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Renko channel + Fast EMA = simple and profitable

  • #161
  • Nov 12, 2015 4:01am Nov 12, 2015 4:01am
Quoting asato
{quote} Which setting to use? fast MA (8,Linear Weighted,Close) or from screenshot ( default in EA )? {image}
The MA settings is for trend filter not fast moving average. The EA uses the default settings of Fast3MAs indicator.
Trading is the hardest way to make easy money...
  • #162
  • Nov 12, 2015 4:01am Nov 12, 2015 4:01am
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.
This is a Renko EA. Dont use it on a normal Chart bro
  • #163
  • Nov 12, 2015 4:07am Nov 12, 2015 4:07am
Quoting Hansi
{quote} This is a Renko EA. Dont use it on a normal Chart bro
Can you please tell me how to use it? In what chart? Thank you.
  • #164
  • Nov 12, 2015 4:14am Nov 12, 2015 4:14am
Quoting tejli007
{quote} Can you please tell me how to use it? In what chart? Thank you.
You must download the nongap Renkochart from Mathtrader7 (Post#68.)
Take it in the Expert Folder. Close the Metatrader and start it again. Now open a M1 Chart and take the Nongap Renko Chart from your Expert Folder in your Chart.
Now you open the Offline Chart(M2) . Load the Template...

Tadaaa
  • #165
  • Nov 12, 2015 4:47am Nov 12, 2015 4:47am
Quoting Hansi
{quote} You must download the nongap Renkochart from Mathtrader7 (Post#68.) Take it in the Expert Folder. Close the Metatrader and start it again. Now open a M1 Chart and take the Nongap Renko Chart from your Expert Folder in your Chart. Now you open the Offline Chart(M2) . Load the Template... Tadaaa
Thank you Sir. The problem is now it wont create every 2 min new chart. It stays in the same chart since 8 min. Is this normal?
  • #166
  • Nov 12, 2015 4:56am Nov 12, 2015 4:56am
Quoting tejli007
{quote} Thank you Sir. The problem is now it wont create every 2 min new chart. It stays in the same chart since 8 min. Is this normal?
Yes. Renkocharts base only on moves. Not on time. In Renko you see only the Pricemove.
  • #167
  • Nov 12, 2015 4:59am Nov 12, 2015 4:59am
Quoting Hansi
{quote} Yes. Renkocharts base only on moves. Not on time. In Renko you see only the Pricemove.
Ok thank you! Now where should I activate the Renko EA? In the 2 min chart or in the orginal m1 chart? Should I exit the M1 chart or not?
Hey thank you for your help, I hope I can get some money back,
  • #168
  • Nov 12, 2015 5:02am Nov 12, 2015 5:02am
Quoting tejli007
{quote} Ok thank you! Now where should I activate the Renko EA? In the 2 min chart or in the orginal m1 chart? Should I exit the M1 chart or not? Hey thank you for your help, I hope I can get some money back,
Take the EA in the M2 Chart. The M1 Chart you dont close. Minimize it.
  • #169
  • Nov 12, 2015 5:12am Nov 12, 2015 5:12am
Quoting Hansi
{quote} Take the EA in the M2 Chart. The M1 Chart you dont close. Minimize it.
Thank you! I hope this will work.
  • #170
  • Nov 12, 2015 7:22am Nov 12, 2015 7:22am
Quoting MathTrader7
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. {file} {file} {file}
Hi MathTrader7, great EA so far. Let it run through the London session and into the US session and has made about 100 pips profit, although I see some mistakes. In eurjpy, the EA took a sell... that was proper, next the EA should of taken a buy... instead it took another sell which got stopped out as you can see in the picture I attached. I also noticed it is doing this trading gold, trades the complete opposite direction then it should. Other then that, I see nothing wrong. Worked great and profitable, I'm letting it run till close of the week to see how it holds up.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
  • #171
  • Nov 12, 2015 7:41am Nov 12, 2015 7:41am
Quoting fxent.
{quote} Hi MathTrader7, great EA so far. Let it run through the London session and into the US session and has made about 100 pips profit, although I see some mistakes. In eurjpy, the EA took a sell... that was proper, next the EA should of taken a buy... instead it took another sell which got stopped out as you can see in the picture I attached. I also noticed it is doing this trading gold, trades the complete opposite direction then it should. Other then that, I see nothing wrong. Worked great and profitable, I'm letting it run till close of the...
Hi fxent,

There must be a bug in the EA that it opened a sell position there. I'll try to figure out why it happened, and I will release a new version. Do not trade live till we thoroughly test it!
Trading is the hardest way to make easy money...
  • #172
  • Nov 12, 2015 7:45am Nov 12, 2015 7:45am
Quoting MathTrader7
{quote} Hi fxent, There must be a bug in the EA that it opened a sell position there. I'll try to figure out why it happened, and I will release a new version. Do not trade live till we thoroughly test it!
of course! all demo right now, I also noticed it missed some trades as well on some pairs. I'm testing it on about 13 pairs at a time, trying to push it.
  • #173
  • Nov 12, 2015 8:39am Nov 12, 2015 8:39am
Quoting fxent.
{quote} of course! all demo right now, I also noticed it missed some trades as well on some pairs. I'm testing it on about 13 pairs at a time, trying to push it.
You're feedback could help me to detect bugs. Please keep posting the results and your observations. Thabks for your effort.
Trading is the hardest way to make easy money...
  • #174
  • Nov 12, 2015 9:29am Nov 12, 2015 9:29am
Hello Mathtrader7,

I am currently demoing this strategy on renko and so far I am really liking it, but if I may ask, is there a way to have an alert for the fastema, if possible please.

-Thanks
  • #175
  • Nov 12, 2015 9:52am Nov 12, 2015 9:52am
I had set up with 15 pairs with previous ver for yesterday, 2W 7L., some trades were begun at the close of 2nd candle.

Updated to ver1.15 12 hours ago, no trades are triggered.
  • #176
  • Edited 1:15pm Nov 12, 2015 10:06am | Edited 1:15pm
Quoting skyler
There are just 2 indicators, but looks how powerfull! I just using this 2 indicators Fast3MA and Renkostreet_channel http://s11.postimg.org/wxbhw53lv/Przechwytywanie.png post images 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. Its would be nice if somebody, for example MathTrader7 who is very smart programmed would make EA for it. Simple...
Both indicators repaint
  • #177
  • Nov 12, 2015 10:44am Nov 12, 2015 10:44am
Quoting fxent.
{quote} Hi MathTrader7, great EA so far. Let it run through the London session and into the US session and has made about 100 pips profit, although I see some mistakes. In eurjpy, the EA took a sell... that was proper, next the EA should of taken a buy... instead it took another sell which got stopped out as you can see in the picture I attached. I also noticed it is doing this trading gold, trades the complete opposite direction then it should. Other then that, I see nothing wrong. Worked great and profitable, I'm letting it run till close of the...
For myself in EJ took the short and afterwards the long possition as it should do. I have seen however that when I close manually a trade the ea opens a 2nd trade no matter the distance from the ma or the channel.
  • #178
  • Nov 12, 2015 10:58am Nov 12, 2015 10:58am
Quoting MathTrader7
{quote} Hi fxent, There must be a bug in the EA that it opened a sell position there. I'll try to figure out why it happened, and I will release a new version. Do not trade live till we thoroughly test it!
I think about delete fast EMA code. When we got bounce of channel and got reaction with 1 candle opposite direction close, its always cross this pbf_3EMA. Meybe lets run only on candle? Bounce and reversal direction candle cloed. Then take trade. The most important think its when leave from market? Meybe lets do +1 option? We will save a lot of opportunity, when market change direction in not our way. For example in screen. We have sometimes bounce reversal and +1 candle in our direction and market change again direction in opportunity way. If we take +1 option in EA its will always save and dont loss money. I upload code of EA what give +1 option, didnt test it, but check this code MathTrader, meybe could you add this function to EA.
Attached Image
Attached File(s)
File Type: mq4 Set SL to BE.mq4   2 KB | 914 downloads
  • #179
  • Nov 12, 2015 1:10pm Nov 12, 2015 1:10pm
Hello , I would like to enter an alert when the price hit the top or the bottom of the channel ?
  • #180
  • Nov 12, 2015 1:17pm Nov 12, 2015 1:17pm
Quoting skyler
{quote} I think about delete fast EMA code. When we got bounce of channel and got reaction with 1 candle opposite direction close, its always cross this pbf_3EMA. Meybe lets run only on candle? Bounce and reversal direction candle cloed. Then take trade. The most important think its when leave from market? Meybe lets do +1 option? We will save a lot of opportunity, when market change direction in not our way. For example in screen. We have sometimes bounce reversal and +1 candle in our direction and market change again direction in opportunity way....
So your saying if the second candle closes in opposite direction back across the ema, place a trade in that direction and close the losing trade?
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