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  • #1,401
  • Aug 31, 2012 11:48am Aug 31, 2012 11:48am
Hello there.
I was wondering if you could help me out with the Renko v8 Setup. I downloaded the .zip file that seller9 attached in post #1399
I placed:

#4X 3 Semafor Alert.ex4 -> indicators folder
RB_Renko_v8.ex4 -> experts folder
rb_renko_v8.tpl -> template folder

Then, I opened EUR/USD chart, loaded the tpl, turned on RB_Renko_v8 expert and in the properties I loaded the rb_renko_v8.set

I use it on the H1 chart.

Note: The icon in the expert advisors in in black and white. Anything wrong with that?

Everything's ok? Any suggestions? Should I install anything else - an indicator or something? Should I change the timeline of my chart?

Thank you in advance!
Akis
  • #1,402
  • Aug 31, 2012 11:56am Aug 31, 2012 11:56am
nope ... at first you have to install the renkos and load the offline charts ... hmmm ... its better for you to read firstly about Renko installation ... there is a lot of stuff in the internet and in this forum too !
  • #1,403
  • Aug 31, 2012 12:01pm Aug 31, 2012 12:01pm
Quoting DerBerliner
nope ... at first you have to install the renkos and load the offline charts ... hmmm ... its better for you to read firstly about Renko installation ... there is a lot of stuff in the internet and in this forum too !
I got into the first page of this post but there were no instructions. I did a search on forexfactory but there were hundreds of results. Any chance you know a specific post about it? Any help is more than welcome.

Cheers!
  • #1,404
  • Aug 31, 2012 12:08pm Aug 31, 2012 12:08pm
as I remember seller9 itself has a short description for renko installation in his thread here ... may be he can help you quickly ... but its better if you would send him a PN ... not to mess this thread with newbie stuff again and again ... OR read the hole thrad ... but not from the beginning ! ... start with posts about the RB renko EA .... you could perhaps find the post about renko installation !
  • #1,405
  • Aug 31, 2012 12:14pm Aug 31, 2012 12:14pm
Quoting DerBerliner
as I remember seller9 itself has a short description for renko installation in his thread here ... may be he can help you quickly ... but its better if you would send him a PN ... not to mess this thread with newbie stuff again and again ... OR read the hole thrad ... but not from the beginning ! ... start with posts about the RB renko EA .... you could perhaps find the post about renko installation !
Thank you! :-) I've already sent him a pm. Hope to have an answer soon.

Cheers!
  • #1,406
  • Aug 31, 2012 12:34pm Aug 31, 2012 12:34pm
Quoting tsipouro
Thank you! :-) I've already sent him a pm. Hope to have an answer soon.

Cheers!
There is a Word Doc in the RB_Renko_v8 zip folder on setting up the range bars and also all the needed files should be in that zip folder.

The EA icon will be gray because you only have the .ex4 version of the EA, that is all I supply, you don't get the .mq4 version.
  • #1,407
  • Aug 31, 2012 12:42pm Aug 31, 2012 12:42pm
Quoting seller9
There is a Word Doc in the RB_Renko_v8 zip folder on setting up the range bars and also all the needed files should be in that zip folder.

The EA icon will be gray because you only have the .ex4 version of the EA, that is all I supply, you don't get the .mq4 version.
Thank you! I will study it tonight.
  • #1,408
  • Aug 31, 2012 12:43pm Aug 31, 2012 12:43pm
Quoting maxzeus
RB Renko v8 works well, just got whipsawed a bit on EUR/USD because of Bern's speach but that's my settings they we're to agressive and i was only using the Bands break and CCI, but now that you added the "TrailingStopLossPips" i tested it on FUTURES and it works

heres my trades http://www.forexfactory.com/maxzeus#28

you could try to add the "ichimoku" and/or another "CCI" so we have a dual CCI, would help in ranging markets.

Good Job
I downloaded the dual CCI with SMA and took a quick look. Along with what is in v8 and placing this indicator on the chart I didn't see if it would help or not. If it would I could add it to the next version.

Can you shown some screen shots of a normal v8 setup and the dual CCI attrached to the chart and maybe point out some settings that would help keep us out of a few bad trades when we start whip saw. I think we are real close and just need a little something added to help.

I was also looking at ATR(14) and Standard Deviation(14) overlaid in the same window.

ATR > SD = Ranging
ATR < SD = Trending

Also looking at a Keltner trading channel for maybe another EA, would be similar to the River one accept use the Keltner channel with 5 pip bars.

ema = 60
ATR Period = 96
ATR Multiplier = 1.1
  • #1,409
  • Aug 31, 2012 12:44pm Aug 31, 2012 12:44pm
Quoting tsipouro
Thank you! I will study it tonight.
One last thing, I am using 5 pip range bars with those settings.
  • #1,410
  • Aug 31, 2012 12:58pm Aug 31, 2012 12:58pm
Thanks for the trailingstop in RB v8, made some pips with it today, last week a lot of ranging currencies. I use the 200 bandperiod and a deviation of 0

Next week I will only trade when there is important news, looking first at the forex calender before starting the EA.

I tried the TDI with the expert toolbox ea but could not get it to work, is there a bug in the program ?
  • #1,411
  • Edited 5:10pm Aug 31, 2012 4:48pm | Edited 5:10pm
Quoting seller9
I downloaded the dual CCI with SMA and took a quick look. Along with what is in v8 and placing this indicator on the chart I didn't see if it would help or not. If it would I could add it to the next version.

Can you shown some screen shots of a normal v8 setup and the dual CCI attrached to the chart and maybe point out some settings that would help keep us out of a few bad trades when we start whip saw. I think we are real close and just need a little something added to help.

I was also looking at ATR(14) and Standard Deviation(14) overlaid...
Yes i will post some examples during the weekend with some Dual CCI setups, for the "Bands or keitner channel" i would stick with the bands they are very similar, in my opinion. The ATR is a good idea is it basic MT4 indicator or a different indicator your testing ?

For the dual CCI it works well, like i said it's 2 CCI's to confirm so the smaller period is for Entry and 2nd higher period for trend confirmations but it could also be used either to trade quickly or 2 re-confirm that the trend is goiing in our favor so if you look at my post here #1343 it explains it more the lime and red is to show that it crossed the trigger line which is 100. so if we take for example CCI 22 & CCI 77 or CCI 21/89 (as seen in the pics) when the Entry CCI crosses 100 but the Trend CCI does'nt that keeps us out of a bad trade, but if both crosses then it has more probability that it would be a good trade, some could also put lower or higher periods for safer or quicker trades.

Quote
Also 1x CCI can e combined with one of these 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
also note that it would be a good idea to add the "TrailingStopLossPips" to all of your EA's along with the "BEJS" it works really good, especially if FUTURES are used.

Don't forget Practice + Patience + Persistence = Profits
  • #1,412
  • Aug 31, 2012 5:45pm Aug 31, 2012 5:45pm
Quoting maxzeus
Yes i will post some examples during the weekend with some Dual CCI setups, for the "Bands or keitner channel" i would stick with the bands they are very similar, in my opinion. The ATR is a good idea is it basic MT4 indicator or a different indicator your testing ?

For the dual CCI it works well, like i said it's 2 CCI's to confirm so the smaller period is for Entry and 2nd higher period for trend confirmations but it could also be used either to trade quickly or 2 re-confirm that the trend is goiing in our favor so if you look at...

Just the basic ATR and Standard Deviation indicators.

What do we do in this case, EA using 34 as entry got us in where 22 & 77 would have kept us out?

Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 142 KB
  • #1,413
  • Aug 31, 2012 6:32pm Aug 31, 2012 6:32pm
I'd been testing RB Rengo V8 (lastest update) and I wondered if anyone experienced this yesterday. On EU pair, between 15:36 - 15:58, EA firing 10-20 actions for each second. See below the setting and screenshots:

MaxTotalOpen Trades = 2
Magic Number = 0
Lot = 0.04
Slippage = 4
TakeProfitPips = 100
StopLossPips = 0
TSLP = 25
BOSLP = 5
UseAgressiveMode = true
UseNonAgressiveMode = true

Band = 62, 0.3
Semafor = true
AO = true, 5,34
CCI = true, 100,34

HPTC = true
SPCL = true
TPPTO = 0
LTO = 0.02

BEJS = true, 20,1,1

I also had the EA with same setting on AU, GU and EJ. Only EU and AU had entries.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA1 9.02.22 AM.png Size: 60 KB
Click to Enlarge Name: EA2 9.10.40 AM.png Size: 98 KB
  • #1,414
  • Sep 1, 2012 5:53am Sep 1, 2012 5:53am
version 8...it is possible to back-testing to find best set..?..I try but it take to much time!
  • #1,415
  • Sep 1, 2012 6:52am Sep 1, 2012 6:52am
Quoting walky
I'd been testing RB Rengo V8 (lastest update) and I wondered if anyone experienced this yesterday. On EU pair, between 15:36 - 15:58, EA firing 10-20 actions for each second. See below the setting and screenshots:

MaxTotalOpen Trades = 2
Magic Number = 0
Lot = 0.04
Slippage = 4
TakeProfitPips = 100
StopLossPips = 0
TSLP = 25
BOSLP = 5
UseAgressiveMode = true
UseNonAgressiveMode = true

Band = 62, 0.3
Semafor = true
AO = true, 5,34
CCI = true, 100,34

HPTC = true
SPCL = true
TPPTO = 0
LTO = 0.02

BEJS = true, 20,1,1

I also had the EA with...
Copy - Paste - Typo in several of the EAs SL code.

Re-download v8 from first page.

See post 1388 for other EAs.
  • #1,416
  • Sep 1, 2012 10:10am Sep 1, 2012 10:10am
Quoting walky
I'd been testing RB Rengo V8 (lastest update) and I wondered if anyone experienced this yesterday. On EU pair, between 15:36 - 15:58, EA firing 10-20 actions for each second. See below the setting and screenshots:

MaxTotalOpen Trades = 2
Magic Number = 0
Lot = 0.04
Slippage = 4
TakeProfitPips = 100
StopLossPips = 0
TSLP = 25
BOSLP = 5
UseAgressiveMode = true
UseNonAgressiveMode = true

Band = 62, 0.3
Semafor = true
AO = true, 5,34
CCI = true, 100,34

HPTC = true
SPCL = true
TPPTO = 0
LTO = 0.02

BEJS = true, 20,1,1

I also had the EA with...
I had the same thing in the same time period on GU, though it was on RB_V7.
  • #1,417
  • Edited 2:26pm Sep 1, 2012 12:27pm | Edited 2:26pm
hi @ all

How realistic is that backtesting with the "LFH Trading simulator_3"?

Or is there more accurate ways to backtest?

Maybe it's on EA (RB-Renko-V6)

I tested ONLY with bands, best found setting 15, 0.7 (NO OTHER FILTERS . AGGR TRUE; NO HALFCLOSE; )

brilliant results ..... in backtest

Last week I was on vacation and I was expecting a positves result in my demo accounts, but this was not unfortunately so.
This difference lies in the Clean Candle settings in EA?

I think the fast bands can lead us to the holy grail, perhaps

Or was it just a bad week that exist at each EA??? ...... I hope and look forward to feedback


@ seller 9
can you make an EA without the "clean candle mode" ?

Can you post a simple Renko EA who trades only with the channel break?
  • #1,418
  • Sep 1, 2012 6:11pm Sep 1, 2012 6:11pm
Quoting seller9
Copy - Paste - Typo in several of the EAs SL code.

Re-download v8 from first page.

See post 1388 for other EAs.
Thanks, Seller, will continue the test. Appreciated.
  • #1,419
  • Sep 1, 2012 6:18pm Sep 1, 2012 6:18pm
A little hint for all you backtesters out there who are frustrated with the lack of 1 min data from your brokers:

Get a demo with Alpari UK. After you install the demo go to Tools>History Center>EurUsd1min>then download.

After downloading go to Tools>Options>Charts, set your max bars for history and max bars allowed in charts fields to 99999999999999.

Restart your demo. Now you got 1 min data going back to 1999.

If you want say only 2 years cause you think 12 years will slow it down too much then figure-1440 minutes in a day. 730 days in 2 years. 1440x730= 1,051,200. So you would set max bars in history and charts to 1,051,200, then restart and you'll get 2 years.
  • #1,420
  • Sep 2, 2012 10:30am Sep 2, 2012 10:30am
Hi there,

WALL OF TEXT WARNING!!!

Ran this for all of last week using settings with EMA 26 and EMA 5.

Summary as follows:
AUDUSD -88 pips
EURGBP +1 pips
EURJPY -24 pips
EURUSD -3 pips
GBPUSD -42 pips
USDCAD -24 pips
USDJPY -35 pip
Total -216 pips

93 Trades : 22 Winners @ 508 pips, 71 Losers @ -724 pips

At face value, this looks pretty awful, but the big problem with MA cross strategies is they suffer in ranging periods.

Good trends capture good pips, but when ranging, the MAs bounce off each other in quick succession and you get regular 10-15 pip losses.

I'm just going to focus on 2 pairs for this part of the analysis - EURUSD (which didn't range too badly) and AUDUSD (which ranged a lot!). I did run CCI(34) with 7 pairs in total, but they all act pretty much the same.

I ran a CCI(34) in parallel, with break levels set at +100 and -100...

EURUSD:
22 Trades - 5 winners, 17 losers
CCI(34) would have kept us out of 14 of those losers, BUT it would have kept us out of all 5 winners.

AUDUSD:
26 Trades - 6 winners, 20 losers
CCI(34) would have kept us out of 19 of those losers, BUT it would have kept us out of 3 of the winners.

I would like to make a recommendation about this EA, but I would value input from Seller9 to see if it's possible to do...

Can we add CCI to this EA to check for ranging, but it needs to be used slightly differently to the River Break EA.

The MA Cross acts as the signal that there is a trade pending, but then we need to wait for CCI to cross + or - 100 before the trade is actually placed.

In most instances of ranging, the CCI never passes 100, and thus the trade would not be placed if we waited for CCI to act as confirmation.

See attached pic AUDUSD for example of ranging.

Where a trend develops, it normally happens within 2 or 3 candles of the current signal, and I think this should be a variable we can set in the EA.

See attached pic EURUSD and look at the 38 pip winner for example.

So to summarise:
1. MA crosses signalling potential trade
2. Wait 'x' candles for CCI to cross 100 level
3. Place trade

There is a problem with this setup though in that, a big swing from low to high (or vice versa) means CCI doesn't react quick enough, but we can cover this one off later I think.

Hope this makes sense.

Regards
Ath
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD8-29---10-1.jpg Size: 116 KB
Click to Enlarge Name: AUDUSD8-29---10-24.jpg Size: 127 KB
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