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(Share) RENKO EMA ROBOT

bhushansky

Well-known member
Description
Features
Automatically selects the best stop loss which cuts possible drawdown to a minimum
Optimized for the fastest possible execution, works by open prices. So you can select Open prices only model in the tester without any qualms, which ensures the fastest optimization
The EA only works with its own orders marking them using the ea_magic parameter (unique magic number) and will never mix them up with orders of other EAs (which have different magic number), as well as with manually opened orders
Protecting against failures due to disconnections or terminal disabling. When the terminal is enabled and connection is restored, the EA will keep working with its orders
Automated recalculation of parameters according to number of digits in the account’s quotes
Parameters
n_digits – number of digits in quotes the settings are optimized for
take_profit – take profit
stop_loss – stop loss
lots – volume of performed trades
slippage – allowed slippage
ea_magic – magic number of placed orders
sl_on_ma – allow to calculate an optimized stop loss
sl_dist – stop loss distance
ma1_period – first EMA period
ma2_period – second EMA period
ma3_period – third EMA period

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Elgringo

Member
Thanks for share. its very good,
tested on a cent account last week and 10% growth on one minute
and i am happy :)
 

trustyct

Member
Description
Features
Automatically selects the best stop loss which cuts possible drawdown to a minimum
Optimized for the fastest possible execution, works by open prices. So you can select Open prices only model in the tester without any qualms, which ensures the fastest optimization
The EA only works with its own orders marking them using the ea_magic parameter (unique magic number) and will never mix them up with orders of other EAs (which have different magic number), as well as with manually opened orders
Protecting against failures due to disconnections or terminal disabling. When the terminal is enabled and connection is restored, the EA will keep working with its orders
Automated recalculation of parameters according to number of digits in the account’s quotes
Parameters
n_digits – number of digits in quotes the settings are optimized for
take_profit – take profit
stop_loss – stop loss
lots – volume of performed trades
slippage – allowed slippage
ea_magic – magic number of placed orders
sl_on_ma – allow to calculate an optimized stop loss
sl_dist – stop loss distance
ma1_period – first EMA period
ma2_period – second EMA period
ma3_period – third EMA period

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The video asks to make the Brick Size 40. The Set File has it at 100. Which do you use?
 

Filko84

New member
Can you share some preset file?
The one in the archive is not working for me.
1M EUR/USD i get "RENKO EMA ROBOT V9.1: stopped due test limit 'maximal drawdown %=70' reached"
 

ylidor

Member
Hi guys. Just words of caution: All Renko bots are working miracles on back tests but poorly on demo forward tests (and live accounts). I found a reference for this fact hidden somewhere and after testing it extensively I confirmed that indeed this is unfortunately the case. So don't get impressed with the results of this video......
 

tiapan99

Active member
On the video, the chart time frame was set at M1, M1 is supposed to be mt4 standard time frame, anybody has notice it or not. On the setting of MathTrader7_RenkoChartCreatorEA, default is 100 (it means 10 Pips) and therefore, 40 pips mean it should be set to 400.
 

tiapan99

Active member
Sorry, after the 2nd watch of the video, they use m1 chart to create renko chart and use M2 to load the EA.
 

heshuhan

Member
This EA will not work in live, only in backtest.

Here is the following reason:

1. MT4 is an old 32-bit program (albeit improved with SSE2 instructions) that has an internal latency of around 75ms-150ms. This means that an EA that is supposed to read from the buffer presented by a live chart will always have a delay, and at times, during volatile times where huge amounts of ticks are inputted, even more so.

2. Unfortunately the way renko plots is by aggregating number of pips, which, as we all know, once hit, draws a new renko. The problem is that the speed of which market ticks comes in to allow the computer to plot the renko is totally unlike in backtest; where the price might not move for a while and then suddenly it plots a few renkos in a row, especially during sudden spikes or news events. This causes the entries to be extremely late on the EA since, combined with latency of point 1, the EA already did its best possible market order when the bar buffers are formed correctly. This naturally means, for a scalper that relies on a few pips, will have its profitability eroded greatly by slippage, commissions, spreads and/or missing the t/p by a few fractional pips. Lowering the t/p theoretically helps, however, this destroys the risk to reward ratio of the EA; and causes it to mathematically fail in the long run.

3. Renkos create dilemma. If you put too large a brick value, the entries are late; and you may end up getting it at the worse possible points. If you put too small a brick value, the EMA whip and the rapidly fluctuating switch of bull and bear bars will cause too many false signals even on this EA.

Regards,
Mr. He
 

Elgringo

Member
This EA will not work in live, only in backtest.

Here is the following reason:

1. MT4 is an old 32-bit program (albeit improved with SSE2 instructions) that has an internal latency of around 75ms-150ms. This means that an EA that is supposed to read from the buffer presented by a live chart will always have a delay, and at times, during volatile times where huge amounts of ticks are inputted, even more so.

2. Unfortunately the way renko plots is by aggregating number of pips, which, as we all know, once hit, draws a new renko. The problem is that the speed of which market ticks comes in to allow the computer to plot the renko is totally unlike in backtest; where the price might not move for a while and then suddenly it plots a few renkos in a row, especially during sudden spikes or news events. This causes the entries to be extremely late on the EA since, combined with latency of point 1, the EA already did its best possible market order when the bar buffers are formed correctly. This naturally means, for a scalper that relies on a few pips, will have its profitability eroded greatly by slippage, commissions, spreads and/or missing the t/p by a few fractional pips. Lowering the t/p theoretically helps, however, this destroys the risk to reward ratio of the EA; and causes it to mathematically fail in the long run.

3. Renkos create dilemma. If you put too large a brick value, the entries are late; and you may end up getting it at the worse possible points. If you put too small a brick value, the EMA whip and the rapidly fluctuating switch of bull and bear bars will cause too many false signals even on this EA.

Regards,
Mr. He
It does worked for me on windows server 2012, but after 2 weeks my account blow ups
 
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