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Lets Automate a Simple Renko Strategy!

  • #401
  • Mar 26, 2015 10:09am Mar 26, 2015 10:09am
Quoting jaguar1637
{quote} Hey Magix ! which system logic is the most reliable ? Standard trigger or stated by the Op. ? or, may be this system logic should perform as EA based on HA smoothed ?
Honestly...I don't know, I haven't tested either logic.

Visually speaking, they both have situations where the pass and fail, but until or unless these guys get together and run actual group tests and compare trade pairs, we'll prolly never know.

As for Adding in the HA to the equation, without knowing your idea on using it as either a trigger, filter or on its own, I can't even speculate.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #402
  • Mar 26, 2015 10:17am Mar 26, 2015 10:17am
Quoting Magix
{quote} This entry is correct. For the Renko Hunter, it uses the fast and slow moving averages as a directional filter. For the MathTrader version, it only requires a close above or below both moving averages to take a trade. This is where the confusion comes in. Peter coded it as a standard trigger and trend system. Math coded it as was stated by the Op. As they are 2 different systems, knowing the entry logic of each will hopefully help you make the decision as to which one is best.
Thank you for the clarification.
  • #403
  • Mar 26, 2015 10:17am Mar 26, 2015 10:17am
for applying HA to renko chart, you may find useful information on More simple is impossible thread.
patience is a virtue
  • #404
  • Mar 26, 2015 10:44am Mar 26, 2015 10:44am
Quoting blueseahorse
for applying HA to renko chart, you may find useful information on More simple is impossible thread.
That is an entire system unto itself.

I understand the use of HA, I am just not sure what Jag was thinking for it's application to the current logic.

Most systems at FF have at one time or another have been coded for automation, on this...Most Fail!

Selective application of information as applied to trade specific pairs and their active sessions is something that an idea or generality cannot be successful at, globally applied to all currencies.

Specificity is KEY.

What pairs?
When do they trade?
Are we applying a trend, like Peter has?
Are we applying a breakout situation like proposed by Op?

With all of the ideas and information floating around, even the Op doesn't recognize his own triggering logic as applied by the first post...and with 2 versions trading similar by way of charts, but different by way of logic, this adds more confusion to the heap.

Over the weekend, what would be beneficial, is for a group of ya to get together and decide how to trade and what to trade and throw down some actual Trade Explorers or charts. Bring this down to a scientific methodology, where you control as many variables as possible and allow the Price to tell if the system will be a pass or fail.

All tests:
Same Broker (spread and timeshifts)
Same Brick (size of range and variable moving averages)
Same EA (EXACT SAME VERSION)

Test these for Hunter and Maths, and wait a week.

After a week, pool the results, compare the data and narrow down the probabilities for the following week, or simply discuss the merits of the system and possible changes.

Again, as I am only applying simple Renko and none of the rules of this system to my trading, I have no information to offer, only speculation.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #405
  • Edited 11:38am Mar 26, 2015 11:24am | Edited 11:38am
renko_hunter and the DAX.
Wish it would have stayed longer.

Update:
Created two Trade Explorers for both MathTrader7_RenkoEA and renko_hunter, performance is not so good.
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  • #406
  • Mar 26, 2015 12:30pm Mar 26, 2015 12:30pm
Quoting Reamasesa
renko_hunter and the DAX. Wish it would have stayed longer. Update: Created two Trade Explorers for both MathTrader7_RenkoEA and renko_hunter, performance is not so good. {image}
My most active pair this week has been GBPAUD. Given the current rules of my logic and the range of play at the end of NY session into TK, I never bothered starting it up yesterday.

Though my system qualifies trend, and trades according to direction based on movement of the Renko Candles, using it in a cost average at the top of the chart, didn't seem altogether a good idea. Not since playing on live funds...

Anyways...what I am saying is, your trying to base the success of the EA on a couple of days.

Let me ask you this...

Were your first days of trading in the Forex Markets a screaming success?

Probably not...

Based on a small sampling of market, a day (like your explorers), a week (this system), the expectation of success shouldn't be that high. The rules of the triggering and trading logic can barely be verified...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #407
  • Mar 26, 2015 1:30pm Mar 26, 2015 1:30pm
Gentlemen, we need to try the 'volatility' filter/s mentioned by sminage or by me. It is essential to integrate something into the logic that attempts to measure the strength / velocity of the movement.

R.
  • #408
  • Mar 26, 2015 2:56pm Mar 26, 2015 2:56pm
Hi MathTrader7 - thanks so much for your contributions with the EA, I am having a problem with the spread filter but think this is a great feature, is there any chance you could send me the source code as I would like to implement some money management, I'd be happy to share that after adding it. Thanks to everyone else who has contributed too.... Lee
  • #409
  • Mar 26, 2015 2:58pm Mar 26, 2015 2:58pm
Quoting Magix
{quote} My most active pair this week has been GBPAUD. Given the current rules of my logic and the range of play at the end of NY session into TK, I never bothered starting it up yesterday. Though my system qualifies trend, and trades according to direction based on movement of the Renko Candles, using it in a cost average at the top of the chart, didn't seem altogether a good idea. Not since playing on live funds... Anyways...what I am saying is, your trying to base the success of the EA on a couple of days. Let me ask you this... Were your first...
Sorry, reading back my post I did sound a bit off

When I set up my TE and posted my screenshots it was so that people may take a look at them and tell me if I have chosen the correct pairs and have set up everything properly. You see, this system has potential, however, it's still a bit crude, take a look at the screen shot I'm attaching from the trades it took on Oil, you see all those small profits and big losses? Is it supposed to be like that? Did I do something wrong? Maybe it was not meant to trade on Oil and Indices because of points instead of pips calculations? I don't know, that's why I'm asking, although, I admit, I should have been clearer on what I'm posting
And it's not just Oil, it's on other instruments as well, sometimes it runs the entire length of the trend but most often then not, it fails, both the hunter and the Math EAs.

Any help, suggestions or insights would be greatly appreciated and if the EAs creators might shed some light on the behaviour of the EAs, it would be great.



TIA.
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  • #410
  • Mar 26, 2015 3:31pm Mar 26, 2015 3:31pm
Quoting Reamasesa
Any help, suggestions or insights would be greatly appreciated and if the EAs creators might shed some light on the behaviour of the EAs, it would be great. TIA. {image}
If I were a betting man...

I would say that on Maths EA, he is using Close[0] as part of the closing criteria.

What this seemingly looks like, is:
if (Close[0]<Close[1]) return (close_long);
instead of
if (Close[1]<Close[2])return (close_long);

The difference on this is...Close[0] refers to current, up to the second movement of price. As applied by the renkos and our visual representation, we want an actual closed candle, not close following price. You are getting stopped out on the whipsaws instead of waiting for the full fruition of the trade.

You can see that where your trades exit, the current price, or Bid is actually less than the previous brick. Close[0]<Close[1]...

Now...

I cannot be 100% certain that this is how Math has his EA coded or if it is an actual fault of the Renko charts, or if it is how our current logic is being translated on the renko charts..I have only played with a couple of these and not enough to actually analyze the closing.

Because mine trades and closes a Basket, it is irrelevant where price is, only that the basket of all trades is greater than equal to the set profit.

Ergo...

I am of little value on this one, with again, exception of speculation.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #411
  • Mar 26, 2015 3:35pm Mar 26, 2015 3:35pm
Quoting Magix
{quote} If I were a betting man... I would say that on Maths EA, he is using Close[0] as part of the closing criteria. What this seemingly looks like, is: if (Close[0]<Close[1]) return (close_long); instead of if (Close[1]<Close[2])return (close_long); The difference on this is...Close[0] refers to current, up to the second movement of price. As applied by the renkos and our visual representation, we want an actual closed candle, not close following price. You are getting stopped out on the whipsaws instead of waiting for the full fruition of the...

Thanks for clarifying this.

I love baskets, are you using this system on a basket chart? I'm not familiar with automated basket EAs, just the manual ones.


Thanks again.
  • #412
  • Mar 26, 2015 3:43pm Mar 26, 2015 3:43pm
Quoting Mtkrams
Gentlemen, we need to try the 'volatility' filter/s mentioned by sminage or by me. It is essential to integrate something into the logic that attempts to measure the strength / velocity of the movement. R.
See previous explanation on Velocity of Movement.

If this is in fact a translation issue between MQL code understanding regular charts and not understanding Renko, velocity or how fast the price is moving might not be something that can be done.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #413
  • Mar 26, 2015 3:49pm Mar 26, 2015 3:49pm
Quoting Reamasesa
{quote} Thanks for clarifying this. I love baskets, are you using this system on a basket chart? I'm not familiar with automated basket EAs, just the manual ones. Thanks again.
Because of the Renko bricks needing to be built on each chart, I have to open my renko build chart and then my brick chart for each pair that I want to have trade in the basket.

Then...what it does, is look at the triggering logic and takes trades according to this on each chart as a separate entity...so, it may take a while for a trade to form on all charts.

After this, there is a cost averaging factor that is being implemented based on if the trend and trigger go opposite direction, or, even if they go the same direction higher or lower on the same chart.

It will hedge as required by the logic and take as many trades on as many charts as is necessary to build the gains to a fixed dollar amount.

When this basket is full or profit target is achieved, it closes all and waits for further trades.

This idea plays a lot better in choppy markets, where as long as trend doesn't do an all out mass reversal, like can be seen on a few pairs today, it does quite well.

Because of the ranges of the AUD pairs, I opted out of market with my basket today and am content with this decision as I do not believe my basket would be looking altogether healthy on a day like today.

The 3 previous days in test, Monday $60, Tuesday $50 (live), Wednesday $20 (live), today, zilch...

Meh.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #414
  • Mar 26, 2015 3:56pm Mar 26, 2015 3:56pm
Quoting Magix
{quote} Because of the Renko bricks needing to be built on each chart, I have to open my renko build chart and then my brick chart for each pair that I want to have trade in the basket. Then...what it does, is look at the triggering logic and takes trades according to this on each chart as a separate entity...so, it may take a while for a trade to form on all charts. After this, there is a cost averaging factor that is being implemented based on if the trend and trigger go opposite direction, or, even if they go the same direction higher or lower...

Whoa! Nice!
I'm looking into a basket EA right now but it's not working on Renko.
  • #415
  • Mar 26, 2015 4:08pm Mar 26, 2015 4:08pm
After extensive testing, I have a few bugs to report regarding Mathtrader's version 2.42.

- EA opens another trade after TP is hit or if I close a trade manual at a major level (Pivot, R1, S1, 00 etc) in the same direction.
- EA opens another trade if MT4 was restarted while in a trade.
- Set SL will be ignored, all trades will be closed after closing of a bar of the opposite color. Therefore SL is always the size of the set renko bar 2 x (roughly).
- MT4 crashes sometimes at the moment the EA opens a new trade (very hard to recreate).

Therefore I am trading this on demo semi-manual, with great success. I believe that fully automated is not profitable, since the strategy does not consider
major levels, like pivot, 00, 50, S1, R1, previous strong S/R, psychological levels etc. Which the EA will blindly open trades into those levels.

Example: Since the bar/bricks size is 10, the EA will open a buy trade, if conditions are right, at 1.10000 (EU) for example, which I manually would never ever do since 1.10000 is a major resistant level. Same with daily pivot and conditions.

Picture are worth a thousand words. This picture shows the behavior of price action around the 1.09 and 1.10 levels. Nevermind my renko size is 8, but this does not matter...
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  • #416
  • Mar 26, 2015 4:10pm Mar 26, 2015 4:10pm
Quoting Reamasesa
{quote} Whoa! Nice! I'm looking into a basket EA right now but it's not working on Renko.
You're looking at basket traders, not basket profit logic.

I should have clarified a little better.

Basket traders, compare strengths and weaknesses of pairs and bet on probability of continuation.

Basket profit, cost averages based on the idea that eventually market will move greatly enough in one direction on all pairs to come up with a combined static profit.

My way, has huge risks...Thus the reason I implement a little market analysis into not only creating my EAs, but also when running them.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #417
  • Mar 26, 2015 6:17pm Mar 26, 2015 6:17pm
A little revision to Renko Hunter, I will call it Mike Hunter...tee hee hee...

Based on THIS

PS, mods on this took about 2 minutes...

Lemme know how ya make out!
Attached File(s)
File Type: mq4 Mike_Hunter.mq4   11 KB | 1,155 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #418
  • Mar 26, 2015 6:26pm Mar 26, 2015 6:26pm
Hi Magix
where is your improvment ???

ok, Quickly, I just added a new variable ECN i.e b4 placing the OrderSend command

extern bool ECN = True;

............................................ in the code ............................
if (ECN == true)
ticket = OrderSend(Symbol(), OP_SELL, SellLots22, Bid, 4, 0, 0, "Sell This Motherfucker", 39, 0, Red);
else
ticket = OrderSend(Symbol(), OP_SELL, SellLots22, Bid, 4, SL, TP, "Sell This Motherfucker", 39, 0, Red);
/// etc

I put the quick mod on attachement
////////////////////////////////////////
Attached File(s)
File Type: mq4 Mike_Hunter_v1.mq4   11 KB | 1,007 downloads
  • #419
  • Mar 26, 2015 6:28pm Mar 26, 2015 6:28pm
Quoting Magix
A little revision to Renko Hunter, I will call it Mike Hunter...tee hee hee... Based on THIS PS, mods on this took about 2 minutes... Lemme know how ya make out! {file}
Stop and reverse? Always in a trade? If that's the case, this will be worth testing.
  • #420
  • Edited 7:38pm Mar 26, 2015 6:44pm | Edited 7:38pm
Hey Friends,

i have a Problem with ver. 2.42. The EA makes no positions open.
Not in Real or in Backtest.

I wait 4 hours and he makes Nothing ^^
Than i make a Backtest... and he makes Nothing.

Vers. 1.60 works great!

My Settings are on the Picture.

Attached Image (click to enlarge)
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Sorry for my Bad English. 2 Years School english

Thank you
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