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Renko channel + Fast EMA = simple and profitable

  • #641
  • Dec 19, 2015 1:22pm Dec 19, 2015 1:22pm
Quoting tai9127
{image}
Impressive results Tai. I looked at your strategy, but I dont understand your TP.- next candle or higher. How do you determine? Or do you just get out +100?
Also, DMI is adx arrows? I would love to hear more detail. Thanks.
Joshua Hope
  • #642
  • Edited 9:27am Dec 20, 2015 6:59am | Edited 9:27am
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TP:SL 1:2
In normal trade,we'll get -0.2,-0.2,+0.1 -0.3$ (0.01lot)
In martingale trade,we'll get -0.2,-0.4,+0.4 -0.2$ (0.01lot)

But you won't know how the trade goes,
If the last trade keep going?

Example : Last trade keep going for two candle
TP:SL 1:2
In normal trade,we'll get -0.2sl,-0.2sl,+0.1tp,+0.1tp -0.2$ (0.01lot)
In martingale trade,we'll get -0.2sl,-0.4sl,+0.4tp,+0.4tp +0.2$ (0.01lot)

Example : Last trade keep going for four candle
TP:SL 1:2
In normal trade,we'll get -0.2sl,-0.2sl,+0.1tp,+0.1tp,+0.1tp+0.1tp 0$ (0.01lot)
In martingale trade,we'll get -0.2sl,-0.4sl,+0.4tp,+0.4tp+0.4$tp+0.4$tp +1$ (0.01lot)

Of course we have to know that the market will range and range.
But Range ( Renko ) candle is better than normal to use this strategy.

Best regard Tai
Everyone can find their HolyGrail
  • #643
  • Dec 20, 2015 7:08am Dec 20, 2015 7:08am
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It's all up to you.
Just follow your mind.

Best regard Tai
Everyone can find their HolyGrail
  • #644
  • Dec 20, 2015 7:17am Dec 20, 2015 7:17am
上個禮拜,澳日收盤時出現了跌落箭頭,
你有勇氣於禮拜一的時候作賣單嗎?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 117 KB
Everyone can find their HolyGrail
  • #645
  • Dec 20, 2015 9:15am Dec 20, 2015 9:15am
Quoting tai9127
{image} {image} {image} {image} In normal trade,we'll get -0.2,-0.2,+0.1 -0.3$ (0.01lot) In martingale trade,we'll get -0.2,-0.4,+0.4 -0.2$ (0.01lot) But you won't know how the trade goes, If the last trade keep going? Example : Last trade keep going for two candle In normal trade,we'll get -0.2,-0.2,+0.2 -0.2$ (0.01lot) In martingale trade,we'll get -0.2,-0.4,+0.8 +0.2$ (0.01lot) Example : Last trade keep going for four candle In normal trade,we'll get -0.2,-0.2,+0.4 0$ (0.01lot) In martingale trade,we'll get -0.2,-0.4,+1.6 +0.8$ (0.01lot) Of course...
Thank you Tai for your insight.
Best, Josh
  • #646
  • Dec 20, 2015 4:18pm Dec 20, 2015 4:18pm
hey eCris any updates on your demo? is it the TE on your profile? thanks

Quoting eCris
Running the EA for a few days now on 100 points brick size. All trades are closed on profit. Maybe its just luck.
  • #647
  • Dec 20, 2015 5:34pm Dec 20, 2015 5:34pm
Quick update.

So being the sucker for pain that I am, and since it's a demo account anyway, I left ver 1.7 running.

Since the week's open so far, (about 2 hours ago), it's lost 1% of account.

BTW, I am not posting this to diss Math or Skyler... I think Math has done brilliant work in coding this, and they are both very generous to share this with us. I just didn't see anyone post an extensive forward test, so.... well.... here it is.

I truly hope the next version will be profitable.
  • #648
  • Dec 21, 2015 12:08am Dec 21, 2015 12:08am
Quoting DrBasemFx
{quote} Hi Tarvold , I already did like what you do now , Drawdown more than 40 % after running four days , and it's completely logic when you see in one pair continuous 4 ST hitted . Real problem that version 1.7 without any filter , so my advice that don't waste your time about this version , we hope that MathTrader7 could add real filter , specially that he said version 1.9 give good results .

8 hours into the week so far, and I'm about to hit about 10% drawdown. Seems consistent with your stats.

Turning it off now. It's been fun.
  • #649
  • Dec 21, 2015 5:23am Dec 21, 2015 5:23am
Quoting Tarvold
{quote} 8 hours into the week so far, and I'm about to hit about 10% drawdown. Seems consistent with your stats. Turning it off now. It's been fun.
Nice that you see it by yourself without wasting time , Hope that new version with real filter coming soon . MT7 testing ver 1.9 hope he will post it soon to try
  • #650
  • Dec 21, 2015 7:55am Dec 21, 2015 7:55am
Hi, thanks MathT7RS for coding this trading startegy. I just came to this topic after looking to make HGB working on Renko chart. Triger and filter criteria are exactly what I wanted to implement, but could not find a way until I started to read this topic on forum. I ma trading this EA life with small lots as it is only way to validate its performance. So far I have positive results and feeling about this bot. However,I would like to suggest some possible optimization to increase profitability and security during traiding.

MathT7RS, could you consider to add:
1. Multiply trading by enetering buy/sell stops when entering main trade. Let's say multitrade will be opened every new candle opens in the same direction and closed at 1.5 candle profit or close all of them with main trade trigered by chanel line and change in candle direction. In this case we will have 2 trades per pair, similarly like in Steve Hopwood/Bob's HGB EA attatched or Captain's Renko EA or huge profit when kept to the end.
Attached File(s)
File Type: mq4 Holy Graily Bob.mq4   210 KB | 1,347 downloads

Attached File(s)
File Type: mq4 The Captain's auto trading robot by Steve Hopwood.mq4   25 KB | 1,105 downloads

2. Also, it would fantastic to have security level as in atatched Shall EA, regarding min. margin left, time between trades, etc.
Attached File(s)
File Type: mq4 ShellAutoTradingRobotCode_BobStuff_6xx.mq4   147 KB | 1,087 downloads


Cheers,
  • #651
  • Dec 21, 2015 9:37am Dec 21, 2015 9:37am
Hi MT7RS,

Additional thought to make this Renko more profitable. I have changed arrows with super signal to take additional trades as breakout approach on top what we have today. Do you see possibility to add this option to your bot like on attached pic. to take mechanickly advantage of strong trend?
Attached Image


I attached indi generating those arrows. They are in opposite direction, but changing 233/234 numbers will correct direction.
Attached File(s)
File Type: mq4 super-signals-channel1.mq4   2 KB | 1,112 downloads


Cheers
  • #652
  • Dec 21, 2015 10:22pm Dec 21, 2015 10:22pm
Dear all,use my strategy on 15tf offline chart is better.
Never set dailytf offline chart.
Everyone can find their HolyGrail
  • #653
  • Dec 22, 2015 6:24am Dec 22, 2015 6:24am
Quoting tai9127
Dear all,use my strategy on 15tf offline chart is better. Never set dailytf offline chart.
Why does timeframe matter if it's renko?
  • #654
  • Dec 22, 2015 6:31am Dec 22, 2015 6:31am
Quoting Tarvold
{quote} Why does timeframe matter if it's renko?
In my experience,dailytf offline chart will cause candle repaint.
I have no idea.
Best regard Tai
Everyone can find their HolyGrail
  • #655
  • Dec 22, 2015 10:47am Dec 22, 2015 10:47am
Quoting tai9127
{quote} In my experience,dailytf offline chart will cause candle repaint. I have no idea. Best regard Tai
isnt the 15 min timeframe renko repainting too ? The 1 minute has to be the best option imo.
  • #656
  • Dec 22, 2015 3:40pm Dec 22, 2015 3:40pm
Attached Image


First time posting a screenshot so hoping it shows up properly. This is a concept that for whatever reason is seems rarely discussed on forums. The idea is that when you get an initial signal to buy or sell. There is for the most part an initial retracement before the "signal" move. The reason i'm showing this is how to get a better entry and minimize risk. If this doesnt post properly I will will figure it out. Fid
  • #657
  • Dec 22, 2015 3:52pm Dec 22, 2015 3:52pm
These are fib levels and the minimum retracement is 50%. In other words...if it doesnt pull back at least 50% there is no entry. So once you get the signal on the renko strategy. No need to rush into the trade it will retrace. Then you get in around the 50%. and front run the price by the pip spread + 3 on the given pair. Hope if helps. Fid
  • #658
  • Dec 23, 2015 3:23am Dec 23, 2015 3:23am
Quoting tai9127
{quote} In my experience,dailytf offline chart will cause candle repaint. I have no idea. Best regard Tai
Ah cool. That makes more sense.

My solution to this is to use a non standard tf for renko like 2-3min.
  • #659
  • Dec 23, 2015 3:55am Dec 23, 2015 3:55am
Quoting Fiddy
{image} First time posting a screenshot so hoping it shows up properly. This is a concept that for whatever reason is seems rarely discussed on forums. The idea is that when you get an initial signal to buy or sell. There is for the most part an initial retracement before the "signal" move. The reason i'm showing this is how to get a better entry and minimize risk. If this doesnt post properly I will will figure it out. Fid
Hi Fiddy,

What you explained needs a statistical analysis to find out how it would improve the performance of a Renko trading strategy who suggests to open a position at a Renko reverse candle.

Best,
Math
Trading is the hardest way to make easy money...
  • #660
  • Dec 27, 2015 1:51pm Dec 27, 2015 1:51pm
Hi Math Trader7,I will like to say thank for your time and your help to mate thanks for this,and I will like to request if you can compile this version 1.20 to work with MT4 build 920 ,940 ,thanks.
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