Lets Automate a Simple Renko Strategy! | Page 32 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

I will code & automate your strategy for free 110 replies

Should I Automate My Strategy? 10 replies

WRB/MC strategy:Coder needed to semi-automate my strategy 11 replies

My Simple System (Can we automate this system?) 96 replies

How can I fully automate my strategy? 2 replies

Attachments: Lets Automate a Simple Renko Strategy!
Exit Attachments

Lets Automate a Simple Renko Strategy!

  • #621
  • Mar 31, 2015 4:24am Mar 31, 2015 4:24am
Quoting sminage
I think money management is not good for this strategy . What about others .Any forward test result. {image}
I think you must keep the same lot size for all trade and only increase it after several wining trades.
Algorithm is life
  • #622
  • Mar 31, 2015 4:35am Mar 31, 2015 4:35am
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.
  • #623
  • Mar 31, 2015 5:02am Mar 31, 2015 5:02am
Quoting krumpy
{quote} Hi Shreyash, Hope your weekend was enjoyable This thread has become abit of a mess from the OP, with feedback and constant updates from different EA's then the BT posts come in. IMO it will continue to cycle this way as the market does. I'm going to stop posting here but it was nice to add some feedback from my trading experience. Thanks to everyone who provided the EA's for people play with to assist in automating a ranko strategy. I would have loved to have shared an EA but unfortunately this whole moving this has come up for me.. My...
Hi krumpy,

I always appreciated your feedback and your input, not so good to see you leaving. Hopefully, when your house move is done and your PC will be repaired we can see you chiming in again. As for the OP and the EA's, I think it's only normal that a view pop up but Math Trader 7 made a strong statement yesterday by testing and comparing the performance of some and I think products will speak for themselves very soon, as always. Unfortunately the OP requirements are also not the most precise ones I've ever seen but I am looking forward to a great solution in near time. I just want to make profit with a robot, no other intentions.

I wish you all the best and hope to read from you again,
V.
  • #624
  • Edited 5:42am Mar 31, 2015 5:23am | Edited 5:42am
It seems that checking for the 3rd candle made some confusion for some people. Here is a picture to make it more clear:
Attached Image

So if you disable checking for Candle 3, the EA opens a position regardless of the color of the 3rd candle. I will always set the checking for the 3rd candle true. This option is in the EA just for those who would like to have some experience with that option off.
Trading is the hardest way to make easy money...
  • #625
  • Mar 31, 2015 5:28am Mar 31, 2015 5:28am
Quoting Magix
{quote} {quote} Both of these statements say the same thing. When asked if you wanted the 3rd brick taken in to consideration, you said no. The third brick, is 3 candles ago. If it was a bear, followed by 2 consecutive bulls and Close is above the moving averages, take long. If it was a bull, followed by 2 consecutive bears and Close is below the moving averages, take short. {quote} This is the check the 3rd brick, and must be set to true. The biggest issues people have with voicing their strategies is when they have no experience with code. Code...
Hey Magix!

Oh! I didnt realize that sorry!

Also due to heavy work and constant traveling for the past few days couldn't devote much time to it.

I actually thought if you set check third candle = false it will take trade on the open of 3rd candle instead of checking 3 consecutive candles and taking entry on 4th brick.

Also Math's EA will take entry even on the 4th or 5th or nth candle if price crosses above or below the EMAs since previous 3 new color bricks will be above or below the EMAs and the condition will be true according to the logic he has written.
This should not happen the entry must happen only on the open of the 3rd brick.
  • #626
  • Mar 31, 2015 5:29am Mar 31, 2015 5:29am
Quoting MathTrader7
It seems that checking for the 3rd candle made some confusion for some people. Here is a picture to make it more clear: {image} So if you disable for checking Candle 3, the EA opens a position regardless of the color of the 3rd candle. I will always set the checking for the 3rd candle true. This option is in the EA just for those who would like to experience with that option off.
Thanks for clarification. Is this the way to add trades to a Renko leg ?
  • #627
  • Mar 31, 2015 5:44am Mar 31, 2015 5:44am
Hi Shreyash, I have a question. I asked already, but it seems it has been overlooked.

The 2 MA's. I read when the price is above both EMA's ... and when the price is below both EMA's ... fine. Why not when the price is less fast EMA and fast EMA is less slow EMA ( sell ) ? Or price is greater fast EMA and fast EMA is greater slow EMA ( buy ) ? This is a method I have read about but applying it to an EA can make a huge difference compared to what you say.
  • #628
  • Mar 31, 2015 5:48am Mar 31, 2015 5:48am
Quoting shreyash
{quote} Hey Magix! Oh! I didnt realize that sorry! Also due to heavy work and constant traveling for the past few days couldn't devote much time to it. I actually thought if you set check third candle = false it will take trade on the open of 3rd candle instead of checking 3 consecutive candles and taking entry on 4th brick. Also Math's EA will take entry even on the 4th or 5th or nth candle if price crosses above or below the EMAs since previous 3 new color bricks will be above or below the EMAs and the condition will be true according to the logic...

Brick[1]=Last brick Closed.
Brick[2]=Second Last brick Closed.
Brick[3]=3rd last brick.

You have these backwards, thus the reason for your confusion.

Set the 3rd brick check to true and this will hopefully solve a lot of mystery for you. It may not take the entries you want, nor provide you with the profit you think, but if you follow the criteria of the trades, you will see this is trading according to the logic you have stated.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #629
  • Mar 31, 2015 5:49am Mar 31, 2015 5:49am
Quoting MathTrader7
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. {file} Note: The implemented money management has not been fully tested. Please report any bug.
Hey MathTrader7!

How u?

Thanks for the new EA!

I really appreciate your efforts on this thread!

I just started testing your EA...

Looking forward for some amazing results!

Thanks!!!
  • #630
  • Mar 31, 2015 5:52am Mar 31, 2015 5:52am
Quoting shreyash
The entry must happen only on the open of the 3rd brick.
Could you please annotate on the below picture what is your mind by saying "on the open of the 3rd brick"?
Attached Image (click to enlarge)
Click to Enlarge Name: query.png Size: 14 KB
Trading is the hardest way to make easy money...
  • #631
  • Mar 31, 2015 5:52am Mar 31, 2015 5:52am
Quoting verified
Hi Shreyash, I have a question. I asked already, but it seems it has been overlooked. The 2 MA's. I read when the price is above both EMA's ... and when the price is below both EMA's ... fine. Why not if price is less fast EMA and fast EMA is less slow EMA ( sell ) ? Or price is greater fast EMA and fast EMA is greater slow EMA ( buy ) ? This is a method I have read about but applying it to an EA can make a huge difference compared to what you say.
Have a look at the EA in post 6, renko_hunter.

Peter has the 2x Moving averages set up as a trend filter.

If fast is greater than slow, watch for longs.
If fast is less than slow, watch for shorts.

I believe Peter has even kept this same criteria in subsequent versions.

You have already asked...it has not been overlooked. You are tripping over your nuts trying to figure this shit out and instead of reading, you just continue to flap your trap.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #632
  • Mar 31, 2015 6:11am Mar 31, 2015 6:11am
Quoting MathTrader7
It seems that checking for the 3rd candle made some confusion for some people. Here is a picture to make it more clear: {image} So if you disable checking for Candle 3, the EA opens a position regardless of the color of the 3rd candle. I will always set the checking for the 3rd candle true. This option is in the EA just for those who would like to have some experience with that option off.
Oh!

A picture speaks a thousand words!

I got that now!

I had misunderstood it...

Thanks for the clarification!
  • #633
  • Mar 31, 2015 6:27am Mar 31, 2015 6:27am
ive setup forward test of MathTrader7 RenkoEA 2.60 with 10 pairs. settings like shown in latest backtest picture. lets see how it goes.
  • #634
  • Mar 31, 2015 7:49am Mar 31, 2015 7:49am
is peter around? i still have a problem with trades closing using renko hunter 1.1 for demo trading.
when the level lot is closed, the remain lot closed at same time.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 82 KB
patience is a virtue
  • #635
  • Mar 31, 2015 7:53am Mar 31, 2015 7:53am
Quoting MathTrader7
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. {file} Note: The implemented money management has not been fully tested. Please report any bug.
Those who what backtest report with different settings.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ema.PNG Size: 63 KB
Click to Enlarge Name: simplema.PNG Size: 63 KB
Attached File(s)
File Type: rar bkt31.rar   163 KB | 657 downloads
  • #636
  • Mar 31, 2015 8:05am Mar 31, 2015 8:05am
Quoting sminage
{quote} Those who what backtest report with different settings. {file} {image} {image}
What setting differs in these two back tests!?
Trading is the hardest way to make easy money...
  • #637
  • Mar 31, 2015 8:08am Mar 31, 2015 8:08am
Quoting MathTrader7
{quote} What setting differs in these two back tests!?
% of winning trades and profit .
ema 63.33 and simple ma 66.07
  • #638
  • Mar 31, 2015 8:25am Mar 31, 2015 8:25am
Quoting blueseahorse
is peter around? i still have a problem with trades closing using renko hunter 1.1 for demo trading. when the level lot is closed, the remain lot closed at same time. {image}
Do you run the original or the modified version? Here the original version is running without bugs (2 demo accounts, each with 8 currency pairs).
By the way I found setting BR to 10 and 10 works well. But I think we need a lot of further testing because for setting the EA values I used arbitrary values for all indicator properties.
  • #639
  • Mar 31, 2015 8:27am Mar 31, 2015 8:27am
Quoting IAmRetep
{quote} Do you run the original or the modified version? Here the original version is running without bugs (2 demo accounts, each with 8 currency pairs). By the way I found setting BR to 10 and 10 works well. But I think we need a lot of further testing because for setting the EA values I used arbitrary values for all indicator properties.
Oh sorry, not BR trailing stop.
  • #640
  • Mar 31, 2015 9:29am Mar 31, 2015 9:29am
Quoting sminage
{quote} Those who what backtest report with different settings. {file} {image} {image}
Hi, sorry for the noobs question.. but I was trying the EA with no success. My results are all declining ..

Do you mind telling me how to properly setup the EA in the first place.


Cheers.
0 traders viewing now