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Renko Trading Discussion

  • #681
  • Jan 25, 2017 2:48pm Jan 25, 2017 2:48pm
Quoting MathTrader7
Working on a new indicator for Renko charts. {image}
beautiful
  • #682
  • Jan 25, 2017 3:19pm Jan 25, 2017 3:19pm
Quoting MathTrader7
Working on a new indicator for Renko charts. {image}
The first version of an EA which is trading based on this indicator, not bad but needs more work...
Attached Image (click to enlarge)
Click to Enlarge Name: BT.png Size: 33 KB
Trading is the hardest way to make easy money...
  • #683
  • Jan 25, 2017 3:29pm Jan 25, 2017 3:29pm
Here is a strategy what could ork too on the long run! Maybe you could test it and if it's good enough you could make an ea based on this strategy!

Sell/buy

if we get a revers brick we enter to that direction! SL is 3brick size. SL moved to BE when we get 2 brick profit. TP when we get a new reverse brick, and enter a new trade onthe other side!
IF we hit SL before we could set our SL to BE then we enter the new diretion with 2 brick SL, and so on...
I'v attached a picture, check it out, and look at your charts to see how profitable it is!
Attached Image (click to enlarge)
Click to Enlarge Name: Capture (1).PNG Size: 17 KB
  • #684
  • Jan 25, 2017 3:36pm Jan 25, 2017 3:36pm
Quoting zsolti84
Here is a strategy what could ork too on the long run! Maybe you could test it and if it's good enough you could make an ea based on this strategy! Sell/buy if we get a revers brick we enter to that direction! SL is 3brick size. SL moved to BE when we get 2 brick profit. TP when we get a new reverse brick, and enter a new trade onthe other side! IF we hit SL before we could set our SL to BE then we enter the new diretion with 2 brick SL, and so on... I'v attached a picture, check it out, and look at your charts to see how profitable it is! {image}...
This strategy will work great when market goes up and down tens of our Renko brick size (in one direction before changing its direction) and would be a disaster in tight ranging market. Nevertheless, I may give it a try...
Trading is the hardest way to make easy money...
  • #685
  • Jan 25, 2017 3:49pm Jan 25, 2017 3:49pm
Quoting MathTrader7
{quote} The first version of an EA which is trading based on this indicator, not bad but needs more work... {image}
The same settings, but variable lot size based on account balance... can't be true!
Attached Image (click to enlarge)
Click to Enlarge Name: BT2.png Size: 34 KB
Trading is the hardest way to make easy money...
  • #686
  • Jan 25, 2017 3:51pm Jan 25, 2017 3:51pm
Quoting MathTrader7
{quote} This strategy will work great when market goes up and down tens of our Renko brick size (in one direction before changing its direction) and would be a disaster in tight ranging market. Nevertheless, I may give it a try...
Ok thanks! yes , there will be times when we get a lot of SL hits, but on the long ru we can get big rewards too, and if you get 51%win of 100% you will be rich oneday!

Will be waiting for your results on this strategy!
  • #687
  • Jan 25, 2017 4:06pm Jan 25, 2017 4:06pm
Quoting MathTrader7
{quote} The same settings, but variable lot size based on account balance... can't be true! {image}
Very interesting Math...
Did you check the trades in visual mode to see entry and exit prices are at intended levels?
  • #688
  • Jan 25, 2017 4:18pm Jan 25, 2017 4:18pm
Quoting GoldTheHun
{quote} Very interesting Math... Did you check the trades in visual mode to see entry and exit prices are at intended levels?
Yes, they are at the intended levels. I'll start a forward test of this EA on my VPS tomorrow to see how it would work in practice. Probably not as good as what we see in the backtest, but who knows?
Trading is the hardest way to make easy money...
  • #689
  • Jan 25, 2017 4:32pm Jan 25, 2017 4:32pm
Quoting MathTrader7
{quote} Yes, they are at the intended levels. I'll start a forward test of this EA on my VPS tomorrow to see how it would work in practice. Probably not as good as what we see in the backtest, but who knows?
Well, good luck Math. I hope you get similar or better results..
One more question: Are you using trailing stops? I know trailing stops in backtests skews the results on the positive side... Just a heads up...
Thanks for your efforts.
Best..
  • #690
  • Jan 26, 2017 10:38am Jan 26, 2017 10:38am
Quoting MathTrader7
{quote} This strategy will work great when market goes up and down tens of our Renko brick size (in one direction before changing its direction) and would be a disaster in tight ranging market. Nevertheless, I may give it a try...
I would like to show you and others what could have been won or lost on usd/jpy with this strategy yesterday. Bricksize= 10pip (=1%; SL=3%)
Attached Image (click to enlarge)
Click to Enlarge Name: usd-jpy-jan25.PNG Size: 25 KB
  • #691
  • Jan 26, 2017 11:01am Jan 26, 2017 11:01am
Quoting MathTrader7
{quote} Yes, they are at the intended levels. I'll start a forward test of this EA on my VPS tomorrow to see how it would work in practice. Probably not as good as what we see in the backtest, but who knows?
MathTrader your back testing modeling quality is 25%. No offence but the results are pretty useless.
Find a way to back test with over >95% modeling quality if you want the results to be more realistic.
  • #692
  • Jan 26, 2017 11:34am Jan 26, 2017 11:34am
Quoting anax
{quote} MathTrader your back testing modeling quality is 25%. No offence but the results are pretty useless. Find a way to back test with over >95% modeling quality if you want the results to be more realistic.
I see your point, but It is not trivial to backtest Renko EAs with real ticks. The purpose of backtesting is to confirm the functionality of the EA, not its profitability.
Trading is the hardest way to make easy money...
  • #693
  • Jan 26, 2017 12:21pm Jan 26, 2017 12:21pm
Quoting MathTrader7
{quote} I see your point, but It is not trivial to backtest Renko EAs with real ticks. The purpose of backtesting is to confirm the functionality of the EA, not its profitability.
My apologies then my misunderstanding. Good luck.
  • #694
  • Jan 26, 2017 12:29pm Jan 26, 2017 12:29pm
Quoting anax
{quote} MathTrader your back testing modeling quality is 25%. No offence but the results are pretty useless. Find a way to back test with over >95% modeling quality if you want the results to be more realistic.
25% is maximum native MT4 backtesting quality when using M1 TF.
90% for higher TFs.
>90% may be achieved by using plugins only.
BR, alex
  • #695
  • Jan 26, 2017 12:43pm Jan 26, 2017 12:43pm
Quoting sevan62
{quote} 25% is maximum native MT4 backtesting quality when using M1 TF. 90% for higher TFs. >90% may be achieved by using plugins only.
I know. I was one of the default mt4 back testing inaccuracy victim's some years ago with several strategies, awesome back testing results but failure live.
Dukascopy tick data,tickstory, out of sample >30% of data and monte carlo simulation's now gives me a more realistic expectation.
  • #696
  • Jan 26, 2017 2:08pm Jan 26, 2017 2:08pm
Quoting zsolti84
{quote} I would like to show you and others what could have been won or lost on usd/jpy with this strategy yesterday. Bricksize= 10pip (=1%; SL=3%) {image}
Here is the first version of the EA that trades based on your idea.
Attached Image (click to enlarge)
Click to Enlarge Name: BT3.png Size: 34 KB
Attached File(s)
File Type: ex4 MT7_ZSolti84_RenkoEA.ex4   53 KB | 445 downloads
Trading is the hardest way to make easy money...
  • #697
  • Jan 27, 2017 5:35am Jan 27, 2017 5:35am
Het Math, thanks for the great work! I been reading/scanning these posts, but I can't seem to find how to backtest the EA"s as the backtester only recognises known timeframes. Maybe I missed something. Could you (are someone else) help me with this?

Thanks in advance!
  • #698
  • Jan 27, 2017 5:53am Jan 27, 2017 5:53am
Quoting sergelight
Het Math, thanks for the great work! I been reading/scanning these posts, but I can't seem to find how to backtest the EA"s as the backtester only recognises known timeframes. Maybe I missed something. Could you (are someone else) help me with this? Thanks in advance!
Hi, in the below link you can find one way to backtest Renko EAs. I don't use this method, I have my own way of backtesting Renko EAs.

http://www.forexfactory.com/showthread.php?t=572375
Trading is the hardest way to make easy money...
  • #699
  • Jan 27, 2017 8:27am Jan 27, 2017 8:27am
Quoting MathTrader7
{quote} Here is the first version of the EA that trades based on your idea. {image} {file}
Thanks for your effort! I will forward test it on eur/gbp and will tell you how it does!
  • #700
  • Edited 4:13pm Jan 30, 2017 3:59pm | Edited 4:13pm
Quoting MathTrader7
{quote} Here is the first version of the EA that trades based on your idea. {image} {file}
Hi Math! The EA what you made isn't working the way it should...

I've attached a picture, hope I don't confuse you with it

Here is the strategy again:

Buy/Sell
When we get a reverse brick, we enter to that side
SL
3bricks until it gets to +1brick, then our SL is when we get a revers brick (SL=2bricks)

IF our SL gets hit, we make another trade to the other side (if our sell trade got hit out, then we make a buy order, if our buy trade got knocked out, we make a sell order) with 2brick SL (or reverse brick)

TP
Our TP is our SL

Hope you can make these changes on the EA
THX
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 34 KB
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