Thanks for testing it :-)

Lets Automate a Simple Renko Strategy!

It must be solved in 2.99.

Lets Automate a Simple Renko Strategy!

I see your point, but this EA does not trade based on two MAs cross. There are a lot of such EAs out there that you can download and examine their performance on Renko charts... Could you tell me in which version of the EA you observed such backward ...

Lets Automate a Simple Renko Strategy!

Not sure whether it improves the performance... I may give it a try, though.

Lets Automate a Simple Renko Strategy!

I live in Sweden where for me "AUD Employment Change and Unemployment Rate" news release time is at 03:30, when I'm asleep ;-)

Central Banks & Big Players

You're welcome! :-) Yes, I do trade those news as well.

Central Banks & Big Players

Here is a list of high impact news that generate the most volatility: NFP, FOMC, Trade Balance, CPI and Retail Sales (from left to right in order).

Central Banks & Big Players

Nice portfolio! Demo or live?

Lets Automate a Simple Renko Strategy!

It means that the EA risk 10 USD (if your account currency is in USD) per trade (i.e., if the stop loss of the trade hit, you will roughly lose 10 USD).

Lets Automate a Simple Renko Strategy!

Nice looking setups! :-) Do you mind to share your Renko channel indicator with us?

Renko Bounce Trade

Here is Version 2.99 of the EA that lets the user enable/disable additional check for the slope of the two moving averages. In this version the EA exits by opposite candle only if the position is in profit.

Lets Automate a Simple Renko Strategy!

Time filter has a significant effect on the performance. However, it totally depends on the broker time and the currency pair. For EURUSD pair and a broker with GMT2 time reference, the start and end time input settings in Version 2.98 are optimized. ...

Lets Automate a Simple Renko Strategy!

Hi rajastar, here are my thoughts: Good point, as I agreed before... I see your point, but I do not agree with you because you need to think algorithmically for a strategy developed for an EA. In this case, two MAs have been already crossed! Just go ...

Lets Automate a Simple Renko Strategy!

Hi dafa, if you enable the Stochastic filter, then if there is a BUY opportunity, the EA additionally checks Main or Signal value of the stochastic indicator (whichever you specify in the input setting Stochastic Value Type) to be below Over Bought ...

Lets Automate a Simple Renko Strategy!

Change the extension of file name form .txt to .set

Lets Automate a Simple Renko Strategy!

So, basically you want the EA to additionally check whether Fast MA is above/below Slow MA for BUY/SELL, right?

Lets Automate a Simple Renko Strategy!

Hi rajastar, you are right! The EA closes a position if one opposite candle appears. I will modify the EA to close a position if a reverse candle appears and the position is in profit. There is a small documentation for the input settings in each ...

Lets Automate a Simple Renko Strategy!

I may not understand exactly what you mean, but I guess it is already implemented in the EA. Could you explain your entry/exit strategy by an annotated chart?

Lets Automate a Simple Renko Strategy!

Yes, I did. Using stochastic enabled, the number of trades reduced from 312 to 200, profit reduced 16% while DD reduced 27%. Since DD reduced significantly, I released this version.

Lets Automate a Simple Renko Strategy!

Hi crkjl, check your moving averages settings on the chart and the EA's input settings for the moving averages. I changed the default settings to Periods 50 and 17, with the method linear weighted, and applied price to median .

Lets Automate a Simple Renko Strategy!