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Lets Automate a Simple Renko Strategy!

  • #1,441
  • Edited 10:53pm May 12, 2015 9:03pm | Edited 10:53pm
E.G. this is the best my EA currently can do in "Scalping Mode". Different testing period, scalping on 80 point bricks. I'm still not happy about the results though ( I can see what is wrong with the trades but I have no technical solution ( yet ? ) ). I guess MathTrader7 used 1.0 lots in his Scalping EA test, I use 0.5 lots here.

Best, V.
Attached Image (click to enlarge)
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  • #1,442
  • Edited May 13, 2015 3:55am May 12, 2015 9:48pm | Edited May 13, 2015 3:55am
Hi,

A Renko Builder update (v1.05): http://www.forexfactory.com/showthre...=1#post8258757

Best, V.
  • #1,443
  • Edited 1:46am May 13, 2015 1:19am | Edited 1:46am
Here we have the same testing period now and I guess the same lot size as well ( I needed to generate test data first ). Two different scalping EA's, different methods, different brick sizes ( I guess ), both making profit and I say I am not happy about this. Why ? Now, when you look at it in detail you can see that there are longer periods where you don't make profit. You don't lose a lot but you don't gain as well. What if the profit you make is mainly on quicker moves like you see during news events and weekend gaps ? Things you don't see on this 15 month, nice looking equity curve and things you might not catch in reality. Would it still be profitable then ? IMO the answer is no. So I think there is still a long way to go until reliable results can be achieved. At least on my side.

Best, V.

P.S. Interesting to me: Both EA's perform about the same number of trades in a 15 month period.
Attached Image (click to enlarge)
Click to Enlarge Name: New Results.jpg Size: 177 KB
  • #1,444
  • May 13, 2015 3:17am May 13, 2015 3:17am
Quoting verified
E.G. this is the best my EA currently can do in "Scalping Mode". Different testing period, scalping on 80 point bricks. I'm still not happy about the results though ( I can see what is wrong with the trades but I have no technical solution ( yet ? ) ). I guess MathTrader7 used 1.0 lots in his Scalping EA test, I use 0.5 lots here. Best, V. {image}
Nice job done!
I used a risk of 1% of the account balance per trade with an initial account size of 10,000 USD.
Trading is the hardest way to make easy money...
  • #1,445
  • May 13, 2015 6:29am May 13, 2015 6:29am
Quoting MathTrader7
{quote} Here is a backtest of my Renko Scalper EA: {image}
Hi MathTrader7,
Thanks for sharing your backtest. Looks promising . Is the Backtest from the RenkoEa you have posted in this Thread?
Best
TimeRider
  • #1,446
  • Edited 6:49am May 13, 2015 6:38am | Edited 6:49am
Quoting TimeRider
{quote} Hi MathTrader7, Thanks for sharing your backtest. Looks promising . Is the Backtest from the RenkoEa you have posted in this Thread? Best TimeRider
Not MathTrader7 here, but it is different. Very different in this case. BTW, he said it already. If you want to know more about it, read about his activities in the areas of machine learning and tick data charting.

As for me, I'm not a big believer in machine learning when it comes to Forex. IMO just another indicator. Tick Data is a different animal ...

Best, V.
  • #1,447
  • May 13, 2015 6:49am May 13, 2015 6:49am
Quoting verified
Here we have the same testing period now and I guess the same lot size as well ( I needed to generate test data first ). Two different scalping EA's, different methods, different brick sizes ( I guess ), both making profit and I say I am not happy about this. Why ? Now, when you look at it in detail you can see that there are longer periods where you don't make profit. You don't lose a lot but you don't gain as well. What if the profit you make is mainly on quicker moves like you see during news events and weekend gaps ? Things you don't see on...
Gentlemen,
if we are going to evaluate with backtests, which are unreliable in my opinion, more "realistic" results will be achieved if we set our spread to realistic numbers. Mt4 platform spread set is in points, not pips... If your broker offers, example average 2 pip spread, you should set this to 20 in mt4...otherwise you are getting fantasy numbers. Btw, I am not implying this ea version being bad nor good...i dont know as i have not tested it, just that backtest with .2 pip spread is a fantasy trade environment.

Best, Josh
  • #1,448
  • May 13, 2015 7:09am May 13, 2015 7:09am
Quoting JoshuaHope
{quote} Gentlemen, if we are going to evaluate with backtests, which are unreliable in my opinion, more "realistic" results will be achieved if we set our spread to realistic numbers. Mt4 platform spread set is in points, not pips... If your broker offers, example average 2 pip spread, you should set this to 20 in mt4...otherwise you are getting fantasy numbers. Btw, I am not implying this ea version being bad nor good...i dont know as i have not tested it, just that backtest with .2 pip spread is a fantasy trade environment. Best, Josh
Solutions ONLY!!!
  • #1,449
  • May 13, 2015 7:16am May 13, 2015 7:16am
Quoting BillYon
{quote}
I kinda feel a Deja'vu as i wrote that yesterday on another thread as well.
Best, Josh
  • #1,450
  • May 13, 2015 7:21am May 13, 2015 7:21am
Hi Josh and Bill, you guys are quick ... too quick.

Nobody has an interest here to show any "beautified" numbers - for what ? People are working hard to achieve THEIR goals and don't work for YOU. Just sharing. I ran a short test for you I attached. My EA computes the profit internally, to avoid any MT4 "errors". As you can see, it uses 2.0 pips spread and it computes USD 275 for 55 pips (net). So it's a non issue.

MT4 reports the number 2. All you can say is sorry now.

Unbelievable.

Best, V.
Attached Image (click to enlarge)
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  • #1,451
  • May 13, 2015 7:27am May 13, 2015 7:27am
Does anybody has a tutorial how to do backtesting with Renko charts using Verified or Math7 versions of non-gap renko
  • #1,452
  • May 13, 2015 7:28am May 13, 2015 7:28am
Quoting bogdan11
Does anybody has a tutorial how to do backtesting with Renko charts using Verified or Math7 versions of non-gap renko
Math did one already in a reply where I asked the same question. You can find in this thread.
  • #1,453
  • May 13, 2015 7:44am May 13, 2015 7:44am
Quoting TimeRider
{quote} Hi MathTrader7, Thanks for sharing your backtest. Looks promising . Is the Backtest from the RenkoEa you have posted in this Thread? Best TimeRider
Hi TimeRider, the backtest is the result of a scalper EA that I am working on. The EA uses only price action with NO indicator (except for using ATR). It is under development, and not yet been proved to be profitable. I just started a forward test of this scalper EA.
Trading is the hardest way to make easy money...
  • #1,454
  • May 13, 2015 7:44am May 13, 2015 7:44am
Quoting verified
Hi Josh and Bill, you guys are quick ... too quick. Nobody has an interest here to show any "beautified" numbers - for what ? People are working hard to achieve THEIR goals and don't work for YOU. Just sharing. I ran a short test for you I attached. My EA computes the profit internally, to avoid any MT4 "errors". As you can see, it uses 2.0 pips spread and it computes USD 275 for 55 pips (net). So it's a non issue. MT4 reports the number 2. All you can say is sorry now. Unbelievable. Best, V. {image}


Well then just run a test will 20 spread selected on the MT4. If your ea controls the spread as you say, the results should match. Also the observation is not a slight at you or anyone else. Some do not know that MT4's spread in the tester is in points so it's good advice for those that care to benefit from it.

No need for sorry. Just get some skin thickening creme if you cannot accept such simple observations that you YOURSELF might benefit from...

So let's see those matching results please! Thanks
Solutions ONLY!!!
  • #1,455
  • May 13, 2015 7:53am May 13, 2015 7:53am
Quoting MathTrader7
{quote} Hi TimeRider, the backtest is the result of a scalper EA that I am working on. The EA uses only price action with NO indicator (except for using ATR). It is under development, and not yet been proved to be profitable. I just started a forward test of this scalper EA.
Thanks for your fast reply. You said that the expert is not profitable yet, but the backtest looked profitable. Are the differences between a Renko backtest and the reality that extreme?
Best
TimeRider
  • #1,456
  • Edited 8:25am May 13, 2015 7:58am | Edited 8:25am
Quoting BillYon
{quote} Well then just run a test will 20 spread selected on the MT4. If your ea controls the spread as you say, the results should match. Also the observation is not a slight at you or anyone else. Some do not know that MT4's spread in the tester is in points so it's good advice for those that care to benefit from it. No need for sorry. Just get some skin thickening creme if you cannot accept such simple observations that you YOURSELF might benefit from... So let's see those matching results please! Thanks

Not wanting to rain on your parade and no need to retest - as you can see MT4 reports the number 2 because it also reports testing on a 4 digits broker. Both is wrong, problem observed. Sorry for the German language on my charts, you will find the translation on your MT4 installation. I don't say my EA controls something, I know what my EA controls. Big difference.

Best, V.
Attached Image (click to enlarge)
Click to Enlarge Name: SSS.jpg Size: 265 KB
  • #1,457
  • May 13, 2015 8:00am May 13, 2015 8:00am
Quoting verified
Hi Josh and Bill, you guys are quick ... too quick. Nobody has an interest here to show any "beautified" numbers - for what ? People are working hard to achieve THEIR goals and don't work for YOU. Just sharing. I ran a short test for you I attached. My EA computes the profit internally, to avoid any MT4 "errors". As you can see, it uses 2.0 pips spread and it computes USD 275 for 55 pips (net). So it's a non issue. MT4 reports the number 2. All you can say is sorry now. Unbelievable. Best, V. {image}
Dear Verified,
Clearly, nobody here "works" for me. People post what they like and what they want to share. I made an observation looking at your test results not knowing that you have an alternate method of testing. I am not familiar with your method..i don't know if its accurate or not in regards to spread, but that is another story.
My intent was to point something out and it did not include verbal language, disrespect or anything else towards you or others forum members. My post was in good intent and constructive nature. That being said, I see no reason to apologize. Good luck with your testing and I hope you achieve your trade goals with the ea.

Best, Josh
  • #1,458
  • Edited 8:17am May 13, 2015 8:03am | Edited 8:17am
Quoting JoshuaHope
{quote} Dear Verified, Clearly, nobody here "works" for me. People post what they like and what they want to share. I made an observation looking at your test results not knowing that you have an alternate method of testing. I am not familiar with your method..i don't know if its accurate or not in regards to spread, but that is another story. My intent was to point something out and it did not include verbal language, disrespect or anything else towards you or others forum members. My post was in good intent and constructive nature. That being...
Hi Josh,

It's not as accurate as I'd like to have it. Seriously. But you can be sure that I did already what I can do to make backtesting usable to me. I need it for development. You see no reason to apologize ... I don't need this - not important to me. Just inform yourself next time before you judge.

Best, V.
  • #1,459
  • May 13, 2015 8:24am May 13, 2015 8:24am
Quoting verified
{quote} Math did one already in a reply where I asked the same question. You can find in this thread.
Ok, I found the post#1,219 how to backtest Renko, thank you very much
  • #1,460
  • May 13, 2015 8:32am May 13, 2015 8:32am
hi mt7 and verified

will u please share you scalping EA with us or just make us jealous...........................
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