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Lets Automate a Simple Renko Strategy!

  • #841
  • Edited 7:34am Apr 7, 2015 7:09am | Edited 7:34am
Hi blueseahorse,

Yes, I made the EA and I'm currently forward testing. It makes money as of now but I need to work more on it to optimize the results. I think I can do.

Cheers,
V.

Edit: The picture shows an example trade in forward testing. The entry is 1 brick late because the size of the wick of the first candle in the down leg. The exit is Renko standard in this case because the trade was well beyond BE. The current buy trade opportunity is also ignored because of it's candle wick size --> too choppy for a quick scalp.
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  • #842
  • Apr 7, 2015 8:10am Apr 7, 2015 8:10am
Quoting blueseahorse
{quote} it is very close to thread, and profit can easily eaten by thread.
thread = spread ??

Anyway me too " really interested in how it performs in real market"

One question: Are there Any additional filters on entry/exit?
Siddhartha G
  • #843
  • Edited 9:08am Apr 7, 2015 8:27am | Edited 9:08am
Any additional filters ...

No, not as of now. I had filters in place and I can re-introduce them. I'm only looking for faster, not too choppy moves for scalping and good exit conditions to be able to win and minimize losses. I'm curious by myself about this approach, does not look too bad ATM .

When you change the core of a system, you must re-evaluate the downsides. When you know them, you can filter them out. Thats my way of thinking.
  • #844
  • Apr 7, 2015 9:14am Apr 7, 2015 9:14am
Quoting verified
Any additional filters ... No, not as of now.
Thx for reply.
Siddhartha G
  • #845
  • Apr 7, 2015 9:21am Apr 7, 2015 9:21am
Quoting Isingh
{quote} Thx for reply.
You are welcome. Take a look at the 1 Minute Chart EURUSD, most recent 5 hours.

I'd call this undecided, at least. Bandwith 30 pips. Nothing a trader wants to trade. The EA made some pips and will do better with improved code.
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  • #846
  • Apr 7, 2015 9:44am Apr 7, 2015 9:44am
Quoting Isingh
{quote} thread = spread ?? Anyway me too " really interested in how it performs in real market" One question: Are there Any additional filters on entry/exit?
right, spread, sorry for the mistake
patience is a virtue
  • #847
  • Apr 7, 2015 10:42am Apr 7, 2015 10:42am
Quoting verified
The EA made some pips and will do better with improved code.
Did it?

Did it Really?

Let's say that you took a fresh account start to have some actual statistical data to provide by end of week, clean and pure.

The account balance in this shows as $724...

So, keeping math on the simple side of things, most logical folk would have started an EA at a $500 or $1000 account. As we have seen from your previous posts, you are anything but logical...but...lemme go out on a limb here.

If you started at $500 and it had earned it's way up to $724, that is almost 50% gains, you would be throwing around an equity curve and stomping your feet at the magnitude of your greatness. But you aren't, you are looking at "Improving the Code"...

So, I am gunna guess that you actually started at an even $1000 and your magical EA has been consuming the equity in your account...you may win a trade based on your EA and Backtest Stats, but you are, more so confirming my analysis that based on your historical data...you will never see a day above water and that your logic is only going to make brokers happy if ever ran live.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #848
  • Apr 7, 2015 10:55am Apr 7, 2015 10:55am
WB verified. Wishing you good luck for your EA.

Have anyone noticed that if you change the time frame (mostly M1) of the Renko Generator chart after generating, the Renko chart changes too. I saw this atleast in two generators.

I am more interested to change the shadedRenko which just paints the Renko in the current time frame, so you have the generator and the Renko in the same chart. So if we convert this shadedRenko indicator into a TradingEA, we have a easily back testeable EA.

i need help from some MQL coding expert on that. I can code little bit but Renko coding is too much for me. Anyone there to help.

Quoting verified
Hi blueseahorse, Yes, I made the EA and I'm currently forward testing. It makes money as of now but I need to work more on it to optimize the results. I think I can do. Cheers, V. Edit: The picture shows an example trade in forward testing. The entry is 1 brick late because the size of the wick of the first candle in the down leg. The exit is Renko standard in this case because the trade was well beyond BE. The current buy trade opportunity is also ignored because of it's candle wick size --> too choppy for a quick scalp. {image}
  • #849
  • Edited 11:31am Apr 7, 2015 11:17am | Edited 11:31am
@all: please ignore the balance of this account. I do EVERY KIND OF TESTING with this account during development. it would be wrong if you conclude anything based on this account balance. I need an account like this for testing orders, order changes, order close, weird ideas , etc. e.g. if i need to test slippage settings for orders I set the brick size to 1, just to don't need to wait a longer time for the next entry. with brick size 1 the EA will not make profit and the exits will not work properly .but i know what the EA does. in case it will be profitable, i'll hand out copies ( binaries ) for everyone to test. The EA will expire after some period of time to keep control about the distribution. it's too early now for public testing. i'm sure you can understand, thank you.
  • #850
  • Apr 7, 2015 1:04pm Apr 7, 2015 1:04pm
Why its not trading?
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  • #851
  • Apr 7, 2015 1:05pm Apr 7, 2015 1:05pm
Hi Math, today I did test with your last version 2.9 and yours settings, on ten pairs. Today it wasn't profitable. But testing one day is nothing.;-)
  • #852
  • Edited 1:28pm Apr 7, 2015 1:10pm | Edited 1:28pm
Quoting Mrdj
Why its not trading? {image}

You use a wrong version of the Renko Bricks Generator EA - a trading one. Try the attched please and make sure you uncheck the Checkbox "Offline Chart" in M2 Chart properties ( where you run the Math Trader EA ).
Attached File(s)
File Type: mq4 EA_RMLiveCharts_v5_01.mq4   31 KB | 627 downloads
  • #853
  • Apr 7, 2015 1:41pm Apr 7, 2015 1:41pm
Quoting verified
{quote} You use a wrong version of the Renko Bricks Generator EA - a trading one. Try the attched please and make sure you unckeck the Checkbox "Offline Chart" in M2 Chart properties ( where you run the Math Trader EA ). {file}
Ok Thx. So I started trading from red renco candle. EA didnt put short position. Why? It wait for candle up and then after two down will be short? I read all thread but this is problem and different versions appeared...:/
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If it works, I will test it on Markets com live account from tomorrow.
Can I trade 12 pairs at once, yes?
  • #854
  • Apr 7, 2015 2:07pm Apr 7, 2015 2:07pm
This is the Math Trader 7 EA. I don't know too much about it. You can set up the EA in EA -> Input tab and find a lot of info in this thread. 12 pairs ? No idea ... even if you have a fast PC, MetaTrader 4 can significantly slow down.

GL and post the results, please !
  • #855
  • Apr 7, 2015 2:09pm Apr 7, 2015 2:09pm
Quoting verified
@all: please ignore the balance of this account. I do EVERY KIND OF TESTING with this account during development. it would be wrong if you conclude anything based on this account balance. I need an account like this for testing orders, order changes, order close, weird ideas , etc. e.g. if i need to test slippage settings for orders I set the brick size to 1, just to don't need to wait a longer time for the next entry. with brick size 1 the EA will not make profit and the exits will not work properly .but i know what the EA does. in case it will...
Please see HERE.

You will find a list of brokers that will allow you unlimited demo accounts for testing purposes.

Additionally, with the use of the Custom Analysis button on the Free account you can create at Myfxbook, you can actually show us the live performance by way of either the name, pair, date traded, magic number...

But really, we aren't going to see that are we?

Your EA, as was predicted, is losing funds and trades as I explained, based on your Backtesting, right?

Why not just man up, admit you were wrong and start actually learning from those of us kind enough to lend some time here? Or, are you just too caught up in your own ego to admit defeat and come round?

Let it go man.

The harder you fight, the longer it will take you to get on track. And really dude, while you are lost, it isn't fair for you to try and bring others along for the ride.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #856
  • Apr 7, 2015 2:12pm Apr 7, 2015 2:12pm
What happened with renko_hunter ? IIRC it uses RSI & CCI in the latest version. Anyone is using it ? What are the results of Math Trader 7 EA from the OP ?
  • #857
  • Apr 7, 2015 2:40pm Apr 7, 2015 2:40pm
No trade... Math help me
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  • #858
  • Apr 7, 2015 2:43pm Apr 7, 2015 2:43pm
Hi Magix, your Renko Basket is looking good with a nice low DD. Will you be releasing it for testing on your Website? Would be great to forward test it.
  • #859
  • Apr 7, 2015 2:43pm Apr 7, 2015 2:43pm
Quoting Mrdj
No trade... Math help me {image} {image}{image}{image}
Please make sure that you let the platform trade automatically:
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You also need to uncheck Offline chart option:
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Trading is the hardest way to make easy money...
  • #860
  • Apr 7, 2015 2:54pm Apr 7, 2015 2:54pm
Quoting MathTrader7
{quote} Please make sure that you let the platform trade automatically: {image} You also need to uncheck Offline chart option: {image}
Oh sorry polish language on screens, but I had Autotrading on and I also unchecked Chart Offline
Attached Image


I will try something tomorrow after work...
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