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Lets Automate a Simple Renko Strategy!

  • #1,821
  • Jul 15, 2016 3:27pm Jul 15, 2016 3:27pm
Quoting mickael58
Dear friend sevan62, I am adopting this system manually with a good profit, I'd like to automate it, the rules are entry sell when the price closes below the moving average EMA 10 and go out when the price touches the moving average, entry buy when the price closes above the moving average eMA 10 and go out when the price touches the moving average is an easy expert for you that you're a great programmer, I think this expert, will be the holy grail, you can write it for us? Thanks for your patience {image}
Thanks Mickael for your idea but don't bee too quick to expect a holy grail from it.
Observing your chart i see that there must be a lot of losing trades which you did not showed. This approach will work in trending conditions but lose in range. BTW what is the meaning of TDI, Supp/Dem, Currency Strenght, SuperTrend indicators? Do they have any attitude to the strayegy you offer?
BR, alex
  • #1,822
  • Jul 15, 2016 4:02pm Jul 15, 2016 4:02pm
Quoting sevan62
{quote} Thanks Mickael for your idea but don't bee too quick to expect a holy grail from it. Observing your chart i see that there must be a lot of losing trades which you did not showed. This approach will work in trending conditions but lose in range. BTW what is the meaning of TDI, Supp/Dem, Currency Strenght, SuperTrend indicators? Do they have any attitude to the strayegy you offer?
ok it's true there are losses, but the winnings are many more losses, the SuperTrend indicator and TDI I only need to trend information, the Currency Strength, I need for confirmation of the force at that time
  • #1,823
  • Jul 15, 2016 4:14pm Jul 15, 2016 4:14pm
Quoting noogolf
DEAR SEVAN62 I have some idea for create EA SELL Entry 1. Price below MA21 and MA50 only 2. When the color change to green and closed , place "SELL STOP" at Lowest (Bottom of latest RED brick) and SET TP=40pips // SL=20pips I explained by picture , please seea attach BUY Entry is against How do you think about this ? Edit PICTURE ** Pending4-Not break >>> Pending5-Not break {image}
I do not see an advantade here. You've marked winning trades but missed losing. And I think it is not the worst situation for the rules you provided.
P.S. I've misunderstood the meaning of the word "only" in the first point of your rules
Quote
1. Price below MA21 and MA50 only

Please make some statistical investigations with valuable number of trades on different pairs if you are interested in automating this strategy because i'm overloaded with a lot of work now.

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-07-15_22-52-13.jpg Size: 191 KB
BR, alex
  • #1,824
  • Jul 15, 2016 4:33pm Jul 15, 2016 4:33pm
Peace and green pips to everybody!
Have a great weekend!
BR, alex
  • #1,825
  • Jul 15, 2016 7:17pm Jul 15, 2016 7:17pm
"1. Price below MA21 and MA50 only" for trend filter
Buy only when above, Sell only when below.

And this strategy made 2:1 risk reward ,if win rate more than 40% We still profitable.
So, I will backtesting on this strategy and show the result here...

Thank,,
  • #1,826
  • Jul 16, 2016 4:43am Jul 16, 2016 4:43am
@sevan62 concerning Cdub pivot channel indicator

That would be great- I am sure that I am not the only trader round here using this nice indicator.
Take time, I am patient and thankful for your support !
  • #1,827
  • Jul 16, 2016 10:33am Jul 16, 2016 10:33am
Quoting sevan62
{quote} Never heard of error 138 in MT4 strategy tester. Only in live/demo forward.
I also got hefty load of orderclose error 138 on backtest 1 minute timeframe ... loss all ... i have'nt tried toive forward test ... but you sure it will work even on regular tf? This is my question i don't mind the m2 tf ... i just need to know if the ea still place a trade even on the regular tf.

Thanks

Best regards
  • #1,828
  • Edited 2:19am Jul 18, 2016 1:01am | Edited 2:19am
Hi Alex,

Need your help to modify EA Renko Andre, because i can not used this EA for Micro Account.
I want to forward test on real micro account.

thanks.

Andre
  • #1,829
  • Jul 18, 2016 2:51am Jul 18, 2016 2:51am
Quoting andreedbert
Hi Alex, Need your help to modify EA Renko Andre, because i can not used this EA for Micro Account. I want to forward test on real micro account. thanks. Andre
Hi Andre,
And what is the reason?
BR, alex
  • #1,830
  • Edited 9:32am Jul 18, 2016 2:59am | Edited 9:32am
Quoting CurseOne
{quote} I also got hefty load of orderclose error 138 on backtest 1 minute timeframe ... loss all ... i have'nt tried toive forward test ... but you sure it will work even on regular tf? This is my question i don't mind the m2 tf ... i just need to know if the ea still place a trade even on the regular tf. Thanks Best regards
I failed to reproduce your error 138 backtesting EA on different currency pairs and TFs. I have two hypothesis of error 138 reason.
1. MT4 strategy tester improper work. I've checked mql4 forum and found the same you have.
2. Bad history data when back-testing. What is your modeling quality and number of mismutched errors?

====================================================================

BTW EA has closed 95 trades till now with decreasing performance but still growing account balance/equity.
Technically: Balance qurve formed double bottom pattern, rebound from support level and went on in up trend.
Attached Image (click to enlarge)
Click to Enlarge Name: RA18_3.gif Size: 50 KB
BR, alex
  • #1,831
  • Jul 18, 2016 3:09am Jul 18, 2016 3:09am
Quoting sevan62
{quote} Hi Andre, And what is the reason?
Hi Alex,

Actually i don't know why the EA don't take the OP when i change the trading lot size.
As you can see, that the EA succesfully trade on GBPAUD form the start of the day with 0.1 lot.
But no OP on GBPJPY when i change the trading lot size to 0.05 lot.

I don't know the reason also. But it happened also to some pair when i change the trading lot size.

Btw, can this EA support trading with Micro lot size? i want to start on real account today.

Thanks.

Andre
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD.JPG Size: 99 KB
Click to Enlarge Name: OP GBPAUD 18 Jul 2016.JPG Size: 25 KB
Click to Enlarge Name: GBPJPY.JPG Size: 95 KB
  • #1,832
  • Jul 18, 2016 3:22am Jul 18, 2016 3:22am
Quoting sevan62
{quote} I failed to reproduce your error 138 backtesting EA on different currency pairs and TFs. I have two hypothesis of error 138 reason. 1. MT4 strategy tester improper work. I've checked mql4 forum and found the same you have. 2. Bad history data when back-testing. What is your modeling quality and number of mismutched errors? BTW EA has closed 91 trades till now with decreasing performance but...
9 again alex.
  • #1,833
  • Edited 9:08am Jul 18, 2016 3:43am | Edited 9:08am
Quoting andreedbert
{quote} ... EA succesfully trade on GBPAUD form the start of the day with 0.1 lot. But no OP on GBPJPY when i change the trading lot size to 0.05 lot.
Have you checked that your broker allow to place 0.05 lot manualy or with any other EA?
Check your stochastic indicator readings hwen you expected and missed trade entry. (look at the data window).
Seems that it was below 80 already or near it.

Quoting andreedbert
{quote} Btw, can this EA support trading with Micro lot size?
Yes it can.
EA will accept any lot size you enter in the setting.

Quoting andreedbert
{quote} 9 again alex.
Will you please translate it.
BR, alex
  • #1,834
  • Jul 18, 2016 3:51am Jul 18, 2016 3:51am
Quoting sevan62
{quote} Have you checked that your broker allow to place 0.05 lot manualy or with any other EA? {quote} Yes it can. EA will accept any lot size you enter in the setting. {quote} Will you please translate it.

total trades 91.
Attached Image
  • #1,835
  • Edited 8:58am Jul 18, 2016 8:44am | Edited 8:58am
Quoting andreedbert
Hi Alex, I already try EA Renko Yz. I think it's need too be filter by Solar Wind indicator? Rule OP: 1. the solar wind --> red, the yzyz indicator must be --> red 2. the solar wind --> Green, the yzyz indicator must be --> Green Need add Trailing Stop. (Attach is the Solar Wind Indicator). Many Thanks... Andre {file}
Here is your Renko_YZ_Solar.ex4 EA Andre,
It is based on two indicators: YZYZ and SolarWinds with adjustable inputs, has brick trail option, SL, TP, multitrade option (several same direction positions), may revert position without SL&TP activated. Must be loaded with above mentioned indicators in your \MQL4\Indicators folder.
EA is not yet tested by myself.
Don't forget to report testing results in order to know how your idea works.
Attached File(s)
File Type: mq4 Solar Winds.mq4   5 KB | 514 downloads

Attached File(s)
File Type: mq4 yzyz.mq4   3 KB | 450 downloads

Attached File(s)
File Type: ex4 Renko_YZ_Solar.ex4   17 KB | 588 downloads
BR, alex
  • #1,836
  • Jul 18, 2016 9:11am Jul 18, 2016 9:11am
Quoting sevan62
{quote} Here is your Renko_YZ_Solar.ex4 EA Andre, It is based on two indicators: YZYZ and SolarWinds with adjustable inputs, has brick trail option, SL, TP, multitrade option (several same direction positions), may revert position without SL&TP activated. Must be loaded with above mentioned indicators in your \MQL4\Indicators folder. EA is not yet tested by myself. Don't forget to report testing results in order to know how your idea works. {file} {file}...
Hi friend thank you for your work and contribution , what kind of graphic renko recommend for this ea : non gap , rail to rail .... Thanks and many points for all
  • #1,837
  • Jul 18, 2016 9:31am Jul 18, 2016 9:31am
Quoting sevan62
{quote} Here is your Renko_YZ_Solar.ex4 EA Andre, It is based on two indicators: YZYZ and SolarWinds with adjustable inputs, has brick trail option, SL, TP, multitrade option (several same direction positions), may revert position without SL&TP activated. Must be loaded with above mentioned indicators in your \MQL4\Indicators folder. EA is not yet tested by myself. Don't forget to report testing results in order to know how your idea works. {file} {file}...
You are very kind Alex. thanks for your amazing work.
  • #1,838
  • Jul 18, 2016 9:41am Jul 18, 2016 9:41am
Quoting givik
{quote} Hi friend thank you for your work and contribution , what kind of graphic renko recommend for this ea : non gap , rail to rail .... Thanks and many points for all
Hi Givik,
The golden question you are asking mate. The matter is all indicators shows different values on different renko charts (normal, rail to rail, non-gap ...). Unfortunately i have no the best answer.
We have to test it by hystory charts scrolling with our eyes or back-test in MT4 or forward test. It is a big but useful peice of work. I use myself non-gap renko bars but i'm not sure my choice is the best one.
P.S. BTW EA may trade on any kind of usual as well as renko chart.
BR, alex
  • #1,839
  • Edited 10:07am Jul 18, 2016 9:46am | Edited 10:07am
Quoting andreedbert
{quote} You are very kind Alex. thanks for your amazing work.
You are welcome mate.
But be aware that being named as non-repainting your amazing Solar Winds joy - histo (no repaint with alert).mq4 indicator is repainting one. I've back- and forward-tested it.
P.S. BTW Have you solved your microlot live account non-trading issue?
BR, alex
  • #1,840
  • Jul 18, 2016 10:22am Jul 18, 2016 10:22am
Quoting sevan62
{quote} You are welcome mate. But be aware that being named as non-repainting your amazing Solar Winds joy - histo (no repaint with alert).mq4 indicator is repainting one. I've back- and forward-tested it. P.S. BTW Have you solved your microlot live account non-trading issue?
Yes, the problem not from the EA, but the broker change the regullation about EA. So by default they reset all the trade to not allow use EA.
Tommorow, i will get my permit to used EA again on my real account.

Okay alex, i will test it, actually i got it from the ather thread and not really observe that is repaint or not. i will notice about it. thanks mate.
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