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Renko Trading Discussion

  • #101
  • Nov 29, 2015 4:04pm Nov 29, 2015 4:04pm
Version 1.2 of Renko ADX EA released. In this version the EA employs an ATR based trailing stop. I updated Post 1.
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Trading is the hardest way to make easy money...
  • #102
  • Nov 29, 2015 5:27pm Nov 29, 2015 5:27pm
Version 1.2 of Renko Parabolic SAR EA released. In this version the EA employs an ATR based trailing stop. I updated Post 1.
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Trading is the hardest way to make easy money...
  • #103
  • Nov 29, 2015 6:02pm Nov 29, 2015 6:02pm
Quoting MathTrader7
Version 1.2 of Renko ADX EA released. In this version the EA employs an ATR based trailing stop. I updated Post 1. {image}
hello math, do you also work with point and figure charts ?
  • #104
  • Nov 29, 2015 6:08pm Nov 29, 2015 6:08pm
Quoting metta87
{quote} hello math, do you also work with point and figure charts ?
Hi metta87,

I do not use point and figure charts. However, it is a very good tool to identify support/resistance levels. I may work on point and figure charts...

Best,
Math
Trading is the hardest way to make easy money...
  • #105
  • Nov 29, 2015 10:48pm Nov 29, 2015 10:48pm
Hi, here need to adjust, the EA specific set is? The default can be? thank you
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  • #106
  • Nov 30, 2015 1:59pm Nov 30, 2015 1:59pm
I think my last post got denied because I'm new and it contained a link.

MathTrader7, have you ever seen a script that turned the Renko bars a different color based on how long it took to form. The shorter the time the brighter the Green if up and the Brighter the red the quicker down. Times range from

bright green for fast/up
dark green for slow/up
dark red for slow/down
Bright red for fast/down

I think this would be a neat experiment and indicator of trend strength.
  • #107
  • Nov 30, 2015 9:54pm Nov 30, 2015 9:54pm
Quoting daileycon
I think my last post got denied because I'm new and it contained a link. MathTrader7, have you ever seen a script that turned the Renko bars a different color based on how long it took to form. The shorter the time the brighter the Green if up and the Brighter the red the quicker down. Times range from bright green for fast/up dark green for slow/up dark red for slow/down Bright red for fast/down I think this would be a neat experiment and indicator of trend strength.
Duration of Renko bricks varies a lot, from a single second to hours with a 10-pip brick size. You would hardly find exact criteria of how to colour the candle.
The relative speed of the bar is roughly equal to inverted volume, which is easily readable, while the duration is difficult to get.
Here is a linear speed meter indicator attached, and you may see most values are below comparable threshold. You may also notice the speed-volume dependency.

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  • #108
  • Dec 1, 2015 6:04am Dec 1, 2015 6:04am
Quoting Halley
{quote} Duration of Renko bricks varies a lot, from a single second to hours with a 10-pip brick size. You would hardly find exact criteria of how to colour the candle. The relative speed of the bar is roughly equal to inverted volume, which is easily readable, while the duration is difficult to get. Here is a linear speed meter indicator attached, and you may see most values are below comparable threshold. You may also notice the speed-volume dependency. {image}
I figured it would be pretty tricky. It would have to be pair specific and calculate a lot of averages to find the right times. I've tried some tick volume indicators and such but none could really give me the info I wanted (better than my eyes).

<5 bright green
5-15 dark green
etc.
  • #109
  • Dec 2, 2015 6:01pm Dec 2, 2015 6:01pm
Here is the first version of an EA that trades based on Divergence/Convergence signals on non-gap Renko charts. I updated Post 1.
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Click to Enlarge Name: BT.png Size: 41 KB
Trading is the hardest way to make easy money...
  • #110
  • Dec 3, 2015 6:32am Dec 3, 2015 6:32am
Quoting MathTrader7
Here is the first version of an EA that trades based on Divergence/Convergence signals on non-gap Renko charts. I updated Post 1. {image}
this is MACD renko with just MACD indicator ?
what is TP and SL
  • #111
  • Dec 3, 2015 11:47am Dec 3, 2015 11:47am
Quoting MathTrader7
Here is a backtest of MathTrader7_RenkoMA_EA 1.00. The EA is based on a simple moving average change direction and a slow moving average as trend filter. You can download the EA from Post 1. {image}
Hi Math, plase, wehe I can find description of entry/exit signals? Today this EA makes a few great trades but i don't understand where is entry&exit. I thought it's when candle close above/below SMA8 & it's in right direction of SMA220. Pls, see the printscreen and tell me if I am right. If yes, why the last trade is still open and doesn't close?
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Click to Enlarge Name: Screenshot1.png Size: 20 KB
  • #112
  • Dec 3, 2015 12:01pm Dec 3, 2015 12:01pm
hi, im using fxpro mt4 build 902

i have problem, after install all the EA, i cannot attach to chart, or open the properties.
(( all installation is correct ))
how to solve this ?thx
  • #113
  • Edited 5:16pm Dec 3, 2015 3:59pm | Edited 5:16pm
Quoting dafa
{quote} Hi Math, plase, wehe I can find description of entry/exit signals? Today this EA makes a few great trades but i don't understand where is entry&exit. I thought it's when candle close above/below SMA8 & it's in right direction of SMA220. Pls, see the printscreen and tell me if I am right. If yes, why the last trade is still open and doesn't close? {image}
Hi dafa,

Renko MA EA opens buy/sell positions based on a change in the direction of the fast MA and in accordance with a the slow MA. The EA closes a trade when a reverse signal is detected. This is a basic implementation. In the next versions I will add more options to close a position.

Best,
Math
Trading is the hardest way to make easy money...
  • #114
  • Dec 3, 2015 4:01pm Dec 3, 2015 4:01pm
Quoting mamiakimo
{quote} this is MACD renko with just MACD indicator ? what is TP and SL
The EA uses a few oscillators: CCI, MACD and RSI.
SL is under/over the last Renko swing, and there is no fixed TP. The EA closes a position based on a trailing stop.
Trading is the hardest way to make easy money...
  • #115
  • Dec 4, 2015 2:18am Dec 4, 2015 2:18am
Quoting MathTrader7
{quote} The EA uses a few oscillators: CCI, MACD and RSI. SL is under/over the last Renko swing, and there is no fixed TP. The EA closes a position based on a trailing stop.
i am a coder and i write expert to use MACD with MA and use it with Renko with no success
i think if i added RSI and CCI it will work
can you please give me your rules on RSI and CCI
my rules on MACD and MA is

MA:
MaCurrent = iMA(NULL, 0, 14, 0, MODE_EMA, PRICE_CLOSE, 0);
MaPrevious = iMA(NULL, 0, 14, 0, MODE_EMA, PRICE_CLOSE, 1);

MACD: Level 10
MacdCurrent = iMACD(NULL, 0, 12, 26, 9, PRICE_CLOSE, MODE_MAIN, 0);
MacdPrevious = iMACD(NULL, 0, 12, 26, 9, PRICE_CLOSE, MODE_MAIN, 1);
SignalCurrent = iMACD(NULL, 0, 12, 26, 9, PRICE_CLOSE, MODE_SIGNAL, 0);
SignalPrevious = iMACD(NULL, 0, 12, 26, 9, PRICE_CLOSE, MODE_SIGNAL, 1);

Buy if (MacdCurrent<0 && MacdCurrent>SignalCurrent && MacdPrevious<SignalPrevious && MathAbs(MacdCurrent)>10*Point && MaCurrent>MaPrevious)
Sell if (MacdCurrent>0 && MacdCurrent<SignalCurrent && MacdPrevious>SignalPrevious && MacdCurrent>10*Point && MaCurrent<MaPrevious)
  • #116
  • Dec 4, 2015 3:26am Dec 4, 2015 3:26am
Hello guys,

I am using version MathTrader7 Renko Street EA 1.5 and ADX 1.2 with default settings. Yesterday I had great profit on my real account. ADX version is not so profitable as version with Renko Street.
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  • #117
  • Dec 4, 2015 4:28am Dec 4, 2015 4:28am
hi please help, i cannot load the EA, ( all instalation is correct , the ea is alrady under ea folder, but the icon (left under terminal) is gray not yellow
and i cannot attach to the chart or open the properties,
what should i do ? mt4 902
  • #118
  • Dec 4, 2015 6:56am Dec 4, 2015 6:56am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.M2.png Size: 30 KB

why does my renko make these spikes and not build bricks as it should? im using the pimped version4.13
  • #119
  • Dec 4, 2015 7:15am Dec 4, 2015 7:15am
Quoting fx441282
hi please help, i cannot load the EA, ( all instalation is correct , the ea is alrady under ea folder, but the icon (left under terminal) is gray not yellow and i cannot attach to the chart or open the properties, what should i do ? mt4 902
The EA works on build 910+
You need to upgrade your MT4 platform.
Trading is the hardest way to make easy money...
  • #120
  • Dec 4, 2015 7:17am Dec 4, 2015 7:17am
Quoting Darius98
Hello guys, I am using version MathTrader7 Renko Street EA 1.5 and ADX 1.2 with default settings. Yesterday I had great profit on my real account. ADX version is not so profitable as version with Renko Street. {image}
I also see good results with Renko Street EA 1.7 on my VPS setup. I attached the trade explorer to this thread.
Trading is the hardest way to make easy money...
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