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As primitive as automated Renko

  • #21
  • Sep 16, 2015 4:14am Sep 16, 2015 4:14am
Exactly, but problem is how to test Renko in strategy tester. I tried the ways from youtube, but it does not work. IMO, the best way is let it run on demo, 2 weeks or month. I hope that this week we will fix all bugs, I am getting tired from those permanently errors.
  • #22
  • Sep 16, 2015 4:24am Sep 16, 2015 4:24am
Quoting Matomi
Exactly, but problem is how to test Renko in strategy tester. I tried the ways from youtube, but it does not work. IMO, the best way is let it run on demo, 2 weeks or month. I hope that this week we will fix all bugs, I am getting tired from those permanently errors.
This EA should not be that difficult for a coder
  • #23
  • Sep 16, 2015 6:48am Sep 16, 2015 6:48am
Did you already try this strategy in bad market circumstances? How does the strategy perform during these days?
If your tp for the day is 40-50 pips. And you lose 70-100pips in a day, you need 2 winning days to recover. In my opinion the losing days should not exceed the winning days.

This screenshots are taken on the eur/usd 10 september and 14 september. How much do we lose during this days?
Attached Images
  • #24
  • Sep 16, 2015 7:16am Sep 16, 2015 7:16am
Quoting Pipsalon
Did you already try this strategy in bad market circumstances? How does the strategy perform during these days? If your tp for the day is 40-50 pips. And you lose 70-100pips in a day, you need 2 winning days to recover. In my opinion the losing days should not exceed the winning days. This screenshots are taken on the eur/usd 10 september and 14 september. How much do we lose during this days? {image} {image}
imho,
we can not tell from your picture because it does not have wicks.
if I were to analyze your chart amongst an automatic order to the new block +1 + spread many orders they were not executed. (X).
so I assume that a TP content in the length of the block could help not running into big DD in side sit markets ...
but in fact the price moves out of the blocks and that's the problem
matomi?
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nescentia necat
  • #25
  • Sep 16, 2015 9:30am Sep 16, 2015 9:30am
Quoting friska
{quote} imho, we can not tell from your picture because it does not have wicks. if I were to analyze your chart amongst an automatic order to the new block +1 + spread many orders they were not executed. (X). so I assume that a TP content in the length of the block could help not running into big DD in side sit markets ... but in fact the price moves out of the blocks and that's the problem matomi? {image} {image}
I usually don't trade Renko charts, but it's interesting. The strategy of mr Matomi is not totally clear for me yet.
But let's wait for the EA.

This is the chart including the wicks. Exactly what you say not all orders would be executed.
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  • #26
  • Sep 16, 2015 9:36am Sep 16, 2015 9:36am
Guys, I will answer your questions this evening, I am very busy from morning, really sorry, I am doing my best
  • #27
  • Sep 16, 2015 2:14pm Sep 16, 2015 2:14pm
Quoting friska
{quote} imho, we can not tell from your picture because it does not have wicks. if I were to analyze your chart amongst an automatic order to the new block +1 + spread many orders they were not executed. (X). so I assume that a TP content in the length of the block could help not running into big DD in side sit markets ... but in fact the price moves out of the blocks and that's the problem matomi? {image} {image}
Hi Friska Yes, you are absolutelly right with wicks - Renko charts without wicks are useless for any strategy. You can see exactly these situations in my PDF, with next updated version of PDF I can add more pics of those situations if you want. I did not write that this strategy is about 100% wining ratio, the loses are there, sometimes more than profits, but the way how you can work with them is why this system will never blown up your account.

Pipsalon - on your picture I see 3 SL in a row what mean DD 70 pips with gradually multiplying - on next candle you will get all your - 70 pips back. Without multiplying it will be - 30 pips and you need 6 bricks to get your gain back. With equal multiplying it is - 50 pips and you will need 5 bricks to get your money back. It is not so hard to understood it, it is only stupid simple mathematic. I know that you want ask me "and what will you do if you get more SLs in a row", but I will answer you always same - the next candle/candles bring my money back, because statistic. I wrote it in PDF - I prefer way "50 pips and run away" and using robot on the cleanest hours, for DAX it is next 2 hours from open. On EUR/USD it is maybe 2 hours from open London and 2 hours from open New York, I dont know, because I am focused on FDAX. That is your only homework - find the best hours on your instrument and trade your target every day.

By the way, I have some new fixes for this strategy, actually it does not need SL to BE function. Only TP and SL. I will try to put it into PDF as soon as possible. It is more profitable way. And thank you for questions, too, I will create some FAQs from that and put it into PDF, too.
  • #28
  • Sep 16, 2015 2:24pm Sep 16, 2015 2:24pm
Quoting Matomi
{quote} Hi Friska Yes, you are absolutelly right with wicks - Renko charts without wicks are useless for any strategy. You can see exactly these situations in my PDF, with next updated version of PDF I can add more pics of those situations if you want. I did not write that this strategy is about 100% wining ratio, the loses are there, sometimes more than profits, but the way how you can work with them is why this system will never blown up your account. Pipsalon - on your picture I see 3 SL in a row what mean DD 70 pips with gradually multiplying...
hi matomi

as soon as ready for the new EA ver. i'll open a demo acc. to test it day by day
and post the result here to compare
nescentia necat
  • #29
  • Sep 16, 2015 2:40pm Sep 16, 2015 2:40pm
Quoting friska
{quote} hi matomi as soon as ready for the new EA ver. i'll open a demo acc. to test it day by day and post the result here to compare
I will be happy let it test by you I do not know if I wrote it on previous page (I am too comfortable click on previous page and delete my current text ), but we found the last error in code, and we are working on fix that. It is a little bit complicated bug, but nothing what we are not able to fix. Maybe we will need some expert help, but who knows. Significantly is, that we are on 99% done, then it is only about testing and fitting the EA for every specific account and broker, and instrument too, because spreads. You can not imagine, how I wish to make it bulletproof to end of this week...

Wish you lot of pips friska !
  • #30
  • Sep 16, 2015 2:53pm Sep 16, 2015 2:53pm
Quoting Matomi
{quote} I will be happy let it test by you I do not know if I wrote it on previous page (I am too comfortable click on previous page and delete my current text ), but we found the last error in code, and we are working on fix that. It is a little bit complicated bug, but nothing what we are not able to fix. Maybe we will need some expert help, but who knows. Significantly is, that we are on 99% done, then it is only about testing and fitting the EA for every specific account and broker, and instrument too, because spreads. You can not imagine,...

wish you too!!
Glad to help if I can!

this is morning dax today 5p from 9 to 12. 50sma. fxcm
averall with no multiply position size would be a profit session.. on paper...with 10p SL
as you rightly said, another thing is to spread slippage and everything else ...
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nescentia necat
  • #31
  • Sep 16, 2015 4:14pm Sep 16, 2015 4:14pm
Subbed, very eager to learn more about renko strategies.
  • #32
  • Sep 16, 2015 6:17pm Sep 16, 2015 6:17pm
Quoting Lotuscode
Subbed, very eager to learn more about renko strategies.
Welcome to thread !


Friska - that is exactly what I am trying to show there. And right comments bro - The EA is resistant against fast moves (spikes), news and so on, because there are always stop orders in advance of size of brick. So our order waiting for penetrate by market a long, long before

I am done for today, 1:16 night, I really need bed.... btw look first post, new PDF
  • #33
  • Sep 17, 2015 4:31am Sep 17, 2015 4:31am
Quoting Matomi
{quote} Hi Friska Yes, you are absolutelly right with wicks - Renko charts without wicks are useless for any strategy. You can see exactly these situations in my PDF, with next updated version of PDF I can add more pics of those situations if you want. I did not write that this strategy is about 100% wining ratio, the loses are there, sometimes more than profits, but the way how you can work with them is why this system will never blown up your account. Pipsalon - on your picture I see 3 SL in a row what mean DD 70 pips with gradually multiplying...
Why no SL to BE function? There will be much more stoplosses without this function. Take a look at this chart from GBPUSD on 16 september. All this retracements would not have get a TP and would turn into a losser without BE function.
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  • #34
  • Sep 17, 2015 4:54am Sep 17, 2015 4:54am
Quoting Matomi
{quote} Welcome to thread ! Friska - that is exactly what I am trying to show there. And right comments bro - The EA is resistant against fast moves (spikes), news and so on, because there are always stop orders in advance of size of brick. So our order waiting for penetrate by market a long, long before I am done for today, 1:16 night, I really need bed.... btw look first post, new PDF


Quoting Pipsalon
{quote} Why no SL to BE function? There will be much more stoplosses without this function. Take a look at this chart from GBPUSD on 16 september. All this retracements would not have get a TP and would turn into a losser without BE function. {image}
yes, right
or may be better TS. active +5 -->ea stop place order sice SL hit. then start again
this goes a little bit against the matomi concept scalping but could serve as the dax accelerates in long run..
nescentia necat
  • #35
  • Sep 17, 2015 5:54am Sep 17, 2015 5:54am
Quoting Pipsalon
{quote} Why no SL to BE function? There will be much more stoplosses without this function. Take a look at this chart from GBPUSD on 16 september. All this retracements would not have get a TP and would turn into a losser without BE function. {image}
Pipsalon read the PDF carefully - I wrote that TP is on Close of next candle, so actually TP is 4 pips, SL 10 pips (with 5 pips renko bricks), your entries are all TPs, and what they were before ? BEs. It is bigger negative ratio, but there is bigger Win Ratio, too, so recalculate it.

Btw I changed the pictures in PDF, where are half picture trend and half range. I added multiplying directly into pictures for better understand how it is works. Bad news for today are - we found out, that EA is OK in code, but there are still orders with different SL and TP and we can not find the error... Is there someone with ECN account with fixed spreads ?
  • #36
  • Sep 17, 2015 8:32am Sep 17, 2015 8:32am
Matomi, do you trade those renko bars one by one?. In a strong trend, the renko bars print it almost simultaneously.
  • #37
  • Sep 17, 2015 9:00am Sep 17, 2015 9:00am
Quoting Matomi
{quote} Pipsalon read the PDF carefully - I wrote that TP is on Close of next candle, so actually TP is 4 pips, SL 10 pips (with 5 pips renko bricks), your entries are all TPs, and what they were before ? BEs. It is bigger negative ratio, but there is bigger Win Ratio, too, so recalculate it. Btw I changed the pictures in PDF, where are half picture trend and half range. I added multiplying directly into pictures for better understand how it is works. Bad news for today are - we found out, that EA is OK in code, but there are still orders with different...
TP4 SL10 is a very bad RRR. TP5 SL10 with a BE function, after bar close would be better in my opinion
But we can test both.
  • #38
  • Sep 17, 2015 9:20am Sep 17, 2015 9:20am
Quoting mario777
Matomi, do you trade those renko bars one by one?. In a strong trend, the renko bars print it almost simultaneously.
Hi mario777, and welcome in thread !

Answer on your question you can find 3 comments above - EA putting orders in distance of brick size. So it does not matter, if actually is reported NFP, FED, ZEW, IR or Wall Street bankrupt. On the contrary - this is best opportunity to let EA run. I can put some screens to PDF if people there are interested about where to put orders, but I think it is very clearly readable from actual PDF. With manually way of trading use only hotkey scripts as I mentioned it in PDF, too. I was using them before I started developing the current robot.
  • #39
  • Sep 17, 2015 10:05am Sep 17, 2015 10:05am
Quoting Pipsalon
{quote} TP4 SL10 is a very bad RRR. TP5 SL10 with a BE function, after bar close would be better in my opinion But we can test both.
Right words, man Just test it and you will see what is better for you.

If I will update PDF next time, I will put only best of my knowledge in it, as I done it yesterday. I do not want create one of those 1000 page threads when on first page is absolutelly diferent system than on last page. Of course, the different mutations is on your own testing and studying, but in PDF will be always the newest and most actual/best profiting way. And if someone bring his own version which will be provably profit one, I will add that to first comment as another way.
  • #40
  • Sep 17, 2015 10:10am Sep 17, 2015 10:10am
Quoting Matomi
{quote} Right words, man Just test it and you will see what is better for you. If I will update PDF next time, I will put only best of my knowledge in it, as I done it yesterday. I do not want create one of those 1000 page threads when on first page is absolutelly diferent system than on last page. Of course, the different mutations is on your own testing and studying, but in PDF will be always the newest and most actual/best profiting way. And if someone bring his own version which will be provably profit one, I will add that to first comment...
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