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Lets Automate a Simple Renko Strategy!

  • #1,661
  • May 30, 2016 11:12pm May 30, 2016 11:12pm
Quoting Magix
I know you can call time from indicators, including candles from other time frames when trading off of a regular chart, just don't know if you can all time from another chart as applied to Renko. Alternatively, one could just look at the rate of movement by way of moving averages or envelopes on a faster frame to catch the trades...ie, if close is greater than upper band, longs, if close is less than lower band sell... This effectively measures the speed of play... Check it. There'd be some inevitable losses incurred by a little chop, but perhaps...

To filter reversal bars and Disable trading in this area , only one Geometric filter developped by a company : CIT Investing , used in Beta-test EA called Stalker FxPro, but the technology not revealed with a clear code, but fully explained in PDF Guideline , i hope that will be useful .
  • #1,662
  • Jun 2, 2016 10:29am Jun 2, 2016 10:29am
Quoting sminage
Back testing video. https://youtu.be/ECmapuIIzmQ
Hello everybody! how is it possible making backtest by MT4 using the Renzo chart? I don't know how to do it, even considering myself quite expert of backtest (but now i think i am SOo fool!) Thanks in advance for explaination!
  • #1,663
  • Jun 2, 2016 3:52pm Jun 2, 2016 3:52pm
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}
you tell me the name of this expert? and set file?
  • #1,664
  • Jun 14, 2016 8:27am Jun 14, 2016 8:27am
I've created EA based on the main strategy rules from post#1. Anybody interested may download EA and test it.
Attached File(s)
File Type: ex4 RenkoSimple.ex4   13 KB | 1,205 downloads
BR, alex
  • #1,665
  • Jun 18, 2016 8:33am Jun 18, 2016 8:33am
Quoting sevan62
I've created EA based on the main strategy rules from post#1. Anybody interested may download EA and test it. {file}
Hello, what is the Tp and Stop of this EA, what renko box should we use?
  • #1,666
  • Jun 18, 2016 12:53pm Jun 18, 2016 12:53pm
Quoting ordosgoitia
{quote} Hello, what is the Tp and Stop of this EA, what renko box should we use?
You should better read the first post where the main strategy rules are described.
SL is settled by EA on the nearest hi/low, brick size is 10 pips (=100 5digit points).
BR, alex
  • #1,667
  • Jun 23, 2016 1:25am Jun 23, 2016 1:25am
Hi Fellas,

I am very new to renko bars ... There are so many renko bar generators

Ovo Mean Renko
Ovo Pro Renko

to name few.

What is the best renko bar builder out there? I want to be able to backtest and memorize renko patterns without repaint.

What are pros and cons of non repaint renko bars?

Thx!
Life Is Good
  • #1,668
  • Jun 23, 2016 1:39am Jun 23, 2016 1:39am
Quoting sevan62
I've created EA based on the main strategy rules from post#1. Anybody interested may download EA and test it. {file}
Thanks Sevan
is it possible for you to provide the source file, in case anyone wants to make an amend to it?
  • #1,669
  • Jun 23, 2016 12:36pm Jun 23, 2016 12:36pm
Gang,


Is there an ea to automatically exit a position based on renko color change?

Also is there an ea to trail renlo trade based on high of previous or previous 2 canles height?

Thx
Life Is Good
  • #1,670
  • Jun 30, 2016 11:51am Jun 30, 2016 11:51am
Quoting fxguru2010
{quote} Thanks Sevan is it possible for you to provide the source file, in case anyone wants to make an amend to it?
I do not provide source code to prevent illegal EA sales.
BR, alex
  • #1,671
  • Jun 30, 2016 2:39pm Jun 30, 2016 2:39pm
hi,nice work with renkosimple
can you add this indicator to the robot?
Attached File(s)
File Type: ex4 Yzyz.ex4   10 KB | 590 downloads
  • #1,672
  • Jul 1, 2016 1:35am Jul 1, 2016 1:35am
Quoting ordosgoitia
hi,nice work with renkosimple can you add this indicator to the robot? {file}
I've checked this yzyz indicator. It is based on two MA only. One slow and one fast. It give a signal when they are crossing. Are you sure it will help to improve EA? Source code attached.
Attached File(s)
File Type: mq4 yzyz.mq4   3 KB | 923 downloads
BR, alex
  • #1,673
  • Jul 1, 2016 5:57am Jul 1, 2016 5:57am
Quoting sevan62
{quote} I've checked this yzyz indicator. It is based on two MA only. One slow and one fast. It give a signal when they are crossing. Are you sure it will help to improve EA? Source code attached. {file}
HI
i use this to trade manual, open a trade when the signal appear, and when appear the other close and open another trade.
maybe can put that in a robot and can be very use full
  • #1,674
  • Jul 1, 2016 7:41am Jul 1, 2016 7:41am
Quoting ordosgoitia
{quote} HI i use this to trade manual, open a trade when the signal appear, and when appear the other close and open another trade. maybe can put that in a robot and can be very use full
Hi mate,
OK i'll give it a try soon.
BR, alex
  • #1,675
  • Jul 5, 2016 7:40am Jul 5, 2016 7:40am
Quoting ordosgoitia
hi,nice work with renkosimple can you add this indicator to the robot? {file}
Hi ordosgoitia,
What is your isea of implementing yzyz indicator into EA? The question is yzyz indicators signals (red and green signals on the chart) do not match the main RenkoSimple EA. Todays EA trades are seen on the chart.

P.S. BTW EA itself two MA: EMA21 & EMA50 as a trend detecting system and yzyz indicator triggers a signal when EMA5 crossing EMA3. Dont you think it is too much Moving Averages in one EA?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM2.png Size: 67 KB
BR, alex
  • #1,676
  • Jul 5, 2016 8:23am Jul 5, 2016 8:23am
i was thinking on change of indicator in the robot, use thisone and not the other, just to test.
  • #1,677
  • Jul 5, 2016 8:36am Jul 5, 2016 8:36am
Quoting ordosgoitia
i was thinking on change of indicator in the robot, use thisone and not the other, just to test.
So if i got you right you offer to replace entry trigger with yzyz signals?
And what about position exit? Leave it as is i.e. exit with new opposit brick?
BR, alex
  • #1,678
  • Jul 5, 2016 8:40am Jul 5, 2016 8:40am
position exit when the other arrow appear.
  • #1,679
  • Jul 5, 2016 8:49am Jul 5, 2016 8:49am
Quoting ordosgoitia
position exit when the other arrow appear.
OK, and what do we do in case we get the second, third ... same color arrow? Open new position in the same direction or skip this signal till reverse arrow appear?
BR, alex
  • #1,680
  • Jul 5, 2016 8:55am Jul 5, 2016 8:55am
if appear a green arrow, open a buy, when appear a red one, close the buy and open a sell.
simple
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