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Lets Automate a Simple Renko Strategy!

  • #1,642
  • Dec 13, 2015 7:32am Dec 13, 2015 7:32am
Quoting Mnlop500
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This is the wrong thread so please create a new one for your request. Your strategy which is "always profitable" probably tested will not work.
1. brokers have a stop distance
2. you pay spread or commission. (you are instantly at a disadvantage).

Try it on a live account and come back to report your findings.
  • #1,643
  • Dec 30, 2015 8:19pm Dec 30, 2015 8:19pm
would someone be able to create the !MTH Renko Chart Builder Indi Ver 03_new_nmc offline chart into an overlay like this?
 
Attached Image

 
This would help greatly as it would enable us to see the real trend and enter on pullbacks/dips a lot easier. 
  • #1,644
  • Jan 13, 2016 8:45am Jan 13, 2016 8:45am
Quoting Magix
{quote} A couple of things I have noticed...but overall not terrible. 1. if ((iMA(NULL, NULL,21,0,MODE_EMA,PRICE_CLOSE,current) > iMA(NULL, NULL,50,0,MODE_EMA,PRICE_CLOSE,current)) && (Ask > iMA(NULL, NULL,21,0,MODE_EMA,PRICE_CLOSE,current))) This is looking for the ASK to be > than the Moving Average, where as this specificity could actually miss out on the beginning of trend trades. 2. if ((Close[3] > Open[3]) && (Close[2] > Open[2]) && (Close[1] > Open[1])) A little wordy, because in dealing with Renko, all bricks being the same size, you can...
Hello,

can you or any of you help me to write some code for the attached EA. I need only two things to incorporate in the attached EA.

1. If any open trade is closed in loss then the next trade will be opened in double lot size and so on...
2. Want to add start time and end time for this EA
3.(optional) if possible, trade will be closed each time when new candle will be formed that means open trade and closing trade will be happened within the same renko candle.

Would appreciate very much your help in this regard. I think this strategy will be helpful for renko lover.

Thanks & Best regards
SAM
Attached File(s)
File Type: mq4 Renko pure candle auto-trading EA by Steve Hopwood.mq4   9 KB | 1,068 downloads
  • #1,645
  • Jan 22, 2016 10:45am Jan 22, 2016 10:45am
Quoting samz321
{quote} Hello, can you or any of you help me to write some code for the attached EA. I need only two things to incorporate in the attached EA. 1. If any open trade is closed in loss then the next trade will be opened in double lot size and so on... 2. Want to add start time and end time for this EA 3.(optional) if possible, trade will be closed each time when new candle will be formed that means open trade and closing trade will be happened within the same renko candle. Would appreciate very much your help in this regard. I think this strategy will...
hi,the EA have no sl,it is danger...
  • #1,646
  • Jan 22, 2016 11:03am Jan 22, 2016 11:03am
Quoting wanghaiyang
{quote} hi,the EA have no sl,it is danger...
Its not danger. When a Candle with an another Color came, all trade are closed
  • #1,647
  • Jan 23, 2016 5:12am Jan 23, 2016 5:12am
Quoting Hansi
{quote} Its not danger. When a Candle with an another Color came, all trade are closed
Can be danger when your MT4 freeze or is shutted down (vps) - it is better add SL into EA (greater than indicator close)
  • #1,649
  • Jan 24, 2016 8:55am Jan 24, 2016 8:55am
Quoting Hansi
{quote} Its not danger. When a Candle with an another Color came, all trade are closed
I was lost many in the demo
  • #1,650
  • Jan 24, 2016 10:38am Jan 24, 2016 10:38am
Quoting wanghaiyang
{quote} I was lost many in the demo
Yes i know. This EA ist not profitable!
  • #1,651
  • Feb 4, 2016 4:22am Feb 4, 2016 4:22am
Quoting Hansi
{quote} Yes i know. This EA ist not profitable!
can you give an ea with profitable?
  • #1,652
  • Mar 10, 2016 12:02am Mar 10, 2016 12:02am
have you tried using it with a atr renko indicator that updates the renko size depending on volatility?
  • #1,653
  • Mar 10, 2016 4:22pm Mar 10, 2016 4:22pm
Quoting theprofessor
have you tried using it with a atr renko indicator that updates the renko size depending on volatility?
How about simply not Trade on days like today when Big Casino players dumping Cash by Trillions on the Market, crazy actions today..
Overall I don't like Renko, it's creating false sense of easiness, I mean It always looks so easy from right to left on Renko charts, but ones you take trade
in the real time, that will more likely be wrong entry.. That's why Every Renko Thread starts with Like 1-2 Indies and simple Rules and
End up with 100's of Indies on the Screen looking more like a Christmas Three.
Forget to mention additional load on CPU without any benefits.. Just my 2C.
  • #1,654
  • Apr 5, 2016 8:49am Apr 5, 2016 8:49am
Hello , first I want to thank the work of all of you in developing this EA and all these studies .

I want to ask if anyone here is using it on a real account.

And also bring my result in back test I did .

I used the version 2.90 because for me the EA stopped in this version , since starting this one can not do back test with graphs that are not nongap !

If you have a way to make someone tell me then.

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: teste renko.png Size: 72 KB
  • #1,655
  • Edited 6:18am Apr 9, 2016 4:48am | Edited 6:18am
Quoting Espiga740
Hello , first I want to thank the work of all of you in developing this EA and all these studies . I want to ask if anyone here is using it on a real account. And also bring my result in back test I did . I used the version 2.90 because for me the EA stopped in this version , since starting this one can not do back test with graphs that are not nongap ! If you have a way to make someone tell me then. Thank you. {image}
I have never obtained such promising result when testing this EA, could you leave the settings here, so I could retest it on a 99% model?
  • #1,656
  • Apr 26, 2016 3:21pm Apr 26, 2016 3:21pm
Hello everyone, I'm looking for a renko graphic indicator that warns me when a candle closes below the moving average with EMAIL and PUSH notification (SELL), and when the candle closes above the moving average (BUY), for fafore helped me to find it?
Attached Image (click to enlarge)
Click to Enlarge Name: Clip2net_160426200910.jpg Size: 276 KB
  • #1,657
  • May 30, 2016 4:10pm May 30, 2016 4:10pm
I coded my own EA to test this simple strategy. Here are the back test results.

EURUSD
Duration: 7 Years
Lot: Fixed 3 for 100,000 initial deposit. That makes 0.6% max risk per trade and decreases as account grows.
Settings: 10 pip brick - 2 green bricks buy - SL: Trailing 20 pips (2 bricks)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: graph.PNG Size: 16 KB
Click to Enlarge Name: details.PNG Size: 20 KB
  • #1,658
  • May 30, 2016 4:38pm May 30, 2016 4:38pm
Quoting Nabz
I coded my own EA to test this simple strategy. Here are the back test results. EURUSD Duration: 7 Years Lot: Fixed 3 for 100,000 initial deposit. That makes 0.6% max risk per trade and decreases as account grows. Settings: 10 pip brick - 2 green bricks buy - SL: Trailing 20 pips (2 bricks) {image} {image}

Good to see nabz! But is there an EA attached to your post? Cause I can't see it ..
  • #1,659
  • May 30, 2016 4:39pm May 30, 2016 4:39pm
Quoting Nabz
I coded my own EA to test this simple strategy. Here are the back test results. EURUSD Duration: 7 Years Lot: Fixed 3 for 100,000 initial deposit. That makes 0.6% max risk per trade and decreases as account grows. Settings: 10 pip brick - 2 green bricks buy - SL: Trailing 20 pips (2 bricks) {image} {image}
Nice, care to share?
  • #1,660
  • May 30, 2016 9:14pm May 30, 2016 9:14pm
Quoting tavarusj
{quote} Nice, care to share?
No need, I used regular Renko chart which screwed the backtesting. It requires Renko chart with reversal bar open at previous bar close. Now the result looks like this.
Tested it with different brick sizes and all ended up blowing up account in long run. I knew it was too good to be true, lol.
Attached Image (click to enlarge)
Click to Enlarge Name: capture.png Size: 16 KB
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