Lets Automate a Simple Renko Strategy! | Page 34 | Forex Factory

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Lets Automate a Simple Renko Strategy!

  • #661
  • Mar 31, 2015 10:08pm Mar 31, 2015 10:08pm
heed this thread and trying to understand how to implement it..
MAKE SURE you still can TRADE tomorrow
  • #662
  • Mar 31, 2015 10:48pm Mar 31, 2015 10:48pm
Quoting CrazyCoder
Hello, When I opened the offline chart I have only two bars. Someone can help me please? Regards, {image}
1. You have selected 100 pip bricks...maybe you want to go with 10, like the op suggests.
2. If you want to keep 100 pip bricks, you may not have enough history to allow this to happen. Download Tickstory to help build your history. Under tools, Options, Charts, increase your max bars in history to allow you more history for M1 and 100 pip bricks.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #663
  • Mar 31, 2015 10:57pm Mar 31, 2015 10:57pm
Quoting CrazyCoder
Hello, When I opened the offline chart I have only two bars. Someone can help me please? Regards, {image}
You selected 100 pips bricks. In case you don't have a lot of history data, what you see is just normal. Try 5 or 10 pips bricks and update your Renko Builder. Go back 1 page in this thread and install accordingly to the instructions I am working on.
  • #664
  • Apr 1, 2015 1:24am Apr 1, 2015 1:24am
Quoting MathTrader7
{quote} This huge difference is strange! I'll put Steve EA on forward test.
now i know why there is such a difference. in steve`s code, he uses Open[0] and Open[1] for entry and exit, but Open[0] is repaiting untill the bar is closed
so using already formed renko chart to backtest it is not reliable. i believe mathtrader`s result is correct, we can see it in forward test as well.
thanks to him.
patience is a virtue
  • #665
  • Apr 1, 2015 1:28am Apr 1, 2015 1:28am
Quoting jaguar1637
{quote} Joshua , we got only from MathTrader7 an .ex4 file, not the MQ4L code so, I put the MathTrader7RebkoEA on a live account (MT4 from Go Markets) and the results are not at the rdv, as expected and show in the backtests This happened very often for quite all EAs. There got a different behavior once running up on a live account. there is a difference between knowing the path and walking on the path (Morpheus to Neo => Matrix) {file}
Hey Jaguar. I have gotten great results for several, but when i run them live, they slowly bleed the account. I was working with several renko builders, but when you look at the trades at the backtest, it shows why. At least in my case - You have an trend trade and a exit candle prints - it tends to close at the high of the red candle in an uptrend (example), rather than the low which is where it would close. - hence the unrealistic numbers.
In my humble opinion, consolidation periods/whipsaws in real market trading eat away most profits you make in the long stretches. I have tried countering this by increasing the size of the candles, but that is not an ideal solution. As many here have already suggested, a filter is needed to smooth the situation. Also, it would be interesting to integrate support/resistance zones into the mix. I dont know, I wish MTH Kiads was around to throw his 2 cents into this.
Best, Josh
  • #666
  • Apr 1, 2015 1:31am Apr 1, 2015 1:31am
Quoting verified
{quote} You selected 100 pips bricks. In case you don't have a lot of history data, what you see is just normal. Try 5 or 10 pips bricks and update your Renko Builder. Go back 1 page in this thread and install accordingly to the instructions I am working on.
Thank you very much for your answer to you and to Magix. You have both answered very quickly. :-)
Algorithm is life
  • #667
  • Edited 3:47am Apr 1, 2015 2:00am | Edited 3:47am
Quoting CrazyCoder
{quote} Thank you very much for your answer to you and to Magix. You have both answered very quickly. :-)
You are welcome. I did write the Math Trader 7 Installation & Backtesting postings, they are finished now. I get a lot from the forums and took this as a chance to give something back.
  • #668
  • Apr 1, 2015 4:26am Apr 1, 2015 4:26am
Quoting JoshuaHope
{quote} Hey Jaguar. I have gotten great results for several, but when i run them live, they slowly bleed the account. I was working with several renko builders, but when you look at the trades at the backtest, it shows why. At least in my case - You have an trend trade and a exit candle prints - it tends to close at the high of the red candle in an uptrend (example), rather than the low which is where it would close. - hence the unrealistic numbers. In my humble opinion, consolidation periods/whipsaws in real market trading eat away most profits...
Yupp, Kiads seems to be a good trader and a great developer, unfortunately he left FF a short time ago. I don't think we have a developer issue here and I think the Math Trader 7 EA exits correctly. Also, no trade is opened on "Candle[0]", so the backtesting results should be accurate based on the assumption that the method can provide continuous profits as stated in the OP. I do not know if this is given but I also have no reason to doubt it.

We will see if this can be confirmed by forward testing in a relatively short time. Personally, I am very interested why the OP rejects the use of indicators for the EA. I think, some of them could be useful to stay away from choppy markets or low volatility. But there may be a reason for this and I hope to read a statement about indicators from the OP and why he thinks they could hurt.
  • #669
  • Apr 1, 2015 5:09am Apr 1, 2015 5:09am
Quoting blueseahorse
{quote} now i know why there is such a difference. in steve`s code, he uses Open[0] and Open[1] for entry and exit, but Open[0] is repaiting untill the bar is closed so using already formed renko chart to backtest it is not reliable.
A very good observation!
Trading is the hardest way to make easy money...
  • #670
  • Apr 1, 2015 7:21am Apr 1, 2015 7:21am
Quoting sminage
{quote} Those who what backtest report with different settings. {file} {image} {image}
Hi bros,trust me,backtest is only for check your strategy,not other use,especially 25% quality backtest..Best RegardLiu
  • #671
  • Apr 1, 2015 7:50am Apr 1, 2015 7:50am
Quoting 274275025
{quote} Hi bros,trust me,backtest is only for check your strategy,not other use,especially 25% quality backtest..Best RegardLiu
Not only can I not agree with you more, I have tried to state the same thing, even to bringing this down to the absolute ridiculous in time travel to run the same sets as have been backtested.

Yet...

More people are still more interested in learning how to backtest than to work on forward testing and possible strategies.

If you want truth in results and an idea of how to make this better, it can only come from 1 thing...forward testing. To speed up this process, gain some group support.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #672
  • Apr 1, 2015 8:08am Apr 1, 2015 8:08am
Quoting Magix
{quote} Not only can I not agree with you more, I have tried to state the same thing, even to bringing this down to the absolute ridiculous in time travel to run the same sets as have been backtested. Yet... More people are still more interested in learning how to backtest than to work on forward testing and possible strategies. If you want truth in results and an idea of how to make this better, it can only come from 1 thing...forward testing. To speed up this process, gain some group support. {image}
Sorry for my bad english..
"Not only can I not agree with you more" it's agree with me? haha..

well,I was study backtest,firstly,use MT4 own history BT,the best is 90% quality,I want more,so I use other tools,the quality is 99.99%
I tested an Martingale EA,wow...1000 to more than 1000000000 only in 3 years,max DD not more than 50%..
it's 99.99% quality with high profit and low DD...May I trust it?
YES!
and then......MARGIN CALL..

I tell every bros this,hope averyone avoid too much trust BT..
only for check your strategy,if you want real,just forward test..

Best Regard

Liu
  • #673
  • Apr 1, 2015 8:17am Apr 1, 2015 8:17am
Quoting 274275025
{quote} Sorry for my bad english.. "Not only can I not agree with you more" it's agree with me? haha.. well,I was study backtest,firstly,use MT4 own history BT,the best is 90% quality,I want more,so I use other tools,the quality is 99.99% I tested an Martingale EA,wow...1000 to more than 1000000000 only in 3 years,max DD not more than 50%.. it's 99.99% quality with high profit and low DD...May I trust it? YES! and then......MARGIN CALL.. I tell every bros this,hope averyone avoid too much trust BT.. only for check your strategy,if you want...
Yes, I agree with you, 100%.

I too had fallen in to the same trap and it is easy to get blinded with making millions out of pocket change, when you see this in a backtest report...but that's not what happens.

EVER!!

Backtesting on regular charts, is poor.
Backtesting on Renko, my guess, will be even worse, because the Data fills on gaps in the direction of movement. Meaning...it will show trades that were taken at prices that weren't actually offered.

If you mouse over the button on your terminal, it says, Strategy Tester. The idea behind the strategy tester is, for those who have written code to take automated trades, to be able to verify that trades are taken and exited according to the Strategy Written.

Nothing else...
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #674
  • Apr 1, 2015 8:19am Apr 1, 2015 8:19am
Quoting Magix
{quote} Yes, I agree with you, 100%. I too had fallen in to the same trap and it is easy to get blinded with making millions out of pocket change, when you see this in a backtest report...but that's not what happens. EVER!! Backtesting on regular charts, is poor. Backtesting on Renko, my guess, will be even worse, because the Data fills on gaps in the direction of movement. Meaning...it will show trades that were taken at prices that weren't actually offered. If you mouse over the button on your terminal, it says, Strategy Tester. The idea behind...
That correct
  • #675
  • Apr 1, 2015 8:24am Apr 1, 2015 8:24am
Run the forward test with different settings and share the result .
From a group of testing we may get good settings and best time period .
And get more ideas to improve.
  • #676
  • Apr 1, 2015 8:24am Apr 1, 2015 8:24am
oh..

I have some ploblem,need bros help..

I post an strategy in #532,but seems nobody interesting,I insist on it profit strategy,profit can ate lose...
so I turn to my friend for help..but he asked me two questions..

1.why renko candle have upper/low shadow?should not fixed candle?

2.renko candle is depend on price,and have shadow,how to after one candle open one more position?
If I open buy position in 1.00000,and renko is 5,should I buystop in 1.00050?
but have shadow,maybe will touch buy stop only in one candle?
have coder bros can tell me how to fix that?

Thanks a lot

Best Regard

Liu
  • #677
  • Apr 1, 2015 8:30am Apr 1, 2015 8:30am
I don't know why i can't edit my last post...
Just want add some pictures..
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  • #678
  • Apr 1, 2015 8:31am Apr 1, 2015 8:31am
Quoting 274275025
I post an strategy in #532,but seems nobody interesting,I insist on it profit strategy,profit can ate lose
You have this backwards...the losses eat the profit.

I have this set up on another terminal and can post some screenshots of it and the equity curve after. I was going to let this run the week to see exactly how bad it actually is...that should show others to steer clear of this idea.

It looks like it cannot lose, but in actuality, tested across the board on the pairs with the greatest range, it is an account buster. Though a lot slower than some I have seen, it doesn't work.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #679
  • Apr 1, 2015 8:37am Apr 1, 2015 8:37am
Quoting 274275025
I don't know why i can't edit my last post... Just want add some pictures..
Those, "Shadows" are the wicks and are optional when setting up the Renko Builder.

Select, ShowWicks=False and those will disappear.

They are representative of how price moves in the range of the idea of renko bricks. Where we may examine movement by a solid brick, the wicks show a more true representation of price.
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #680
  • Apr 1, 2015 8:40am Apr 1, 2015 8:40am
Quoting Magix
{quote} You have this backwards...the losses eat the profit. I have this set up on another terminal and can post some screenshots of it and the equity curve after. I was going to let this run the week to see exactly how bad it actually is...that should show others to steer clear of this idea. It looks like it cannot lose, but in actuality, tested across the board on the pairs with the greatest range, it is an account buster. Though a lot slower than some I have seen, it doesn't work.

here is another strategy but same...
http://www.forexfactory.com/showthre...=282465&page=5

have some days forward testing but no more..
EA is doesn't work now,no error but not open position..

hmmmm...have some idears?
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