Renko Stoch TS

Hey Surfer! This is for you:

Something similar we all exsperience trading forex sometimes, I think

An EA for trading this simple method on renko and on 4H chart for eur/usd

1)Renko setings 25pips box eur/usd

ExpertName="Rimas_3rdEA"; ECNBroker=false; TradeBegin="00:00"; TradeEnd="23:55"; Magic=44466; Slippage=3; Lots=0.1; TakeProfit=60; StopLoss=60; NoTradeMonday=false; NoTradeFriday=false; TradeRest=6000; K_Period=5; D_Period=3; Slowwing=3; Stoch_Buy_1=50; Stoch_Buy_2=56; Stoch_Sell_1=50; Stoch_Sell_2=45; FastEMA=30; SlowEMA=100; EMAGaps=1;

2) 4H eur/usd chart ea settings

ExpertName="Rimas_3rdEA"; ECNBroker=false; TradeBegin="08:00"; TradeEnd="19:00"; Magic=44466; Slippage=3; Lots=0.1; TakeProfit=60; StopLoss=60; NoTradeMonday=false; NoTradeFriday=false; TradeRest=6000; K_Period=5; D_Period=3; Slowwing=3; Stoch_Buy_1=50; Stoch_Buy_2=56; Stoch_Sell_1=50; Stoch_Sell_2=45; FastEMA=30; SlowEMA=650; EMAGaps=30;

The EA doesn't open any trades...perhaps I did something wrong, but other EA's work so ... ?

Maybe there were no trades. But there was a trade actualy the ea opened right twenty minutes ago on renko chart. It chould work it is very simple. Make sure you allow live trades and simillar things.

SaintSurfer, I am interested in your EA which I've been running on my VPS with 3 out of 3 wins so far. I've changed the SL to 30 and the TP to 15 and renko bricks to 10 pips which is more in line with the way I manually trade it.

Can you provide some info on the EA's trading logic. I'm not a programer. I'm not sure what the 2 ema's do. I assume it only trades if price is above both ema's. But why not use one. Is it possible to disable this function?

Any info would be much appreciated.

I am not a programer either. Signal line is not used here only that fat one of the stoch. So croses is not important or something. I am not sure if price needs to be above both averages, but at least the fast average has to be above/below the slow one. You can variate with averages meachures for finding what is closest if the price just would be over/below of the mane average(here in your case). Thats how much I know.

Ive got the Renko going with wicks and noticed the body moves the desired amount, but am wondering how accurate this mt4 renko study is. Example, the box should be completed once a desired sum of pips in any direction has been reached right? But you compared the moves that are happening in a up/down trend you will see there should be more Renko boxes drawn than there is.

The Renko Bar moves in only if prices moves certain number of pips in that direction. Sometimes, it takes time to happen, Minutes and Minutes...

Usually, what I have notices is the next Renko bar is created immediately, if the price keep moving in the same direction. However, when prices stops and lurk around up/down and does not move in that direction the box are not formed.

When working with Renko and needs to define my SL, I use 2-Box plus couple of pips size.

Hope it helps