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Renko Trading Discussion

  • #1,781
  • Sep 21, 2021 9:23am Sep 21, 2021 9:23am
Does anyone has a good renko risk management EA? I am looking for one that is capable of taking partial profits and breaking even after one brick has been formed in the direction of the trade, and then for every brick in the direction of the trade there must be a trailing stop on the close of the last brick, this is done until the trailing gets stopped out, I would appreciate if someone can share something like this or if itīs easy enough if any coder could buid it. This could be useful for when there is an already profitable entry strategy in order to stretch out some winning trades. Thanks.
  • #1,782
  • Sep 21, 2021 1:29pm Sep 21, 2021 1:29pm
Quoting rafal-brain
Hi, where can I find the latest EA renko version? Can you set any number of pips? e.g. 5 pips. I am investing on Dax30
Always read Post 1 of each thread to see whether the answer to your question is already there.
You can download the latest version from here http://www.forexfactory.com/showthread.php?t=535170
Trading is the hardest way to make easy money...
  • #1,783
  • Sep 22, 2021 12:00am Sep 22, 2021 12:00am
Quoting lain7123
Does anyone has a good renko risk management EA? I am looking for one that is capable of taking partial profits and breaking even after one brick has been formed in the direction of the trade, and then for every brick in the direction of the trade there must be a trailing stop on the close of the last brick, this is done until the trailing gets stopped out, I would appreciate if someone can share something like this or if itīs easy enough if any coder could buid it. This could be useful for when there is an already profitable entry strategy in order...
Hi Iain7123, thats an interesting idea - I use a very basic EA to set SL/TP/TS with Renko if I open a trade manually, but it is basic and is not much better than the standard Mt4 TS. In my search for an EA to deal with SL etc I didn't come across anything specific for Renko trade management, but I'm sure there must be something that could be adapted. Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,785
  • Sep 27, 2021 1:14pm Sep 27, 2021 1:14pm
Quoting Lex24
[quote = MathTrader7; 13715290] {quote} Всегда читайте сообщение 1 каждой цепочки, чтобы увидеть, есть ли там ответ на ваш вопрос....
You can contact me (and other members) by clicking on "Message" button as shown in below,
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Trading is the hardest way to make easy money...
  • #1,786
  • Oct 18, 2021 3:09am Oct 18, 2021 3:09am
Quoting MathTrader7
Version 1.41 of Non-gap Renko Chart Creator EA released. This version is compiled and tested on MetaTrader 4 Build 890
Hi MathTrader Are these Renko EAs usable as I have tried them a few months ago and could not make anyone of them trade.
Have they beey used lately
Thanks
  • #1,787
  • Oct 18, 2021 3:23am Oct 18, 2021 3:23am
Quoting mring16
{quote} Hi MathTrader Are these Renko EAs usable as I have tried them a few months ago and could not make anyone of them trade. Have they beey used lately Thanks
Hi, I will check if they are working on the latest MT4 release, if not I'll release a set of new versions.
Trading is the hardest way to make easy money...
  • #1,788
  • Oct 18, 2021 3:49am Oct 18, 2021 3:49am
Quoting MathTrader7
{quote} Hi, I will check if they are working on the latest MT4 release, if not I'll release a set of new versions.
Hi Mate i have attached the Renko Ma ea to the chart but it’s opening M3 chart should i attach the EA to M3 and i m not able to understand this
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  • #1,789
  • Oct 18, 2021 3:53am Oct 18, 2021 3:53am
Quoting Deepak01
{quote} Hi Mate i have attached the Renko Ma ea to the chart but it’s opening M3 chart should i attach the EA to M3 and i m not able to understand this {image}
Read Post 1 of this thread. It is explained there.
Trading is the hardest way to make easy money...
  • #1,790
  • Oct 18, 2021 7:12am Oct 18, 2021 7:12am
Quoting mring16
{quote} Hi MathTrader Are these Renko EAs usable as I have tried them a few months ago and could not make anyone of them trade. Have they beey used lately Thanks
Renko Meta RSI EA (v1.04) is working fine!
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Trading is the hardest way to make easy money...
  • #1,791
  • Oct 18, 2021 11:59am Oct 18, 2021 11:59am
Quoting MathTrader7
{quote} Renko Meta RSI EA (v1.04) is working fine! {image}
I will try it I think I will have to use Non gap Renko with this ea?
I cannot use Ovo Renko bars?
Thanks for the quick response
  • #1,792
  • Oct 18, 2021 12:03pm Oct 18, 2021 12:03pm
Quoting mring16
{quote} I will try it I think I will have to use Non gap Renko with this ea? I cannot use Ovo Renko bars? Thanks for the quick response
My EAs only work on non-gap Renko charts.
Trading is the hardest way to make easy money...
  • #1,793
  • Oct 19, 2021 12:30am Oct 19, 2021 12:30am
Quoting MathTrader7
{quote} Renko Meta RSI EA (v1.04) is working fine! {image}
which brick size did you use?

thank you
  • #1,794
  • Oct 19, 2021 3:37am Oct 19, 2021 3:37am
Quoting MathTrader7
{quote} My EAs only work on non-gap Renko charts.
Thanks MathTrader7 I will try it out Your backtest help you posted I would like to look at as well
  • #1,795
  • Oct 20, 2021 1:50am Oct 20, 2021 1:50am
Quoting MathTrader7
{quote} My EAs only work on non-gap Renko charts.
Hi MathTrader7 i have installed your Renko Ma ea. Is there anything thing to change in the parameters like moving average periods and i if want to change the take profit scenario ie i only want to exit trade when the opposite color candle is formed
  • #1,796
  • Oct 21, 2021 12:36am Oct 21, 2021 12:36am
DAX long from 480, TP at 500, +20, 5 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,797
  • Oct 21, 2021 12:37am Oct 21, 2021 12:37am
The open screen for this trade:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,798
  • Oct 21, 2021 1:21am Oct 21, 2021 1:21am
10 pip brick view of trade:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,799
  • Oct 26, 2021 12:44am Oct 26, 2021 12:44am
DAX long +10 pips from 15680, 5 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #1,800
  • Oct 29, 2021 12:57am Oct 29, 2021 12:57am
DAX40 short from 640, +15 pips, 5 pip bricks:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 54563820_close.png Size: 24 KB
Everything should be made as simple as possible, but no simpler - Einstein
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