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Lets Automate a Simple Renko Strategy!

  • #161
  • Mar 22, 2015 6:09am Mar 22, 2015 6:09am
Quoting MathTrader7
{quote}Please read the first post to find out how to create a Renko chart.
Hi MathTrader7,

I'm new to forex trading and I'm using a Oanda demo account (MT4 Platform). When I try to open Historic Data with File -> Open Offline command EURUSD, M2 doesn't show up. Any idea how can I fix this?

Or what are the other brokers that allow me to create Renko charts if Oanda doesn't support this?
  • #162
  • Mar 22, 2015 10:06am Mar 22, 2015 10:06am
Awe the search for the grail continues)))))) I have traded a long time and price action is really the best way for me to make money
  • #163
  • Mar 22, 2015 10:40am Mar 22, 2015 10:40am
Quoting Gurudeva
hi traders ! i was testing the ea posted here, in my backtest it made not good results.
BT won't produce great results.. As advised in this thread this strategy can catch trends during a trending market.. And will fail during a ranging market..

How did you get BT working ? Are you using the paid ranko version?
  • #164
  • Mar 22, 2015 12:43pm Mar 22, 2015 12:43pm
i don't think trading this strategy with EA'S be a such a good idea, i much prefer to analyze market at the higher time frames to find out the direction of the market and than use this strategy for getting in and out of trade's at appropriate trading session related to the pair i'm trading, i must agree with sheppy price action is one of the best ways to trade forex .
  • #165
  • Mar 22, 2015 2:10pm Mar 22, 2015 2:10pm
Quoting sheppy
I have traded a long time and price action is really the best way for me to make money
Quoting lilizen
i don't think trading this strategy with EA'S be a such a good idea,
In this thread, nobody gives a shit about what you think.

Why not start your own little journal threads in your own little corner of the Factory and let other like minded share a thought and a well wish with you?

Here...

The thread has a particular direction. If you ain't interested, kindly move along!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #166
  • Mar 22, 2015 2:16pm Mar 22, 2015 2:16pm
Hear hear Magix. They'll come slinking back if the green pips start flowing.
  • #167
  • Mar 22, 2015 2:29pm Mar 22, 2015 2:29pm
Quoting spankworthy
Hear hear Magix. They'll come slinking back if the green pips start flowing.

It is a system, that has a defined set of rules for entries, exits, profit and losses.

The merits of it, yet to be proven in my eyes...not saying it won't work, not saying it will...but what it does is offer a new set of optics to others who have not quite found their way in market as of yet, or perhaps just some the use of the tools and ideas shared in their future market growth.

Thread hijackers and others that need to rant about how much better their way of doing something is, has always been my pet peeve.

The internet is a pretty big place and though searching for any particular topic can be grueling, when you have clearly found the wrong topic, it should be a cue to continue searching, not chime in.

[/rant]
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #168
  • Mar 22, 2015 5:03pm Mar 22, 2015 5:03pm
I'm currently running three Demos: one 5-pip brick; one 10-pip brick; and one 20-pip brick.
The 10-pip and 20-pip demos are trading per the rules, but the 5-pip demo refuses to trade.
I've reloaded the M1 and M2 offline charts and checked all the settings. Everything is correct,
and, yes, the offline box in the common tab is unchecked. No errors, either, in the journal tab.
  • #169
  • Mar 22, 2015 6:00pm Mar 22, 2015 6:00pm
Quoting samanfx
{quote} Hi MathTrader7, I'm new to forex trading and I'm using a Oanda demo account (MT4 Platform). When I try to open Historic Data with File -> Open Offline command EURUSD, M2 doesn't show up. Any idea how can I fix this? Or what are the other brokers that allow me to create Renko charts if Oanda doesn't support this?
See post no 100 . You can find the eas and templates. open 1m chart and apply template for 1m then open offline chart. (don't close the 1m chart after open the offline chart , offline chart is updated from the 1m chart )
  • #170
  • Mar 22, 2015 6:23pm Mar 22, 2015 6:23pm
Quoting ChicagoRob
The 10-pip and 20-pip demos are trading per the rules, but the 5-pip demo refuses to trade.
The EA must work with any brick size. However, I will check the EA with 5-pip Renko charts to see if there is a possible bug....
Trading is the hardest way to make easy money...
  • #171
  • Mar 22, 2015 7:10pm Mar 22, 2015 7:10pm
@MathTrader7


Is the EA only filtered by TIME only? or it already has FIX EMA filter BUILT IN ? Because i don't see any other filter setting.


Thanks
Risk Less Gain More, Trade Less Make More
  • #172
  • Mar 22, 2015 7:44pm Mar 22, 2015 7:44pm
Quoting bullbearies
@MathTrader7 Is the EA only filtered by TIME only? or it already has FIX EMA filter BUILT IN ? Because i don't see any other filter setting. Thanks
Moving Average filter is implemented inside the EA fixed to EMA 21/50 Close.
Trading is the hardest way to make easy money...
  • #173
  • Edited 9:12pm Mar 22, 2015 8:33pm | Edited 9:12pm
Hello thanks for the EA I ve been using Renko live for along time it works! I have no problem with pairs with two decimal places or more (1.0797 ,1182.26) , but it seems the EA does not work when you have 1 decimal place(2101.1) or 0 decimal places (18068) on indexes for instance. Is it possible to fix that so you can use it with any broker on any pair. Thank you.
  • #174
  • Mar 22, 2015 9:54pm Mar 22, 2015 9:54pm
Try to use Nihilist Forex Indicators with this system for avoiding bad signals.
Without an edge MM is useless!
  • #175
  • Mar 23, 2015 12:21am Mar 23, 2015 12:21am
Quoting MathTrader7
{quote} Moving Average filter is implemented inside the EA fixed to EMA 21/50 Close.
Thanks mate
Risk Less Gain More, Trade Less Make More
  • #176
  • Mar 23, 2015 12:21am Mar 23, 2015 12:21am
Quoting MathTrader7
{quote} Sorry if my reply seemed to be a little standoffish. I had no mean to offend you :-) I just wanted to confirm what you asked in your post. Here is a more detail of the way I coded the EA to open a position: 1. If Candle 1 and Candle 2 are bullish and Candle 3 is bearish and Close[1]>MA21 and Close[1]>MA50, open a BUY position. 1. If Candle 1 and Candle 2 are bearish and Candle 3 is bullish and Close[1]<MA21 and Close[1]<MA50, open a SELL position. Note: English is not my mother tongue, I just do my best to write correct and meaningful English...

You are absolutely right my friend!
Also I never trade without a Stop Loss nor do I encourage anyone!
  • #177
  • Mar 23, 2015 12:50am Mar 23, 2015 12:50am
Quoting MathTrader7
{quote} From your backtest, it seems that checking for Candle 3 is not necessary to filter out bad trades! @Shreyash: Would you please clarify whether checking for Candle 3 (as I mentioned in Post 117) is part of your strategy?
NO!
Pls go thru the post No.1 again.
We only wait for 2 bricks to close and we enter on the open of the 3rd brick.
Now that's the way i trade..

Additionally, for testing purposes if you want you can add an extern parameter... called "Bricks to Wait Before Entry or BTWBE"

for ex: if the BTWBE value = 2. It waits for 2 consecutive bricks to close and enters a trade on the open of the 3rd brick.
if the BTWBE = 3 , it waits for 3 consecutive bricks to close and enters on the open of the 4th brick.
  • #178
  • Mar 23, 2015 12:56am Mar 23, 2015 12:56am
Quoting sminage
{quote} please check this weather the entry condition is ok . {image}
The entry condition is correct!

The EA is working perfectly fine!

We dont enter once the price crosses the EMAs.

We are only using EMAs to confirm our trade not trading out of the EMAs.

Pls go thru post No.1..

Pls dont complicate things lets keep trading simple and silly!
  • #179
  • Mar 23, 2015 1:03am Mar 23, 2015 1:03am
Quoting Gurudeva
hi traders ! i was testing the ea posted here, in my backtest it made not good results. But the way the concepts is very similar to another ea i found ,the difference of the ea i will post is that this enter on every renko bar who change the color. It make wonderful results in the backtest but i never have tried in demo or real. Maybe somebody is interested to test it. {file}
Dear Gurudeva!

This thread is strictly for the strategy I have put together!
Please do not deviate from the topic being discussed here...

You can may be start a new thread to test your EAs but not here...
  • #180
  • Mar 23, 2015 1:09am Mar 23, 2015 1:09am
Quoting MathTrader7
{quote} Moving Average filter is implemented inside the EA fixed to EMA 21/50 Close.
MathTrader may be we can add the value of EMAs as extern parameters!

Nothing to loose here...

May be we can also optimize it for the best set of EMA values...
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