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Lets Automate a Simple Renko Strategy!

  • #221
  • Mar 23, 2015 2:47pm Mar 23, 2015 2:47pm
Quoting Magix
{quote}
Sadly I was being serious haha
  • #222
  • Mar 23, 2015 3:25pm Mar 23, 2015 3:25pm
Quoting little1hu
sminage Please write how to backtest. I did not know.

Inserted Video


I use pl manager to close trades at certain profit.
  • #223
  • Mar 23, 2015 3:40pm Mar 23, 2015 3:40pm
Quoting mankindeg
{quote} Sadly I was being serious haha

I can appreciate that you are new here, maybe new to forex, so will go a little further and explain my last post.

This thread, like a lot of it's predecessors, shows a little promise and has one coder working feverishly on requests and debugging of a FREE EA.

Of all of the versions posted, the highest downloads have hit 227. Meaning, there's a good likelihood that 227 people downloaded it. This has all been in less than 2 full market days of trading. OF those 227 people, apparently working on the same ideas, there has been less than a fist full of people even thank Mathtrader7 for his efforts and even less evidence that people are using it by way of account information, trade explorers or myfxbook links.

Not saying that hundreds aren't testing this...just saying that the number of Freeloaders in this place is absolutely astounding.

Nobody is working to develop the system, nor analyze the pairs nor the probability of success...everybody just wants a free ride.

Then, in comes yourself.

Wanting to see who has the best sets.

Well, given the participation of the 227 who have downloaded, and the few that have even commented, I wouldn't be getting your hopes pinned to any solid answer.

After another version or so, really not much could be added, and Math will most likely just quietly walk away from this project and move on to another, fed up with bullshit requests and not a lot of appreciation with his efforts.

After the first sideways day on a single pair, the thread will be flooded with bullshit comments and the Op will most likely walk away as he already has what he needs and probably won't be bothered with the rest of the naysaying and no-saying of the rest.

And then...

The thread will fade into obscurity, along with the idea...for another couple of years until somebody decides to revive the idea again.

Only wish the market was AS predictable as the participation at the factory...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #224
  • Mar 23, 2015 3:48pm Mar 23, 2015 3:48pm
Quoting Magix
{quote} I can appreciate that you are new here, maybe new to forex, so will go a little further and explain my last post. This thread, like a lot of it's predecessors, shows a little promise and has one coder working feverishly on requests and debugging of a FREE EA. Of all of the versions posted, the highest downloads have hit 227. Meaning, there's a good likelihood that 227 people downloaded it. This has all been in less than 2 full market days of trading. OF those 227 people, apparently working on the same ideas, there has been less than a fist...
Good answer for those who are lazy and like spoon feeding . Keep it up .
  • #225
  • Mar 23, 2015 3:53pm Mar 23, 2015 3:53pm
Hi, I'm new here and subscribe to this thread. I want to thank all of you for your contribution and the OP for sharing his method of 3 years profitable trading. I am very interested in Renkos and will certainly test the method by making manual entries. Now - topic is let's automate - which is great as well and soon has been detected that a human trader is doing much more than a robot - detecting choppy markets, trading at times with good volatility, trading with the trend, applying MM methods etc.

MathTrader7, would you mind to public share the code of your EA so that other people can rewiew and offer their contribution like new ideas or functional / non functional enhancements ? I'm pretty sure interested people would investigate and come up with great ideas which can be consolidated and released - open source spirit. Please let me know what you think about.

GL to all and lots of pips,
V.
  • #226
  • Mar 23, 2015 3:53pm Mar 23, 2015 3:53pm
A trader working with this EA asked me about trade times and when would be the best to run this.

It is an excellent question and I have commented on trade specific sessions already, but will go a little further.

First off...do no use the stats from my trader, this one is very specific to my goals and doesn't trade anything like what Mathtrader7 has provided for the house users. But...here's how it goes.

Load as many pairs into your terminal as your trade computer will allow and set them working.

Open a Myfxbook portfolio with the information from this account.

After a couple of weeks, you will be able to click on the daily/hourly analysis tabs and have a good look as to how and when you would be best working with this strategy, should you decide to carry forward.

As for my own...I think I can do a little better on signalling and improve..but so far, 6 baskets closed in less than 24 hours and the baskets are all net gains!

Auooooooooga!

Myfxbook analysis.
Attached Image (click to enlarge)
Click to Enlarge Name: hourly.png Size: 57 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #227
  • Mar 23, 2015 3:58pm Mar 23, 2015 3:58pm
Quoting verified
Hi, I'm new here and subscribe to this thread. I want to thank all of you for your contribution and the OP for sharing his method of 3 years profitable trading. I am very interested in Renkos and will certainly test the method by making manual entries. Now - topic is let's automate - which is great as well and soon has been detected that a human trader is doing much more than a robot - detecting choppy markets, trading at times with good volatility, trading with the trend, applying MM methods etc. MathTrader7, would you mind to public share the...
There is an open source version posted HERE.

Given that this is probably one of the easiest strategies in the world of trading you will ever come across, reading through the coding on it and making some changes should fit nicely in to the "Easy as Pie" category for forex automation.

Expecting Mathtrader to sample out his collection of calls and code after he has already worked feverishly at multiple versions on request, isn't probably in the realm of things to happen.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #228
  • Mar 23, 2015 4:01pm Mar 23, 2015 4:01pm
Quoting Magix
A trader working with this EA asked me about trade times and when would be the best to run this. It is an excellent question and I have commented on trade specific sessions already, but will go a little further. First off...do no use the stats from my trader, this one is very specific to my goals and doesn't trade anything like what Mathtrader7 has provided for the house users. But...here's how it goes. Load as many pairs into your terminal as your trade computer will allow and set them working. Open a Myfxbook portfolio with the information from...
Magix, 2 versions of the EA will be or maybe are already created. What do you think about one, covering all the ideas and needs ?
  • #229
  • Edited 5:10pm Mar 23, 2015 4:08pm | Edited 5:10pm
Quoting Magix
{quote} There is an open source version posted HERE. Given that this is probably one of the easiest strategies in the world of trading you will ever come across, reading through the coding on it and making some changes should fit nicely in to the "Easy as Pie" category for forex automation. Expecting Mathtrader to sample out his collection of calls and code after he has already worked feverishly at multiple versions on request, isn't probably in the realm of things to...
Thank you for the link. The Renkos are not created in the EA ? Why ? No usability problems with MT4 strategy tester ( visual mode ) ? I did some coding, a view days ago, maybe it helps.

Edit: The code I worked on is a version of the Renko Bulider used in this thread. Please find the new version in posting 233.
  • #230
  • Mar 23, 2015 4:08pm Mar 23, 2015 4:08pm
Quoting verified
{quote} Magix, 2 versions of the EA will be or maybe are already created. What do you think about one, covering all the ideas and needs ?
I don't think that "Covering all of the Needs", will ever happen.

Not to seem all prickish here, but have a look at any trade system thread in FF. They all start a lot like this one, where the Op has a thread that shows an idea. From there, others chime in and add continually every idea they have ever come across that may or may not be relevant.

By the time you get to the last page of the thread, the charts look nothing like the 1st page examples if not the first post itself.

This is a very simple concept and has the potential to be profitable by those who understand...

As was written in the version of the link I provided, with exception of it being delayed by 1 extra candle, it is pretty close to SPOT on what the Op started off with.

Yet...here we are, 12 pages later...math has needed to modify his version 9 times.

Again...the free one and the coding on this idea, should be a Fantastic start for others who have never worked with this code, to begin with. From there, trying to coax others to participate will be the next big hurdle.

In this house, much like your trading account, the more you can singly rely on your own efforts, the greater your chance is at longevity.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #231
  • Mar 23, 2015 4:36pm Mar 23, 2015 4:36pm
Quoting Magix
{quote} I can appreciate that you are new here, maybe new to forex, so will go a little further and explain my last post. This thread, like a lot of it's predecessors, shows a little promise and has one coder working feverishly on requests and debugging of a FREE EA. Of all of the versions posted, the highest downloads have hit 227...
Sorry, I didn't really want to come off as rude or anything at all. Of course I am VERY interested in this system and want to thank everyone who contributed.
I just wanted to know what settings I should change when adding the EA.
  • #232
  • Mar 23, 2015 5:08pm Mar 23, 2015 5:08pm
Quoting little1hu
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?
Since you seem to have done most of the required steps, I can only imagine that maybe you are trying to use it in a time frame outside of the preset values (1 AM EST to 1 PM EST)? The steps are below in case you missed something. I know a few others had a little trouble getting it started so here:

1. Put EA into Experts folder.
2. Open MT4 (Go to Tools --> Options, and make sure "Allow Automated Trading" is checked along with "Allow DLL imports.")
3. Make sure Autotrading is enabled.
4. Open any M1 Chart and drag the EA onto it.
5. Open the M2 Offline chart for that pair. Hit F8 and uncheck "Offline Chart."
6. Apply the Renko Mod to change brick size to whatever you want, the EA automatically detects brick size.
7. Remove the EA from the original M1 chart, and add it to the offline chart. The M1 chart can be minimized, but not closed.
8. Make sure the Magic Number for the EA is different for each EA used, and make sure the time range is set in the time frame you want it to trade. The most recent version is set to trade from 1 A.M. EST to 1 P.M. EST I believe.
  • #233
  • Mar 23, 2015 5:08pm Mar 23, 2015 5:08pm
I just realized that the version I was working on is being used here ( Posting 1 ). I applied one missing update and here is the new file - for all. You can replace your current Renko builder with this one.

GL, V.
Attached File(s)
File Type: mq4 EA_RMLiveCharts_v5_00.mq4   31 KB | 1,167 downloads
  • #234
  • Mar 23, 2015 5:24pm Mar 23, 2015 5:24pm
Quoting shreyash
Hey ... Also, if you like my strategy please dont forget to thank me!!! {file}
I like your strategy and I thank you !!!
  • #235
  • Mar 23, 2015 6:06pm Mar 23, 2015 6:06pm
Quoting krumpy
My version has a few other features that could be useful in your next update. Gap detection between the EMA's to further filter out sideways action. Check spreads are less then X before placing the trade.. (I got smashed by a news release as I left EA running.. so added this) Count minutes between the last two closed bars. (I use this for an extra entry to try catch volatile conditions. ie If 2x last bars are same color and formed in less then 2 minutes place trade.)
Good Ideas! I will implement them in the next versions.
Trading is the hardest way to make easy money...
  • #236
  • Mar 23, 2015 6:21pm Mar 23, 2015 6:21pm
Quoting verified
I just realized that the version I was working on is being used here ( Posting 1 ). I applied one missing update and here is the new file - for all. You can replace your current Renko builder with this one. GL, V. {file}
I applied this new version but found the Renko Chart won't update anymore. So I replaced it with the old one and it worked again.
  • #237
  • Mar 23, 2015 7:56pm Mar 23, 2015 7:56pm
hi mathtrader

i would like to report a bug using 1.81 version EA.
when placing trade with a ECN account, the SL will not be placed above/below swing high/low
actually i do not see any SLs
patience is a virtue
  • #238
  • Mar 23, 2015 8:58pm Mar 23, 2015 8:58pm
Quoting MathTrader7
Here is Version 1.95 of the EA that I fixed the bug in the reset-recovery feature. So, you should be able to modify the input parameters without observing the EA opens a new position if there is one running... {file}
Really nice work MathTrader. I will test it out. Thanks for dedicating your time. Salut
  • #239
  • Mar 23, 2015 9:20pm Mar 23, 2015 9:20pm
Quoting sminage
Running trades .Really great contribution by mathtrader , shreyash... {image}
What I've got are almost losing trades, which are big lost. Only few are winning trades.
  • #240
  • Mar 23, 2015 9:45pm Mar 23, 2015 9:45pm
I got a buy order with just a brick (EA version 1.95)
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