan 4, 2021 9:33pm
[quote = pantera1; 13342116] {quote}どうぞ！{ファイル} [/ quote]
Hi,pantera1.
Thanks for your sharing.
but, this indicator can't still appear alert popup message of buy signal...
please add coding it.

bestregards. thanks.
  • #474
  • Jan 4, 2021 10:23pm Jan 4, 2021 10:23pm
Took a second trade today and an another winner
AUD/NZD is sloooooow, it was haggling for almost an hour before it started to move
I need to find a better pair that moves during the Sydney/Tokyo session
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM68.png Size: 125 KB
  • #475
  • Jan 5, 2021 3:18am Jan 5, 2021 3:18am
Quoting metta87
{quote} Have you seen hucth loose with his HT even once, even in a range ? Take your back tests and we'll see....
I am talking regarding HalfTrend indie - as you stated it is a grail. No it is not.....otherwise everybody here in this forum is millionaire......
Pantera1 wrote the MA_shift should be -2, which means arrow appears after 2 bricks in real - on history pictures it is nice, try to set it to 0 and you will see the reality. Trading only with this one indicator is not leading to victory.
  • #476
  • Jan 5, 2021 7:39am Jan 5, 2021 7:39am
Quoting teapeak
{quote} I am talking regarding HalfTrend indie - as you stated it is a grail. No it is not.....otherwise everybody here in this forum is millionaire...... Pantera1 wrote the MA_shift should be -2, which means arrow appears after 2 bricks in real - on history pictures it is nice, try to set it to 0 and you will see the reality. Trading only with this one indicator is not leading to victory.
I've seen in repainting yesterday on USD/JPY so yes it can get you in a trade and than the arrow disappears. This is mentioned in the info.txt you can use the NRP version that will paint the arrows one bar late. Nothing is a holly grail, the key is the filter the signals. The cycle identifier seems to help, I can't find a use for the FX Bay MACD, it's almost never below zero when the half trend signals a sell or above when buy
  • #477
  • Jan 5, 2021 10:08am Jan 5, 2021 10:08am
Quoting Hutch
Bad signals can easily be identified because they usually don't correlate with the direction of the FxBay MACD.
Could kindly better explain how do you filter signals with FxBay MACD ?

Thank you
  • #478
  • Jan 5, 2021 11:47am Jan 5, 2021 11:47am
Quoting teapeak
{quote} I am talking regarding HalfTrend indie - as you stated it is a grail. No it is not.....otherwise everybody here in this forum is millionaire...... Pantera1 wrote the MA_shift should be -2, which means arrow appears after 2 bricks in real - on history pictures it is nice, try to set it to 0 and you will see the reality. Trading only with this one indicator is not leading to victory.
my post above about the holy grail was just sarcasm. I already know that it repaints and those arrows look good just in hindsight, i told this many time to hutch early on in this very thread.. Hutch is the one fooling noobs here pretending he is trading those arrows live when he himself wasnt aware that his HT is repainting. I hope it is clear now.
  • #479
  • Jan 5, 2021 2:00pm Jan 5, 2021 2:00pm
Quoting metta87
{quote} my post above about the holy grail was just sarcasm. I already know that it repaints and those arrows look good just in hindsight, i told this many time to hutch early on in this very thread.. Hutch is the one fooling noobs here pretending he is trading those arrows live when he himself wasnt aware that his HT is repainting. I hope it is clear now.
Aren't you the clever one for saving all the "noobs" from sure bankruptcy! Once again, you completely miss the point of this thread.
  • #480
  • Jan 5, 2021 2:19pm Jan 5, 2021 2:19pm
Quoting eurolinux
{quote} There is a lot of reading regarding time series cycles https://www.mql5.com/en/forum/179876 https://www.forexfactory.com/thread/...-trend-trading
I seem this indicator works like zig-zag, so it repaints on every new high/low.
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