Here is the backtest with the default settings,

Hoved Renko Strategy

Buy pattern: D=U Sell Pattern: U=D Backtest, image Sample trade, image

Bar Sequence Patterns

Hi hovedguy, I'm glad to see a Renko EA is around here. I backtested it, and optimized the input settings. Here is the best results I managed to obtain,

Hoved Renko Strategy

Hi osfx, It seems that the EA couldn't recognize the chart as a non-gap Renko chart... Best, Math

Renko Trading Discussion

Hi ekud87, When price jumps up/down for a large amount of pips, it will appear as a few Renko bricks with a constant volume of 4, a constant time of 1 second and no wicks on my non-gap Renko charts. This can be checked in the backtest, but there is ...

Renko Trading Discussion

That difference makes sense. However, it seems that outside bar is also known as engulfing bar in the terminology of some traders.

Bar Sequence Patterns

And I have a question regarding the terminology you are using. What is the difference between an Outside bar and an Engulfing bar in your definition? Here and Here there are two pages explaining Engulfing bars where there is no difference between ...

Bar Sequence Patterns

I think I didn't get the logic behind "w" and "m". They seem to be the same as "W" and "M"

Bar Sequence Patterns

Thanks Khalil! And the coding is fine with me :-)

Bar Sequence Patterns

Here is the first version of an EA that implements Martinez1's strategy. In this version only a subset of features is implemented.

Renko Trading Discussion

Hi Khalil, I suggest that we add two more patterns: 1. G: (High > previous High) and (Low > previous Low) regardless of being Up/Down bar. 2. W: (High < previous High) and (Low < previous Low) regardless of being Up/Down bar. Best, Math

Bar Sequence Patterns

Thanks for the PDF file. It contains a very good statistical analysis on candlestick patterns. However, I'm still interested in the tool that Khalil is going to kindly share with us. It may not reveal any profitable pattern at the end of the day, ...

Bar Sequence Patterns

Merry Christmas! :-)

Red News Hedge Trading + EA

Hi Intrepidpips, You're welcome! :-) You don't need to open the Charts of the symbols you enter in the input settings of the Multi-Symbol EA. For example, open an EURUSD chart, attach the Multi-Symbol version of the EA to, and enter "USDJPY AUDUSD ...

Non-gap Renko Chart Creator EA

Hi Subaal, This is not an indicator, it is an EA. Here is a video on youtube that shows how to install any EA on MetaTrader 4 platform in 5 easy steps Best, Math

USDLFX Offline Chart Creator EA

If you want to learn MQL4 language by yourself, you can start by looking at the following free tutorial, url Best, Math

Point and Figure pattern indicator

Hi Khalil, I guess that the product is not compatible with newer versions of MT4. And the author did not update it, so it cannot be downloaded on the newer versions of MT4. Best, Math

3 Wise Men

Hi Fiddy, What you explained needs a statistical analysis to find out how it would improve the performance of a Renko trading strategy who suggests to open a position at a Renko reverse candle. Best, Math

Renko channel + Fast EMA = simple and profitable

Hi karamaramun, Hedge move indicator shows the relative moves (in points) of two pairs starting from the open price of the day. If two pairs are, for example, highly and positively correlated, then a trade signal could be when they start diverging ...

Red News Hedge Trading + EA

Mmmm... Could you check your MT4 terminal log to see if there is any error there? I guess your broker (for some reason) rejected to open the second position.

Red News Hedge Trading + EA