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Renko channel + Fast EMA = simple and profitable

  • #521
  • Edited 11:14am Nov 26, 2015 10:52am | Edited 11:14am
Quoting Giannigr
{quote} The Offline chart have to be checked before you restart

Ok, thanks guy
Now I'm working with 2 profiles

regards
  • #522
  • Nov 26, 2015 12:29pm Nov 26, 2015 12:29pm
Works perfect. My demo on IC and FXCM ar up 2% since sunday evening. Everything default, 9 pairs. Thinking of when to stop trades on friday, close trade before trade stop or let it be.
2%/week is 180% up/year. Lets see after 1 month.
Best
  • #523
  • Nov 26, 2015 2:30pm Nov 26, 2015 2:30pm
Got as far as creating three offline charts and my pc ground to a halt.
  • #524
  • Nov 26, 2015 2:53pm Nov 26, 2015 2:53pm
Hi Math, would it make sense to add EA options that allows for using standard MT4 indicators like ADX, and standard MT4 indicators for filters like stochastic, EMA like the image below?

Attached Image (click to enlarge)
Click to Enlarge Name: renko.png Size: 92 KB
  • #525
  • Nov 26, 2015 3:59pm Nov 26, 2015 3:59pm
Quoting t3ch
Hi Math, would it make sense to add EA options that allows for using standard MT4 indicators like ADX, and standard MT4 indicators for filters like stochastic, EMA like the image below? {image}
The first version of an EA that trades based on ADX signals on non-gap Renko charts can be downloaded from here.
Attached Image (click to enlarge)
Click to Enlarge Name: BT.png Size: 43 KB
Trading is the hardest way to make easy money...
  • #526
  • Nov 26, 2015 4:00pm Nov 26, 2015 4:00pm
Quoting t3ch
Hi Math, would it make sense to add EA options that allows for using standard MT4 indicators like ADX, and standard MT4 indicators for filters like stochastic, EMA like the image below? {image}
Hey t3chm

could you tell me how much is the value of that brick?

And in which TF you are generating that renko?

Which is that MA?

Thanks!
  • #527
  • Nov 26, 2015 4:27pm Nov 26, 2015 4:27pm
Quoting MathTrader7
{quote} The first version of an EA that trades based on ADX signals on non-gap Renko charts can be downloaded from here. {image}
Is the ADX one better or just the Simple Normal which one would be more profitable with less loss.
  • #528
  • Nov 26, 2015 4:51pm Nov 26, 2015 4:51pm
Quoting Art5
{quote} Hey t3chm could you tell me how much is the value of that brick? And in which TF you are generating that renko? Which is that MA? Thanks!
I found that chart here: http://forexholygrailbot.com/tag/best-renko-adx/
  • #529
  • Nov 26, 2015 5:18pm Nov 26, 2015 5:18pm
Quoting MathTrader7
{quote} The first version of an EA that trades based on ADX signals on non-gap Renko charts can be downloaded from here. {image}
Thanks Math. The backtests for RenkoADX have good average profit for winning trades vs loss trades. Have you tried using any filter(like Moving Average) as seen below to reduce the amount of losing trades:

Attached Image (click to enlarge)
Click to Enlarge Name: renko.png Size: 92 KB
  • #530
  • Nov 26, 2015 5:22pm Nov 26, 2015 5:22pm
Quoting t3ch
{quote} Thanks Math. The backtests for RenkoADX have good average profit for winning trades vs loss trades. Have you tried using any filter(like Moving Average) as seen below to reduce the amount of losing trades: {image}
No, I didn't try to additionally filter ADX signals with a moving average. I may do it in the next version...
Trading is the hardest way to make easy money...
  • #531
  • Nov 26, 2015 5:39pm Nov 26, 2015 5:39pm
can someone teach me how to run or apply renko chart guys ?
  • #532
  • Nov 26, 2015 5:50pm Nov 26, 2015 5:50pm
Elovv which setup are you using?

Quoting Elovv
Works perfect. My demo on IC and FXCM ar up 2% since sunday evening. Everything default, 9 pairs. Thinking of when to stop trades on friday, close trade before trade stop or let it be. 2%/week is 180% up/year. Lets see after 1 month. Best
  • #533
  • Nov 26, 2015 5:50pm Nov 26, 2015 5:50pm
Quoting Imka
can someone teach me how to run or apply renko chart guys ?
Inserted Video
Trade with 60
  • #534
  • Nov 26, 2015 6:22pm Nov 26, 2015 6:22pm
Quoting Elovv
Works perfect. My demo on IC and FXCM ar up 2% since sunday evening. Everything default, 9 pairs. Thinking of when to stop trades on friday, close trade before trade stop or let it be. 2%/week is 180% up/year. Lets see after 1 month. Best
That's pretty good Elovv. What pairs and which version of the EA?
  • #535
  • Nov 26, 2015 11:44pm Nov 26, 2015 11:44pm
EA Ver 1.70 EU, GU, UJ, AU, EJ, GJ, UCHF and UCAD 8 pairs (said 9 before) everything default.
  • #536
  • Nov 27, 2015 1:20am Nov 27, 2015 1:20am
Hi mate,
Some of us asked me in PM box about entry and exit rules of my Renko trading system.

This PDF manual for those RENKO lovers.

Thanking you,



saiffx
Attached File(s)
File Type: pdf Saiffx system user manual.pdf   305 KB | 4,600 downloads
File Type: ex4 HalfTrend-1.02.ex4   18 KB | 1,372 downloads
  • #537
  • Nov 27, 2015 3:40am Nov 27, 2015 3:40am
Quoting zamanib
What a F waste this - will never work -- Take away all the BS indicator - Trade naked -- I wish we use our mind wisely and not to piggy back on useless EA and repainting crap There are 3 millions indicator all fails -- Guy you need to make system with logic ( where are all the programmer guru computer ones I mean) - this is 2015 -- Stop waste time with obsolete stuff -- Note: Mark my words -- this will all fails and come to dead end very soon. I know this will piss most of you guys off -- but its the facts
Gotta love PA heroes. They surely can talk the talk but I have yet to see a single one of them walking the walk. All those legends about how PA is the most profitable way to trade never cease to amuse me. PA trading has it's fair share of gurus, claiming to make a living by trading the charts naked. I for one, prefer to have an objective way to enter a trade. Both indicators and PA can be profitable, as it comes down to MM in the end. I don't see why would anybody start bashing the thread.

Anyway, I'll set up the system during the weekend, it's always nice to broaden my horizon. Thanks to the OP for sharing.

Regards
Balazs
Invincibility lies in the defence; the possibility of victory in the attack
  • #538
  • Nov 27, 2015 6:50am Nov 27, 2015 6:50am
Quoting saiffx
{quote} Hi mate, All settings is same. I use 50 Point brick and 2 mn offline chart. Off course i use daily chart where i place Nongap CC EA. It helps me to to take decision slowly but smoothly. Then I use Renko channel, Renko trend, Trend session, Nihilist holygrail, Nihilist ultra trend v2, Nihilist Ultra ADX to enter and exit from the market. Nothing else. If anyone want can make easily. Thank you and MT7
Hello Saiffx,

but if you apply renko to a Daily chart then the renko candles will repaint itself after the close of each daily candle. Is it rigth or am I wrong?

Regards
  • #539
  • Nov 27, 2015 7:24am Nov 27, 2015 7:24am
Quoting saiffx
Hi mate, Some of us asked me in PM box about entry and exit rules of my Renko trading system. This PDF manual for those RENKO lovers. Thanking you, saiffx {image} {file}
Is Half trend set to defaults or?
Trade with 60
  • #540
  • Nov 27, 2015 8:10am Nov 27, 2015 8:10am
Quoting kumetto
{quote} Is Half trend set to defaults or?
Hi mate,
From where I collect half trend-1.02 they suggest to use default setting and they also said it's a Non repainting indicator.
Though I don't believe any indicator.
Just use indicator for clue................only.

But I believe following all the rule of manual can brings good result.

Yea I use default setting for half trend-1.02.

Thanks..........
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