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Renko Trading Discussion

Quoting wfgtrades
{quote} Hi Mathtrader7, the ea not working says invalid lot size. I've tried amending all possible lots but is till showing errors at expert folders. errors about lot size. Please assist. I believe this is a great strategy if put money management/basket option in.. please assit
Hi, if I find the source code, I will take a look at it.
Trading is the hardest way to make easy money...
Quoting MathTrader7
{quote} Hi, if I find the source code, I will take a look at it.
Thanks MT7. Basically this is the logic behind it:
1. Open position upon previous renko closed. Buy if previous renko bullish, Sell if previous renko bearish.
2. Close position upon renko closed(if opposite signal)
3. Continue step 1 follow previous renko close.
4. If position closed with loss, follow step 1 but next trade continue lot increment x1.5. Back to normal lot if position closed with profit from previous loss trade.

Filter Indicator:
1. SMA 10 - renko above(only buy) ; renko below(only sell)

* this is good for now.. to optimize, there is another custom indicator but I don't have it this laptop. will share once I get it.
Quoting skyler
MathTrader you doing amazing work. I have nice strategy for renko. This threat is for update any suggestion and you could make EA for it? I would like to know, if you would like to create EA for this And whats you think about your latest EA from http://www.forexfactory.com/showthread.php?t=531783 ? Its profitable? Give money?
I know this is an old post but I am reading the thread from the beginning.

My opinion is this strategy will not be profitable from technical reasons. Moving averages don't give stable results in determining the direction of the trend. That's a common problem with almost all EA's, their creators focus too much for one TF and then on optimization, which is directly against good trading practices, so the results are unstable and will not be stable.

If you guys have something latest I will gladly look into it.
Quoting wfgtrades
{quote} Hi Mathtrader7, the ea not working says invalid lot size. I've tried amending all possible lots but is till showing errors at expert folders. errors about lot size. Please assist. I believe this is a great strategy if put money management/basket option in.. please assit
I found the source code and fixed some issues. Here is Version 1.11.
Attached File(s)
File Type: ex4 MathTrader7_RenkoTapYoungEA.ex4   53 KB | 222 downloads
Trading is the hardest way to make easy money...
Quoting MathTrader7
{quote} I found the source code and fixed some issues. Here is Version 1.11. {file}
hey, math can you help me with this code, please? I want Renko EA same as yours with risk percentage and open one trade close when the renko color change with trailing stop 7 pips move and trade with all symbols , thanks for your hard work
Quoting MathTrader7
{quote} I found the source code and fixed some issues. Here is Version 1.11. {file}
Hi MT7, Same error as attached. Also please check my previous post 1023 for the additional settings.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.JPG Size: 103 KB
Quoting wfgtrades
{quote} Hi MT7, Same error as attached. Also please check my previous post 1023 for the additional settings. {image}
I will double check the issue and come back to you.
Trading is the hardest way to make easy money...
Quoting wfgtrades
{quote} Hi MT7, Same error as attached. Also please check my previous post 1023 for the additional settings. {image}
Here is Version 1.12 which I tested on demo account. It works fine. It should work fine in live account as well, but I didn't test it.
Attached File(s)
File Type: ex4 MathTrader7_RenkoTapYoungEA.ex4   54 KB | 269 downloads
Trading is the hardest way to make easy money...
Quoting MathTrader7
{quote} Here is Version 1.12 which I tested on demo account. It works fine. It should work fine in live account as well, but I didn't test it. {file}
Thanks MT7. I will try it out. I know backtest is not valid in long term testing. but just to see the flow, if you can backtest it with 2years data EU will be great. I will test as well.
As mentioned earlier this ea will be good if we add a good filter. I think SMA 10 will do great for scalping but I am open to suggestion.
Quoting MathTrader7
{quote} Here is Version 1.12 which I tested on demo account. It works fine. It should work fine in live account as well, but I didn't test it. {file}
Hi MT7, Yes it is working in Live account. But I can't find the logic behind it. It opens position according to renko bar signal with TP(determined) but I don't see it is closing position once bar is opposite signal. Or does it have SL determined. Can please check and explain. Hope to hear from you.
Quoting wfgtrades
{quote} Hi MT7, Yes it is working in Live account. But I can't find the logic behind it. It opens position according to renko bar signal with TP(determined) but I don't see it is closing position once bar is opposite signal. Or does it have SL determined. Can please check and explain. Hope to hear from you.
Here is Version 1.13. I tested the position close strategy which is simply the opposite signal.
Attached File(s)
File Type: ex4 MathTrader7_RenkoTapYoungEA.ex4   55 KB | 377 downloads
Trading is the hardest way to make easy money...
hey Math I am using the money management version see the last 3 positions it open and close when the signal move
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-07-24 at 23.24.49.png Size: 31 KB
I entered a trade and was immediately stopped out
Quoting MajdHolbi
hey Math I am using the money management version see the last 3 positions it open and close when the signal move {image}
Which EA?
Trading is the hardest way to make easy money...
Quoting MathTrader7
{quote} Which EA?
what is the difference between the wicks and no wicks? math why you like the nongap also which ea u advise us for the live accounts !!!
Quoting MathTrader7
{quote} Which EA?
Here is Version 2.60 of the EA that implements money management. The user has four options for money management: 1. Fixed lot size 2. Lot size calculated based on fixed money to risk per trade. 3. Lot size calculated based on percentage of your account's free margin to risk per trade. 4. Lot size calculated based on percentage of your account's balance to risk per trade. {file} Note: The implemented money management has not been fully tested. Please report any bug.
  • Post #1,037
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  • Edited Jul 25, 2019 2:42am Jul 24, 2019 11:55pm | Edited Jul 25, 2019 2:42am
Quoting MathTrader7
{quote} Here is Version 1.13. I tested the position close strategy which is simply the opposite signal. {file}
Thanks for the effort MT7. I don't think the RenkoTapYoung EA is good as FT doesn't work as expected.

As promised, I attached the custom indicator(alert can be disabled). Another last request is to add filter based on below situation.

So basically my request is to create a new EA that will ONLY open Position when:

BUY:
1. Bar closed following Indicator HalfTrend MTF signal
2. and Buy on every next Renko Signal Buy confirmed
3. CUT LOSS(close the buy positions) when Renko opposite signal confirmed.

SELL:
1. Renko Bar closed following Indicator HalfTrend MTF signal
2. and Sell on every next Renko Signal Sell confirmed
3. CUT LOSS(close the sell positions) when Renko opposite signal confirmed.

* MM:
1.Add multiplication method x1.6 for every next position ONLY when detected there is loss position(position closed upon renko opposite signal).
2.Lot size back to default after closed with profit.
3. If loss again repeat step 1&2

Hope to hear from you soon.
Attached Image (click to enlarge)
Click to Enlarge Name: signal.JPG Size: 66 KB
Attached Image
Attached File(s)
File Type: ex4 HalfTrend MTF with channels alerts.ex4   28 KB | 301 downloads
Quoting wfgtrades
{quote} Thanks for the effort MT7. As promised earlier, I attached the custom indicator(alert can be disabled in EA). Another last request is to add filter based on below situation. So basically this EA will ONLY open Position when: BUY: 1. Bar closed following Indicator HalfTrend MTF signal 2. and Buy on every next Renko Signal Buy confirmed 3. CUT LOSS when Position close upon Renko opposite signal. SELL: 1. Renko Bar closed following Indicator HalfTrend MTF signal 2. and Sell on every next Renko Signal Sell confirmed 3. CUT LOSS when Position...
Hi WFG, where can I find the logic behind this EA?

Maybe I can add something, sooner or later a lot of EA stop working, maybe using Renko there is a chance to create something stable and consistent.
Quoting Fred-IV
{quote} Hi WFG, where can I find the logic behind this EA? Maybe I can add something, sooner or later a lot of EA stop working, maybe using Renko there is a chance to create something stable and consistent.
I've corrected some sentences.. hope you understand now.

Hope our MathTrader help on creating this renko ea.
Quoting wfgtrades
{quote} Hi Mathtrader7, the ea not working says invalid lot size. I've tried amending all possible lots but is till showing errors at expert folders. errors about lot size. Please assist. I believe this is a great strategy if put money management/basket option in.. please assit
OK, thank you, Hope Mathtrader will point the place, in his absence I will read the thread backwards hoping that I will find the place.

From the EA I see channels there.
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