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Renko-Snowball

  • #21
  • Edited 1:20am Mar 1, 2011 1:18am | Edited 1:20am
Hi Guys,

I am about to setup the system on my VPS, I have everything loaded up, only thing I got totally confused at is expert settings for v1.1. May I ask Belka please to show your expert settings for renkobuyer1.1 (I am 4 digit as well). For the time being I started the expert with the original settings (dis=50, step=10, etc...).

Regards,
SPR
  • #22
  • Mar 1, 2011 1:43am Mar 1, 2011 1:43am
Quoting spiderforex
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.

I'm a complete noob when it come's to EA's as I have traded strictly manual in my time in forex, but just out of curiosity and I apologize as this is slightly off topic, but why is it that all EA's eventually come out even?
  • #23
  • Mar 1, 2011 3:22am Mar 1, 2011 3:22am
Hi,

Someone have backtested this ea?
  • #24
  • Edited 3:58am Mar 1, 2011 3:38am | Edited 3:58am
Quoting tigersoft
Hi,

Someone have backtested this ea?
I have bactested a previous version that was independent. It turned 10000 to 600000 in just three months and it used just 0.01 lots
but we cannot back test it because it depend on renko.. but not much. I can add a code to make it independent but time is limited and backtests are not trustable...

By the way I changed settings on 1.1 and it is working for 3 hours.. it made really good...

(first drawdown is because of me... the ea is started where the slope is positive....)
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
  • #25
  • Mar 1, 2011 4:02am Mar 1, 2011 4:02am
last settings for 1.1 are 0.01: 30 :5 :2000 :20:60:60:1
and for renko expert : renkoboxsize =5
you may wanna try
  • #26
  • Mar 1, 2011 4:57am Mar 1, 2011 4:57am
You can backtest Renko strats in Nanostation , but they use Express Language not MQL. you could even "click togehther" startegies without programming skills , but iam not sure if it would work with this strategie .

Anyway thanks for your work!
  • #27
  • Mar 1, 2011 5:50am Mar 1, 2011 5:50am
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= All...
Hi,
There are two things i would like to get some clarifications:
1. you have given files to download one EA and I can copy them to the experts directory structure. I have downloaded the newer version also..
what about the other one RenkoLivechart?

2. I don't have the option of opening the offline chart for 2M . all i have is either 1M or 5M. How can we get the 2M chart offline..



Thanks in advance.

velli
  • #28
  • Mar 1, 2011 6:40am Mar 1, 2011 6:40am
Quoting kvellimalai
Hi,
There are two things i would like to get some clarifications:
1. you have given files to download one EA and I can copy them to the experts directory structure. I have downloaded the newer version also..
what about the other one RenkoLivechart?

2. I don't have the option of opening the offline chart for 2M . all i have is either 1M or 5M. How can we get the 2M chart offline..



Thanks in advance.

velli
Hi kvellimalai,

Go to upper left corner of MT4, push "file" button, push "open offline", scroll down till you find "EURUSD,M2" double click on that and whola.

good luck

AJ
  • #29
  • Mar 1, 2011 6:42am Mar 1, 2011 6:42am
Are these 4 digit or 5 digit settings as 30 is 3 pip distance between levels on my broker with 60 or 6 pip stop loss you could just get wipsawed to death on this nevermind the broker spread charges

Quoting cozbek88
last settings for 1.1 are 0.01: 30 :5 :2000 :20:60:60:1
and for renko expert : renkoboxsize =5
you may wanna try
  • #30
  • Mar 1, 2011 7:15am Mar 1, 2011 7:15am
Hi Ajvdb
i have followed your instructions but into the offline chart list i dont't have any EURUSD,M2.
Thank you for your support.
Regards
  • #31
  • Mar 1, 2011 7:28am Mar 1, 2011 7:28am
Quoting tower
Hi Ajvdb
i have followed your instructions but into the offline chart list i dont't have any EURUSD,M2.
Thank you for your support.
Regards
Hi Tower,

First open a M1 chart the normal way, than attach the RenkoLiveChart_v3.2
expert advisor on that chart, in the top left corner you should see now
"RenkoLiveChart: Open Offline EURUSD, M2 to view chart"
Give it some time to collect the data and then go to my first instructions.

good luck

AJ
  • #32
  • Mar 1, 2011 7:40am Mar 1, 2011 7:40am
Hi cozbek88! Just want to ask, does the VQ expert advisor open together with the renkobuyers expert advisor?? thanks for reply!!
  • #33
  • Mar 1, 2011 8:10am Mar 1, 2011 8:10am
Ok Ajvdb,
it works.
Thank you for your help.
Regards
  • #34
  • Mar 1, 2011 11:04am Mar 1, 2011 11:04am
hello cozbek,

thanks for your sharing which I think has a good potential.

I would like you to make 2 additions to the EA if possible. Firstly, a magic number parameter addition. So that we can test it on several parities with one account. And secondly, an working hours parameter, so that we could avoid slow times like Asian session.

thanks in advance...
  • #35
  • Mar 1, 2011 11:25am Mar 1, 2011 11:25am
Hello thanks for nice ea can you again post your settings for 5 digit brokers

the settings you posted is it for 5 digit?

I see you use higher Target, it means positions will not be closed until target is reached?
  • #36
  • Mar 1, 2011 2:41pm Mar 1, 2011 2:41pm
Quoting arlaxlee
Hi cozbek88! Just want to ask, does the VQ expert advisor open together with the renkobuyers expert advisor?? thanks for reply!!
Hi...
I dont understand what you mean with VQ ?
  • #37
  • Mar 1, 2011 2:41pm Mar 1, 2011 2:41pm
Quoting isengoz
hello cozbek,

thanks for your sharing which I think has a good potential.

I would like you to make 2 additions to the EA if possible. Firstly, a magic number parameter addition. So that we can test it on several parities with one account. And secondly, an working hours parameter, so that we could avoid slow times like Asian session.

thanks in advance...
Ok I will add it now and publish it...
Will be named 1.2
  • #38
  • Mar 1, 2011 2:43pm Mar 1, 2011 2:43pm
Quoting geobull
Hello thanks for nice ea can you again post your settings for 5 digit brokers

the settings you posted is it for 5 digit?

I see you use higher Target, it means positions will not be closed until target is reached?
Hi Yes for target question adn these settings for the 5 digit...
  • #39
  • Mar 1, 2011 2:55pm Mar 1, 2011 2:55pm
Here are the version 1.2... I include magic number and working hours (hope will work
Attached File(s)
File Type: ex4 renkobuyer1.2.ex4   9 KB | 658 downloads
  • #40
  • Mar 1, 2011 3:04pm Mar 1, 2011 3:04pm
by the way which times do you think more active for eurusd to use this expert? and when we should avoid?
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