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Lets Automate a Simple Renko Strategy!

  • #1,721
  • Jul 9, 2016 2:51am Jul 9, 2016 2:51am
Quoting hypervash
{quote} i found a very interesting indicator,can you put alert on this? http://www.forexfactory.com/showthre...10#post8072410
This indicator in .ex4 (compiled MQL4) format and not available for any changes. You should better ask the author to put alert.
BR, alex
  • #1,722
  • Edited 3:44am Jul 9, 2016 3:25am | Edited 3:44am
Quoting Horne
{quote} sevan62, applied your RenkoVdub back test to the H4 chart (2015 - present). {image} Unfortunately, my modeling quality was poor but going back and looking at trades manually on chart, I believe has potential. *adjusted lot size increased drawdown and profit obviously.
I've run back-tests with your settings. My results does not differ much from yours and model quality doesn't effect as i expected.
Attached Image (click to enlarge)
Click to Enlarge Name: VD_ticks1.jpg Size: 230 KB

Attached Image (click to enlarge)
Click to Enlarge Name: VD_op1.jpg Size: 234 KB
BR, alex
  • #1,723
  • Jul 10, 2016 2:16pm Jul 10, 2016 2:16pm
Hi Sevan,

Need your help to make this EA based on my idea. (please see the attachment)
So the rule are:
1. OP sell:
1.1. When the opposite brick color already above the Bollinger Band (period 50)
1.2. When the Stochastic Osc > 80
OP Buy:
1.1. When the opposite brick color already below the Bollinger Band (period 50)
1.2. when the stochastic Osc < 20

2. TP --> once the brick touch the EMA 21 line

3. SL --> once the Opposite brick show.

Many thanks for your kind help.

Regards,
Andre
Attached Image (click to enlarge)
Click to Enlarge Name: Please Make this EA Renko.JPG Size: 103 KB
  • #1,724
  • Jul 10, 2016 4:11pm Jul 10, 2016 4:11pm
Quoting andreedbert
Hi Sevan, Need your help to make this EA based on my idea. (please see the attachment) So the rule are: 1. OP sell: 1.1. When the opposite brick color already above the Bollinger Band (period 50) 1.2. When the Stochastic Osc > 80 OP Buy: 1.1. When the opposite brick color already below the Bollinger Band (period 50) 1.2. when the stochastic Osc < 20 2. TP --> once the brick touch the EMA 21 line 3. SL --> once the Opposite brick show. Many thanks for your kind help. Regards, Andre {image}
Hi Andre,
Observed your idea on renko charts without EA. It is good in ranging / sideways but will lose during trends.
BTW what does it mean the fourth and last blue "no hit" on your screenshot? According to your rules buy losing order is to be opened here.
BR, alex
  • #1,725
  • Jul 11, 2016 2:32am Jul 11, 2016 2:32am
Quoting sevan62
{quote} Hi Andre, Observed your idea on renko charts without EA. It is good in ranging / sideways but will lose during trends. BTW what does it mean the fourth and last blue "no hit" on your screenshot? According to your rules buy losing order is to be opened here.

No hit mean no hit the TP, but got SL. (SL when the opposite brick cmpleted)
Hit mean hit the TP. (TP once the brick tocuh the line EMA 21)

i knew it against the trend, but i already observed it to solved this issue i make the SL when the opposite brick completed and achieved the brick from OP.
the OP when the market over Bollinger Band period 50.

Sorry if my english not really good.

I already observed and this is good to be implemented EA.

thanks,
andre
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Please Make this EA Renko.JPG Size: 103 KB
Click to Enlarge Name: Another view.JPG Size: 92 KB
  • #1,726
  • Jul 11, 2016 2:34am Jul 11, 2016 2:34am
i got the example from GBPUSD that's the time when the BR EXIT. 24 Jun 2016
  • #1,727
  • Jul 11, 2016 2:57am Jul 11, 2016 2:57am
Quoting sevan62
{quote} Hi Andre, Observed your idea on renko charts without EA. It is good in ranging / sideways but will lose during trends. BTW what does it mean the fourth and last blue "no hit" on your screenshot? According to your rules buy losing order is to be opened here.
I assume what Andre means by the fourth and last blue "no hit" is -yes that's a valid long entry, but it "no hit" the target and was stopped out at loss.

Adding another indicator to differentiate between a ranging and trending market would be good but I don't know of any that work well. ADX (or DMI) comes to mind but I haven't found it to be "edge" material..
-Indeed, any indicator which is able to differentiate between ranging and trending market conditions (with some precision) would be holygrail material.
  • #1,728
  • Jul 11, 2016 3:51am Jul 11, 2016 3:51am
Quoting Horne
{quote} I assume what Andre means by the fourth and last blue "no hit" is -yes that's a valid long entry, but it "no hit" the target and was stopped out at loss.
Thanks mate for clarification.

Quoting Horne
{quote}Adding another indicator to differentiate between a ranging and trending market would be good but I don't know of any that work well. ADX (or DMI) comes to mind but I haven't found it to be "edge" material.. -Indeed, any indicator which is able to differentiate between ranging and trending market conditions (with some precision) would be holygrail material.
These are the GOLDEN words Horne.
BR, alex
  • #1,729
  • Jul 11, 2016 3:57am Jul 11, 2016 3:57am
Quoting andreedbert
i got the example from GBPUSD that's the time when the BR EXIT. 24 Jun 2016
Unfortunately BREXIT occur not too frequent.
Anyway there is some logic in your idea and i'l give it a try soon.
Stay tuned, Andre.
BR, alex
  • #1,730
  • Jul 11, 2016 4:59am Jul 11, 2016 4:59am
Quoting sevan62
{quote} Unfortunately BREXIT occur not too frequent. Anyway there is some logic in your idea and i'l give it a try soon. Stay tuned, Andre.

Yeah i knew that BrExit occured not too frequent, but i want to give you another perspective from my logic when the market trending.
My logic simple because whenever the market trending, the brick must go to the EMA line before the market go to the trend.

This is the logic behind my idea.

Hopefully you can wish my idea to EA. thanks.
  • #1,731
  • Edited 8:09am Jul 11, 2016 6:26am | Edited 8:09am
Quoting andreedbert
{quote} I already observed and this is good to be implemented EA. thanks, andre
I'm confused mate Andre why are you posting the same request in another thread?
I'd leave it for MathTrader7 and hope he will execute it better than me.
BR, alex
  • #1,732
  • Jul 11, 2016 11:22am Jul 11, 2016 11:22am
Quoting sevan62
{quote} I'm confused mate Andre why are you posting the same request in another thread? I'd leave it for MathTrader7 and hope he will execute it better than me.
Hi Alex,

As i knew that Mathtrader using his non gap EA renko chart, i want to test my logic with his EA REnko non gap.
I think it will be a different EA when i ask to Mathtrader.

Please don't be condfused that i will compared you and mathtrader, no that's not a point.
I just think that a different renko chart will give different result.

Please help me to build my idea become EA alex, i will not ask mathtrader to built those EA.

thanks, andre.
  • #1,733
  • Jul 11, 2016 3:52pm Jul 11, 2016 3:52pm
Quoting sevan62
{quote} I'm confused mate Andre why are you posting the same request in another thread? I'd leave it for MathTrader7 and hope he will execute it better than me.
Just getting into forex trading. I have been looking over the threads in strategies forum. Is anyone using these automated strategies?
I see you have a lot of replies here sevan62, any insight as I comb through these threads?
  • #1,734
  • Jul 11, 2016 5:33pm Jul 11, 2016 5:33pm
Quoting aTeam
{quote} Just getting into forex trading. I have been looking over the threads in strategies forum. Is anyone using these automated strategies? I see you have a lot of replies here sevan62, any insight as I comb through these threads?
Dear aTeam, welcome to forex and FF!
But be aware that imho forex is the most complicated market for making consistent profit. What is more it has almost no regulation and single price feed like for example stock market. That is why any broker may open your order at any price with any slippage or refuse with requote. But it doesn't mean that you can't earn some pips here. There are some good working tools/techniques such as price action, support and resistance levels: BRN (Big Round Numbers), Fibo levels, Pivot levels, SnR (S1/S2/S3/R1/R2/R3), SD (Supply/Demand). One of the most powerfull tool is EWT (Elliott Wave Theory) which work on many markets and on forex as well. As for automated trading systems imho it is harder to build reliable consistenly profitable and simple system EA than to trade manualy. Human brain is more flexible and selective. Just look how is it possible to trade manualy. In case you are a forex newbie and going to trade forex in spite of all difficulties i may advice you to begin with manual trading and not to waste time on auto trading. Auto trading is not the point to start with even if you are a professional programmer. Just my 2 cents.
BR, alex
  • #1,735
  • Jul 11, 2016 5:50pm Jul 11, 2016 5:50pm
Quoting sevan62
{quote} not to waste time on auto trading. Auto trading is not the point to start with even if you are a professional programmer. Just my 2 cents.
Hi Sevan,

This is kind of confusing given the impressive back testing reports in post 1722. With those kinds of results it would seem your EA would allow one to earn pips with minimal monitoring.
  • #1,736
  • Jul 11, 2016 7:21pm Jul 11, 2016 7:21pm
Quoting sevan62
{quote} Dear aTeam, welcome to forex and FF! But be aware that imho forex is the most complicated market for making consistent profit. What is more it has almost no regulation and single price feed like for example stock market. That is why any broker may open your order at any price with any slippage or refuse with requote. But it doesn't mean that you can't earn some pips here. There are some good working tools/techniques such as price action, support and resistance levels: BRN (Big Round Numbers), Fibo levels, Pivot levels, SnR (S1/S2/S3/R1/R2/R3),...
If we are at the mercy of brokers, then even an edge is not enough so why still trade forex and not move into futures which offer better regulation ?
  • #1,737
  • Edited 1:47am Jul 12, 2016 1:19am | Edited 1:47am
Quoting metta87
{quote} If we are at the mercy of brokers, then even an edge is not enough so why still trade forex and not move into futures which offer better regulation ?
Fully agree with you but here we have MT4 platform. Being a scam trading platform it provides many advantages for realizing any ideas in EA back- and forward-testing them. But first we have to learn much in order to be able to create winning strategy which can make profit that is why i say that auto trading is not the point to start with for newbie in forex.
BR, alex
  • #1,738
  • Jul 12, 2016 1:25am Jul 12, 2016 1:25am
Quoting temporal
{quote} Hi Sevan, This is kind of confusing given the impressive back testing reports in post 1722. With those kinds of results it would seem your EA would allow one to earn pips with minimal monitoring.
Hi temporal,
And now let's refer to post#1719 on the same page and read:

Quoting sevan62
... IMHO what you have to care more it is the total number of deals in your back-test. I don't trust in results with less than 100 deals. It is a high probability that such results will not continue in future. The best way is to have 1000 and more deals in back-test, good is from 500.
BR, alex
  • #1,739
  • Jul 12, 2016 1:34am Jul 12, 2016 1:34am
Quoting sevan62
{quote} Hi temporal, And now let's refer to post#1719 on the same page and read: {quote}
Yep, my bad. Read through a few of those too fast.

thanks
  • #1,740
  • Edited 9:44am Jul 12, 2016 8:41am | Edited 9:44am
Quoting Horne
{quote} ... Adding another indicator to differentiate between a ranging and trending market would be good but I don't know of any that work well. ADX (or DMI) comes to mind but I haven't found it to be "edge" material.. -Indeed, any indicator which is able to differentiate between ranging and trending market conditions (with some precision) would be holygrail material.
Just now experimenting with the idea how to avoid big losses in heavy trending market with RenkoVdub EA. I apply EMA200 to renko chart.

  1. When EMA200 is between the upper and lower boarders of VdubPivotChannel i consider we are in FLAT (ranging) market.
  2. When the lower boarder of VdubPivotChannel is higher than EMA200 i consider we are in UP trend.
  3. When the upper boarder of VdubPivotChannel is lower than EMA200 i consider we are in DOWN trend.

Trade setup for LONG entry:
From the lower boarder of VdubPivotChannel

During RANGE maret: it is Conservative entry with target on the opposite side of VdubPivotChannel,
During UP Trend:

Conservative mode: with target on the opposite side of VdubPivotChannel,

Agressive mode: (optional) with target on the middle of VdubPivotChannel,

During DOWN Trend:

Agressive mode: (optional) with target on the middle of VdubPivotChannel.


Trade setup for SHORT entry:
From the upper boarder of VdubPivotChannel

During RANGE maret: it is Conservative entry with target on the opposite side of VdubPivotChannel,
During DOWN Trend:

Conservative mode: with target on the opposite side of VdubPivotChannel,

Agressive mode: (optional) with target on the middle of VdubPivotChannel,

During UP Trend:

Agressive mode: (optional) with target on the middle of VdubPivotChannel.


Illustrated in below chart.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM2.png Size: 84 KB


This EA version is under development and deeper testing. Will upload it asap.
Stay tuned.
BR, alex
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