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Attachments: Lets Automate a Simple Renko Strategy!
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Lets Automate a Simple Renko Strategy!

Hi guys ,, is the automatic system working ? ,, and if that is a yes , how would I get it to demo , please .......
Here is a today's time-lapse recording of 10 pairs forward test.

Inserted Video




Here is what I've used:
MathTrader7_RenkoChartCreator 1.3
MathTrader7_RenkoEA 3.10
Offline chart - unchecked
Clock on the top right is UTC. Broker is Roboforex (UTC+2)

All settings are default except for these:
Money Management Mode - default until later in the day I've decided to turn to FixedLot - I wouldn't use money management in real trading
Max Spread - 100 - wanted to see the most trading opportunities
Start and End trade hour - 0-24
Later in the day I switched EUGBP and GBPNZD to NZDUSD and GBPCHF
GBPNZD made huge loss, didn't like the pip value.
This demo account is also in my Trade explorer.

Hope this helps!
Let me know if you want me to post more of these and what should I change.
Quoting MathTrader7
{quote} Here is the first backtest of my Renko price action EA (probabilistic pattern recognition): {image} It may look good at first glance, but the profit factor is not that much good...
NICE BT MathTrader
concerning profitfactor i think it need 1.72 and above to be good , right ?
Quoting codar
Here is a today's time-lapse recording of 10 pairs forward test. https://youtu.be/NPh5MNP0_KI Here is what I've used: MathTrader7_RenkoChartCreator 1.3 MathTrader7_RenkoEA 3.10 Offline chart - unchecked Clock on the top right is UTC. Broker is Roboforex (UTC+2) All settings are default except for these: Money Management Mode - default until later in the day I've decided to turn to FixedLot - I wouldn't use money management in real trading Max Spread - 100 - wanted to see the most trading opportunities Start and End trade hour - 0-24 Later...
Hello
With these setting is it profitable for you?
Regards
Fred
This is my first day with multiple pairs. I guess, I first want to see if it works at all and then filter out the bad pairs and tweak the settings.
Quoting MathTrader7
{quote} Here is the first backtest of my Renko price action EA (probabilistic pattern recognition): {image} It may look good at first glance, but the profit factor is not that much good...
Is it version 3.1 EA with default setting?
Regards
Fred
Dear MathT7,
If i choose exit on candle reversal, over MA false, MA filter false then when candle reversal happened, wheter existing OP will close in the same time OP in the opposite previous OP will open? I hope this EA can do it. Looking forward for your answer.
Thank you.
Quoting codar
This is my first day with multiple pairs. I guess, I first want to see if it works at all and then filter out the bad pairs and tweak the settings.
your balance decreased from $5046 to $4812.so it was loser experience.
fred
Mathtrader, can you tell me so far, in your experience in using the EA and the manual approach which one you've had a better experience with so far. I appreciate the EA can run continuously and therefore capture trades when a human is not sitting in front of the computer, however I'm wondering if just using the Renko approach with manual trading gives better returns?

Let me know your thoughts on the matter, good work by the way!
Hello. Sorry my bad English.

My question:
The EA working M1 generated renko chart. OK.
M5 M15 M30 from generated work also well? There is not a lot rotation of the bricks.
A good entry
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 36 KB
Using version 2.99 with renko live chart v3.4, all trades profitable so far.
Quoting codar
Here is a today's time-lapse recording of 10 pairs forward test. Here is what I've used:
Good job!
I just recommend four low spread paris: EURUSD, USDJPY, USDCAD and AUDUSD.
Trading is the hardest way to make easy money...
Quoting Mnlop500
{quote} NICE BT MathTrader concerning profitfactor i think it need 1.72 and above to be good , right ?
In theory a profit factor of 1.0 (out of at least 1000 trades) means a break even system. However, in practice we need to be in the safe side so a common belief is to have 25% more than breakeven for breathing, which means a profit factor of 1.25 is the minimum that you can expect a system would be profitable in the reality. But 1.25 is the minimum in theory, I am looking for a profit factor of minimum 1.62 to start trading live.
Trading is the hardest way to make easy money...
Quoting fredgold3434
{quote} Is it version 3.1 EA with default setting? Regards Fred
No, it is a different EA...
Trading is the hardest way to make easy money...
Quoting Nednones
Mathtrader, can you tell me so far, in your experience in using the EA and the manual approach which one you've had a better experience with so far. I appreciate the EA can run continuously and therefore capture trades when a human is not sitting in front of the computer, however I'm wondering if just using the Renko approach with manual trading gives better returns? Let me know your thoughts on the matter, good work by the way!
I would say that trading manual is safer than trading with the EA. This is simply because of human being judgement that cannot be programmed into a software easily.
Trading is the hardest way to make easy money...
Quoting sminage
A good entry {image}
Trading is the hardest way to make easy money...
Quoting MathTrader7
{quote} No, it is a different EA...
hi mathtrader
would you share that PA EA with us here?
regards
fred
Quoting fredgold3434
{quote} hi mathtrader would you share that PA EA with us here? regards fred
I'm still developing the EA. I may share it with other traders later....
Trading is the hardest way to make easy money...
Hey guys, I am looking at renko charts from yesterday and orders I considered placing and some of the order signals seem to have changed. I'm not following this system exactly but do renko charts change after the event? Do brokers update their charts and the bars move? I also changed my 1 minute chart to 5 minutes and back again and a couple of the renko bars were different afterwards? Any ideas. I'm using a different renko chart so maybe it is my renko but I am not sure?

thanks
Gravity goes both ways in forex...
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