Renko Trading Discussion

Quoting MathTrader7

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{quote} I'm working on a predictive Renko builder to better engulf ranging market to avoid such small losses.

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Quoting MathTrader7

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{quote} Hi Central4, I'm really glad to see that someone is seriously testing one of the Renko EAs with a public Trade Explorer As you said, I'm working on a predictive Renko builder to better engulf ranging market to avoid such small losses. If you observed that around daily pivot points it is more likely to have ranging Renko bricks, I may implement such filter to see how it would work. Best, Math

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Quoting Central4

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{quote} Hi Math Thank you for the quick answer. I attached you some Pictures with a Pivot Point Indicator. {image} {image} {image} Thank you Central4

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Quoting MathTrader7

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And here is the results of backtesting Renko Street EA v1.90. To be honest, the results look too good to be true... {image}

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Quoting Elovv

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"And here is the results of backtesting Renko Street EA v1.90. To be honest, the results look too good to be true... " Wow! Where can I find this EA, will test it

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Quoting radadiya

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{quote} Hi, Where can I find Renko Street EA v1.9 ?

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Quoting blueseahorse

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{quote} hi math, will you share this EA or at least explain the logic please?

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Quoting MathTrader7

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I'm working on a Renko chart creator EA that changes the size of Renko bricks based on the average of N last range of candles of some standard chart (for example, M1). I defined a minimum Renko brick size (for example 100 points). Some preliminary results are shown below. What do you think about the best strategy to change the Renko brick size based on the recent market price action? {image} {image}

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Quoting GoldTheHun

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{quote} I would recommend sqrt of time function to closely mimic a time frame (5 minute or 15 minute). Here is an example: If you want to mimic 5 minute time frame: average daily range(last 30 days) / sqrt(1440/5). so as formula it would be ADR / sqrt(1440/TimeFrametoMimic) Hope it helps

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Quoting MathTrader7

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{quote} Hi GoldTheHun, This looks promising! Thanks for sharing your idea I'm going to implement a beta version based on the formula you provided. Let's see how it would work. Best, Math

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Quoting GoldTheHun

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{quote} Glad you liked it. This method is more suitable for range bars, because renko has a method of (2 x size) at turning points, where range bars have none. So here is a range bar generator which I use (these are experts): {file} {file} I am attaching ex4 and mq4 files. The mq4 might not compile in new version of mt4. Take care..

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Quoting MathTrader7

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{quote} I'm going to create the beta version like this: 1. At the beginning of every trading day 1.1. the EA re-calculates the Renko bar size according to the formula you provided (or any other formula we may come up with later); 1.2. the EA closes the last open Renko bar of the previous day regardless of any condition. 2. The EA won't respect to 2 x Renko size for reverse bars, it creates a reverse bar at the current day's Renko size. Let's see how this approach would help our trading performance. Best, Math

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Quoting GoldTheHun

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{quote} Personally I am anxious to see this. Thanks and good luck coding it.... Another method you could maybe consider is to create a renko or rangebar builder using percentage change. This way you would get rid of the size of the bars as pips. Since fx pairs effect each other as percentages not in pips, this could be a more logical or correct choice. What do you thing Math?

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Quoting MathTrader7

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{quote} I think I didn't get your idea of using the percentage change to create range/Renko bars. Let's say that a Forex pair changes 0.1% during some period of time, the next Renko bar size must be equal to that change?

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Quoting gilfx

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Hello, Were is the Renko Street EA v1.8?

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Quoting chondrohp

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Hi MathTrader, I've been testing your Renko Parabolic SAR EA and I'm wandering if it's possible to update it, combined with RenkoStreet channel as TP. The entry is maintained the same as per current EA when the parabolic SAR has been reached, but whenever a renkostreet channel top/bottom of the opposite direction appears, the EA should close the order. I think it can help to minimize the loss (instead of waiting to reach the opposite SAR during ranging markets). As renkostreet repaints, its possible that it will cut profits sooner also, but i'm...

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