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Attachments: Lets Automate a Simple Renko Strategy!
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Lets Automate a Simple Renko Strategy!

So,

Is it possible for those of us who do not code to get an update on mike_hunter, please?
And a BE, maybe? Pretty please?


Thanks
Quoting krumpy
I'm in the middle of moving house but once I get sorted I will post my EA on a separate thread. (not really a forum guy but happy to share some work) As I've mentioned a few times in this thread you should really look at how quick the bricks are forming.. I also look at swings using zigzag. (I know it repaints but I use it as confirmation of the trend at the time.. ie if zag is getting pulled down as we are seeing quick red bricks being formed we place a sell (consecutive new lows).. and continue to sell on each new red brick till a green brick...
I also believe this is a very good approach!

Actually some time I proposed something similar http://www.forexfactory.com/showthre...63#post7856763
So it was very nice to see your post. Hope it will be used in this thread.
My MathTrader demos and my Renko_Hunter demos took a beating, today
Average loss between $40 to $65 per demo. And this was with the time filter, trading
only London/NY.

Surprisingly, Mike_Hunter came through with a $30 gain.
Quoting krumpy
I'm in the middle of moving house but once I get sorted I will post my EA on a separate thread. (not really a forum guy but happy to share some work) As I've mentioned a few times in this thread you should really look at how quick the bricks are forming.. I also look at swings using zigzag. (I know it repaints but I use it as confirmation of the trend at the time.. ie if zag is getting pulled down as we are seeing quick red bricks being formed we place a sell (consecutive new lows).. and continue to sell on each new red brick till a green brick...
This is very interesting!

R.
Quoting ChicagoRob
My MathTrader demos and my Renko_Hunter demos took a beating, today Average loss between $40 to $65 per demo. And this was with the time filter, trading only London/NY. Surprisingly, Mike_Hunter came through with a $30 gain.


There is something to be said for tipping back a couple and writing a little code....

Not sure if you know the history of Voodoo...but it's actually quite a bit amusing.

Counter_rip is the basis for this strategy. I was heavy involved in finishing off several beer and working out a few ideas for coding. As I was doing this, I inadvertently left in a profit strategy that turned this into a great gainer for the following couple of weeks. With my hazy optics, even managed to password protect the code, password=BEER.

For the rest of you, not familiar with me...

That was a free piece of code released to a few friends in another house. With the help of some friends who helped build that house and hands of a fantastic coding genius, the Voodoo was born trading the trend and triggering logic of Counter_RIP, to trade multiple currencies on multiple timeframes with limited con-currencies. This is a project that has generated THOUSANDS of dollars for Charities across the globe as it was put up for Sale by donation. Those that showed proof of donation in set levels could obtain a Bronze, Silver or Gold license and this very same EA is still trucking with the help of a few gracious donators, who are in set patterns of Account Doubling on smaller scales.

The moral of the story.

Get Drunk and Write an EA!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Well, whipsaw will eventually, kill this strategy.
Bummer.
Quoting Reamasesa
Well, whipsaw will eventually, kill this strategy. Bummer.
if one allows himself/herself to be whipsawed one will nurse some losses, not larger than the SL
if one chooses to trade certain times only like first 2or 3 hours of London open, and 2 hrs of US open there is no reason to suffer losses, as these times are often very busy
if one only thinks about profits without doing hard work, one is likely to think about it for a very long time
Magix has done a very good job here, only likely to be appreciated by those who trade real accounts.
Good weekend to all,
2be
Quoting 2be
if one only thinks about profits without doing hard work, one is likely to think about it for a very long time
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting 2be
Magix has done a very good job here,
If you think I've done a good job here...

You should see the work of a couple of my friends. I ride the short bus to where these guys run the school!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • Post #470
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  • Edited at 11:25pm Mar 27, 2015 10:48pm | Edited at 11:25pm
Good morning ladies and gentlemen ! so, is there a latest version of mike_hunter without the "beer bug" available for download ? not clear to me.
Quoting krumpy
I'm in the middle of moving house but once I get sorted I will post my EA on a separate thread. (not really a forum guy but happy to share some work) As I've mentioned a few times in this thread you should really look at how quick the bricks are forming.. I also look at swings using zigzag. (I know it repaints but I use it as confirmation of the trend at the time.. ie if zag is getting pulled down as we are seeing quick red bricks being formed we place a sell (consecutive new lows).. and continue to sell on each new red brick till a green brick...

waiting for that ea and thread.
Hi,
Yesterday I built this version of renko hunter. Without beer bug. You can use it with/without MA21> or <50, CCI14 and MA21 Current > or <3.
After testing I'll upload it Monday morning. Next week I also want to build in ZigZag and WMP indicators for further tests.
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Quoting 2be
{quote} if one allows himself/herself to be whipsawed one will nurse some losses, not larger than the SL if one chooses to trade certain times only like first 2or 3 hours of London open, and 2 hrs of US open there is no reason to suffer losses, as these times are often very busy if one only thinks about profits without doing hard work, one is likely to think about it for a very long time Magix has done a very good job here, only likely to be appreciated by those who trade real accounts. Good weekend to all, 2be
I didn't say he didn't do a good job only that MM is what will keep this strategy afloat, at least, from my observations.
And yes, as much as I can, I did test it, we are all here to learn from one another and yes, make profits, too. So if the EA is not supposed to run 24/5 it's one thing, if the SL needs tweaking, it's another, I'm adapting and learning.


Thanks.
Quoting piplover143
{quote} waiting for that ea and thread.
Had a few other PM's with people eager to get their hands on it. Let me just say.. IMO Expert Advisors should only be used as a tool to assist in your trading.. They should not be run 24/5! Unless you have unlimited credit and working with Martingale your simply going to loose in the long run...

To be profitable in forex you need to be very patient! Watch the current market behaviour, look for consistency then try capitalise on that.
Yes, it would be amazing if we can find someone who has posted a free script that makes us millions but that day will never happen. (thankfully)

The holy grail we are all looking for is simply a trading style you are comfortable with. Understand what your dealing with and plan how you want to tackle it.
I'm hesitant to post my EA.. because the EA alone won't make you money.. It requires market analysis which logic can not be catered.. It would require constant updates on current market conditions and suggestions on how to use it.. (or could look at syncing trades).. But I feel the thread will be bombarded with people taking full advantage of devoted work.. and honestly not keen on dealing with the ego that runs around here..

No offence to anyone but I taught myself to code because I wanted to give trading the absolute best shot I could and allowed me to test idea's I have historically. It's painful to have to read people complaining about this doing that or this not working.. If you consider yourself a trader seriously how successful do you think you will be if you cant put in some work to fix or learn more? If you expect to get anything from this some serious study needs to be done! Don't just piggy back people's ideas hoping they are providing the grail.

Sorry for the rant, moving sucks
Quoting krumpy
I'm in the middle of moving house but once I get sorted I will post my EA on a separate thread. (not really a forum guy but happy to share some work) As I've mentioned a few times in this thread you should really look at how quick the bricks are forming.. I also look at swings using zigzag. (I know it repaints but I use it as confirmation of the trend at the time.. ie if zag is getting pulled down as we are seeing quick red bricks being formed we place a sell (consecutive new lows).. and continue to sell on each new red brick till a green brick...

Hey krumpy. I really like your posts. You always make sense to me and that's saying something in the world of trading lol. What do you think of trying a percentage of the atr/adr as a brick size? i briefly tested 1/8 of the day befores candle but now was thining of adr the adr and thought it was as good as any other idea. renko is great so long as you have your direction correct. what do you use for direction?
Don't sell us short, Krumpy. Some of us actually do look at the big picture. Yeah, moving sucks.
Quoting krumpy
{quote} Had a few other PM's with people eager to get their hands on it. Let me just say.. IMO Expert Advisors should only be used as a tool to assist in your trading.. They should not be run 24/5! Unless you have unlimited credit and working with Martingale your simply going to loose in the long run... To be profitable in forex you need to be very patient! Watch the current market behaviour, look for consistency then try capitalise on that. Yes, it would be amazing if we can find someone who has posted a free script that makes us millions but that...
This, I like
Thanks for your words, as for me, since I did try my best to code, not just in forex but in general, and failed miserably in it (yes, I took courses, read books, and other such like methods) all I can do is try my best to provide observations and testing (not only in demo) others' work.
So, yes, I read a lot, test a lot, experiment with various methods, I know what I like and what I don't like and search for systems and ideas that stem from that quest to better myself at forex trading.
If anything I said sounded like I was complaining, I apologize but since I cannot code (and yes, I can write a descent OpenOrder script but that's about as far as I can go) and am pretty excited about this system I sound a bit pouty and frustrated at times, I will take note of that in future posting here.

This is actually an idea close to an EMA cross idea someone is coding an Indi for me, that's why I would like to see this idea being pushed more and if there's anything I can do to help, you say it and I'll try.


Thanks again.
Quoting Magix
{quote} If you think I've done a good job here... You should see the work of a couple of my friends. I ride the short bus to where these guys run the school! {image}
Hi Magix,
Have had a look at the suggested sites, there is rather a lot of work done here and there, no doubt about it.
I use MT4 only as an indicative set up, and trade only a small accounts with them (some bucket shops already gone to the wall like REFCO, ALPARI and the FXCM - claiming to be the biggest retail trading platform had to be rescued ) and the remaining have "problems" with interface and pricing LOL, for serious trading I use other platforms with much less interesting charting packages, but more secure in relation to the capital and execution.
Nevertheless MT4 is very useful as I copy the trades and run some strategies on it. Have been using renko charts for a while as an additional fixture, but I always like to have a normal candles too.
I like to trade from pre-set levels but a momentum style indicator allows me to scale up or down positions on intra day trading.
Have almost stopped trading fx in favour of DAX and DOW due to volatility, though recent months have had improved volatility on fx pairs.
I like to use different TF's gearing and run EA or like EA indicator on a shorter TF (M1 or M5 or off line M2 for renko).
Even a poorer quality signal on shorter TF has got a chance to work if it points in the direction of trend of a higher TF.
I look for the market structure and rhythm, and some indicators/EA are picking it form me reducing the amount of info one needs to digest.
All my bigger trades are therefore discretionary as they are not on MT4. However a lot of chart work I do is done on MT4, Pro-real and DT6.
Good weekend to everybody,
2be
Quoting Reamasesa
{quote} I didn't say he didn't do a good job only that MM is what will keep this strategy afloat, at least, from my observations. And yes, as much as I can, I did test it, we are all here to learn from one another and yes, make profits, too. So if the EA is not supposed to run 24/5 it's one thing, if the SL needs tweaking, it's another, I'm adapting and learning. Thanks.
Hi Reamasesa,
What I have posted has not meant in any way to be pointing at you, I like all of us to learn and do not have time and energy to spend on negative thinking and postings.
Apologise if it felt that way!
You are absolutely right that EA has to be limited to trade at certain times and preferably when certain conditions are met, otherwise EA will over trade and waste the capital very fast.
Best wishes,
2be
Quoting dagoods
Hey krumpy. I really like your posts. You always make sense to me and that's saying something in the world of trading lol. What do you think of trying a percentage of the atr/adr as a brick size?
Thanks man Haven't looked at bricks against ATR, but could be worth looking at.

Quoting dagoods
renko is great so long as you have your direction correct. what do you use for direction?
This is what we can't condition around.. as the market is forever doing new things. So we look at what its offering. If the market is trending.. which we can see via an EMA I wait for an opportunity join the direction. In this case scout for new lows/highs depending on direction. (Current ZigZag direction on ranko helps me visually see this.)

Or lets say market has been bearish on the daily.. We are patiently waiting for some action preferably being a seller.. But the market has been pretty choppy and mostly bullish.. The market then reaches a higher then expected daily high average. Now if the market is being consistent with its trend this would be a nice time to look for sells.. so we look.. has there been any pullback attempts we can try get it on? Further confirmation will be at once the price is less then this daily high average again.

Then just some basic logic.. If(brick=red){killbuys();newsell();}
If we have picked the consistency and are seeing and a train of reds.. we have just cashed in

But be open with what we are looking for.. We can try pick bounces, reversals, pivots ect. All depends on what the market is doing now! Something we can't replicate in BT as thats predefined logic. Hope this all makes sense
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