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Simple Renko EA

  • #1
  • First Post: Oct 15, 2012 8:23am Oct 15, 2012 8:23am
Rules:

EA opens long position when the last bar was green
EA opens short position when the last bar was red

There is one more thing you need to know. EA must open a position after EVERY candle's close.

Hope it will explain what I mean:

http://oi49.tinypic.com/2dv68g2.jpg

Anynone has seen this?
  • #2
  • Oct 17, 2012 7:26am Oct 17, 2012 7:26am
Quoting forexh4cked
Rules:

EA opens long position when the last bar was green
EA opens short position when the last bar was red

There is one more thing you need to know. EA must open a position after EVERY candle's close.

Hope it will explain what I mean:

http://oi49.tinypic.com/2dv68g2.jpg

Anynone has seen this?

Hi Forexh4cked'

Please I am interested in this simple renko EA. I am in love with renko trading systems.

Thanks,
Nhilkiah
  • #3
  • Edited 8:04am Oct 19, 2012 8:02am | Edited 8:04am
Here you go :

http://www.forexfactory.com/showthread.php?t=292421

Use only in strong markets, else you will suffer account death of a thousand small losses.

Tried this strategy, for a candle to win, you need 3 candles in same direction, 1 candle will lose 2 x renko, 2 candle 1 x renko, 3 candle to breakeven.

So for every candle you trade, there will be a loss of 3 times your candle size. Just letting you know

Thomas
  • #4
  • Oct 23, 2012 3:34am Oct 23, 2012 3:34am
Doesn't work on a renko chart. That's way I'm looking for an EA like this:

http://www.forexfactory.com/showthread.php?t=335072
#12
http://www.forexfactory.com/showthre...46#post5272946
  • #5
  • Oct 23, 2012 6:35pm Oct 23, 2012 6:35pm
it works fine for me, see attached image. only thing i changed was lot, broker doesnt support 0.01, it was changed to 0.1 for testing purpose

trades every bar

Thomas
Attached Image (click to enlarge)
Click to Enlarge Name: the captain.gif Size: 19 KB
  • #6
  • Edited 4:11pm Oct 25, 2012 9:16am | Edited 4:11pm
Everything works. Thanks for the help.
  • #7
  • Nov 25, 2012 8:59am Nov 25, 2012 8:59am
Quoting tutsola
it works fine for me, see attached image. only thing i changed was lot, broker doesnt support 0.01, it was changed to 0.1 for testing purpose

trades every bar

Thomas
It is seems to be good performance
Can you pleas share this EA ?
  • #8
  • Apr 23, 2013 10:11am Apr 23, 2013 10:11am
Quoting tutsola
it works fine for me, see attached image. only thing i changed was lot, broker doesnt support 0.01, it was changed to 0.1 for testing purpose trades every bar Thomas {image}
Hi thomas
kindly share the EA which one you had modified
thanx
Mathew
  • #9
  • Feb 28, 2014 2:50am Feb 28, 2014 2:50am
Quoting tutsola
it works fine for me, see attached image. only thing i changed was lot, broker doesnt support 0.01, it was changed to 0.1 for testing purpose trades every bar Thomas {image}
Expert for this trade is here http://www.forexfactory.com/showthread.php?t=292421
But I do not trade it! What can be done, that he would work on the chart Renko?
  • #10
  • Apr 21, 2015 6:14am Apr 21, 2015 6:14am
Quoting tutsola
it works fine for me, see attached image. only thing i changed was lot, broker doesnt support 0.01, it was changed to 0.1 for testing purpose trades every bar Thomas {image}
hi can u share this ea to try .
  • #11
  • Apr 21, 2015 6:59am Apr 21, 2015 6:59am
Here is a back test for this strategy/EA:
Attached Image (click to enlarge)
Click to Enlarge Name: Steve_Renko_BT.png Size: 54 KB
Trading is the hardest way to make easy money...
  • #12
  • Dec 24, 2015 8:40am Dec 24, 2015 8:40am
May be open in 2nd consecutive same colour bar and close on the reverse colour. Helpful in news time, try to keep the renko box within 5 pip. Here's the EA-
Attached File(s)
File Type: ex4 Renko EA.ex4   166 KB | 2,973 downloads
  • #13
  • Edited 9:19am Dec 24, 2015 8:51am | Edited 9:19am
Well may be another trick -

Indies used - ADX 14 applied to closed and Moving average 21 smoothed applied to median price

Signal - for Buy

1. the adx needs to be above 23,
2. +DI > -DI,
3. Renko brick closing price > MA21,
4. 2 consecutive green bricks after a retracement red brick.

Closing position at red brick. For sell just the opposite.

Here's the EA. If needed to add your own mix, let me know. I can modify it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
Click to Enlarge Name: Screenshot2.png Size: 49 KB
Attached File(s)
File Type: ex4 renko 1.ex4   216 KB | 2,090 downloads
  • #14
  • Dec 24, 2015 2:53pm Dec 24, 2015 2:53pm
Alright friends, another renko system on the making. Not sure if the EA would be helpful to anyone. I've got some free time, so just goofing around :nerd: Here are the rules-

Indicators
1. Bollinger band 20,1
2- MACD 12,26,9

Buy Signal
1. MACD is +ve and > 0,0001
2. 2 same colour candles closing outside top bolli band

Close trade on reverse colour brick.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB
Click to Enlarge Name: Screenshot2.png Size: 46 KB
  • #15
  • Jun 10, 2016 8:58am Jun 10, 2016 8:58am
Quoting hovedguy
Well may be another trick - Indies used - ADX 14 applied to closed and Moving average 21 smoothed applied to median price Signal - for Buy 1. the adx needs to be above 23, 2. +DI > -DI, 3. Renko brick closing price > MA21, 4. 2 consecutive green bricks after a retracement red brick. Closing position at red brick. For sell just the opposite. Here's the EA. If needed to add your own mix, let me know. I can modify it. {file} {image} {image}


Hello Hoved!
Is it still working? Have u backtested this strategy?

Could you please change lots to 0,01?

The MACD EA, are u planning to build it?

Thanks!
Maitrader
  • #16
  • May 5, 2017 8:36pm May 5, 2017 8:36pm
reading this thread , im busy with a EA using incremental lot sizes
example 0.1 0.2 0.3 . . .

if there is a open losing trade , the next trade will open a incremental lot size

count_orders();
if (open_orders_symbol_i > 0)
lots1=lots1+Lots;
  • #17
  • May 8, 2017 9:03am May 8, 2017 9:03am
Hi dear friends, could anyone share the Renko Indicator with me? I do not know where to get it.
I will be very happy if anyone can help me or indicate where under it.
Thanks.
  • #18
  • May 8, 2017 5:50pm May 8, 2017 5:50pm
this is a EA to create the renco charts , run it on the 1m chart , then open the created offline chart
Attached Image
Attached File(s)
File Type: ex4 RenkoLiveChart_v3.4.ex4   12 KB | 1,191 downloads
  • #19
  • May 8, 2017 9:00pm May 8, 2017 9:00pm
here is the incremental lot size EA

works like this:

new bar opens , if chart symbol is in profit , close all trades for chart symbol

if previous bar was up , open a buy
if previous bar was down , open a sell

increment next trade by lot size. IE lot1 = lot1+lots.

this is not martindale , its incremental , so on a run of bars that reverses , profit will be reached on the second bar of the reversal

make sure your renko bars are MORE than the spread , 5+
Attached File(s)
File Type: ex4 volt_ima-renco.ex4   21 KB | 1,650 downloads
  • #20
  • May 9, 2017 7:24am May 9, 2017 7:24am
[Quote = buju; 9843628] este é um EA para criar os gráficos renco, executá-lo no gráfico 1m, em seguida, abrir o gráfico offline criado {file} {image} [/ quote]
Muito obrigado meu amigo
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