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Lets Automate a Simple Renko Strategy!

  • #561
  • Mar 30, 2015 11:00am Mar 30, 2015 11:00am
Quoting MathTrader7
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:{image} Note: Time filtering won't be checked in back testing.

I have to say even to you mathtrader thank you for your job and thank you all people here for your nice work!
nesta
  • #562
  • Mar 30, 2015 11:02am Mar 30, 2015 11:02am
Quoting MathTrader7
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:{image} Note: Time filtering won't be checked in back testing.
I just experienced "error code 134" on my MT4 (from ThinkForex) w/ this MathTrader7 rel 2.42 EA (not enough money)

hey, you can use the piece of code I have provided in my release , it will help you to build a solid MM
(I can help you to do it)
  • #563
  • Mar 30, 2015 11:32am Mar 30, 2015 11:32am
Quoting jaguar1637
{quote} I just experienced "error code 134" on my MT4 (from ThinkForex) w/ this MathTrader7 rel 2.42 EA (not enough money) hey, you can use the piece of code I have provided in my release , it will help you to build a solid MM (I can help you to do it)
Thanks for your help. I know how to implement MM. The thing is that, according to the strategy the stoploss is approximately fixed, so the lot size can be left fixed in order to risk an approximately fixed money per trade. Nonetheless, I will implement a MM in the next version of the EA.
Trading is the hardest way to make easy money...
  • #564
  • Edited 12:10pm Mar 30, 2015 11:39am | Edited 12:10pm
Quoting blueseahorse
{quote} 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
how do u setup this ea? on renko offline chart ? what do u mean with eu 5 pips ?
hmm waiting for first tick ... nothing happens.
  • #565
  • Edited 3:36pm Mar 30, 2015 11:44am | Edited 3:36pm
Here is my back test for renko hunter v1.1:
Attached Image (click to enlarge)
Click to Enlarge Name: renko_hunter_V11.png Size: 201 KB


Note: I am back testing the EAs just because it is not easy nor straghitforward for everybody to back test Renko EAs. I will choose the best EA regardless of who has written it, I just want to make profit!
Trading is the hardest way to make easy money...
  • #566
  • Mar 30, 2015 12:11pm Mar 30, 2015 12:11pm
Quoting MathTrader7
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:{image} Note: Time filtering won't be checked in back testing.
Exceptional performance and low DD.
  • #567
  • Mar 30, 2015 12:13pm Mar 30, 2015 12:13pm
Quoting MathTrader7
Here is my back test for Renko pure candle auto-trading EA by Steve Hopwood: {image}
That definitely sucks pretty bad.
  • #568
  • Mar 30, 2015 12:14pm Mar 30, 2015 12:14pm
Quoting tikku
{quote} could u please backtest again with the given settings from blueseahorse ?
Sure! give me the input settings, and I will back test the EA again.
Trading is the hardest way to make easy money...
  • #569
  • Mar 30, 2015 12:18pm Mar 30, 2015 12:18pm
Quoting MathTrader7
I will choose the best EA regardless of who has written it, I want to make profit!
If your looking to make the best profit you don't want to run an EA 24/5.

This is simply trade management, removing physical emotion from having to place the trades yourself. That with an understanding of what the current market is doing is going to make you profit. Some work is required to be a trader, you can't just have a script.
  • #570
  • Mar 30, 2015 12:23pm Mar 30, 2015 12:23pm
Quoting MathTrader7
{quote} Sure! give me the input settings, and I will back test the EA again.
Lot=0.2; StopLoss=0; TakeProfit=0; MagicNumber=36204; TradeComment="RPCT"; BarCount=10; RenkoBoxSize=10; CriminalIsECN=false; mis="----Odds and ends----"; DisplayGapSize=5;

thanks!
  • #571
  • Mar 30, 2015 12:28pm Mar 30, 2015 12:28pm
Quoting MathTrader7
Here is my back test for renko hunter v1.1: {image} Note: I am back testing the EAs just because it is not easy nor straghitforward for everybody to back test Renko EAs. I will choose the best EA regardless of who has written it, I want to make profit!
Thanks for the hard work
  • #572
  • Mar 30, 2015 12:38pm Mar 30, 2015 12:38pm
Quoting verified
My question is, what is the definition of a fast building Renko brick ? 1 second / pip, 30 seconds / pip ? I don't know what time is considered to be fast.
Depending on your brick size, I mainly look at 5pip bricks as I'm working with spread around 1pip.. I found bricks < 5 minutes usually have momentum.

As shown below. (values indicate minutes to form bars)
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-03-27 at 8.43.16 pm.png Size: 42 KB
  • #573
  • Mar 30, 2015 1:58pm Mar 30, 2015 1:58pm
Quoting krumpy
{quote} Depending on your brick size, I mainly look at 5pip bricks as I'm working with spread around 1pip.. I found bricks < 5 minutes usually have momentum. As shown below. (values indicate minutes to form bars) {image}
Hello, can you please share that indicator of minutes to form the renko bar?
  • #574
  • Mar 30, 2015 2:02pm Mar 30, 2015 2:02pm
Quoting 274275025
Hi Bros, Can according this strategy make an EA? It's big profit eat small lose.. Best Regard Liu {image} {image}
This looks interesting. I'm learning how to code but I only know how to do 1 order at a time using ordersend().

so like

if(box changed up){
open buy}
and repeat until box changed down and close all prev buy orders.

Anyone can share the code on how to open multiple buy or sell orders and close them when box changes direction?

Help is appreciated and thanks!
  • #575
  • Mar 30, 2015 2:26pm Mar 30, 2015 2:26pm
Hi gang!

I wanted to post an indicator in here that I created some time ago, but never posted. It tells you how long, in minutes, a Renko brick took to form.

Give it shot! It may or may not help.

Threshold has no bearing on the calculations. It is merely to set a maximum on the number of minutes to display. ie., if you set Threshold to 60, all Renko bricks that are 60 minutes long or greater, will show as 60 minutes in length in the histogram.
Attached File(s)
File Type: mq4 TimeBars.mq4   3 KB | 727 downloads
  • #576
  • Edited 4:13pm Mar 30, 2015 3:08pm | Edited 4:13pm
Here is Version 2.60 of the EA that implements money management.

The user has four options for money management:
1. Fixed lot size
2. Lot size calculated based on fixed money to risk per trade.
3. Lot size calculated based on percentage of your account's free margin to risk per trade.
4. Lot size calculated based on percentage of your account's balance to risk per trade.

Attached File(s)
File Type: ex4 MathTrader7_RenkoEA.ex4   137 KB | 1,480 downloads

Note: The implemented money management has not been fully tested. Please report any bug.
Trading is the hardest way to make easy money...
  • #577
  • Mar 30, 2015 3:37pm Mar 30, 2015 3:37pm
Quoting MathTrader7
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:{image} Note: Time filtering won't be checked in back testing.
MathTrader7,

thanks for all your work with this!!!
Your backtest showing the nice positive curve, is that with 10 pips renko - op's system or 5 pips?

Thank you very much!
  • #578
  • Mar 30, 2015 3:39pm Mar 30, 2015 3:39pm
Quoting Silicus
{quote} MathTrader7, thanks for all your work with this!!! Your backtest showing the nice positive curve, is that with 10 pips renko - op's system or 5 pips? Thank you very much!
You're welcome!
It is back tested with 10-pip Renko.
Trading is the hardest way to make easy money...
  • #579
  • Mar 30, 2015 3:42pm Mar 30, 2015 3:42pm
Good work on the EA thanks, looking forward to trying it out.
  • #580
  • Mar 30, 2015 7:05pm Mar 30, 2015 7:05pm
Not to be the naysayer here...

Well...okay, I am the naysayer, but fuck it, I'm good with that.

The 2 candle strategy, it's a bust. On 3x different profiting and stop loss methodologies, tested in a single day, not an exceptional day, turned into total Dogshit and ultimate loss.

Now, there were a couple of issues with my test pilots, but ultimately speaking, even with corrections made, I have the most solid fundamental idea that Mike_Hunter is just a broker feed.

Given that this is an earlier signal than just what the op has described and will allow for fewer trades, resulting in less loss...the end game is still the same.

LOSS.

The filter...

Unfiltered...

One of the issues I had with my pyramiding strategy is that the short cycle wasn't written properly, causing losses to the account by a massive load inside of a tight range. I've corrected it and will continue to test it throughout the week, but I have a sneaky suspicion that it too will be a lack luster concept on triggering and profiting...on this, to eliminate a lot of losses by loading up at the top of the ball, I have gone to the original coding of a single candle opposite for an escape.

I do like the looks of the renko charts, but the directional filtering leaves a lot to be desired, IMHO.

If anybody, testing any of the EAs throughout the week, would be so bold as to post a screen shot of a positive equity curve, a FF Trade Explorer or a myfxbook/fxblue account, I'd be willing to re-approach the idea under different criteria.

As for now...

I have serious doubts that any of the applied concepts in this thread, with exception of trading a renko chart, will offer anything other than a slow painful account death.

Now...

That being said, I have re-written a couple of my traders under different criteria that offers a different perspective and will continue my journey until I see a brighter light at the end of this tunnel.

Good Luck, All.

Great job on the traders, Math!!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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