Lets Automate a Simple Renko Strategy! | Page 16 | 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!

  • #301
  • Mar 24, 2015 11:22pm Mar 24, 2015 11:22pm
using mathtrader 2.42 backtested with same period:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 57 KB
patience is a virtue
  • #302
  • Mar 24, 2015 11:36pm Mar 24, 2015 11:36pm
GU 10 pips from 2015.1.1--2015 3.23 using renko hunter:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB
patience is a virtue
  • #303
  • Mar 24, 2015 11:37pm Mar 24, 2015 11:37pm
Quoting blueseahorse
GU 10 pips from 2015.1.1--2015 3.23 using renko hunter: {image}
using mathtrader same period:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
patience is a virtue
  • #304
  • Mar 25, 2015 12:25am Mar 25, 2015 12:25am
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...
Hey Magix!

Why dont you start a new thread for the renko basket strategy!
We all would love to know more about it...
  • #305
  • Mar 25, 2015 2:21am Mar 25, 2015 2:21am
Hey MathTrader7!

There seems to be a bug in the EA that is hounding me in most of the versions!
I have attached the EA to almost 10 charts and on random pairs even if "check 3rd candle" parameter is set to false,
it takes a trade on the open of 4th brick once the EA is activated after restart of MT4 or on attaching to a new chart though the entry had to be taken only on the completion of 2 bricks and on the opening of 3rd bar!

Pls remember we don't want to be catching a moving train!

Also can you change the default logic to check only the close of 2 consecutive new color bricks and not 3 bricks!

I have attached some screen shots for your reference!

Happy Pipping!

Attached Image (click to enlarge)
Click to Enlarge Name: 2503.png Size: 78 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 250315.png Size: 33 KB
  • #306
  • Mar 25, 2015 2:28am Mar 25, 2015 2:28am
Quoting Magix
{quote} ..... 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 decentmy logic and applying set optics to try and improve my own manual meth 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...
ok, thanks for your experiance. I have several EAs running on forward testing for more than a year now, some less. At this point is demo forward testing. I am thinking of building a EA that would run on a live platformS(several live accounts with different brokers) and the EA would just write the signals and outcome, not trade it. Yeah i know I have several issues to consider (trade timeout and perhaps broker canceling me after few months?) but that doesnt bother me at this point.
I think this is relatively nice plan to play the forward testing part of this business.
  • #307
  • Mar 25, 2015 2:42am Mar 25, 2015 2:42am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM3.png Size: 29 KB


It should ignore the trade if we are late!
No catching moving trains...
  • #308
  • Mar 25, 2015 3:07am Mar 25, 2015 3:07am
Quoting blueseahorse
GU 10 pips from 2015.1.1--2015 3.23 using renko hunter: {image}
Thank you very much for testing :-)
  • #309
  • Mar 25, 2015 3:09am Mar 25, 2015 3:09am
Quoting blueseahorse
GU 10 pips from 2015.1.1--2015 3.23 using renko hunter: {image}
thanks for the backtest, but i see one problem, the quality history is 25% (i might be wrong my Chinese reading skill r a little rusty). it s better if you can get btw 90 to 100% Since it s really hard to backtest renko, im not sure its reliable.

anyway, 加油 !!
  • #310
  • Mar 25, 2015 3:31am Mar 25, 2015 3:31am
Quoting blueseahorse
GU 10 pips from 2015.1.1--2015 3.23 using renko hunter: {image}
Is renko hunter following a different strategy than what is explained in Post#1?

Thanks.
  • #311
  • Mar 25, 2015 3:56am Mar 25, 2015 3:56am
Quoting jauhar
{quote} Is renko hunter following a different strategy than what is explained in Post#1? Thanks.
same as post1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.PNG Size: 47 KB
Click to Enlarge Name: eurgbp.PNG Size: 32 KB
Click to Enlarge Name: eurjpy.PNG Size: 46 KB
Click to Enlarge Name: eurusd.PNG Size: 42 KB
Click to Enlarge Name: nzdusd.PNG Size: 40 KB
  • #312
  • Mar 25, 2015 5:51am Mar 25, 2015 5:51am
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}
Hey!

Can you please explain the extern parameters...
As they are confusing...

Thanks!
  • #313
  • Mar 25, 2015 6:34am Mar 25, 2015 6:34am
ok.

I am now trading 3 days with Mathtraders EA on live account 3000$.

I am trading 0.2 lot size. Leverage of 100
Pairs: EURUSD, EURJPY, GBPUSD,GBPJPY.
Brick Size is 5

Monday i made 30$, Yesterday i made 100$ Profit, today till mid London Seassion 100$.

It works fine. First EA I ever used but i feel comfortable with it because i dont have to fear a total loss because of tight stops and perfect working trailing stops and close on candleswitch.

Thank you really for that nice EA. It rounds up my portfolio really much.
  • #314
  • Mar 25, 2015 6:38am Mar 25, 2015 6:38am
Quoting IAmRetep
{quote} Thank you very much for testing :-)
i will test it in demo account to see real market result
i think it is a good strategy to reduce the risk and drawdowns when market become choppy
thank you for sharing the EA!
patience is a virtue
  • #315
  • Mar 25, 2015 6:39am Mar 25, 2015 6:39am
Quoting shreyash
{image} It should ignore the trade if we are late! No catching moving trains...
The entry on this chart is correct.

If check 3rd bar=true, it wouldn't have taken the trade.

Check the conditions.

Close[2]>Open[2]&&Close[1]>Open[1]&&Close[1]>MA21&&Close[1]>MA50.

All of those conditions were met and the trade was executed.

If you want to wait for confirmation, then waiting until Close[3]<Open[3] would have nullified the conditioning as it was the 3rd consecutive buy candle that closed above the Moving Averages.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #316
  • Mar 25, 2015 6:41am Mar 25, 2015 6:41am
Quoting toinou21
{quote} thanks for the backtest, but i see one problem, the quality history is 25% (i might be wrong my Chinese reading skill r a little rusty). it s better if you can get btw 90 to 100% Since it s really hard to backtest renko, im not sure its reliable. anyway, 加油 !!
you are right, it is not easy to backtest renko, and not sure its reliability. so i decided to forward test it in demo.
patience is a virtue
  • #317
  • Mar 25, 2015 7:08am Mar 25, 2015 7:08am
i don't know why, but in GBPUSD renko hunter seem make profit more easy. At least with default settings.
Try don't lose pants never...
  • #318
  • Mar 25, 2015 7:17am Mar 25, 2015 7:17am
[quote=blueseahorse;8163207]{quote} you are right, it is not easy to backtest renko, and not sure its reliability. so i decided to forward test it in demo.[/qu
  • #319
  • Mar 25, 2015 8:01am Mar 25, 2015 8:01am
Why my charts are different from the ones from you guys? Anything wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: QQ图片20150325205900.jpg Size: 214 KB
  • #320
  • Mar 25, 2015 8:49am Mar 25, 2015 8:49am
Quoting 89578251
Why my charts are different from the ones from you guys? Anything wrong?
Part of your issue is the amount of history that you have...the more historical data saved, the more bars can be printed.

After that, you have HLC bars selected, to mimic others, use the Candle selection.
Attached Image (click to enlarge)
Click to Enlarge Name: check.jpg Size: 306 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
3 traders viewing now