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Renko Bounce Trade

  • #261
  • Aug 15, 2018 2:34pm Aug 15, 2018 2:34pm
Quoting MathTrader7
Version 1.00 of the Renko Bounce EA released (I updated Post 1). This version has been programmed from scratch. Note: THIS IS AN EXPERIMENTAL VERSION. PLEASE REPORT ANY BUGS YOU MAY ENCOUNTER
Im going to give this a go! Thanks for your work...
  • #262
  • Aug 17, 2018 10:53am Aug 17, 2018 10:53am
I'll be starting an EA test again next week. Few questions.

In visual backtesting I've seen best win rate would be only one block after entry... If I wanted to set that in the EA my risk would need to be 0.5 or 0.3? Which one?

Looking forward to next week!
  • #263
  • Aug 17, 2018 11:17am Aug 17, 2018 11:17am
Quoting stubish
I'll be starting an EA test again next week. Few questions. In visual backtesting I've seen best win rate would be only one block after entry... If I wanted to set that in the EA my risk would need to be 0.5 or 0.3? Which one? Looking forward to next week!
Set it to 0.3

P.S. How was the results in the first week?
Trading is the hardest way to make easy money...
  • #264
  • Aug 17, 2018 12:20pm Aug 17, 2018 12:20pm
A backtest of the EA on EURUSD, 10 pips Renko bricks:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MT7_RenkoBounceEA_BT01.png Size: 26 KB
Click to Enlarge Name: settings.png Size: 35 KB
Trading is the hardest way to make easy money...
  • #265
  • Aug 19, 2018 7:36pm Aug 19, 2018 7:36pm
Hey @mathtrader7 I didn't actaully run the test... my home PC (testing rig) updated automatically and restarted... I'll set it going now and report back in a week...

I do have a few notes from early on.

- could we consider only taking trades in the direction of the higher trend? something simple like a 200ma or other well established trend identifier?
- for some reason, if I restart my MT4 the EA complains that it needs a demo account before the account (a demo) logs in...

Thanks for all your work!
  • #266
  • Edited 8:16am Aug 20, 2018 2:18am | Edited 8:16am
Quoting stubish
Hey @mathtrader7 I didn't actaully run the test... my home PC (testing rig) updated automatically and restarted... I'll set it going now and report back in a week... I do have a few notes from early on. - could we consider only taking trades in the direction of the higher trend? something simple like a 200ma or other well established trend identifier? - for some reason, if I restart my MT4 the EA complains that it needs a demo account before the account (a demo) logs in... Thanks for all your work!
Hi stubish,
The idea of using a trend filter may produce better results. I will test it.
The current version of the EA is experimental and runs on demo accounts until we have some forward test results to make sure that the EA is not going to blow up the accounts.
Trading is the hardest way to make easy money...
  • #267
  • Sep 3, 2018 1:33am Sep 3, 2018 1:33am
Well given the risk reward is all out of whack I can tell you with the current SL the one box TP is a looser, at least over the last few weeks. It's possible that if we can let profits run this may be ok but that's a little way off...
  • #268
  • Sep 3, 2018 4:06am Sep 3, 2018 4:06am
Quoting stubish
Well given the risk reward is all out of whack I can tell you with the current SL the one box TP is a looser, at least over the last few weeks. It's possible that if we can let profits run this may be ok but that's a little way off...
Hi stubish!

Without any forward test, I could say that it wouldn't be profitable with a TP = 1-brick. I recommend you to forward test the EA with the input settings I uploaded in Post 264.

Best,
Matt
Trading is the hardest way to make easy money...
  • #269
  • Oct 31, 2018 12:32pm Oct 31, 2018 12:32pm
hello,could somebody help me?
I can not attach EA to the chart,says error, though i downloaded renko builder from the nongaprenko thread...
Attached Image (click to enlarge)
Click to Enlarge Name: renko.PNG Size: 42 KB
  • #270
  • Jun 21, 2019 9:40pm Jun 21, 2019 9:40pm
Can I help me please.
I add MathTrader7_ATRBands.ex4 with alert when the Renko's bricks bound upper or lower band. But the alert repeats any time each seconds. So can i help me to setting that indicator for alert only one time.
  • #272
  • Jan 12, 2021 3:17am Jan 12, 2021 3:17am
Hi all, not easy trading conditions during 2020 (personally), so I decided to kick off the year with a bit of demo work and revisit MT7's ATR bands, using the latest version. I think this works best on larger bricks (10pip) but the addition of a second chart using smaller bricks (5 pip) to pick out potential obstacles helps refine the process. These brick sizes work OK on the DAX, I haven't tried any other instruments. Here's one I made earlier Entry at 13950, closed at 13965, +15 pips.

Another thing that is helpful using a smaller brick size for entry is the amount of movement during the formation of the 20 pip reversal brick (using MT7's non gap Renko EA)

Someone mentioned earlier in the thread that they couldn't stop the alarm ringing if it set to go off on contact with the ATR band, neither could I! Cheers, Dave
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 12_01.png Size: 82 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #273
  • Jan 13, 2021 7:48am Jan 13, 2021 7:48am
Version 1.00 of an adaptive version of the indicator released. In this version the indicator algorithm tries to find the best parameters to reduce the number of false signals. I have also fixed the problem with multiple Alerts. (I updated Post 1).
Trading is the hardest way to make easy money...
  • #274
  • Jan 14, 2021 6:34pm Jan 14, 2021 6:34pm
MT7_RenkoBounceEA has any error : The EA is compiled with MT4 build number 1126
  • #275
  • Jan 15, 2021 4:16am Jan 15, 2021 4:16am
Quoting anangnang
MT7_RenkoBounceEA has any error : The EA is compiled with MT4 build number 1126
I am working on a new version of the EA which will use the adaptive version of the indicator.
Trading is the hardest way to make easy money...
  • #276
  • Jan 15, 2021 4:25am Jan 15, 2021 4:25am
Quoting MathTrader7
{quote} I am working on a new version of the EA which will use the adaptive version of the indicator.
Hi Matt, I hope you are well. I've been running the adaptive version on my demo account comparing it with the original on my live account. I generally enter a trade a brick (100 pt.) after the reverse brick which seems to work OK on the DAX, I haven't tried it on another instrument. I find this and using a 50pt. chart as well mostly overcomes false signals. Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #277
  • Jan 15, 2021 7:26am Jan 15, 2021 7:26am
Two trades long off 13860, two BE+1! 5 pip and 10 pip charts
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 15_01c.png Size: 60 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #278
  • Jan 16, 2021 3:02am Jan 16, 2021 3:02am
Hi,
I am interested by the EA too.
I currently test (manually) entry point when the adaptive channel is/was outside or very close to the renkostreet channel.
so the RenkoStreet signal is a preliminary signal.
MathTrader7: feel free to add this filter with the possibility to disable it.
The example below is the french index with renko of 10 points.
Attached Image (click to enlarge)
Click to Enlarge Name: e8f2ccfce98cf9c908b3a5ed30355ac5.png Size: 19 KB
  • #279
  • Jan 19, 2021 5:27am Jan 19, 2021 5:27am
DAX long, +15 from 13880, 5 pip and 10 pip charts
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 18_01c.png Size: 64 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #280
  • Jan 21, 2021 2:33am Jan 21, 2021 2:33am
+5 short DAX from 13990, thought it might go a bit further, a bounce off 14020 would be nice. 5&10 pip bricks
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 21_01c.png Size: 62 KB
Everything should be made as simple as possible, but no simpler - Einstein
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