hit my 80 pips take profit like a charm!

Central Banks & Big Players

I would go long on EURUSD, 80 pips.

Central Banks & Big Players

For an upward prediction, I would use the following Buy Stop/But Limit with 15 pips stop loss and 60 to 80 pips take profit:

Central Banks & Big Players

Here is Version 2.87 of the EA that lets the user disable exit-by-opposite-candle.

Lets Automate a Simple Renko Strategy!

Here is Version 2.86 of the EA that lets the user select three types of trailing stop methods and adds another mode for stop loss: Stop loss methods: 1. FixedSL: A fixed stop loss will be used for all trades. 2. Candle2OpenPrice: The open price of ...

Lets Automate a Simple Renko Strategy!

Here is Version 2.70 of the EA that lets the user select three types of stop loss: 1. FixedSL: A fixed stop loss will be used for all trades. 2. Candle3ClosePrice: The close price of Candle 3 will be set as the stop loss (plus the current spread). ...

Lets Automate a Simple Renko Strategy!

If they repaint, it is not worth giving the strategy a try to automate....

Lets Automate a Simple Renko Strategy!

Me too! Here is the performance of the strategy in a more whipsaw time of the market:

Lets Automate a Simple Renko Strategy!

I was playing with the RenkoMaker Pro indicators to decide whether start writing an EA to automate it. Here are two pictures of manual backtesting the strategy on the recent Renko chart of EURUSD: image image It seems to work at first glance...

Lets Automate a Simple Renko Strategy!

A very good analysis! I also believe that MA crossover doesn't work in long run.

Lets Automate a Simple Renko Strategy!

It seems a good idea to me, however, I don't have Median Renko Chart Creator EA/Script. I may start automating this idea, though.

Lets Automate a Simple Renko Strategy!

I just looked at the PDF file in the archive, and it looks promising. I may give it a try to automate it. However, I guess the example charts given in the PDF file are the best scenarios. it may not be profitable in long run....

Lets Automate a Simple Renko Strategy!

No, I don't know what would be the difference between your backtest method and mine.

Lets Automate a Simple Renko Strategy!

Here is Version 2.62 of the EA that lets the user enable/disable move-to-breakeven.

Lets Automate a Simple Renko Strategy!

A very good observation!

Lets Automate a Simple Renko Strategy!

You're welcome! :-) The backtest is not for one week, it is for one year! I use my own Renko Chart builder from real ticks that labels each Renko candle to be like it is a 1 minute chart.

Lets Automate a Simple Renko Strategy!

Uncheck that option, it is necessary for the EA to receive ticks from the platform...

Lets Automate a Simple Renko Strategy!

Optimized input settings for Version 2.60 MA Method: Linear Weighted Slow MA Period: 30 1% Free Margin per trade.

Lets Automate a Simple Renko Strategy!

What setting differs in these two back tests!?

Lets Automate a Simple Renko Strategy!

Could you please annotate on the below picture what is your mind by saying "on the open of the 3rd brick"? image

Lets Automate a Simple Renko Strategy!