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Lets Automate a Simple Renko Strategy!

  • #1,881
  • Jul 20, 2016 7:57am Jul 20, 2016 7:57am
Quoting Techanalyst
{quote} Will renko chart work on any currency pair or just EURUSD?
Do you mean RenkoChartBuilder?
Yes, it must work on any currency pair as well as any other my EA. It is not hard to try.
BR, alex
  • #1,882
  • Jul 20, 2016 8:10am Jul 20, 2016 8:10am
Quoting ww9528ww
{quote} I just joined this thread, there are a few questions you need to answer Does RenkoAndre EA need to load the indicators in the diagram? Stop should be how to set up? Could you send me your TPL file? Thank you {image}
You are welcome, ww9528ww,
RenkoAndre EA dosn't need any custom indicators. It utilises standart MA & Stochastic indicators from MT4 box.
You do not have even to attach these EMA & Stoch, they are for visualization only.
You are free so set SL on you desidion. I use auto SL which EA place on the nearest hi/lo + 2pips which is default one.
My template is attached.
Attached File(s)
File Type: tpl Renko Andre.tpl   2 KB | 618 downloads
BR, alex
  • #1,883
  • Jul 20, 2016 8:17am Jul 20, 2016 8:17am
Quoting sevan62
One more Renko approach is ready for you mates. It is also a sort of simple strategy from this post. Looking not too bad by now. Let us see how it will go on. I advice you to start with default settings. P.S. No one additional indicator is necessary for this EA. {image} {file}
I found a different, have any effect?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RenkoAndre.png Size: 106 KB
Click to Enlarge Name: 捕获3.PNG Size: 25 KB
  • #1,884
  • Jul 20, 2016 8:19am Jul 20, 2016 8:19am
Quoting sevan62
{quote} Do you mean RenkoChartBuilder? Yes, it must work on any currency pair as well as any other my EA. It is not hard to try.
Correct, trying it on GBPUSD and USDJPY and it works thanks.
  • #1,885
  • Jul 20, 2016 8:37am Jul 20, 2016 8:37am
Hi sevan62, thank you for your RenkoAndre EA.

Which renko indicator do you use with your RenkoAndre EA? What would be your parameters for this renko indicator?
Guppy re-invented All Time Return: 83.3%
  • #1,886
  • Jul 20, 2016 9:28am Jul 20, 2016 9:28am
can you load up the latest mq4, need to do some changes in the code
  • #1,887
  • Jul 20, 2016 2:15pm Jul 20, 2016 2:15pm
Quoting sevan62
{quote} Welcome, spyderman, You may attach EA to any chart renko or regular with any standard TF. It will work.

Thanks Sevan,

It works great on a 10 pip brick chart but seems to not take any trades when I put it on like a 1 pip brick.
  • #1,888
  • Jul 20, 2016 2:23pm Jul 20, 2016 2:23pm
Quoting 8tango
Hi sevan62, thank you for your RenkoAndre EA. Which renko indicator do you use with your RenkoAndre EA? What would be your parameters for this renko indicator?
Please scroll back some posts/pages, already answered several times.
BR, alex
  • #1,889
  • Edited 3:16pm Jul 20, 2016 2:25pm | Edited 3:16pm
Quoting spyderman
{quote} Thanks Sevan, It works great on a 10 pip brick chart but seems to not take any trades when I put it on like a 1 pip brick.
1 pip brick?
Are you kidding?
It is impossible to correctly reproduce 1 pip brick chart from MT4 M1 history which has no ticks saved. And 1 pip brick cant filter any noise from price movements. Just my two cents.
BR, alex
  • #1,890
  • Edited 3:13pm Jul 20, 2016 2:27pm | Edited 3:13pm
Quoting ww9528ww
{quote} I found a different, have any effect? {image} {image}
Don't pay attention mate.
BR, alex
  • #1,891
  • Jul 20, 2016 3:58pm Jul 20, 2016 3:58pm
I trade with the Renko NonGap EA (download here) and brick 5 because the retrace brick had 10 and with brick 10
had the retrace brick 20 and the Orders come to late. With brick 5 are come the orders earlier
- the EA is under developement and not finished now -

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_Renko_20.07.png Size: 130 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_Renko_20.07_2.png Size: 109 KB
  • #1,892
  • Jul 20, 2016 5:02pm Jul 20, 2016 5:02pm
Quoting Alberto_Jazz
{quote} So only the cross between candles and moving average is the rule? Are you not using the other indicators in the graph?
all indicators agree with buy and sell
  • #1,893
  • Jul 20, 2016 6:13pm Jul 20, 2016 6:13pm
Quoting ghostbiker
I trade with the Renko NonGap EA (download here) and brick 5 because the retrace brick had 10 and with brick 10 had the retrace brick 20 and the Orders come to late. With brick 5 are come the orders earlier - the EA is under developement and not finished now - {image} {image}
Great results so far!
Congratulations.
Feel free to apply for any help in further development if you need it.
BR, alex
  • #1,894
  • Jul 20, 2016 6:15pm Jul 20, 2016 6:15pm
ghostbiker any estimate for a release date if you will be releasing this?

Quoting ghostbiker
I trade with the Renko NonGap EA (download here) and brick 5 because the retrace brick had 10 and with brick 10 had the retrace brick 20 and the Orders come to late. With brick 5 are come the orders earlier - the EA is under developement and not finished now - {image} {image}
  • #1,895
  • Jul 20, 2016 9:11pm Jul 20, 2016 9:11pm
Hi Sevan62,
The EA is been doing great so far (version 1.13). I did not see any error in the Journal and it trading nicely.
Small suggestion from myself is if you can implement a circuit breaker type function for unforeseen type circumstances.
1. Stop all trade when losses > (Set Amount)
2. Also add notification function option to allow EA to send messages for
a.) Heartbeat (Every 4 hrs or so, just to know that system is running)
b.) TP/SL
c.) Circuit breaker occurred

Overall this EA is really great
Attached Image (click to enlarge)
Click to Enlarge Name: renkoAndre1.13_png.png Size: 199 KB

Regards
SC Lai
  • #1,896
  • Jul 20, 2016 9:35pm Jul 20, 2016 9:35pm
Quoting ghostbiker
I trade with the Renko NonGap EA (download here) and brick 5 because the retrace brick had 10 and with brick 10 had the retrace brick 20 and the Orders come to late. With brick 5 are come the orders earlier - the EA is under developement and not finished now - {image} {image}
share your system and sefiles pls

i try ea


login: 2089158858

pass: tm58858

server: Tickmill-DemoUK
  • #1,897
  • Jul 20, 2016 9:58pm Jul 20, 2016 9:58pm
Quoting sevan62
{quote} Hi enciks, Please check: Is auto trading is allowed in EA properties and Tools -> Options -> Expert Advisors? Do your broker allow auto trading? Can any other EA place orders on the same account with the same lot size? Can you place orders on the same account with the same lot size? Do you see EA smiling face in the right upper corner of the chart EA attached to?

Hi Sevan62,
Yes my broker allows EA. I checked everything and it fit the requirement. Still getting the same error. My step as follows:
1. Open chart of preferred currency
2. Load the Renko chart
3. Load the Renko Andre EA, turn on the dll/autotrading
4. Leave the system

Is it correct right?
  • #1,898
  • Jul 21, 2016 1:24am Jul 21, 2016 1:24am
Quoting encikis
{quote} Hi Sevan62, Yes my broker allows EA. I checked everything and it fit the requirement. Still getting the same error. My step as follows: 1. Open chart of preferred currency 2. Load the Renko chart 3. Load the Renko Andre EA, turn on the dll/autotrading 4. Leave the system Is it correct right?
Hi encikis,
Have you previously worked with renko offline charts?
Please check:

 

  1. Is your renko offline chart is updating?
  2. Can any other EA place orders on the same account with the same lot size the same renko offline chart?
  3. Can you place orders manualy on the same account with the same lot size the same renko offline chart?
  4. Do you see EA smiling face in the right upper corner of the chart EA attached to?

BR, alex
  • #1,899
  • Jul 21, 2016 1:33am Jul 21, 2016 1:33am
Quoting laikos
Hi Sevan62, The EA is been doing great so far (version 1.13). I did not see any error in the Journal and it trading nicely. Small suggestion from myself is if you can implement a circuit breaker type function for unforeseen type circumstances. 1. Stop all trade when losses > (Set Amount) 2. Also add notification function option to allow EA to send messages for a.) Heartbeat (Every 4 hrs or so, just to know that system is running) b.) TP/SL c.) Circuit breaker occurred Overall this EA is really great {image} Regards SC Lai
Hi laikos,
Thank you for valuable offer. But currently i'm concentrated on how to improve EA performance but all Money Management & account protection & notification functions/options are suitable for live trading EA. I'm not ready yet to attach EA to live account and wouldn't advise it to you also.

Quoting laikos
Small suggestion from myself is ...
b.) TP/SL
EA has already SL.
You may change TP by "EMA period for exit" input parameter.
BR, alex
  • #1,900
  • Jul 21, 2016 1:42am Jul 21, 2016 1:42am
ea not closed candle color changed after

and

ea inputs 20pip tp also not working

i m attached screenshot
Attached Image(s) (click to enlarge)
Click to Enlarge Name: not booked.png Size: 33 KB
Click to Enlarge Name: tgt.jpg Size: 168 KB
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