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Lets Automate a Simple Renko Strategy!

  • #821
  • Apr 6, 2015 11:29am Apr 6, 2015 11:29am
They are equivalent of course. Just Size is half the standard.

Also, without any mention here, goes the fact that renko is the same as one completely differently called approach ...
Siddhartha G
  • #822
  • Apr 6, 2015 12:37pm Apr 6, 2015 12:37pm
Hi MathTrader7,

Why EA open 2 entry..?? I have set a fixed lot on MM setup..
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  • #823
  • Apr 6, 2015 2:14pm Apr 6, 2015 2:14pm
Hi Math7, today i did some tests with your last version and settings and there is a something strange with opening trade. I took a picture of EURUSD but this thing is the same on all pairs. Maybe I only don't understand right place for trade. I thought that first trade is after MA cross and brick under/over both MAs. But it looks that after MA cross you wait for reverse brick and open trades only if another brick is in the right direction again but you can lost big fall before it. I am not sure if you understand my explanation..
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  • #824
  • Apr 6, 2015 2:30pm Apr 6, 2015 2:30pm
Quoting dafa
Hi Math7, today i did some tests with your last version and settings and there is a something strange with opening trade. I took a picture of EURUSD but this thing is the same on all pairs. Maybe I only don't understand right place for trade. I thought that first trade is after MA cross and brick under/over both MAs. But it looks that after MA cross you wait for reverse brick and open trades only if another brick is in the right direction again but you can lost big fall before it. I am not sure if you understand my explanation.. {image}
Please see this Post. Candle 3 is part of strategy.
Trading is the hardest way to make easy money...
  • #825
  • Apr 6, 2015 2:39pm Apr 6, 2015 2:39pm
Quoting MathTrader7
{quote} Please see this Post. Candle 3 is part of strategy.
Thanks Math, it's clear now.;-)
  • #826
  • Apr 6, 2015 2:57pm Apr 6, 2015 2:57pm
Quoting fxtrader08
{quote} the modelling quality on the backtest was only 25%. Would that possibly mean the live forward test won't come out the same way?

should not be encouraged in the quality of the model, backtest will only waste a lot of time ...
backtest only done to look at the system and has appropriate strategies such as design, or not ....
Regard, Ding Dong
  • #827
  • Apr 6, 2015 3:11pm Apr 6, 2015 3:11pm
Quoting MathTrader7
Here is the best settings I managed to get from the output of the Strategy Tester for Version 2.90. I do not know if these settings would work the same in live/demo accounts. I just put the EA on forward test on my VPS. Let's find out its performance and possible improvements. {file}
Hy ... are this set just for EUR/USD?
Thanks
Regards
  • #828
  • Apr 6, 2015 3:26pm Apr 6, 2015 3:26pm
Quoting cescof
{quote} Hy ... are this set just for EUR/USD? Thanks Regards
I used Renko bars created from EURUSD. But the input settings may work well with other pairs/assets... I don't know!
Trading is the hardest way to make easy money...
  • #829
  • Apr 6, 2015 11:26pm Apr 6, 2015 11:26pm
Quoting MathTrader7
Here is the best settings I managed to get from the output of the Strategy Tester for Version 2.90. I do not know if these settings would work the same in live/demo accounts. I just put the EA on forward test on my VPS. Let's find out its performance and possible improvements. {file}
where this set file goes to? i mean which folder in data folder set file goes to?
thanks
fred
  • #830
  • Apr 7, 2015 12:57am Apr 7, 2015 12:57am
Quoting fredgold3434
{quote} where this set file goes to? i mean which folder in data folder set file goes to? thanks fred
The best place is /presets but it's not absolutely important because you can load file to EA from anywhere.
  • #831
  • Apr 7, 2015 1:16am Apr 7, 2015 1:16am
Renko is a very interesting kind of chart. I made a renko EA and I will post an article on my blog about how I made it.
Algorithm is life
  • #832
  • Apr 7, 2015 3:36am Apr 7, 2015 3:36am
GBPTRADE
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  • #833
  • Apr 7, 2015 5:12am Apr 7, 2015 5:12am
Quoting MathTrader7
{quote} I used Renko bars created from EURUSD. But the input settings may work well with other pairs/assets... I don't know!
MathTrade7, thank you very much for your great job with this EA. It would be possible to add the option to open trade after the first candle renko?
thank you.
  • #834
  • Apr 7, 2015 5:18am Apr 7, 2015 5:18am
HI Math trader , thank you for your answer, i am testing your ema just in real time i made only one change instead of ema 21 and 55 i am ussing 189 and 200 to try to catch the complete trend and is going great.

then i am ussing stochastict 14-7-3 to have better entryes if it is in a downtredn i stop selling when the sotcastci is in 20or close to it i just try to sell only whe it is in 80 and that avoid some fake or not strong entries.

renko is great and this EA will be amazing to trade it

thank you for this great work!
  • #835
  • Apr 7, 2015 5:42am Apr 7, 2015 5:42am
Hi everyone,

I'm back. A senior member suspended me because of a picture of a batch I posted here. I found this picture on the web. It had a valid address of a company in Austria and I have no relationship to this company.

Related to the EA, I am forward testing now and apply quite some tweaks. As soon the results are good, I will post the the EA to offer verificaton from your side.

I escalated the situation before my suspension and I hope something changed.

GL and have a good day,
V.
  • #836
  • Apr 7, 2015 5:48am Apr 7, 2015 5:48am
Welcome back,verified....
  • #837
  • Apr 7, 2015 5:53am Apr 7, 2015 5:53am
Quoting verified
Hi everyone, I'm back. A senior member suspended me because of a picture of a batch I posted here. I found this picture on the web. It had a valid address of a company in Austria and I have no relationship to this company. Related to the EA, I am forward testing now and apply quite some tweaks. As soon the results are good, I will post the the EA to offer verificaton from your side. I escalated the situation before my suspension and I hope something changed. GL and have a good day, V.
Sorry Verified, want to apologize here and now for the suspension.
regards thodie
just do it
  • #838
  • Apr 7, 2015 5:58am Apr 7, 2015 5:58am
Quoting thodie
{quote} Sorry Verified, want to apologize here and now for the suspension. regards thodie
Hi thodie,

it's ok, no worries.

Have a nice day !
  • #839
  • Edited 7:02am Apr 7, 2015 6:35am | Edited 7:02am
ART Trader EA - something about the concept.

The EA is scalping and I changed the brick size from 5 to 3. This is based on various reasons but mainly on round numbers. IMHO, never enter a scalping trade at a round number, it's guaranteed that the trade will be involved in the price battle around this number.

The EA uses the classic Renko entry ( 2 consecutive bicks ... ) but takes into consideration the size of the wicks of the candles as well. The longer the wicks, the more choppy the current market situation is. It also ignores bricks who need a long time for being formed. This way it tries to catch a good entry in a faster move.

It has 3 different exits:

- the classic one ( opposite candle ), when it is well beyond BE already
- the BE, when it will be triggered because of unpleasant trade progress
- the lose exit, when the trade had never resulted in any win

It's hard to find the right balance for those exits and I am working on this. The market is just a data stream, I filter it and try to predict the next short-term move. 2.4 pips are enough for not to lose, more is better. This seems to work as of now.

EA in action
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  • #840
  • Apr 7, 2015 6:55am Apr 7, 2015 6:55am
Quoting verified
ART Trader EA - something about the concept. The EA is scalping and I changed the brick size from 5 to 3. This is based on various reasons but mainly on round numbers. IMHO, never enter a trade on a round number, it's guaranteed that the trade will be involved in the price battle around this number. The EA uses the classic Renko entry ( 2 consecutive bicks ... ) but takes into consideration the size of the wicks of the candles as well. The longer the wicks, the more choppy the current market situation is. It also ignores bricks who need a long time...
hi verified

welcome back. be aware of 3 pips brick. it is very close to thread, and profit can easily eaten by thread. have you made an EA and forward test it yet?
i am really intrested in how it performs in real market
patience is a virtue
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