Renko Bars Strategy

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Renko Bars Strategy

Postby moomoofx » Sun Jun 01, 2014 4:09 am

Hi all,

A strategy that enters positions when the Renko chart changes direction by 3 bars, originally requested here: viewtopic.php?f=27&t=27836

The strategy uses the Renko Chart New view so please make sure this is installed (viewtopic.php?f=17&t=60748)

RenkoStrategy.png

Strategy contains a parameter called "Number of Bars" that can be used to control how many bars are required for a change of direction. If this value is 1, then a new signal will be generated each time the renko changes direction.

Cheers,
MooMooFX
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Re: Renko Bars Strategy

Postby Ramos04 » Tue Jun 03, 2014 3:31 pm

Thanks moomoofx,
I wish to bother you asking for a favor, am not sure this is the right place to request but I tested your new renko and liked it. Is it possible to do a strategy for the new renko view (interested in its signals) which shows stochastic %k crossing user defined ob & os levels plus %k%d crosses with a user defined ma filter (I use 50 sma), the signal alerts only appear when for e.g in the case of longs, the ma is pointing up and stoch drops to os or %k%d cross to the upside and vice verser for shorts, then when the ma is flat, it alerts for any cross ie ob & os and %k%d.
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Re: Renko Bars Strategy

Postby Apprentice » Wed Jun 04, 2014 5:14 am

Your request is added to the development list.
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Re: Renko Bars Strategy

Postby 7510109079 » Mon Oct 06, 2014 8:44 am

i get the following error msg. Any idea why this is?

Image
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Re: Renko Bars Strategy

Postby 7510109079 » Mon Oct 06, 2014 8:49 am

ignore last question. Hadnt properly installed the first part.

Now that the integrated Renko has been around a while would there be any advanttage getting the strategy to work with it?
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Re: Renko Bars Strategy

Postby easytrading » Mon Oct 13, 2014 9:11 pm

thank u moomoofx for this strategy.the only thing that i have it now is that when u keep the trading station open for more than 5 minutes,it freezed and doesnt generate a new renko bar when the price changed in either directions up or down more than the bar preset brick size (i am using the new view renko indicator as u adviced us ).is it possible to fix that please? with many thanks in advance.cheers.
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Re: Renko Bars Strategy

Postby easytrading » Sun Oct 19, 2014 5:44 pm

Hi moomoofx,
I'll be so..so..so..grateful if you cauld, re-develop this strategy but with the option to set the timeframe of Renko bars new veiw indicator to different times not only 1m as it is now ,if it is not possible to do that ,could you please re-develop it to 2Hr timeframe,that will be great help to me.
thanks very much for the great job done.cheers
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Re: Renko Bars Strategy

Postby easytrading » Wed Oct 22, 2014 9:34 pm

hello Apprentice,
could you please fix the error that is exist in (Renko bar new view indicator) that is using the defult timeframe 1min ,but when you change that time period to (say 2H for example) it doesn't work properly and the indicator do not refresh its values to create a new Renko candles that reflect the price action when it goes up or down more than the preset brick size of candle (like 5 pips for example).your help is much much appreciated.
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Re: Renko Bars Strategy

Postby 7510109079 » Tue Oct 28, 2014 12:54 pm

easytrading,
your view IS refreshing - it just refreshes every 2 hours! During which time any number of bricks could have formed which are then painted on the chart all at once when a new H2 segment begins.

This is a limitation. If you want live updating you have to use the Mean Renko Bar view and set timeframe to T for Tick


hope this helps
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Re: Renko Bars Strategy

Postby easytrading » Tue Oct 28, 2014 9:12 pm

thank you 7510109079 for the help .
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