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Lets Automate a Simple Renko Strategy!

  • #741
  • Apr 3, 2015 5:37am Apr 3, 2015 5:37am
Quoting MathTrader7
Here is Version 2.86 of the EA that lets the user select three types of trailing stop methods and adds another mode for stop loss: Stop loss methods: 1. FixedSL: A fixed stop loss will be used for all trades. 2. Candle2OpenPrice: The open price of Candle 2 will be set as the stop loss (plus the current spread). 2. Candle3ClosePrice: The close price of Candle 3 will be set as the stop loss (plus the current spread). 3. LastSwing: Last low/high swing of price will be set as the stop loss (plus the current spread). Trailing stop methods: 1. FixedDistance:...
Only a sujection
If we use any type of stop loss the trade exit when the reverse candle.so add an option for exit also .
1 reverse candle .
2 stop loss .
  • #742
  • Edited 8:36am Apr 3, 2015 6:16am | Edited 8:36am
Here is Version 2.87 of the EA that lets the user disable exit-by-opposite-candle.
Attached File(s)
File Type: ex4 MathTrader7_RenkoEA.ex4   143 KB | 1,221 downloads
Trading is the hardest way to make easy money...
  • #743
  • Apr 3, 2015 9:51am Apr 3, 2015 9:51am
if not close position this afternoon,it's will more profit now..
but recommend do not trade in NFP due gap,it's instant up or down...

Best Regard

Liu
  • #744
  • Apr 3, 2015 10:07am Apr 3, 2015 10:07am
Hi all trader, i'm new here...

To MathTrader7, you are awesome..!!
Really appreciate if you can add MACD and RSI as an option for signal filtering...
  • #745
  • Apr 3, 2015 10:12am Apr 3, 2015 10:12am
It works in nfp
Attached Image (click to enlarge)
Click to Enlarge Name: Capture11.PNG Size: 59 KB
  • #746
  • Apr 3, 2015 10:31am Apr 3, 2015 10:31am
Quoting MathTrader7
Here is Version 2.87 of the EA that lets the user disable exit-by-opposite-candle. {file}
  • #747
  • Apr 3, 2015 10:36am Apr 3, 2015 10:36am
From the forward test .
In normal market it makes loses but in volatile market it make profit .
Deactivate in normal hrs and activate in high volatility .
  • #748
  • Apr 3, 2015 11:09am Apr 3, 2015 11:09am
Quoting sminage
From the forward test . In normal market it makes loses but in volatile market it make profit . Deactivate in normal hrs and activate in high volatility .
Yes,Renko is work for big trend is more better..
next version can add time filter:just open in LO or NYO..
renko candle is not based with time so can make this based on broker time..

Best Regard

Liu
  • #749
  • Edited 11:45am Apr 3, 2015 11:28am | Edited 11:45am
Quoting MathTrader7
Here is Version 2.87 of the EA that lets the user disable exit-by-opposite-candle. {file}
Hi MathTrader7,

I try RenkoMaker Pro today but entry late due I checked late,manual will always miss best enrty poing except stay with computer 5X24..I have to leave office so I close all positions,if take it do NFP,will get more profit..
USD5000 demo account,I open three 0.5 positions,the max DD is -121,it's means max DD is 2.4%.
I think it's worth to make it's automate and forward test for more time,shouldn't miss best entry point..

Ignore MTF trend bar.ex4 (it's work for manual lock profit or other advance),just use RenkoMaker_Confirm.ex4 and Signal.ex4,two indicators,same color with complete bars entry,only reverse color signal.ex4 close positions.no TP SL or TSL,just let is go and see how it's works..

If forward test is good we can go live,or update it just like add time filter,only LO or NYO..

How do you think about it?

Sincerely

Liu
  • #750
  • Apr 3, 2015 11:37am Apr 3, 2015 11:37am
Quoting MathTrader7
Here is Version 2.87 of the EA that lets the user disable exit-by-opposite-candle. {file}
hi MathTrader7,

thx for your work! can i have a question pls? Can i turn off the MA filter?

regards,

Csibesz
  • #751
  • Apr 3, 2015 12:03pm Apr 3, 2015 12:03pm
Quoting 274275025
{quote} just use RenkoMaker_Confirm.ex4 and Signal.ex4,two indicators,same color with complete bars entry, How do you think about it? Sincerely Liu
Hi Liu, I checked the two indicators, RenkoMaker_Confirm and Signal. The Signal indicator is just a moving average and changes color at extremums, so it repaints one candle, that is, we have to wait for the second changed color candle to know that an extremum formed. This is one thing we need to consider first. My second observation, which is pure from programming technical point of view, is that, the RenkoMaker_Confirm indicator only uses one indicator buffer that represents cross down arrow value. In other worlds, it is not possible to read the values of this indicator using standard methods (iCustom() function). If we had the source code of this indicator, I could fix this problem. In short, I would not say that I could not automate this system, but it takes a lot of effort while at the end of the day it may turn out to be another loser or break even system. Nevertheless, I will start using the system manually for a while, and if I feel it might be profitable, I would give it a try...
Trading is the hardest way to make easy money...
  • #752
  • Apr 3, 2015 12:06pm Apr 3, 2015 12:06pm
Quoting csibesz
{quote} hi MathTrader7, thx for your work! can i have a question pls? Can i turn off the MA filter? regards, Csibesz
Hi Csibesz, up to the latest version of the EA, no, you can't! The moving average filter is the base for this strategy. Please read the first post.
Trading is the hardest way to make easy money...
  • #753
  • Apr 4, 2015 4:26am Apr 4, 2015 4:26am
hi Math Trader, i am following this topic since it began, as i am a renko chart fan
and i would like to do my small contribution.

i was and i am ussing Renko Pro, just as a guide to my entries, and i read that you want to automated it, i can say that is a great idea because it works,

Inside renko Pro the "Renko signal" is just a Slope indicator with a setting of 21. that is what makes the crosses along the chart,
aboout the Renko Confirmation is just a reading of Stocasthic indicator and a simple media of 21 exponential in the chart reading the price.
that s it. when renko brick cross ema 21 arrow appears. stocastich is just visual.

to be honest is working. it is giving to me some good entries, but i follow it a lot.

like in all trading systems ranging is the worst part and it is where repaints more, but i fixed it just closing the entry is the price is not moving.
losses are really small.

i buy and sell following the green or red arrows and just use confirmation to leave trade open when cross are red again i sell and all the time like that.
i like to stay all the time in the market in, but trend is strong i follow with moving average 55 and 200, so if price is above i just buy with greens arrows and i sell when first red crooss appears to keep my profits (like hedging) i don close the buys, if prices show me green again i enter second buy and close reds and continue like this up to the trend ends.

if this can be automated will give to us a lot of great smiles and green pips.

so... this is,
Renko signal is Slope indicator
Renko Confirmation is when renko brick cross ema 21. and the sotchatics chart (but it is just visual the stocastich chart)
you can do it with a chart and will see how is like this just adding this 2 indicators on your charts and will see how it fits

all the best in trading and let me know if i can continue helping with this.
happy easter for all!
alejandro
  • #754
  • Apr 4, 2015 8:47am Apr 4, 2015 8:47am
Respect to Contributors and Sharers of their programs and analysis.
It is inspiring to witness the cooperation here.

Something strongly connected to results is the exit, and it appears it had been neither considered nor tried out sufficiently.
The method(s) used for it in the EAs here can be improved.
Siddhartha G
  • #755
  • Edited 11:22am Apr 4, 2015 11:07am | Edited 11:22am
Hi everybody, I worked on the entries of my ART Channel EA and improved them. To be transparent, I share the current status in the PDF attached. Tomorrow I'll work on better exits.

Have a good WE !
Attached Image (click to enlarge)
Click to Enlarge Name: 11.jpg Size: 151 KB
Attached File(s)
File Type: pdf Strategy Tester ART Channel BreakOut.pdf   340 KB | 1,071 downloads
  • #756
  • Apr 4, 2015 12:02pm Apr 4, 2015 12:02pm
Quoting verified
Hi everybody, I worked on the entries of my ART Channel EA and improved them. To be transparent, I share the current status in the PDF attached. Tomorrow I'll work on better exits. Have a good WE ! {image} {image}
Nice results. There are a lot of people, including myself, who would sell their first-born for DD that low. I have serious doubts, though, that the EA will be able to duplicate those stats going forward. I'm hoping for the best.
  • #757
  • Apr 4, 2015 12:03pm Apr 4, 2015 12:03pm
Quoting verified
Hi everybody, I worked on the entries of my ART Channel EA and improved them. To be transparent, I share the current status in the PDF attached. Tomorrow I'll work on better exits. Have a good WE ! {image} {image}
Seems really good with very very little DD.. But what'is it? is your own Ea? Is it realated with this 3d ? Would shou share it?
Regards
  • #758
  • Apr 4, 2015 12:12pm Apr 4, 2015 12:12pm
Its a simple Renko strategy, thats why its posted here. I rely on SR, not on a trend using Renko. Thats the difference.

Yes, it's my own EA. The approach is to get away with the least possible DD possible. Even when the test data would not be that accurate, it will not kill your account. I may not be able to improve the entries much more, but I try to get rid off some losses by better exits. When this is done it undergoes a 2014 12 month backtest and I'll share the binaries here.
  • #759
  • Apr 4, 2015 1:25pm Apr 4, 2015 1:25pm
Quoting verified
Its a simple Renko strategy, thats why its posted here. I rely on SR, not on a trend using Renko. Thats the difference. Yes, it's my own EA. The approach is to get away with the least possible DD possible. Even when the test data would not be that accurate, it will not kill your account. I may not be able to improve the entries much more, but I try to get rid off some losses by better exits. When this is done it undergoes a 2014 12 month backtest and I'll share the binaries here.
the modelling quality on the backtest was only 25%. Would that possibly mean the live forward test won't come out the same way?
  • #760
  • Apr 4, 2015 1:35pm Apr 4, 2015 1:35pm
Edit: for the improved exits i will work with tick data, but the improved exits will not be worse compared to as they are now.

It,s always possible that an EA will not perform in forward testing. However, I only work with closed bricks so the chances are good that it will not behave totally different. The channel is not repainting. It's a different type of EA, not trying to catch the big moves. It scalps, up to 30 times a day with a very tight stop. I don't need a big move as an entry trigger and the EA is happy with a few positive pips already. Also, in backtesting we see may see weekend gaps and news releases we might not catch in forward testing. Overall I am positive it can be profitable, I put it on forward testing monday next week.
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