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Lets Automate a Simple Renko Strategy!

  • #1,581
  • Oct 6, 2015 7:28pm Oct 6, 2015 7:28pm
Hi Guys,

Do you have any 'Back Test' results for the MathTrader7 EA.
I'm working on a Renko EA/Bot and it would be interesting to compare results if you have any.
A lion doesn't concern itself with the opinion of sheep.
  • #1,582
  • Oct 7, 2015 4:14pm Oct 7, 2015 4:14pm
Quoting martin-trade
Hi Guys, Do you have any 'Back Test' results for the MathTrader7 EA. I'm working on a Renko EA/Bot and it would be interesting to compare results if you have any.
You can find the result of a forward test in this Post.
Trading is the hardest way to make easy money...
  • #1,583
  • Oct 7, 2015 5:02pm Oct 7, 2015 5:02pm
Guys, you should be very attentive about Strategy Tester results... With my friend we developed about 30 versions of EA during 2 months and most of them were showing wonderful equities, but in real testing on demo it was disaster. The main problem is, that Renko charts are terrible repainting ones because of missing the tick data. The lowest at any broker are M1 data, so Renko EAs and Renko indicators takes the lowest available M1 data from platform. This causes that wicks are absolutelly repainted and you really can shut them off. So the versions that we have created on wicks base are fails. Actually I uses 2 pips Renko bricks on DAX and there is another "suprise" one - sometimes when you refresh your chart, some correct bricks will be deleted and there is nice trend Fortunately, larger bricks did not repaints, only wicks.

I have really no idea how to fix this problem, only solution is buy a tick data and your bTests will be 99,9% accurate, same as your strategy tester results. You need only few thousands dollars in addtion to buy them .

Or use a platform which has all special charts (Renko, Range Bar and so on) already integrated, like Sierra Charts.

- This week we are testing the newest EA, but it is still about that same thing - some condition of market give us huge gain during few minutes, and than it is big DD and again some gain, and again DD. This is magic circle of most systems.... I have developed a hot version just before few minutes, we will code it and I hope that it will be finally solution that we are looking for, than I will post everything about it to my thread.

BTW - Mathtrader7, do you still trade with your EA ?
  • #1,584
  • Edited 8:54pm Oct 7, 2015 8:28pm | Edited 8:54pm
Quoting MathTrader7
{quote} Hello Zorran, Are you sure that the input settings of the Stochastic oscillator you have shown on the chart is as the same as the input settings for the stochastic filter of the EA?

Hi Math Trader 7

welcome back I thought you were gone from this thread for good. I have checked on several trades on real account and I am sure that I have identical settings on the EA and chart. In fact i am using 20,3,3 as default in the EA. The issue is that the EA is taking trades around the support and resistance areas. Incidentally for the EA, in most cases the S/R fall in oversold and overbought region of the the stoch filter. I feel the EA can do much better filtering of losing trades if the stoch filter is in working order. In fact i have been contemplating on using the previous version 2.98 (the first version with stochastic filter, in hopes that 2.98 version would have the correct algorithm) on my real account but fear that it has a known trailing stop loss bug.
Another idea that I think would be further helpful is ...... if we have the stochastic filter to allow buy trades ONLY when the stoch is in the oversold region (like >80) and sell trades when the stoch is in overbought region(<20). We will have less trades but quality trades.
If we can improve the wining ratio this could be a nice profitable EA. I found the slope filter to be counterproductive. It significantly restricts the number of trades but doesn't improve the winning rates. Please let me know if you have any questions.
  • #1,585
  • Oct 8, 2015 8:09am Oct 8, 2015 8:09am
How can I backtest Renko charts?
  • #1,586
  • Oct 8, 2015 8:12am Oct 8, 2015 8:12am
Quoting Matomi
BTW - Mathtrader7, do you still trade with your EA ?
I no longer use this EA. I have developed other EAs for trading on Renko charts.
Trading is the hardest way to make easy money...
  • #1,587
  • Oct 8, 2015 8:15am Oct 8, 2015 8:15am
Quoting zorran
{quote} Hi Math Trader 7 welcome back I thought you were gone from this thread for good. I have checked on several trades on real account and I am sure that I have identical settings on the EA and chart. In fact i am using 20,3,3 as default in the EA.
Hi Zorran,

I'll double check the functionality of the stochastic filter for any possible bug in Version 3.35.

Best,
Math
Trading is the hardest way to make easy money...
  • #1,588
  • Oct 8, 2015 8:39am Oct 8, 2015 8:39am
Quoting MathTrader7
{quote} Hi Zorran, I'll double check the functionality of the stochastic filter for any possible bug in Version 3.35. Best, Math
Thank you MT7.
  • #1,589
  • Oct 8, 2015 12:06pm Oct 8, 2015 12:06pm
Quoting zorran
{quote} Thank you MT7.
I checked the stochastic filter of the EA, and it works correctly. Please make sure that Enable Stochastic Filter? is set to true.
If it is set to true, a BUY position will be open if the stochastic is in oversold area, and a SELL position will be open if the stochastic is in overbought area.
Trading is the hardest way to make easy money...
  • #1,590
  • Oct 8, 2015 12:40pm Oct 8, 2015 12:40pm
Quoting MathTrader7
{quote} I no longer use this EA. I have developed other EAs for trading on Renko charts.
I developed a 2 new versions finally today morning, now I wait for code. And what about results with your new EA that you developed ? Can you share a principe on which it is works or something about it ?
  • #1,591
  • Oct 8, 2015 1:09pm Oct 8, 2015 1:09pm
Quoting MathTrader7
{quote} I checked the stochastic filter of the EA, and it works correctly. Please make sure that Enable Stochastic Filter? is set to true. If it is set to true, a BUY position will be open if the stochastic is in oversold area, and a SELL position will be open if the stochastic is in overbought area.
Hi MT7,

Thank you. Can you please attach the version you have tested. I always have the 'Enable Stochastic Filter?' set to true. Perhaps I am using an incorrect version since all the ex4 versions are named the same.
  • #1,592
  • Edited 3:55pm Oct 8, 2015 1:32pm | Edited 3:55pm
Quoting zorran
{quote} Hi MT7, Thank you. Can you please attach the version you have tested. I always have the 'Enable Stochastic Filter?' set to true. Perhaps I am using an incorrect version since all the ex4 versions are named the same.
You can find the latest version (3.35) in this Post.
Trading is the hardest way to make easy money...
  • #1,593
  • Oct 8, 2015 1:46pm Oct 8, 2015 1:46pm
Quoting Matomi
{quote} And what about results with your new EA that you developed ?
Well, I am a big fan of trading on Renko charts. I have developed tens of EAs to automatically test different strategies on Renko charts. The best (profitable) strategy that I managed to automate it successfully, is a scalping strategy based on BB and a statistical model of Renko bricks.
Trading is the hardest way to make easy money...
  • #1,594
  • Oct 8, 2015 2:23pm Oct 8, 2015 2:23pm
Quoting MathTrader7
{quote} Well, I am a big fan of trading on Renko charts. I have developed tens of EAs to automatically test different strategies on Renko charts. The best (profitable) strategy that I managed to automate it successfully, is a scalping strategy based on BB and a statistical model of Renko bricks.
Wish you all the best with your EA. I found out, that the scalping is probably the only way how to get success with automatic trading system, that is why all of our versions are scalpers.

Only question - what mean BB, Bollinger bands ?
  • #1,595
  • Oct 8, 2015 2:31pm Oct 8, 2015 2:31pm
Quoting Matomi
{quote} Wish you all the best with your EA... Only question - what mean BB, Bollinger bands ?
Thanks! BB = Bollinger Bands :-)
Trading is the hardest way to make easy money...
  • #1,596
  • Oct 8, 2015 3:49pm Oct 8, 2015 3:49pm
Quoting MathTrader7
{quote} You can findthe latest version (3.35) in this Post.
thanks will try again
  • #1,597
  • Oct 9, 2015 9:49am Oct 9, 2015 9:49am
Quoting MathTrader7
{quote} Thanks! BB = Bollinger Bands :-)
Hello MathTrader7,
I have been praticing with this Renko stategy and new on a demo account.

Am I doing this ok?
This are the settings I have on my VPN:

MathTrader7 Renko chart creator
MathTrader7 Renko EA (3.35 version)

21 and 50 MA on both online 1M chart and Offline M2 Renko chart


http://postimg.org/image/f5b7drqhp/
  • #1,598
  • Oct 9, 2015 10:03pm Oct 9, 2015 10:03pm
Quoting MathTrader7
{quote} Well, I am a big fan of trading on Renko charts. I have developed tens of EAs to automatically test different strategies on Renko charts. The best (profitable) strategy that I managed to automate it successfully, is a scalping strategy based on BB and a statistical model of Renko bricks.
Hi MathTrader7, I'm a Renko Big Fans too .. are you make new Thread about your Renko+BB Strategy?
  • #1,599
  • Oct 10, 2015 2:58am Oct 10, 2015 2:58am
Quoting tapyoung
{quote} Hi MathTrader7, I'm a Renko Big Fans too .. are you make new Thread about your Renko+BB Strategy?
Maybe I open a new thread for this...
For the moment, it might be helpful for those who are curious that I use BB (moving average+standard deviation) only for trailing stop (identifying an exit point not an entry point).
Trading is the hardest way to make easy money...
  • #1,600
  • Oct 10, 2015 9:32am Oct 10, 2015 9:32am
MathTrader7 renkoChartCreator .1.4 You can not add to the chart.
Please excuse the bad English via Google Translate.
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