Renko Trading Discussion

Quoting victoorlh

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{quote} Hi! yes, you're rigth, for the same reason, that the DAX is very volatile, I only invest in the first hour of the market opening with a lot of volume (9AM Spanish time), to take large and fast operations and I use very fast renko blocks of two pips to, at least, put on breakeven the trade, and for that reason I also use a lot of lots (risking very few pips, obviously). (Also, in order not to overtrade, I only do 3 trades a day in the direction in which the analysis of the chart in 5MIN tells me it will go, and If I reach 4% losses in one...

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Quoting victoorlh

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{quote} Hi! yes, you're rigth, for the same reason, that the DAX is very volatile, I only invest in the first hour of the market opening with a lot of volume (9AM Spanish time), to take large and fast operations and I use very fast renko blocks of two pips to, at least, put on breakeven the trade, and for that reason I also use a lot of lots (risking very few pips, obviously). (Also, in order not to overtrade, I only do 3 trades a day in the direction in which the analysis of the chart in 5MIN tells me it will go, and If I reach 4% losses in one...

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Quoting vonmunchy

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{quote} One more thing. Since you said your using 2 pip renko with high voliatily you need good latency. You can get a good latency of less than 5 milisecond with a vps even than if your broker execution speed is low, that too will make an impact when using such small bricks

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Quoting Fxoday

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The Renko Chart is tidier than the default chart, in that each Renko bar shows a movement of 20 pips, so it doesn't reflect the timeframe, but it represents the average price movement. For those who are accustomed to using Renko charts, this is something that is easy, but for those who rarely use it it is a complicated software

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Quoting Hutch

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compared to 5 and 10 pip Renko in these charts.

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Quoting Alberto_Jazz

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{quote} Did you mean to 5 and 20 ?

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Quoting victoorlh

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{quote} Hello! thank you very much for your help. Regarding latency, could you recommend a vps? I always used the one that roboforex gives away and it never went wrong. Again, thank you very much, Dave and vonmunchy The indicators are these: {file} {file} {file}

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Quoting vonmunchy

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{quote} well here is a rough version. D+ crosses above D- and price above EMA 50 - Buy D- crosses above D+ and price below EMA 50 - Sell. There are multiple signals when price in a choppy zone. Either way since i said il make one . Below is the ea. I did just some rough tests and added a few options such as slippage, spread, weekdays, time, atr sl, atr trailing. feel free to share any bugs you may encounter and with whatever time i can spare il fix them. ps. i used normal adx for the cross overs so ea will work without any additional...

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Quoting victoorlh

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{quote} Hello vonmunchy! First of all I wanted to thank you for having used your time in the creation of this EA that will surely be of great help to us! Today, after operating the London session, I tested the expert All the parameters entered in the configurations are fine, even the extras like the trailing atr, they work very well and I think they are very good ideas, the only parameter that I would have liked to find is to automatically set breakeven at 2 pips profit, but trailing atr solves it in part The only problem that I see at the moment,...

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Quoting vonmunchy

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{quote} You can see the cross over happen with normal adx. Save a template with that indicator and adx. Load the template during visual mode and check when the cross over happens

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Quoting victoorlh

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{quote} Hello vonmunchy! I've been looking at the ea without backtesting because I don't know how to backtest an offline renko chart, Would you know how? Despite this, I have been able to find two things: 1.- I don't know why, but the buy and sell operations are not executed at the same lot, the one defined in "lot size". For example, to test I put the bot with 1 lot, and the buy operations were executed at 1 lot but the sell operations at 0.10 2.-Another thing that would improve would be that reentries could not be made, In a backtesting carried...

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Quoting helioss

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On DAX i prefere 10points brick {image}

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Quoting helioss

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On DAX i prefere 10points brick {image}

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Quoting MathTrader7

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{quote} Hi Dave, In MT4 terminology, an order has a property named "Magic Number", which is an integer number. It is a way to label an order with a unique ID so that later an EA/Script can filter out the orders based on Magic Number. For manual trades that are open by traders (without the help of EAs/Scripts), the Magic Number of the orders is set to zero. I have made it available in the input settings to let people use it to capture automatic screenshots of their EAs entries/exits. You can safely leave it zero. Best, Matt

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