Lets Automate a Simple Renko Strategy! | Page 44 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

I will code & automate your strategy for free 110 replies

Should I Automate My Strategy? 10 replies

WRB/MC strategy:Coder needed to semi-automate my strategy 11 replies

My Simple System (Can we automate this system?) 96 replies

How can I fully automate my strategy? 2 replies

Attachments: Lets Automate a Simple Renko Strategy!
Exit Attachments

Lets Automate a Simple Renko Strategy!

  • #861
  • Apr 7, 2015 2:54pm Apr 7, 2015 2:54pm
Quoting spankworthy
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.
There is definitely a little market ass kickery going on in Renko Basket Town...

http://widgets.myfxbook.com/widgets/1208479/large.jpg

I've restarted this one again this week, had some issues with being on an old broker terminal/account that has been bought out, lost data and trades from last week...giving 'er another whirl this week.

This one got a little lucky in the AUD run over the last 24 hours, and it is to this that the success be attributed. Funny how the idea of a daily filter can really make all the strategy difference in the world.

Will I be releasing this one?

Really, still mucking around with it and allowing it to churn a few bucks on a couple of accounts, now...will taper off after Wednesday London and just see how the balance of the week runs for it on the demo account. There will be improvements needed to be made, but as far as simplicity is concerned, it is a 2 candle trigger. Bull candle followed by the bear, trade only south on the day. Bear candle followed by the bull, trade only north on the day.

Because it too is a martingale, there is a lot of risk, but the basketing and range of some of the pairs really help balance the load and keep it from getting serious.



Will have to wait n see...

Exciting though...huh?

Have you seen the Weighted coin toss as applied to Renko I got going on? (my current trade explorer).

It too will be something worth checking out over time.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #862
  • Apr 7, 2015 3:27pm Apr 7, 2015 3:27pm
Cheers Magix, just checked out your Weighted Coin and will be following with interest.
  • #863
  • Apr 7, 2015 5:28pm Apr 7, 2015 5:28pm
hi guys, since there are renko EA coders here i didn't want to open a new thread. i would like to ask if someone wants to automate this simple strategy.

sell if
the price is below Moving Average & Stoch cross above 80 & renko down bar

SL : 30 pips + spread for 10 pip renko bar

Break even : at stoch cross below 20

TP : depends on the pair & trend strength (80 pips for testing purposes)

Buy vice versa

Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: renko 1.png Size: 136 KB
  • #864
  • Apr 7, 2015 6:06pm Apr 7, 2015 6:06pm
Quoting arelbilger
hi guys, since there are renko EA coders here i didn't want to open a new thread. i would like to ask if someone wants to automate this simple strategy. sell if the price is below Moving Average & Stoch cross above 80 & renko down bar SL : 30 pips + spread for 10 pip renko bar Break even : at stoch cross below 20 TP : depends on the pair & trend strength (80 pips for testing purposes) Buy vice versa Thanks in advance. {image}
Arel,

3rd post and joined in November of 2014, I am going to go out on a limb and guess that you are relatively new to forex, right?

Now, I am not going to say that as a bad thing, we all found our way here at some point and were equally as green...

Point I am trying to make is that you know that the only difference from a Renko EA to an EA that runs on regular charts?

If you said no, that's kewl...

There is none.

As in, typically speaking and unless an EA specifies timeframe in it, and even on these, as long as the movement range is in keeping with the EA, it really makes no difference what EA you run, or what time frame it is run on. There is no specific type of EA that has to be coded for Renko. After the bricks are built and the EA is applied to the chart, it will trade under the same logic as was intended, but will work off of the ranges or logic specified.

Stochastics and Moving Averages, are my wheel house. Throw a MACD some CCI and perhaps the OSMA for good measure. Can this EA be written?

Oh yes, yes it can.

But you know what is even better...it probably already has been. Your idea isn't actually a lot different than a few EAs I have written, may or may not be publicly available, but the fact that you see this, I've been down this road, means that there are probably a lot of others that too have been here.

Google, Stochastic Moving Average EA. See whatcha get.

From there, see if you find something close to this logic, or, perhaps an improvement on the same thing and giver a whirl.

And don't feel sheepish, if you weren't aware of this fact...not like people are lining up to give you the answer, right? Ya know what that means? Means that they probably didn't know either.

Good luck, my friend...if you find something that is working and needs a little tweak here n there, you can open that thread, share your newly found knowledge and add to the community spirit of the Factory.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #865
  • Apr 7, 2015 7:15pm Apr 7, 2015 7:15pm
Quoting spankworthy
Cheers Magix, just checked out your Weighted Coin and will be following with interest.
Check it.

HERE
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #866
  • Apr 7, 2015 7:18pm Apr 7, 2015 7:18pm
Thanks alot Magix .

Actually i wasn't expecting that someone would write that much (time consuming). This is my 5th year beginning to forex. i was just observing, reading, listening... and blowing some micro accounts

It is easier for me to search on google and read than to ask someone. You are probably someone talkative. Not an invert like me.

As an unexperienced trader, whatever i think, im sure someone has already thought . But after searching some time i couldn't find what i was looking for. As you said, i didn't know that i can run any EA on renko charts unless it is timeframe specified. Now i see the logic behind it. The candle closes/opens

Again thanks alot for your time and for the clear information.
  • #867
  • Apr 7, 2015 8:10pm Apr 7, 2015 8:10pm
Quoting arelbilger
hi guys, since there are renko EA coders here i didn't want to open a new thread. i would like to ask if someone wants to automate this simple strategy. sell if the price is below Moving Average & Stoch cross above 80 & renko down bar SL : 30 pips + spread for 10 pip renko bar Break even : at stoch cross below 20 TP : depends on the pair & trend strength (80 pips for testing purposes) Buy vice versa Thanks in advance. {image}
hi arel
already tried stochastic, aint doing any improvement based on same entry/ exit logic.
patience is a virtue
  • #868
  • Apr 8, 2015 1:54am Apr 8, 2015 1:54am
i just wondering the creator of this thread still active?
fred
  • #869
  • Apr 8, 2015 2:54am Apr 8, 2015 2:54am
anyone noticed that we might be able to improve the exit criteria
I am trying to use HA canldes to exit the trades, anyone interested in it? here is the EA can be made out:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB
patience is a virtue
  • #870
  • Apr 8, 2015 3:08am Apr 8, 2015 3:08am
Quoting blueseahorse
{quote} hi arel already tried stochastic, aint doing any improvement based on same entry/ exit logic.
hi blueseahorse. i have something else in my mind. i hope i can connect them all
  • #871
  • Apr 8, 2015 3:23am Apr 8, 2015 3:23am
Quoting arelbilger
{quote} hi blueseahorse. i have something else in my mind. i hope i can connect them all
ok, we need forward test these ideas to see if they really work or not
the more people get involved, the better we can et feedbacks
patience is a virtue
  • #872
  • Apr 8, 2015 3:37am Apr 8, 2015 3:37am
hi i use stocastich too, with renko i have too charts renko in 5 bricks and 10 bticks emas 55 and 200. for trend and i math trader soft ea to give me entries.. i set the ea with emas 200 and 189 to try to catch the trend as soon as change. at least this way i am not going to the other side

stocastich is also giving me clear signals with renko 14-7-3 i hope this canhelp
  • #873
  • Apr 8, 2015 3:57am Apr 8, 2015 3:57am
Quoting aledipi
hi i use stocastich too, with renko i have too charts renko in 5 bricks and 10 bticks emas 55 and 200. for trend and i math trader soft ea to give me entries.. i set the ea with emas 200 and 189 to try to catch the trend as soon as change. at least this way i am not going to the other side stocastich is also giving me clear signals with renko 14-7-3 i hope this canhelp
Can you paste some picture, pls. For better understanding your style..Thanks
  • #874
  • Apr 8, 2015 4:26am Apr 8, 2015 4:26am
here it is, after the medias change to down trend, i just sell each time the sto is above 80, stops always above last turn in sto. i try to catch the trend, this pict is 5 brikcs chart. i to let the entries run a little bit and i use the ea from math trader to have an idea when to sto can turn and have a good entry.
as every strategy stops small as posible and try to let the good entries run. first stops en cero and then taking profit when ip price meet with a support or psico level... and renko shows perfect support and resistence.
Attached Image (click to enlarge)
Click to Enlarge Name: renko + ema 55 and 200 5 briks.png Size: 159 KB
  • #875
  • Apr 8, 2015 4:56am Apr 8, 2015 4:56am
Quoting aledipi
here it is, after the medias change to down trend, i just sell each time the sto is above 80, stops always above last turn in sto. i try to catch the trend, this pict is 5 brikcs chart. i to let the entries run a little bit and i use the ea from math trader to have an idea when to sto can turn and have a good entry. as every strategy stops small as posible and try to let the good entries run. first stops en cero and then taking profit when ip price meet with a support or psico level... and renko shows perfect support and resistence. {image}
I think it's a good trend strategy but I don't know if renko is important. Same system could work with normal chart as well. Do you think renko has some benefit for you? And you wrote about 10 bricks too. It's for confirmation trend or it is only another way?
  • #876
  • Apr 8, 2015 5:00am Apr 8, 2015 5:00am
renko eliminate the noise, and shows perfect support and resistence.
10 bricks is to confirm trend.

i feel better working with renko than with normal candles.
but yes you is just 2 emas and stocastich to confirm entries. and the EA that Math Trader develope shows me great entries.

i am trying to do as simple as possible.
  • #877
  • Apr 8, 2015 5:17am Apr 8, 2015 5:17am
Quoting aledipi
renko eliminate the noise, and shows perfect support and resistence. 10 bricks is to confirm trend. i feel better working with renko than with normal candles. but yes you is just 2 emas and stocastich to confirm entries. and the EA that Math Trader develope shows me great entries. i am trying to do as simple as possible.
I think this indicator isn't from Math. Math only wrote that maybe he can try to write EA for that. This indicator was posted by user 274275025..
  • #878
  • Apr 8, 2015 5:20am Apr 8, 2015 5:20am
Quoting aledipi
renko eliminate the noise, and shows perfect support and resistence. 10 bricks is to confirm trend. i feel better working with renko than with normal candles. but yes you is just 2 emas and stocastich to confirm entries. and the EA that Math Trader develope shows me great entries. i am trying to do as simple as possible.
So once again. First you look at 10bricks renko. If trend change so you switch to 5bricks renko to find entries? Is't true? Whitch EMAs do you have on 10 bricks and on 5 bricks? From picture I can't recognize 189 & 200 EMas.
  • #879
  • Apr 8, 2015 5:23am Apr 8, 2015 5:23am
the math indicator is working in the computer which give me signals, in this chart i have the Slope indicator, in renko pro is called SIGNAL....is the same.
again i use ea from Math trader with emas 200 and 189 in 5 bricks chart for signals 10 bricks for trend but i always chech with stocastich
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM2.png Size: 104 KB
  • #880
  • Apr 8, 2015 5:38am Apr 8, 2015 5:38am
189 y 200 emas are to close to add both to a chart, not necessary...
so i just use 200 ema to check main trend, i just set EA with those emas.
in charts i have 55 and 200 ema.
3 traders viewing now