My current trade… profit so far of 34 pips.
Hi Kelton, Jedster. I’m going to take a look at renko charts to see what can be done to build an ea.
Hey Medisoft, thanks for all your help!
Hi Medisoft,
The fact that this is applied to a renko chart won’t make any difference to the EA. All you need to do is code up the logic as a normal EA and just drop it on the renko chart instead of dropping it on a regular time based chart. The EA itself won’t be any different.
J
Kelton,
just so Im sure what Im doing…
EMA 650 and EMA 120, right? All applied to close. (back in your first topic it`s still the 600 ema, just to let you know.)
RSI 250 and RSI 120.
Long when price crosses the 650 ema and the 250 RSI is above 50. Exit when 120 RSI goes bellow 50.
reverse for short…
is that all?
I read it as Exit when price crosses EMA120 allowing for reentries on favourable RSI cross OR exit when RSI 250 (not 120) goes below 50
Make sure dll imports is checked and the time frame is 2 or 7
Thank you mate. Great system you have here
No your settings are wrong. Your chart with the candle sticks on it needs to be set to the 1m timeframe
Sold at 1.3230 @ 146 profit right now
Kelton
May I ask you some questions about the right behavior of the EA?
The entry is done just after the current box crosses above the EMA(600)? or when it closes above it?
The same question for RSI(250).
And for close, I close when the current box crosses below the EMA(120) or when it closes below it?
Same question for the RSI(250)
(reverse for sell)
This is an entry on usdcad, the arrow shows when the signal was triggered.
On the close, but i only trade eu and gu
Thanks.
Another question: the exit rule is based on the 250 RSI or the 120 RSI?
And what about the 100 and 200? they are deprecated?
Mate I think there are errors in your 1st post…may confuse ppl
I know man, it doesnt seem to update when i try to change it
I found a potential problem if the strategy is followed mechanically.
What happens if the box closes above the ema600 but below the ema120? It will immediatly close the trade.
Also we need a “buffer” on the RSI, instead of >50 or <50 it should be >51 or <49, to have at least 2 points of tolerance, and avoid fast stop out.
Or let it run for at least 2-3 boxes, what do you prefer?
What do you think about adding a new trade every new box that is in the current trend? As “add to winners”, lock profit of all previous trades when a new one is placed with a hard stop loss?
Hey medisoft, im not sure what u mean by this
Hi Mr Kelton. Would you please put your temp of your indicators.? Especially Renko. Thank you