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Renko Trading Discussion

  • #61
  • Oct 30, 2015 5:41am Oct 30, 2015 5:41am
Hey MathTrader7 i found EA for my system, could you test it how work? My system its 90% copy of this system:

http://www.forexfactory.com/showthread.php?t=237979 - look at it bro


EA its for that system from link above, my system is same, coz i just add only channel and trend from renko street but it doesnt matter, coz the biggest entry rules are from this system heiken ashi.

Lets know its give money, and thanks for any tips and tests. I love you bro, i found finally man who like renko like me, lets perfect automate this idea
Attached File(s)
File Type: rar Renko Ashi System 2 EA.rar   57 KB | 1,170 downloads
  • #62
  • Oct 31, 2015 8:09am Oct 31, 2015 8:09am
I have been trading with renko. I have recently found the regression channels very useful.

I bet that the following strategy will make a good EA for renko chart based.
https://www.mql5.com/en/code/8417
Attached Image
  • #63
  • Oct 31, 2015 8:47am Oct 31, 2015 8:47am
Quoting archishard
I have been trading with renko. I have recently found the regression channels very useful. I bet that the following strategy will make a good EA for renko chart based. https://www.mql5.com/en/code/8417 {image}
The regression channel repaints. The buy signal you see on above chart is the result of intersection between the lower band of the channel and the price action, however, that intersection happens at the point on the chart that you has labeled as take profit.. it is TOO late...
Trading is the hardest way to make easy money...
  • #64
  • Oct 31, 2015 9:19am Oct 31, 2015 9:19am
Math would you do test with diagram of balance account with this heiken ashi EA? And what you think about that?
  • #65
  • Oct 31, 2015 9:30am Oct 31, 2015 9:30am
Quoting skyler
Math would you do test with diagram of balance account with this heiken ashi EA? And what you think about that?
The EA needs the following indicators:
smC4Scalper Candles_v3.1
MA in Color_wAppliedPrice (This indicator is not in the attached Zip file to Post 39)
MACD Alert
Trading is the hardest way to make easy money...
  • #66
  • Oct 31, 2015 10:41am Oct 31, 2015 10:41am
Quoting MathTrader7
{quote} The EA needs the following indicators: smC4Scalper Candles_v3.1 MA in Color_wAppliedPrice (This indicator is not in the attached Zip file to Post 39) MACD Alert

Ohh sorry you right. Here is template. This EA is for this:
My template is same strategy like this, but just add channel.

Check this bro
Attached File(s)
File Type: rar Renko Ashi Trading System 2.rar   612 KB | 1,404 downloads
  • #67
  • Oct 31, 2015 2:21pm Oct 31, 2015 2:21pm
Quoting skyler
{quote} Ohh sorry you right. Here is template. This EA is for this: My template is same strategy like this, but just add channel. Check this bro {file}
Here is the backtest results. The EA uses a grid strategy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Renko_HAS_Test0_M1.png Size: 57 KB
Click to Enlarge Name: EURUSD_Renko_HAS_Test_M1.png Size: 64 KB
Click to Enlarge Name: EURUSD_Renko_HAS_Test2_M1.png Size: 51 KB
Trading is the hardest way to make easy money...
  • #68
  • Nov 1, 2015 5:10am Nov 1, 2015 5:10am
Quoting MathTrader7
{quote} Here is the backtest results. The EA uses a grid strategy. {image} {image} {image}
But you did for M1 chart backtest? We need backtest for renko chart
  • #69
  • Nov 1, 2015 5:13am Nov 1, 2015 5:13am
Quoting skyler
{quote} But you did for M1 chart backtest? We need backtest for renko chart
The back test is on EURUSD 10 pips Renko chart, not M1 chart.

There is no original implementation of testing Renko charts in MT4, so we create Renko history and save it in an M1 HST file, where we will be able to use the MT strategy tester to back test a Renko EA.
Trading is the hardest way to make easy money...
  • #70
  • Nov 1, 2015 6:59am Nov 1, 2015 6:59am
Quoting MathTrader7
{quote} The back test is on EURUSD 10 pips Renko chart, not M1 chart. There is no original implementation of testing Renko charts in MT4, so we create Renko history and save it in an M1 HST file, where we will be able to use the MT strategy tester to back test a Renko EA.
Dear MT7 can u send me the stuf or any link. Of testing Renko in MT4 Strategy tester.Regards. Shaik
Every Good Things Starts With "Bismillah"
  • #71
  • Nov 1, 2015 3:38pm Nov 1, 2015 3:38pm
Quoting ghoussse
{quote} Dear MT7 can u send me the stuf or any link. Of testing Renko in MT4 Strategy tester.Regards. Shaik
You can start from here.
Trading is the hardest way to make easy money...
  • #72
  • Nov 1, 2015 6:25pm Nov 1, 2015 6:25pm
Hmm MathTrader, so in your opinion whats the best EA for renko at this moment?
  • #73
  • Nov 2, 2015 1:04am Nov 2, 2015 1:04am
I am thinking of a moving average, 8 or 12. To determinate the entry and to go for two bricks or either exit at the RSI levels.
Please see the chart below. Found in this forum.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-fri.jpg Size: 31 KB
  • #74
  • Nov 2, 2015 4:18am Nov 2, 2015 4:18am
Quoting archishard
I am thinking of a moving average, 8 or 12. To determinate the entry and to go for two bricks or either exit at the RSI levels. Please see the chart below. Found in this forum. {image}
Indeed, I strongly believe that the moving averages on Renko charts work the best. However, a MA (or multiple MA) is not enough to be profitable in this market. We need more than that...
Trading is the hardest way to make easy money...
  • #75
  • Nov 2, 2015 10:23am Nov 2, 2015 10:23am
Quoting MathTrader7
{quote} Indeed, I strongly believe that the moving averages on Renko charts work the best. However, a MA (or multiple MA) is not enough to be profitable in this market. We need more than that...
I have been looking around, found this post:
http://www.forexfactory.com/showthre...44#post4474544

The crossover alert might be useful to trigger the TP onto the EA?...
  • #76
  • Nov 3, 2015 9:22am Nov 3, 2015 9:22am
I have attached Mathtrader EA 2.99 in about 6 pair but when the EA open a trade in one pair It doesn't open another pair trade even getting the trade setup.
  • #77
  • Nov 3, 2015 2:21pm Nov 3, 2015 2:21pm
Hey i looking simple EA or script what close my trade after 1 renko bar change direction. Is there somebody know that? Stuff for manual trading - auto close position when renko bar change direction, but thi direction candle need to close so trailing stop wont work good
  • #78
  • Nov 3, 2015 3:14pm Nov 3, 2015 3:14pm
Hey MathTrader7, could you check it?

http://www.forexfactory.com/showthre...89#post8573389
  • #79
  • Nov 3, 2015 3:26pm Nov 3, 2015 3:26pm
Quoting skyler
Hey MathTrader7, could you check it? http://www.forexfactory.com/showthre...89#post8573389
I'm reading your thread. Please edit your Post 1 and try to write Entry/Exit rules more clearly. I'll test the indicators in backtest to see how they would perform.
Trading is the hardest way to make easy money...
  • #80
  • Nov 3, 2015 5:17pm Nov 3, 2015 5:17pm
Here is a backtest of MathTrader7_RenkoMA_EA 1.00. The EA is based on a simple moving average change direction and a slow moving average as trend filter.
You can download the EA from Post 1.
Attached Image (click to enlarge)
Click to Enlarge Name: MathTrader7_RenkoMA_EA_BT01.png Size: 47 KB
Trading is the hardest way to make easy money...
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