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Lets Automate a Simple Renko Strategy!

  • #581
  • Mar 30, 2015 5:48pm Mar 30, 2015 5:48pm
hi mathtrader
it seems that using 1 min history data to generate renko charts for back testing sucks.
can you share your way of backtesing, or the indicator you mentioned about
patience is a virtue
  • #582
  • Mar 30, 2015 6:25pm Mar 30, 2015 6:25pm
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 used renko bar to backtest from 1 min charts with same settings seems to get similar result:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB
patience is a virtue
  • #583
  • Mar 30, 2015 6:36pm Mar 30, 2015 6:36pm
Quoting blueseahorse
{quote} i used renko bar to backtest from 1 min charts with same settings seems to get similar result: {image}
Can you please post the set of tools you are using for backtesting and a few lines how to use them. I'd like to backtest by myself as well. Thank you !

P.S. Not that i don't trust the results, I'd like to perform more testing.

P.P.S. The results seem to be VERY good.
  • #584
  • Mar 30, 2015 6:43pm Mar 30, 2015 6:43pm
Quoting verified
{quote} Can you please post the set of tools you are using for backtesting and a few lines how to use them. I'd like to backtest by myself as well. Thank you ! P.S. Not that i don't trust the results, I'd like to perform more testing.
Great idea!!

If we can get like 2 or 3 more people with the same backtest results, we can take up a collection of money to fund a Time Travelling Machine. We will go back to the best results and be gazillionaires!!

But wait...

We will only include people that are like, ya know, in on it...right?

Too many and the time travel thing, won't work.

So...if you too can backtest and get these results, or similar...send me a PM, I will start the Gazillionaires Group!

or...

Fuck it...we simply go back to the Black Swan, and Buy CHF...Oh...and then we could run this motherfucker!!!

This is gunna be GREAT!!

High Fives, All Around!!!!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #585
  • Mar 30, 2015 6:48pm Mar 30, 2015 6:48pm
Quoting Magix
{quote} Great idea!! If we can get like 2 or 3 more people with the same backtest results, we can take up a collection of money to fund a Time Travelling Machine. We will go back to the best results and be gazillionaires!! But wait... We will only include people that are like, ya know, in on it...right? Too many and the time travel thing, won't work. So...if you too can backtest and get these results, or similar...send me a PM, I will start the Gazillionaires Group! or... Fuck it...we simply go back to the Black Swan, and Buy CHF...Oh...and then...
Magix, you seem to have at least one big problem ... I could not care less.
  • #586
  • Mar 30, 2015 6:57pm Mar 30, 2015 6:57pm
Quoting verified
{quote} Magix, you seem to have at least one big problem ... I could not care less.

Doesn't matter...because even if you had the "Travel Back In Time" idea, I said it first....

Ya know what that means?

DIBS!!

That's right...I got dibs on this one, Champ.

I got the Black Swan.
I got the time frame for Backtests.

DIBS ON IT ALL!!

Muwahahahahahahahaha
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #587
  • Mar 30, 2015 7:07pm Mar 30, 2015 7:07pm
Quoting verified
{quote} Can you please post the set of tools you are using for backtesting and a few lines how to use them. I'd like to backtest by myself as well. Thank you ! P.S. Not that i don't trust the results, I'd like to perform more testing. P.P.S. The results seem to be VERY good.
ok, here is my setup for backtesting:
1. open 1m chart, ie on EU
2. use renko bar( it is an indicator), drag it into 1m chart, follow instructions to generate renko brick chart
3. use offline test helper(script), drag it into renko chart, type "test" in server name to start it
4. restart MT4 , use 1m chart to backtest
patience is a virtue
  • #588
  • Mar 30, 2015 7:11pm Mar 30, 2015 7:11pm
Quoting blueseahorse
{quote} ok, here is my setup for backtesting: 1. open 1m chart, ie on EU 2. use renko bar( it is an indicator), drag it into 1m chart, follow instructions to generate renko brick chart 3. use offline test helper(script), drag it into renko chart, type "test" in server name to start it 4. restart MT4 , use 1m chart to backtest
Thank you very much, bluesea. I found the tools in your previous postings as well.
  • #589
  • Mar 30, 2015 7:19pm Mar 30, 2015 7:19pm
Quoting verified
{quote} Thank you very much, bluesea. I found the tools in your previous postings as well.
you are welcome.hope you can psot some back testing results as well
i still do not know why i backtest steve EA has such a huge difference than mathtrader did
may be we need tick data to generate renko to make sure its reliabilty?
patience is a virtue
  • #590
  • Mar 30, 2015 8:06pm Mar 30, 2015 8:06pm
huge diffrenece test result from mathtrader:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 65 KB
patience is a virtue
  • #591
  • Mar 30, 2015 8:48pm Mar 30, 2015 8:48pm
Performed a short backtest with v2.60, all I changed in the default settings is to check 2 candles for entry ( not 3 ) and to use 0.5 lots.

First results ( EURUSD, 01. Oct. 2014 - 15. Mar. 2015 ) are impressive and confirm the results we see in this thread. Will "downgrade" to v2.42 now and generate new test data again, to be able to provide comparable results.

@bluesea: there can be small differences between the EA's ( I tend to think in fact there are bigger ones ) that one EA is making profit and the other one does not.

Math Trader 7 makes an outstanding job here and I want to thank him for his work, his time and the quality of the EA. I hope he will further work on it and share the results with us. I will go ahead with my EA as well, but currently my priority has shifted to testing Math Traders EA and to put it on a demo account as soon as possible.
  • #592
  • Mar 30, 2015 9:26pm Mar 30, 2015 9:26pm
Forward test result of this strategy
Attached Image (click to enlarge)
Click to Enlarge Name: mtea.PNG Size: 63 KB
  • #593
  • Mar 30, 2015 10:04pm Mar 30, 2015 10:04pm
Here we go again. My own EA made about $35 yesterday on EURUSD only ( @ 0.1 lots ). Let's see what Math Trader 7's EA v2.42 can do for me today ( demo only for now and I know, no daily goals ... )
Attached Image (click to enlarge)
Click to Enlarge Name: vvv.jpg Size: 263 KB
  • #594
  • Mar 30, 2015 10:08pm Mar 30, 2015 10:08pm
Quoting nondisclosure00
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. {file}
Thanks!
  • #595
  • Mar 30, 2015 10:10pm Mar 30, 2015 10:10pm
Quoting verified
Here we go again. My own EA made about $35 yesterday on EURUSD only ( @ 0.1 lots ). Let's see what Math Trader 7's EA v2.42 can do for me today ( demo only for now and I know, no daily goals ... ) {image}
can you tell us the logic of your EA please?
thanks
patience is a virtue
  • #596
  • Edited 10:54pm Mar 30, 2015 10:22pm | Edited 10:54pm
Quoting blueseahorse
{quote} can you tell us the logic of your EA please? thanks

Up to now more or less the same logic. 2 consecutive candles buy or sell, 1 opposite color close. No TP, trailing SL. No EMA's used as a filter ATM. Brick size 5, not 10. Experimenting with momentum ( time to build a candle ), RS lines and alternate exits. Architecture: building the Renkos and trading is the same EA.

Not so easy to say with what I may end up. There is the SMA 200, there is the EMA 60, there is the daily pivot, yesterday high and yesterday low. You can see the price bounces all of the time, as well as the support / resistance levels, even on M1. I'd like to consider this in automated trading decisions but I am at the beginning of that, not more.

P.S. ... and before I seriously investigate in all those things, my basic EA must provide the same or better results than the EA of Math Trader 7. It seems to me that as of now this is not the case and to be sure I need to test.
  • #597
  • Mar 30, 2015 10:54pm Mar 30, 2015 10:54pm
Quoting verified
{quote} Up to now more or less the same logic. 2 consecutive candles buy or sell, 1 opposite color close. No TP, trailing SL. No EMA's used as a filter ATM. Brick size 5, not 10. Experimenting with momentum ( time to build a candle ), RS lines and alternate exits. Architecture: building the Renkos and trading is the same EA. Not so easy to say with what I may end up. There is the SMA 200, there is the EMA 60, there is the daily pivot, yesterday high and yesterday low. You can see the price bounces all of the time, as well as the support / resistance...
ok, good luck with your EA and looking forward to your result
patience is a virtue
  • #598
  • Mar 30, 2015 11:01pm Mar 30, 2015 11:01pm
still wondering if somebody can modify steve pure candle EA by adding SL, trailing stop options, money management, trading time selections, may be EMA filtering as well.
i believe the logic of this EA can also genearate pips
anyone please?
patience is a virtue
  • #599
  • Mar 31, 2015 1:09am Mar 31, 2015 1:09am
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}
Modify it to entry start same colour two candle exit opposite colour candle .
add option ( max no of orders ) to add positions in same direction .
Attached Image (click to enlarge)
Click to Enlarge Name: each bar.PNG Size: 84 KB
  • #600
  • Mar 31, 2015 1:50am Mar 31, 2015 1:50am
Quoting blueseahorse
hi mathtrader it seems that using 1 min history data to generate renko charts for back testing sucks. can you share your way of backtesing, or the indicator you mentioned about
I agree with you. It seems that using real ticks to create renko history and back testing makes a difference. Right now I use kind of ugly way to do that by writting a few scripts that convert data structures and file formats to obtain a Renko FXT file. I'm currently working on a script to directly generate FXT files from downloaded real ticks in CSV format. Whenever it is ready, I may share my script here.
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