Lets Automate a Simple Renko Strategy! | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

I will code & automate your strategy for free 110 replies

Should I Automate My Strategy? 10 replies

WRB/MC strategy:Coder needed to semi-automate my strategy 11 replies

My Simple System (Can we automate this system?) 96 replies

How can I fully automate my strategy? 2 replies

Attachments: Lets Automate a Simple Renko Strategy!
Exit Attachments

Lets Automate a Simple Renko Strategy!

  • #281
  • Mar 24, 2015 1:23pm Mar 24, 2015 1:23pm
Quoting Mtkrams
{quote} Is it OK with this EA to choose the 'only Long' or 'only short' options? I am asking because I tried EAs by others which show a whole lot of errors and popups when that is done. Thanks, R.
I haven't implemented this feature yet...
Trading is the hardest way to make easy money...
  • #282
  • Mar 24, 2015 1:29pm Mar 24, 2015 1:29pm
Quoting Mtkrams
{quote} Is it OK with this EA to choose the 'only Long' or 'only short' options? I am asking because I tried EAs by others which show a whole lot of errors and popups when that is done. Thanks, R.
Why would you do this?

Past that, don't worry about the errors that show up in the journal or experts tabs, it's just letting you know that the logic is trying to take a trade but is restricted by your selection.

The idea behind this trader is actually pretty well filtered without the only long and only short options.
You can select the time.
The Moving Averages.
Brick Size.

After that, it's just allowing it to do it's thang. Follow price.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #283
  • Mar 24, 2015 1:34pm Mar 24, 2015 1:34pm
Quoting Magix
{quote} Why would you do this? Past that, don't worry about the errors that show up in the journal or experts tabs, it's just letting you know that the logic is trying to take a trade but is restricted by your selection. The idea behind this trader is actually pretty well filtered without the only long and only short options. You can select the time. The Moving Averages. Brick Size. After that, it's just allowing it to do it's thang. Follow price.
Thanks for the input. :-)

It might make sense to choose 'only short/long' for someone who does his own analysis (e.g. following the higher timeframes, etc) or has some particular direction bias for a particular pair and just wants to automate the entry / exit...

R.
  • #284
  • Mar 24, 2015 1:47pm Mar 24, 2015 1:47pm
Quoting Mtkrams
{quote} Thanks for the input. :-) It might make sense to choose 'only short/long' for someone who does his own analysis (e.g. following the higher timeframes, etc) or has some particular direction bias for a particular pair and just wants to automate the entry / exit... R.

Not actually with this strategy, it doesn't.

Reason being, is that it still must wait for a Close above/below the Moving averages.

IF you wanted to go this route, it'd be worth your time to make some modifications to the open source version HERE.

Again, as this this is a "Simple as Pie" application, modifications can be made to this version with very little ease, for even the technically challenged.

Remove the Moving Average Criteria.
Remove the Close[3]>Open[3] for longs, and Close[3]<Open[3] for shorts and then compile.

With this, it will take the trades at the turns with a much simpler set of rules that goes by your technical analysis.

I like where you are going with this and hope you try and take a little of this on yourself. Open that file up, have a poke around and ask as many more questions as you need. This EA, in it's simplicity applied to the Renko charts is a very powerful tool, especially in somebody with capable hands on analysis, such as yourself.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #285
  • Mar 24, 2015 1:49pm Mar 24, 2015 1:49pm
Quoting MathTrader7
Here is Version 2.42 of the EA that fixes a bug in spread filtering input. {file}
Strategy Tester reports error:

2015.03.24 19:46:47.340 2013.01.01 00:00 array out of range in 'MathTrader7_RenkoEA.mq4' (188,12)
  • #286
  • Mar 24, 2015 2:46pm Mar 24, 2015 2:46pm
I search in thread but i don't find how do EA runs in backtester. I run strategy tester but M1 chart is normal, not renko. I put RenkoMod in offline chart but i can't create M1 renko chart. Can somebody help me?
Try don't lose pants never...
  • #287
  • Mar 24, 2015 2:48pm Mar 24, 2015 2:48pm
Is it possible to make it work on an offline chart ? What i mean is earlier in this thread You said that we need to uncheck the offline chart at properties for it to work, by doing so when i restart my MT4, i don't have this chart(offline) anymore open... on it's place is normal time based chart H1. So basically with every open i have to first create my offline chart then set properties, apply template and EA and fill in settings i want... it's not so comfortable...

greetings
  • #288
  • Mar 24, 2015 3:14pm Mar 24, 2015 3:14pm
Quoting Lupus29
Is it possible to make it work on an offline chart ? What i mean is earlier in this thread You said that we need to uncheck the offline chart at properties for it to work, by doing so when i restart my MT4, i don't have this chart(offline) anymore open... on it's place is normal time based chart H1. So basically with every open i have to first create my offline chart then set properties, apply template and EA and fill in settings i want... it's not so comfortable... greetings
It is best to run the EA on a VPS...
Trading is the hardest way to make easy money...
  • #289
  • Mar 24, 2015 3:21pm Mar 24, 2015 3:21pm
Quoting braintheboss
I search in thread but i don't find how do EA runs in backtester. I run strategy tester but M1 chart is normal, not renko. I put RenkoMod in offline chart but i can't create M1 renko chart. Can somebody help me?
This thread might be of help:
http://www.forexfactory.com/showthread.php?t=483951
  • #290
  • Mar 24, 2015 3:29pm Mar 24, 2015 3:29pm
Quoting braintheboss
I search in thread but i don't find how do EA runs in backtester. I run strategy tester but M1 chart is normal, not renko. I put RenkoMod in offline chart but i can't create M1 renko chart. Can somebody help me?
Unless you are going to test triggering of a Re-Mastered version and need to test logic...

Don't bother.

Backtests are to analyze and verify that strategy meets with logic, not performance.

If you are looking for confirmation that this EA trades as according to it's specific design, best way to do this and gain a sense of risk and reward, is by forward testing.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #291
  • Mar 24, 2015 3:48pm Mar 24, 2015 3:48pm
Quoting Magix
{quote} Unless you are going to test triggering of a Re-Mastered version and need to test logic... Don't bother. Backtests are to analyze and verify that strategy meets with logic, not performance. If you are looking for confirmation that this EA trades as according to it's specific design, best way to do this and gain a sense of risk and reward, is by forward testing.
Only I want see EA logic. Waiting hours in Demo for see this is tedious when you test for first time an EA.
Try don't lose pants never...
  • #292
  • Mar 24, 2015 3:49pm Mar 24, 2015 3:49pm
Quoting autobahn
{quote} This thread might be of help: http://www.forexfactory.com/showthread.php?t=483951
Thanks
Try don't lose pants never...
  • #293
  • Mar 24, 2015 3:54pm Mar 24, 2015 3:54pm
Quoting Magix
{quote} Unless you are going to test triggering of a Re-Mastered version and need to test logic... Don't bother. Backtests are to analyze and verify that strategy meets with logic, not performance. If you are looking for confirmation that this EA trades as according to it's specific design, best way to do this and gain a sense of risk and reward, is by forward testing.
2 things mate,

talking in general..

1) whats your experiance with MT5 testing ? what is your opinion on this.
have done some testing and results are not the same as mt4 (talking about forward testing)

2) whats your experiance in forward testing live and demo? have you tried same EA testing on both platforms and what was the result there (same, different)

what do you reckon? I appreciate
  • #294
  • Mar 24, 2015 4:37pm Mar 24, 2015 4:37pm
Quoting MathTrader7
Here is Version 2.42 of the EA that fixes a bug in spread filtering input. {file}
When i change the ea to 2.42 it doesn't take control the existing trade.
  • #295
  • Mar 24, 2015 4:56pm Mar 24, 2015 4:56pm
Quoting 21vs7
1) whats your experiance with MT5 testing ? what is your opinion on this. have done some testing and results are not the same as mt4 (talking about forward testing)
None, nada, zilch n zero...

Quoting 21vs7
2) whats your experiance in forward testing live and demo? have you tried same EA testing on both platforms and what was the result there (same, different) what do you reckon? I appreciate
Admittedly, I do run backtests, but not for the same reasons that most others do and have only ever worked with mt4.

At one point, I did have logic on a tester come within a fractional margin of profit difference in backtest as did the week prior...but that was a week sample. After that, running it for the second, third and fourth weeks, that fraction became the difference from night and day, leaving me with my same thoughts in that backtests for reliable data are worthless.

Now...when I watch a backtest running, I do apply different logics by way of templates via indicators and run the tests to see the comparable logic from the EA to what I would normally look at...because I have a handle on when I would push the button, it is somewhat important for me to have an EA respond in the same way. From there, the next step is taking exit. This, not as easy...when you watch market you can wait for the surge and volume before you see what might inevitably be a turn...getting logic to find an exit in a surge, not so easy and there is a typical head fake that can easily trip out a decent trigger with a narrow win to loss...

So...backtests for data and probability...until somebody can show me a single month of backs that compares within a reasonable margin to what ran live, I will continue to only use this as a strategy tester in confirming my logic and applying set optics to try and improve my own manual methodology.

This renko shit...a whole new ball game when it comes to EAs for me. I've played with the renko before, but never really had much success...these days, a little better off. What I want to do, is slap my live trades closes from renko onto an M1 and M5 chart during the weekend to see how these would compare to what and where I would normally take trades.

The renko is gooooooooooooooooood!

And the basket application takes this to a whole new level!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #296
  • Mar 24, 2015 5:03pm Mar 24, 2015 5:03pm
If anyone can handle Renko, it would be you, Magix. Think of it as a challenge.
You have been bitten by the Renko bug, as have I. And by all means, do keep
us up-to-speed on your Renko basket strategies.
  • #297
  • Edited 6:29pm Mar 24, 2015 6:17pm | Edited 6:29pm
Quoting ChicagoRob
If anyone can handle Renko, it would be you, Magix. Think of it as a challenge. You have been bitten by the Renko bug, as have I. And by all means, do keep us up-to-speed on your Renko basket strategies.

For shitz n gigglez...

Normally, I would test any trade logic for at least a month, prior to live. This applied to my view of trade cycles by day, week and session gives me a relatively reasonable expectation for running forward.

BUT!!!

Because of the Renko and my idea on filtering, having an idea by way of a visual backtest and Monday's stats, I figured, I'd giver a whirl. I have a small builder account that I'd normally take up to my stat $1500 before unleashing any of my other beasts on, this account is being fed by profit from my other accounts, so in effect, it is just the profit rolls...free money, as it were.

Anywhooooooooo...

As we have discussed and even as the op has stated, it is best to apply this strategy to when the market will actually go in to trend vs the chopzones of the Sydney/TK session...But, I figured that because I have a few AUD pairs in tow, run it a little early. Well, this may have not been the best decision, but the outcome was still acceptable.

By the time I was tucking into my footie jammies, gettin ready to cozy down for the night, my little EA had run itself into about $40 bucks worth of bad holds. So...options were, let it run or close all and see how the demo clone finishes off without me...BAH, Fuck it! I let'r run!

Upon waking this morning, and checking it throughout the day, it added about $50 bone to the account, roughly 5%. So...for whoever reading this and doesn't do well with math...I have applied an EA to $900(ish) account and have turned up a tidy $50.

Math to me looks like this...if I steer clear of holidays and continue to run it during the active trade sessions, I have about 19 days per month that this bitch can run. If it mimics yesterday on demo ($60 profit) and today on live ($50 profit), I could effectively double this little account for another branch added to my tree of hobby accounts every month. If it busts...well, fuck it...nothing ventured nothing gained.

The basket is a cost average basket and does work with a multiplier and though works on the renko charts, does not play by the same rules as the Op has stated, much the reason that I am not talking strategy of the actual logic here.

Todays stats minus commish
AUDUSD - <$.64>
EURAUD - <$17.86> <-don't think I will be testing with this pair anymore
EURJPY - <$34.93> <-seemingly a bad day for EJ but will keep it in the running.
EURUSD - $9.23
GBPAUD - $27.22
GBPJPY - $57.14
GBPUSD - $14.48

Total - $54.64
Attached Image (click to enlarge)
Click to Enlarge Name: net.png Size: 23 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #298
  • Mar 24, 2015 8:50pm Mar 24, 2015 8:50pm
Commence au festival!
Attached Image (click to enlarge)
Click to Enlarge Name: commence.jpg Size: 106 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #299
  • Mar 24, 2015 9:32pm Mar 24, 2015 9:32pm
Quoting Magix
{quote} For shitz n gigglez... Normally, I would test any trade logic for at least a month, prior to live. This applied to my view of trade cycles by day, week and session gives me a relatively reasonable expectation for running forward. BUT!!! Because of the Renko and my idea on filtering, having an idea by way of a visual backtest and Monday's stats, I figured, I'd giver a whirl. I have a small builder account that I'd normally take up to my stat $1500 before unleashing any of my other beasts on, this account is being fed by profit from my other...
Could you please share your EA?
  • #300
  • Mar 24, 2015 11:14pm Mar 24, 2015 11:14pm
Quoting IAmRetep
To whom it may concern, the latest version of "renko_hunter". You'll get - defined entries - defined stops - only 1 order per order session (buy or sell) After 9 pips profit( break even) it closes the LeaveLots, that seems to be the best way to get successful trades. sminage thank you for testing I am waiting in anticipation. {file}
i think using renko hunter will generate much smoother result than mathtrader EA, i have back tested 10 pips renko GU from 2014.10.1-- 2015.1.1:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
patience is a virtue
2 traders viewing now