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Renko EA help
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Author:  alfiebaby [ Tue Aug 27, 2013 6:05 am ]
Post subject:  Renko EA help
Hello Everyone, this is my first post.
I have been reading everything that I can in the forum, and there is so much will take me some time.
About 2 years ago, the group that I was and still am a member decided to create a Renko EA that would trade a certain system. Grenko EA 2.16 and Grenko Ea 11.0
2 members paid a lot of money to 2 separate programmers who did a not too good a job, the EA's will not trade as they are set up to trade.
We wanted to use these EA as Scalpers in volatile times, and eliminate the ranging markets and the whipsawing of price.
There are no indicators used but price and block size, enter and exit by block number.
At times when we were able to get these EA's to work, the profit was very good, but they would stop working, or not close out or not enter a trade, the TSL does not work at all, the time inputs work sometimes and we can turn off the martingale, but it continues to place trades.
Can someone her please have a look and fix the code.
We are very happy to share with everyone on the Forum when and if the EA's are fixed
I do not know anything with coding, but seeing all the info here im going to start learning.
:mrgreen:
Author:  RedLineFred [ Tue Aug 27, 2013 12:24 pm ]
Post subject:  Re: Renko EA help
Having the code is a great start but if its not working then getting it to do so might be a challenge without understanding what you are trying to achieve.

It would help (me anyway) to understand your strategy, what rules are you trying to deploy, any screen shots of entries or exits or any other useful tips.
Author:  alfiebaby [ Tue Aug 27, 2013 2:53 pm ]
Post subject:  Re: Renko EA help
RedLineFred wrote:Having the code is a great start but if its not working then getting it to do so might be a challenge without understanding what you are trying to achieve.

It would help (me anyway) to understand your strategy, what rules are you trying to deploy, any screen shots of entries or exits or any other useful tips.
TY for responding RLFred.
We started on both EA's to have the same Trading attributes, TSL,SL-TP in pips and Dollars-Brick Entry and Brick Exits in any multiples- trading times- Multiplier pip entries, choice of days to trade, magic number.
There are a few trading plans that we were trying to implement and having a basic EA that had these attributes is essential for all our trading plans.
Our scalping plan is such,
Manually search the renko charts for the long trends that happen each day, and trade according to their frequency at times during each day.
And with the Block entry and exits we were able to do this successfully, as we were only after 50 to 200 pips a week, when the EA's worked that is.
Also the Multiplier is used to enhance any profits, so if the entry trade is 0.10 pips then set the multiplier to say 15, then each Brick multiplier to x10-x9-x8-x7, until all had been entered, there are so many variations where we would go from x1-x2-x3-x2-x1-x1 till all were multiplied, it works well.
We also asked that the Brick's be coloured coded so that when there was a colour change the EA would know, but we have no idea if this has been done, the Coders that coded these EA's could hardly speak English, which Dan and Tom regretted after the money was paid, and telling them of the problems with the EA's not doing what we put into the imputs, caused a few headaches.
These 2 EA's have been sitting in our Dump Folder for a long time, and to have trading stats and such would take a few weeks, and I assumed that fixing the inputs would be easy for Coders.
The SL and TP are to used as a maximum SL and TP, and the TSL is used to lock in the whole profit for each pair that is being traded, so it trails the first trade by say 11pips, and closes out all the trades on that pair when the TSL is hit.
As you can see on the png file, that I have trade once set to true, and the multiplier set to False, and the EA just keeps opening trade after trade.
If we have the Brick entry set to 4 Bricks, we need the EA to enter after the Close of the 4th Brick on the open of the 5th Brick, and if the TSL is set to 11pips, then when the first trade retraces 11pips, we need all trades to close out for that pair.
It is the same for all the inputs, and having a change of colour indicator might be helpful, instead of using a Renko bar change,(I have included an Indicator Renko Color Change alarm) can not remember where I found it, but I think that it is open source, if it is not then delete it.
Im hoping that this is enough of an explanation, but let me know if I can help at all, the Grenko 2.16 has not done a trade so far, but the Experts and Journal are saying that everything is OK.
:D
Author:  alfiebaby [ Wed Aug 28, 2013 3:51 am ]
Post subject:  Re: Renko EA help
RedLineFred wrote:Having the code is a great start but if its not working then getting it to do so might be a challenge without understanding what you are trying to achieve.

It would help (me anyway) to understand your strategy, what rules are you trying to deploy, any screen shots of entries or exits or any other useful tips.

Hello RLFred, Here is some more info. chart with trades for one day, and on this chart im generating the Renko Bricks with RenkoMeanLiveChart, it is the first time using this RMLC, there are still no trades using the RenkoLivechart v 2.1 and v3.0

Another trading system that we have been working on is,
Manually scroll through the Renko charts on the higher Brick sizes, from 10 to 25 pip Bricks, calculate the average to highest of the Ranging market, then enter just above so as to eliminate the Ranging and whipsawing, this is where all the losses come from, so out entry might be Brick Entry 7 Brick exit 3, this allow's us to pick up a good % of any big move, and we also want to use the Time open and close input to our best advantage, and the best Grenko for this is the Grenko 11.0, even on 24 seven with a big Brick entry it will generate good pips.
I have found the principal, if you try and make every pip that there is, you will make nothing, so we are trying to make some pips safely.
Alfiebaby

:D
Author:  RedLineFred [ Wed Aug 28, 2013 1:15 pm ]
Post subject:  Re: Renko EA help
Looking at the code I see how its looking to trade, but just need your confirmation that this is what you originally intended.

Looking at GRENKO EA 11-0

For a Long Entry:
The EA looks for a low bar designated as being lower than the preceding and following bars. This low bar must form at the location 1+BrickEntry (as input by the user). If all of the following bars up to the last before current have higher highs, then it signals for a long trade.

Please confirm this is your understanding.

BTW did you see my PM?

Cheers, Fred
Author:  alfiebaby [ Wed Aug 28, 2013 2:45 pm ]
Post subject:  Re: Renko EA help
RedLineFred wrote:Looking at the code I see how its looking to trade, but just need your confirmation that this is what you originally intended.

Looking at GRENKO EA 11-0

For a Long Entry:
The EA looks for a low bar designated as being lower than the preceding and following bars. This low bar must form at the location 1+BrickEntry (as input by the user). If all of the following bars up to the last before current have higher highs, then it signals for a long trade.

Please confirm this is your understanding.

BTW did you see my PM?

Cheers, Fred

Hello Fred,
My name is Alf, and im originally from Brisbane, but now live in Camperdown in Victoria, im an old fart who has a sense of humor, hence Alfiebaby.
I will gladly share with you my successes and my failures i'll tell you about in time.
I have not used skype for years, but Goto meetings i know how to do that, and if Goto meetings is used, you would be able to talk to Dan and Tom.
Now with the Grenko, the only indicator that is used is PRICE, so it is RED Bricks and GREEN Bricks, this will keep it simple, so that i can keep up with you.
I do not know the Coders Language, but i do want to learn.
We believe that this system when it works correctly is going to be a game changer for a lot of people.
So with a 3 Brick entry, there would be 3 RED bricks, and then enter on the open of the 4 red consecutive brick.
A 7 Brick Entry would be 7 Red bricks with an Entry on the open of the 8th consecutive Red Brick.
Replace Red with Green.
This is an example because on some trading plans we will want to enter on 2 Bricks, and exit on 1 brick ect.
The renkolivechart v 1.0_1 and v 3.0 is the one that we developed the Grenko for, and the renkomeanlivechart v1.0_1 that i downloaded to the Forum is one that i found 2 or 3 days ago,
and i have no idea if it is suitable to be used, and the renkomeanlivechart is the only one working with the Grenko 11.0.
Hope this answers your question, which i had to read a few times.
Coders they talk funny.
Alf
PS, I'll get Skype setup by the weekend.
:mrgreen:
Author:  alfiebaby [ Thu Aug 29, 2013 2:21 am ]
Post subject:  Re: Renko EA help
Hello Fred, The weather is one of the main reasons that we moved south, we got very tired of the Heat, we found as we were getting older the heat became a little harder to live with, and we wanted to live in a different place and experience a different life style.
Im glad that the EA looks for a color change, so yes please keep at a color change, and are the colors specific, or do the specific color's need to be on the chart.
Any EA that is created for a RENKO chart can not be automated, it has to be partly driven, there are a few reasons for this.
1) Can not back test
2)we do not take the Wicks into consideration for trades.
3)Different trading techniques require different entry and exit block rules.
4)the ranging of the price needs to be eliminated using brick entry and exit rules, so that we are able to get the breakout's of price.
5) In ranging price times, it is possible to use the Grenko as a scalper, so a Brick size of 2pips on the renkolivechart, and an entry of 2 bricks with a tsl of 3 pips and tp of 8 pips can be set on 24 -7.
so when the EA's did work sometimes the profits were very good.
6)Each pair has its own properties, so some pairs have a breakout at different times and by different Brick numbers, so the EU might be an entry of 6 Bricks, and the GU might be 7 Bricks, and both at different times of day, all these settings have to be calculated manually, there is no other way of doing this.
7)So as i see it the inputs need to work as prescribed, SL TSL TP in pips and or Dollars, brick entry set to 1 to 50 Blocks works every time, exit blocks set to 1 to 50 bricks works every time, and Bricks need to be consecutive for entry and exits. It is better to get into a trade a little late than too early, and to exit with as much gain as we can, we are not after every pip that is on the Chart, this is the HARD PART to get your mind around, most EA's that are created are designed to fit to the Chart or an Indicator, our Trading Plan is to create an EA that fits to our trading Plan's, so if we decide to trade a certain way, we can set the settings in the inputs for that plan or any plan that we desire.
8) the multiplier seems to work at times, it is numbered from 1 to 15.
So in #1 a setting of 1 means that the original pip size is retained.
#2 is set to 2, then it is double the original pip size.
#3 is set to 2 as well, then it is double the original pip size.
#4 is set to 3, then it is 3 times the original pip size.
so any multiples can be entered on any of the 15 positions to suit the type of trading that we choose.
Some settings that work really well.
Going from Multiplier #1 to #15.
1-2-3-4--3-2-1-1-1-1-1-1
1-8-7-6-5-4-3-2-1-1-1-1-1-1
1-1-1-1-1-1-1-1-1-1-1-1
1-9-8-7-1-1-1-1-1-1-1-
Ones that do not work too well.
1-2-3-4-5-6-7-8-9-9-9-9-9-9-
this one will blow your account, if all Martingales were turned around then they would work.
Hope this is a help.
Alfiebaby
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