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Renko channel + Fast EMA = simple and profitable

  • #421
  • Nov 20, 2015 2:55am Nov 20, 2015 2:55am
Quoting MathTrader7
{quote} You set Free margin to zero! Set it to 5. And you don't have to set other settings to zero.
Hi Math can you please point me in the right direction here.

If I want the EA to open a trade based on my equity of $10 000 (example) with a 10pip stop. This implies that the EA will open a trade with 1 lot size. But in the EA you specify also a lot size of 0.1 lots. So what setting will the EA use? Surely I should then enter a 0 for "Fixed Lot Size" and similiarly a 0 zero for the others. Or does the EA select which value is the greatest based on your equity?

Anyway I will change the Free Margin to 5% and see what happens.
  • #422
  • Nov 20, 2015 3:22am Nov 20, 2015 3:22am
Quoting eckbertg
{quote} Hi Math can you please point me in the right direction here. If I want the EA to open a trade based on my equity of $10 000 (example) with a 10pip stop. This implies that the EA will open a trade with 1 lot size. But in the EA you specify also a lot size of 0.1 lots. So what setting will the EA use? Surely I should then enter a 0 for "Fixed Lot Size" and similiarly a 0 zero for the others. Or does the EA select which value is the greatest based on your equity? Anyway I will change the Free Margin to 5% and see what happens.
You select lot size calculation mode in the input settings of the EA (Lot Size Mode). If it is set to, for example, Free Margin %, then the EA only uses the value you set for the input setting Free Margin %. So, you don't have to set other inputs (Fixed Lot Size, Fixed Money and Balance %) to zero.

Quoting eckbertg
{quote} Hi MathTrader, if I uncheck the "Offline Chart" then the chart reverts back to a chart with the same time frame as the one where the Chart Creator EA was installed. When I close the platform and open it again, The Chart Creator EA is not there anymore and the MR offline chart is now a standard hourly chart. I am experiencing this on the FXDD build 902 platform. I am also running the IC Market Build 910 on a number of charts. The "Offline Chart" box is checked and I do not experience any problems. The only problem I have is that I cannot...
The best way of trading with any EA, especially for Renko EAs, is to have them running on a VPS.
Trading is the hardest way to make easy money...
  • #423
  • Nov 20, 2015 3:25am Nov 20, 2015 3:25am
Quoting Zanato
Hi, i tried the EA for overnight... after i wake up and notice that... it only work my EU and UJ pair.. i see other pair currency already bounce back / MA crossed but it won't open position.. and also my chart having some problem... {image} any idea?
You need to load more M1 history data. See this post.
Trading is the hardest way to make easy money...
  • #424
  • Nov 20, 2015 3:26am Nov 20, 2015 3:26am
Quoting MathTrader7
{quote} You select lot size calculation mode in the input settings of the EA (Lot Size Mode). If it is set to, for example, Free Margin %, then the EA only uses the value you set for the input setting Free Margin %. So, you don't have to set other inputs (Fixed Lot Size, Fixed Money and Balance %) to zero. {quote} The best way of trading with any EA, especially for Renko EAs, is to have them running on a VPS.
Sorry I somehow missed that input field. My blond moment for the day . Now everything makes sense
  • #425
  • Nov 20, 2015 3:28am Nov 20, 2015 3:28am
Quoting MathTrader7
{quote} You need to load more M1 history data. See this post.
I'll try later and let you know againHow bout the other pair that won't auto open position? Still same only work for EU / UJ till now... thanks you so much bring the good stuff
  • #426
  • Nov 20, 2015 3:43am Nov 20, 2015 3:43am
Hi MathTrader,

I have another question:
"Initial Profit to Move SL" the default setting is 100. Am I correct in assuming that once your position is 10 pips in profit, then the trailing stop starts to work. In the default setting the Stop loss would then be 5 pips below? So if I increase the Initial Profit to 40 pips and make the trailing stop 40 pips then when the trade is on profit by 40 pips the trailing stop is at break even and then work itself up progressively as the profit increases??

Lastly what is the setting if I want to move the stop to break even after XXpips but have no trailing stop.
  • #427
  • Edited 5:33am Nov 20, 2015 4:13am | Edited 5:33am
Quoting eckbertg
Hi MathTrader, I have another question: "Initial Profit to Move SL" the default setting is 100. Am I correct in assuming that once your position is 10 pips in profit, then the trailing stop starts to work. In the default setting the Stop loss would then be 5 pips below? So if I increase the Initial Profit to 40 pips and make the trailing stop 40 pips then when the trade is on profit by 40 pips the trailing stop is at break even and then work itself up progressively as the profit increases?? Lastly what is the setting if I want to move the...
It is correct.
Breakeven-only function has not been implemented. The EA trails the stop loss according to the input settings.
Trading is the hardest way to make easy money...
  • #428
  • Nov 20, 2015 4:19am Nov 20, 2015 4:19am
Quoting MathTrader7
{quote} It is correct. Breakeven-only function has not been implemented. The EA trails the stop loss according the input settings.
Ha at least I see that there is light at the end of the tunnel. Ok sofar it seems that everything is working on Build 910 on IC Market. Will keep you posted.
  • #429
  • Nov 20, 2015 4:54am Nov 20, 2015 4:54am
Quoting Zanato
{quote} I'll try later and let you know againHow bout the other pair that won't auto open position? Still same only work for EU / UJ till now... thanks you so much bring the good stuff
Have you unchecked "Offline chart" option of those Renko charts?
Trading is the hardest way to make easy money...
  • #430
  • Nov 20, 2015 5:20am Nov 20, 2015 5:20am
Quoting MathTrader7
{quote} Have you unchecked "Offine chart" option on Renko charts?
I unchecked the offline chart box and now the EA is opening trades and made a profitable trade overnight.

I will add more pairs onto the VPS and let it run.
  • #431
  • Nov 20, 2015 5:23am Nov 20, 2015 5:23am
Quoting mpradeep
It takes lot of memory. My mt4 chart hangs, than i have to close and open again. How to solve this? Anyone has better idea
Hi, Newby here.
First, Many thanks to Mathtrader7.
I have just managed to get this up and running on 4 pairs, and im having the similar problem as mpradeep, the mt4 running this uses 30 to 40% of cpu
compared to my other mt4's that only run between 0.5 to 5%, any ideas?
  • #432
  • Nov 20, 2015 6:29am Nov 20, 2015 6:29am
Quoting kjg
{quote} Hi, Newby here. First, Many thanks to Mathtrader7. I have just managed to get this up and running on 4 pairs, and im having the similar problem as mpradeep, the mt4 running this uses 30 to 40% of cpu compared to my other mt4's that only run between 0.5 to 5%, any ideas?
Hi kjg, there must something else wrong.

On the IC platform I have 12 Renko charts open and on my Capital Index I have 6 Renko and 6 standard time charts.
Attached Image (click to enlarge)
Click to Enlarge Name: Task Manager.png Size: 40 KB
  • #433
  • Nov 20, 2015 6:32am Nov 20, 2015 6:32am
Hi MathTrader, thought I need to post an update. A winning trade on the GBPUSD. This trade was taken on demo, IC Market platform build 910. I have loaded 12 different charts on the platform and will monitor them.

My live account is also running on Build 910 now.

One last question, can you explain how the entries and exits are done. Exits if the TP is set to 0.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Winning Trade.png Size: 65 KB
  • #434
  • Nov 20, 2015 7:10am Nov 20, 2015 7:10am
Here is Version 1.70 of the EA. In this version the problem of high CPU usage is solved.

Note 1: This EA only works with non-gap Renko charts. You can download the required Renko builder EA from here.
Note 2: This version is compiled and tested with MT4 build 910.
Note 3: in order to let the EA work on Renko charts, you have to uncheck "Offline chart" option of the Renko charts.

How to install this EA on your MetaTrader4 Platform
For newbies, here is a video on youtube that shows how to install any EA on MetaTrader 4 platform in 5 easy steps
Attached File(s)
File Type: ex4 MathTrader7_RenkoStreetEA.ex4   67 KB | 2,107 downloads
Trading is the hardest way to make easy money...
  • #435
  • Nov 20, 2015 7:15am Nov 20, 2015 7:15am
Quoting MathTrader7
Here is Version 1.70 of the EA. In this version the problem of high CPU usage is solved. Note 1: This EA only works with non-gap Renko charts. You can download the required Renko builder EA from here. Note 2: This version is compiled and tested with MT4 build 910. How to install this EA on your MetaTrader4 Platform For newbies, here is a video on youtube that shows how to install any EA on MetaTrader 4 platform in...
Have and thanks... Is always necessary unckeck offline charts option? Regards
  • #436
  • Nov 20, 2015 7:18am Nov 20, 2015 7:18am
Quoting cescof
{quote} Have and thanks... Is always necessary unckeck offline charts option? Regards
Yes, it is necessary.
Trading is the hardest way to make easy money...
  • #437
  • Nov 20, 2015 7:49am Nov 20, 2015 7:49am
I don't know why, but when I drag the EA to the chart renko M2 chart nothing happen.
"In God we trust."
  • #438
  • Nov 20, 2015 7:59am Nov 20, 2015 7:59am
Thank you mathtrader, cpu problem solved.
  • #439
  • Nov 20, 2015 8:06am Nov 20, 2015 8:06am
can someone tell me me, what is the best broker and what is the best pair for Renko EA trading..
  • #440
  • Nov 20, 2015 8:08am Nov 20, 2015 8:08am
Quoting MathTrader7
{quote} Have you unchecked "Offline chart" option of those Renko charts?
yup.. disable d * i try again... see work or not

i tried with your lastest EA but seems like more laggy on my MT4

and also how do i check my MT4 version ya?
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