if appear a green arrow, open a buy, when appear a red one, close the buy and open a sell. simple
The question was what to do if we get several signals?
OK, dont care, i'll make it as an option user definable.
BR, alex
Lets Automate a Simple Renko Strategy!
- #1,682
- Edited 3:49am Jul 6, 2016 3:13am | Edited 3:49am
hi,nice work with renkosimple can you add this indicator to the robot? {file}
Your EA is ready, i've briefly forward-tested it, opened and closed several deals w/o errors.
Please report your results, bugs.
Be aware - it may lose in ranging markets.
EA needs to have yzyz.ex4 indicator in your MQL4\Indicators folder.
BR, alex
{quote} hello, I downloaded your EA, and it works well, congratulations for your great work, I uploaded your EA on two charts, but it works only on one
Maybe there were no conditions for entry on the second chart.
You may attach yzyz.ex4 indi to the chart in order to have vizual control.
{quote}you can put the magic number? thank you
Here you go sir.
BR, alex
Thanks Sevan, i will try it now, i will post results. to avoide the ranging, we should use a bigger renko box?, like 20. makes less trades. but more secure. whatrenko box are you using?
Usually i use standard 10 pips box size renko bricks. I dont think bigger renko box size will radicaly help to avoid losses in range market. We'll have less number of loss deals but each of them should be greater. To avoid losses by encreasing brick size we need to make it equal or larger than a range size. IMHO we need some good range/trend filter. But in case we have such good filter it should be a holy grail.
I think it is a good idea of thorn to make renko brick size ATR dependent. Most of my EAs have some flexi parameters ATR dependent (for ex SL&TP) and it helps to improve EA performance.
{quote} There is an option in the renko brick creator EA: CalculateBestBoxSize--set it to true and it creates the renko brick size based on the pairs ATR. So Higher ATR pairs will have bigger pip bricks. I dont use it myself because it will create odd brick sizes like 14,17,19 etc..and I find it hard to remember what brick size is on each pair. I just make my own bricks size 15/20/25 depending on ATR. Larger bricks and the internal MA settings on Sevan's EA should help filter out some of the ranging periods
BR, alex
- #1,689
- Jul 7, 2016 4:25pm Jul 7, 2016 4:25pm
{quote} Dear ordosgoitia, it was your idea to make RenkoSimple EA based on yzyz indicator and i thought you better know how to use it.
- #1,697
- Jul 8, 2016 12:41am Jul 8, 2016 12:41am
{quote} I like you idea bro to earn 10 pips in each trade.
does this EA open order automatically?if it is well its not working i guess
Hi sevan I downloaded the EA you created, i just had a few questions regarding it
2. MN has no effect on EA performance if you do not use another EA or trade manualy on the same account. MN helps EA to determine its own deals and to control only them not touching opened by another EA or opened manualy. About MA mode: EA is based on yzyz indicator which uses two MA. You may choose MA mode and/or period by this parameters.
3. Many changes are possible but i dont see them helpfull at the moment. Especially opening new deal in the same direction when the price hit TP. There is now edge except we lose on spread.
4. The arrows do not repaint. You may backtest yzyz indicator in MT4 strategy tester or forward test on demo. You are right ranging is killing as i've told before announcing EA.
5. I'm not a topicstarter and do not know well this thread. I prefer DO (Daily Open) line and EMA200 as trend filters. Also my favorite indicators are TDI, CS (Currency Strenght), Correlation, BRN, Fibo, SnR, Pivot, SD levels indicators but they are not used with renko charts mostly.
BR, alex