Renko Bounce Trade | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RENKO Trading SYSTEM - RENKO Indicators 7 replies

EA won't trade live on MT4 Renko 22 replies

How To Trade Renko Profitably 13 replies

How do you trade renko? 15 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

Attachments: Renko Bounce Trade
Exit Attachments

Renko Bounce Trade

  • #121
  • Edited Jul 26, 2015 6:15am Jul 25, 2015 9:32am | Edited Jul 26, 2015 6:15am
This is the time-lapse recording for July 20 - July 24.
This past week was slow. I've included the news indicator and skipped a few trades as a result. Rules stayed the same. It's interesting how the Break Even rule confirms: the PA would go -10 and then almost always retraced at least 10-12 pips so you can close at break even level and get out of a bad trade.

Mathtrader, any progress on the EA?

Thanks!

Attached Image (click to enlarge)
Click to Enlarge Name: stat2015-07-20to24.jpg Size: 156 KB


Inserted Video
  • #122
  • Jul 26, 2015 6:58am Jul 26, 2015 6:58am
Version 1.00 of the EA released. I updated Post 1.
Trading is the hardest way to make easy money...
  • #123
  • Jul 26, 2015 10:14am Jul 26, 2015 10:14am
Quoting MathTrader7
Version 1.00 of the EA released. I updated Post 1.
Excellent job, thank you!
I'll make sure to test it this week.

Today I had time to review my 2 weeks of videos again and test what would happen if there is no Break Even function, I would let the trade run to either hit the Stop Loss or the opposite line. As you can see from the tables (blue column to the right), even though there is a lots trades that are stopped out and trades took longer, the profit is much larger. We'll see how it goes in the future and if it would be a valid strategy.

Attached Image (click to enlarge)
Click to Enlarge Name: stat2015-07-13to17.jpg Size: 152 KB

Attached Image (click to enlarge)
Click to Enlarge Name: stat2015-07-20to24.jpg Size: 117 KB


Mathtrader: Today is Sunday, I can't see if EA has the Break Even function, if it does, I would like the option to disable it, if it doesn't than don't need to add one. Thanks!
  • #124
  • Jul 26, 2015 10:29am Jul 26, 2015 10:29am
Quoting codar
Mathtrader: Today is Sunday, I can't see if EA has the Break Even function, if it does, I would like the option to disable it, if it doesn't than don't need to add one. Thanks!
In the first version I haven't implemented neither Break Even nor Trailing Stop functionalities. Let's test this basic version first. We can improve it later...
Trading is the hardest way to make easy money...
  • #125
  • Jul 26, 2015 10:40am Jul 26, 2015 10:40am
Hi dear Mathtrader7

I used MathTrader7_RenkoChartCreator but my Renko chart is look like as below. what should I do? Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 91 KB
  • #126
  • Jul 26, 2015 11:00am Jul 26, 2015 11:00am
Quoting Mr_jk
Hi dear Mathtrader7 I used MathTrader7_RenkoChartCreator but my Renko chart is look like as below. what should I do? Thanks {image}
You don't have to do anything! It is correct!
Trading is the hardest way to make easy money...
  • #127
  • Jul 26, 2015 11:29am Jul 26, 2015 11:29am
Quoting MathTrader7
{quote} You don't have to do anything! It is correct!
Thank you. But size of some candles and also wicks are not same as the others chart.
  • #128
  • Jul 26, 2015 12:05pm Jul 26, 2015 12:05pm
Quoting MathTrader7
{quote} In the first version I haven't implemented neither Break Even nor Trailing Stop functionalities. Let's test this basic version first. We can improve it later...
Hi MathTrader. I loaded your EA and just to give some feedback and ensure something is either correct or not, I noticed on Aud/Usd and Gbp/Usd that right when I loaded the EA on these 2 pairs it attempted to open sell trades (was looking at Journal tab). I looked at the charts but visually I don't see a trade cue so not sure why it would try to trade as entry criteria were not met in either. I know the market is closed right now but don't think this is correct.
  • #129
  • Jul 26, 2015 2:16pm Jul 26, 2015 2:16pm
Quoting aagarcia
{quote} Hi MathTrader. I loaded your EA and just to give some feedback and ensure something is either correct or not, I noticed on Aud/Usd and Gbp/Usd that right when I loaded the EA on these 2 pairs it attempted to open sell trades (was looking at Journal tab). I looked at the charts but visually I don't see a trade cue so not sure why it would try to trade as entry criteria were not met in either. I know the market is closed right now but don't think this is correct.
Thanks for the feedback! :-)
I will add trading time filter to prevent the EA from trading all the time. Stay tuned!
Trading is the hardest way to make easy money...
  • #130
  • Jul 26, 2015 2:57pm Jul 26, 2015 2:57pm
Quoting codar
{quote} Excellent job, thank you! I'll make sure to test it this week. Today I had time to review my 2 weeks of videos again and test what would happen if there is no Break Even function, I would let the trade run to either hit the Stop Loss or the opposite line. As you can see from the tables (blue column to the right), even though there is a lots trades that are stopped out and trades took longer, the profit is much larger. We'll see how it goes in the future and if it would be a valid strategy. {image} {image} Mathtrader: Today is Sunday, I can't...
Hi Codar,

it is quite interesting as I was reading an article that made the same conclusion, they let stops get hit, widened them, removed break evens, and doubled the profit target and their profits increased tremendously, summary of what was said. So it's definitely something to look into.
  • #131
  • Jul 26, 2015 3:37pm Jul 26, 2015 3:37pm
Quoting gselsidi12
{quote} Hi Codar, it is quite interesting as I was reading an article that made the same conclusion, they let stops get hit, widened them, removed break evens, and doubled the profit target and their profits increased tremendously, summary of what was said. So it's definitely something to look into.
Depends on what kind of drawdown comes along with it though. There needs to be a happy median.
  • #132
  • Jul 26, 2015 3:43pm Jul 26, 2015 3:43pm
Version 1.10 of the EA released. In this version time of trading filter added. I updated Post 1.
Trading is the hardest way to make easy money...
  • #133
  • Jul 26, 2015 5:00pm Jul 26, 2015 5:00pm
Quoting MathTrader7
Version 1.10 of the EA released. In this version time of trading filter added. I updated Post 1.
Apparently, I'm unable to attach EA to the chart, once I do that, it gets removed by itself. And I was following your instructions: first M1 chart, attach Renko CreatorEA, open M2 offline, uncheck offline chart in properties, attach RenkoBT EA and then nothing happens. This is the error message I get:

Attached Image (click to enlarge)
Click to Enlarge Name: error.JPG Size: 88 KB
  • #134
  • Jul 26, 2015 5:08pm Jul 26, 2015 5:08pm
Quoting codar
{quote} Apparently, I'm unable to attach EA to the chart, once I do that, it gets removed by itself. And I was following your instructions: first M1 chart, attach Renko CreatorEA, open M2 offline, uncheck offline chart in properties, attach RenkoBT EA and then nothing happens. This is the error message I get: {image}
This error is because of lack of Renko bars on your chart. You need to download enough history. To do so, hit <F2>, select the pair, and click on <Download>.
Trading is the hardest way to make easy money...
  • #135
  • Jul 26, 2015 5:27pm Jul 26, 2015 5:27pm
Quoting MathTrader7
{quote} This error is because of lack of Renko bars on your chart. You need to download enough history. To do so, hit <F2>, select the pair, and click on <Download>.
You're right, thank you!
  • #136
  • Jul 27, 2015 5:21am Jul 27, 2015 5:21am
I am running the newest EA for more then 12 hours now, but no trades. Can someone confirm trades with the newest version (1.10)?
  • #137
  • Jul 27, 2015 5:28am Jul 27, 2015 5:28am
I had three trades: EURUSD, EURJPY, AUDUSD. All three were opened as soon as EA is activated, probably because the signal was still active. Even if I close them, those three open again instantly. No new trades since last night.
Is this how it suppose to work? I see signals for USDCAD (buy), USDJPY(buy) in my recording PC where only indicator is running.
  • #138
  • Jul 27, 2015 5:57am Jul 27, 2015 5:57am
Quoting codar
I had three trades: EURUSD, EURJPY, AUDUSD. All three were opened as soon as EA is activated, probably because the signal was still active. Even if I close them, those three open again instantly. No new trades since last night. Is this how it suppose to work? I see signals for USDCAD (buy), USDJPY(buy) in my recording PC where only indicator is running.
The EA is experimental. There may be some bugs. I will fix them in the next versions.
Trading is the hardest way to make easy money...
  • #139
  • Jul 27, 2015 6:01am Jul 27, 2015 6:01am
Thanks for the great support.
  • #140
  • Jul 27, 2015 9:42am Jul 27, 2015 9:42am
Mathtrader, Codar and all those who made wonderful contributions to this great system, I thank you all...
I took out time this morning and read from post 1 page 1 till now and I want to say thanks again
I hope to load up the indicators and try it right away
I will likely update on how i fare and any difficulties or successes.
I guess i should just go straight to the ea, since i joined when the manual trading has been kind of replaced by the ea, that is if i understand the last posts well.
Hope to be around here
any advices are always welcomed as i am not so experienced yet...

Finally Math, if you can, can you attach a template for people like us, so that we will be on the same page as you and other experienced guys in the room

Thanks in advance!
0 traders viewing now