Okay, looks promising to my eyes running it on the MT4 strategy tester. I'll give it a try to automate.

Renko channel + Fast EMA = simple and profitable

Fast3MA indicator on my chart looks different than yours, any idea?

Renko channel + Fast EMA = simple and profitable

I'm reading your thread. Please edit your Post 1 and try to write Entry/Exit rules more clearly. I'll test the indicators in backtest to see how they would perform.

Renko Trading Discussion

Awesome man!

¥ • Power System

Indeed, I strongly believe that the moving averages on Renko charts work the best. However, a MA (or multiple MA) is not enough to be profitable in this market. We need more than that...

Renko Trading Discussion

Hi Khalil, Thanks for sharing your idea/EA with us I am testing the EA. I realized that the profit it shows is without calculating the trade commission. Best, Math

¥ • Power System

You can start from here.

Renko Trading Discussion

The back test is on EURUSD 10 pips Renko chart, not M1 chart. There is no original implementation of testing Renko charts in MT4, so we create Renko history and save it in an M1 HST file, where we will be able to use the MT strategy tester to back ...

Renko Trading Discussion

I have created two Tick Chart Creator EAs for MT4 which may be of your interest: Scalpers Tick Chart Creator url and Spread Chart Creator EA url However, there are only EX4 files available to download.

Who can share some tool for TICK CHART in MT4/5?

Here is the backtest results. The EA uses a grid strategy.

Renko Trading Discussion

You're welcome! :-) Just wanted to add that Gold and USDCHF were the biggest losers. And statistically the trades took around 8 GMT0 where mostly winners.

ATR Break Out

What about a virtual trailing stop on the basket profit? For example, after 10% the EA triggers the virtual trailing stop, if the net profit backs to 5%, it closes the basket, if the net profit goes to 15%, it moves the virtual trailing stop to 10% ...

ATR Break Out

Hi Khalil, I analyzed the results, and found out that it works the best in trending days. As you mentioned, since we do not know which days market would be trending, it may work the best around news times. Best, Math

ATR Break Out

The EA needs the following indicators: smC4Scalper Candles_v3.1 MA in Color_wAppliedPrice (This indicator is not in the attached Zip file to Post 39) MACD Alert

Renko Trading Discussion

The regression channel repaints. The buy signal you see on above chart is the result of intersection between the lower band of the channel and the price action, however, that intersection happens at the point on the chart that you has labeled as ...

Renko Trading Discussion

That's why I'm Math Trader Se7en!

The Goose

Here is the result of trading on M5 charts.

ATR Break Out

Thanks for reporting the bug! :-) I uploaded a new version to above post which solves the problem.

Reverse Martingale strategy

Did you manually delete some of the pending orders?

ATR Break Out

Here is Version 1.5 of the EA that automatically opens positions based on the Heiken Ashi Smoothed indicator, and time of trade filter. You need to copy the attached indicator in <MQL4\Indicators> folder. Edit: Uploaded Version 1.55 which solves a ...

Reverse Martingale strategy