Fractal Zig Zag EAs on 5 pip Renko Bricks | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Zig Zag Pip Value 82 replies

I need a timer for Renko bricks 4 replies

Renko bricks indi - Why can't I load it? 20 replies

Zig Zag Expert Advisor Problem 5 replies

Zig Zag 3 replies

Attachments: Fractal Zig Zag EAs on 5 pip Renko Bricks
Exit Attachments

Fractal Zig Zag EAs on 5 pip Renko Bricks

  • #41
  • Oct 7, 2009 4:28pm Oct 7, 2009 4:28pm
Quoting djc0
Hi Guys.

Just want to let you know that i'm going over the code....
djc0,
I tried it, first thing it did after I turned it on was open a sell order.
Now I bet it can't open any buy orders, will leave it on all night, & find out in the morning.
  • #42
  • Oct 7, 2009 5:07pm Oct 7, 2009 5:07pm
Found two new indis today wasn't really looking for more, think I've collected over 2k now, just accidentally clicked on an old bookmark.
Makes trading Renko charts look pretty simple, & easy don't they?
Guess I might find out if they really can if/when the market picks back up later tonight.

The two overlapping T3 mom burst indi, one 1st set to default the other set to 4, gives a pretty good looking cross signal you can take the signal early or wait for one or both to cross 0 line.
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 10.gif Size: 23 KB
Attached File(s)
File Type: mq4 t3_ADX_PlusDi_MinusDi_Burst.mq4   3 KB | 685 downloads
File Type: mq4 T3_Momentum_Burst.mq4   2 KB | 2,740 downloads
  • #43
  • Edited 8:24pm Oct 7, 2009 5:56pm | Edited 8:24pm
Quoting IamTHAT
5 points represent 5pips obviously. Size of the indicator window somehow makes it look bit different. Absolutely no idea how to make it appear in the main window.
Forex-tsd form has a thread on renko and some are very successful with it.

Point: 100 Pips. The difference between a rate of 1.4610 and 1.4710 is one Point.

http://www.currencyuk.co.uk/corporat...t-glossary.php

So if this is right if you want the renko indi to display a 5 pip brick all we need to do is enter 500 points, & 1000 for a 10 pip brick then they should match up.

The indi changes on different time charts you place it on, think the closest I could get it to look like a real renko chart was putting it at about 250 pts and a 4 hr chart.
I've messed with these type of renko indis before, & never could get them to look quite right.
Just tried 1 pt on a 4hr chart & it crashed mt4.
---
Okay tried it one more time before crashing mt4 with it again, the best I could get it to look like a regular 5 pip brick is to set it to 5 pts on a 4 hr chart. That's probably only time frame I'd fell comfortable trading with the RenkoFX indi, but don't really need it just playing around with it a little to see what I could do with it.
  • #44
  • Oct 7, 2009 6:05pm Oct 7, 2009 6:05pm
Quoting 45Fxguy
Makes trading Renko charts look pretty simple, & easy don't they?
Guess I might find out if they really can if/when the market picks back up later tonight.
With 5 pip bricks you really need to catch moves bigger than one or two bricks between exits.. If it goes one brick against you from entry, that means it goes 10 pips plus spread. Going up one brick only gets you 5 pips minus the spread. No matter what rules you trade this by (cross of 0 line, cross of blue/purple or green/red, it seems like this would get you in late on a lot of moves, or end up losing on several of the down moves. Renko charts do make things look easy; but you need several bricks on any renko chart to make up for 1 brick against you.

I'm not sure if this is very clear.. I apologize for my poor wording. I just worry that people looking will think "oh it does look really easy with such and such indictator", but you really need to backtest a system over different types of markets to see if it will be worth it. It seems like this strategy would lose a lot on a ranging market.

Just my two cents. I am not trying to discourage research on renko bricks, I think they could be very useful. I just think visual backtesting should be done carefully, and with strict rules (not, sometimes enter on this, but sometimes wait for this, etc.), because otherwise human nature makes us end up cherry picking the good trades and skipping the bad ones. Thank you for continually researching different ideas and contributing; I hope you find something that works really well.

Cheers
  • #45
  • Edited 7:00pm Oct 7, 2009 6:29pm | Edited 7:00pm
Quoting Cbh123
With 5 pip bricks you really need to catch moves bigger than one or two bricks between exits.....
Thanks Cbh123,

I agree, been doing fx long enough now to know now what looks easy usually isn't.
Think you meant to say cherry picking the bad ones, & skipping the good one, since that's what usually really happens. And your right we need a more set of concrete mechanical rules to follow, especially if were going to using them in an ea, those were just my first thoughts looking at the indi in chart history.
Otherwise it would be only 5% failure rate instead of the other way around.
& I wouldn't trade it or any other method during a fx ranging market.
If you know a system that works in ranging markets, I think we could give Bill & Warren, a run for their money imho.
No wonder why they look so happy in this picture.
lol
You know what they say about all work, & no play.
Attached Image
  • #46
  • Oct 7, 2009 7:58pm Oct 7, 2009 7:58pm
45Fxguy,

Firstly, thanks for starting this thread. I find the momentum histogram has merit when use with renko.

However, to make it more effective in order to rid false signals, can you change the cross up to show green only when reach 100.05 and above. To show red only when cross down 99.95 and below.

That mean area within 100.05 and 99.95 is the no trade zone(silver color)

Hope it is not too difficult for you to do the changes.

Thanks
Vincent
  • #47
  • Edited 8:47pm Oct 7, 2009 8:33pm | Edited 8:47pm
Ok, thanks, & your welcome
goldcourse,

I'm not really a coder but I'll look into it.
That's mom settings they use at the "Nitro for serious trader's", thread isn't it?
May not be a bad idea, won't know until we try.

But currently trying to restart mt4 for the third time after playing around with that RenkoFx indi.
Know sometimes if I have an indi or ea that's hanging up mt4 I'll have to temp remove it from mt4's folders, and restart again without it.
MT4 can be very temperamental at times.

PS: Forgot we don't have the code for that one so unless someone can find the mq4 file for it, decompile or make a brand new one, afraid we can't do much about it. Any coder volunteers?
PSS:
Have you tired stacking them or just using one?



Quoting goldcourse
45Fxguy,

Firstly, thanks for starting this thread. I find the momentum histogram has merit when use with renko.

However, to make it more effective in order to rid false signals, can you change the cross up to show green only when reach 100.05 and above. To show red only when cross down 99.95 and below.

That mean area within 100.05 and 99.95 is the no trade zone(silver color)

Hope it is not too difficult for you to do the changes.

Thanks
Vincent
  • #48
  • Oct 7, 2009 9:07pm Oct 7, 2009 9:07pm
USDCAD was just in a down trend, here's few trades the broken ea made afterward.
It's a real go getter, will be great if it can trade in the right direction after it's fixed.
Looking forward to it...
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 11.gif Size: 33 KB
  • #49
  • Oct 7, 2009 9:24pm Oct 7, 2009 9:24pm
Quoting 45Fxguy
Ok, thanks, & your welcome
goldcourse,

I'm not really a coder but I'll look into it.
That's mom settings they use at the "Nitro for serious trader's", thread isn't it?
May not be a bad idea, won't know until we try.

PS: Forgot we don't have the code for that one so unless someone can find the mq4 file for it, decompile or make a brand new one, afraid we can't do much about it. Any coder volunteers?
PSS:
Have you tired stacking them or just using one?
45Fxguy,

Thanks for the reply. Okay, lets see a coder can help out on this.

Right now I'm trying out by stacking them using in the order of 3,4,5,6.
Included stochastic 14,3,3 to see o/b & o/s area,a 20EMA instead of your 45EMA and fractal.
The renko brick size is 5.

Still early to tell the result. Will post if I find this combo work.
  • #50
  • Oct 7, 2009 9:34pm Oct 7, 2009 9:34pm
If your going to use that many indis you might as well try this one too.
Hope you have a dual-core processor though.
lol
PS:
I found some pretty cool stoch indis too that seem to work pretty well with Renko if you want to see them.

Quoting goldcourse
45Fxguy,

Thanks for the reply. Okay, lets see a coder can help out on this.

Right now I'm trying out by stacking them using in the order of 3,4,5,6.
Included stochastic 14,3,3 to see o/b & o/s area,a 20EMA instead of your 45EMA and fractal.
The renko brick size is 5.

Still early to tell the result. Will post if I find this combo work.
Attached File(s)
File Type: ex4 Multi-Indic_Watcher.ex4   243 KB | 520 downloads
  • #51
  • Oct 7, 2009 11:36pm Oct 7, 2009 11:36pm
Quoting 45Fxguy
Thanks Cbh123,


No wonder why they look so happy in this picture.
lol
You know what they say about all work, & no play.
No wonder, there are so many PIPS for the taking!

At forex-tsd, one guy has been very successful with 10 min chart an 10pip blocks. His templates are available now.
I find that simple 5sma and 21sma crossover is enough to find the trend direction and no need of so many indicators. Have a daily open line also, to gauge trend for the day.

With your EA, how do you make it work on offline chart? yb removing offline from chart properties? or is there any other way.
Also, in your EA probably you need to have separate buy & sell OrderForThisSymbol. Just my hunch.
"Put all your efforts in becoming effortless"
  • #52
  • Oct 8, 2009 5:41am Oct 8, 2009 5:41am
I was trying something very similar in the universal cross ea, & will have to see what the exact numbers were.
Seemed to work pretty good at first, but it got in trouble later, I never really looked back over all the results of the test to see if I could improve it.
Think I used ema3x8, but will have to double check later.
I don't know all the internal workings of the renko chart scripts/eas etc.
You can ask Lou G. or one of the other coders in one of the other renko threads, I & others already posted links to them in this one.
Can you post the link to the tsd, thread or pm it to me?
I'd like to take a quick look at it this morning.
Thank you,
45

Quoting IamTHAT
No wonder, there are so many PIPS for the taking!

At forex-tsd, one guy has been very successful with 10 min chart an 10pip blocks. His templates are available now.
I find that simple 5sma...
  • #53
  • Oct 8, 2009 6:24am Oct 8, 2009 6:24am
Quoting 45Fxguy
Can you post the link to the tsd, thread or pm it to me?
I'd like to take a quick look at it this morning.
Thank you,
45
Here is the link:
http://www.forex-tsd.com/suggestions...tml#post309442
"Put all your efforts in becoming effortless"
  • #54
  • Oct 8, 2009 7:48am Oct 8, 2009 7:48am
Quoting 45Fxguy
USDCAD was just in a down trend, here's few trades the broken ea made afterward.
It's a real go getter, will be great if it can trade in the right direction after it's fixed.
Looking forward to it...
Hi 45Fx,

I'm just getting silver bars on the Momentum histogram. Is there any other indicator that needs to in for the histo to read?? Thanks.
Pardy
  • #55
  • Oct 8, 2009 8:20am Oct 8, 2009 8:20am
Quoting Pardy
Hi 45Fx,

I'm just getting silver bars on the Momentum histogram. Is there any other indicator that needs to in for the histo to read?? Thanks.
Pardy
Not as far as I know, but you might want to try installing these in your indis folders and restarting mt4 etc.
Thought I had a mom k too, but don't see it in my current indis folder so it must not use that one.

Please let me know if you get it going with one of these.
Attached File(s)
File Type: mq4 MomentumVT.mq4   2 KB | 492 downloads
File Type: mq4 Momentum-ZL.mq4   2 KB | 506 downloads
File Type: mq4 MOM-TC_v2.mq4   4 KB | 518 downloads
  • #56
  • Oct 8, 2009 9:12am Oct 8, 2009 9:12am
Quoting 45Fxguy
Not as far as I know, but you might want to try installing these in your indis folders and restarting mt4 etc.
Thought I had a mom k too, but don't see it in my current indis folder so it must not use that one.

Please let me know if you get it going with one of these.
Thanks,
The ZL did the trick!

Regards
Pardy
  • #57
  • Edited 9:43am Oct 8, 2009 9:15am | Edited 9:43am
Thought this one was worth posting, look how pa breaks monthly + daily pivots, & ema 45 all at the same time and really takes off for about 30 pips.
Just another good missed trade waiting on my old slow pc.
Really need to put the ea forward testing back on this pc, & move my indis & templates etc to the laptop instead, that is if my wife doesn't take it to school with here again today.

Hi Crodzilla!, great to see you here, hope you'll be a regular visitor/poster.

Think I forgot to post indi to mark the round numbers, I haven't completely forgotten the trains Crod.

PS: The zig zag line seems to be lagging behind today for some reason, will have to try the other one again.
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 14.gif Size: 39 KB
Attached File(s)
File Type: mq4 SweetSpotsGOLD.mq4   4 KB | 482 downloads
  • #58
  • Oct 8, 2009 9:47am Oct 8, 2009 9:47am
Here's one that I did catch, at least on demo which is better than nothing I guess.
lol
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 15.gif Size: 34 KB
  • #59
  • Oct 8, 2009 10:31am Oct 8, 2009 10:31am
Quoting 45Fxguy
PS: I found some pretty cool stoch indis too that seem to work pretty well with Renko if you want to see them.
45Fxguy,

Yes, please & thanks
  • #60
  • Oct 8, 2009 10:32am Oct 8, 2009 10:32am
Quoting 45Fxguy

Hi Crodzilla!, great to see you here, hope you'll be a regular visitor/poster...

Thanks. I'm lurking. I have always been interested in Renko. I have always wanted to build in renko into an EA. I just haven't had time. One idea was to use a combo scalper/trend strategy. Open with 1 lot, 15 pip s/l, take 10 pips with .5 lot, then move s/l to even. Then let the other .5 lot run with a 10 pip trail.

That is just an example... those numbers I just pulled out of my a$$. And yes, the challenge is throwing the visuals out the window. Renko looks good, but the swings can be twice the block size.

I hesitate to use any indicators. They are lagging. And since Renko is already removing noise, I wanted to find a price action strategy on just Renko bars. Look at a Renko chart. Doesn't matter how many pips your block is. There are some great multi-block (5, 10, 15) runs. How many times do you see alternating blocks (up, down, up, down, etc.). Not very often, but they do happen. How can we filter those out? I don't know the answer yet.

Have fun!

Carl

PS. Yes the trainz!!!
0 traders viewing now