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I will code & automate your strategy for free 100 replies

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Attachments: Lets Automate a Simple Renko Strategy!
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Lets Automate a Simple Renko Strategy!

No need to test if MA2 repaints, you just have to look at the arrows. This is an indicator that shows the cross of two MAs, I believe. In the real world, the two MAs fist cross to one side (up of down), and then to the other. There canīt be two arrows in a row pointed to the same side, at least in the real world.
Sorry for my english
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Quoting reteid2222
{quote} SL under the last brick? {image}
Here is one BIG misunderstanding going on here.
I do not know this Renko system, have posted it on this form to find out if a member have not done it because that what is say: Lets Automate a Simple Renko Strategy
http://www.forexfactory.com/showthre...47#post9496747
subbusuper gave the ex4
http://www.forexfactory.com/showthre...96#post9496896
mq4 in
http://www.forexfactory.com/showthre...20#post9497020

I do not know if this is right or wrong
http://www.forexfactory.com/showthre...31#post9497631
Keep it Simple
I have been trading with Renko charts for a few years now but I trade manually using the crossing of EMA 10 and 21. T his is quite efficient on currency pairs that have a high daily ADR because in order to obtain that high ADR the currency pair normally will trend for a long time and that trend results in good profits. Of course this is not always the case and the market can be choppy at times as seen on the bottom left of yesterday's chart of GBPJPY (first chart). However, after the choppy period a long trend established itself (160 pips between the candles with the arrows). This easily covered the losses that occurred in the choppy market. Today is exactly the same as yesterday (second chart). After a short period of choppy market GBPJPY trended down almost all day and was still trading down when I wrote this. From the candle on the last arrow to the end of the chart 150 pips gain. What else can a trader ask? Of course I miss many trades and a nice EA would solve the problem. Batir stated above "In the real world, the two MAs fist cross to one side (up of down), and then to the other. There canīt be two arrows in a row pointed to the same side, at least in the real world." Well, my charts are from the real world and if you take a look in the middle of the second chart you will see a 2 up arrows and 3 down arrow. Obviously there is a missing up arrow. This looks abnormal but it is normal since indicators don't always work 100% and sometimes they miss a tick. The same happens with EAs so my conclusion is that we should be careful using them and that translates into a hard stop loss.

Happy trading all.
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Quoting Hutch
In the real world, the two MAs fist cross to one side (up of down), and then to the other. There cant be two arrows in a row pointed to the same side, at least in the real world
It is good to read a lot
The cross was there. Algorithm or comparison method must be change between ma[0] > ma[1] to ma[0] >= ma[1]
Which indicator do you use for the arrow?
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Keep it Simple
Quoting Tekkies
{quote} You are more then welcome. use renkolivecharts_pimped_v4_1 boxsize 5 use MA (5,0,Simple, high,Yellow) + MA (5,0,Simple, low,Blue) The trigger is when MA Yellow cut the upper renko block for a sell signal and also place a then subsequitly ekstra sell orders with an trailing stoploss in step with evey renko block The same happen with MA Blue The orders are only placed when the "cut renko block" is completed. Did not look as yet to the code of MA Trailer. Using a Virtual Magnifying Glass you can see that is the name in the back tester {image}...
What a waste of time.
From: FX_Blue_Labs_-_Renko_indicator.pdf
2.7
Warning: using Renko data in MT4 backtesting
Using various third-party tools, it is possible to feed custom price data into the MT4 strategy tester.
For example, you can take an offline chart (the .hst file) created by the Renko indicator and use that in MT4 backtesting.
Using Renko data as the input for backtesting is quite popular in the MT4 community.
However, you should not do this. You will get unrealistic, very favourable results.
It is possible to write an EA which places 100% winning trades when backtested on Renko data rather than normal price data (because the presence or absence of a gap between the current bar-open price and the last bar-close price tells you which direction the price is about to move in).
More generally, EA results will tend to be unrealistic even if the EA is not deliberately trying to exploit the price clues in the Renko data.
For example, measures of volatility will increase when a Renko reversal is happening (because of the gap between last-close and currentopen), and an EA which uses volatility as one of its strategies will in effect be looking at a characteristic of the Renko data rather than real price information which it would have had historically in real life
Keep it Simple
Quoting Tekkies
{quote} What waste of time. From: FX_Blue_Labs_-_Renko_indicator.pdf 2.7 Warning: using Renko data in MT4 backtesting Using various third-party tools, it is possible to feed custom price data into the MT4 strategy tester. For example, you can take an offline chart (the .hst file) created by the Renko indicator and use that in MT4 backtesting. Using Renko data as the input for backtesting is quite popular in the MT4 community. However, you should not do this. You will get unrealistic, very favourable results. It is possible to write an EA which places...
That is true, however testing EA running on a Renko chart generated from the M1 (or whatever timeframe) is not the only way in MT4. For performance tests, the tester must go for the tick based Renko charts, like the one generated with the FXT Builder. Then the Renko charts testing gives the same confidence as the popular 99% timeframe tests.
Quoting Halley
{quote} That is true, however testing EA running on a Renko chart generated from the M1 (or whatever timeframe) is not the only way in MT4. For performance tests, the tester must go for the tick based Renko charts, like the one generated with the FXT Builder. Then the Renko charts testing gives the same confidence as the popular 99% timeframe tests.
http://www.forexfactory.com/showthread.php?t=535170
MathTrader7_RenkoChartCreatorEA.ex4
will work?
Weekend is used to tinker with EA and code. That EA in that video is really bugging the jeeppers out of me.

Can finger point the code of the "cut" renko blok by 5EMA high.
Also there are a few icustomes in use by the ea that is not showed,
Keep it Simple
Quoting Tekkies
{quote} http://www.forexfactory.com/showthread.php?t=535170 MathTrader7_RenkoChartCreatorEA.ex4 will work? Weekend is used to tinker with EA and code. That EA in that video is really bugging the jeeppers out of me. Can finger point the code of the "cut" renko blok by 5EMA high. Also there are a few icustomes in use by the ea that is not showed,
I was replying about the Renko backtesting, not about the generators of offline charts. The backtested Renko chart generated by the 3rd party is not related to any particular live chart generator.
Quoting Hutch
I have been trading with Renko charts for a few years now but I trade manually using the crossing of EMA 10 and 21. T his is quite efficient on currency pairs that have a high daily ADR because in order to obtain that high ADR the currency pair normally will trend for a long time and that trend results in good profits. Of course this is not always the case and the market can be choppy at times as seen on the bottom left of yesterday's chart of GBPJPY (first chart). However, after the choppy period a long trend established itself (160 pips between...
@Hutch, what is your box size?
Hi everyone,

Tekkies, to answer your post # 2,264 please note that I use the 2MA CrossOverWithPrice indicator since it provides alarms. There is no need for me to show the 10 and 21 EMAs on the chart but I like to see them as it confirms that the 2MA CrossOverWithPrice indicator alerts are correct. I have attached a copy of the indicator below. By the way you have better eyes than me since I still don’t see the arrow, I guess I need glasses hehe! Please note that the pictures are from my live account not from a demo. I trade the MA crossover strategy manually because it is easy, gives quite good results and most importantly I’m always in control of the trades entry and exit. Thank you for the explanations about testing Renko charts. I did not know that the testing results of Renko charts could be so flawed.

Strom, to answer your post # 2,269 I use Renko 10 pips boxes as seen on the infoboard indicator (GBPJPY 10 Min). I have also attached a copy of that indicator. It is good since it confirms the trend using fractals from 1M to the 1D time frames.

Have a nice weekend all.

Hutch
Attached Files
File Type: mq4 2MA CrossoverWithPrice.mq4   9 KB | 688 downloads
File Type: mq4 Infoboard.mq4   16 KB | 612 downloads
Quoting champfx2016
I spent 3 months of life trying to do a renko strategy. They were wasted months of life. Renko is an illusion. Someday you folks will understand. Renko, range and Heikin etc are all things devised by smart guys to fool the fools to believe they are smart by using it. Take my advice: Stay away from these good looking bars.
Don't lose hope with Renko ChampFX. It's transformed my automated trading.
I've found it's particularly useful when migrating a strategy from the Strategy Tester to a live account.
When used correctly, Renko can 'average out' differences between individual brokers tick data, especially when you do not have broker & account specific tick data available for back testing.

Yes, price action is the only way to fly.
Quoting Hutch
I still dont see the arrow {file} {file}
Eye's are still fine. There is no arrow
The yellow arrow show you where it suppose to have happened.
See the red line "bulge" is right on top of the light blue line that mean's that two value are equel: zzzzz == xxxx
Algorithm or comparison method must be change between ma[0] > ma[1] to ma[0] >= ma[1]
Keep it Simple
Thanks Tekkies for the confirmation. Looks like my eyes are fine but can't real properly!

Sizzles, would you mind sharing your automated Renko trading strategy? It might help traders like me that only trade manually.
Quoting Hutch
Thanks Tekkies for the confirmation. Looks like my eyes are fine but can't real properly! Sizzles, would you mind sharing your automated Renko trading strategy? It might help traders like me that only trade manually.
I will share in the future, when I have more time available to deal with the responses and inevitable questions.
renko chart is the best chart ever.
i follow it and make profit monthly
Quoting thangnd.1211
renko chart is the best chart ever. i follow it and make profit monthly
do u mind sharing your strategy?
Quoting unmaskedluke
{quote} do u mind sharing your strategy?
yeah
i will explain better for you
i use renko chart for trading because it look more simple and easy understand the market move momentum
i entry when candle close confirm a newtrend
i entry right now and stop loss at the high of bull candle for short, or low of bear candle for long
after that, when i have a little profit, i will trailing stop with distance = stop loss when i entry
so easy, i upload a image for example
sorry for my bad english
happy trading, bro
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Quoting Tekkies
{quote} reteid2222 If you are going to learn Trading Made Simple and use it on a live account and not to code an EA then I have misunderstood you and mislead you. Apology for that. Trading Made Simple have put me on trek to become a trader. a Beacon of light in a very dark place Please disregard all indicators that I have posted to you. You only need two items from that massive thread Trading Made Simple 1. Only what BigE in blue have posted ea BigE full.pdf (try all of them and use the best one or read the posts on line) 2. Dimi.A's post. http://www.forexfactory.com/showthre...91#post8673591...
Thank you.....
Vucking good EA coder...
Quoting Tekkies
{quote} You have to read all of BigE's post to get the answers for that In a nutshell post#6 - Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions... usually to your detriment....
What does the EMA5? Any function?
Vucking good EA coder...
Tekkies: Put sum nice options from the dashboard in it so you can filter with H1, H4 and D1 signal but I think if trend is soooo strong there is not much space to get pips!
Send me your skype for sending the files cause here is only renko!
Coming next: integration of angle indicator....


//+------------------------------------------------------------------+
//| Buy Condition
//+------------------------------------------------------------------+
bool Buy(int i){
bool basicAlerts=
// Basic alerts
APB.up(i)
&& TDI.greenCrossesRedUpLastX(i,3)
&& Stoch.greenUp(i) && !Stoch.overBought(i);
if (!basicAlerts)
return false;
if (!Volatily.volaCrossesBorderUp(i) && filterWithVolatility)
return false;
// Filter with H1 signal
if (!TDIDashboard.dn(PERIOD_H1,i) && filterWithH1Signal)
return false;
// Filter with H4 signal
if (!TDIDashboard.dn(PERIOD_H4,i) && filterWithH4Signal)
return false;
// Filter with D1 signal
if (!TDIDashboard.dn(PERIOD_D1,i) && filterWithD1Signal)
return false;
return true
;
};
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Vucking good EA coder...
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