I’ve gone back to basics and been trying to get a profitable system using / modifying the original DocTrading Renko System. I’ll post when I can prove any that work through Forward Test.
When you think … with all the skills contributing to this Topic we might be better starting a new Renko altogether?
We already have the bolt on bits … working ML, Paul’s additions and Trailing Stops, Nonetheless extras and Bard’s ideas etc … the original DocTrading Renko code might be flawed anyway with it’s While and Wend etc etc??
Something else I’ve worked out by experimentation! Using Box size = 40 to make it easier to explain, see below.
Doesn’t seem logical to me??
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oncerenkoMax=ROUND(close/boxSize)*boxSize
oncerenkoMin=renkoMax-boxSize
buyatrenkoMax+boxSizestop//Buy at Close + 40 (because renkomax = close).
sellshortatrenkoMin-boxSizestop// SellShort at Close - 80 (because Renkomin = Close - 40)
In my Test System, I get a Stop Order appearing every second 40 points above Close and another 80 points below Close! 🙂
