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

Quoting MathTrader7
{quote} No, you don't have to set a different magic number for each pair. If you are running another EA on the same account, make sure that their magic numbers are different.
Thank you so much. I am clear now.
hello

first i wanna thank you for this ea an there is a bug in the ea the exit by opposite candle is on but it doesnt exit

Attached Image
Hi
my english very bad
can you post last vesion and Manuals
Thanks
Quoting MathTrader7
Here is Version 1.6 of the EA that implements a Trailing Stop of the N-brick size. You can enable/disable the trailing stop and specify the number of bricks for the trailing stop in the input settings. {file}
Hi MathTrader7
Just move the chart ? The other thing not to do ? Automatic work ? Only works EURUSD ? Will explain more
Dear MathTrader7,

I tested your EA 3.35 and it worked fine. However, it takes only BUY, not SELL. Would you check it as well? So far, your Renko EA is the best because you have many parameter that the user can change upon their strategies. In my opinion, I think there is small thing need to improve (I'm sorry if others have mentioned it already, because I couldn't read all the 70s posts).

1) Eventually, if you can set parameter of #brick to enter trade is even better because with Renko we can trade in different size of brick for example we can set 2 pips per brick, 5 pips per brick, 10 pips per brick, etc. So, the enter/setup trade strategy is also depended on #pips of brick we set. For example, if we set 2 pips per brick, we should enter earlier, one brick closed after the brick with opposite color (i.e enter at open of the 2nd brick).

2) Another thing, can you put one more option about trailing SL? Is it possible that we can trail SL to next high/low? I don't know the code works. I'm sorry for this comment.

Thanks MathTrader7 for your great contribution. Sorry for my English.

Best regards,
Quoting MathTrader7
I was playing with the RenkoMaker Pro indicators to decide whether start writing an EA to automate it. Here are two pictures of manual backtesting the strategy on the recent Renko chart of EURUSD: {image}{image} It seems to work at first glance...
Greetings traders!

I was reading this post for the past two days and found out so many useful information. I was willing to start testing ea that was founded here, but post http://www.forexfactory.com/showthre...64#post8181864 about "renkoMaker confirm" really got me interested, so I wanted to test it out. I have done manual back testing for year 2014. for 5 pairs and results are outstanding!

The idea is simple. I use 10 pip renko chart and only "RenkoMaker confim" indicator. Go long/short when indicator is pointing up/down, exit when indicator went in another direction and immediately go long/short, and so on. The 10 pips brick has to be closed to enter and exit a position. I hope I gave enough explanation. Take a look at a pic to make it more clear.

Let me show you the results I got for year 2014.:
1. EUR/JPY
165 trades = 60 loss (including trades that gave 0 pips gain/loss), 105 win
9540 pips profit - 840 pips loss = 8700 pips of profit
Biggest loss - 50 pips
Biggest win - 430 pips

2. AUD/USD
112 trades =38 loss (including trades that gave 0 pips gain/loss), 74 win
4660 pips profit - 530 pips loss = 4130 pips of profit
Biggest loss - 40 pips
Biggest win - 350 pips

3. EUR/GBP
28 trades = 8 loss (including trades that gave 0 pips gain/loss), 20 win
1720 pips profit - 170 pips loss = 1550 pips of profit
Biggest loss - 40 pips
Biggest win - 250 pips

4. EUR/USD
79 =29 loss (including trades that gave 0 pips gain/loss), 50 win
4930 pips profit - 400 pips loss = 4530 pips of profit
Biggest loss - 40 pips
Biggest win - 540 pips

5. GBP/USD
102 trades =29 loss (including trades that gave 0 pips gain/loss), 83 win
6960 pips profit - 320 pips loss = 6640 pips of profit
Biggest loss - 40 pips
Biggest win - 480 pips

The results are raw, without commission, slippage, swap, spreads. Either way it looks very promising. The main problem is that this has to be done automatically, so it requires appropriate EA. So, if anyone is willing to give a try to make a EA for this idea we can do a forward testing and see how it really goes. Open a chart and take a look by your self. I thank in advance.

Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: renko.jpg Size: 209 KB
Attached File
File Type: ex4 RenkoMaker_Confirm.ex4   13 KB | 1 download
Quoting ninpo4snake
{quote} Greetings traders! I was reading this post for the past two days and found out so many useful information. I was willing to start testing ea that was founded here, but post http://www.forexfactory.com/showthre...64#post8181864 about "renkoMaker confirm" really got me interested, so I wanted to test it out. I have done manual back testing for year 2014. for 5 pairs and results are outstanding! The idea is simple. I use 10 pip renko chart and only "RenkoMaker confim" indicator. Go long/short when indicator is pointing...
"The RenkoMaker confirm" indicator repaints a lot, Try it in live and you will see.
Quoting batir
{quote} "The RenkoMaker confirm" indicator repaints a lot, Try it in live and you will see.
RenkoMaker confirm is just Fisher transform which is a repainting indicator...
Trading is the hardest way to make easy money...
MathTrader7: Can I ask you ? Are you able to create EA Renko Generator which works on strange symbol instruments as "DE30.." or "(DAX30)" ? Because all already posted EAs doesnt work, and shows me error.

Thank you for answer
Hello i am Donald and new at forex. I have been reading this forum and installed the expert.
What i like about it that there is not a big fall down in pips.
Is it possible to backtest.
Happy trading
Hi Mathtrader7,

Thank you so very much for your contribution to this thread. I tried to forward test the EA but it won't trade... I've been using EAs a lot , so I don't suppose I've done anything wrong to install the EA.. I see the smiley face at the upper right corner. Would you tell me what could possibly be wrong??? Thank you in advance.. Happy pipping !
Quoting pipbabe
Hi Mathtrader7, Thank you so very much for your contribution to this thread. I tried to forward test the EA but it won't trade... I've been using EAs a lot , so I don't suppose I've done anything wrong to install the EA.. I see the smiley face at the upper right corner. Would you tell me what could possibly be wrong??? Thank you in advance.. Happy pipping !
Dear Pipbabe . It only trades on Renko charts just try it if you have not tried it with Renko,
Greetings...!
Every Good Things Starts With "Bismillah"
Quoting ghoussse
{quote} Dear Pipbabe . It only trades on Renko charts just try it if you have not tried it with Renko, Greetings...!
Hi ghoussse,

Thank you for your response. Yes I did.. I put the EA onto offline Renko charts, and it doesn't trade at all (of course, smiley face is on!) . This looks really promising, I definitely want to use it on my live account. Does anybody have any idea what might be wrong???
Quoting pipbabe
{quote} Hi ghoussse, Thank you for your response. Yes I did.. I put the EA onto offline Renko charts, and it doesn't trade at all (of course, smiley face is on!) . This looks really promising, I definitely want to use it on my live account. Does anybody have any idea what might be wrong???
I have the same problem , maybe it does not work with My version MT4 bulid 840 . I will be grateful for your help
Hello
i have read the compleet forum.
Great job done here about the experts.
I have installed the expert from mathtrader7.
Mathtrader7 RenkoChartCreator1.4 and Mathtrader7 3.35.
What might be the best proffible way to set the expert for the eur/usd?
Happy trading
I'm creating another EA based on Renko....
And, with another kinda strategy...
But, With this i grabbed some clearer notes about Renko..
Hi I also put my EA onto offline Renko charts and it doesn't trade at all (of course, smiley face is on!) and suggestions. I'm using build 840
Failure is NOT an option
Hi, go to the properties of the Renko chart or press function key F8, uncheck the Offline Chart to activate the chart ~ check the Offline Chart to deactivate it. Hope it help.
Suggestiom for MathTrader7 - I can't know your code but looking in dependencies I see int PostMessageA(int,int,int,int). Here is discussion about it and probably a solution - http://forum.mql4.com/62761#954637 . I believe that one edit in your code could solve the problem with trading.
Use axe Luke...
Quoting Matomi
MathTrader7: Can I ask you ? Are you able to create EA Renko Generator which works on strange symbol instruments as "DE30.." or "(DAX30)" ? Because all already posted EAs doesnt work, and shows me error. Thank you for answer
Do you need the Renko Blocks Generator or the Expert Advisor for trading?
Mine works well, both on Forex, Indexes and Commodities....
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