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Renko Trading Discussion

  • #1,741
  • Jul 2, 2021 2:49am Jul 2, 2021 2:49am
Impatient - DAX +2, should have waited for a proper pullback of at least a 10 pip reversal brick onto the 15650 spike which is my normal mode of trading 5 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,742
  • Jul 2, 2021 5:03am Jul 2, 2021 5:03am
DAX +10 building for 15700 break? 5 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,743
  • Jul 2, 2021 5:20am Jul 2, 2021 5:20am
Quoting MathTrader7
{quote} Hi, Please download version 1.68 of MathTrader7_RenkoChartCreatorEA.ex4 from here. The MA Cross EA will work on the Renko charts created by version 1.64 (Note: Do NOT set "Show price jumps?" to "Yes"!). /Matt
Hi Matt! I write to you to tell you that I have been testing your ea on the dax30 and ws30 in the openings, and it works very well! (I have done it with the crossing of the averages 1 and 2, since in openings there are usually many movements of great distances. Congratulations on your work.
I wanted to give you an idea to improve the operation of any renko ea, since it would serve to increase profits and reduce losses, taking advantage of longer-distance operations: accumulate operations.
The system would consist of buying (or selling) with each block in favor. For this, a division of the lot would be made (for example in 10 parts) and, in the case of a consolidation, the minimum would be lost, and in the case of a long operation, the maximum would be gained. I give you an image with an example:
I'm sure if this system were implemented on high-pip renko charts (for example a 30-pip-per-block renko chart) there would be little lateralization and a lot of big moves. Think about it!
A big greeting
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  • #1,744
  • Jul 2, 2021 6:07am Jul 2, 2021 6:07am
Quoting aaronett
{quote} Hi Matt! I write to you to tell you that I have been testing your ea on the dax30 and ws30 in the openings, and it works very well! (I have done it with the crossing of the averages 1 and 2, since in openings there are usually many movements of great distances. Congratulations on your work. I wanted to give you an idea to improve the operation of any renko ea, since it would serve to increase profits and reduce losses, taking advantage of longer-distance operations: accumulate operations. The system would consist of buying (or selling) with...
Hi aaronett,
Glad to hear that it now works smoothly!

Which Renko size did you use for running MA Cross EA on DAX30 and WS30?

/Matt
Trading is the hardest way to make easy money...
  • #1,745
  • Jul 2, 2021 8:21am Jul 2, 2021 8:21am
Quoting MathTrader7
{quote} Hi aaronett, Glad to hear that it now works smoothly! Which Renko size did you use for running MA Cross EA on DAX30 and WS30? /Matt
Hi!
The box size for the dax30 I use is 3 pips per block. crossing of moving averages 1 and 2, with trailing stop (Kick in: 1
distance: 2).
I only use it in the first hour of the London market opening, and I stop it when it reaches my profit target for the day, or losses.
For the ws30 I use blocks of 5 pips because it does not leave me less. In this asset it is less efficient for me because the spread in my broker is higher. I only activate the ea for the ws30 the first hour or half hour of opening of the NY market.
Now I am studying if it would be profitable to put it in a longer term, to avoid problems of lag, spread and chart speed. Today I am backtesting the dax30 on a renko chart of 10 pips per block and the results are:
June: +99 blocks in the month
May: +89 blocks in the month
April: +64 blocks in the month
.
30 pips per block WS30 in June: +45 blocks in the month
The problem with this system is that the days of lateralization, there are many failed operations, and that is why I say that it would be great to be able to divide the capital by 10 and make purchases or sales in each block in favor, because for each failed operation losses would greatly decrease.
.
A pity that my broker does not give me more history of 1 minute candles and not being able to do more backtest
  • #1,746
  • Jul 5, 2021 4:22pm Jul 5, 2021 4:22pm
Hello, I keep testing an EA that semi-programmed I have had good results since June 23, 2021 I will continue to observe its behavior, this same EA I have tested in currency pairs with different configurations and only in the Dax, USDCAD and EURUSD work well, the size of the renko candles changes and also the level of SL and TP as I have more data I will publish it.
Greetings
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  • #1,747
  • Jul 6, 2021 1:28am Jul 6, 2021 1:28am
Quoting JaimeAlejan
Hello, I keep testing an EA that semi-programmed I have had good results since June 23, 2021 I will continue to observe its behavior, this same EA I have tested in currency pairs with different configurations and only in the Dax, USDCAD and EURUSD work well, the size of the renko candles changes and also the level of SL and TP as I have more data I will publish it. Greetings {image}
Hi Jaime,
Thanks for sharing, but let us see some results such as how many trades were taken and the outcomes, please.
Continued success to you.
Hercs.
Hercs
  • #1,748
  • Jul 7, 2021 12:03am Jul 7, 2021 12:03am
[quote = Hercs; 13613546] {quote} Hola Jaime, Gracias por compartir, pero veamos algunos resultados, como cuántas operaciones se realizaron y los resultados, por favor. Éxito continuo para ti. Hercs. [/ Quote]


Thanks for the recommendation, if I will be publishing the results of the EA, it is still in testing but good ideas can come up between all of us. Greetings
  • #1,749
  • Jul 7, 2021 12:13am Jul 7, 2021 12:13am
Hello, I publish the results of this experimental EA with martingale, although the account has more pairs, these 3 are the ones that work best at the moment.
I will try to upload the results as constant as possible.

DE30 = 10 Pips / Candle, TP and SL 15 Pips
EURUSD = 5Pis / Candle, TP and SL 10 Pips
USDCAD = 10 Pips / Candle TP and SL 15 pips

The DE30 had a moment of lateralization but it quickly recovered the trend (there was a fundamental news that I think could affect the index)
EURUSD and USDCAD were trending strongly and performing well

Results for 07/06/2021

Doubts, comments and suggestions are fully received
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  • #1,750
  • Jul 27, 2021 12:45am Jul 27, 2021 12:45am
How is it possible to backtest such an EA which uses Renko?
Vucking good EA coder... https://t.ly/AZjRM
  • #1,751
  • Jul 27, 2021 4:22am Jul 27, 2021 4:22am
Quoting reteid2222
How is it possible to backtest such an EA which uses Renko?
Yes, it is possible but with limited accuracy.
You can find some ways of Renko EA backtesting in Post 1 under the section >>How to backtest Renko EAs

/Matt
Trading is the hardest way to make easy money...
  • #1,752
  • Jul 27, 2021 7:24am Jul 27, 2021 7:24am
Quoting aaronett
{quote} Hi! The box size for the dax30 I use is 3 pips per block. crossing of moving averages 1 and 2, with trailing stop (Kick in: 1 distance: 2). I only use it in the first hour of the London market opening, and I stop it when it reaches my profit target for the day, or losses. For the ws30 I use blocks of 5 pips because it does not leave me less. In this asset it is less efficient for me because the spread in my broker is higher. I only activate the ea for the ws30 the first hour or half hour of opening of the NY market. Now I am studying if...
Hi AAron
take the meanrenko indicator and go with a 5 min base-chart
  • #1,754
  • Aug 1, 2021 6:52am Aug 1, 2021 6:52am
Quoting Rivamann
Hello guys!! I just have a question about some research i did these days. Is it possible to make an ea like this video i share here? It is a hedging EA https://youtu.be/Rm3xZrCgQGc Best regards Henning
It looks impressiv but he tests with almost no spread... :-(
  • #1,756
  • Aug 5, 2021 1:53am Aug 5, 2021 1:53am
Morning! I've been experimenting with MT7's adaptive ATR band on 5 pip brick charts, but not as a Renko bounce trade. Producing good results and useful while the DAX isn't quite as volatile as it can be. Will hopefully post live later:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,757
  • Aug 6, 2021 1:33am Aug 6, 2021 1:33am
Hi Math and others that already contributes here.

Many thank for your EA.
I tried to install Math's Renko chart and Renko street 1.7 on metatrade 4.
I have waited for 2 days.
It does not make any trade until now.
Did I miss something?
I post the setting and report from Journal and Expert.
Perhaps anybody can help me.
Most appreciated.
Thank you.
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  • #1,758
  • Aug 7, 2021 6:51am Aug 7, 2021 6:51am
Quoting DaveTan
Hi Math and others that already contributes here. Many thank for your EA. I tried to install Math's Renko chart and Renko street 1.7 on metatrade 4. I have waited for 2 days. It does not make any trade until now. Did I miss something? I post the setting and report from Journal and Expert. Perhaps anybody can help me. Most appreciated. Thank you.{image}{image}{image}
Hi DaveTen plz share your Renkostreetchannel and EA
  • #1,759
  • Aug 8, 2021 9:07pm Aug 8, 2021 9:07pm
Quoting Deepak01
{quote} Hi DaveTen plz share your Renkostreetchannel and EA
Hi Deepak01.

Here
https://www.forexfactory.com/thread/...29#post8626629
  • #1,760
  • Aug 9, 2021 5:14am Aug 9, 2021 5:14am
DAX short, BE+1, 5 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
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