In the second set up only one trade was triggered cos there was no clean open between the ma's
Just my candid opinion..................
- #1,343
- Edited 6:22pm Aug 26, 2012 5:58pm | Edited 6:22pm
hi maxzeus - what are the best C.C.I. parameters ? Athravan proposed only 8 ... but as I remember you dont use these small numbers ?
@ Athravan - do you still use thigt numbers for the CCI ? So which parameters are at the end the best for this renko EA ?
Perhaps I will change from AO to CCI ?
@DerBerliner when a single CCI is beeing used in a EA, i use either CCI 22 or 34 with either a 50 or 100 trigger line.
@unimak my Dual CCI's i use CCI 22 or 34 for ENTRY signals with a 2nd CCI of 77 or 88 period, so the "TREND CCI" = Longer Period CCI when matched with a Shorter Term CCI also called "ENTRY CCI" which basically is 2 CCI's together with a SMA 30, i had a strategy several years ago using this indicator, heres a small description which is part of a PDF i made and it shows what Trend & Entry CCi is used for (see Pics Below)
i like the CCI especially for keeping a trader out of RANGING markets, also ADX (25 trigger) and RSI (45/55 trigger) could be used, but my Top Favorite is CCI that's besides my other new Favorite is the famous TDI
http://www.forexfactory.com/attachme...1&d=1322459012
http://www.forexfactory.com/attachme...1&d=1322457681
heres the Full guide i did in 2009 Fx50_Guide_v1.5_Hybrid.pdf it gives a good VIEW of how to put a plan together by putting a set of rules for a good reminder on the strategy and TRADE THE PLAN.
Don't forget Practice + Patience + Persistence = Profits
- #1,344
- Edited 6:22pm Aug 26, 2012 6:12pm | Edited 6:22pm
When this EA catches trends, it really does well!
How do we stay out of the ranging periods? I see Seller9 has posted a v2 with some changes I don't yet understand - these may cover off my first point:
1. Can we wait for the MAs to cross with some clear space between them. I have seen mention across the web of this MA cross strategy being good when you can wait for clear space beyond the cross. This would still keep the simplicity without additional indicators.
[b]2. CCI (34) as an indicator. When the MAs cross and give a signal, we wait for...
also @seller9 changed the CCI to look at the CLOSED CANDLE instead of the "present candle" which is a good idea ( VIEW THIS POST #1258 ) since it happens on any period or any indicator that it hits a trigger and reverses, with this new addition at least it's safer for staying out of fakeouts
another suggestion if it's possible, would be to add a delay on the CCI or the EA itself when a BUY or SELL signal is triggered
example: all our trigger signals to enter a trade is set to BUY but with an option that waits 1-2-3 minutes before entering the trade just to make sure it doesn't reverse creating a fakeout on the signal, this would add another Guard on entering Trades.
BTW keep up the good work @seller9
Don't forget Practice + Patience + Persistence = Profits
- #1,347
- Aug 27, 2012 11:58am Aug 27, 2012 11:58am
On video EA didn't trade during choppy market, that's the point to find out why and what settings are on video. here is EA...
...you can modify this EA in MT4, but I don't understand what it does
Regards
Ath
- #1,348
- Aug 27, 2012 12:11pm Aug 27, 2012 12:11pm
Unfortunately I'm not a coder...
...you can modify this EA in MT4, but I don't understand what it does
Regards
Ath
I think the system is based on 2ma's suggesting its either two 3 period or two 5 period sma's one set to low and the other set to high (see dean malone's synergy system).
The ea triggers' the first trade when a new renko candle opens neatly(without touching either ma)between the 2ma's and a second trade when a new renko candle opens outside the moving averages.The trade is closed by the ea when a new entry condition forms(usually an open between the moving averages).A trailing stop is set at the open of the second previous candle.
Most fascinating is the fact that none of the renko candles has a shadow.Is this possible?????
Could this be due to the range bar size used or the application/method used to generate the backtest???????
Aside from that the system can be profitably used with very good money management due to the losses during ranging conditions.The trailing method and multiple entries could also help to even the odds.
- #1,349
- Edited 8:31pm Aug 27, 2012 8:16pm | Edited 8:31pm
- | Commercial User | Joined Jul 2009 | 5,727 Posts
- #1,350
- Edited 9:06pm Aug 27, 2012 8:42pm | Edited 9:06pm
- | Joined Aug 2012 | Status: Trader | 19 Posts
First post here at FF and nice work seller. Thought I'd comment on the commerical script listed previously for backtesting renko charts. I bought the software package three months ago and would highly recommned it if you trade renkos, which I almost exclusively do. It does have it's weaknesses (like not always being triggered by tight trailing stops) but works well if your EA's open and close based on prior bar data.
I've included two backtests (five months of data, most my broker had for M1 chart) for RB_V7 and the recently added MA Trail EA. The MA trail simply seems to open and close positions above the MA (default in the EA is the 50) and closes them on MA cross in opposite direction. With the default settings it will open one position per bar for each bar above or below the MA (so it opens a lot of positions). I changed the default setting from maxtrades from 500 to 1 (to only have one open position at a time) and SL to 40, both cases are 10pip bar.
I did run a couple of optimization sequences on the RB_V7 EA but did not run any on the MA trail EA as there was not much to optimize. For the RB_V7 I have only been running it for a week but the backtest and forward test match exaclty....at least within 1 pip
I've included two backtests (five months of data, most my broker had for M1 chart) for RB_V7 and the recently added MA Trail EA. The MA trail simply seems to open and close positions above the MA (default in the EA is the 50) and closes them on MA cross in opposite direction. With the default settings it will open one position per bar for each bar above or below the MA (so it opens a lot of positions). I changed the default setting from maxtrades from 500 to 1 (to only have one open position at a time) and SL to 40, both cases are 10pip bar.
I did run a couple of optimization sequences on the RB_V7 EA but did not run any on the MA trail EA as there was not much to optimize. For the RB_V7 I have only been running it for a week but the backtest and forward test match exaclty....at least within 1 pip
I have d adx renko running on 3currencies.Yesterday it did fairly okay with with 10 trades overall-4breakens,3 gains and the rest lossers.......due to d ranging conditions (eur bank holiday)
During the asian market,it took 3trades, all of them winners 104pips in all.
At d start of the eur market, 2 trades triggered and are already in profits but the uchf trade did not.......wondering why(see chart) yellow arrow
Guess i can't pick it all.............
Am already running this setting on a live account n noticed that d ea takes the trade a candle late cos it scans d last 2candles instead of d previous candle b4 confirming an adx rise.I prefer to make the trailstop manually cos i can't seem to find d right setting dt won't stop d trade prematurelly.
How i trail is to use the open of d 2nd previous candle if and only if d wick of d middle candle does not touch ds level(see chart 3 below aqua arrow d middle candle didnt qualify cos it touched d open of d 2nd previous candle).If it does,i just exit d trade when d adx starts to fall.I know an ea cannot do this but is it possible to make d adx renko ea to exit d trade wen d adx falls?
Yes adx(7) and a trigger of 10 is too sensitive. But i noticed yesterday during d ranging conditions dt at times it whipsaws.TRUE but i just exit when it starts falling.Reasons y i chose ds period is to counter d lagging nature of ds indicator against 5pip size renko which is comparable to most higher tf.
The uchf trade is just green with pips (over 15pips)as i speak bt d ea is just sitting there witout doing anytin....really wonder y(diagram 4).Also d js n pc of d oda trades have kicked in.
I'd keep u posted.Seller 9,i'll post d modifications later......i'd really appreciate it if this can b added.Thanks once again
During the asian market,it took 3trades, all of them winners 104pips in all.
At d start of the eur market, 2 trades triggered and are already in profits but the uchf trade did not.......wondering why(see chart) yellow arrow
Guess i can't pick it all.............
Am already running this setting on a live account n noticed that d ea takes the trade a candle late cos it scans d last 2candles instead of d previous candle b4 confirming an adx rise.I prefer to make the trailstop manually cos i can't seem to find d right setting dt won't stop d trade prematurelly.
How i trail is to use the open of d 2nd previous candle if and only if d wick of d middle candle does not touch ds level(see chart 3 below aqua arrow d middle candle didnt qualify cos it touched d open of d 2nd previous candle).If it does,i just exit d trade when d adx starts to fall.I know an ea cannot do this but is it possible to make d adx renko ea to exit d trade wen d adx falls?
Yes adx(7) and a trigger of 10 is too sensitive. But i noticed yesterday during d ranging conditions dt at times it whipsaws.TRUE but i just exit when it starts falling.Reasons y i chose ds period is to counter d lagging nature of ds indicator against 5pip size renko which is comparable to most higher tf.
The uchf trade is just green with pips (over 15pips)as i speak bt d ea is just sitting there witout doing anytin....really wonder y(diagram 4).Also d js n pc of d oda trades have kicked in.
I'd keep u posted.Seller 9,i'll post d modifications later......i'd really appreciate it if this can b added.Thanks once again
- #1,355
- Aug 28, 2012 9:54am Aug 28, 2012 9:54am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
I have d adx renko running on 3currencies.Yesterday it did fairly okay with with 10 trades overall-4breakens,3 gains and the rest lossers.......due to d ranging conditions (eur bank holiday)
During the asian market,it took 3trades, all of them winners 104pips in all.
At d start of the eur market, 2 trades triggered and are already in profits but the uchf trade did not.......wondering why(see chart) yellow arrow
Guess i can't pick it all.............
Am already running this setting on a live account n noticed that d ea takes the trade...
The ADX rise is calulated from the last 2 closed candles. The trade is taken at the open of the candle after the confirmed signal closed candle.
