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Renko + TMA slope + MACD Colored

  • #81
  • Nov 27, 2015 9:54am Nov 27, 2015 9:54am
Quoting MathTrader7
{quote} Mmmmm.... I guess that the TMA Slope value was less than 0.4 at that bar... Does TMA slope repaint?
I think its not repainting but already closed mt4.Will continue on Monday.Happy weekend
Trade with 60
  • #82
  • Nov 27, 2015 10:11am Nov 27, 2015 10:11am
Quoting kumetto
{quote} I think its not repainting but already closed mt4.Will continue on Monday.Happy weekend
Have a nice weekend! :-)
Trading is the hardest way to make easy money...
  • #83
  • Nov 27, 2015 10:14am Nov 27, 2015 10:14am
Quoting MathTrader7
{quote} Have a nice weekend! :-)
You too nice week end!
  • #84
  • Nov 27, 2015 12:37pm Nov 27, 2015 12:37pm
Quoting kumetto
@MathTrader7 still no trigger .On the picture is manual trade made by me before. {image}
HI,

Iin the snapshot above it should be a buy entry if i am not wrong u have a short entry !

Any ways have nice weekend :-)
  • #85
  • Nov 27, 2015 3:00pm Nov 27, 2015 3:00pm
Quoting elogik
{quote} HI, Iin the snapshot above it should be a buy entry if i am not wrong u have a short entry ! Any ways have nice weekend :-)
Yes you're right but that was demo sell from real charts on demo account just to see if I'm correct, nothing else.I was playing chicken
Trade with 60
  • #86
  • Nov 27, 2015 11:10pm Nov 27, 2015 11:10pm
I have a question to all renko traders. After pressing F2 i downloaded history data. My question is do I need to export this data to some where or simple I download and start mt4?
  • #87
  • Nov 28, 2015 12:45am Nov 28, 2015 12:45am
Quoting mpradeep
I have a question to all renko traders. After pressing F2 i downloaded history data. My question is do I need to export this data to some where or simple I download and start mt4?
HI,

Press F2 go to M1 data dwnload all data and restart the terminal, you are done.

Also remember to take a backup of the history folder....
  • #88
  • Nov 28, 2015 12:47am Nov 28, 2015 12:47am
Quoting kumetto
{quote} Yes you're right but that was demo sell from real charts on demo account just to see if I'm correct, nothing else.I was playing chicken
Kumetto, i read yur reply that u have been trading this method since abt 2-3 months, if you do not mind can you share with us your winning percentage approx.
  • #89
  • Nov 28, 2015 12:49am Nov 28, 2015 12:49am
Hi kumetto,
Thank you for sharing your hard work at this nice thread. I am new to use Renko charts, though I have seen many videos and done some trading in past but forgot all that stuff.
So I am hear for learning from you! A few quick questions are as follows for you:
1. Is the template to be installed on offline chart M2?
2. Is order to be placed from offline chart? or see signal in offline chart and place order on online chart?
3. Is trading to be done during London and New York sessions only(i.e. Green and silver box)?
4. Is there a latency issue for updating offline chart causing wrong signal?
After understanding all the abovementioned points I will start practicing from next week.

I have downloaded stuff from post# and installed EA, Indicators and Templates and created offline chart and attached here for your review and suggestion, if any.
Thanks to MathTrader7 for developing EA for this System.

Cheers!
Radadiya

Quoting kumetto
Hi to all.I'm starting this thread to show you my way of renko trading style.I'm going to use live account and post trades with charts later.I will trade mostly GBPNZD,GBPAUD,EURNZD,EURAUD(this is not limitation of the system or trading style,this is how I feel and want to trade) Please feel free to choose your pairs and trade with template. Feel free to ask anything i will respond as soon as i'm online. Happy piping to all Here's my set of indicators and template. i-Session is set according to my time GMT+2 green box(London open),silver box(New...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 44 KB
  • #90
  • Nov 28, 2015 5:25am Nov 28, 2015 5:25am
Thanks Kumeto for sharing this nice system，subscribed

A quick question, the spread shown in your chart is quite high(5-6pips), does it concern you?

Thanks, Henry
  • #91
  • Nov 29, 2015 11:06pm Nov 29, 2015 11:06pm
Thanks elogik
  • #92
  • Nov 30, 2015 2:27am Nov 30, 2015 2:27am
Quoting henryloving
Thanks Kumeto for sharing this nice system，subscribed A quick question, the spread shown in your chart is quite high(5-6pips), does it concern you? Thanks, Henry
No that doesn't concern me.In 2008-2009 when I started trading forex, spreads were from 5 for EU up to 20 for some pairs and I was in profit
Trade with 60
  • #93
  • Nov 30, 2015 11:59am Nov 30, 2015 11:59am
Quoting MathTrader7
Here is Version 1.05 of the EA that won't check for the Renko bar to cross EMA(13) to open positions. 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. Note 4: You have to copy the...
have this version on 18 pairs through vps, no trades have been taken.
  • #94
  • Nov 30, 2015 12:26pm Nov 30, 2015 12:26pm
Quoting fxent.
{quote} have this version on 18 pairs through vps, no trades have been taken.
Me too. Anyone have open positions?
  • #95
  • Nov 30, 2015 1:02pm Nov 30, 2015 1:02pm
Quoting fxent.
{quote} have this version on 18 pairs through vps, no trades have been taken.
Since TMA Slope repaints, the EA rarely opens a position. I am about to release a new version where the EA won't respect to 0.4 level of TMA Slope.
Note: My backtest shows that the strategy is not performing well. So I'm not going to do forward test.
Trading is the hardest way to make easy money...
  • #96
  • Nov 30, 2015 1:09pm Nov 30, 2015 1:09pm
Here is Version 1.10 of the EA. Since TMA Slope indicator repaints, the EA compares TMA Slope with absolute value of 0.05 to open positions (this value is identified through optimization). This will be the last version of the EA for this strategy.

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.
Note 4: You have to copy the attached indicator, TMASlope.ex4, into <MQL4\Indicators> folder.

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 Image (click to enlarge)
Click to Enlarge Name: BT.png Size: 48 KB
Attached File(s)
File Type: ex4 MathTrader7_RenkoTMA_EA.ex4   124 KB | 559 downloads
File Type: ex4 TMASlope.ex4   23 KB | 599 downloads
Trading is the hardest way to make easy money...
  • #97
  • Nov 30, 2015 1:16pm Nov 30, 2015 1:16pm
Quoting MathTrader7
{quote} Since TMA Slope repaints, the EA rarely opens a position. I am about to release a new version where the EA won't respect to 0.4 level of TMA Slope. Note: My backtest shows that the strategy is not performing well. So I'm not going to do forward test.
Hmm, not good. I'm not going to test too.
  • #98
  • Nov 30, 2015 1:30pm Nov 30, 2015 1:30pm
Quoting Aleksi
{quote} Hmm, not good. I'm not going to test too.
You may get good results if you trade manually this strategy as kumetto does.
Trading is the hardest way to make easy money...
  • #99
  • Nov 30, 2015 1:56pm Nov 30, 2015 1:56pm
Quoting MathTrader7
{quote} You may get good results if you trade manually this strategy as kumetto does.
Yea i may try manual.
  • #100
  • Nov 30, 2015 3:03pm Nov 30, 2015 3:03pm
Quoting MathTrader7
Here is Version 1.10 of the EA. Since TMA Slope indicator repaints, the EA compares TMA Slope with absolute value of 0.05 to open positions (this value is identified through optimization). This will be the last version of the EA for this strategy. 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...
Why donīt you use the non repaint version of the TMA then.

I agree, if you use the repaint version of the TMA, you get excellent results. With the non repainting, not so much.
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