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Trading Renko 1,136 replies

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Attachments: Renko Trading Discussion
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Renko Trading Discussion

Quoting MathTrader7
{quote} I also see good results with Renko Street EA 1.7 on my VPS setup. I attached the trade explorer to this thread.
Hello MathTrader7,

your EA is great. I will start tests next week on more pairs. Whats difference between version 1.5 and 1.7 of Renko Street EA?

Thanks and have nice day
Quoting saiffx
I have running your MathTrader7_Renko EA 3.36 the whole day in different pair of your non gap chart but It did not open any trade {image}
Is this Auto Trading EA? where can I get this EA MathTrader7_Renko EA 3.36 and Renko Street EA 1.7 ?
Please advise on profitable set up setting .
Quoting radadiya
{quote} Is this Auto Trading EA? where can I get this EA MathTrader7_Renko EA 3.36 and Renko Street EA 1.7 ? Please advise on profitable set up setting .
here
http://www.forexfactory.com/showthre...05#post8602605

i tested Renko Divergence/Convergence EA with many loses
i will test renko street now
uncheck "Offline chart" have a problem
when metatrader closed and opened again all charts converted to H1
you should make changes in your Renko chart creator to make experts work on offline charts
this happen by using (RegisterWindowMessageW) and (PostMessageW) instead of (RegisterWindowMessageA) and (PostMessageA) in metatrader 600+
this thread explain how
http://forum.mql4.com/62761/page3

and i will attach renko chart working fine with metatrader 600+ and allow experts to work on offline charts
i hope to update yours
Attached File(s)
File Type: mq4 (E) RenkoLiveChart_v600.1.mq4   21 KB | 564 downloads
hi, how to backtest this EA ?
MathTrader7
I appreciate all the work you have put into these threads. I have been trying to get renko to be CONSISTENTLY profitable for years. I'm looking forward to trying your new EA's.
I'm not sure you can do this in MT4 but Is there any chance you can put a Max Bars in the RenkoChartCreatorEA, such as there is in this renko chart Indicator? It could lighten the CPU load.
Thank you

Ray




Attached File(s)
File Type: mq4 RK-ml-!MTH Renko Chart Builder Indi Ver 03-nf.mq4   17 KB | 554 downloads
Simple Think, and Lets See How It Work
Attached Image (click to enlarge)
Click to Enlarge Name: Rebate Hunter.png Size: 13 KB
Quoting mamiakimo
uncheck "Offline chart" have a problem when metatrader closed and opened again all charts converted to H1 you should make changes in your Renko chart creator to make experts work on offline charts this happen by using (RegisterWindowMessageW) and (PostMessageW) instead of (RegisterWindowMessageA) and (PostMessageA) in metatrader 600+ this thread explain how http://forum.mql4.com/62761/page3 and i will attach renko chart working fine with metatrader 600+ and allow experts to work on offline charts i hope to update yours {file}
Hi mamiakimo,

Thanks for your comment! I updated the Renko chart creator EA (v1.42+). Now, there is no need to uncheck offline chart.

Best,
Math
Trading is the hardest way to make easy money...
  • Post #129
  • Quote
  • Edited Dec 7, 2015 6:32am Dec 6, 2015 9:02pm | Edited Dec 7, 2015 6:32am
Quoting MathTrader7
Here is the first version of an EA that trades based on Divergence/Convergence signals on non-gap Renko charts. I updated Post 1. {image}
Hi Math, how do the trailing stops work on this EA? I was about 27 pips in profit and the EA never moved stops or trail by 80 (points) as the default settings. Ran the EA overnight durring the UK session, it should be up over 40 pips if the trailing stop were working, but instead its about -50 pips. Maybe we could use the same trailing stop settings as in the renkostreet channel ea? That ea is going very smooth for me so far. Great job on these EAs so far though!
Quoting fxent.
{quote} Hi Math, how do the trailing stops work on this EA? I was about 27 pips in profit and the EA never moved stops or trail by 80 (points) as the default settings. Ran the EA overnight durring the UK session, it should be up over 40 pips if the trailing stop were working, but instead its about -50 pips. Maybe we could use the same trailing stop settings as in the renkostreet channel ea? That ea is going very smooth for me so far. Great job on these EAs so far though!
Hi MathTrader7,

I had same issue in ADX version. Trailing doesn't work. probably some bug. Anyway guys, on which currencies do you running the RenkoStreet EA? on GBPUSD is not so profitable as on EURUSD. Have a nice day
Quoting Darius98
{quote} Hi MathTrader7, I had same issue in ADX version. Trailing doesn't work. probably some bug. Anyway guys, on which currencies do you running the RenkoStreet EA? on GBPUSD is not so profitable as on EURUSD. Have a nice day
The trailing stop works fine in the strategy tester...
Trading is the hardest way to make easy money...
Quoting MathTrader7
{quote} The trailing stop works fine in the strategy tester...
Maybe Im not understanding how its set, with it set as default 80 (points) ...does this mean if sl was set at 20 pips, and the trade is 8 pips in profit, it will move sl to 12 pips? Once trade is at 16 pips, it will move sl to 4 pips? Then at 24 pips profit , trade has now secured profits with sl at +4 pips?
Quoting fxent.
{quote} Maybe Im not understanding how its set, with it set as default 80 (points) ...does this mean if sl was set at 20 pips, and the trade is 8 pips in profit, it will move sl to 12 pips? Once trade is at 16 pips, it will move sl to 4 pips? Then at 24 pips profit , trade has now secured profits with sl at +4 pips?
The trailing stop is based on ATR. See this link for more information.
Trading is the hardest way to make easy money...
Quoting tapyoung
Simple Think, and Lets See How It Work {image}
Hi tapyoung, Here is the first version of the EA. As you can see from the backtest results, it, similar to other grid strategies, breaks at some point.
Attached Image (click to enlarge)
Click to Enlarge Name: BT.png Size: 45 KB
Attached File(s)
File Type: ex4 MathTrader7_RenkoTapYoungEA.ex4   127 KB | 492 downloads
Trading is the hardest way to make easy money...
  • Post #135
  • Quote
  • Edited Dec 8, 2015 10:32pm Dec 7, 2015 10:58pm | Edited Dec 8, 2015 10:32pm
Quoting MathTrader7
{quote} Hi tapyoung, Here is the first version of the EA. As you can see from the backtest results, it, similar to other grid strategies, breaks at some point. {image} {file}
Wow.. thank for automate and backtest it Math.

Need filter or How about with News Calender indicator maybe,

so this EA run only X minute before Big News and stop order X Minute after Big News Event.

Run with command If Close[1]>Open[1]=Buy and Continue, then Close All Order at First Opposite Signal. - and Vice Versa.
Attached Image


Or Anyone have try similiar EA like this on big News? What about result?

*Required Fast VPS/Internet Connection, Broker Low Spread, Fast Execution and No Requote
Quoting tapyoung
{quote} Wow.. thank for automate and backtest it Math. Need filter or How about with News Calender indicator maybe, so this EA run only X minute before Big News and stop order X Minute after Big News Event. Run with command If Close[1]>Open[1]=Buy and Continue, then Close All Order at First Opposite Signal. -else Vice Versa. {image} Or Anyone have try similiar EA like this on big News? What about result? *Required Fast VPS/Internet Connection, Broker Low Spread, Fast Execution and No Requote
Tapyong,
If I may, what about opening a new order multiply in favour of the trend after every brick ends.
At first reversal the EA will close all the open orders.

Best.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 36 KB
That's a great idea but you need to find out how to eliminate those days when you get back and forth blocks with no trend like all other renko strategies. I personally use a simple envelopes band to eliminate trading the chop.
Quoting MathTrader7
{quote} The trailing stop is based on ATR. See this link for more information.
Hey math, what happened to the tmalsope and ema cross EA? If you use the nonrepainting TMAslope and the cross of the 5ema, you get amazing results manually. Wouldn't it be easy to automate? If TMAslope is above 0 and a candle closes crossing the EMA up. You buy. And vise versa, that's how I've been trading it with trailing stops and been having great success, just miss out on alot because of not having time based candles.
Greetings one and all.

Have decided to try my hand at Renko trading but before I attempt to go down the EA road I was wondering if anyone knows of an alert where, when a bar color change occurs and then 2 consecutive bars of that same color form, the alert is generated upon the open of the third bar. I hope that makes sense.
The attached picture should help.
Any thoughts/help would be appreciated or even someone who can code such an alert.

Kind regards

Graham
Attached Image (click to enlarge)
Click to Enlarge Name: Renko NZDUSD.jpg Size: 132 KB
Quoting Hammondnz
Greetings one and all. Have decided to try my hand at Renko trading but before I attempt to go down the EA road I was wondering if anyone knows of an alert where, when a bar color change occurs and then 2 consecutive bars of that same color form, the alert is generated upon the open of the third bar. I hope that makes sense. The attached picture should help. Any thoughts/help would be appreciated or even someone who can code such an alert. Kind regards Graham {image}
Hi Hammondnz,

What is the brick size in your screenshot's chart?

Best,
Math
Trading is the hardest way to make easy money...
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