This strategy lets you plot Renko open and close values, based on your preferred Renko size brick, on normal candle chart. You can use it on any timeframe, define your preferred brick size and trailing stop.
Based on my "Renko Reversal Alert".
Will open a long trade and close all short trades, if there is a bullish renko reversal.
Will open a short trade and close all long trades, if there is a bearish renko reversal.
This code is a custom made backtest for a Metatrader 4 EA that is being sold by another person at this link www.mql5.com. I made this backtest myself to see how the EA would perform. I don't have the author's source code, but by looking at how the EA ran, it was very easy to see how it worked. When using this backtest,...
Simple Renko strategy, very profitable. Thanks to vacalo69 for the idea.
Rules when the strategy opens order at market as follows:
- Buy when previous brick (-1) was bearish and previous brick (-2) was bearish too and actual brick close is bullish
- Sell when previous brick (-1) was bullish and previous brick (-2) was bullish too and actual brick close is...
(reposting as i did a mistake and posted it as ''Idea''and not as ''Script'')
$$$$ ridiculously good $$$$ strategy based on my previously published ''Renko Magic''alerts
- ENTER a trade JUST AFTER 1 renko brick is printed.
- EXIT that trade, and open a new reverse position, just after 1...
This is an implementation of a strategy based on two MA Ribbons, a Fast Ribbon and a Slow Ribbon. This strategy can be used on Normal candlestick charts or Renko charts (if you are familiar with them).
The strategy revolves around a pair of scripts: One to generate alerts signals for Autoview and one for Backtesting, to tune your settings.
The risk management...
This "Strategy" project has been created by request.
*** EXPERIMENTAL ***
*** USE AT YOUR OWN RISK ***
Strategy based around Renko Bar Chart emulator (ATR) with direction change used to signal long/short trades.
I have generally found that setting the strategy ATR resolution to 3-5x that of the chart you are viewing tends to yield the good...
You must be using the renko chart with traditional settings with the block size set at .0001. This can be done by going to settings. Style at the bottom should be changed from ATR to traditional. The set the block size as .0001.