Translation of a Renko strategy into MarketScope

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Translation of a Renko strategy into MarketScope

Postby SmithGasset » Wed Jul 11, 2018 4:04 pm

Hi,

I would like to have the attached strategy translated into Marketscope code, it has proven to be a really profitable strategy.

PD: The strategy should use the attached renko view.
Attachments
Renko_candles_New.lua
The strategy should use this view
(17.26 KiB) Downloaded 68 times
MathTrader7_RenkoEA.ex4
(147.74 KiB) Downloaded 67 times
SmithGasset
 
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Re: Translation of a Renko strategy into MarketScope

Postby Apprentice » Thu Jul 12, 2018 7:49 am

Can you provide the rules used by the strategy?
Your request is added to the development list under Id Number 4181
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Re: Translation of a Renko strategy into MarketScope

Postby SmithGasset » Thu Jul 12, 2018 11:10 am

Entry Criteria:

Buy after the brick color changes from red to green and 2 consecutive green bricks have formed and closed.
Our entry will be at the i.e. open of the third green brick.

Sell after the brick color changes from green to red and 2 consecutive red bricks have formed and closed.
Our entry will be at the i.e. open of the third red brick.

Filter:

As a filter we use 21EMA and 50EMA.
If the prices are above the EMAs we take only buy trades.
If the prices are below the EMAs we take only sell trades.

Exit Criteria:

1.When a brick of the opposite color is formed.
OR
2. Trail the trade as more number of bricks are formed until your trailing stop loss takes you out!.
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Re: Translation of a Renko strategy into MarketScope

Postby Phamilton630 » Fri Jul 13, 2018 9:00 am

isnt that a proprietary EA?
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Re: Translation of a Renko strategy into MarketScope

Postby SmithGasset » Fri Jul 13, 2018 2:55 pm

No, it isn't. It is free to download at the Fore Factory forums.
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Re: Translation of a Renko strategy into MarketScope

Postby SmithGasset » Mon Jul 16, 2018 11:02 am

Hi, thank you for the strategy.

This doesn't seem to include the MA filter
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