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Lets Automate a Simple Renko Strategy!

  • #1,061
  • Apr 14, 2015 2:32pm Apr 14, 2015 2:32pm
HELLO GUYS
I am new to this forum
and i am interested in renko strategies and eas
did you reach any good and profitablerenko ea
please share
and thanks alot
  • #1,062
  • Apr 14, 2015 2:59pm Apr 14, 2015 2:59pm
Quoting MathTrader7
{quote} It must be solved in 2.99.
it was 2.95 the last i tested let me see in 2.99 i will info you if it does same in this version thanks
  • #1,063
  • Apr 14, 2015 3:13pm Apr 14, 2015 3:13pm
Quoting rajastar
{quote} it was 2.95 the last i tested let me see in 2.99 i will info you if it does same in this version thanks
Thanks for testing it :-)
Trading is the hardest way to make easy money...
  • #1,064
  • Apr 14, 2015 3:29pm Apr 14, 2015 3:29pm
today i was testing the ea, and i found that it was buying where the prices were oversold with the stocasticc unfortunatelly i didn t took a picture of it, if i see again i will take a pict to show it. may be it is not bad the ony thing is sometimes the stocastic is good when is in oversold teritory showing some great entries ad sometimes not, anyway the ea is working great
  • #1,065
  • Apr 14, 2015 3:36pm Apr 14, 2015 3:36pm
here is the picture, i don t know what do you think about it, may be is just an entry that wnet bad and that s all
Attached Image (click to enlarge)
Click to Enlarge Name: cad.png Size: 89 KB
  • #1,066
  • Apr 14, 2015 3:40pm Apr 14, 2015 3:40pm
Quoting aledipi
here is the picture, i don t know what do you think about it, may be is just an entry that wnet bad and that s all {image}
In the picture, the vertical red line is drawn at the second bearish candle, while the moving averages are below the candle; according to the rules of the strategy the EA must not open a sell position there. If the EA opened a BUY position, it is not at that point, but three candles later where stochastic goes below overbought...
Trading is the hardest way to make easy money...
  • #1,067
  • Apr 14, 2015 3:46pm Apr 14, 2015 3:46pm
o sorry math i drawed bad the line.. what i wanted to show is where the arrows are the ea today bought there, with emas up and 2 candles up, corrrect with startegy, and both were loses, but i guess is part of the game because the entries there are good, we cannot win in all of them, i don t know whatr do you think abut those entries best
  • #1,068
  • Apr 14, 2015 3:52pm Apr 14, 2015 3:52pm
Quoting aledipi
o sorry math i drawed bad the line.. what i wanted to show is where the arrows are the ea today bought there, with emas up and 2 candles up, corrrect with startegy, and both were loses, but i guess is part of the game because the entries there are good, we cannot win in all of them, i don t know whatr do you think abut those entries best
Look at where the arrows are and draw two vertical lines, you will find out that the Stochastic value is below overbought (level 80) zone.
At first glance, it may seem so easy to filter out bad trades, but it is not trivial. Adding stochastic, RSI, CCI, etc., won't make a system holy grail!
Trading is the hardest way to make easy money...
  • #1,069
  • Apr 14, 2015 3:53pm Apr 14, 2015 3:53pm
I can help in testign , just tell me which version and post it
because i am new on this forum
  • #1,070
  • Apr 14, 2015 3:55pm Apr 14, 2015 3:55pm
Add a 40 and 60 line to Stochastic... it can help..
  • #1,071
  • Apr 14, 2015 3:59pm Apr 14, 2015 3:59pm
yes it is truth math trading whjat you are saying, we should keep it simple and as you told me once about adding indicators, the overall now is great.

i am havving doubts with the emas to use and the way to be out of a trade.

if to go out with oposite candle in positive or with trailing, what do you think

and emas did you try 200 and 189, may be they are not good just an idea

best
  • #1,072
  • Apr 14, 2015 3:59pm Apr 14, 2015 3:59pm
Quoting Mnlop500
I can help in testign , just tell me which version and post it because i am new on this forum
Good! Please test Version 2.99 on EURUSD, GBPUSD, USDCAD, USDJPY and AUDUSD with default settings except for Stochastic overbought and oversold levels set to 60 and 40 respectively.
Trading is the hardest way to make easy money...
  • #1,073
  • Apr 14, 2015 4:01pm Apr 14, 2015 4:01pm
Quoting aledipi
yes it is truth math trading whjat you are saying, we should keep it simple and as you told me once about adding indicators, the overall now is great. i am havving doubts with the emas to use and the way to be out of a trade. if to go out with oposite candle in positive or with trailing, what do you think and emas did you try 200 and 189, may be they are not good just an idea best
In my backtest EMAs 200 and 189 performed worse than 50 and 17...
Trading is the hardest way to make easy money...
  • #1,074
  • Apr 14, 2015 4:03pm Apr 14, 2015 4:03pm
thank you math,

i am having problems to do backtesting with renko, if someone can help with with some ideas or advice on how to do it, i will do more test than now as i am doing with real charts in a demo account, but cannot test in past

best
  • #1,075
  • Apr 14, 2015 4:04pm Apr 14, 2015 4:04pm
Quoting aledipi
thank you math, i am having problems to do backtesting with renko, if someone can help with with some ideas or advice on how to do it, i will do more test than now as i am doing with real charts in a demo account, but cannot test in past best
How to backtest Renko:
http://www.forexfactory.com/showthread.php?t=204485
Trading is the hardest way to make easy money...
  • #1,076
  • Apr 14, 2015 5:29pm Apr 14, 2015 5:29pm
thank you math, i have updated the ea to the last one in real time chart on a demo account and i willtry to start to instal backtesting during the weekend that i have more time, so lets try this ea i left default settings to start with it.

if you need that i try somethign else just let me know
best!
  • #1,077
  • Apr 15, 2015 3:01am Apr 15, 2015 3:01am
Hi Math, in version 2.99 there is a functionality with reverse brick as SL only in profit. Did you make a backtest if it's better then default setting in version 2.98? because now the losses are bigger than in version 2.98. Maybe in longterm it's better with version 2.99. I don't know. This is why I ask you.:-)

Thanks
  • #1,078
  • Apr 15, 2015 3:03am Apr 15, 2015 3:03am
i have a question, i am ussing the median renko, but i have started to think that normal renko is better as generates less noise traducing that to better entries and not so many entries.

in median renko i need to do a 20 bricks as it will be 10 bricks in normal renko or straight pass and do it with normal renko in 10
can generate difference at the end?

they loook very similar but has some difference, i apreciate any comment
thank you
  • #1,079
  • Apr 15, 2015 3:22am Apr 15, 2015 3:22am
i read about the non gaprenko done by math trader i will start ussing it, i guess is the best choice

i want to have the same as you to try the ea, are you ussing this one?

best to all and thank you
  • #1,080
  • Apr 15, 2015 3:31am Apr 15, 2015 3:31am
Today morning nice profit with this EA on DAX & GOLD. EURGBP as well..
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