Lets Automate a Simple Renko Strategy! | Page 35 | Forex Factory

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Lets Automate a Simple Renko Strategy!

  • #681
  • Apr 1, 2015 11:18am Apr 1, 2015 11:18am
Quoting 274275025
{quote} 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?
I am already in the process of proving that this is a failed strategy...taking more steps in this direction, not worth my efforts nor testing.

My ideas:

Trigger in trend and basket close:
http://widgets.myfxbook.com/widgets/1203916/large.jpg

And

Define OBOS and take triggers, martingaling the previous position with a defined stop and profit point.
http://widgets.myfxbook.com/widgets/1203917/large.jpg
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #682
  • Apr 1, 2015 11:26am Apr 1, 2015 11:26am
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...
Absolutely.
I have checked an ea i ran last week for results. Then i ran the same ea with 90% modeling quality, exactly the same settings to see how much off he is. In reality, profit was 150$, 5%DD. The backtest shows 65$, 14% DD. So much for backtesting. (and this is not renko).

Has anyone tried forward testing Kiads Geo-renko with either one of the EAs?

Best, Josh
  • #683
  • Apr 1, 2015 2:11pm Apr 1, 2015 2:11pm
Renko trading is trend trading. Therefore if market is shallow it is gonna make losses. To overcome this dilemma, there shall be hedging to close trades that went red in break even or 10 pip profit. The best hedging theme I ever seen is introduced by Joseph Nemeth in 4X-DAT project.

I made a post this morning but it was deleted may be because of ytube links.

Joseph takes 1.4 lot hedge position against the 1 lot that market went against.
  • #684
  • Apr 1, 2015 6:08pm Apr 1, 2015 6:08pm
Here you gain an idea of the pyramid trader I am working with.

It goes off of the 2 Candle confirmation both longs and shorts, looks like it should be making out like a bandit!

But when you check on the equity curve on this system, you can see that this just isn't so.

This is the reason that I simply don't believe that there is any value in continuing on with this idea.



Oh well...worth a shot.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pyramid.png Size: 48 KB
Click to Enlarge Name: pyramid1.png Size: 19 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #685
  • Apr 1, 2015 7:55pm Apr 1, 2015 7:55pm
Quoting Magix
Here you gain an idea of the pyramid trader I am working with. It goes off of the 2 Candle confirmation both longs and shorts, looks like it should be making out like a bandit! But when you check on the equity curve on this system, you can see that this just isn't so. This is the reason that I simply don't believe that there is any value in continuing on with this idea. Oh well...worth a shot. {image} {image}

it's really dismissed my enthusiasm...
do you have this MQL4 file,I want change something and forward test...
  • #686
  • Apr 2, 2015 3:36am Apr 2, 2015 3:36am
Here is Version 2.62 of the EA that lets the user enable/disable move-to-breakeven.
Attached File(s)
File Type: ex4 MathTrader7_RenkoEA.ex4   137 KB | 986 downloads
Trading is the hardest way to make easy money...
  • #687
  • Apr 2, 2015 4:38am Apr 2, 2015 4:38am
Hi MathTrader7,

I have made a backtest in the EUR/USD in the year 2014 with 99,99% quality , using http://www.az-invest.eu/how-to-properly-backtest-rangebars-medianrenko-renko-and-pointo-using-tick-data.

Do You know why the difference with your backstest?.

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: BACKTEST.png Size: 66 KB
  • #688
  • Apr 2, 2015 4:39am Apr 2, 2015 4:39am

  1. http://assets.forexfactory.net/nfs/c...ar380581_1.gif MathTrader7


Dear Math Trader

your EA works Great if we runs it in breaks , like first hour LONDON OPEN, first hour NO ......
I start and stop and produced good result....

give it another try like a breakout strategy

  • #689
  • Apr 2, 2015 5:04am Apr 2, 2015 5:04am
Hi Bros,

I found this today,

It's renko system but have two filter,one of them is MTF trend filter..

looks safe and profit.

can made it into EA?

PS: I change EA inside..because I feel renko mod.ex4 is more better..


Best Regard

Liu
Attached File(s)
File Type: rar RenkoMaker-Pro.rar   675 KB | 1,291 downloads
  • #690
  • Apr 2, 2015 5:08am Apr 2, 2015 5:08am
hmm ...
Attached Image (click to enlarge)
Click to Enlarge Name: hmm.jpg Size: 117 KB
  • #691
  • Apr 2, 2015 5:12am Apr 2, 2015 5:12am
Quoting 274275025
Hi Bros, I found this today, It's renko system but have two filter,one of them is MTF trend filter.. looks safe and profit. can made it into EA? PS: I change EA inside..because I feel renko mod.ex4 is more better.. Best Regard Liu {file}
do u have the source file of the EA and indicators, please?
patience is a virtue
  • #692
  • Apr 2, 2015 5:13am Apr 2, 2015 5:13am
Quoting verified
hmm ... {image}
hi verified, is this a new EA using different logic?
patience is a virtue
  • #693
  • Apr 2, 2015 5:15am Apr 2, 2015 5:15am
Quoting blueseahorse
{quote} do u have the source file of the EA and indicators, please?

I haven't MQL file..
  • #694
  • Apr 2, 2015 5:16am Apr 2, 2015 5:16am
Quoting blueseahorse
{quote} hi verified, is this a new EA using different logic?
This is my EA, backtested today. Now I need to improve the entries.
  • #695
  • Apr 2, 2015 5:38am Apr 2, 2015 5:38am
Quoting MathTrader7
Here is Version 2.62 of the EA that lets the user enable/disable move-to-breakeven. {file}
Hi Math,

only question. As here is written there is a problem during range or weak trend with renko and this EA. Could you find time for modifing EA to do more simple rules. Maybe someone will be interested too.

Open trade when fast MA cross slow MA and full body of brick is above/below fast&slow MA. Put SL, as now, above/below last Hi/Lo. Take profit could be fix or manual.
Now there are many closes in loss because of reverse brick but last Hi/Lo isn't broken.

It could work as full automated and half automated EA too. It depends on your choice of TP.

Sorry for my english. I hope you will understand what I mean.

I could make some picture with description if you will be able to do it..

Thanks
  • #696
  • Apr 2, 2015 5:49am Apr 2, 2015 5:49am
Quoting magregor
Do You know why the difference with your backstest?
No, I don't know what would be the difference between your backtest method and mine.
Trading is the hardest way to make easy money...
  • #697
  • Apr 2, 2015 5:51am Apr 2, 2015 5:51am
Very simple fast picture describing idea. If you use BE 1:1 so no loss, I think, during last week on EURJPY, as you can see. Maybe third MA as filtr of long trend direction could be helpful too. Or using slower MA with longer period. This is original 21&50.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB
  • #698
  • Apr 2, 2015 5:52am Apr 2, 2015 5:52am
Quoting MathTrader7
{quote} No, I don't know what would be the difference between your backtest and mine.

Hi Mathtrader7..

How do you think I was posted in #689,I think there have two filters,more safe to entry..


Best Regard

Liu
  • #699
  • Apr 2, 2015 5:56am Apr 2, 2015 5:56am
Quoting 274275025
{quote} Hi Mathtrader7.. How do you think I was posted in #689,I think there have two filters,more safe to entry.. Best Regard Liu
I just looked at the PDF file in the archive, and it looks promising. I may give it a try to automate it. However, I guess the example charts given in the PDF file are the best scenarios. it may not be profitable in long run....
Trading is the hardest way to make easy money...
  • #700
  • Apr 2, 2015 5:59am Apr 2, 2015 5:59am
I think we can relax a little bit on the rules of the OP, this is done and this is working. When you trade or scalp, do you wait until the price moved already 20 pips and then you enter the trade, but only when the price is beyond the MA21 & MA50 and only then, when the last opposite brick is also beyond the MA's for the first time ? Ignore the trend and indicators ? Never.

I did relax in my EA and I'm also not shy to use indicators when they can help me to find the trend and choppy zones. I did reduce the brick size and let the EA trade ( a big advantage of a robot ). I'm far away from my goal but I hope to get closer and closer by the time.
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