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  • #221
  • Oct 9, 2009 3:35pm Oct 9, 2009 3:35pm
Here is an updated toy.....Scalpers will love this!
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: dh.gif Size: 20 KB
Attached File(s)
File Type: mq4 MTP_RENKO.mq4   47 KB | 1,049 downloads
forexflash
  • #222
  • Edited Oct 10, 2009 7:54am Oct 9, 2009 6:43pm | Edited Oct 10, 2009 7:54am
Quoting FOREXflash
Here is an updated toy.....Scalpers will love this!
Regards
Hello FOREXflash,
Great job as usual! Think your the only one I know of right now that's making indicators specifically for renko charts &/or scalpers so it is very much appreciated. If you come up with an ea based on your indi, hope you'll share it with us.
Have a little problem right now though, I can't get my chart to look like yours.
See how the trix etc is overlapping the different brick sizes, & I've tried different chart & screen sizes zoomed in out etc, but no help.
Any ideas, I didn't find anything yet under the input settings that would seem to help either.
Any suggestions?
Later,
45

PS: I tired removing all indis windows but yours, & it still does the same.
Can you upload your template?. Maybe that will help.
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 19.gif Size: 38 KB
  • #223
  • Nov 22, 2009 2:50am Nov 22, 2009 2:50am
Hi, I have been playing around with the requirements of a renko based EA for awhile now and believe I have got around to developing an EA that addresses the key issues.

I thought I would use this thread which has died off as it seems to be the right title for what I am trying to achieve.

What I would like now are some people to use it and give me some ideas for refinement. I'm happy to have the EA developed further but need some experienced brain power to help with the fine tuning. I will share the updates so that we can all benefit.

At the end of this I hope we will all have an EA that actually trades profitably.

I didn't program the EA but are happy to get further development done if it makes sense.

A couple of initial comments. All the multitude of renko threads on FF and other sites are trying to solve a couple of basic questions.

1. Entries is either at the time of the close of the cross of a moving average (of some type) or on confirmation of direction ( fractuals)

2. Avoiding whipsawing where the price goes back and forward giving multiple entries without price momentum. Use of some indicator to demonstrate direction

3. Taking profit either using a fixed TP (scalp) or trying to capture the longer term movement.

4. Testing. From what I can see its not possible to effectively backtest.


The attached EA is designed to have a quick entry with exits either driven by a fixed TP or exit after a movement in one direction.

1. Entries are with a close above or below the cross of a shifted EMA. Confirmed with a Zig Zag direction and the QQE indicator. I used the QQE as it gives quicker signals than the Trix but I have tried enough indicators to relise none of them make a difference. I suspect the QQE cannot be set to the right parameters but might prompt a better solution.

2. Whipsawing, I have used the Zig Zag and QQE for this. At least we only get hit in direction and is likely to be positive more times than not.


3. Taking profit, either a defined TP or a close under/ over the ma or qqe

4. Stop loss, either a defined SL or a close under/ over the MA or QQE. This is deliberately tight to minimise losses while allowing trends to run.
More about money mgmt.


What is not yet included but needs to be is the ability to restrict trade entries to certain days and times of day.
  • #224
  • Nov 22, 2009 3:36am Nov 22, 2009 3:36am
THe attached files are the EA and an indicator that shows entry signals. THe entry indicator is quite good for manual trading but it distorts history significantly. Eg it shows 100% winning entries


For scalping the ea seems to be best set up with

JPY pairs 15 or 20 pips
USD pairs 10 pips
EU 10 pips

Set with a 1/2 or a 2/3ema cross the QQE becomes redundant

Let me know your comments

rgds

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: gpyjpy peter1 renko example.gif Size: 49 KB
Attached File(s)
File Type: ex4 PeterEA1.ex4   11 KB | 520 downloads
File Type: ex4 PeterEntry.ex4   7 KB | 599 downloads
File Type: ex4 QQE ADV.ex4   4 KB | 627 downloads
File Type: ex4 EMA Crossover.ex4   3 KB | 533 downloads
File Type: mq4 ZigZag_Pointer_alert_only at turning points.mq4   5 KB | 637 downloads
  • #225
  • Edited 5:00am Nov 22, 2009 4:22am | Edited 5:00am
Quoting peterke
THe attached files are the EA and an indicator that shows entry signals. THe entry indicator is quite good for manual trading but it distorts history significantly. Eg it shows 100% winning entries


For scalping the ea seems to be best set up with

JPY pairs 15 or 20 pips
USD pairs 10 pips
EU 10 pips

Set with a 1/2 or a 2/3ema cross the QQE becomes redundant

Let me know your comments

rgds

Peter
Not sure I know what a "1/2 or a 2/3ema cross", is.
Can you explain Peter?

Thanks for your work on this ea, I didn't even know you were a coder. lol
Could you also please post your template for those whom might want to manually forward test it and look for ways to improve on your ea this way also?

By the way when I tried to download you ea above I see the name, "attachment" in my download box, instead the actual name of your ea, but it still seems to work ok after giving it the correct file name & extension.
If we wanted to test a different qqe than the one your using couldn't we just rename the qqe compiled version that we want to test with the name of the qqe your using?
That way we can find out if one qqe is any better than another on renko charts etc...
  • #226
  • Nov 22, 2009 5:17am Nov 22, 2009 5:17am
Quoting 45Fxguy
Not sure I know what a "1/2 or a 2/3ema cross", is.
Can you explain Peter?

Thanks for your work on this ea, I didn't even know you were a coder. lol
Could you also please post your template for those whom might want to forward test it and look for ways to improve on your ea this way also?

By the way when I tried to download you ea above I see the name, "attachment" in my download box, instead the actual name of your ea.
Hi, 45fxguy, tks for response

The 1/2 or 2/3 ema cross over is the entry signal. When the renko block crosses the signal line and closes with a change in direction signaled by the ema cross over it confirms the entry signal. To see it place the ema cross over indicator on a normal chart to see where arrows are placed. From what I can see most trending systems are based on a moving average cross over of a signal line. The benefit of renko is that the directional changes are quick and visual allowing quick entry and exit if we can avoid false signals.

The template is attached. The peterea1.exe id the EA. it works fine.

The Ea is called peterea1.exe. Not original but also didn't require much thought!

I have uploaded off another system, see if this works better

By the way I can't code to save myself, I got someone to do it for me.

rgds

Peter
Attached File(s)
File Type: tpl peterea1 renko.tpl   23 KB | 634 downloads
File Type: ex4 PeterEA1.ex4   11 KB | 511 downloads
  • #227
  • Nov 23, 2009 6:18am Nov 23, 2009 6:18am
Hi
do you have an experience with 3_Level_ZZ_Semafor on renko?
  • #228
  • Nov 23, 2009 12:16pm Nov 23, 2009 12:16pm
Quoting peterke
Hi, 45fxguy, tks for response

The 1/2 or 2/3 ema cross over is the entry signal. When the renko block crosses the signal line and closes with a change in direction signaled by the ema cross over it confirms the entry signal. To see it place the ema cross over indicator on a normal chart to see where arrows are placed. From what I can see most trending systems are based on a moving average cross over of a signal line. The benefit of renko is that the directional changes are quick and visual allowing quick entry and exit if we can avoid false signals....
Peter, can yo please post a quick "HowTo" on how to install and run this EA for renko, I don't know if I need to create a Renko chart (like a 10pips box) and then load the EA onto the offline chart or just load the EA onto a 1MN chart, I just don't know. Please help! Thank you.
  • #229
  • Nov 23, 2009 6:40pm Nov 23, 2009 6:40pm
Quoting zxpips
Peter, can yo please post a quick "HowTo" on how to install and run this EA for renko, I don't know if I need to create a Renko chart (like a 10pips box) and then load the EA onto the offline chart or just load the EA onto a 1MN chart, I just don't know. Please help! Thank you.
Hi, create a renko chart, add the ea onto the offline renko chart and you are away

rgds
Peter
  • #230
  • Nov 25, 2009 1:19pm Nov 25, 2009 1:19pm
Quoting peterke
Hi, I have been playing around with the requirements of a renko based EA for awhile now and believe I have got around to developing an EA that addresses the key issues.

I thought I would use this thread which has died off as it seems to be the right title for what I am trying to achieve.

What I would like now are some people to use it and give me some ideas for refinement. I'm happy to have the EA developed further but need some experienced brain power to help with the fine tuning. I will share the updates so that we can all benefit.

At the...

Hi

i've started PeterEA1.
It make a trade not on block open, but in the middle of the renkoblock
  • #231
  • Nov 26, 2009 6:21am Nov 26, 2009 6:21am
Hi ff, is the difference the spread?

rgds
Peter
  • #232
  • Edited 4:47pm Nov 26, 2009 2:05pm | Edited 4:47pm
Quoting peterke
Hi ff, is the difference the spread?

rgds
Peter
Hi Peter

1.At AJ spread = 5.0
Renko 10 pp., candle at xx.y7 (for example 78.97 - 79.06 )

Buy = 79.10 - not the spread

2. THV indi shows AUDUSD on each chart

regards
  • #233
  • Edited 8:39am Nov 27, 2009 7:04am | Edited 8:39am
Quoting peterke
Hi, 45fxguy, tks for response

The 1/2 or 2/3 ema cross over is the entry signal. When the renko block crosses the signal line and closes with a change in direction signaled by the ema cross over it confirms the entry signal. To see it place the ema cross over indicator on a normal chart to see where arrows are placed. From what I can see most trending systems are based on a moving average cross over of a signal line. The benefit of renko is that the directional changes are quick and visual allowing quick entry and exit if we can avoid false signals....
Hi folks,
at first thank you for sharing your stuff, Peter!
Does somebody know if the EA is running on Alpari? So far I got no trades. Does somebody use "Renko Live Chart" (if so which version) or how do you create the renko charts? And another question: Is it possible to use the EA on 10 m offline TF with renkoboxsize 10? Sorry for my noob questions...
Thank you for your efforts!
Best regards!
P.S.: I forgot something: I tested a very good renko system the last weeks - Renko Ashi 2.0 by Lordsfxt (http://www.forex-tsd.com/suggestions...system-27.html). It can be used for every pair. An EA for that system would be amazing.
Here are some visual backtest results:

GBPUSD
31JUL-31AUG 4025pips
31AUG-31SEP 2985pips

EURUSD
31JUL-31AUG 1720pips
31AUG-31SEP 1660pips

Do you think it is possible to use Peterīs EA for that system? Or is somebody able to create an EA?
  • #234
  • Nov 27, 2009 8:17am Nov 27, 2009 8:17am
Quoting peterke
THe attached files are the EA and an indicator
......
Let me know your comments

rgds

Peter

Hi Peter

i tested EA on AJ and EJ.
By flat market i have 70% lost trades with default setup


What make THV in your template?

regards
ff-friend
  • #235
  • Nov 27, 2009 1:47pm Nov 27, 2009 1:47pm
Peterke uses the THV3 Infopanel.

With a bit more attention that would have been noticed on what you see showup on your chart when you load the TPL.

I attach it here, as I personally dislike ppl that comment but do not contribute.
Load the indi and then restart the TPL and all should be fine and indicating properly.

Will test the EA the coming week.
These were NOT the days to trade, with Thanksgiving and the Dubai mess going on.
Attached File(s)
File Type: ex4 THV3 InfoPanel.ex4   27 KB | 604 downloads
  • #236
  • Edited 3:11pm Nov 27, 2009 2:45pm | Edited 3:11pm
Quoting Freddyfx
Peterke uses the THV3 Infopanel.

With a bit more attention that would have been noticed on what you see showup on your chart when you load the TPL.

I attach it here, as I personally dislike ppl that comment but do not contribute.
Load the indi and then restart the TPL and all should be fine and indicating properly.

Will test the EA the coming week.
These were NOT the days to trade, with Thanksgiving and the Dubai mess going on.
Thanks

I know this indicator.
the sense of my question was whether or not is it used in EA.
I think not used.
I have edited tpl and started EA without it now.
  • #237
  • Nov 27, 2009 8:17pm Nov 27, 2009 8:17pm
Okidoki, NO, not used in EA, but I have it on every platform I trade with, at least on one chart, as there is VERY useful info in that little setup.
  • #238
  • Nov 27, 2009 8:59pm Nov 27, 2009 8:59pm
Quoting Freddyfx
Okidoki, NO, not used in EA, but I have it on every platform I trade with, at least on one chart, as there is VERY useful info in that little setup.
Sorry, been bus for a few days. I use the THV on the chart mainly to see whats going on with the spread.

THe EA doesn't seem to be opening all the trades it should, will investigate further over the next few days.

Definititely need to trade with the trend and probably also will larger blocks
rgds
Peter
  • #239
  • Nov 30, 2009 12:48am Nov 30, 2009 12:48am
Hi Peter


"Current Use License Expired... "

No test of EA more
  • #240
  • Nov 30, 2009 3:36am Nov 30, 2009 3:36am
Quoting peterke
THe attached files are the EA and an indicator that shows entry signals. THe entry indicator is quite good for manual trading but it distorts history significantly. Eg it shows 100% winning entries


For scalping the ea seems to be best set up with

JPY pairs 15 or 20 pips
USD pairs 10 pips
EU 10 pips

Set with a 1/2 or a 2/3ema cross the QQE becomes redundant

Let me know your comments

rgds

Peter
What is the usage of QQE???

Or just ignore this indicator??
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