Renko MA Strategy

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Renko MA Strategy

Postby Apprentice » Sat Nov 17, 2018 5:26 am

1.png

2.png

Based on request.
viewtopic.php?f=27&t=66922
Renko MA Strategy.lua
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Re: Renko MA Strategy

Postby eijicrown » Mon Nov 19, 2018 3:53 pm

Dear apprentice,

First of all, thank you for the strategy, and sorry it seems i haven't upload the correct photo for you to understand my strategy

1- the graph is not in Renko view so it's difficult for me to analyse, but I did add the moving average to try the backtesting.

It seems that there is a trade open every minute when the strategy should be:
opening only 1 trade at 2 bars renko (or more) over moving average - closing the trade when 2 bars renko (or more).

Attached the screenshot explained.
Thank you for your help and support.
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renko moving average.PNG
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Re: Renko MA Strategy

Postby eijicrown » Wed Nov 21, 2018 7:40 pm

Thanks apprentice,

It's a good improvement. Here is my feedback after the new backtesting of NAS100 on 20/11/2018 - time between 06:00 and 10:00

1) it seems that some signals are missing in the backtesting (06:26, 07:02, 08:39, 09:31) ??? issues with the backtesting software ?

2) it seems that the strategy is opening another position (08:16 and 09:00) after a brick cross over then later 2 bricks under MA.
I would rather have only 1 trade going on, as in time of noise having another position would increase the risk. So if one trade is already open, it should be impossible to open a new one.

Attached the graph renko analysed.

Thanks again, I will try live the next version and see how it goes. Hope you will enjoy that strategy as well.
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renko MA straegy backtest.png
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Re: Renko MA Strategy

Postby Apprentice » Thu Nov 22, 2018 9:51 am

To limit the number of positions, set Position Cap to yes, value 1.
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Re: Renko MA Strategy

Postby eijicrown » Fri Nov 23, 2018 10:14 am

Dear Apprentice,

I tested it in backtesting but some entry/ closing are not happening so I did test it live on Demo account.
first trade: open correctly but closed randomly at -4.7 pips
2nd trade on nasdaq: did open correctly but didn't close properly (position in the circle) and then didn't open another position.
3rd trade on Dax: open properly, didn't close properly (arrow) and then open new position.

Attached the Nasdaq setting (they are the same for Dax except different brick size).

Can you let me know your thoughts.
Thank you.
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live test feedback.PNG
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Re: Renko MA Strategy

Postby Apprentice » Sun Nov 25, 2018 5:36 am

With Renko this is best we can do.
Renko bricks can vary based on histogram start.
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Re: Renko MA Strategy

Postby eijicrown » Sun Nov 25, 2018 7:54 pm

Oh too bad because I recalculate and the strategy will bring 504 pips in the last 3 days.


Do you think you can convert it as a signal or alert then I apply manually the strategy.

Set up:
- Renko brick size
- Ma period
- Min bricks (over the MA to apply the signal).

I can set my trailing, take profit and stop using the strategies you guys already developed.

Do you think it would be possible to develop it as private strategy (paid) or it's just not possible to do this strategy ?

Thanks again for you time and effort. Will definitely donate :)
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Re: Renko MA Strategy

Postby Apprentice » Sat Dec 01, 2018 5:14 am

Renko MA Strategy v4.lua
(92.94 KiB) Downloaded 25 times

I've changed it, so it'll not skip trades of fast movements. But it'll
look like a late open

Renko is a bit problematic.
Not sure if we can fix this.
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