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Renko Trading Discussion

  • #1,701
  • Jun 3, 2021 8:34am Jun 3, 2021 8:34am
DAX long +22, 5 pip bricks:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 49586286_open.png Size: 27 KB
Click to Enlarge Name: 49586286_close.png Size: 26 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,702
  • Jun 5, 2021 5:44am Jun 5, 2021 5:44am
Quoting ekud87
replacing the line: TIME [i] = TIME [i + 1] + (60-MathMod (TIME [i + 1], 60)) + 1; by: TIME [i] = TIME [i + 1] + 60: the problem seems to be corrected (no gaps are) but the date was completely distorted {image}
Hi Ekud
can you share this nice indicator showing thew flashes up and down please?
Thanks
  • #1,703
  • Jun 5, 2021 5:55am Jun 5, 2021 5:55am
Quoting MathTrader7
And this my research on how to train a machine learning (ML) model to trade on Renko charts. The result is too good to be true But this is part of my ongoing research on using ML to trade Renko charts which I wanted to share with you. {image}
Hi MathTrader, is this EA too good to share?
Thanks
  • #1,704
  • Jun 5, 2021 6:01am Jun 5, 2021 6:01am
Quoting wolfsch
{quote} Hi MathTrader, is this EA too good to share? Thanks
Hi wolfsch,

The EA has to be profitable on real/demo accounts on a foreward test. I am still testing and improving the EA program. Nothing to share now, but whenever it is in a good shape I will share it here.

/Matt
Trading is the hardest way to make easy money...
  • #1,705
  • Jun 7, 2021 3:43am Jun 7, 2021 3:43am
Can anybody help me to get more data into my Renko charts. I have months of M1 data for the US30 but i have only 2000 bars (about 3 days) on the offline renko chart. How do i increase the number of bars in the offline charts please. Thank you in advance
  • #1,706
  • Jun 7, 2021 7:13am Jun 7, 2021 7:13am
Quoting deboytrader
Can anybody help me to get more data into my Renko charts. I have months of M1 data for the US30 but i have only 2000 bars (about 3 days) on the offline renko chart. How do i increase the number of bars in the offline charts please. Thank you in advance
Normally it depends on the Renko generator. Three days of Renko bricks is sufficient for trading. After all you trade today's data not last week's.
Here are two US30 Renko charts generated with the same M1 data.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US30USDM200.png Size: 38 KB
Click to Enlarge Name: US30USDM20.png Size: 37 KB
  • #1,707
  • Jun 7, 2021 8:34am Jun 7, 2021 8:34am
Quoting MathTrader7
{quote} Hi wolfsch, The EA has to be profitable on real/demo accounts on a foreward test. I am still testing and improving the EA program. Nothing to share now, but whenever it is in a good shape I will share it here. /Matt
That sound very good buddy.
  • #1,708
  • Jun 7, 2021 10:17am Jun 7, 2021 10:17am
Thanks for the reply Hutch
I agree you only need a few days data to trade normally but i like to have a few charts with very long moving averages to indicate the longer term trend. I use 2000 and 3000 bar m/a's. The broker has the data as its on the time bar charts but how do i get it onto the offline renko chart
  • #1,709
  • Jun 8, 2021 4:55pm Jun 8, 2021 4:55pm
Quoting Hutch
{quote} Normally it depends on the Renko generator. Three days of Renko bricks is sufficient for trading. After all you trade today's data not last week's. Here are two US30 Renko charts generated with the same M1 data. {image} {image}
Hello Hutch
Thank you for your answer to my post about how to get more data on to my online charts. I need a lot more data to build accurate long term moving averages.
In your reply you showed two Renko charts. I would be very grateful if you could send me more information about the indicator displaying a red or green line on the actual graph itself together with the trade signal arrows. Many thanks
  • #1,710
  • Jun 9, 2021 11:00am Jun 9, 2021 11:00am
Quoting deboytrader
{quote} Hello Hutch Thank you for your answer to my post about how to get more data on to my online charts. I need a lot more data to build accurate long term moving averages. In your reply you showed two Renko charts. I would be very grateful if you could send me more information about the indicator displaying a red or green line on the actual graph itself together with the trade signal arrows. Many thanks
Here is the system. I posted it before but new Renko traders struggled to get charts properly setup so I added more explanations and pictures to help them better understand.
Attached File(s)
File Type: zip Fx Bay Strategy STG.zip   548 KB | 661 downloads
  • #1,711
  • Jun 10, 2021 4:26am Jun 10, 2021 4:26am
DAX long +22, 5 pip bricks:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 49753072_open.png Size: 28 KB
Click to Enlarge Name: 49753072_close.png Size: 27 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,712
  • Jun 10, 2021 4:30am Jun 10, 2021 4:30am
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 10_06c.png Size: 61 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,713
  • Jun 16, 2021 8:47am Jun 16, 2021 8:47am
DAX +10 long, 5 pip bricks:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 49893253_open.png Size: 28 KB
Click to Enlarge Name: 49893253_close.png Size: 27 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,714
  • Jun 17, 2021 6:02am Jun 17, 2021 6:02am
Hi guys!
I have been reading many pages of the forum, and I find it very interesting what you comment!
I'm new to the page, and I want to make my debut by sharing my DAX30 strategy with 10 pip renko charts
Likewise, if someone can do an EA with the parameters, it would be great, maybe we find a great opportunity, it gives me very good results!
The strategy is based on two indicators, the crossing of moving averages of 3 and 10 and the "signal" indicator, which defines the trend and I will leave attached
It is very simple and easy, the entry signal is given when, at the close of the candle, the moving averages are crossed in a candle with the symbol "signal" in favor of the trend.
I have attached an indicator that alerts me to the candle just where the moving averages intersect, I will also leave it attached.
In this way it is very easy for me, when a cross and an arrow of the same color appear, the trade is entered.
Resume:
Indicators:
3 and 10 period moving averages
"signal" indicator
Entry when moving averages cross and "signal" is in favor of averages crossing
Money management:
Stoploss: two blocks below. As the renko blocks I have modified to 10 pips, I put the stop at 20 pips and, for each block in favor, I move the stoploss one block, like a trailing stop
Take profit: Open, because because a great risk-benefit ratio can be achieved.I close the trade in the first block against closed
I attach the "signal" indicator and the indicator that tells me with an arrow where the moving averages intersect, and a screenshot of what my template looks like
If you look at the image, of the 18 entries that it has given, only one has not had any block in favor, it is a great hit ratio!
Do you think that an EA of this strategy could be created, with modifiable parameters?
Greetings!
Attached Image (click to enlarge)
Click to Enlarge Name: fotoff.jpg Size: 284 KB
Attached File(s)
File Type: ex4 3 MA Cross with alert mtf 3.03.ex4   59 KB | 260 downloads
File Type: ex4 Signal.ex4   6 KB | 281 downloads
  • #1,715
  • Jun 22, 2021 3:00am Jun 22, 2021 3:00am
DAX short +31, 5 pip bricks:
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Click to Enlarge Name: 50100842_open.png Size: 27 KB
Click to Enlarge Name: 50100842_close.png Size: 25 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,716
  • Jun 22, 2021 7:12am Jun 22, 2021 7:12am
DAX Quickie for +3. Set up for a +15 TP but market moving so slowly now I got bored and closed it, still hasn't broken my TP and half expecting a retrace to the 15600 zone to find some support.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 50106135_open.png Size: 26 KB
Click to Enlarge Name: 50106135_close.png Size: 25 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,717
  • Jun 24, 2021 4:45am Jun 24, 2021 4:45am
Quoting aaronett
Hi guys! I have been reading many pages of the forum, and I find it very interesting what you comment! I'm new to the page, and I want to make my debut by sharing my DAX30 strategy with 10 pip renko charts Likewise, if someone can do an EA with the parameters, it would be great, maybe we find a great opportunity, it gives me very good results! The strategy is based on two indicators, the crossing of moving averages of 3 and 10 and the "signal" indicator, which defines the trend and I will leave attached It is very simple and easy, the entry signal...
This Signal indicator is repainting min 2 pips so dunno if this will work. Did you trade it on demo few days manually?
  • #1,718
  • Jun 24, 2021 4:53am Jun 24, 2021 4:53am
Quoting teapeak
{quote} This Signal indicator is repainting min 2 pips so dunno if this will work. Did you trade it on demo few days manually?
Hi! It has only repainted me two or three times, because I use it in 10 pips renko chart, I don't used it in 2 pip, it doesn't usually give me many problems, and I use it as a confirmation. The most important thing for me is the crossing of moving averages, and I have looked for bots that only bring crossing of averages and trailing stops, but they do not work for me in renko chart.
Greetings!
  • #1,719
  • Jun 24, 2021 6:19am Jun 24, 2021 6:19am
Quoting aaronett
{quote} Hi! It has only repainted me two or three times, because I use it in 10 pips renko chart, I don't used it in 2 pip, it doesn't usually give me many problems, and I use it as a confirmation. The most important thing for me is the crossing of moving averages, and I have looked for bots that only bring crossing of averages and trailing stops, but they do not work for me in renko chart. Greetings!
Sorry I made a mistake I talked about 2 bars back not pips!!! If this repainting is not too often it could be usable. Will see need to monitor it more
  • #1,720
  • Jun 24, 2021 11:35am Jun 24, 2021 11:35am
Quoting Davidh061
DAX Quickie for +3. Set up for a +15 TP but market moving so slowly now I got bored and closed it, still hasn't broken my TP and half expecting a retrace to the 15600 zone to find some support. {image} {image}
Hi David what is your strategy?
look for R/S and when breakout you open a position? Do you look different size or only 5 pips in this case..
thank you !
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