Discussion re Pure Renko strategy

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03/17/2020 at 1:31 AM #122301 quote

nonetheless
Participant

Master

Francesco wrote:

No one is working trying to convert the strategy on higher timeframes? Maybe we can share ideas i would like to support it, it seems very interesting but i think will never put on live a strategy with 1 sec

You have to remember that Renko doesn’t have a time component to it, only price and direction, no matter how long it takes to reach that price, similar to Point and Figure. One advantage of a 1 sec TF is that the trailing stop doesn’t have to wait to the end of a long candle before kicking in so you can get in and out very quickly.

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03/17/2020 at 3:28 PM #122356 quote

Paul
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Master

by calculation the custom entryprice (close before the market order), with an adjusted of 2,5% added. The custom entryprice is used to calculate the trailing stops & custom stoploss exit.

(here it’s run without fifi’s mods)

Screenshot-2020-03-17-at-15.17.43.jpg

03/17/2020 at 4:08 PM #122362 quote

nonetheless
Participant

Master

Here’s an MTF variation, boxsize 24 running 0400 to 2300 but with a Hull MA on 10 second TF … seems to show some improvement but hard to tell with such a short back test. I also tried adding a momentum filter and stochasticRSI but this is the only thing that helped (i think). The best box size changes day by day…

Position size = 1€

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DOW-1s-Renko-v2.5.jpg DOW-1s-Renko-v2.5.itf

03/17/2020 at 5:24 PM #122366 quote

Francesco
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Veteran

I’m using last Paul’s version. Started this morning and stopped opening positions at 11:57Am don’t know why. No errors message, it shows that the system is still running but doesn’t do anything.

It’s not also a problem of maximum daily orders, i’ve set it up to 1k.

What it can be?

03/17/2020 at 5:50 PM #122367 quote

Francesco
Participant

Veteran

Also, my results till 11:57 on demo were so much worse from what backtest shows to me in the same time range.

I guess it’s a point already discussed in the topic. Any solution?

03/17/2020 at 5:55 PM #122368 quote
Paul
Participant

Master
@Francesco Probably below, it stops when short reached 1% loss, same for long. It’s handled separate. Try maxloss 100.
```
once periodr   = 1   //0all;1day;2week;3month;4year
once maxprofit = 100 //set high to make it useless, or to i.e. 2 %
once maxloss   = 1   //set high to make it useless, or to i.e. 2 % (long & short each)
```
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03/17/2020 at 6:16 PM #122370 quote

Francesco
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Veteran

Francesco wrote:

Also, my results till 11:57 on demo were so much worse from what backtest shows to me in the same time range.

I guess it’s a point already discussed in the topic. Any solution?

Thanks Paul you’re always clear.

Any advice for this issue?

I’m using the strategy on Wall Street Cash (1€), maybe i should use it on Wall Street Cash (2$)?

03/17/2020 at 7:10 PM #122372 quote

nonetheless
Participant

Master

The DOW presently has a spread of 9.6, not sure how long that’s been the case but it makes it almost impossible for these 1 second algos to turn a profit. I’m running 3 of them, all heavy losses today. 😒

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03/17/2020 at 7:12 PM #122373 quote

Francesco
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Veteran

LOL right i just noticed that. No worries i think it’s just a momentaneous spread. It always have been around 2/3

03/17/2020 at 7:27 PM #122375 quote

GraHal
Participant

Master

nonetheless wrote:

DOW presently has a spread of 9.6

Now there’s an idea … anybody ever done any work on coding no Trades when spread (Buy price – Sell Price) is > what IG publish as normal for respective time periods?

03/17/2020 at 7:35 PM #122376 quote

Francesco
Participant

Veteran

This is brilliant, not keeping an eye on the spread you could suffer big losses today.
But i repeat, i hope it’s just a “problem” of these days due to the high volatility

03/17/2020 at 7:54 PM #122379 quote

nonetheless
Participant

Master

GraHal wrote:

coding no Trades when spread (Buy price – Sell Price) is >

Now there’s a man who’s thinking.

Personally I find it criminal that IG can change how the game is played on a whim with no announcement, no warning. How can you advertise that the spread will be 1.6 and then put it up to 9.6? People with live algos on real money could take big losses. Margin requirements have been bouncing up and down as well, way above normal.

Now they’ve brought it down to 8.6.

03/17/2020 at 7:55 PM #122380 quote

GraHal
Participant

Master

GraHal wrote:

Any help greatly appreciated!

I’ve raised a new Topic

03/17/2020 at 8:42 PM #122389 quote

fifi743
Participant

Master

And the minimum stop distance is 1479 point

03/18/2020 at 8:48 PM #122500 quote

fifi743
Participant

Master

Good evening,
There are two trailing stops so there must be different variables.

example :

trailingstoptype=1

newsl1

trailingstoptype=2

newsl2
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