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Renko Trading Discussion

  • #21
  • Oct 21, 2015 3:21am Oct 21, 2015 3:21am
Quoting tapyoung
Owh.. Sorry yes the Arrow is repaint.. just forget it. maybe too good to be true. sorry.. Thanks
I developed a basic EA to test this idea. You can find it in Post 1. Here is a backtest result:
Attached Image (click to enlarge)
Click to Enlarge Name: BT.png Size: 45 KB
Trading is the hardest way to make easy money...
  • #22
  • Edited 3:21pm Oct 21, 2015 3:11pm | Edited 3:21pm
Here is a trading idea based on HA Smoothed and Super Trend on Renko charts.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM6.png Size: 34 KB
Trading is the hardest way to make easy money...
  • #23
  • Oct 21, 2015 3:28pm Oct 21, 2015 3:28pm
it's almost hypnotic to look at..... If only trading were that easy
Gravity goes both ways in forex...
  • #24
  • Oct 21, 2015 3:39pm Oct 21, 2015 3:39pm
Quoting max pips
it's almost hypnotic to look at..... If only trading were that easy
Totaly agree with you!
Trading is the hardest way to make easy money...
  • #25
  • Oct 22, 2015 7:53am Oct 22, 2015 7:53am
Quoting MathTrader7
Here is a trading idea based on HA Smoothed and Super Trend on Renko charts. {image}
Looks nice and efficient! I am going to test it live.
Would you please share your settings the indies. ( where did you downloaded the Super Trend from? )

Best,
archishard
  • #26
  • Oct 22, 2015 11:02am Oct 22, 2015 11:02am
Quoting archishard
{quote} Looks nice and efficient! I am going to test it live. Would you please share your settings the indies. ( where did you downloaded the Super Trend from? ) Best, archishard
Here are the indicators attached.
Attached File(s)
File Type: ex4 Renko_Heiken_Ashi_Smoothed.ex4   10 KB | 2,391 downloads
File Type: ex4 Renko_SuperTrend.ex4   14 KB | 2,565 downloads
Trading is the hardest way to make easy money...
  • #27
  • Oct 23, 2015 4:04am Oct 23, 2015 4:04am
Quoting MathTrader7
{quote} Here are the indicators attached. {file} {file}


Please i tried talking about the an adjustment concerning the EA, and no reply from you
so any hope should we still expect it Mr MarthTrader7 ?
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #28
  • Oct 23, 2015 6:46am Oct 23, 2015 6:46am
Hey Math

Do you have a renko chart that allows the block size to change depending on current market conditions. Big blocks for trending markets. Small for ranging?
Ta
Max
Gravity goes both ways in forex...
  • #29
  • Oct 23, 2015 12:56pm Oct 23, 2015 12:56pm
Quoting MathTrader7
{quote} Here are the indicators attached. {file} {file}
thanks MathTrader for the indicators ;
does Renko HA indicator repaint?

thanks again
  • #30
  • Oct 24, 2015 1:59am Oct 24, 2015 1:59am
I quite like the looks of this Renko. The one I use changes block size with ATR but only once. This changes constantly. I wonder if ATR is the best though or should the block size change with the hourly range?
http://www2.wealth-lab.com/WL5Wiki/CCFlexRenko.ashx


Max
Gravity goes both ways in forex...
  • #31
  • Oct 24, 2015 3:54am Oct 24, 2015 3:54am
MathTrader you doing amazing work. I have nice strategy for renko. This threat is for update any suggestion and you could make EA for it? I would like to know, if you would like to create EA for this

And whats you think about your latest EA from http://www.forexfactory.com/showthread.php?t=531783 ?

Its profitable? Give money?
  • #32
  • Oct 24, 2015 11:00am Oct 24, 2015 11:00am
Quoting MathTrader7
Here is a trading idea based on HA Smoothed and Super Trend on Renko charts. {image}
hello mr MathTrader
i wanna ask about the buy and sell rolls
just going with the arrows ?
  • #33
  • Oct 24, 2015 2:03pm Oct 24, 2015 2:03pm
Hi Math Trader would you like to make a indicator that gives alert when opposite renko brick has formed.
  • #34
  • Oct 24, 2015 2:32pm Oct 24, 2015 2:32pm
Quoting skyler
1) I have nice strategy for renko. This threat is for update any suggestion and you could make EA for it?I would like to know, if you would like to create EA for this?
2) And whats you think about your latest EA from http://www.forexfactory.com/showthread.php?t=531783 ? Its profitable? Give money?
1) Please share your strategy with us here. I evaluate the strategy first, and then I may create an EA to back test the idea.
2) I stopped forward testing that EA. However, I think it is profitable in long run but one has to accept draw downs for a while...
Trading is the hardest way to make easy money...
  • #35
  • Oct 24, 2015 2:33pm Oct 24, 2015 2:33pm
Quoting max pips
I quite like the looks of this Renko. The one I use changes block size with ATR but only once. This changes constantly. I wonder if ATR is the best though or should the block size change with the hourly range? http://www2.wealth-lab.com/WL5Wiki/CCFlexRenko.ashx Max
Not yet! But I always had it in my mind. I really don't know whether such Renko chart would be better to predict the price?
Trading is the hardest way to make easy money...
  • #36
  • Oct 24, 2015 2:35pm Oct 24, 2015 2:35pm
Quoting ollaya
{quote} thanks MathTrader for the indicators ; does Renko HA indicator repaint? thanks again
Renko HA doesn't repaint, but Renko Super Trend seems to repaint. I am looking for a replacement for the Super Trend indicator...
Trading is the hardest way to make easy money...
  • #37
  • Oct 24, 2015 2:38pm Oct 24, 2015 2:38pm
Quoting martinez1
{quote} Please i tried talking about the an adjustment concerning the EA, and no reply from you so any hope should we still expect it Mr MarthTrader7 ?
One of older versions of MathTrader7_RenkoEA can do what you have in your mind. Visit the thread "Lets Automate a Simple Renko Strategy!", and click on attachment clip on top right side of the thread where you can find a list of attachments to the thread.
Trading is the hardest way to make easy money...
  • #38
  • Edited Oct 25, 2015 4:04am Oct 24, 2015 3:37pm | Edited Oct 25, 2015 4:04am
Quoting saiffx
Hi Math Trader would you like to make a indicator that gives alert when opposite renko brick has formed.
Here is Version 1.00 of such indicator which brings up an Alert window when an opposite Renko bar forms. It additionally shows cumulative of Renko bars with the same direction.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM10.png Size: 41 KB
Attached File(s)
File Type: ex4 MathTrader7_RenkoChangeAlertIN.ex4   109 KB | 1,440 downloads


Note: This indicator works on non-gap Renko charts only.
Trading is the hardest way to make easy money...
  • #39
  • Oct 24, 2015 3:43pm Oct 24, 2015 3:43pm
http://s11.postimg.org/ezl7o0ubn/image.png
http://s11.postimg.org/9couqjrsz/121...10411056_o.jpg

image hosting over 10mb


Rules: renko 10 pips

Buy:
1.Candle need to be green and above close MA
2. The best signal is if renko bounce of channel and reversal
3. We need to confirm green renko street trend and MACD
Sell:
Everything same but need to be red

TP. Its close to channel line something about 10 pips before or when candle reversal and change colour
SL 20-30 pips
Trailing Stop 20-30 pips


Whats you think its possible to make EA? Would be great
Attached File(s)
File Type: rar Renko for EA.rar   297 KB | 1,539 downloads
  • #40
  • Oct 24, 2015 7:11pm Oct 24, 2015 7:11pm
just wanna share this here , i found this method on mql5.com while i was looking for a way to backtest renko chart. i did not verify if this is accurate or not ;


"
In external params add the following line:
extern int TimeFrame = 2; // if you use M2 offline chart

For indicators use the following (for example RSI):
myRSI = iRSI(Symbol(), TimeFrame, RSIPeriod, PRICE_CLOSE, 0);

In strategy tester select M1 timeframe. All your indies get values from M2 offline chart, however you backtest on M1. "


please try it and share your experience here
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