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Renko Trading Discussion

  • #641
  • Jan 20, 2017 5:55am Jan 20, 2017 5:55am
Quoting zsolti84
{quote} Hi! I have an idea, maybe you could backtest it for us! I've attached your "nonlagdot" indicator and was wondering what would happen if the robot would start taking orders the direction of the previous "DOT" (blue=up, Red=down)? My idea is a bit of hedging but I think it could be a winner! The robot takes trades every time a new "dot" is shown! If we are lucky we can get a lot of buy/sell orders if the "dots" don't change color. We TP when color change occours. If we are in a range, the robot would take orders up and down too (hedging) till...
I'll think about it...
Trading is the hardest way to make easy money...
  • #642
  • Jan 20, 2017 6:06am Jan 20, 2017 6:06am
Hello MathTrader7, I want to know if you've ever studied a expert advisor who buy when the price closes above the moving average and sell when the price closes below the moving average
DO I SEE IN PHOTO
Attached Image (click to enlarge)
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  • #643
  • Jan 20, 2017 6:20am Jan 20, 2017 6:20am
Quoting MathTrader7
{quote} I'll think about it...
Ok thx
  • #644
  • Jan 20, 2017 6:36am Jan 20, 2017 6:36am
Quoting mickael58
Hello MathTrader7, I want to know if you've ever studied a expert advisor who buy when the price closes above the moving average and sell when the price closes below the moving average DO I SEE IN PHOTO {image}
Hi, what are the Renko size and the MA settings?
Trading is the hardest way to make easy money...
  • #645
  • Edited Jan 21, 2017 4:28am Jan 20, 2017 3:59pm | Edited Jan 21, 2017 4:28am
[Quote = MathTrader7; 9.461.274] {quote} Ciao, quali sono le dimensioni Renko e le impostazioni MA [/ quote]
la mia impostazione è lasso di tempo giornaliero SMA5
Attached Image (click to enlarge)
Click to Enlarge Name: Clip2net_170120225809.jpg Size: 164 KB
  • #646
  • Jan 20, 2017 5:09pm Jan 20, 2017 5:09pm
Quoting mickael58
{quote} my setting is daily time frame {image}
i think its better to put it on the 1 minute timeframe my friend.
  • #647
  • Jan 21, 2017 4:38am Jan 21, 2017 4:38am
Quoting metta87
{quote} i think its better to put it on the 1 minute timeframe my friend.
the graph is very clean with Daily settings
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Clip2net_170121113344.jpg Size: 356 KB
  • #648
  • Jan 21, 2017 5:36am Jan 21, 2017 5:36am
Quoting mickael58
{quote} the graph is very clean with Daily settings {image} {image}
With daily time frame, the Renko bars of the history are not realistic. The closest Renko reconstruction to the reality can be made with M1 history data.
Trading is the hardest way to make easy money...
  • #649
  • Jan 21, 2017 5:43am Jan 21, 2017 5:43am
Quoting MathTrader7
{quote} With daily time frame, the Renko bars of the history are not realistic. The closest Renko reconstruction to the reality can be made with M1 history data.
you can make an expert that opens and closes with a SMA5 positions, then we do a test? I think it might work
  • #650
  • Jan 21, 2017 7:29am Jan 21, 2017 7:29am
Quoting MathTrader7
Here is Version 1.01 of Renko EA based on Non-lag Dot indicator. Note: It works on MT4 build 970+. {file} {file}
Does the nonlagdot inicator repaint?
  • #651
  • Edited 10:43am Jan 22, 2017 10:16am | Edited 10:43am
Quoting mickael58
{quote} you can make an expert that opens and closes with a SMA5 positions, then we do a test? I think it might work
Here is the first version of such a Renko EA. I added additional ADX filter, if you want to disable it, set ADX Threshold to zero.
Note 1: This EA only works on non-gap Renko charts.
Note 2: The following backtest was performed using the default settings of the EA.
Attached Image (click to enlarge)
Click to Enlarge Name: BT_001.png Size: 35 KB
Attached File(s)
File Type: ex4 MT7_RenkoTradeOverCloseEA.ex4   62 KB | 665 downloads
Trading is the hardest way to make easy money...
  • #652
  • Jan 22, 2017 11:41am Jan 22, 2017 11:41am
Quoting zsolti84
{quote} Hi! I have an idea, maybe you could backtest it for us! I've attached your "nonlagdot" indicator and was wondering what would happen if the robot would start taking orders the direction of the previous "DOT" (blue=up, Red=down)? My idea is a bit of hedging but I think it could be a winner! The robot takes trades every time a new "dot" is shown! If we are lucky we can get a lot of buy/sell orders if the "dots" don't change color. We TP when color change occours. If we are in a range, the robot would take orders up and down too (hedging) till...
Here is the first version of such a Renko EA. This version uses one of standard Moving Averages in MT4.
Note 1: This EA only works on non-gap Renko charts.
Note 2: The following backtest was performed using the default settings of the EA.
Attached Image (click to enlarge)
Click to Enlarge Name: BT_RTEB_001.png Size: 47 KB
Attached File(s)
File Type: ex4 MT7_RenkoTradeEveryBarEA.ex4   63 KB | 645 downloads
Trading is the hardest way to make easy money...
  • #653
  • Jan 22, 2017 12:01pm Jan 22, 2017 12:01pm
Quoting MathTrader7
{quote} Here is the first version of such a Renko EA. I added additional ADX filter, if you want to disable it, set ADX Threshold to zero. Note 1: This EA only works on non-gap Renko charts. Note 2: The following backtest was performed using the default settings of the EA. {image} {file}
thanks i try it right away as soon as the market opens
  • #654
  • Jan 22, 2017 1:11pm Jan 22, 2017 1:11pm
Quoting MathTrader7
{quote} Here is the first version of such a Renko EA. This version uses one of standard Moving Averages in MT4. Note 1: This EA only works on non-gap Renko charts. Note 2: The following backtest was performed using the default settings of the EA. {image} {file}
What percentage of risk are you using for the backtests? Or is it always a constant lot size?
  • #655
  • Jan 22, 2017 1:12pm Jan 22, 2017 1:12pm
Quoting PipsTorrent
{quote} What percentage of risk are you using for the backtests? Or is it always a constant lot size?
In above backtests I have used fixed lot size.
Trading is the hardest way to make easy money...
  • #656
  • Jan 22, 2017 7:37pm Jan 22, 2017 7:37pm
Quoting MathTrader7
{quote} In above backtests I have used fixed lot size.
Hi MT7, in the Strategy Tester, I do not have the M2 period selection, what should be the right way to backtest?
  • #657
  • Jan 22, 2017 9:01pm Jan 22, 2017 9:01pm
Quoting belief
{quote} Hi MT7, in the Strategy Tester, I do not have the M2 period selection, what should be the right way to backtest?
http://www.forexfactory.com/showthre...46#post8673446
  • #658
  • Jan 23, 2017 7:40am Jan 23, 2017 7:40am
Quoting MathTrader7
{quote} Here is the first version of such a Renko EA. This version uses one of standard Moving Averages in MT4. Note 1: This EA only works on non-gap Renko charts. Note 2: The following backtest was performed using the default settings of the EA. {image} {file}

Thanks a lot for making this EA for me! I will test it right away on my real account and will give you (and for others) feedback how it works!
  • #659
  • Edited 1:28pm Jan 23, 2017 8:05am | Edited 1:28pm
Quoting MathTrader7
{quote} Here is the first version of such a Renko EA. I added additional ADX filter, if you want to disable it, set ADX Threshold to zero. Note 1: This EA only works on non-gap Renko charts. Note 2: The following backtest was performed using the default settings of the EA. {image} {file}
hello, unfortunately I tried your epert, but does not open me even a business, unfortunately it does not work, you can correct it? thank you
works fine with default settings, but does not work if Set ADX Threshold to zero
  • #660
  • Edited 9:18am Jan 23, 2017 8:22am | Edited 9:18am
Quoting MathTrader7
{quote} Here is the first version of such a Renko EA. This version uses one of standard Moving Averages in MT4. Note 1: This EA only works on non-gap Renko charts. Note 2: The following backtest was performed using the default settings of the EA. {image} {file}
I've found a problem... it doesn't open buy trades when the nonlagdot is blue...it opens sell trades! Woould you be so kind to check it out? I've attached the EA with the basic settings, I only changed the lot size. My chart has only the nondatlog indicator and your renko chart with 10pips/brick size!
Attached Image
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