Renko channel + Fast EMA = simple and profitable | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple RSI & EMA high Profitable ratio Strategy 98 replies

rocky reboot: revisiting rockypoint's renko HA with ema method 156 replies

RENKO Trading SYSTEM - RENKO Indicators 7 replies

Please recommend an accurate and fast Renko generator 0 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

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

Renko channel + Fast EMA = simple and profitable

  • #541
  • Nov 27, 2015 8:14am Nov 27, 2015 8:14am
Hi mates,

Somebody love Pivot indicator in their trading.

Renko lovers can use this indicator in RENKO CHART.
Attached File(s)
File Type: ex4 RenkoStreet_PV.ex4   40 KB | 1,384 downloads
  • #542
  • Nov 27, 2015 8:38am Nov 27, 2015 8:38am
Quoting kumetto
{quote} https://www.youtube.com/watch?featur...&v=3F-DuUV6oVQ
thank you a lot my friend
  • #543
  • Nov 27, 2015 8:53am Nov 27, 2015 8:53am
Quoting jtrujillo
{quote} 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

Hi mate,
You are right. If anyone close metatrader platform at any time Renko chart always re-arrange bricks and its trend.

But We just follow its visual chart.

Nothing is magic in Forex market we all know. We have to overcome through our knowledge and experience.

Price always show its character (up and down) but we have to enter the market in right time and also exit in right time.

Discipline, patience and money management is the key we all know.

Off course we use stop loss in each entry.

Thanks.
  • #544
  • Nov 27, 2015 5:40pm Nov 27, 2015 5:40pm
MathTrader7, any chance you get us a tip how to backtest it?
Normally i create "fake" server and Renko chart in standard time frame (5min) to use for backtesting but this time tester still screams for "Please attach the EA to a non-gap Renko chart!"

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 26 KB


i see you backtest in 1min chart with control points method. How do you do it?
Thanks
  • #545
  • Nov 28, 2015 10:17am Nov 28, 2015 10:17am
nevermind, i made it
Poor modeling quality due to 1m used instead of ticks.
Good thing is that backtest overlaps with 1 week forward test, EURUSD opened at the same time with the same results.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 110 KB


I'll play a bit with optimization
  • #546
  • Nov 28, 2015 3:44pm Nov 28, 2015 3:44pm
Quoting saiffx
I never trade with EA. I trade manually I use Mathtrader Chart creator EA and some Indicator for clue. Here is my template in renko chart. {image}
will be good if you show entries and exits in live trades to facilitate understanding of your method
  • #547
  • Nov 28, 2015 5:14pm Nov 28, 2015 5:14pm
Hi Adam. which version did You backtest
  • #548
  • Nov 28, 2015 7:33pm Nov 28, 2015 7:33pm
Quoting Elovv
Hi Adam. which version did You backtest
1.70, i think its the latest
  • #549
  • Nov 28, 2015 7:43pm Nov 28, 2015 7:43pm
Quoting AdamG
{quote} 1.70, i think its the latest
If you could please help me out, i dont know why but whenever i try to attach this EA Ver 1.70 or any other it doesent work just nothing happens Ver 1.00 is the only one that works i dont know why and mt MT4 Build is 910.
  • #550
  • Nov 28, 2015 10:18pm Nov 28, 2015 10:18pm
Quoting yaseena
{quote} If you could please help me out, i dont know why but whenever i try to attach this EA Ver 1.70 or any other it doesent work just nothing happens Ver 1.00 is the only one that works i dont know why and mt MT4 Build is 910.
hello
mine is same things.i use version 910 ,EA does not work at all neither.never open any trade in more than 10 pairs.
dont find any solution for that.
regards
fred
  • #551
  • Nov 29, 2015 4:55am Nov 29, 2015 4:55am
Quoting AdamG
nevermind, i made it Poor modeling quality due to 1m used instead of ticks. Good thing is that backtest overlaps with 1 week forward test, EURUSD opened at the same time with the same results. {image} I'll play a bit with optimization
Great to see that you managed to backtest it!
Trading is the hardest way to make easy money...
  • #552
  • Nov 29, 2015 7:46am Nov 29, 2015 7:46am
Quoting MathTrader7
{quote} Great to see that you managed to backtest it!
thx
BTW i see some negative impact of trading between 5 - 6PM. Could be coincidence but also trading at night (GMT+1) is pointless due to low profit and broker commissions that will spoil the balance - even to negative.
How about adding a trading hours? i use to do it in my EAs..
Attached Image
  • #553
  • Nov 29, 2015 9:56am Nov 29, 2015 9:56am
Quoting AdamG
{quote} thx BTW i see some negative impact of trading between 5 - 6PM. Could be coincidence but also trading at night (GMT+1) is pointless due to low profit and broker commissions that will spoil the balance - even to negative. How about adding a trading hours? i use to do it in my EAs.. {image}

This will definitely make the EA more stronger! Thanks for sharing your work so far!
  • #554
  • Nov 29, 2015 10:52am Nov 29, 2015 10:52am
Adam, You mean EA from post 434, not the ADX EA from post 525?
Regards
  • #555
  • Nov 29, 2015 9:16pm Nov 29, 2015 9:16pm
Adam
could you mark market open lines on your profit chart?

thanks
Bob
  • #556
  • Nov 30, 2015 4:40pm Nov 30, 2015 4:40pm
Bad news...after over 1 week of test back and forward test on demo same broker here'e my summary:

Attached Image


Good thing: EA opens correctly on both tests
Bad thing: Back-testing shows different close (more pips - higher profit) than forward-testing (less pips - lower profit)

Whats your results guys?
  • #557
  • Nov 30, 2015 4:46pm Nov 30, 2015 4:46pm
Quoting AdamG
Bad news...after over 1 week of test back and forward test on demo same broker here'e my summary: {image} Good thing: EA opens correctly on both tests Bad thing: Back-testing shows different close (more and higher profit) than forward-testing (less and lower profit) Whats your results guys?
what you expect from an EA who depends in a repainting indi, a high volatility market will kill you
  • #558
  • Nov 30, 2015 4:58pm Nov 30, 2015 4:58pm
I tested ver 1.7 last week with not so good results.
  • #559
  • Nov 30, 2015 8:25pm Nov 30, 2015 8:25pm
A noob question: how do you strategy test this EA?
I've seen test results around here, but can't figure it out how to choose the M2 timeframe when starting the tester. I'm on MT4 920, if it matters.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #560
  • Dec 1, 2015 6:45am Dec 1, 2015 6:45am
Hi,
look at the combination of
Renko + ADX + Stochastic.
Currency pair: GBPUSD
Renko size = 10 pips

How to trade:
1. Take ADX sell signal only if both stochastic lines are below 50;
2. Take ADX buy signal only if both stochastic lines are above 50;
3. SL = 35 pips or valid signal in the opposite direction;
4. TP = 90 pips or valid signal in the opposite direction;
5. When profit reaches 20 pips , close 80% of the position (thus we guarantee small profit, even if SL is hit by the price action)

For November 2015 - 14 winners and 1 loss.

Not a bad candidate for EA.

All indicators and template are attached.
Attached Image (click to enlarge)
Click to Enlarge Name: Renko+ADX+Stochastic.png Size: 70 KB
Attached File(s)
File Type: rar Renko + ADX + Stochastic.rar   132 KB | 1,756 downloads
0 traders viewing now