Hi Bob,
I tried running the secret bob EA on a renko chart , but as it is a offline chart the EA time did not update , I thought it may be interesting to see if there is any advantage using renko charts.
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| Renko EMA 200 & NonLagMA strategy https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3890 |
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| Author: | asoto81 [ Tue Oct 21, 2014 12:25 am ] |
| Post subject: | Renko EMA 200 & NonLagMA strategy |
Hello I'm new to this forum. I love all the stuff you share here. This is one of the best FOREX forums I've seen so far. Anyway, I've been trading with a strategy using Renko bars with good results but it would be very convenient to have a code for it. If anyone could help me writing the code that would be great. This has great potential. The strategy is the following: Indicators: - Renko bars (I use 3 pips bars but this can be modified) - EMA 200 - NonLagMA(10) indicator Buy: Enter a long position when the price is ABOVE the EMA 200 and the NonLagMA(10) turns green. When the NonLagMA(10) turns red, we exit the trade. NEVER buy when the price is below the EMA 200. If the price crosses EMA 200 from below, buy a long position as soon as the Renko brick closes above the EMA 200. The exit in this case is similar to the previous condition (exit when NonLagMA(10) turns red). Sell: Enter a short position when the price is BELOW the EMA 200 and the NonLagMA(10) turns red. When the NonLagMA(10) turns green, we exit the trade. NEVER sell when the price is above the EMA 200. If the price crosses EMA 200 from above, enter a short position as soon as the Renko brick closes below the EMA 200. The exit in this case is similar to the previous condition (exit when NonLagMA(10) turns green. The goal here is to catch large moves of the price. For this reason, this strategy works better when there is high volume of trades in the currency pair (tipically from the opening of the european session until 13:00 -14:00 eastern time). It is also important to choose a currency pair with little spreads (any spread higher than 3 pips is too big). Since exits are triggered by the change of color of the NonLagMA(10) indicator, there is no need for stop loss or take profit. By the way, sorry about my english, I'm a spanish speaker but I hope you can understand the rules of this trading method. Find attached the indicators that I use for this strategy. Regards. |
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| Author: | asoto81 [ Tue Oct 21, 2014 12:22 pm ] |
| Post subject: | Renko EMA 200 & NonLagMA strategy |
I forgot to say... decisions on entering/exiting a trade are ALWAYS made when the renko bars close. For example: If there is a change of color of the NonLagMA but the renko bar in which this change of color is taking place isn't closed yet... we need to wait until the close of this bar and only then this change of color signal is valid. This is helpful for the coding algorithm. |
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| Author: | nanningbob [ Tue Oct 21, 2014 3:25 pm ] |
| Post subject: | Renko EMA 200 & NonLagMA strategy |
I have always had an interest in Renko bars but could never find a program that actually would work on Empty4. I will try yours. |
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| Author: | nanningbob [ Tue Oct 21, 2014 3:32 pm ] |
| Post subject: | Renko EMA 200 & NonLagMA strategy |
If you would zip your package in a regular windows folder we all would appreciate it. First I had to do was find a rar zip package and then I have to deal with malware trying to find a clean one. So if you want people interested in your project use a normal zip package from windows. Thank you. |
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| Author: | astral77 [ Tue Oct 21, 2014 5:24 pm ] |
| Post subject: | Renko EMA 200 & NonLagMA strategy |
HI BOB USE the 7zip org, it works on all zipped and compressed files and has no viruses. I have been using it for years. download it here. http://www.7-zip.org/ regards |
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| Author: | asoto81 [ Wed Oct 22, 2014 12:34 pm ] |
| Post subject: | Renko EMA 200 & NonLagMA strategy |
Hi. As requested, find attached a .zip file with the indicators. I also included the template that I use for this strategy which is very simple. In the template there is a SMA 100, that is just an optional thing that I look sometimes. It is not important for the strategy |
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| Author: | asoto81 [ Wed Oct 22, 2014 12:51 pm ] |
| Post subject: | Renko EMA 200 & NonLagMA strategy |
When you drag and drop the Renko EA, make sure you select the following parameters: RenkoBoxSize: 3 ShowWicks: True CalculateBestBoxSize: False Leave the rest as default. Below you can find a screen capture of the template. As you can see, there are good opportunities with the EUR/USD today (I just took a screen capture in this moment, I didn't search for a good setup) |
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| Author: | nanningbob [ Thu Oct 23, 2014 4:14 pm ] |
| Post subject: | Renko EMA 200 & NonLagMA strategy |
Here is Renko with the 240 alert system trend only. Will play with this. |
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| Author: | ianp [ Fri Oct 24, 2014 5:24 am ] |
| Post subject: | Renko EMA 200 & NonLagMA strategy |
Hi Bob, I tried running the secret bob EA on a renko chart , but as it is a offline chart the EA time did not update , I thought it may be interesting to see if there is any advantage using renko charts. : |
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| Author: | nanningbob [ Fri Oct 24, 2014 10:44 pm ] |
| Post subject: | Renko EMA 200 & NonLagMA strategy |
The secret bob runs off of the indi and not off the chart info so it wouldnt work as written on a Renko chart. |
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