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Lets Automate a Simple Renko Strategy!

  • #541
  • Mar 30, 2015 6:51am Mar 30, 2015 6:51am
Quoting tradeforlife
{quote} Hello Verified, Would you mind sharing the .mq4 file which you have developed for this EA please? thanks,
It is not finished yet and will need a few days for having full functionality. But if you want to have a look at, NP . I do NOT recommend to trade with this EA now, however you can use it for building the Renko bricks.
Attached File(s)
File Type: mq4 EA_RMLiveCharts_v5_02.mq4   43 KB | 640 downloads
  • #542
  • Mar 30, 2015 6:53am Mar 30, 2015 6:53am
Quoting IAmRetep
Hello, Here is the latest version of renko hunter (V1.1). In order to reduce some of the problems we find using trend followers I made some additional filters available. Don't forget to annotate your modifications :-) Use something like "// modification by Source Runner 04.01.2015" in the header. Also write such an annotation after each line you change, delete or insert. So it is easier for others to find your ideas and changes. The screen shot shows the trades from market opening at Sunday until this morning (10:00 GMT). {image} {file}
great work! peter, i will try to test it
patience is a virtue
  • #543
  • Mar 30, 2015 8:48am Mar 30, 2015 8:48am
Quoting IAmRetep
Hello, Here is the latest version of renko hunter (V1.1). In order to reduce some of the problems we find using trend followers I made some additional filters available. Don't forget to annotate your modifications :-) Use something like "// modification by Source Runner 04.01.2015" in the header. Also write such an annotation after each line you change, delete or insert. So it is easier for others to find your ideas and changes. The screen shot shows the trades from market opening at Sunday until this morning (10:00 GMT). {image} {file}
for IAmRetep and good guys on this forum (other guys, go away !) , you did a good job.
I just improved a few things : MM, some loops , call of refreshRates, normalizeDouble (bidorAs,NDigits) in OrderSend
Enjoy !
Attached File(s)
File Type: mq4 Renko_Hunter_v1.1.0.mq4   64 KB | 1,115 downloads
File Type: mq4 iVAR_nmc.mq4   6 KB | 884 downloads
  • #544
  • Mar 30, 2015 8:59am Mar 30, 2015 8:59am
hi freinds
any one have tried this EA before?
i just backtest it with EU 5 pips, ends up with very promissing result
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB
Attached File(s)
File Type: mq4 Renko pure candle auto-trading EA by Steve Hopwood.mq4   9 KB | 1,288 downloads
patience is a virtue
  • #545
  • Mar 30, 2015 9:14am Mar 30, 2015 9:14am
Quoting blueseahorse
hi freinds any one have tried this EA before? i just backtest it with EU 5 pips, ends up with very promissing result {file} {image}
it seems to use the second same color renko candle to enter and exit
and may be some time waiting after renko candle closed for filtering
here is a screen shot showing some trades are not taken or closed in next same clor candle
some one who can read code can tell me about it?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 23 KB
patience is a virtue
  • #546
  • Mar 30, 2015 9:21am Mar 30, 2015 9:21am
He enters after 2 candles risen or fallen ( Open[i] >/< Open[i+1] ), so no use of the same color. New trade open = old trade close, as far as I can see in 2 minutes time.
  • #547
  • Mar 30, 2015 9:25am Mar 30, 2015 9:25am
Quoting blueseahorse
hi freinds any one have tried this EA before? i just backtest it with EU 5 pips, ends up with very promissing result {file} {image}
How exactly did you backtest a renko chart?
  • #548
  • Mar 30, 2015 9:34am Mar 30, 2015 9:34am
Quoting verified
He enters after 2 candles risen or fallen ( Open[i] >/< Open[i+1] ), so no use of the same color. New trade open = old trade close, as far as I can see in 2 minutes time.
thank you verified
patience is a virtue
  • #549
  • Mar 30, 2015 9:37am Mar 30, 2015 9:37am
Quoting blueseahorse
hi freinds any one have tried this EA before? i just backtest it with EU 5 pips, ends up with very promissing result {file} {image}
blueseahorse
Can you please share the complete report for this back test.
Looks really good.
Thank you.
  • #550
  • Mar 30, 2015 9:37am Mar 30, 2015 9:37am
Quoting verified
{quote} It is not finished yet and will need a few days for having full functionality. But if you want to have a look at, NP . I do NOT recommend to trade with this EA now, however you can use it for building the Renko bricks. {file}
thanks mate
  • #551
  • Mar 30, 2015 9:52am Mar 30, 2015 9:52am
Quoting blueseahorse
hi freinds any one have tried this EA before? i just backtest it with EU 5 pips, ends up with very promissing result {file} {image}
Hi BlueSeaHorse
Where comes from this backtest picture ??
  • #552
  • Mar 30, 2015 9:59am Mar 30, 2015 9:59am
Quoting MataNui
{quote} How exactly did you backtest a renko chart?
use offlinetesthelper can do this
patience is a virtue
  • #553
  • Mar 30, 2015 10:01am Mar 30, 2015 10:01am
Quoting Justin
{quote} blueseahorse Can you please share the complete report for this back test. Looks really good. Thank you.
ok, here you go
Attached File(s)
File Type: rar test.rar   24 KB | 657 downloads
patience is a virtue
  • #554
  • Mar 30, 2015 10:03am Mar 30, 2015 10:03am
Quoting jaguar1637
{quote} Hi BlueSeaHorse Where comes from this backtest picture ??
to use the renko bar to generate renko charts then use offline testhelper to backtest
Attached File(s)
File Type: ex4 RenkoBar.ex4   317 KB | 1,004 downloads
File Type: ex4 OfflineTestHelper.ex4   34 KB | 967 downloads
patience is a virtue
  • #555
  • Edited 10:23am Mar 30, 2015 10:04am | Edited 10:23am
The interesting thing with the basic entry strategy ( 2 consecutive candle colors for enter ) is, that it seems to be easy to make profit when you exit ( close ) manually. As soon as you use a robot for automated opposite candle color closing, losses can add up quickly. I mentioned the costly exit already in one of my previous postings and I'll keep this in mind for further EA development - FYI.
  • #556
  • Mar 30, 2015 10:05am Mar 30, 2015 10:05am
Quoting blueseahorse
hi freinds any one have tried this EA before? i just backtest it with EU 5 pips, ends up with very promissing result {file} {image}
can also some to edit the EA, add SL at last swing hi/lo ,trailing stop and trading time filter option to this please?

thanks
patience is a virtue
  • #557
  • Mar 30, 2015 10:33am Mar 30, 2015 10:33am
I managed to find a way to back test EAs on Renko charts. Here is a back test result for MathTrader7 RenkoEA 2.42 with the input settings you can see in the picture:
Attached Image (click to enlarge)
Click to Enlarge Name: MathTrader7_RenkoEA_242.png Size: 186 KB


Note: Time filtering won't be checked in back testing.
Trading is the hardest way to make easy money...
  • #558
  • Mar 30, 2015 10:41am Mar 30, 2015 10:41am
Quoting IAmRetep
Hello, Here is the latest version of renko hunter (V1.1). In order to reduce some of the problems we find using trend followers I made some additional filters available. Don't forget to annotate your modifications :-) Use something like "// modification by Source Runner 04.01.2015" in the header. Also write such an annotation after each line you change, delete or insert. So it is easier for others to find your ideas and changes. The screen shot shows the trades from market opening at Sunday until this morning (10:00 GMT). {image} {file}
Thank you very much IAmRetep for your great job!!
nesta
  • #559
  • Mar 30, 2015 10:48am Mar 30, 2015 10:48am
MathTrader7, you made this in a 7 days backtesting period ? This is impressive. Could you test 3 months, please ?
  • #560
  • Mar 30, 2015 11:00am Mar 30, 2015 11:00am
Quoting verified
MathTrader7, you made this in a 7 days backtesting period ? This is impressive. Could you test 3 months, please ?
The time period does not show the real time of the collected data. I use my own written Renko Chart Creator EA that uses the real ticks to create offline Renko charts. I just label the time of each bar to be one minute regardless of how long does it take to form. This result is for EURUSD 1 year real ticks.
Trading is the hardest way to make easy money...
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