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Lets Automate a Simple Renko Strategy!

  • #1,841
  • Edited 12:14pm Jul 18, 2016 12:01pm | Edited 12:14pm
Quoting writegvf
@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 !
Hi writegvf,
Here is your alarming indicator for VdubPivotChannel Indicator.
Attached File(s)
File Type: ex4 VdubPivotChannelAlert.ex4   8 KB | 449 downloads


I beleive that VdubPivotChannel it is good indicator but is is not correctly coded.
The best way is to rewrite it. So if somebody have its source code please kindly upload it.
Attached Image (click to enlarge)
Click to Enlarge Name: VDubPivot.png Size: 9 KB
BR, alex
  • #1,842
  • Jul 18, 2016 1:28pm Jul 18, 2016 1:28pm
@sevan62
Wonderful ! And maybe somebody also can give us the source code, we will see..
  • #1,843
  • Edited 6:09pm Jul 18, 2016 5:22pm | Edited 6:09pm
More than 100 trades closed till now. Should we switch to live, guys?
Attached Image (click to enlarge)
Click to Enlarge Name: RA18_4.gif Size: 56 KB

Trade report
Attached File(s)
File Type: zip RA18.zip   12 KB | 561 downloads
BR, alex
  • #1,844
  • Jul 18, 2016 5:30pm Jul 18, 2016 5:30pm
Quoting sevan62
More than 100 trades closed till now. Should we switch to live, guys? {image}
this is renkoandre?
with pair?
  • #1,845
  • Jul 18, 2016 6:08pm Jul 18, 2016 6:08pm
Quoting ordosgoitia
{quote} this is renkoandre?
Right.
Quoting ordosgoitia
{quote} with pair?
FAQ:

  1. EA is trading with default settings, 0.1 constant lot,
  2. EA is trading on non-gap renko offline charts with standard 10 pips brick size,
  3. Currency pairs may be seen from report.

BR, alex
  • #1,846
  • Jul 18, 2016 7:05pm Jul 18, 2016 7:05pm
Quoting sevan62
{quote} Right. {quote} FAQ: EA is trading with default settings, 0.1 constant lot, EA is trading on non-gap renko offline charts with standard 10 pips brick size, Currency pairs may be seen from report.
Hi Sevan62,
I did try to run the RenkoAndre EA for 2 days but it does not open any trade, Anyway I figure out it need to be running on OFFLINE chart form other EA. So I fix that. May I know which Renko Chart creator EA you use in your test? I use the Mathtrader7 Renko Chart Creator 1.4 (100 points) on M1 Chart. All default setting. I would really like to duplicate your setting and see how it goes on my broker.

Regards
Laikos
  • #1,847
  • Jul 18, 2016 8:06pm Jul 18, 2016 8:06pm
I put Renkoandre in real account, with 4 pairs, i will tell how works at the end of the week, nice work sevan.
  • #1,848
  • Jul 19, 2016 1:56am Jul 19, 2016 1:56am
@sevan62 do you set the brick trail to true or false in your forward testing?
  • #1,849
  • Edited 2:59am Jul 19, 2016 2:21am | Edited 2:59am
Quoting morne72
@sevan62 do you set the brick trail to true or false in your forward testing?
Dear morne72,
BrickTrail=False (default settings) as it is stated 3 posts above.

Quoting laikos
{quote} Hi Sevan62, I did try to run the RenkoAndre EA for 2 days but it does not open any trade,
Hi laikos,

  1. Do your broker allow auto trading?
  2. Can any other EA place orders on the same account? Can you place orders manualy with the same lot size?
  3. Do you see any errors in expert log tab? Better if you show it here.

Quoting laikos
{quote} ... Anyway I figure out it need to be running on OFFLINE chart form other EA. So I fix that. May I know which Renko Chart creator EA you use in your test? I use the Mathtrader7 Renko Chart Creator 1.4 (100 points) on M1 Chart. All default setting. I would really like to duplicate your setting and see how it goes on my broker. Regards Laikos
I use this Renko Offline Chart creator EA but imho Mathtrader7 EA is also OK.
I may offer you two more Renko Offline Chart creating instruments which are also working. Please pay attention that the first one is indicator and goes under MQL4\Indicators folder while the second is EA:
Attached File(s)
File Type: mq4 !MTH Renko Chart Builder Indi Ver 02.mq4   33 KB | 566 downloads

Attached File(s)
File Type: mq4 renkolivecharts_pimped_v4_13.mq4   20 KB | 506 downloads
BR, alex
  • #1,850
  • Jul 19, 2016 4:15am Jul 19, 2016 4:15am
Quoting sevan62
More than 100 trades closed till now. Should we switch to live, guys? {image} Trade report {file}
Hi,

my result is from a small live account (cents), working with five pairs since 14/07/2016.
Account is ROBO****X cent and leverage ist 500.
Pairs are AUDCAD/CADJPY/GBPJPY/GBPUSD and USDJPY.

As you can see, for the moment its working with a good profit after 53 trades.
Combined with your result of more than 100 trades it seems worthy to try it.

After a look in your report I see that you now use 7 pairs. Is that correct or did I miss one?

BTW: Is it allowed to post myfxbook-Links here?

Best regards
Michael
Attached Image (click to enlarge)
Click to Enlarge Name: Overview.PNG Size: 27 KB
  • #1,851
  • Jul 19, 2016 4:32am Jul 19, 2016 4:32am
Quoting Bullilulli
{quote} Hi, my result is from a small live account (cents), working with five pairs since 14/07/2016. Account is ROBO****X cent and leverage ist 500. Pairs are AUDCAD/CADJPY/GBPJPY/GBPUSD and USDJPY. As you can see, for the moment its working with a good profit after 53 trades. Combined with your result of more than 100 trades it seems worthy to try it. After a look in your report I see that you now use 7 pairs. Is that correct or did I miss one?{image}
Thanks alot Michael for your post.
You are the first after me who reported trading results.
Though performance is not excellent the account balance is increasing and i'm also happy with you mate.
I''ve changed trading pairs a couple of days ago in order to involve all the most volatile currencies in trading. Now they are GBPUSD, GBPJPY, USDJPY, GBPAUD, EURCAD. But i dont think everybody have to copy my trading pairs and EA settings as well as brick size. I use all the simplest and i can't assure that you my choice is the best one. We have to test.

Quoting Bullilulli
{quote} BTW: Is it allowed to post myfxbook-Links here? Best regards Michael {image}
I'm not admin here but i think it is a good idea bro.
BR, alex
  • #1,852
  • Jul 19, 2016 4:53am Jul 19, 2016 4:53am
hi sevan i know its off the topic,i wonder if you have tools for price action on offline charts?
  • #1,853
  • Edited 7:31am Jul 19, 2016 5:02am | Edited 7:31am
Regarding RenkoAndre EA i've noticed that sometimes EA entering positions with too tight targets. It causes reducing RR (Risk/Reward) ratio which is bad. SL is 2 brick + wick size whcih is 20-30 pips with standard 10 pips bricksize. While target is up to 5-10 pips. You may see this situation on the below chart. In order to filter out these low RR entries i added one more intup: Target Minimum. Hope it will help to improve EA performance.
P.S. EA is just from the oven, not yet tested.
Latest EA version attached.
Attached Image (click to enlarge)
Click to Enlarge Name: RA_mod.png Size: 182 KB

Attached Image

Attached File(s)
File Type: ex4 RenkoAndre.ex4   17 KB | 621 downloads
BR, alex
  • #1,854
  • Jul 19, 2016 5:21am Jul 19, 2016 5:21am
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 71 KB
  • #1,855
  • Jul 19, 2016 5:45am Jul 19, 2016 5:45am
I have another simple system to apply with renko, this system look like good win ratio and risk reward
and also none re-paint.

Buy setup
- Blue arrow show and that brick is closed
TP and SL
- Red arrow show and that brick is closed
---------------------------------------------------------
Sell setup
- Red arrow show and that brick is closed
TP and SL
- Blue arrow show and that brick is closed

indicator as attach file, Lets automate ......
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB
Attached File(s)
File Type: rar BuySell_2.0.rar   54 KB | 806 downloads
  • #1,856
  • Jul 19, 2016 5:46am Jul 19, 2016 5:46am
Quoting cikf2525
{image}
Hi cikf2525, you are welcome bro.
Looks a bit complicated with plenty of indicators.
Do you have some comments to your screenshot? How is it going on?
BR, alex
  • #1,857
  • Jul 19, 2016 6:13am Jul 19, 2016 6:13am
Quoting noogolf
I have another simple system to apply with renko, this system look like good win ratio and risk reward and also none re-paint. Buy setup - Blue arrow show and that brick is closed TP and SL - Red arrow show and that brick is closed --------------------------------------------------------- Sell setup - Red arrow show and that brick is closed TP and SL - Blue arrow show and that brick is closed indicator as attach file, Lets automate ...... {image} {file}
I've back-tested all four indicators from your archive.
Buy-Sell_Alerts.ex4, Snake.ex4 and T3_clean.ex4 indicators are definitely repainting.
The fourth uni_cross.ex4 is very heavy for CPU and failed to give any signal on back- and live account as well.
So the system may look pretty good on the history chart by differ radically in real-time.
May I offer you to try it on demo first?
BR, alex
  • #1,858
  • Jul 19, 2016 6:35am Jul 19, 2016 6:35am
Quoting sevan62
{quote} Dear morne72, BrickTrail=False (default settings) as it is stated 3 posts above. {quote} Hi laikos, Do your broker allow auto trading? Can any other EA place orders on the same account? Can you place orders manualy with the same lot size? Do you see any errors in expert log tab? Better if you show it here. {quote} I use this Renko Offline Chart creator EA but imho Mathtrader7 EA is also OK. I may offer you two more Renko Offline Chart creating instruments...
Hi Sevan62,
The EA is finally trading today. However i can see some error 129 trying to close order.
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 439 KB
  • #1,859
  • Edited 7:19am Jul 19, 2016 7:01am | Edited 7:19am
Quoting laikos
{quote} Hi Sevan62, The EA is finally trading today.
Hi laikos,
It is great, congratulations.
Will you please tell what was the reason of non-trading?

Quoting laikos
{quote}However i can see some error 129 trying to close order.
Thanks for bug-report buddy.
This issue may be caused by improper price received by EA from server. I've made some improvements in EA order closing algorithm and added printout data. Please replace EA with the latest version attached. And please back-test it who had error 138 while back-testing.
Attached File(s)
File Type: ex4 RenkoAndre.ex4   18 KB | 806 downloads
BR, alex
  • #1,860
  • Jul 19, 2016 7:18am Jul 19, 2016 7:18am
@sevan62 concerning Vdub Pivot channel indicator

HI the attached indic. gives the same results as the vdub indic., but uses different settings.
I know this is not the source code, but maybe you can work with it in a better way than with the other.

Greetings T
Attached File(s)
File Type: ex4 TMA+CG.ex4   24 KB | 469 downloads
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