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Renko channel + Fast EMA = simple and profitable

  • #661
  • Jan 1, 2016 3:43pm Jan 1, 2016 3:43pm
well, i'm new for this renko thing.

why do we set 10 pips instead 1 pips to see real price action?
Don't be greedy! Sooner or later it will kill you! "Droneox Dragon"
  • #662
  • Jan 3, 2016 7:22pm Jan 3, 2016 7:22pm
hey elovv any updates? thanks

Quoting Elovv
Works perfect. My demo on IC and FXCM ar up 2% since sunday evening. Everything default, 9 pairs. Thinking of when to stop trades on friday, close trade before trade stop or let it be. 2%/week is 180% up/year. Lets see after 1 month. Best
  • #663
  • Jan 7, 2016 1:58pm Jan 7, 2016 1:58pm
Quoting Tarvold
Ok, made some minor tweaks. Just to clarify, I'm running version 1.7. Because I found a lot of the trades from yesterday were stopped out prematurely, I have now decided to forward test with these settings: {image} The setup/pairs list I'm running this on are: {image} Will leave this on until the end of the year (or until I hit a ridiculous drawdown) and see what happens.
Hello Tarvold

Could you update your results with this strategy please?
Tx
S
  • #664
  • Jan 7, 2016 3:43pm Jan 7, 2016 3:43pm
Hi Mathtrader,

I attached version Renkostreet Ea v1.5 on some pairs and version 1.7 on others.
It doesn't open any tarde.
I turned off "offline chart" in the offline chart properties.
Did i missed someting?
thank you.
S
  • #665
  • Jan 8, 2016 10:07pm Jan 8, 2016 10:07pm
Quoting sbenichou1
{quote} Hello Tarvold Could you update your results with this strategy please? Tx S
It ended up losing about 10% before London open on a Monday, so I shut it down.
  • #666
  • Edited 12:41pm Jan 14, 2016 11:38am | Edited 12:41pm
Quoting sbenichou1
Hi Mathtrader, I attached version Renkostreet Ea v1.5 on some pairs and version 1.7 on others. It doesn't open any tarde. I turned off "offline chart" in the offline chart properties. Did i missed someting? thank you. S
I have the same result after renko street ea v1.7 is attached to renko charts EURUSD, GBPUSD, JPYUSD. "Offline chart" is also unchecked. EA is smiling, dll allowed, renko charts updating, new bricks are building, price is moving, ICMarkets-Demo1 server ...
more than 50 hours passed, nothing in logs printed.
BR, alex
  • #667
  • Jan 14, 2016 2:44pm Jan 14, 2016 2:44pm
Chillout guys
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 28 KB
  • #668
  • Jan 26, 2016 10:00pm Jan 26, 2016 10:00pm
Quoting MathTrader7
{quote} 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
HI MathTrader7 ,
Could you build an EA based on DMI MTF cross?
If you backtest on it,you'll found it's great.
Everyone can find their HolyGrail
  • #669
  • Jan 27, 2016 1:21pm Jan 27, 2016 1:21pm
Quoting tai9127
{quote} HI MathTrader7 , Could you build an EA based on DMI MTF cross? If you backtest on it,you'll found it's great.
DMI MTF EA for Renko charts?
Trading is the hardest way to make easy money...
  • #670
  • Jan 27, 2016 7:40pm Jan 27, 2016 7:40pm
Quoting MathTrader7
{quote} DMI MTF EA for Renko charts?
Attach is DMI indicator,
I use 10 pips renko chart and use this indicator on charts.

Set DMI Timeframe 240
Chart will appear some arrows.

The rule is entry when alert,stoplose when another alert.

Attached File(s)
File Type: mq4 Wilder's DMI + histo mtf + alerts + arrows nmc.mq4   12 KB | 1,905 downloads
Everyone can find their HolyGrail
  • #671
  • Jan 28, 2016 6:15am Jan 28, 2016 6:15am
Quoting tai9127
{quote} Attach is DMI indicator, I use 10 pips renko chart and use this indicator on charts. Set DMI Timeframe 240 Chart will appear some arrows. The rule is entry when alert,stoplose when another alert. {file}
Mmmm... I'll check this idea.
Trading is the hardest way to make easy money...
  • #672
  • Jan 28, 2016 2:43pm Jan 28, 2016 2:43pm
hello . i want know why when restar MT4 . the renko chart change
  • #673
  • Jan 29, 2016 7:35am Jan 29, 2016 7:35am
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-01-29_131050.png Size: 19 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-01-29_131230.png Size: 27 KB
  • #674
  • Feb 15, 2016 7:00am Feb 15, 2016 7:00am
I installed the EA. But there is an error message:
02/15/2016 13: 54: 38 732 can not open file'C:\Users\Apa\AppData\Roaming\MetaQuotes\Terminal\56553BB5B812F22DE69AE8BD44A5C98A\MQL4\indicators\RenkoStreet STF.ex4 '[2]
Where can I find such an indicator? "RenkoStreet_STF.ex4"
  • #675
  • Feb 21, 2016 4:43am Feb 21, 2016 4:43am
Hi

I want to use PBF_Fast_3MAs.ex4
on tick chart

Does it repaint?
  • #676
  • Feb 21, 2016 6:19am Feb 21, 2016 6:19am
MathTrader7 , You are the Man and big master of indicators especially expert in Renko versions.

Guys can anybody Add

Numbers on the TOP of Each Renko Brick and make those Numbers represent TIME aka 0= <1 min; 1 = <2min; 3=<3 min,

and so on. The biggest problem in Renko is when you hit RANGE, 2 bricks up 2 bricks down ( Usually SLOW not moving period)

and you get loss here and loss there as a result..

Almost all trends start with fast move in the direction, SO fast Renko BAR will represent possible Profitable ENTRY..

Same goes for Take profit, ones move is losing steam /speed is also slowing down and that's the time to Exit the trade.

Look it could be not the Numbers but COLORS, let's say Slow bar down direction lite RED fast down bar DARK red..

And same for LONG lite Green/Dark Green... Just an idea, but the Numbers will tell the Story... I saw such Renko Bars Somewhere

ones, but Cannot find it.. Thank you.
  • #677
  • Mar 12, 2016 4:33am Mar 12, 2016 4:33am
Hello MathTrader7 and everyone.
Why it doesn't work MathTrader7_RenkoStreetEA_1.7.ex4. In 2015, the Advisor worked, and from the beginning of 2016 it did not open any orders. Is there time protection in the EA??? how it to remove? Have anybody these problems? The option is removed with the offline charts, no errors in log. There are a lot signals in this year.
  • #678
  • Apr 7, 2016 7:14am Apr 7, 2016 7:14am
Quoting tai9127
{quote} Attach is DMI indicator, I use 10 pips renko chart and use this indicator on charts. Set DMI Timeframe 240 Chart will appear some arrows. The rule is entry when alert,stoplose when another alert. {file}
Hi Tai927, i've set it up with your settings. It looks good. I got 3 questions:
- In your examples a few posts ago, i see lots of arrows. If i set DMI as you describe on TF240 there wont be lots of arrows. So, are you using different settings?

- in your description you say: SL is another signal (the other side). A few posts before you show you put SL 1 or 2 bricks at the otherside.
So which rules are the right ones?

- Do you use any trademanager to babysit the trades?

It looks like an interesting setup, so thank you for that. Its still a bit fuzzy with the rules.
So if you can explain, will preciate!
  • #679
  • Jul 19, 2016 8:37am Jul 19, 2016 8:37am
Guys - hate to sound like a lame duck ..... but
I downloaded 5 versions of renkostreet ea from this thread and can't get any of them to take a trade.
2 x Indicators on math7renkocahrtcreator generated renko chart (fast3mas and renko street..)
unchecked offline etc..... still can't get it to work.

Any suggestions as to what I'm doing wrong pls
  • #680
  • Sep 15, 2016 1:48pm Sep 15, 2016 1:48pm
Quoting zamanib
{quote} What are you speaking about -- I trade it daily with net 20-50 pips daily This is special renko - Does not repaint - and does not do any of the balony you mention above {image} {image}
Hi Zamanib,

Where can I buy this indicator?
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