Falling Knives

Yes.

The grid size is dynamic.

Since I started with Grid trading, the #1 issue of a death candle has always been a concern and definitely something to try and work around. After a few ideas/attempts, I started working with Trigger on Grid logic.

The grid is a minimum number of pips/space/time between trades and the Trigger is still required prior to additional trades being added.

The back side of course is the TP value which is also dynamic, meaning that the minimum profit must be achieved as well as a Exit Trigger.

Most of the logic I play around with now starts off with a Primary trigger in trend and then will have a similar Trigger on Grid in trend and them may even have a 3 logic for when the trend changes, like both FK7 and Iresh. These 2 traders work with 2-3 sets of triggering logic for just adapting to market range and trend. The backside for exits, each of them have 3 sets of logic for closing. Closing in trend, closing when the Medium Trend changes and Closing when the overall trend has changed.

Working with a standard grid does have it's own merits...Trigger on grids are taking the systems and applying them to give higher probabilities to success in trades and to limit the range we work with.

The default value of the Take Profit on BBRenko again is set to $0. This isn't to say that it will continue to build loss to never make any profit, but more so to try and stretch tight charts into more dynamic ranges. The first counter trigger when profit is greater than zero, and we have exits. This kinda removes greed from the trading equation and though we may miss some profit, we find a lot more exits reducing overall market exposure.

Hopefully this gives a better understanding to a Trigger on Grid chart, though we cannot actually see the spacing between trades, you can appreciate that it is in most cases greater than the 2 pips that is set in the logic followed by a 120 second delay.

This is the Iresh trader from post one, that has been in test for the last couple of weeks.

You can see several series of trades that have seemingly random spacing if more than a single trade was taken and have another seemingly random exit based on market movement. This is the personality of the Iresh trader, though doesn't even show a full scope of all logic for closing.

Dynamics in a utopic market could be 100% trigger based, but which thread can you go to to find any single indicator that has a 100% win rate on "Buy When" market condition is achieved and "Close and Reverse" on counter.

The ideas in thread, even with the Falling Knives rapid fire have always followed a "Start in Trend" and cost average based on a second set of logic. In these we have seen hundreds of trades built up all working to achieve the smallest profit or to even close at loss as in the case of Iresh on a Max out basis.

Not market perfection, but does seemingly give some reasonable results.

One more thing I would like to point out is the value on whippy/choppy markets of the Triangulation period as a delay.

If you look at the following chart, where I have marked an area of possible add, it looks like a failure of the EA to take a trade in this area.

It isn't.

All of the market conditions must be met prior to a trade, thus when the first opportunity and when all market conditions were met, a follow up trigger was added.

Kinda produces some interesting trade positions, but by using this, we are working inside of a more dynamic area of trading in accordance with the logic as well as limiting trades if the market trend reverses or has a whipsaw deathcandle spike.

Thank you for the long and very interesting explanation.

I've placed the BBRenko on two 5 pips brick size GBPCAD charts (M2 and M3, respectively), with 6 and 5 as grid size.
I'm curious to see how the offset is affecting the trades, or is it too small of an offset and should be 7 or 8?

I'm not so sure it will actually make a difference.

I believe the logic is correct, but have only been able to view through a timeframe strat tester, not as applied to Renko.

If nothing else, it will give a little more placement between trades if I shit the sheets on coding.

For a 5p brick, this will definitely reduce the amount of trades you see through a week so, one of the other considerations is to set:
Close on Reverse=Off.

By means of the logic, it will do it's best to keep you in trend, but failing that will also give a wider sweep and better chance of recovery.

I think...

One comment about testing the BBRenko on TF charts...

Set the bollies to 20, 2.

It might still suck a whole lotta ass, but it should prove to be a little more conservative than default.

Aaaaaaaaaaaaaand, they're OFF!

lol

If wasn't for a 14 fucking pip spread on GA for Market open, this would have looked like a kick ass trade!!

And then there is this.

and what is this?

what a f***g recovery on te

It is a 3 pip renko sideways channel...of course.

One bad day of trading, does not a bad EA make.

I'm actually quite fond of the Iresh trader, TBH. Might throw in a little better idea for close on reversal, but ultimately speaking...it ain't so bad.

NZDUSD runaway!

Renkofied...it's even a little better.

One week of trading 7 pairs:

And like yourself...it prefers to stay in trend, but tries to find a suitable back door if the shit hits the proverbial fan.

nice work man

trading w 3pip renko bar!?.and the most craziest trader oscar goes to @magix

Fook no, Man.

Not trading a 3 pip renko...These motherfuckers are gridding a 1 pip renko!

Here's the other house robot tripping a 1 pip renko.

The DD sucks at current, but even still...7 pairs with a clear $200+profit is a lotta dimes!

A roll of dimes weighs 4 oz.
http://www.answers.com/Q/How_much_do...f_dimes_weight

There is 4 rolls of dimes in a pound.
4oz= .25 lbs, 4x.25=1

There is $5 is a roll of dimes.
235/5=47 rolls of dimes.

47x.26lbs = 11.75.

An average baby weighs 7.5 lbs.

By the end of the week, FK7 will have generated 2 babies worth of dimes by weight.

And really...which would you rather have?
$470 in your bank or 2 new babies in your house...



Moral of the story...surf pr0n and grid renko!

Didn't even take until the End of a day and FK7 has closed the second half of it's second child by weight.


DD cleared and looking for new bank on the week.

good work