Renko Bars Strategy

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Re: Renko Bars Strategy

Postby Golani » Wed Jul 06, 2016 12:24 pm

Hi all,

is it possible to integrate an STOP by trailling with indicator like EMA ?

Thanks in advance. :?:
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Re: Renko Bars Strategy

Postby Apprentice » Mon Aug 08, 2016 6:04 am

Your request is added to the development list, Under Id Number 3592
If someone is interested to do this or any task other from list please contact me.
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Re: Renko Bars Strategy

Postby Apprentice » Sat Dec 17, 2016 7:42 am

Strategy was revised and updated.
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Re: Renko Bars Strategy

Postby ef_forex » Tue Dec 20, 2016 8:51 pm

First, i would like to thank you for your valuable strategy, i searched it for a while :)

The script don't open the opposite trade ... Sometime the opposite is opened ... sometimes is not

log :

Code: Select all
Symbol   Strategy/Indicator   Message   Time
USOil   RENKOSTRATEGY( USOil,10,2 )   Close All Positions for Symbol (53.586, USOil, ). Successful.   12/20/2016 19:00:12

Actions   Sent Time   Completed Time   Comments   
Failed   Market Order (53.586, USOil, Bought 1)   12/20/2016 19:00   The account is locked. Trading is not available   


But the account is not locked, i opened a trade manually

"Contacted the fxcm support, they said there is no problem with my account, please contact the developer"

Any help please?
Thanks a lot
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Re: Renko Bars Strategy

Postby panos59 » Fri Dec 23, 2016 11:47 am

I'm wondering if its possible to get an option to close on the first opposite brick..fx. to open a bullish trade on the third green brick but to close the trade after the first red brick..
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Re: Renko Bars Strategy

Postby DAVIDR » Wed Jan 04, 2017 8:13 am

Hi, I have the Sub Minute Renko Charts which work perfectly, but when I loaded this Renko Bars Strategy with allow live trading, it does not open any trades. I have the timeframe set to 1 minute.

Any suggestions?
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Re: Renko Bars Strategy

Postby youdig » Wed Jan 25, 2017 9:35 am

I love this strategy, thank you! I've found a bug however:

See my attached screenshot. I've set the strategy up to enter on every new bar in a new direction (1 bar minimum). All the three red bars have been added at 12:00pm. This trade was entered at 142,495. As you see, the next candle is a green one. However, the trade didn't close as it should. I'm guessing the bug has something to do with the fact that 3 red bars opened at once instead of one. If only one bar opens, the strategy closes fine. This way however, my loss should've been ~20 pips but is now over 40 pips. It'd be awesome if someone can fix this! Thanks again.
Attachments
Screen Shot 2017-01-25 at 14.41.25.png
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Re: Renko Bars Strategy

Postby jakk816 » Mon Jan 30, 2017 2:42 pm

@youdig

Renko charts only populate when it's met your brick size criteria at the interval of your selected time frame. It can drop 100 bricks but the chart doesn't take that into consideration until a full cycle of your time frame has been completed. In your case, you need to set your loss amount.
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Re: Renko Bars Strategy

Postby Alexander.Gettinger » Fri Oct 20, 2017 10:05 am

panos59 wrote:I'm wondering if its possible to get an option to close on the first opposite brick..fx. to open a bullish trade on the third green brick but to close the trade after the first red brick..


Please, try this version of the strategy:
RenkoStrategy2.lua
(21.92 KiB) Downloaded 21 times
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