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Lets Automate a Simple Renko Strategy!

  • #1,041
  • Apr 14, 2015 5:33am Apr 14, 2015 5:33am
I would like to test RENKO but I don't know how. Do you have some way? I have installation files for older version of MT4 but if I want to connect it to broker then there is a message about old version and it's not connected.
  • #1,042
  • Apr 14, 2015 6:05am Apr 14, 2015 6:05am
Quoting MathTrader7
Here is Version 2.99 of the EA that lets the user enable/disable additional check for the slope of the two moving averages. In this version the EA exits by opposite candle only if the position is in profit. {file}
I will like to ask how to enable to EA, since I apply on the renko chart but still didn't enter any position.
  • #1,043
  • Apr 14, 2015 6:12am Apr 14, 2015 6:12am
hi math, in the test you did were the DD was a big lower wich settings did you use.

may be if we continue changing those parameters we can find a great profit with this EA,
i am trying which one is the best way to take profits as if we use first opposite candle the EA will open another one, may be in a oversold territory
i try to move stop loss with the candles tooto keep profits like the ea do with triling stop. only i see that if we use opposite candle to close is great for keep stops really small but we can lose the big runs.

just my point of view

i will try now with this new opposite candle which only close in profits if it has. can be a good solution.

and it is great that adding the stocastich the DD has been reduced, i think we can have a good key point there

what i love is the EA cuts really fast losses

thnk you for the hard work!

if we can leave it run in good entries most of them are when they are in trend and enter around 55 or 200 ema or where the stocastich shows a sign of a divergence
  • #1,044
  • Apr 14, 2015 6:54am Apr 14, 2015 6:54am
Quoting aledipi
hi math, in the test you did were the DD was a big lower wich settings did you use. may be if we continue changing those parameters we can find a great profit with this EA, i am trying which one is the best way to take profits as if we use first opposite candle the EA will open another one, may be in a oversold territory i try to move stop loss with the candles tooto keep profits like the ea do with triling stop. only i see that if we use opposite candle to close is great for keep stops really small but we can lose the big runs. just my point of...
maybe it is something I was thinking about too. Some type of jumping SL. If price reach some target level 1:2, 1:3 or reverse candle so EA moves SL very tight to price. In some cases it could hit SL very fast (in profit) but sometime, during strong move, we can take more.
  • #1,045
  • Apr 14, 2015 6:55am Apr 14, 2015 6:55am
But on the other hand I have to say that this RENKO EA is the best I have ever seen.;-)
  • #1,046
  • Apr 14, 2015 9:31am Apr 14, 2015 9:31am
What does "Fixed Money" mean?Its set on 10.
  • #1,047
  • Apr 14, 2015 10:24am Apr 14, 2015 10:24am
Today amazing profit. My portfolio with Math EA: EURUSD,GBPUSD,USDJPY,EURJPY,AUDUSD,USDCAD,EURGBP,DAX30,GOLD

On GOLD I have 50pips brick, on DAX30 100pips brick. Pairs standard 10pips.
  • #1,048
  • Apr 14, 2015 10:37am Apr 14, 2015 10:37am
Quoting FriendTrend
What does "Fixed Money" mean?Its set on 10.
It means that the EA risk 10 USD (if your account currency is in USD) per trade (i.e., if the stop loss of the trade hit, you will roughly lose 10 USD).
Trading is the hardest way to make easy money...
  • #1,049
  • Apr 14, 2015 10:37am Apr 14, 2015 10:37am
Quoting dafa
Today amazing profit. My portfolio with Math EA: EURUSD,GBPUSD,USDJPY,EURJPY,AUDUSD,USDCAD,EURGBP,DAX30,GOLD On GOLD I have 50pips brick, on DAX30 100pips brick. Pairs standard 10pips.
Nice portfolio! Demo or live?
Trading is the hardest way to make easy money...
  • #1,050
  • Apr 14, 2015 10:39am Apr 14, 2015 10:39am
Quoting dafa
Today amazing profit. My portfolio with Math EA: EURUSD,GBPUSD,USDJPY,EURJPY,AUDUSD,USDCAD,EURGBP,DAX30,GOLD On GOLD I have 50pips brick, on DAX30 100pips brick. Pairs standard 10pips.
Hi
Can you please share your setting and which version of EA you got result from?
Regards
Fred
  • #1,051
  • Apr 14, 2015 10:59am Apr 14, 2015 10:59am
Quoting MathTrader7
{quote} Nice portfolio! Demo or live?
Demo for now but next week I would like to go to real..

What do you think about jumping SL we wrote about today? Could it be helpful?
  • #1,052
  • Apr 14, 2015 10:59am Apr 14, 2015 10:59am
Quoting dafa
Today amazing profit. My portfolio with Math EA: EURUSD,GBPUSD,USDJPY,EURJPY,AUDUSD,USDCAD,EURGBP,DAX30,GOLD On GOLD I have 50pips brick, on DAX30 100pips brick. Pairs standard 10pips.
Sorry,but when you say that you use 10 pips on standard pairs,do you then set 100 in the renkobuilder?
  • #1,053
  • Apr 14, 2015 11:01am Apr 14, 2015 11:01am
Quoting fredgold3434
{quote} Hi Can you please share your setting and which version of EA you got result from? Regards Fred
Today morning it was version 2.98, from lunch time it is 2.99. Last Math version.

for pairs I have this settings:
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  • #1,054
  • Apr 14, 2015 11:30am Apr 14, 2015 11:30am
Quoting MathTrader7
{quote} Hi rajastar, here are my thoughts: Good point, as I agreed before... I see your point, but I do not agree with you because you need to think algorithmically for a strategy developed for an EA. In this case, two MAs have been already crossed! Just go back from the point you think the EA must check the cross, and you will find out that cross happened a few candles ago... But I have a solution for this problem you observed: I will check the slope of two MAs to agree with the position direction. This is trivial to implement, and it may improve...
hi hope you are fine i will test the new version 2.99 with the exit on opposite position only when in profit , but i was trying to tell you about emas you get me wrong on that , let me tell you again trade should only open after the emas are crossed and for that simple you need to check if ema 50 is above 21 ema and market price is below then 50 and 21 ema then open only sell trade and vicevarsa wise for buy , but that is not a problem i found a new bug or what we can say it trades are opened today and my traling stop type was active to 3candle when trade is in profit of it moved the sl above three candles but when market can back the traling stop is also reversed back and now still the trade is open and is modified again and again what could be this problem it is really strange.... kindly see the pic Attachment
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  • #1,055
  • Apr 14, 2015 11:59am Apr 14, 2015 11:59am
Quoting dafa
{quote} What do you think about jumping SL we wrote about today? Could it be helpful?
Not sure whether it improves the performance... I may give it a try, though.
Trading is the hardest way to make easy money...
  • #1,056
  • Apr 14, 2015 12:39pm Apr 14, 2015 12:39pm
Quoting rajastar
let me tell you again trade should only open after the emas are crossed and for that simple you need to check if ema 50 is above 21 ema and market price is below then 50 and 21 ema then open only sell trade and vicevarsa wise for buy...
I see your point, but this EA does not trade based on two MAs cross. There are a lot of such EAs out there that you can download and examine their performance on Renko charts...

Quoting rajastar
but that is not a problem i found a new bug or what we can say it trades are opened today and my traling stop type was active to 3candle when trade is in profit of it moved the sl above three candles but when market can back the traling stop is also reversed back and now still the trade is open and is modified again and again what could be this problem it is really strange.... kindly see the pic
Could you tell me in which version of the EA you observed such backward trailing stop?
Trading is the hardest way to make easy money...
  • #1,057
  • Apr 14, 2015 1:31pm Apr 14, 2015 1:31pm
Quoting MathTrader7
{quote} I see your point, but this EA does not trade based on two MAs cross. There are a lot of such EAs out there that you can download and examine their performance on Renko charts... {quote} Could you tell me in which version of the EA you observed such backward trailing stop?
Trailing problem for sure in 2.98
Regards
  • #1,058
  • Apr 14, 2015 1:31pm Apr 14, 2015 1:31pm
did someone tried the ema 200 and 189 or similar cross to catch the entries. , in the only momment is not as winner or better than 17 and 55 is when the trend completelly change but is hjust a small difference if you take a look. then the trend is taken in each rebound from start.

let me know what do you think

may be i am confused and i am seeiing what i want to see so please comments are welcome

last poinit i was looking how the ea and heinki ashi can work together, but only for exit points and for the big runs can work well you can add to your charts to take a look
and i am tryuing stocastic 10-2-3 to exit the trade sometimes for long runs can work

regards to all

i like more and more this EA thank yu math trader.
  • #1,059
  • Apr 14, 2015 1:46pm Apr 14, 2015 1:46pm
here is what i look to enter, is the same entry as the EA do, second candle and emas to the same side.
red entries to go down when emas are down green to go up when emas are up.
exit points i i use oposite arrow that it similar to exit with oposite candle

what do you think i hope can help
Attached Image (click to enlarge)
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  • #1,060
  • Apr 14, 2015 1:48pm Apr 14, 2015 1:48pm
Quoting cescof
{quote} Trailing problem for sure in 2.98 Regards
It must be solved in 2.99.
Trading is the hardest way to make easy money...
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