Renko Trading Discussion

I am adding new filter. I do not want to lose money in no trend time so I give condition connected with MA

if(ma_34_close_1<ma_170_close_1 && ma_34_close_2<ma_170_close_2)

{
if(ma_34_high_1<ma_170_high_1 && ma_34_high_2<ma_170_high_2)

{
if( ma_34_low_1<ma_170_low_1 && ma_34_low_2<ma_170_low_2)

Today I lose some trades in EUR USD and usd jpy

I modified my EA. i WANT to open trade from chanel of ea's
double ma_34_close; //średnia 34 do zamknięcia dla swiecy t-1
double ma_170_close; //średnia 170 do zamknięcia dla swiecy t-1
double ma_34_low_1;
double ma_34_low_2;
double ma_34_close_1;
double ma_34_close_2;
double ma_34_high_1;
double ma_34_high_2;
double ma_170_low_1;
double ma_170_low_2;
double ma_170_close_1;
double ma_170_close_2;
double ma_170_high_1;
double ma_170_high_2;
extern int MagicNumber=10001;
extern double Lots =0.1;
extern double StopLoss=5;
extern double TakeProfit=15;
extern int TrailingStop=5;
extern int Slippage=1;
extern int StartHour=9; // w Polsce to godzina 8 rano
extern int EndHour=23; // w Polsce to godzina 22 wieczorem
//+------------------------------------------------------------------+
// expert start function
//+------------------------------------------------------------------+
int start()
{

ma_34_close=iMA(Symbol(),PERIOD_CURRENT,34,0,MODE_EMA,PRICE_CLOSE,1);
ma_170_close=iMA(Symbol(),PERIOD_CURRENT,170,0,MODE_EMA,PRICE_CLOSE,1);
ma_34_close_1=iMA(Symbol(),PERIOD_CURRENT,34,0,MODE_EMA,PRICE_CLOSE,1);
ma_34_close_2=iMA(Symbol(),PERIOD_CURRENT,34,0,MODE_EMA,PRICE_CLOSE,2);
ma_34_low_1=iMA(Symbol(),PERIOD_CURRENT,34,0,MODE_EMA,PRICE_LOW,1);
ma_34_low_2=iMA(Symbol(),PERIOD_CURRENT,34,0,MODE_EMA,PRICE_LOW,2);
ma_34_high_1=iMA(Symbol(),PERIOD_CURRENT,34,0,MODE_EMA,PRICE_HIGH,1);
ma_34_high_2=iMA(Symbol(),PERIOD_CURRENT,34,0,MODE_EMA,PRICE_HIGH,2);
ma_170_close_1=iMA(Symbol(),PERIOD_CURRENT,170,0,MODE_EMA,PRICE_CLOSE,1);
ma_170_close_2=iMA(Symbol(),PERIOD_CURRENT,170,0,MODE_EMA,PRICE_CLOSE,2);
ma_170_low_1=iMA(Symbol(),PERIOD_CURRENT,170,0,MODE_EMA,PRICE_LOW,1);
ma_170_low_2=iMA(Symbol(),PERIOD_CURRENT,170,0,MODE_EMA,PRICE_LOW,2);
ma_170_high_1=iMA(Symbol(),PERIOD_CURRENT,170,0,MODE_EMA,PRICE_HIGH,1);
ma_170_high_2=iMA(Symbol(),PERIOD_CURRENT,170,0,MODE_EMA,PRICE_HIGH,2);

double MyPoint=Point;
if(Digits==3 || Digits==5) MyPoint=Point*10;

double TheStopLoss=0;
double TheTakeProfit=0;
if( TotalOrdersCount()==0 )
{
int result=0;

if(Hour()>=StartHour && Hour()<=EndHour)

{

if(ma_34_close_1>ma_170_close_1 && ma_34_close_2>ma_170_close_2)

{
if(ma_34_high_1>ma_170_high_1 && ma_34_high_2>ma_170_high_2)

{
if( ma_34_low_1>ma_170_low_1 && ma_34_low_2>ma_170_low_2)

{


if(Close[3]<Open[3] && Close[2]>Open[2] && Close[1]>Open[1])

{

if(ma_34_close>ma_170_close)

{

if((Close[1]>=ma_34_low_1 && Close[1] <= ma_34_high_1 )||(Close[1]>=ma_34_low_1 && (Close[1]-ma_34_high_1)<=3*MyPoint))

{

if((MathAbs(ma_34_low_1-ma_170_high_1)) >= 2*MyPoint)

{
if((Open[0]-ma_34_close)<=7*MyPoint)

{

result=OrderSend(Symbol(),OP_BUY,Lots,Ask,Slippage,0,0,"ROBOT NA RENKO 2 PIPSOWE",MagicNumber,0,clrBlue);
if(result>0)
{
TheStopLoss=0;
TheTakeProfit=0;
if(TakeProfit>0) TheTakeProfit=Ask+TakeProfit*MyPoint;
if(StopLoss>0) TheStopLoss=Ask-StopLoss*MyPoint;
OrderSelect(result,SELECT_BY_TICKET);
OrderModify(OrderTicket(),OrderOpenPrice(),NormalizeDouble(TheStopLoss,Digits),NormalizeDouble(TheTakeProfit,Digits),0,clrGreen);
}
return(0);
}
}
}
}
}
}
}
}
}


if(Hour()>=StartHour && Hour()<=EndHour)

{

if(ma_34_close_1<ma_170_close_1 && ma_34_close_2<ma_170_close_2)

{
if(ma_34_high_1<ma_170_high_1 && ma_34_high_2<ma_170_high_2)

{
if( ma_34_low_1<ma_170_low_1 && ma_34_low_2<ma_170_low_2)

{




if(Close[3]>Open[3] && Close[2]<Open[2] && Close[1]<Open[1])

{

if(ma_34_close<ma_170_close)

{

if((Close[1]<=ma_34_high_1 && Close[1] >= ma_34_low_1 )||(Close[1]<=ma_34_high_1 && (ma_34_low_1-Close[1])<=3*MyPoint))
{

if((ma_170_low_1-ma_34_high_1) >= 1.4*MyPoint)

{




result=OrderSend(Symbol(),OP_SELL,Lots,Bid,Slippage,0,0,"ROBOT NA RENKO 2 PIPSOWE",MagicNumber,0,Red);
if(result>0)
{
TheStopLoss=0;
TheTakeProfit=0;
if(TakeProfit>0) TheTakeProfit=Bid-TakeProfit*MyPoint;
if(StopLoss>0) TheStopLoss=Bid+StopLoss*MyPoint;
OrderSelect(result,SELECT_BY_TICKET);
OrderModify(OrderTicket(),OrderOpenPrice(),NormalizeDouble(TheStopLoss,Digits),NormalizeDouble(TheTakeProfit,Digits),0,Green);
}
return(0);
}
}
}
}
}
}
}
}
}

for(int cnt=0;cnt<OrdersTotal();cnt++)
{
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
if(OrderType()<=OP_SELL &&
OrderSymbol()==Symbol() &&
OrderMagicNumber()==MagicNumber
)
{
if(OrderType()==OP_BUY)
{

if(Close[1]<Open[1]) //here is your close buy rule
{
OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),Slippage,Red);
}


if(TrailingStop>0)
{
if(Bid-OrderOpenPrice()>MyPoint*TrailingStop)
{
if(OrderStopLoss()<Bid-MyPoint*TrailingStop)
{
OrderModify(OrderTicket(),OrderOpenPrice(),Bid-TrailingStop*MyPoint,OrderTakeProfit(),0,Green);
return(0);
}
}
}
}
else
{

if(Open[1]>Close[1]) // here is your close sell rule
{
OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),Slippage,Red);
}

if(TrailingStop>0)
{
if((OrderOpenPrice()-Ask)>(MyPoint*TrailingStop))
{
if((OrderStopLoss()>(Ask+MyPoint*TrailingStop)) || (OrderStopLoss()==0))
{
OrderModify(OrderTicket(),OrderOpenPrice(),Ask+MyPoint*TrailingStop,OrderTakeProfit(),0,Red);
return(0);
}
}
}
}
}
}
return(0);
}
int TotalOrdersCount()
{
int result=0;
for(int i=0;i<OrdersTotal();i++)
{
OrderSelect(i,SELECT_BY_POS ,MODE_TRADES);
if (OrderMagicNumber()==MagicNumber) result++;
}
return (result);
}
bool NewBar()
{
static int iTime_0=0;
if(iTime_0<iTime(Symbol(),PERIOD_CURRENT,0))
{
iTime_0=iTime(Symbol(),PERIOD_CURRENT,0);
return( true );
}
else
{
return ( false );
}
}

@MathTrader

Please could you help me create an ea on this indicator; something like to open a trade when the arrow appears and also to include a stop loss and TP and if possible a trailing stop. my email is { email address deleted by staff }

Hi, I will take a look at the indicator.

Thanks MathTrader

Dear MathTrader7

Thank you for publishing the new versions in the next time.

May I ask when will it be ready for publication?

Which MT4 version would the current version run?

Best thanks for your work.

Have a great day, everyone.

P.S.

I have tried it with MT4 Build 950 but VDub & RenkoStreet EA is not running with this version.

I just started trading with Renko Bars over the past couple of days and so far, I like what I see. They do clear up a LOT of "noise" in the charts. Just thought I would jump in with my "2 cents worth." I'll be following this discussion, as I'm now trading using Renko Bars.

hi brother can you pleas proved us renko street on last MQ4 version .

tomasz, how is this EA working for you?

Hi dear friends, could anyone share the Renko Indicator with me? I do not know where to get it.
I will be very happy if anyone can help me or indicate where under it.
Thanks.

Hello,


@MathTrader7 : I've been looking around many posts of yours regarding the usage of your Non-gap Chart EA for using it for back testing and optimizing your different great EA. Can you or someone give me clear instructions on how to load that same non gap Chart on the back testing ? Indeed so far I can only create the chart itself.

Thanks

You can download it from this thread:

https://www.forexfactory.com/showthread.php?t=535170

[Quote = MathTrader7; 9846374] {quote} Você pode baixá-lo deste tópico: https://www.forexfactory.com/showthread.php?t=535170 [/ quote]
Thanks

Hello,

Based on all the Renko EA that have been coded up until now, which one is your favourite in terms of profitability and risk ? Indeed, as I am new to this topic, it is a little bit overwhelming for me to know which one to start with?

Can you recommend me a particular one to begin with?

Thanks

At the moment I do not recommend people any of the available Renko trading EAs on live accounts.

Is there a reason why we should not use it on live?

As you're the great coder of all of us, can you recommend us an EA or anything in particular to be profitable? I mean it's clear that the "holy grale" doesn't exist as no one will ever be able to predict the future.

You did an amazing job for the FF community!!

Thanks

Hello stevedua,

The reason is simply because none of the EAs (shared in this thread) is profitable in long run. However, some people use them at certain market conditions/times successfully.

Best,
Math

Hello,

Great,this means it would be great if all those using the EA created by MT7 thanks to help of all of you during all this time, would share their experience so that we can all learn from it. When to use which EA and why.

Thanks to all of you

Here is Version 1.16 of RenkoVdubEA.

Note 1: this EA needs Vdub_Pivot_Channel.ex4 and adx_TOMTOM.ex4 indicators to be in <Indicators> folder of your MT4 platform.
Note 2: this version has been compiled with MT4 build 1065. It may or may not work on older/newer versions of MT4.

Hello,
Could you please explain the rules which the EA has for opening the positions? ( OPEN & SELL )

I also ask the same for the EA MathTrader7_RenkoBT V1.30 which i'm trying. ( it seems it is openning position in the middel of the ATR Chanal )

Thanks MathTrader.