Come to think of it why not attach a different risk for each kind of significant type of candle? Example: Pinbar-> %1 Outside bullish bar -> %0.5 Inside bullish bar -> %0.25 There could be so many variations and so many different uses...

Dilemmas in best possible route to approach trading

To find the reduction ratio of the regular risk we use, we can do a back test of the 4 scenarios I mentioned above. Namely Filter shows long, enter long with usual risk Filter shows short, enter long with reduced risk Filter shows short, enter short ...

Dilemmas in best possible route to approach trading

Hello Ekud, Congrats on the new tool. Thank you for sharing it with us. iwjw has a point warning about the open price of the renko charts. The open price on the renko charts are not real open prices. To get the real open price you have to create non ...

Renko BackTest (RenkoToCSV.mq4)

Thanks for the answer. I would suggest a method to verify what you are doing works exactly as your intentions. Create a renko chart using 100 pips box size and in visual backtester watch how the price moves within 1 bar, and verify the same price ...

Renko Trading Discussion

Thanks once again Math, The reason why I asked this is that backtester could be making mistakes because the SL to breakeven is only %70 of the brick. According to my experiences with the backtester is that trailing stops, or inside the bar stops are ...

Renko Trading Discussion

Thanks a lot Math. One more question: In the BE backtest how many pips does the EA to move the SL to breakeven?

Renko Trading Discussion

Hello Math, What is the renko brick size on this breakeven EA?

Renko Trading Discussion

Khalil, As answers to your questions and brief explanation of my "Channel" logic is as follows: In post 321, I tried to explain "Square Root Of Time Rule". Following this rule we start with a swing low (meaning lowest point of the low after a ...

ATR Break Out

Well I just realized that I was on a different track. I thought you were following ATR channel. Example: Lowest Point of swing + (ATR * multiplier) = Your entry point for long On the other hand, now I understand that you are always seeking (open ...

ATR Break Out

One more important point which could make this EA more robust. The logic of ATR breakout is comparing whether the price has broken the level (for longs) LowestPoint + (ATR * multiplier) When we put some value as multiplier, we are also estimating ...

ATR Break Out

Thanks a lot and thank you for all the hard work you are doing....

ATR Break Out

On the subject of calculating the ATR value, I would like to suggest a more robust method. I believe calculating the ATR based on lower time frames results in erratic values, specially after some big news. When this happens you have a huge ranged ...

ATR Break Out

I totally agree with you. Welcome and good luck...

Renko Trading Discussion

I think you can replace the volume with duration, only requirement is that it must be an integer number and greater than 0....

Renko Trading Discussion

Could you explain a little more? I don't understand the volume part. If you want post the csv file, I will include the correction formula and post it back so that you can use that excel template for future uses. It is not good to make the ...

Renko Trading Discussion

I am glad you are overcoming the problem. Thank you for the compliment. Well in the past I was pulling out my hair trying to figure out all these problems. It was all trial and error. Unfortunately this is one of the shortcomings of mt4. It doesn't ...

Renko Trading Discussion

In your EA if you are not checking time of the day, or higher time frame data, there is an easy way to get around the date and time problem. Just open you csv file in excel, at the second row write a formula to add 1 minute to first row date and ...

Renko Trading Discussion

Ekud, In post #214 I was referring to the chart you posted before the tick data. In the last chart you posted, those are real gaps in data. Either real gaps or missing price gaps, I can not tell for sure. But the chart before you downloaded the tick ...

Renko Trading Discussion

Hello Ekud, I don't think it is the fault of the data you have. Most probably when you exported your renko chart to csv, some bars ended up with same minute in the time and date column. Please check your csv file for that. If you find duplicate ...

Renko Trading Discussion