Please note that just opening a position in one direction everyday is an edge-less trading. You can open a position based on some technical/fundamental analysis, which would be a better approach.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

You are welcome!

USDLFX Offline Chart Creator EA

Yes it is possible. You can find an EA working on Renko charts here.

Need help for EA on a 2 min Renko chart

It seems a reasonable strategy to close the open positions.

The Goose

Hi Magix, I wish all the best with your EA auction for charity purposes I just have a question, does the EA set an initial stop loss for each trade? If so, is it just a stop loss to be there, or is it calculated based on some logic? Best, ...

The Goose

Maybe I open a new thread for this... For the moment, it might be helpful for those who are curious that I use BB (moving average+standard deviation) only for trailing stop (identifying an exit point not an entry point).

Lets Automate a Simple Renko Strategy!

Hi Rag2RichesFX, Wish you all the best with your scalping! Do you only use pending orders?

EURUSD scalping (charts everyday)

Thanks! BB = Bollinger Bands :-)

Lets Automate a Simple Renko Strategy!

Well, I am a big fan of trading on Renko charts. I have developed tens of EAs to automatically test different strategies on Renko charts. The best (profitable) strategy that I managed to automate it successfully, is a scalping strategy based on BB ...

Lets Automate a Simple Renko Strategy!

You can find the latest version (3.35) in this Post.

Lets Automate a Simple Renko Strategy!

I checked the stochastic filter of the EA, and it works correctly. Please make sure that Enable Stochastic Filter? is set to true. If it is set to true, a BUY position will be open if the stochastic is in oversold area, and a SELL position will be ...

Lets Automate a Simple Renko Strategy!

Hi Zorran, I'll double check the functionality of the stochastic filter for any possible bug in Version 3.35. Best, Math

Lets Automate a Simple Renko Strategy!

I no longer use this EA. I have developed other EAs for trading on Renko charts.

Lets Automate a Simple Renko Strategy!

Hi Rooi, I haven't shared this EA anywhere. I have implemented it to easily back test the idea of this thread. I may go live trading with this EA on a Cent account. Best, Math

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Please note that this is an edge-less trading strategy! For example, at the beginning of every daily candle, you open a SELL position. Depending on the outcome of your position (profit/loss) you open the next trade with MM described in Post 1.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Hello, The only difference between MM in my EA and what one can see in Post 1 is that in my EA after reaching a user specified number of wins, the EA will be reset to risk the initial capital (e.g., 50 USD). And there is no breakeven functionality. ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

The strategy is so simple that I don't even know how to make a screenshot for it!

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Please read Post 1 for MM. For the strategy, I intentionally chose a very simple strategy (without any edge): 1. The EA, depending on the user specified trade direction (BUY or SELL) in the EA settings, opens a position at the beginning of each ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

A new idea to look at the market price time series. I will be looking forward to reading more on the subject. :-)

Crypto Forex