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Attachments: Renko channel + Fast EMA = simple and profitable
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Renko channel + Fast EMA = simple and profitable

  • #141
  • Edited Nov 12, 2015 4:17am Nov 11, 2015 3:08pm | Edited Nov 12, 2015 4:17am
Here is Version 1.15 of the EA that additionally uses Fast3MAs indicator to enter trades.

Note: This EA only works on non-gap Renko charts. You can download the required Renko builder EA from here.
Attached File(s)
File Type: ex4 MathTrader7_RenkoStreetEA.ex4   129 KB | 1,889 downloads
File Type: ex4 RenkoStreetChannel.ex4   9 KB | 1,729 downloads
File Type: ex4 Fast3MAs.ex4   13 KB | 2,088 downloads
Trading is the hardest way to make easy money...
  • #142
  • Nov 11, 2015 3:31pm Nov 11, 2015 3:31pm
Thank you very much! Any suggested config?
  • #143
  • Nov 11, 2015 8:52pm Nov 11, 2015 8:52pm
Quoting zamanib
{quote} Says who -- It does repaint
Says Forex Smurf.
  • #144
  • Nov 11, 2015 9:12pm Nov 11, 2015 9:12pm
Hello Everyone,

Can anyone help me plz...I have placed the ea on renko offline m2 chart and its been more then 48 hours but its not opening the trade. Smiley face is there on right corner. Everything seems to be good but its not opening trade...i have removed offline chart tick from chart properties common tab...

plz guide me....

thanks
  • #145
  • Nov 11, 2015 9:17pm Nov 11, 2015 9:17pm
Quoting shg
Hello Everyone, Can anyone help me plz...I have placed the ea on renko offline m2 chart and its been more then 48 hours but its not opening the trade. Smiley face is there on right corner. Everything seems to be good but its not opening trade...i have removed offline chart tick from chart properties common tab... plz guide me.... thanks

you wouldn't by chance be running build 890 or later?
  • #146
  • Nov 12, 2015 12:22am Nov 12, 2015 12:22am
Quoting MathTrader7
Here is Version 1.15 of the EA that additionally uses Fast3MAs indicator to enter trades. {file} {file} {file}
HI MathTrader7, would you like to add an exit rule by opposite candle formed.
  • #147
  • Nov 12, 2015 12:37am Nov 12, 2015 12:37am
Quoting jangezkhan
{quote} you wouldn't by chance be running build 890 or later?
I dont get any trades either .I am running build 902.Why is this matter?
  • #148
  • Nov 12, 2015 12:40am Nov 12, 2015 12:40am
Quoting shg
Hello Everyone, Can anyone help me plz...I have placed the ea on renko offline m2 chart and its been more then 48 hours but its not opening the trade. Smiley face is there on right corner. Everything seems to be good but its not opening trade...i have removed offline chart tick from chart properties common tab... plz guide me.... thanks
see post 54, in order to run ea in offline charts (at least mathtrader7's offline ones) you need to uncheck offline chart in properties.
(read his instructions)
  • #149
  • Nov 12, 2015 12:44am Nov 12, 2015 12:44am
Hi,
Math trader 7
Would you like to set an exit rule in settings like you previous EA's?
Hope it will be better.

Like below image.
Attached Image
  • #150
  • Nov 12, 2015 1:30am Nov 12, 2015 1:30am
Quoting forex_dimi
{quote} see post 54, in order to run ea in offline charts (at least mathtrader7's offline ones) you need to uncheck offline chart in properties. (read his instructions)
forex_dimi, shg said he "removed offline chart tick"

the problem is the later builds of MT4 don't work with Mathtraders REnko EA properly - it's a little touch and go; sometimes it works, sometimes it doesn't
  • #151
  • Nov 12, 2015 1:54am Nov 12, 2015 1:54am
Quoting Anusragger
{quote} Says Forex Smurf.
It does repaint. However, the author made that perfectly clear in the first post - "Price channel repaint but it doesnt matter. It based on price action high and low, and if H/L got break its just reapint. For renko chart this is powerfull stuff. We need bounce of channel and react for fast EMA."
Best, Josh
  • #152
  • Nov 12, 2015 2:06am Nov 12, 2015 2:06am
Quoting forex_dimi
{quote} see post 54, in order to run ea in offline charts (at least mathtrader7's offline ones) you need to uncheck offline chart in properties. (read his instructions)
Thanks for that
Gravity goes both ways in forex...
  • #153
  • Nov 12, 2015 2:13am Nov 12, 2015 2:13am
thanks a million!
  • #154
  • Nov 12, 2015 2:19am Nov 12, 2015 2:19am
Quoting jangezkhan
{quote} forex_dimi, shg said he "removed offline chart tick" the problem is the later builds of MT4 don't work with Mathtraders REnko EA properly - it's a little touch and go; sometimes it works, sometimes it doesn't
ops, sorry , had open trade that time thus anxius, and didn't read the post properly.
  • #155
  • Nov 12, 2015 3:01am Nov 12, 2015 3:01am
Quoting MathTrader7
Here is Version 1.10 of the EA. In this version the EA additionally checks the price to be closed over/under a fast MA (8,Linear Weighted,Close) and the last closed Renko bar to be Bullish/Bearish in order to open a Buy/Sell position. A trailing stop function is also added. Note 1: The EA only works on non-gap Renko charts.​ {file}
Which setting to use?
fast MA (8,Linear Weighted,Close) or from screenshot ( default in EA )?
Attached Image
Let it be ...
  • #156
  • Nov 12, 2015 3:13am Nov 12, 2015 3:13am
Quoting JoshuaHope
{quote} It does repaint. However, the author made that perfectly clear in the first post - "Price channel repaint but it doesnt matter. It based on price action high and low, and if H/L got break its just reapint. For renko chart this is powerfull stuff. We need bounce of channel and react for fast EMA." Best, Josh
Yes, I read that too. Still doesn't repaint. You can see where the indicator has adjusted itself to the new high/low, based on the last 24 bars.
  • #157
  • Nov 12, 2015 3:38am Nov 12, 2015 3:38am
5 trades 5 fails. Not a good version.


http://s15.postimg.org/rcgto61x7/image.png

Maybe yo9u have missed something. Check the screenshot, normally in such candle goes SELL trade not call.
  • #158
  • Nov 12, 2015 3:46am Nov 12, 2015 3:46am
Quoting Anusragger
{quote} Yes, I read that too. Still doesn't repaint. You can see where the indicator has adjusted itself to the new high/low, based on the last 24 bars.
Well yes, you can separate blatant repaint from readjust, or re-position, but still isn't the effect the same in terms of a trade signal?
Best, Josh
  • #159
  • Nov 12, 2015 3:59am Nov 12, 2015 3:59am
Quoting JoshuaHope
{quote} Well yes, you can separate blatant repaint from readjust, or re-position, but still isn't the effect the same in terms of a trade signal? Best, Josh
If you consider the high/low of the last 24 bars as a reversal signal, yes.
  • #160
  • Nov 12, 2015 3:59am Nov 12, 2015 3:59am
Quoting tejli007
5 trades 5 fails. Not a good version. http://s15.postimg.org/rcgto61x7/image.png Maybe yo9u have missed something. Check the screenshot, normally in such candle goes SELL trade not call.
Use it on Renko charts. There is no guarantee that this strategy is profitable. Test it on demo accounts first.
Trading is the hardest way to make easy money...
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