Renko-Snowball | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading the anti-grid with the snowball EA 126 replies

Rolling Snowball for Fun 53 replies

Snowball - Remove Stop Loss from EA 3 replies

Snowball Scalping 3k = 50K 4 replies

Snowball EA configuration 2 replies

Attachments: Renko-Snowball
Exit Attachments

Renko-Snowball

  • #1
  • First Post: Feb 28, 2011 6:22am Feb 28, 2011 6:22am
Welcome:=)

I wrote an ea based on a strategy called snowball...
it means making pips openning more orders step by step at same interval..
I use renko expert to see chart clearly...
Than add my expert to the chart to start trading...

Here steps..

1= open EURUSD 1m chart and add renko live expert(it should be in expert advisor folder and renkobox size =5)
2= go file\open offline and select EURUSD 2M chart and click open
3= add my expert renkobuyer expert on that second chart(EURUSD 2M) chart(again it should be in expert advisor folder)...
4= All these two charts should be open...

the logic behind this idea is openning 10 stop orders accordingly last renko bar's color.. I choose distanse(dis)=50 points it should be same as renkobox size...
these orders profits and stoplosses are predifened...
app. 275 pips/ and max loss can be 20 pips. reward/risk = 13.75
it is really high.

I need to test it forwardly but my internet connection is very low.. and limited...
So I need help about that...
Thank you for your time///
Attached File(s)
File Type: ex4 renkobuyer.ex4   7 KB | 1,717 downloads
File Type: mq4 RenkoLiveChart_v3.2.mq4   14 KB | 1,414 downloads
  • #2
  • Feb 28, 2011 6:52am Feb 28, 2011 6:52am
I have found VQ indicator to be the most accurate in the long run...here is an EA with VQ indicator. However, all EA eventually even out and only way i feel to profit from EA's is to martingale it when in loss.

The EA attached does not martingale. If someone could add martingale function to the EA...it should show great results. Attach the indicator to the chart when using the EA.

My idea would be to add lots when in loss and start over when in profit like. It is similar to above method of adding lots but the underling indicator VA is better.

0.01 to 0.02 to 0.03 to 0.04 etc...not exactly doubling just adding one more lot that is enough i feel for forex martingle due to high volatility..once the profit is obtained, the ea would start over..also we could give TP and SL or just leave it as is till the direction changes.
Attached File(s)
File Type: mq4 Volatility Quality Expert Advisor.mq4   5 KB | 1,343 downloads
File Type: mq4 VQ.mq4   7 KB | 1,341 downloads
  • #3
  • Feb 28, 2011 7:52am Feb 28, 2011 7:52am
here an image... while expert is working
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader.png Size: 142 KB
  • #4
  • Feb 28, 2011 8:17am Feb 28, 2011 8:17am
Quoting cozbek88
here an image... while expert is working
Hi Cozbek88,

I just setup the charts with the EA's attached all working as supposed so we will see how it goes.

I will keep a eye on them and let you know if there are strange things happenning.

AJ
  • #5
  • Feb 28, 2011 8:50am Feb 28, 2011 8:50am
Quoting cozbek88
Welcome:=)

I wrote an ea based on a strategy called snowball...
it means making pips openning more orders step by step at same interval..
I use renko expert to see chart clearly...
Than add my expert to the chart to start trading...

Here steps..

1= open EURUSD 1m chart and add renko live expert(it should be in expert advisor folder and renkobox size =5)
2= go fileopen offline and select EURUSD 2M chart and click open
3= add my expert renkobuyer expert on that second chart(EURUSD 2M) chart(again it should be in expert advisor folder)...
4=...
Hi Cozbek,
Thanks for sharing your system. I have spare in my VPS and I am pleased to forward test your EA. Will let you know the result tomorrow.

Regards,
  • #6
  • Feb 28, 2011 9:04am Feb 28, 2011 9:04am
Quoting belka
Hi Cozbek,
Thanks for sharing your system. I have spare in my VPS and I am pleased to forward test your EA. Will let you know the result tomorrow.

Regards,
thank you for spending time for us...
I have big hope on this system because I wrote a previous version something like that.. and it made very good on backtesting... very very good

so I hope this one works.....
Thank you again
  • #7
  • Feb 28, 2011 9:35am Feb 28, 2011 9:35am
Quoting cozbek88
thank you for spending time for us...
I have big hope on this system because I wrote a previous version something like that.. and it made very good on backtesting... very very good

so I hope this one works.....
Thank you again
Please confirm, what the correct point distance is. Is it 50 or 5?

Thanks,
  • #8
  • Feb 28, 2011 9:56am Feb 28, 2011 9:56am
Quoting belka
Please confirm, what the correct point distance is. Is it 50 or 5?

Thanks,
dis should be 50...
Thanks...
  • #9
  • Feb 28, 2011 9:59am Feb 28, 2011 9:59am
Here another image while ea working...
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 266 KB
  • #10
  • Feb 28, 2011 10:34am Feb 28, 2011 10:34am
Quoting cozbek88
dis should be 50...
Thanks...
yeah,...but I see you use a 5 digit broker, while mine is 4 digit broker. When I set it to 50 there were no pending orders opened, then I changed it to 5 and pending orders opened.

Thanks,
  • #11
  • Feb 28, 2011 11:25am Feb 28, 2011 11:25am
The EA is not changing the pending orders when a Renko closes in the other direction.
  • #12
  • Feb 28, 2011 2:22pm Feb 28, 2011 2:22pm
Quoting billbss
The EA is not changing the pending orders when a Renko closes in the other direction.
Yes not always it changes the direction...
if the last bar green and sell orders==0 and sellstop orders>0 and <step than clear all of them and starts again...

if you say it should close all of them when a green bar formed (for shorts)
I can write it too.. But I think it cause jam..
After a forward test we can change details...
Thank you for your help...
  • #13
  • Feb 28, 2011 2:23pm Feb 28, 2011 2:23pm
Quoting AJvdB
Hi Cozbek88,

I just setup the charts with the EA's attached all working as supposed so we will see how it goes.

I will keep a eye on them and let you know if there are strange things happenning.

AJ
Thank you for contribution AJ...
  • #14
  • Feb 28, 2011 6:31pm Feb 28, 2011 6:31pm
Quoting cozbek88
Here another image while ea working...
Here is the results of the EA during 8 hours
[IMG]http://i51.tinypic.com/ezx41.jpg[/IMG]
  • #15
  • Feb 28, 2011 9:01pm Feb 28, 2011 9:01pm
Quoting cozbek88
Yes not always it changes the direction...
if the last bar green and sell orders==0 and sellstop orders>0 and <step than clear all of them and starts again...

if you say it should close all of them when a green bar formed (for shorts)
I can write it too.. But I think it cause jam..
After a forward test we can change details...
Thank you for your help...
I think if we can add to close all open & pending trades on a certain basket profit level, then we can get profit earlier. Look at the attached current open positions where the basket had been in profit but became loss with the price retrace
[IMG]http://i52.tinypic.com/2wfkb37.jpg[/IMG]
  • #16
  • Edited 11:51pm Feb 28, 2011 10:48pm | Edited 11:51pm
Belka... Firstof all thank you...
There is a piece of code inside the ea that I made inactive... it has the exact thing that you want... I will add now

target is total pips that you wish to reach...
loss is max loss that you want trades closed...
fark: increase the level stop orders' openning price

mod: pips that an order should be modified.
modify: 1 is active 0: is inactive

by the way stop loss is still exist... I dont trust any ea about closing orders...
you can increase stoploss from "sl" option...
Attached File(s)
File Type: ex4 renkobuyer1.1.ex4   8 KB | 979 downloads
  • #17
  • Feb 28, 2011 11:09pm Feb 28, 2011 11:09pm
What the bar size? is it 50 points or 5 points
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #18
  • Feb 28, 2011 11:17pm Feb 28, 2011 11:17pm
1= open EURUSD 1m chart and add renko live expert(it should be in expert advisor folder and renkobox size =5)

I choose distanse(dis)=50 points it should be same as renkobox size...

THIS IS A LITTLE CONFUSING. IS IT BAR SIZE IS 5 PIPS OR 50 PIPS



Quoting cozbek88
Welcome:=)

I wrote an ea based on a strategy called snowball...
it means making pips openning more orders step by step at same interval..
I use renko expert to see chart clearly...
Than add my expert to the chart to start trading...

Here steps..

1= open EURUSD 1m chart and add renko live expert(it should be in expert advisor folder and renkobox size =5)
2= go fileopen offline and select EURUSD 2M chart and click open
3= add my expert renkobuyer expert on that second chart(EURUSD 2M) chart(again it should be in expert advisor folder)...
4= All...
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #19
  • Edited Mar 1, 2011 12:05am Feb 28, 2011 11:50pm | Edited Mar 1, 2011 12:05am
Quoting zamanib
1= open EURUSD 1m chart and add renko live expert(it should be in expert advisor folder and renkobox size =5)

I choose distanse(dis)=50 points it should be same as renkobox size...

THIS IS A LITTLE CONFUSING. IS IT BAR SIZE IS 5 PIPS OR 50 PIPS
I see.. at renko expert 5 means 50 point in a five digit broker...
so at my expert 50 equals 5 at renko expert ...
if you use 30 point at my expert it corresponds 3 at renko..
30 means 3 pips at a 4 digit broker by the way...

I wrote this expert for 5 digit broker...
but renko expert is for 4 digit and also for 5 digit broker...
so 5 at renko is 5 pips for both...
but at my expert 50 equals 5 pips at a 4 digit broker

sorry for confusion
  • #20
  • Mar 1, 2011 12:09am Mar 1, 2011 12:09am
Quoting cozbek88
Belka... Firstof all thank you...
There is a piece of code inside the ea that I made inactive... it has the exact thing that you want... I will add now

target is total pips that you wish to reach...
loss is max loss that you want trades closed...
fark: increase the level stop orders' openning price

mod: pips that an order should be modified.
modify: 1 is active 0: is inactive

by the way stop loss is still exist... I dont trust any ea about closing orders...
you can increase stoploss from "sl" option...
OK Cozbek,...I'll test it over
0 traders viewing now