Three pairs hedging/Renko | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Three Pairs Hedging 1,211 replies

RENKO Trading SYSTEM - RENKO Indicators 7 replies

Pairs Symbol Indi changer for Renko 9 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

Need help hedging Exotic Pairs 2 replies

Attachments: Three pairs hedging/Renko
Exit Attachments

Three pairs hedging/Renko

  • #141
  • Jul 28, 2012 5:12am Jul 28, 2012 5:12am
Quoting niepce
I've started coding a mt4 ea for this.

I need to know a detail : at the beginning of the routine, do you open the 3 pairs basket at t0, then start monitoring the renko bull bars creation to add additional positions ?

Or instead, do you start with an empty basket, take a snapshot of the current renko, then only open each position according to the renko bull bars ?

See the difference ? Start with an empty or full basket ...

Thanks in advance


Edit : and for the globalTP, if we are using 0.3 lot, can you confirm the process : if equity minus balance>+20$,...

The first code we used in mt4 was very simple. It was to trigger a market order at close of a candle. With the option of forward or reverse. Meaning that if the closed candle was an up candle it will buy .... and if in reverse mode... with up candle, it will sell. Have an individual SL and TP for each order and a global TP ans SL

Also, code a ck to buy only or sell only... or you can use the "common" setting of the mt4 to have Shorts only or longs only for that.

With that code you can make infinite strategies. The math regarding lot and number of pips for each pair (renko bar size) you do in paper. There is nothing to monitor later on. You should do the calculation before hand.

At start and thereafter, the code will execute at close of bar... so they will never trigger all together. If you load the code to a 25 pips renko, it will execute with 25 pips and if in 30 renko, will execute at 30... etc.

J.
.
  • #142
  • Aug 1, 2012 10:42pm Aug 1, 2012 10:42pm
Jeuro -- FYI

Here is the result that was created by my multi-currency tester for the year - 2011. I have customized the tester to implement your strategy for EU,UC,EC and generate the three renko bar charts simultaneous in the EA.

I use the 1M charts and run them through a tick simulator/generator. I filter out big bar moves greater than 40 pips which are typically caused by chart gaps, NFP,.... Using 20, 20, 7 bars, Global Tp and Sl. Profit factor is 1.31 without money mgmt- disregard anything with a $ sign. See details in attached.

I can convert to different currency circles by merely changing 4 or 5 externs. This has only been running for a couple days so no warranties expressed or implied.

Regards, KingHigh




PHP Code
Start: Trade Handle = 1Closed Handle 1, EURUSD,M9204.  KH_Hedge(20): Open Offline EURUSD,M9204 to view chart. File Length = 140288, HBarCnt = 3185, HBarUpCnt = 1578, HBarDnCnt = 1607
Closed Handle 2, USDCHF,M9204.  KH_Hedge(20): Open Offline USDCHF,M9204 to view chart. File Length = 76004, HBarCnt = 1724, HBarUpCnt = 856, HBarDnCnt = 868
Closed Handle 3, EURCHF,M9074.  KH_Hedge(7): Open Offline EURCHF,M9074 to view chart. File Length = 1079116, HBarCnt = 24522, HBarUpCnt = 12214, HBarDnCnt = 12308
!!!KH Renko Circle Hedge v3: CurTime=2012.08.02 03:07: EURUSD, Prd=1, Start=2010.12.31, End=2012.01.01, Days = 366.0, Weeks = 52.3, TP=0.0, SL=0.0, BarsPerDay=1411
##################
TotPips = 26673, TotDlrs = $-10000, $/Pip = $0.00, BuyWPips = 5.6795, BuyLPips = -4.3985, SellWPips = 5.6096, SellLPips = -4.2233, TotalWinPips = 11.2892, TotalLossPips = -8.6218, Slip = 1.0, Sprd = 1.0, TotSprd = 28794, SprdRatio=0.93
BuyW/L = 10368/4374, SellW/L = 10394/4295, TotalTrades = 29431, TotalW/L = 20762/8669, AveBW/L = 0.00055/-0.00101, AveSW/L = 0.00054/-0.00098
AveWin = 0.00054, AveLoss = -0.00099, Buy%W/L = 70.3%/70.8%, Tot%Win = 70.5%, PFB/S = 1.29/1.33, PF = 1.31, AveTradePips = 0.91, AveSimTrades = 0.00000000, MaxSimTrades = 0@1970.01.01 00:00
MaxConSeqWins = 29/0.01383, MaxConSeqLosses = 11/0.02033, MaxConSeqBWins = 35/0.02182, MaxConSeqBLosses = 15/0.02614
MaxConSeqSellWins = 38/0.01806, MaxConSeqSellLosses = 9/0.01817, MaxWinPips = 0.01377@2011.08.17 06:58, MaxLossPips = -0.01642@2011.08.09 18:22, LLTotPips = 0.00000@1970.01.01 00:00, MaxDD = 0.00000@2011.01.02 23:42
  • #143
  • Aug 1, 2012 10:59pm Aug 1, 2012 10:59pm
Jeuro,

I run two circles simultaneously which I call POS_SET and NEG_SET. POS_SET does a B, B, S and the NEG_SET does a S, S, B - based on whether we have up or down bars.

Prof and Loss are managed completely separate from each other - works great.

KingHigh
  • #144
  • Aug 2, 2012 12:39pm Aug 2, 2012 12:39pm
Quoting KingHigh
Jeuro,

I run two circles simultaneously which I call POS_SET and NEG_SET. POS_SET does a B, B, S and the NEG_SET does a S, S, B - based on whether we have up or down bars.

Prof and Loss are managed completely separate from each other - works great.

KingHigh

Great work KH.
Exactly how it should be done. Running the 2 legs simultaneously but independently from each other. I use different magics for that.

I am running greater bars then 20/20/7 is my real accounts. Mainly to avoid a large number of orders. With greater bars, spikes of 100 pips are not a major problem for the system.

Also, I am staying away from CHF and YEN... they are too prompt to interventions. The math does not fail, but execution could be a problem for those cases.

J.
  • #145
  • Aug 2, 2012 4:47pm Aug 2, 2012 4:47pm
Anyone care to share coding ideas... I know a little of MQL... but not much, what it might take someone 1 day, will take me 7 days to do



How are you doing the RENKO part of this, do you program this into the EA or do you call this from an indie?
  • #146
  • Aug 3, 2012 11:36am Aug 3, 2012 11:36am
Quoting guess121
How are you doing the RENKO part of this, do you program this into the EA or do you call this from an indie?
Although I use my renko chart generation SW, I do not actually generate the charts. I can generate any nbr of renko block sizes in the same EA. Using the multiple Renko charts is cumbersome for this type of EA.

Should I figure out how to use a 4 or 5 Pair hedged circle profitably, it is merely a change of 4 or 5 extern variables to do this. I have spent 100's of hours developing this capability - beware - it requires a lot of thought and design skills.


KH
  • #147
  • Aug 3, 2012 2:09pm Aug 3, 2012 2:09pm
ok good luck.. this probably excludes my skills



Quoting KingHigh
I have spent 100's of hours developing this capability - beware - it requires a lot of thought and design skills.
KH
  • #148
  • Aug 7, 2012 3:14pm Aug 7, 2012 3:14pm
I have been trading two pairs very successfully. But you must be able to hold the trades for weeks or months and take a draw against your position with no stop ( so money management is a key as well).
Trade Garlic
  • #149
  • Sep 11, 2012 8:42am Sep 11, 2012 8:42am
Quoting KingHigh
Jeuro,

I run two circles simultaneously which I call POS_SET and NEG_SET. POS_SET does a B, B, S and the NEG_SET does a S, S, B - based on whether we have up or down bars.

Prof and Loss are managed completely separate from each other - works great.

KingHigh

Hello,
I`m trying to play Your method to make two circles simultaneously. I have only one little question. How to monitor equity separately for each circle ? I have an ea that monitor equity and close it in profit of the hole cirle but I cant imagine how to do it for two circles simultaneously at a time ? any hints ?

Best Regards
  • #150
  • Oct 10, 2012 11:43pm Oct 10, 2012 11:43pm
Quoting kareem40
I have been trading two pairs very successfully. But you must be able to hold the trades for weeks or months and take a draw against your position with no stop ( so money management is a key as well).
What pair do you trade? is it working for long run?
  • #151
  • Oct 11, 2012 6:30am Oct 11, 2012 6:30am
Quoting ronald_fsm
What pair do you trade? is it working for long run?
AUDUSD/EURUSD, It is working, but I get very tired of the long draw/hold. A Cycle can last from 2-7 months. But the strategy never loses any money.
Trade Garlic
  • #152
  • Oct 11, 2012 8:36am Oct 11, 2012 8:36am
Quoting kareem40
AUDUSD/EURUSD, It is working, but I get very tired of the long draw/hold. A Cycle can last from 2-7 months. But the strategy never loses any money.
wow it takes a long time to get profit right? do you use martingale with this system to reduce waiting time?
  • #153
  • Edited 1:56pm Oct 11, 2012 8:44am | Edited 1:56pm
Quoting ronald_fsm
wow it takes a long time to get profit right? do you use martingale with this system to reduce waiting time?
No martingale. I do take different cells ( a cell is two pairs, buy audusd, sell eurusd) at different price levels within few days to reduce risk, and wait. It is a long wait time, but do I (we) want to trade and make money, or just trade? I do have a separate scalping account that I use to give back some of my profits!!
The set up makes 150-200% per year. But with proper money management no losses.
Thanks
Kareem
Trade Garlic
  • #154
  • Oct 12, 2012 10:20pm Oct 12, 2012 10:20pm
Quoting kareem40
No martingale. I do take different cells ( a cell is two pairs, buy audusd, sell eurusd) at different price levels within few days to reduce risk, and wait. It is a long wait time, but do I (we) want to trade and make money, or just trade? I do have a separate scalping account that I use to give back some of my profits!!
The set up makes 150-200% per year. But with proper money management no losses.
Thanks
Kareem
Thanks a lot for your reply, anyway how much cell do you posibly make if the price against you ? so do you trade with other system too ?
  • #155
  • Oct 12, 2012 11:04pm Oct 12, 2012 11:04pm
Quoting kareem40
No martingale. I do take different cells ( a cell is two pairs, buy audusd, sell eurusd) at different price levels within few days to reduce risk, and wait. It is a long wait time, but do I (we) want to trade and make money, or just trade? I do have a separate scalping account that I use to give back some of my profits!!
The set up makes 150-200% per year. But with proper money management no losses.
Thanks
Kareem
how many lots u use? both audusd to eurusd at 1 lot? (1:1 ratio)
  • #156
  • Oct 13, 2012 7:22am Oct 13, 2012 7:22am
Quoting hewtwok
how many lots u use? both audusd to eurusd at 1 lot? (1:1 ratio)
Yes 1:1, but again I trade very small, as there are draws.
Kareem
Trade Garlic
  • #157
  • Nov 8, 2012 8:45am Nov 8, 2012 8:45am
It`s my result of a month test of 3pair renko - I`ve used EU/GU/EG 11/11/5 box size B/S/S, tp 15/15/7 sl 15/15/0 and a profit equity target of 20$$. The DD is too high but probably not best setings for this pairs.

http://www.myfxbook.com/members/anim...-eugueg/420581


Today I have added 2 accounts:

-EU/GU/EG with two circles B/S/S and S/S/B box 20/20/7 tp 27/27/10 sl 27/27/0 and also target of 20$$$ for both. (because I dont know how to monitor 20$$$ separate for baskets)

-EU/USDCAD/EURCAD 11/11/5 box size B/B/S, tp 15/15/7 sl 15/15/0 and a profit equity target of 20$$

I will post my results after couple of days.

Have someone manage to find some good settings, please pm me or mail ? And maybe someone have a equity monitor that will monitor the orders by their magic number.
  • #158
  • Nov 8, 2012 1:45pm Nov 8, 2012 1:45pm
are you using an ea ?

would you share it '




Quoting animal20
It`s my result of a month test of 3pair renko - I`ve used EU/GU/EG 11/11/5 box size B/S/S, tp 15/15/7 sl 15/15/0 and a profit equity target of 20$$. The DD is too high but probably not best setings for this pairs.

http://www.myfxbook.com/members/anim...-eugueg/420581


Today I have added 2 accounts:

-EU/GU/EG with two circles B/S/S and S/S/B box ??20/20/7 tp 27/27/10 sl 27/27/0 and also target of 20$$$ for both. (because I dont know how to monitor 20$$$ separate for baskets)

-EU/USDCAD/EURCAD 11/11/5 box size B/B/S,...
  • #159
  • Nov 9, 2012 12:54am Nov 9, 2012 12:54am
Hi animal20

I have written a very simple ea to try and test the system. First couple of days did well then this week went deep into DD. What I am now doing is trying to work out the maths behind the system. I have found these so far:

http://www.forexfactory.com/showthre...73#post3797373
and
http://www.forexfactory.com/showthread.php?t=392932
I am thinking in the lines of using this to perhaps give an opening trade direction ie. BBS or SSB

To do your trade management try this:
http://www.forexfactory.com/showthread.php?t=371147

I am however not getting near to what jeuro's results are. The other problem is that we cant back test it. I still feel that it has potential.

cheers
  • #160
  • Nov 9, 2012 5:32am Nov 9, 2012 5:32am
Quoting tarrini65
are you using an ea ?

would you share it '
Thats the reason why Jeuro have disappeared from this threat, many people on forum`s want everything served on silver plate. If You know how to use renko and You have only a little bit knowledge of useing EA`s You can easily make them to play this rules. You can google everything You need to play this method automated...

I dont have an EA that plays all the 3 pairs, I`ve done it like Jeuro, open 3 renko charts (or 6 for two seperate baskets) and put any ea on every chart that open a trade on up/down bar occur... thats all.

Take some effort please...
0 traders viewing now