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Lets Automate a Simple Renko Strategy!

  • #1,981
  • Edited 4:28pm Aug 19, 2016 2:35pm | Edited 4:28pm
Quoting earmarques
{quote} Hi sevan62, Talking about data accuracy, I'd like to get you opinion about this: I've tested an EA with pepperstone data. The data quality was 64% in the results report. In order to get this data I've loaded all data possible provided by pepperstone in all timeframes. Then to get more data ticks I've loaded data from metaquotes using the History Center. Then I run the test again and got 90% data quality. I ask you if the MT4 loads the data setting up the GMT offset of that data with of the broker. Is this result reliable? If you have some...
Hi earmarques,
We are in a Renko trading thread now but i hope you are posting about usual TF (not Renko) bactesting coz Renko backtesting is another big story.

  1. The fist is the most important thing is that almost all MT4 brokers cuts off M1 downloading history up to 2 months. It is a period on which you may have the maximum avalable native MT4 backtesting quality of 90%. You have to switch to M1 TF and press PgUp or Home button and wail till all M1 data would be downloaded. Another way is to use scripl forcedloadhistory which do the same work but without pressing a button. If you want to have a longer M1 period (more than 2 months) you have to open MT4, M1 chart and stay connected to brokers server as long as you need. You may also connect from time to time but with pauses not more than 2 weeks.
  2. In case you load data using History Center you should know that this data has nothing to do with your brokers data. Histoy Center data is MQ (MetaQuotes) data and it is the worst data i have ever seen. It is not reliable while backtesting using MQ History Center. Yes while loading from MQ History Center MT4 would adjust time offset according your broker GMT offset.
  3. The last thing which have a great effect on backtesting is EA principles. The most accurate and the fastest backtesting may be obtained if your EA makes all actions (open/close and trail postition) on close bars only. And you dont need to to care of 90% modeling quality in this case. You should have only the data for TF you are backtesting and you may use the fastest model "open prices only". The highest data quality requirements when you are testing on M1 TF and EA may open/close or trail position on the same bar.

BR, alex
  • #1,982
  • Aug 19, 2016 3:55pm Aug 19, 2016 3:55pm
Quoting sevan62
{quote} Hi earmarques, We are in a Renko trading thread now but i hope you are posting about usual TF (not Renko) bactesting coz Renko backtesting is another big story. The fist is the most important thing is that almost all MT4 brokers cuts off M1 downloading history up to 2 months. It is a period on which you may have the maximum avalable native MT4 backtesting quality of 90%. You have to switch to M1 TF and press PgUp or Home button and wail till all M1 data would be downloaded. Another way is to use scripl forcedloadhistory which do the same...
sevan62,

You were very polite in your response and thank you very much for that. I heed not the fact that this topic not related to metatrader data. Thank you for the explanation.

  • #1,983
  • Aug 21, 2016 2:57am Aug 21, 2016 2:57am
hey sevan

any updates with the renkovdub still using it?

blam

Quoting sevan62
At the moment imho more promissing looks another my "Simple Renko Strategy" EA. It is RenkoVdub. You may try and compare it with previous one. It needs to have Vdub_Pivot_Channel indicator in your MQL4/Indicators folder. You may also attach it to your charts for visualization. {file} {file} Less than one month results with constant 0.1 lot. {file} {image}
  • #1,984
  • Aug 21, 2016 5:54am Aug 21, 2016 5:54am
Yes Sevan,

Can you include SL TP and Reverse parameter control in RenkoVDub, pleeeze?
  • #1,985
  • Aug 21, 2016 5:01pm Aug 21, 2016 5:01pm
Quoting blamshakk
hey sevan any updates with the renkovdub still using it? blam {quote}
Hi blamshakk,
I was not using this EA. Only testing it. Now paused testing being time limited. Maybe some updates recently.
BR, alex
  • #1,986
  • Aug 21, 2016 5:04pm Aug 21, 2016 5:04pm
Quoting Sizzles
Yes Sevan, Can you include SL TP and Reverse parameter control in RenkoVDub, pleeeze?
Yes Sizzles,
you hornored me to address your first post to me so i cannt refuse mate.
Stay tuned.
BR, alex
  • #1,987
  • Aug 22, 2016 1:38pm Aug 22, 2016 1:38pm
Quoting Sizzles
Yes Sevan, Can you include SL TP and Reverse parameter control in RenkoVDub, pleeeze?
Specially for you mate.
RenkoVdub EA with SL & TP & Reverse trade mode.
Attached File(s)
File Type: ex4 REnkoVdub.ex4   22 KB | 685 downloads
BR, alex
  • #1,988
  • Aug 22, 2016 4:05pm Aug 22, 2016 4:05pm

Whoa! Thank you very much!
I will let you know how I get on.
  • #1,989
  • Aug 23, 2016 4:16am Aug 23, 2016 4:16am
Hi everyone,

Thank you all for your time and effort.
I've been testing RenkoAndre EA on a AWS machine for almost a month now.
Here are the results. I used a lot of forex pairs.
Attached File(s)
File Type: zip DetailedStatement.zip   16 KB | 733 downloads
  • #1,990
  • Edited 6:01am Aug 23, 2016 4:25am | Edited 6:01am
Quoting sevan62
{quote} Specially for you mate. RenkoVdub EA with SL & TP & Reverse trade mode. {file}
Hi Sevan,

There is a fault with your latest Renko Vdub.
I tested it in Reverse and Normal mode.
Sell trades have no SL or TP set in both modes.
Buy trades are ok.
  • #1,991
  • Aug 23, 2016 2:17pm Aug 23, 2016 2:17pm
Quoting Sizzles
{quote} Hi Sevan, There is a fault with your latest Renko Vdub. I tested it in Reverse and Normal mode. Sell trades have no SL or TP set in both modes. Buy trades are ok.
Sorry for inconvenience buddy.
Here is fixed version.
Attached File(s)
File Type: ex4 REnkoVdub.ex4   22 KB | 995 downloads
BR, alex
  • #1,992
  • Edited 7:43pm Aug 23, 2016 7:14pm | Edited 7:43pm
Quoting sevan62
{quote} Sorry for inconvenience buddy. Here is fixed version. {file}
Hello again Sven, nnnearly there but not quite.
It's placing some strange numbers for the Sell trades, see picture.
Buy trades look ok.
I'm using 50 for SL and TP.

Attached Image (click to enlarge)
Click to Enlarge Name: strangeSLTP.jpg Size: 113 KB
  • #1,993
  • Aug 24, 2016 1:29am Aug 24, 2016 1:29am
Quoting Sizzles
{quote} Hello again Sven, nnnearly there but not quite. It's placing some strange numbers for the Sell trades, see picture. Buy trades look ok. I'm using 50 for SL and TP. {image}
Hi Sizzles,
Please try this one.
Attached File(s)
File Type: ex4 REnkoVdub.ex4   23 KB | 1,049 downloads
BR, alex
  • #1,994
  • Edited 6:23pm Aug 24, 2016 5:31pm | Edited 6:23pm
Quoting sevan62
{quote} Hi Sizzles, Please try this one. {file}
Thank you Sven, it's looks to be working well now. You're a man of your word.
Early Strategy Test results look promising. I'll post forward results when I've given it a good run.

You're probably sick of looking at code right now, but...
I thought an additional (and simple) feature would compliment the RenkoVDub trade entry method.
If you added a parameter that allowed you to isolate UP trends from Down trends and visa versa, we could optimize SL TP ranges for each trade direction the Vdub Pivot Channel indicates.
In the EA settings this could be via a dropdown menu that looked something like:

Trade Direction >

Trade Up & Down
This is how the EA currently operates. Opening trades when a market has reached either an extreme high or extreme low point.
Trade Down Only
This setting would only open trades when a market has reached an extreme high and is expected to fall.
Trade Up Only
This setting would only open trades when a market has reached an extreme low and is expected to go up.

Perhaps you could look at this when you have a free moment, sometime?
  • #1,995
  • Edited 11:46am Aug 25, 2016 5:19am | Edited 11:46am
Hello friends!
Here is my chart preset for Renko boxes method.
I use EMA (24 or 35) to identify prevailing trend and EMA 2 crossing EMA 2 shifted 3bars for entry signals .
Im relatively noob to trading, so I dont claim my preset to be good or correct and any critics and advices are welcome, but I offer it just to picture my idea on another way to automate Renko method.
We have a well known Universal MA Cross EA which offers flexible entry rules with different filters (like third MA to identify main trend and cross filters by number of bars and price points) and money management options.
I think this EA could be successfully used with Renko method. Using my preset example, we could set EA to buy when EMA 2 crosses up EMA 2 shifted 3 bars and reverse for sell with filters to open trades only with a trend defined by EMA 35 direction and at defined cross distance (variations are endless).
I have just launched it for forward testing on VPS, and for best results EA settings require further polishing, but I think it could work.
Any ideas on using this EA with Renko are welcome.

Attached Image (click to enlarge)
Click to Enlarge Name: My Renko preset.jpg Size: 271 KB
Attached File(s)
File Type: mq4 UniversalMACrossEA_V7.2.mq4   33 KB | 799 downloads
For want of a nail the kingdom was lost.
  • #1,996
  • Aug 25, 2016 8:23am Aug 25, 2016 8:23am
Quoting Sizzles
{quote} Thank you Sven, it's looks to be working well now. You're a man of your word. Early Strategy Test results look promising. I'll post forward results when I've given it a good run. You're probably sick of looking at code right now, but... I thought an additional (and simple) feature would compliment the RenkoVDub trade entry method. If you added a parameter that allowed you to isolate UP trends from Down trends and visa versa,
Already added. It is "EMA200 Trend Following filter". EA will respect trend if you activate it. Open EA setting and you'll find it.

Quoting Sizzles
{quote}
we could optimize SL TP ranges for each trade direction the Vdub Pivot Channel indicates. In the EA settings this could be via a dropdown menu that looked something like: Trade Direction > Trade Up & Down This is how the EA currently operates. Opening trades when a market has reached either an extreme high or extreme low point.
Will you be so kind as to share your skill how to define these two simple events. Imho we need nothing to grow rich except this type of knowledge.
BR, alex
  • #1,997
  • Aug 25, 2016 11:51am Aug 25, 2016 11:51am
hi traders,
hope you doing fine, I just start using this Renko automated strategy, but i am unable to configure my m2 chart,
its not showing full candles of one day, as you can see
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m2-fxpro-financial-services.png Size: 35 KB
  • #1,998
  • Aug 25, 2016 11:52am Aug 25, 2016 11:52am
also not showing smiley face on right top corner of renko mod
  • #1,999
  • Aug 27, 2016 2:19am Aug 27, 2016 2:19am
Quoting sevan62
{quote} Already added. It is "EMA200 Trend Following filter". EA will respect trend if you activate it. Open EA setting and you'll find it. {quote} Will you be so kind as to share your skill how to define these two simple events. Imho we need nothing to grow rich except this type of knowledge.
Yeah. It was early in the morning when I wrote that, I was referring to the market extremes as visualised by the VDub Channel boundaries.

The additional feature that I kindly request is simply this: A method to trade RenkoVDub buy signals only or, sell signals only.
Could you include this please?
  • #2,000
  • Aug 27, 2016 3:18am Aug 27, 2016 3:18am
Quoting sevan62
{quote} Already added. It is "EMA200 Trend Following filter". EA will respect trend if you activate it. Open EA setting and you'll find it. {quote} Will you be so kind as to share your skill how to define these two simple events. Imho we need nothing to grow rich except this type of knowledge.
Hi sevan62,

first of thanks for your EA, I am testing it right now and it looks good so far..need more testing tho.
I was wondering you you could provide us with mq4 file so we know whats behind the source code and how will EA react in different situations.
If you still developing this I would like to see variable SL with last swing or previous candle high/low...possible break even and more customizable stuff like that.
Thanks again for all your hard work it is much appreciated.

Thanks for your reply.
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