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Trading Renko

  • #661
  • Dec 16, 2009 12:05pm Dec 16, 2009 12:05pm
It's ok, I understand this is just for demo forward test.
I'll try it your way too, but with 15 pip trailing stop loss instead of 10 so we can compare results.

Quoting Chris_B
First of all...i don't guarantee nothing
Then...even in th backtest the EA more than 1 time had 4 consecutive losses...and if you use it on more pairs this number of losses can be higher...
Then...i've backtested it only with EURJPY...so i don't guarantee nothing on other pairs...
Then...i use the commercial renko script and i don't use wicks...i don't know if it affects EA results...
And then..i use 10pips bricks....

There are many differences in the way i'm testing it...

Anyway my forward test until now only on EURJPY 10pips bricks is this:...
  • #662
  • Dec 16, 2009 12:44pm Dec 16, 2009 12:44pm
Update:
trade 1. +30 pips
trade 2. +5 pips (trailing stop)
trade 3. -12 pips (stop & reverse)
trade 4. -9 pips (close condition)

As most of the systems...also this EA suffers in ranging periods...
Attached Image (click to enlarge)
Click to Enlarge Name: renko2.gif Size: 11 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #663
  • Dec 16, 2009 1:02pm Dec 16, 2009 1:02pm
Quoting Chris_B
Update:
trade 1. +30 pips
trade 2. +5 pips (trailing stop)
trade 3. -12 pips (stop & reverse)
trade 4. -9 pips (close condition)

As most of the systems...also this EA suffers in ranging periods...
Instead of a zero cross of the Trix, would a cross of (+/-) .05 or .075 or .1 help in ranging markets ?
  • #664
  • Dec 16, 2009 3:21pm Dec 16, 2009 3:21pm
Quoting Chris_B
Yes!! All right!! I'm using 10 pips brick size for renko

For the EA i'm testing with 30 TP, 30 SL and 10 Trailing...

In the next hours i will post an updated version of the EA...just a few improvements...but no changes in buy/sell rules..
what are the buy and sell rules of the ea?
  • #665
  • Dec 16, 2009 7:21pm Dec 16, 2009 7:21pm
Quoting stroker70
Instead of a zero cross of the Trix, would a cross of (+/-) .05 or .075 or .1 help in ranging markets ?
I don't touch nothing for now...i want to see if the results reflect the backtest...with the exact same parameters...
Market is like a puzzle, YOU have to fit the pieces!!
  • #666
  • Dec 16, 2009 7:22pm Dec 16, 2009 7:22pm
Quoting delinquent
what are the buy and sell rules of the ea?
Price crossing a 8 LWMA and trix crossing 0 line...
Market is like a puzzle, YOU have to fit the pieces!!
  • #667
  • Dec 17, 2009 3:45am Dec 17, 2009 3:45am
BAD NEWS!!

I'm very very very sorry...but i have seen right now a bad news!!

The first backtest i made with my EA was unfortunately with an old version of renko script...i was not aware of that...so the price movements was not near to reality..

I've re-done the backtest with the last version of the script...the EA is still profitable in the backtest...but the results are very different...

Sorry for my mistake!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TesterGraph3.gif Size: 6 KB
Click to Enlarge Name: report3.GIF Size: 18 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #668
  • Dec 17, 2009 7:49am Dec 17, 2009 7:49am
Hello Chris_B, first sorry for my bad english.

I am very interested in using an EA with renko bars. I tried your EA Nitro in different configurations:

- Using the INDICATOR RenkoLiveChart_v3.0 in 1 minute graph to generate an M2offline graphic and insert in your Nitro EA.
- The same using EA RenkoLiveChart_v3.0

Just work, but do not trade, nothing.

I tried even with 2 brokers, one with 4 decimals and the other with 5. Don't trade.

Please, could indicate specifically how to proceed (step by step) for use an EA in a Renko Graph? (don't know if any system is possible or it must be on some specific features for use offline) And can you post the last updated version of every indicator or EA necessary for do it?

Thanks
  • #669
  • Dec 17, 2009 9:33am Dec 17, 2009 9:33am
Quoting anscari70
Hello Chris_B, first sorry for my bad english.

I am very interested in using an EA with renko bars. I tried your EA Nitro in different configurations:

- Using the INDICATOR RenkoLiveChart_v3.0 in 1 minute graph to generate an M2offline graphic and insert in your Nitro EA.
- The same using EA RenkoLiveChart_v3.0

Just work, but do not trade, nothing.

I tried even with 2 brokers, one with 4 decimals and the other with 5. Don't trade.

Please, could indicate specifically how to proceed (step by step) for use an EA in a Renko Graph? (don't know...
Use the RenkoLiveChart_v3.2.
It (v3.2) have an option (EmulateOnLineChart) that will make it send ticks to any EA attached to the offline renko chart. So you can run your EA on the renko offline chart just as you would a normal chart.

eTrader,
  • #670
  • Dec 17, 2009 1:09pm Dec 17, 2009 1:09pm
Can you post that new renko script you used in your back-test or is it a commercial version?
Your ea did ok for me today, sold eurjpy at 129.58 for 30 pips.
Don't give up too soon Chris, I think your getting closer to making a very good renko chart trading ea.

Quoting Chris_B
BAD NEWS!!

I'm very very very sorry...but i have seen right now a bad news!!

The first backtest i made with my EA was unfortunately with an old version of renko script...i was not aware of that...so the price movements was not near to reality..

I've re-done the backtest with the last version of the script...the EA is still profitable in the backtest...but the results are very different...

Sorry for my mistake!!
  • #671
  • Dec 17, 2009 1:31pm Dec 17, 2009 1:31pm
Thanks eTrader. Now it works fine.
  • #672
  • Dec 18, 2009 1:50am Dec 18, 2009 1:50am
Another question, now I've my EA working in a Renko Live Chart, and I can see how trade on line. But if I want a backtest, how can I do it? If I try, my metatrader don't show the M2offline as a option of backtester.

Thanks again.
  • #673
  • Dec 18, 2009 2:36am Dec 18, 2009 2:36am
Quoting 45Fxguy
Can you post that new renko script you used in your back-test or is it a commercial version?
Your ea did ok for me today, sold eurjpy at 129.58 for 30 pips.
Don't give up too soon Chris, I think your getting closer to making a very good renko chart trading ea.
I'm sorry but the renko script is the last version of the commercial one...i can't post it...
If you want you can continue to test my EA...in the meantime i'm working on a new version...that looks promising...but too soon to say it..
Market is like a puzzle, YOU have to fit the pieces!!
  • #674
  • Dec 20, 2009 2:34pm Dec 20, 2009 2:34pm
Quoting Chris_B
Price crossing a 8 LWMA and trix crossing 0 line...
Do you use a trix setting of 3 or 2 in your trading ?
  • #675
  • Dec 21, 2009 12:20pm Dec 21, 2009 12:20pm
Hi there,

How do you guys backtest Renkos or EAs based on Renkos?

I realized backtesting with Renkos may not be reliable, however I just want to test my EA whether it successfully recognizes Renko patterns, eventhough the renkos were formed by unreliable data. That's a start for me.

Thanks,

Nick.
  • #676
  • Dec 21, 2009 2:47pm Dec 21, 2009 2:47pm
Quoting globalinvest
Do you use a trix setting of 3 or 2 in your trading ?
Hi...I used Trix 3 in that EA...and Trix 2 in another EA...

Anyway...i've verified that backtet of renko is useless...the movement of the price during backtest are not similar to the realtime data...
Market is like a puzzle, YOU have to fit the pieces!!
  • #677
  • Dec 21, 2009 4:19pm Dec 21, 2009 4:19pm
oki doki ...
and how is your ea coming along ?
  • #678
  • Dec 22, 2009 12:19am Dec 22, 2009 12:19am
Quoting anscari70
Another question, now I've my EA working in a Renko Live Chart, and I can see how trade on line. But if I want a backtest, how can I do it? If I try, my metatrader don't show the M2offline as a option of backtester.

Thanks again.
anscari70,

Read this thread & I think you will find your answer.

http://www.forexfactory.com/showthre...27#post3250627
  • #679
  • Dec 22, 2009 5:59am Dec 22, 2009 5:59am
Quoting globalinvest
oki doki ...
and how is your ea coming along ?
Actually i'm forward testing another version of my EA...but this time for scalping...with the original NITRO concept..
In the renko backtest (not accurate) it gave me 96% of hit rate...
In the forward test is giving me 90% hit rate until now...but 2 or 3 days are a too limited time to make a test..
Anyway the problem is always the risk/reward ratio when we talk about scalping...I'm going for 5 pips risking 30 pips...and this is not the only problem...
In order to use such a strategy you need a broker that can give you a very low spread (spread matters!!) and guaranteed fills with the less slippage possible...and we all know it's real hard to find one...
Anyway i'm forward testing with a broker with not the best spreads...in the next day i will forward test also with another broker in order to compare results...but in live trading i'm pretty sure it will be worse...
Another important thing...not all pairs react well with this kind of scalping...i'm having good results with EURJPY but not with GBPJPY (too volatile and spread too high)...I suppose that also EURUSD can be good because the spread is low and is less volatile...

I'm not at my home with my PC now...but this evening i will post some results...so you can view better...

I'm not so excited because of the brokers out there don't make things simple...but in few words i can say that:

Original NITRO strategy (10 pips renko bricks) is possible to trade BUT ONLY with the right pairs, a low spread and without slippage.

I would be curious to try my EA rules with Tradestation for example (where original NITRO was created)...because I think is more reliable in backtest...unfortunately i can't do it..
Market is like a puzzle, YOU have to fit the pieces!!
  • #680
  • Dec 22, 2009 10:02am Dec 22, 2009 10:02am
Ok...here are the pictures....

I was testing 2 different EAs...one on EURJPY (Nitro Detonator 1.0) and one on EURUSD (Nitro Detonbator 1.5).

Here i'm talking about EURJPY.

This is my list of trades...from this list you have to not consider the trades on EURUSD and not consider the trade on EURJPY with -65$ loss...because it was my manual error to get out that trade taken by the EA...

So the result is:

total of 14 trades

12 wins
2 loss

As you can see the losses are big (around -30pips) and the wins are small (around +5 pips)...
Yes...the hit rate is high...but not enough to sustain this TP and SL...
I have an average of 1 loss every 6 trades...buy as i said...2 or 3 days of test is not enough...
I have to say that 1 loss trade has been triggered during news time...

It would not use such an EA with a real account...until i find a way to have a better risk/reward and mantain a high hit rate...not a simple thing to achive..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: det1.gif Size: 10 KB
Click to Enlarge Name: det2.JPG Size: 157 KB
Market is like a puzzle, YOU have to fit the pieces!!
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