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Attachments: My Renkodss System
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My Renkodss System

  • #1
  • First Post: Edited 4:33am Dec 25, 2009 3:08am | Edited 4:33am
I decided to share with you my strategy but need your help to program a good EA for it and make enough backtests to be able to use it on a live account. Any suggestions or new ideas are welcome.

RENKODSS System description:
------------------------------
1-My system uses the Renko Chart 20 pips (you can try different bars) and the Robby DSS Bressert Colored.

2-I use 9 Robby DSS indicators on the same chart (EURUSD) with different EMA_periods, from 3 to 11. See Chart.

3-
Open Long: when all dots are blue / Close long: when one dot is red
Open Short: when all dots are red / Close Short: when one dot is blue

4-You can use Alpari data to have enough history.

5-If you know how to backtest and maybe optimize on a Renko Chart that would be great.
Attached Image (click to enlarge)
Click to Enlarge Name: renkodss.gif Size: 35 KB
Attached File(s)
File Type: mq4 RenkoLiveChart_indicator.mq4   9 KB | 660 downloads
File Type: mq4 Robby DSS Bressert Colored v1.1.mq4   3 KB | 854 downloads
File Type: tpl RenkoDSS.tpl   6 KB | 639 downloads
  • #2
  • Dec 25, 2009 4:10am Dec 25, 2009 4:10am
Can not download the attachment. It is in php format.
  • #3
  • Dec 25, 2009 4:19am Dec 25, 2009 4:19am
yep, Sorry, Now it's working.
  • #4
  • Dec 25, 2009 4:24am Dec 25, 2009 4:24am
Doing a manual backtest this system made 440 pips on last November on the EURUSD pair with 20 pips Renko bar.

We have to check it for the pervious months and years.
  • #5
  • Dec 25, 2009 6:46am Dec 25, 2009 6:46am
Thanks a lot for sharing, it seem promissing. How about TF you use the best and pairs?
  • #6
  • Dec 25, 2009 9:01am Dec 25, 2009 9:01am
Quoting Peretola
How about TF
Renko doesn't have TF number of pips per bar/brick it's your TF:

more pips per bar higher TF it is. Consider 5 pips per brick = (Approx) 15M

10 pips per brick about 1H +

and 20 pips per brick acting like Daily.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #7
  • Dec 26, 2009 4:41am Dec 26, 2009 4:41am
Quoting sayopips
I decided to share with you my strategy but need your help to program a good EA for it and make enough backtests to be able to use it on a live account. Any suggestions or new ideas are welcome.

RENKODSS System description:
------------------------------
1-My system uses the Renko Chart 20 pips (you can try different bars) and the Robby DSS Bressert Colored.

2-I use 9 Robby DSS indicators on the same chart (EURUSD) with different EMA_periods, from 3 to 11. See Chart.

3-
Open Long: when all dots are blue / Close long: when one dot is red
Open...
that particular renko was repaint isnit.. but thx for sharing~
  • #8
  • Dec 27, 2009 3:51am Dec 27, 2009 3:51am
I'm at the moment also planning to write an EA based on DSS.

What I think, is a good contribution to DSS is the nonsmoothed Heikin-Ashi, as they both are reacting very precise and fast
and what I've seen from visual backtesting, false signals are very often eliminated by one of them.

I willl also use both to identify the higher trend in a higher time frame and only trend in the direction of it.
  • #9
  • Dec 27, 2009 7:16am Dec 27, 2009 7:16am
I never seen renko system before, thanks for share I gonna try it,

Is it good on GBP either ?

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chaikin volatility
  • #10
  • Dec 27, 2009 2:31pm Dec 27, 2009 2:31pm
Quoting chjungen
I'm at the moment also planning to write an EA based on DSS.

What I think, is a good contribution to DSS is the nonsmoothed Heikin-Ashi, as they both are reacting very precise and fast
and what I've seen from visual backtesting, false signals are very often eliminated by one of them.

I willl also use both to identify the higher trend in a higher time frame and only trend in the direction of it.
Most MT4 indicators never fully and properly are in sync with renko blocks....

http://www.forexfactory.com/showthre...19#post3293819
  • #11
  • Dec 27, 2009 2:32pm Dec 27, 2009 2:32pm
Quoting errich fx
I never seen renko system before, thanks for share I gonna try it,

Is it good on GBP either ?

------------

chaikin volatility

Heres another one on FF, and I think the renko indy, script and EA are better :-
http://www.forexfactory.com/showthre...89#post3170489
  • #12
  • Last Post: Dec 30, 2009 11:03am Dec 30, 2009 11:03am
Could someone backtest this system on renko chart?
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