Disliked{quote} 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.. {file}Ignored
Lets Automate a Simple Renko Strategy!
- #804
- Apr 6, 2015 4:07am Apr 6, 2015 4:07am
- Joined Aug 2014 | Status: Trading | 2,163 Posts
Trading is the hardest way to make easy money...
- #805
- Apr 6, 2015 4:13am Apr 6, 2015 4:13am
- Joined Aug 2014 | Status: Trading | 2,163 Posts
Trading is the hardest way to make easy money...
- #806
- Apr 6, 2015 4:19am Apr 6, 2015 4:19am
- Joined Aug 2014 | Status: Trading | 2,163 Posts
Trading is the hardest way to make easy money...
- #809
- Apr 6, 2015 4:37am Apr 6, 2015 4:37am
- Joined Aug 2014 | Status: Trading | 2,163 Posts
Trading is the hardest way to make easy money...
Honestly, the most valuable function on the EA is "exit by opposite candle"..It's a key for me to control my risk and get maximum pips from renko..
The reason is, see below:
1. Enable to BE - broker can see what you are doing on your position, have you experienced price hit you BE and after that hugely run to our favor..?
2. Trailing stop - same with no.1, the broker will not let we ride our profit trade.
3. Trialing on every 3 candle - I think this one will crash your chance to get a maximum pips.
SPREAD, the only enemy will handle on all above function..So, the "exit by opposite candle" function is a Rambo to save us. Because when renko brick change to different brick, it's mean renko told you, that's a signal, to inform us the price is slow in volume..At this point, it's caution period which nobody know what happened next..
So, when used our Rambo, it's will close our position in 2 way's, close in profit (maximum) and close in loss (min cut loss).
Just my 6th sense guys..
The reason is, see below:
1. Enable to BE - broker can see what you are doing on your position, have you experienced price hit you BE and after that hugely run to our favor..?
2. Trailing stop - same with no.1, the broker will not let we ride our profit trade.
3. Trialing on every 3 candle - I think this one will crash your chance to get a maximum pips.
SPREAD, the only enemy will handle on all above function..So, the "exit by opposite candle" function is a Rambo to save us. Because when renko brick change to different brick, it's mean renko told you, that's a signal, to inform us the price is slow in volume..At this point, it's caution period which nobody know what happened next..
So, when used our Rambo, it's will close our position in 2 way's, close in profit (maximum) and close in loss (min cut loss).
Just my 6th sense guys..
- #814
- Apr 6, 2015 5:34am Apr 6, 2015 5:34am
- | Joined Nov 2013 | Status: Trader | 1,135 Posts
{quote} 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.. {file}
...
{quote} A "terrible" start with this settings
They start in the middle of the previous brick. The simplest Renko bricks usually start at the end of last brick, "back to back".
Are these specific bricks Computed from the middle ?
Thank you in advance for the answer.
Siddhartha G
- #818
- Apr 6, 2015 7:19am Apr 6, 2015 7:19am
- | Joined Nov 2013 | Status: Trader | 1,135 Posts
{quote} Yupe, 1st day with 30 pip loss on mine account for EJ..haha... Do you hear about "Rome doesn't build in one day"..?? If not, I think it's time to looking for it...LOL On backtest modelling quality only 24% +++..
