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As primitive as automated Renko

  • #41
  • Sep 20, 2015 6:29pm Sep 20, 2015 6:29pm
Today I found new way how to cut losses and made strategy more resistant. All is in new PDF in first comment, download, trade and mainly - join the development !

This is probably the final version, I really have not got any ideas which could made this strategy better. Maybe broker without spreads and comissions....
But I think there is still a lot of place to development. So start putting some lovely screens guys !
  • #42
  • Sep 21, 2015 12:25am Sep 21, 2015 12:25am
Quoting Matomi
Today I found new way how to cut losses and made strategy more resistant. All is in new PDF in first comment, download, trade and mainly - join the development ! This is probably the final version, I really have not got any ideas which could made this strategy better. Maybe broker without spreads and comissions.... But I think there is still a lot of place to development. So start putting some lovely screens guys !
Hello Matomi, interesting thread, looking forward to see the development here. Just one question - was the EA for this strategy already posted somewhere? I couldn't find it, I only saw the Renko generator in post no. 1 (and you PDF). Thanks and all have a good day.
  • #43
  • Sep 21, 2015 2:09am Sep 21, 2015 2:09am
Hi matomi,

i am also in renko now and try ea on the trade.

like your strategy, but mine is on first candle color change only, and put SL 2 -3 renko bar. i use 5 pip renko bar also.

Do you have your EA complete?
Look for it and you will find it
  • #44
  • Sep 21, 2015 5:29am Sep 21, 2015 5:29am
Quoting Alesamo
{quote} Hello Matomi, interesting thread, looking forward to see the development here. Just one question - was the EA for this strategy already posted somewhere? I couldn't find it, I only saw the Renko generator in post no. 1 (and you PDF). Thanks and all have a good day.
Hi and welcome to thread Alesamo and braveh4rt, EA bot was not posted yet. There are couple versions completed, but the version where is included 4. way is enough in process, and I do not think that will be published, because that was really hard work to made it in code, and in addition - it works on classic time charts, my colleague coded the Renko logic into M1 chart and we do not need Renko generator anymore, so MT4 is faster.

The main reason is, that I do not see any effort there to help me (about 250 downloads of PDF, and look for number of comments), everybody waiting for gratis pips, so trade it manually, post screens into thread and if I will see, that you are seriously interested about strategy I will send EA to your PM . I am going to write it to first comment, we can make a deal - if anyone reach gain +500 pips, I will send him EA to PM. Statistically, it is just 2 weeks of trading, only fraction of time which I put into development the whole strategy and EA bot. Why ? Because this is not thread like "Come on, I found 10% of strategy and you must find another 90%, maybe then it will be possible to trade". PDF shows always ways which is 100% profitable, some less, some more, but you are able to do consistently gain every day with that stuff. Only I want by you (if you are interested of course) is, that you understand the whole strategy and idea about that. Because let robot run without knowledge about that, is certain Margin Call. That is another reason why you need it first trade manually.

I hope that you understand me, nothing in the world is free.
  • #45
  • Sep 21, 2015 9:38am Sep 21, 2015 9:38am
Hi o/ I have try to made some statistics on renko Chart box 5 pips since 2 septembre.

Column A (tendenceLenght) is number of box consecutive :
- if 1 black box is after 1white box and befor 1white box tendence Lenght = 1
- if 2 black box is after 1 white box and befor 1white box tendence Lenght = 2

Column B (count) is the number of tendenceLenght since 2 september :
- For example, we have 561 black box between 2 white box or White box between 2 black box.

Column C (continuation) This is the continuation :
- Is we see a black box and a white box, the next box will be white.

Column D (% reverse) Same thinks of column B but in percent.

Column E (% continuation) Same thinks of column C but in percent

Column F (% of total tendence) Count tendence by the lenght.

The rest of the table is explicit. Be carefull, i use buyLimit and sellLimit. So, if i see a white box i open buy whit SL 5 pips (Teh next white box) and TP of 10 pips (the next black box).

I'm not always understandable in my language and English is not my first language.... good luck XD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 540 KB
  • #46
  • Sep 21, 2015 10:08am Sep 21, 2015 10:08am
Quoting Matomi
{quote} Hi and welcome to thread Alesamo and braveh4rt, EA bot was not posted yet. There are couple versions completed, but the version where is included 4. way is enough in process, and I do not think that will be published, because that was really hard work to made it in code, and in addition - it works on classic time charts, my colleague coded the Renko logic into M1 chart and we do not need Renko generator anymore, so MT4 is faster. The main reason is, that I do not see any effort there to help me (about 250 downloads of PDF, and look for number...
Are you already trading live with the EA or still on a demo account?
  • #47
  • Sep 21, 2015 12:41pm Sep 21, 2015 12:41pm
Quoting Pipsalon
{quote} Are you already trading live with the EA or still on a demo account?
Pipsalon, we are still under testing and development, the new version with 4th way (Special gradually multiplying) could be finished during few hours.
  • #48
  • Sep 22, 2015 11:51am Sep 22, 2015 11:51am
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...
Hello Matomi,

thank you for your work. If I understand correctly when you risk for example 1% (SL10 pips) your TP is 0.5% (5 pips). When your SL is hit (1% is lost), then you have to risk 2%, and if again SL is hit, you risk 4%. So after 3 SL in a row you lose 7%. If next trade is winning (you risk 8%) you get only 4% (5 pips) and you have -3% in total. So on next candle you can not get your 70 pips back. Am I correct?
  • #49
  • Sep 22, 2015 11:57am Sep 22, 2015 11:57am
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...
Also if I understand correctly, after 7 SL in a row with gradually multiplying, you can blow up your account. I am writing this just to understand instructions properly. Thank you for your time.
  • #50
  • Sep 22, 2015 1:12pm Sep 22, 2015 1:12pm
Quoting Matomi
Just read it, subscribe and join the development... {file} {image}
hi matomi,
ok,
Yesterday I tried on a new demo account the method.
I state, I tried it in the evening (GMT + 1) because the mornings are still focused on the grab movement dax by other method you well know ... so your conditions are not met 100%.
However, yesterday I looked for, until late nigh , a grid system that I could facilitate the placing PO with TP and SL preset. I have not found anything yet that it works on my renko charts. (not in renko charts but work on stnadards.. mah ) then I found a ea Hidden TPSL he could do to my case, I'm moving with that. not bad all things considered. I tried with renko 5p break the brick, but often false, especially in times of market weakness. so I increased the size to 7p to contain the spread, but the wicks are still a problem. so now I'm back to 5p but the order is placed in the middle of the next block, allowing the price hike a more abundant and avoiding any false break ...
continuous experimentation and hold you updated.
P.S. Also keep in mind the cycle Stoch. places no PO when market in OB OS favoring a greater chance of winning streak.
nescentia necat
  • #51
  • Sep 28, 2015 8:38am Sep 28, 2015 8:38am
Quoting Matomi
{quote} Pipsalon, we are still under testing and development, the new version with 4th way (Special gradually multiplying) could be finished during few hours.
Hi Matomi,
Not much action on this thread anymore...
How is the EA performing?
  • #52
  • Last Post: Sep 28, 2015 1:30pm Sep 28, 2015 1:30pm
Hi Pipsalon and hi everybody, sorry for a low activity during last days. I have to say, you were right Pipsalon - the gradually multiplying was wrong from start of thread, I was really bad mistaken because if you get 2 SL in a row, the next order is not 9x but 12x and so on... you must add previous losses to your current, and I really forgot on this. But that is trading, everyone do mistakes, everyday. But that is not end, I have developed very similiar EA, but RRR 1:1 and 2,5 Renko bricks on DAX, the strategy tester results are pretty nice, so we will see this week how it will run. I hope that finally I will be able to put there some nice equities. Wish you all the best !
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