Autotrading with Renko Bars

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09/22/2020 at 1:45 PM #144990 quote
Léo
Participant

Average
Thank you Nicolas,

Cf the code below.

It seems to work well on index but not on currencies – need to figure out why !

Thank you again.
```
Defparam cumulateorders = false

//

ATR = AverageTrueRange[14](close)
Period = 1000
boxsize = average[period](ATR)
 
once topprice = close
once bottomprice = close - boxsize
 
if(high > topprice + boxsize*2) THEN
topprice = close
bottomprice = topprice - boxsize*2
ELSIF (low < bottomprice - boxsize*2) THEN
bottomprice = close
topprice = bottomprice + boxsize*2
ELSE
topprice = topprice
bottomprice = bottomprice
ENDIF
 
buy at topprice + boxSize stop
sellshort at bottomprice - boxSize stop
```
09/23/2020 at 8:27 AM #145040 quote
Nicolas
Keymaster

Master
Everything works fine for me, I put the indicator code for you to test the size of the renko boxes on the graph:
```
ATR = AverageTrueRange[14](close)
Period = 1000
boxsize = average[period](ATR)
 
once topprice = close
once bottomprice = close - boxsize
 
if(high > topprice + boxsize*2) THEN
topprice = close
bottomprice = topprice - boxsize*2
ELSIF (low < bottomprice - boxsize*2) THEN
bottomprice = close
topprice = bottomprice + boxsize*2
ELSE
topprice = topprice
bottomprice = bottomprice
ENDIF
 
return topprice,bottomprice
```
backtest-renko.png
09/23/2020 at 8:46 AM #145043 quote

Léo
Participant

Average

Merci Nicolas !

I will use the indicator and the code.

When applying this kind of code to forex should I use the “pipsize” code ?

Thank you again

Best regards.

09/23/2020 at 8:57 AM #145045 quote

Nicolas
Keymaster

Master

No, because the ATR value is in price and doesn’t need to be converted.

09/23/2020 at 9:07 AM #145046 quote

Léo
Participant

Average

Ok understood !

Thanks again !

02/22/2021 at 9:38 AM #162307 quote

Majellan
Participant

Average

Hello Nicolas,

Thank you for your work on the Renko code.

Could you show me please how to modify Renko code so that in certain situations, the system only takes Short trades (e.g.) moving averages trending down.

And in other situations it only takes long trades.

Thank you.

04/11/2022 at 11:03 PM #191604 quote

Sterk
Participant

New

~~Hoe kan ik de Renko bar formule implementeren in een autotrading formule met een “Call Functie” ?~~

How can I implement the Renko bar formula in an autotrading formula with a “Call Function” ?

RUS-RocnRoll-2.itf

04/12/2022 at 12:29 AM #191611 quote

robertogozzi
Moderator

Master

@Sterk

Only post in the language of the forumthat you are posting in. For example English only in the English speaking forums and French only in the French speaking forums.

Thank you 🙂

04/12/2022 at 9:00 AM #191627 quote

Sterk
Participant

New

Nicolas,

How can I implement the “Renko candles with the ATR” into my strategy with a “call function” .

Thank you in advance.

RUS-RocnRoll-2-1.itf
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