Renko Bounce Trade

Quoting lemao

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Testing this strategy upcoming week. Thank you MathTrader7! --- RenkoLiveChart_v3.3x2 is not working for some reason. I'm using renkolivecharts_pimped_v4_13. Changes I made: 5.0 Pips Brick size Added EMA 200 Added Ichimoku Senkou Span A&B, default settings Some more rules to filter out potential bad trades: Dont take the trade when the gap between EMA200 and ATR Buy/Sell signal is < 3 Bricks ATR Buy/Sell signals inside the Ichimoku cloud are invalid First post on FF Greetings {image} {file} {file}

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Quoting yorkshirelad

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whats the best settings for the ATR bands? Default?

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Quoting lemao

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{quote} Default should be just fine bro Greetings

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Quoting lemao

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08:58 MESZ GBPUSD: Possible short signal soon http://i.imgur.com/RaQ5JFf.png probably going to miss that one
09:09 MESZ GBPUSD: I'm short http://i.imgur.com/Ht4FJ7T.png 34 pips SL, I aim for ~50% retrace of last move in d1 chart

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Quoting openyoureyes

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{quote} I see that you are very good at candlestick analysis, I bet you read this book: http://www.efuturesthai.com/uploads/...teve-Nison.png anyway, do you trade the current candle? (for example GBPUSD charts as quoted above, the last candle isn't closed yet) If I get a signal from my system (manual PA + turtle trader), I wait for the candle to close... (logic: renko reduces market whiplash [that's the reason we use renko charting: and if a renko candle is 5-ticks, for a reversal you need x2 ticks] not trading until a confirmation...

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Quoting lemao

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+17.9% this week, i'm done for today Have a great weekend.

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Quoting codar

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I've recorded time lapse video of the last two days of previous week on 6 major pairs to see if there is a strategy we can automate. In a table below, I've marked 22 trades with more than respectable total profit. This is only a test, but I'm also recording the current week and will work on establishing the rules.

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Quoting codar

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This is the time-lapse video for the previous week. As you can see, still a lots of BE trades. Also second part of the week was bad, but I didn't skip the news. Trending indy didn't help this week either. Added to previous observation: - I would add function to set TP to Break Even when the PA goes -10 or more. So the Break Even function would work both ways - as soon as PA goes +10 / -10 the trade should close when PA goes back to the openning price. MathTrader, can you automate this for us, please? {image} {image} http://youtu.be/8lM4MUl3oo4...

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Quote

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BUY: If a bearish Renko brick's body intersects the indicators lower band or closes below the lower band, and the next Renko brick is bullish, open a BUY position, set the stoploss level three bricks plus spread away from the entry point.
SELL: If a bullish Renko brick's body intersects the indicators upper band or closes above the upper band, and the next Renko brick is bearish, open a SELL position, set the stoploss level three bricks plus spread away from the entry point.

Quoting codar

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Thanks Mathtrader, you are the greatest! Here are the functions I would like EA to have: - Open trades as per your entry rules in the first post: {quote} - configurable Lot size - configurable fixed Stop Loss - Break Even function: when set number of positive and separately set number of negative pips is reached, move TP to Break Even - Exit strategy: 1. as soon as PA hits the opposite band 2. as soon as second candle in the opposite direction is closed (when PA goes against you one and then second candle, as soon as second candle closes) - (OPTIONAL)...

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