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Lets Automate a Simple Renko Strategy!

  • #701
  • Edited 6:43am Apr 2, 2015 6:00am | Edited 6:43am
Quoting dafa
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. {image}
It seems a good idea to me, however, I don't have Median Renko Chart Creator EA/Script. I may start automating this idea, though.
Trading is the hardest way to make easy money...
  • #702
  • Apr 2, 2015 6:08am Apr 2, 2015 6:08am
Quoting MathTrader7
{quote} It seems a good idea to me, however, I don't have Median Renko Chart Creator EA/Script. I may start automating this idea.
I don't know what is Median Renko Chart Creator EA/Script. :-/ I have been using attached EA for creating RENKO charts.
Attached File(s)
File Type: ex4 ! MTH RenkoLiveChart_v3.3 mod adjustable shift v01.ex4   9 KB | 861 downloads
  • #703
  • Apr 2, 2015 6:11am Apr 2, 2015 6:11am
Quoting MathTrader7
{quote} 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....
Who knows..I will strat trade with this strategy when I get “free gift” account before you finished it..
sorry for my bad english,I mean "free gift account" is give me some fund with no deposit account...

Best Regard

Liu
  • #704
  • Apr 2, 2015 8:26am Apr 2, 2015 8:26am
Quoting 274275025
{quote} Who knows..I will strat trade with this strategy when I get free gift account before you finished it.. sorry for my bad english,I mean "free gift account" is give me some fund with no deposit account... Best Regard Liu
i will demo test it as well, see what the result will be
patience is a virtue
  • #705
  • Apr 2, 2015 8:52am Apr 2, 2015 8:52am
Quoting blueseahorse
{quote} i will demo test it as well, see what the result will be
I think it's will not let us down..
MTF Filter is power filter,another filter is trend filter...

so..just try it..
  • #706
  • Apr 2, 2015 8:57am Apr 2, 2015 8:57am
Quoting dafa
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. {image}
Your Fast and Simple picture looks great.

Like All Moving Average Cross Over systems.

The unfortunate part is that you don't realize the spread or where the actual trade gets taken.

Longs - If (MAFAST[2]<MASLOW[2] && MAFAST[1]>MASLOW[1] && Close[1]>MAFAST)return (buy);
Shorts - If(MASLOW[2]>MAFAST[2] && MASLOW[1]<MAFAST[1] && Close[1]<MASLOW) return (sell);

That is what the code would have to say, to take you ideas into consideration. Here is what these trades would look like on a reverse candle close, single candle.
W=Wins
L=Losses
M=Marginal trades, on these, profits may be consumed by spread or result in a very skinny profit if any.

Only in absolute trend cycles would this stand a chance at prosperity and even at this, the weekly losses would still most likely result in very little profit if not an outright loss.

I've worked with MA crossovers on triggering, they don't work.
Attached Image (click to enlarge)
Click to Enlarge Name: Moving Averages.png Size: 48 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #707
  • Apr 2, 2015 9:23am Apr 2, 2015 9:23am
Quoting Magix
{quote} Your Fast and Simple picture looks great. Like All Moving Average Cross Over systems. The unfortunate part is that you don't realize the spread or where the actual trade gets taken. Longs - If (MAFAST[2]<MASLOW[2] && MAFAST[1]>MASLOW[1] && Close[1]>MAFAST)return (buy); Shorts - If(MASLOW[2]>MAFAST[2] && MASLOW[1]<MAFAST[1] && Close[1]<MASLOW) return (sell); That is what the code would have to say, to take you ideas into consideration. Here is what these trades would look like on a reverse candle close, single candle. W=Wins L=Losses M=Marginal...
A very good analysis! I also believe that MA crossover doesn't work in long run.
Trading is the hardest way to make easy money...
  • #708
  • Apr 2, 2015 10:35am Apr 2, 2015 10:35am
hi,

testing the EA, but i do not understand one trade. i attach it. it should be a buy, not?

regards,

csibesz
Attached Image (click to enlarge)
Click to Enlarge Name: why.jpg Size: 63 KB
  • #709
  • Apr 2, 2015 10:37am Apr 2, 2015 10:37am
Quoting csibesz
hi, testing the EA, but i do not understand one trade. i attach it. it should be a buy, not? regards, csibesz {image}
Which EA are you testing?

Hard for anybody to try and lend some perspective, without having all of the information.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #710
  • Apr 2, 2015 10:44am Apr 2, 2015 10:44am
hi,

it is mathtrader7 renkoea 2.6
  • #711
  • Apr 2, 2015 10:48am Apr 2, 2015 10:48am
Quoting csibesz
hi, it is mathtrader7 renkoea 2.6
Post the set file you are using, so that the author can analyze.

Thanks
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #712
  • Edited 11:18am Apr 2, 2015 11:01am | Edited 11:18am
I was playing with the RenkoMaker Pro indicators to decide whether start writing an EA to automate it. Here are two pictures of manual backtesting the strategy on the recent Renko chart of EURUSD:
Attached Image (click to enlarge)
Click to Enlarge Name: RenkoMaker-Pro1.png Size: 51 KB
Attached Image (click to enlarge)
Click to Enlarge Name: RenkoMaker-Pro2.png Size: 52 KB


It seems to work at first glance...
Trading is the hardest way to make easy money...
  • #713
  • Apr 2, 2015 11:05am Apr 2, 2015 11:05am
i found a problem. renko chart was generated from h4 timeframe, but the default EA settings(renkomod) are for m1 timeframe i think. my question: i am using renkomod to create the renko chart. there i can setup a timeframe, now the default 2. what should i use for h4? 240?

regards,

Csibesz
  • #714
  • Apr 2, 2015 11:26am Apr 2, 2015 11:26am
...

enko Bricks are timeless, only the Price counts.
  • #715
  • Apr 2, 2015 11:28am Apr 2, 2015 11:28am
Quoting MathTrader7
I was playing with the RenkoMaker Pro indicators to decide whether start writing an EA to automate it. Here are two pictures of manual backtesting the strategy on the recent Renko chart of EURUSD: {image}{image} It seems to work at first glance...
Hi MathTrader,

It's really seems to work at the first glance..it's should work with "Trend" currency..
I thinks maybe you lost something..in the PDF,same color should open new position,not only for cross..


cheers.

Liu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RenkoMaker-Pro2.png Size: 57 KB
Click to Enlarge Name: RenkoMaker-Pro1.png Size: 55 KB
  • #716
  • Apr 2, 2015 11:29am Apr 2, 2015 11:29am
Quoting csibesz
... enko Bricks are timeless, only the Price counts.

It's not true in MT4 world. Because that indicators are based on candles and not ticks. If it's a true renko, you will not have bricks at the first opening base on history. You will have only bricks on forward ticks.
Algorithm is life
  • #717
  • Apr 2, 2015 12:10pm Apr 2, 2015 12:10pm
Quoting MathTrader7
I was playing with the RenkoMaker Pro indicators to decide whether start writing an EA to automate it. Here are two pictures of manual backtesting the strategy on the recent Renko chart of EURUSD: {image}{image} It seems to work at first glance...
Looks interesting. I'd like to see some charts with more whipsaw, though, just to see if the losses start piling up like they do with the current EAs.
  • #718
  • Apr 2, 2015 12:40pm Apr 2, 2015 12:40pm
Quoting ChicagoRob
{quote} Looks interesting. I'd like to see some charts with more whipsaw, though, just to see if the losses start piling up like they do with the current EAs.
Me too! Here is the performance of the strategy in a more whipsaw time of the market:
Attached Image (click to enlarge)
Click to Enlarge Name: RenkoMaker-Pro3.png Size: 68 KB
Trading is the hardest way to make easy money...
  • #719
  • Apr 2, 2015 1:17pm Apr 2, 2015 1:17pm
Quoting MathTrader7
{quote} Me too! Here is the performance of the strategy in a more whipsaw time of the market: {image}
Still doesn't look too bad. Still +120 pips in the end!
  • #720
  • Apr 2, 2015 1:42pm Apr 2, 2015 1:42pm
I've tried that strategy RenkoMaker Pro and be careful because it repaints, if you reload the template some arrows disappears.
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