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  • #1,221
  • Apr 19, 2015 5:27pm Apr 19, 2015 5:27pm
P.S. To the MathTrader 7 Renko Builder: When an EA autodetects the brick size it can fail by detecting a double sized reversal brick. So only EA's, compatible with the non-gap Renko Builder version will work correctly. The needed code changes are easy: Read 2 consecutive bricks ( 2 bullish or 2 bearish ) and choose the smaller brick ( if there is one ) as the EA brick size.

Best, V.
  • #1,222
  • Apr 19, 2015 6:54pm Apr 19, 2015 6:54pm
Quoting verified
P.S. To the MathTrader 7 Renko Builder: When an EA autodetects the brick size it can fail by detecting a double sized reversal brick. So only EA's, compatible with the non-gap Renko Builder version will work correctly. The needed code changes are easy: Read 2 consecutive bricks ( 2 bullish or 2 bearish ) and choose the smaller brick ( if there is one ) as the EA brick size. Best, V.

PS, WRONG!

If you are counting candles, the double sized brick is the same as if there wasn't, by way of the logic.

Close[2]>Open[2]&&Close[1]>Open[1], buys
Close[2]<Open[2]&&Close[1]<Open[1], sells

The fact that the empty space is filled in, has absolutely ZERO bearing on the logic as it still only counts as a single candle!

For all intents and purposes, the only thing that changes is the visual representation of price movement...the logic by which you would code an EA around it is EXACTLY the same.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,223
  • Apr 19, 2015 9:05pm Apr 19, 2015 9:05pm
Quoting verified
Hi Math, I am still closely following this thread, I just stopped to contribute for obvious reasons. It's rediculous that a "senior member" can post every BS he/she wants without any consequences. Related to Renko entries I tested indicators as well, in particular MA's, Ichimoku, CCI and trend ( Nihilist ). They don't seem to improve the results in my ( technical ) point of view. What really improves the results is focusing on the exits, how much room you give the price to fluctuate, when you want to take the profit and which "window" you define...
hi verified
have you considered partial close to protect the porfits? for ie, 2 lots entrty, once 1:1 RR reached, close 1 lot and let the othe 1 lot to run for bigger porfit.
that might help
patience is a virtue
  • #1,224
  • Apr 20, 2015 4:12am Apr 20, 2015 4:12am
HI MATH AND FRIENDS,

ea is working perferct, the mistake i was doing was... after uncheking the offline chart, i close the mt4 and then open again...my mistake
it is not need it to close the platform, just uncheck and all will work great.

have a great day.
  • #1,225
  • Apr 20, 2015 4:36am Apr 20, 2015 4:36am
Hello guys, I'm new at FF, but often looking at the Renko threads. Well, I was looking very long time for good renko strategy and about month ago I've decided to go by this simple system, I use almost the same MA's as the author, 21 and 50. I was using stochastic also, but last days I changed it to MACD with 2 lines, which I think is more accurate and shows divergences. Just testing this RenkoEA bu MathTrader7 (thanx a lot for a good job!!!). I'm gonna do one week demo forward tests on 5 main pairs and if the results will be fine I'm gonna start live testing. For now, looks pretty well :-)
  • #1,226
  • Apr 20, 2015 6:11am Apr 20, 2015 6:11am
Hi Math,

Using your non-gap Renko Builder I can see it all the time - I think I know what you are planning to do to improve the entries. Look at the picture attached , add prices and you get ... - great idea ( the array is bigger, I just show 32 elements for debugging ). No indicators, pure price action.

Best, V.
Attached Image (click to enlarge)
Click to Enlarge Name: 01010101.jpg Size: 27 KB
  • #1,227
  • Apr 20, 2015 6:29am Apr 20, 2015 6:29am
Quoting blueseahorse
{quote} hi verified have you considered partial close to protect the porfits? for ie, 2 lots entrty, once 1:1 RR reached, close 1 lot and let the othe 1 lot to run for bigger porfit. that might help
Hi blueseahorse,

Thank you very much for your input. I did not do up to now but I will try it for sure. Running a bit out of time ATM, still a lot needs to be done.

Rgds, V.
  • #1,228
  • Apr 20, 2015 6:36am Apr 20, 2015 6:36am
Quoting verified
Hi Math, Using your non-gap Renko Builder I can see it all the time - I think I know what you are planning to do to improve the entries. Look at the picture attached , add prices and you get ... - great idea ( the array is bigger, I just show 32 elements for debugging ). No indicators, pure price action. Best, V. {image}
Hi verified! You got me again!
I'm also studying the Renko bar's duration and volume. I am working on a machine learning based approach for pattern recognition....

Best, MathT7
Trading is the hardest way to make easy money...
  • #1,229
  • Apr 20, 2015 6:53am Apr 20, 2015 6:53am
Hi Math, I have one info and one question.

Info: After some tests I rolled back to your version 2.98 and renko_mod. I had best experiences with this version and settings. Only stochastic is off in my usage.

Question: I understood that you have been working on another EA for renko scalping. Is't true? Will you make new thread for it or will you use this one?
  • #1,230
  • Apr 20, 2015 7:01am Apr 20, 2015 7:01am
Quoting MathTrader7
{quote} Hi verified! You got me again! I'm also studying the Renko bar's duration and volume. I am working on a machine learning based approach for pattern recognition.... Best, MathT7
Sounds good . I experimented with chop filters based on the latest prices ( various lookback periods ) - my implementation did not improve anything. I tried self-learning, averages and hard coded patterns. I'm looking forward to learn from your results. My next investigation will be S/R levels and I hope to see the first results by tomorrow already. I just need to code what my eyes can see.

GL & all the Best, V.
  • #1,231
  • Edited 7:35am Apr 20, 2015 7:16am | Edited 7:35am
Quoting Magix
{quote} PS, WRONG! If you are counting candles, the double sized brick is the same as if there wasn't, by way of the logic. Close[2]>Open[2]&&Close[1]>Open[1], buys Close[2]<Open[2]&&Close[1]<Open[1], sells The fact that the empty space is filled in, has absolutely ZERO bearing on the logic as it still only counts as a single candle! For all intents and purposes, the only thing that changes is the visual representation of price movement...the logic by which you would code an EA around it is EXACTLY the same.
You did not read my posting at all or you did not understand it.

Go and play bricks counting with the kids on your block. In case it would not work, you always can use MA crosses and martingale. But please don't forget to tell us from your invaluable wisdom ( especially when I am posting ), where we can profit every day from your contributions.

I prefer to play with other children now, so look out for new friends ...

Best, V.
  • #1,232
  • Apr 20, 2015 7:23am Apr 20, 2015 7:23am
Quoting dafa
Info: After some tests I rolled back to your version 2.98 and renko_mod. I had best experiences with this version and settings. Only stochastic is off in my usage.
Hi dafa, feel free to use any combination you think that it is the best :-) If you ask me which version and combination would work the best, I simply say that I do not know!

Quoting dafa
Question: I understood that you have been working on another EA for renko scalping. Is't true? Will you make new thread for it or will you use this one?
Yes! that's true! I would open a new thread whenever I'm ready to do that...
Trading is the hardest way to make easy money...
  • #1,233
  • Apr 20, 2015 7:31am Apr 20, 2015 7:31am
Quoting verified
{quote} Sounds good . I experimented with chop filters based on the latest prices ( various lookback periods ) - my implementation did not improve anything. I tried self-learning, averages and hard coded patterns. I'm looking forward to learn from your results. My next investigation will be S/R levels and I hope to see the first results by tomorrow already. I just need to code what my eyes can see. GL & all the Best, V.
At my very early research, I did hard coded patterns for Renko, but it didn't work well. From my whole experience of trading in Forex, I do believe that there is no deterministic approach that can be profitable all the time... I'm looking for a probabilistic approach at the moment. I think pattern recognition in Renko charts could be one solution. I may open a thread for it...
Trading is the hardest way to make easy money...
  • #1,234
  • Apr 20, 2015 7:35am Apr 20, 2015 7:35am
It would be great to add the partial close of orders, ie. after first 10 pips of profit close 50%. It should help to get more constant profit..
  • #1,235
  • Apr 20, 2015 7:40am Apr 20, 2015 7:40am
Quoting Mnlop500
MATHTRADER7 Please give investor password for a demo account where you are testing the EA plzz thanks
Hello Mnlop500,

I just created a trade explorer for RenkoEA Version 3.10 with Non-gap Renko Creator EA Version 1.4 on a demo account on my VPS. I use the default settings of the EA and run the EA on four pairs: EURUSD, USDJPY, USDCAD and AUDUSD. I may keep this running for one month or so, where one can analyse the results.
Trading is the hardest way to make easy money...
  • #1,236
  • Apr 20, 2015 9:54am Apr 20, 2015 9:54am
THANKS MATHTRADER
  • #1,237
  • Apr 20, 2015 9:55am Apr 20, 2015 9:55am
I AM WATCHING ;-)
  • #1,238
  • Apr 20, 2015 10:59am Apr 20, 2015 10:59am
Quoting verified
{quote} Sounds good . I experimented with chop filters based on the latest prices ( various lookback periods ) - my implementation did not improve anything. I tried self-learning, averages and hard coded patterns. I'm looking forward to learn from your results. My next investigation will be S/R levels and I hope to see the first results by tomorrow already. I just need to code what my eyes can see. GL & all the Best, V.
Here is the first backtest of my Renko price action EA (probabilistic pattern recognition):
Attached Image (click to enlarge)
Click to Enlarge Name: MathTrader7_RenkoPA_EA.png Size: 94 KB

It may look good at first glance, but the profit factor is not that much good...
Trading is the hardest way to make easy money...
  • #1,239
  • Apr 20, 2015 11:51am Apr 20, 2015 11:51am
Quoting verified
{quote} You did not read my posting at all or you did not understand it.
I did read your post, and thus the reason that I replied...

As you are still stuck in stoopid mode, and are refusing to read what I wrote, you in end, still come up looking like a Moron.

Have a look at a chart, dipstick.

And instead of just arguing with me, for the sake of arguing, why not continue to assume that in everything I have posted, I continue to correct you, is ACTUAL and Factually based.

I am not just talking because I like to point out how big of a fool you are...really, that's just an added bonus, I am talking so that others that wish to continue on with anything thread related aren't confused by your dribble.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,240
  • Apr 20, 2015 12:09pm Apr 20, 2015 12:09pm
Quoting MathTrader7
{quote} At my very early research, I did hard coded patterns for Renko, but it didn't work well. From my whole experience of trading in Forex, I do believe that there is no deterministic approach that can be profitable all the time... I'm looking for a probabilistic approach at the moment. I think pattern recognition in Renko charts could be one solution. I may open a thread for it...
Lemme tip ya all : TRENDLINES, Lemme repeat once more: TRENDLINES
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