Page 1 of 3

Renko MA Strategy

PostPosted: Sat Nov 17, 2018 5:26 am
by Apprentice
1.png

2.png

Based on request.
viewtopic.php?f=27&t=66922
Renko MA Strategy.lua
(92.69 KiB) Downloaded 921 times

Re: Renko MA Strategy

PostPosted: Mon Nov 19, 2018 3:53 pm
by eijicrown
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.

Re: Renko MA Strategy

PostPosted: Wed Nov 21, 2018 9:01 am
by Apprentice
Fixed.

Re: Renko MA Strategy

PostPosted: Wed Nov 21, 2018 7:40 pm
by eijicrown
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.

Re: Renko MA Strategy

PostPosted: Thu Nov 22, 2018 9:51 am
by Apprentice
To limit the number of positions, set Position Cap to yes, value 1.

Re: Renko MA Strategy

PostPosted: Fri Nov 23, 2018 10:14 am
by eijicrown
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.

Re: Renko MA Strategy

PostPosted: Sun Nov 25, 2018 5:36 am
by Apprentice
With Renko this is best we can do.
Renko bricks can vary based on histogram start.

Re: Renko MA Strategy

PostPosted: Sun Nov 25, 2018 7:54 pm
by eijicrown
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 :)

Re: Renko MA Strategy

PostPosted: Sat Dec 01, 2018 5:14 am
by Apprentice
Renko MA Strategy v4.lua
(92.94 KiB) Downloaded 846 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.

Re: Renko MA Strategy

PostPosted: Fri Dec 14, 2018 11:00 am
by eijicrown
Sorry haven't seen this message earlier,

Thanks for it, it still does missing some signals but thanks for trying.


I will ask in the indicator forum to have a signal for this indicator and try manually
Thanks for the strategy and help.

regards