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Lets Automate a Simple Renko Strategy!

  • #781
  • Apr 5, 2015 6:41am Apr 5, 2015 6:41am
I enter only on support and resistance with autopivot-plotter-weekly and trend channel and with divergence.
i take another trade with hidden divergence (osma).
  • #782
  • Apr 5, 2015 6:56am Apr 5, 2015 6:56am
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  • #783
  • Apr 5, 2015 8:21am Apr 5, 2015 8:21am
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  • #784
  • Apr 5, 2015 11:43am Apr 5, 2015 11:43am
Quoting rozafx
I think i got the best setting of latest MathTrader7 EA after play around with it...but the problem is, the brick in strategy tester is different from original renko chart in using offlinetesthelper script..I means like missing brick and position of the brick... I have no idea regarding on this issues..But nevermind since it's just a backtest, at least we have an idea how to get the thing work right...?? will go live on next trading week and will see what happened on real market... stay tune guys, dont waste our time with "bugs" that give nothing...
Here attached backtest result for more detail...
Will launched for tomorrow in live market...
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  • #785
  • Apr 5, 2015 11:47am Apr 5, 2015 11:47am
Quoting rozafx
{quote} Here attached backtest result for more detail... Will launched for tomorrow in live market... {image}
Just a point, in demo/live account, if you want to disable time filtering, set start time to zero and end time to 23.
Trading is the hardest way to make easy money...
  • #786
  • Apr 5, 2015 11:51am Apr 5, 2015 11:51am
could u post a setfile for faster setup ?
  • #787
  • Apr 5, 2015 11:52am Apr 5, 2015 11:52am
Quoting MathTrader7
{quote} Just a point, in demo/live account, if you want to disable time filtering, set start time to zero and end time to 23.
Noted. Thanks MathTrader7 for reminder...
Will update my .set file..
  • #788
  • Apr 5, 2015 12:13pm Apr 5, 2015 12:13pm
Quoting blueseahorse
if magix think only forward testing is the only way to prove a strategy, please do orgnize people working on it!
I already do organize testing groups as well as taking part in other testing groups. This is an idea that I suggested a couple of weeks back, but still nothing materialized in this thread. It's not surprising, with the internet these days, people have the attention span of Gnats and lose focus quickly...thus the reason they would prefer to focus on the Strat Tester and results instead of committing to a week/month of live forward testing.

As for me doing that here...ain't gunna happen.
1. It's not my idea.
2. It's not my thread.
3. Not my code.

If the op or the author of any of the releases here, decided to run a group test, that'd be a lot more inviting than if any single member suggested the same.

TL;DR Version - not my job!

Quoting blueseahorse
backtesting may be not reliable, but it is a way to quickly test a strategy,otherwise what is the point of stragtegy tester existing in MT if the the EA is not even working on backtesting
As has been stated several times, backtesting is a Strategy Tester. When you write code, you can see exactly where trades take place visually and it will confirm the logic you have set. If this isn't working in the manner as expected, you re-work the code.

Basing performance of an EA on historical data is worthless and typically creates a dangerous situation where by people will work off of backtest data reports as an idea of future performance only to blow up their accounts or substantially reduce the size of these accounts.

As for it "May Not Be Reliable", I will restate the same thing. There has never been a single person able to show a backtest report that matches live data on any EA, based on any strategy, for any length of time, EVER.

There is no, "MAY NOT BE RELIABLE", there is only the absolute, "CANNOT BE TRUSTED".

Posting an idea by way of visual representation can lead to possible strategies worthy of future testing. When rooks like Verified download a free code, add in their spin and run a backtest, it is working on methodology that has already proven to fail. Future testing of these ideas is of no value, no matter how long and how many backtests are run.

It's worthless.

The fact that he and others may be biting on this carrot is a huge set back and a detriment to anybody that is actually interested in learning methodology and working with live funds under the idea of profitability.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #789
  • Apr 5, 2015 12:17pm Apr 5, 2015 12:17pm
Quoting tikku
could u post a setfile for faster setup ?
But on this setup, I'm using a median renko with 10 pip brick setting..
You can find necessary item in attached rar..

I have tested in few pair with same setting and have impressive result on backtest..
Attached File(s)
File Type: rar MathTrader7_RenkoEA_V.2.87.rar   111 KB | 1,144 downloads
  • #790
  • Apr 5, 2015 12:20pm Apr 5, 2015 12:20pm
cool. thx. iīll setup and forward run it from tomorrow
  • #791
  • Apr 5, 2015 4:32pm Apr 5, 2015 4:32pm
Quoting Magix
{quote} Now, let's all gather round the campfire, hold hands and sing Kumbaya! E HAW!! Exactly how do you learn from somebody whose methods are flawed and illogical? By what, learning what not to do? We've already been down this road for 3 weeks. 3 weeks of others posting backtest reports, 3 weeks of no success on the EA or strategy...what does that tell you? If you were seriously reading and had any idea of market, you too would just sit silently and agree that Verified is a Total Fucking Moron...but sadly, you too seemingly don't know your ass...
"Failure is the key to success; each mistake teaches us something." -Morihei Ueshiba

That being said, I'm sure you'd say something to the tune of "learn from others mistakes so you don't have to repeat them". Well, some people need to make those same mistakes to see for themselves. It's just the nature of humanity.
  • #792
  • Apr 5, 2015 4:34pm Apr 5, 2015 4:34pm
...And when it comes to back testing; Back testing doesn't tell you how an EA will perform in the future.

We've all read this: "Past Performance is Not Necessarily Indicative of Future Results".
  • #793
  • Apr 5, 2015 4:59pm Apr 5, 2015 4:59pm
Backtesting, what about slippage, requotes, order delays, dynamic spread widening?!
itīs all about the spread, without spread nearly every simple MA system would be profitable.
In a backtest you set a fixed spread without all things stated above.

My conclusion Backtesting for trigger entry/exit evaluation YES, for performance the best is you
forget this artificial results! Even 99% modeling...

Would suggest to Backtest every EA with 3times normal/current spread
just do it
  • #794
  • Apr 5, 2015 5:29pm Apr 5, 2015 5:29pm
If you guys want to get serious about testing, I've got a dedicated physical server. I could spin up a VM or 2 to forward test for for 3 months.

But, you need to "freeze" your code first. This way you'll get reliable results.

Just let me know.

PS. This is what I use to build Renko charts.
Attached File(s)
File Type: mq4 (E) RenkoLiveChart_v600.1.mq4   21 KB | 728 downloads
  • #795
  • Apr 5, 2015 6:11pm Apr 5, 2015 6:11pm
Quoting nondisclosure00
{quote} "Failure is the key to success; each mistake teaches us something." -Morihei Ueshiba That being said, I'm sure you'd say something to the tune of "learn from others mistakes so you don't have to repeat them". Well, some people need to make those same mistakes to see for themselves. It's just the nature of humanity.
Actually...I agree. Anything given to us is not valued the same as when we actually have a vested interest.

If you read back through this thread, or really any of my historical postings, you can see that I am all for encouraging others to find their paths. Forex ain't an easy game, but it is definitely one that can be played by several different rules. Finding the tools to ones success by whatever optics they adapt, is all good with me. Along this path to success, failure is an inevitable. Losing a trade doesn't define who you are in market, what you do in subsequent trades, can.

It's not the failure of the idea that I am frowning upon, as much as the idea of basing the future success of an EA based on a tool proven to be an outright fail.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #796
  • Apr 5, 2015 9:54pm Apr 5, 2015 9:54pm
Quoting MathTrader7
Here is Version 2.90 of the EA that checks Candle 1 (see Post 624) to be completely over the two moving averages to open a position for better filtering signals appear in ranging time of the market. The option can be enabled/disabled in the input settings (Check Candle 1 To Be Over MA?). {file}
hi Math
thanks you for your EA here.
I just wondering what is the best setting you found for version 2.90?
and how can i backtest your EA on renko chart ? if you explain it in details ill appreciated very much.
regards
fred
  • #797
  • Apr 5, 2015 9:57pm Apr 5, 2015 9:57pm
Quoting rozafx
{quote} Here attached backtest result for more detail... Will launched for tomorrow in live market... {image}
this result is besed on which version of math trader7 EA?
thanks
fred
  • #798
  • Apr 6, 2015 12:32am Apr 6, 2015 12:32am
Hello!,

What script/EA do you use to generate the Offline Chart (Renko Chart) ?

Can you share the file?

Thanks in advance.
  • #799
  • Apr 6, 2015 2:12am Apr 6, 2015 2:12am
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
  • #800
  • Apr 6, 2015 2:24am Apr 6, 2015 2:24am
Hello,
i need your help please, mathtrader7_renko ea is giving this error message on my mt4 journal. Thanks.
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