This guy on Youtube has a similar EA. He is trading 10 pip renkos with a TP of 8 pips I think due to the 2 pip spread. His stop loss is 12 pips again I think the 2 pip spread is included, but for the life of me I cannot figure out how he is managing to avoid the majority of direction changes as his losses are minimal.
Whilst his results may seem impressive it is only backtesting on Renko charts which we all know is complete crap and in no way gives a true representation of what forward testing would look like but an interesting concept nonetheless.
https://www.youtube.com/watch?v=aa6EjgLDoEI
Wapen's Renko auto-trading EA
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Zennor
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richie
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Wapen's Renko auto-trading EA
Zennor » Mon Nov 03, 2014 8:15 pm wrote:This guy on Youtube has a similar EA. He is trading 10 pip renkos with a TP of 8 pips I think due to the 2 pip spread. His stop loss is 12 pips again I think the 2 pip spread is included, but for the life of me I cannot figure out how he is managing to avoid the majority of direction changes as his losses are minimal.
Whilst his results may seem impressive it is only backtesting on Renko charts which we all know is complete crap and in no way gives a true representation of what forward testing would look like but an interesting concept nonetheless.
https://www.youtube.com/watch?v=aa6EjgLDoEI
wow it would be interesting if we can have the same ea coded here. does anybody know whats the exact logic