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Lets Automate a Simple Renko Strategy!

  • #181
  • Mar 23, 2015 3:17am Mar 23, 2015 3:17am
Hi.

I would like to use the matchtrader EA.
I generate the offline M2 chart with Renko mode.
I enable the autotrade and the DLL import.
Offline chart options:
I unchek the offline chart.

But still the EA is just NOT trading. Why? What could be the problem? I use settings i read will work. bUT IT IS NOT TRADING. i DON'T LNOW WHAT COULD BE THE PROBLEM.
cOULD SOMEONE PLEASE HELP ME?
  • #182
  • Mar 23, 2015 3:35am Mar 23, 2015 3:35am
began to use the EA to try it out:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
patience is a virtue
  • #183
  • Mar 23, 2015 3:58am Mar 23, 2015 3:58am
After London open.
Attached Image (click to enlarge)
Click to Enlarge Name: today.PNG Size: 45 KB
  • #184
  • Mar 23, 2015 4:27am Mar 23, 2015 4:27am
Quoting sminage
After London open. {image}

Happy Pipping!!!
  • #185
  • Mar 23, 2015 4:33am Mar 23, 2015 4:33am
Hello MathTrader

Could you check why the EA is not working on indices or futures, please attach it to FDX M5 (June dax futures) to see what I mean

Thank you
Regards
  • #186
  • Mar 23, 2015 4:34am Mar 23, 2015 4:34am
Last night the EA opened and closed 6 trades,2 losses and 4 wins...Loss: $28.13 Win: $117.99 (DEMO) Tradingtime was between 01.00 and 10.00...So,looking good so far...
Trading three pairs: EU,EA and GA.
  • #187
  • Mar 23, 2015 4:43am Mar 23, 2015 4:43am
Quoting howard
Hello MathTrader Could you check why the EA is not working on indices or futures, please attach it to FDX M5 (June dax futures) to see what I mean Thank you
The current version of the EA only works with 2,3,4 and 5 digits assets (Forex pairs). I will modify it to work with any asset in the next versions.
Trading is the hardest way to make easy money...
  • #188
  • Mar 23, 2015 4:56am Mar 23, 2015 4:56am
MathTrader7,if we want the EA to trade 24/5 shall we set both start and endtime to zero?
  • #189
  • Mar 23, 2015 5:19am Mar 23, 2015 5:19am
Four losses and one winner, so far. Hopefully, results will be better today.
  • #190
  • Mar 23, 2015 5:22am Mar 23, 2015 5:22am
Quoting bazze
MathTrader7,if we want the EA to trade 24/5 shall we set both start and endtime to zero?
Set start to zero and end to 23.
Trading is the hardest way to make easy money...
  • #191
  • Mar 23, 2015 5:26am Mar 23, 2015 5:26am
  • #192
  • Mar 23, 2015 5:26am Mar 23, 2015 5:26am
@ MathTrader7

IMHO ,
Renko bar itself is already a PRICE ACTION filter + LO is also a filter. If we add another EMA as 3rd filter, we may end up losing a lot of opportunities and short live. and optional EMA filter to be activated or not would be a great advantage. We just need to put the EA in the most active PAIR and TRADING TIME.

Thanks
Risk Less Gain More, Trade Less Make More
  • #193
  • Mar 23, 2015 6:48am Mar 23, 2015 6:48am
I think the strategy can be used without using renko charts at all. It is basically entering a long trade when price moves up by 30 pips (3 renko bars) or short trade when the price moves down by 30 pips.

Cheers
  • #194
  • Mar 23, 2015 7:27am Mar 23, 2015 7:27am
Wow Magix, chillax, a little hostile. It was said with tongue in cheek. Sorry if I touched a nerve
  • #195
  • Mar 23, 2015 7:29am Mar 23, 2015 7:29am
Quoting ChicagoRob
Four losses and one winner, so far. Hopefully, results will be better today.
How many and what pairs in trade, Chicago?

I'm playing with a beast of a different color, got a little bit of a late start as I didn't get it fully written nor in test until after market open...

But all the same, it's not doing terrible on the first fistfull of trades.
Attached Image (click to enlarge)
Click to Enlarge Name: renkotrader.png Size: 17 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #196
  • Mar 23, 2015 7:40am Mar 23, 2015 7:40am
Quoting Magix
{quote} How many and what pairs in trade, Chicago? I'm playing with a beast of a different color, got a little bit of a late start as I didn't get it fully written nor in test until after market open... But all the same, it's not doing terrible on the first fistfull of trades. {image}
Just eurusd, right now.
  • #197
  • Mar 23, 2015 8:13am Mar 23, 2015 8:13am
Quoting Magix
{quote} How many and what pairs in trade, Chicago? I'm playing with a beast of a different color, got a little bit of a late start as I didn't get it fully written nor in test until after market open... But all the same, it's not doing terrible on the first fistfull of trades. {image}
Hey Magix!

Looking at the attached pic i noticed cMagix in the comment!
You coded an EA too for this strategy eh?
  • #198
  • Mar 23, 2015 8:46am Mar 23, 2015 8:46am
Are you guys going for Long & Short on all pairs? Or some for short (or long) only? Depending on where the price is at the moment
  • #199
  • Mar 23, 2015 8:53am Mar 23, 2015 8:53am
Quoting shreyash
{quote} Hey Magix! Looking at the attached pic i noticed cMagix in the comment! You coded an EA too for this strategy eh?
Kinda...

It is a Renko trader, but has a bit of a different set of rules and is a basket trader.

By basket, what it does is cost average trades along with the triggering logic and looks for a combined profit on all pairs.

So, if you have a look at the stats, it's pretty easy to see that it has entered in to 3 sets of trades, common profit is $10. When this target is hit, it closes all trades in the basket. The idea behind this is to let the winners buy out the losers and keep the choppy pairs from consuming profits on tight stops.
Attached Image (click to enlarge)
Click to Enlarge Name: cMagix.png Size: 86 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #200
  • Mar 23, 2015 9:35am Mar 23, 2015 9:35am
Here is Version 1.9 of the EA that let the user specify the moving average filter parameters in the input settings. The reset-recovery feature is implemented so that if you close your platform and re-open it, the EA will automatically find the open position and continues managing it. I also fixed some bugs reported by shreyash.

Note 1: In this version, time filtering won't be checked during backtest.

Note 2: I am busy this week with some stuff which may prevent me from prompt replying to the thread.
Attached File(s)
File Type: ex4 MathTrader7_RenkoEA.ex4   65 KB | 2,021 downloads
Trading is the hardest way to make easy money...
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