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Lets Automate a Simple Renko Strategy!

  • #941
  • Apr 9, 2015 1:30pm Apr 9, 2015 1:30pm
Hello everybody, first of all, MathTrader7 thank you very much for your hard work and to all people providing tips and good knowledge as Magix, Shreyash, Isingh, etc.

I've found a problem with SL treatment from the EA. I've notice a high frequency changes in SL. In some pairs I've watch changing SL even in wrong direction for one point or two, and even I've been warned from my broker for these :

"We regret to inform you that due to the high frequency of transactions/orders requested/performed from your end your transactions have been very strenuous on our servers.
As such we kindly request that you remove the current Expert Advisor being used to perform your trades or significantly reduce the frequency of your trades."

My current configuration is:
--- Position ---
SL Type : Candle2OpenPrice
Enable move to BE : false
--- Trailing Stop ---
Trailing SL type : Every3Candle

Lookup these transaction, all are changes in SL :

2015.04.09 20:07:15.788 MathTrader7_RenkoEA-2.90 USDJPYmicro,M2: modify #43187361 buy 1.00 USDJPYmicro at 120.216 sl: 120.286 tp: 0.000 ok
2015.04.09 20:07:16.038 MathTrader7_RenkoEA-2.90 USDJPYmicro,M2: modify #43187361 buy 1.00 USDJPYmicro at 120.216 sl: 120.285 tp: 0.000 ok
2015.04.09 20:07:16.615 MathTrader7_RenkoEA-2.90 USDJPYmicro,M2: modify #43187361 buy 1.00 USDJPYmicro at 120.216 sl: 120.284 tp: 0.000 ok
2015.04.09 20:07:17.442 MathTrader7_RenkoEA-2.90 USDJPYmicro,M2: modify #43187361 buy 1.00 USDJPYmicro at 120.216 sl: 120.285 tp: 0.000 ok
2015.04.09 20:07:18.019 MathTrader7_RenkoEA-2.90 GBPUSDmicro,M2: modify #43174804 sell 1.00 GBPUSDmicro at 1.48098 sl: 1.47319 tp: 0.00000 ok
2015.04.09 20:07:18.175 MathTrader7_RenkoEA-2.90 USDJPYmicro,M2: modify #43187361 buy 1.00 USDJPYmicro at 120.216 sl: 120.284 tp: 0.000 ok
2015.04.09 20:07:18.175 MathTrader7_RenkoEA-2.90 GBPUSDmicro,M2: modify #43174804 sell 1.00 GBPUSDmicro at 1.48098 sl: 1.47322 tp: 0.00000 ok
2015.04.09 20:07:18.284 MathTrader7_RenkoEA-2.90 GBPUSDmicro,M2: modify #43174804 sell 1.00 GBPUSDmicro at 1.48098 sl: 1.47323 tp: 0.00000 ok
2015.04.09 20:07:18.409 MathTrader7_RenkoEA-2.90 GBPUSDmicro,M2: modify #43174804 sell 1.00 GBPUSDmicro at 1.48098 sl: 1.47322 tp: 0.00000 ok


I'm running the EA with 8 pairs doing a forward test but in a real account.
Any idea of what could be happens?

Today was a great day for Math EA... About a 200% gains (all with very little money) running these pairs.

Regards
Jose
  • #942
  • Apr 9, 2015 1:47pm Apr 9, 2015 1:47pm
Quoting Magix
{quote} Though this may be an illustration as to how a martingale might actually fail, there is again, no statistical evidence. Would we be basing the Martingale as Increasing Lot size with each trade higher up, or would we be looking at martingaling on each candle lower? The idea of the trader in that post was what is referred to as pyramiding. Directional Cost Averaging. Martingaling and Pyramiding are 2 completely different concepts.
Well my mistake.

NO Pyramiding - it combines BADLY with RENKO.
Siddhartha G
  • #943
  • Apr 9, 2015 1:49pm Apr 9, 2015 1:49pm
Quoting crkjl
"We regret to inform you that due to the high frequency of transactions/orders requested/performed from your end your transactions have been very strenuous on our servers. As such we kindly request that you remove the current Expert Advisor being used to perform your trades or significantly reduce the frequency of your trades."

Jose
200% gains!!

That's probably got your brokers panties more in a twist than Maths Trailstop hitting their servers.

lol

I would hazard a guess that the trailstop is a little hyper sensitive, but will have to wait for Math to chime in...

Out of curiosity, what broker?

These bastards may use this as a reason to either pull the wins from your account or refuse to pay you. In any case...for the time being, rather than give them more cause, my recommendation would be to close down the EA or test with a hard stop instead of trail. No reason to give a bucket shop a reason to scoop your earnings.

Great job though, Jose!

Thanks for the update on the trading!!!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #944
  • Apr 9, 2015 1:50pm Apr 9, 2015 1:50pm
Quoting Isingh
{quote} Well my mistake. NO Pyramiding it is.
And it sucks too...cause I really liked that idea!!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #945
  • Apr 9, 2015 1:55pm Apr 9, 2015 1:55pm
Quoting Magix
{quote} 200% gains!! That's probably got your brokers panties more in a twist than Maths Trailstop hitting their servers. lol I would hazard a guess that the trailstop is a little hyper sensitive, but will have to wait for Math to chime in... Out of curiosity, what broker? These bastards may use this as a reason to either pull the wins from your account or refuse to pay you. In any case...for the time being, rather than give them more cause, my recommendation would be to close down the EA or test with a hard stop instead of trail. No reason...
Hi Magix, my broker it's XM.
Thanks for your advise. I've stopped the EA and I'm going to try with a trail fixed points.
Regards
  • #946
  • Edited 5:25pm Apr 9, 2015 2:01pm | Edited 5:25pm
Quoting Magix
{quote} And it sucks too...cause I really liked that idea!!
May I weigh in with something that IMHO is crucial and payed too little attention in this discussion of EA-s based on Renko ?
This is a kind of pushing my own considerations.

Sizing is critical - it often decides P/L ratio.

I am a weak trader - yet make profits, because of position sizing.
Please google- Risk and Kelly criterion.
Positions should go up ve-eh-ery slowly.
I have put a shortlist of links HERE (and some explaining before).
Siddhartha G
  • #947
  • Apr 9, 2015 2:06pm Apr 9, 2015 2:06pm
Quoting crkjl
Hello everybody, first of all, MathTrader7 thank you very much for your hard work and to all people providing tips and good knowledge as Magix, Shreyash, Isingh, etc. I've found a problem with SL treatment from the EA. I've notice a high frequency changes in SL. In some pairs I've watch changing SL even in wrong direction for one point or two, and even I've been warned from my broker for these : "We regret to inform you that due to the high frequency of transactions/orders requested/performed from your end your transactions have been very strenuous...
Hello crkjl, thanks for reporting a possible bug! ;-)
I'll fix this high frequency stop loss modification in the next release.
Trading is the hardest way to make easy money...
  • #948
  • Apr 9, 2015 2:09pm Apr 9, 2015 2:09pm
Quoting crkjl
Hello everybody, first of all, MathTrader7 thank you very much for your hard work and to all people providing tips and good knowledge as Magix, Shreyash, Isingh, etc. I've found a problem with SL treatment from the EA. I've notice a high frequency changes in SL. In some pairs I've watch changing SL even in wrong direction for one point or two, and even I've been warned from my broker for these : "We regret to inform you that due to the high frequency of transactions/orders requested/performed from your end your transactions have been very strenuous...
times of moving SL are a liitle strange for me. DO you use 10pips brick? It looks you use smaller because frequency of moving SL is very fast. I am not sure that today there was so fast big move.
  • #949
  • Apr 9, 2015 2:09pm Apr 9, 2015 2:09pm
Quoting nondisclosure00
{quote} Hi Math. Do you plan to release the source code?
Hi nondisclosure00, my indicators, EAs and scripts that I post here in FF are all free but not open source.
Trading is the hardest way to make easy money...
  • #950
  • Apr 9, 2015 2:09pm Apr 9, 2015 2:09pm
Quoting Isingh
{quote} May I (admittedly "tiny" expert) weigh in with something that IMHO is crucial and payed too little attention in this discussion of EA-s based on Renko ? This is a kind of pushing my own considerations so don't "poor sulfur and ash" right away.

With exception of mentioning a Stochastic setting as applied to a regular trader, all of my EA discussion has actually been Renko Based.

You might note the name of the Basket trader from the previous post...

"Renko Basket", as it applied to Renko 10 pip brick charts.

Even my current Coin Toss is Renko Based.

There is really more than one idea that can be applied and as all of my testing is both live and forward, I do actually believe there is merit to it's value.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #951
  • Apr 9, 2015 2:12pm Apr 9, 2015 2:12pm
Quoting Mrdj
{quote} Hi, Can u show me your settings? On my 2 platforms this EA didn't work... 0 trades, but others Ea's work properly... maybe i see previous versions... not 2.90
Ok With EA_RM Charts_5_00 and MathTrader7_RenkoEA 2.87 works...

crkjl, what EA are you using to build renko chart?

200% - this is renko... where you have strong trend it's simple to get it, with 8 pairs it is simpler EU 115 pips down, GU 180 etc
  • #952
  • Apr 9, 2015 2:16pm Apr 9, 2015 2:16pm
Quoting Magix
{quote} With exception of mentioning a Stochastic setting as applied to a regular trader, all of my EA discussion has actually been Renko Based. You might note the name of the Basket trader from the previous post... "Renko Basket", as it applied to Renko 10 pip brick charts. Even my current Coin Toss is Renko Based. There is really more than one idea that can be applied and as all of my testing is both live and forward, I do actually believe there is merit to it's value.
One of the successfully solved challenges in these MUST be moderate sizing of positions. Only after sequence of events these grow.
Not robotically (pun intended) on each and every loss or win.
Siddhartha G
  • #953
  • Apr 9, 2015 2:19pm Apr 9, 2015 2:19pm
Quoting Mrdj
{quote} Ok With EA_RM Charts_5_00 and MathTrader7_RenkoEA 2.87 works... crkjl, what EA are you using to build renko chart? 200% - this is renko... where you have strong trend it's simple to get it, with 8 pairs it is simpler EU 115 pips down, GU 180 etc
It's simple with renko but during flat market, usually, you return your profit back to the market. Especially with 8 pairs.:-/
  • #954
  • Apr 9, 2015 2:37pm Apr 9, 2015 2:37pm
Quoting dafa
{quote} It's simple with renko but during flat market, usually, you return your profit back to the market. Especially with 8 pairs.:-/
So don't let EA do everything without your control


I try trade like James Nemeth on YT, but saw this topic with Renko EAs and maybe it will be usefull...
  • #955
  • Apr 9, 2015 3:16pm Apr 9, 2015 3:16pm
Quoting dafa
{quote} It's simple with renko but during flat market, usually, you return your profit back to the market. Especially with 8 pairs.:-/
Hi Mrdj, I'm using RenkoMod indicator downloaded from the first post.
I've tried with a MedianRenko but SL's are not fine with Math EA.
Regards
J
  • #956
  • Edited 4:14pm Apr 9, 2015 3:36pm | Edited 4:14pm
Here is Version 2.95 of the EA in which I changed the trailing stop algorithm to solve the problem of high frequency modification of stop loss.

Note: I have found a method based on price action that can potentially reduce the number of false signals; technical indicators are disappointing. I may release Version 3.0+ which could have a better performance.
Attached File(s)
File Type: ex4 MathTrader7_RenkoEA.ex4   143 KB | 1,043 downloads
Trading is the hardest way to make easy money...
  • #957
  • Apr 9, 2015 3:45pm Apr 9, 2015 3:45pm
sounds great, this ea is great if the oversold or overbought signals can be avoid will be excellent,
thank you math,

i don t know if what i was posting today helps for something but well just in case i wanted to share.

all ideas are welcome and commets too.
  • #958
  • Apr 9, 2015 3:46pm Apr 9, 2015 3:46pm
Quoting MathTrader7
{quote} Hi nondisclosure00, my indicators, EAs and scripts that I post here in FF are all free but not open source.
Ok. Then I'll pass.
  • #959
  • Edited 4:48pm Apr 9, 2015 4:20pm | Edited 4:48pm
Quoting MathTrader7
Here is Version 2.95 of the EA in which I changed the trailing stop algorithm to solve the problem of high frequency modification of stop loss. Note: I have found a method based on price action that can potentially reduce the number of false signals; technical indicators are disappointing. I may release Version 3.0+ which could have a better performance. {file}
MathTrader7 - a massive thanks for all your work, just about to test v2.95 if I get any promising results forward testing (optimising now) I'll post them!
  • #960
  • Apr 9, 2015 4:57pm Apr 9, 2015 4:57pm
Quoting leeb77
{quote} MathTrader7 - a massive thanks for all your work, just about to test v2.95 if I get any promising results forward testing (optimising now) I'll post them!
You're welcome! :-)
A major problem that I'm working on is how to find the best input settings for forward testing. Unfortunately, we cannot trust much to the best settings we obtain from backtesting.
Trading is the hardest way to make easy money...
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