Renko Robot

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  • 11/17/2020 at 8:59 PM #150828 quote
    Youp
    Participant
    New

    Hi,

    I’m new here. Currently trialling the platform. I have developed a rather simple trading system based on Renko charts and would like to automate that. I noticed that the strategy builder does not allow you to use Renko charts to build a system with the easy buy and sell signal generator, like when you set an alarm. However, I do see people trading automated Renko systems here. So, I assume that when you code the robot directly into ProRealCode then it is possible to create an automated strategy that can run on a server and generate unimaginable amounts of money. Am I correct in that assumption?

    Thanks, Youp

    11/17/2020 at 9:42 PM #150837 quote
    GraHal
    Participant
    Master
    Youp wrote:

    Am I correct in that assumption?

    Yes you are correct, but maybe not about  … generate unimaginable amounts of money!!?? 🙂 🙂

    Youp thanked this post
    11/17/2020 at 10:07 PM #150842 quote
    Youp
    Participant
    New

    Thanks, then the next question becomes: can I build and run this robot also from a PRT sponsored IG account or does the code not connect to their order system?

    11/17/2020 at 10:21 PM #150844 quote
    GraHal
    Participant
    Master

    Try running the Renko Algo below and you will know and gain experience setting an Algo running.

    Defparam cumulateorders = false
 
boxSize = 40
 
once renkoMax = ROUND(close / boxSize) * boxSize
once renkoMin = renkoMax - boxSize
 
IF high > renkoMax + boxSize THEN
 WHILE high > renkoMax + boxSize
  renkoMax = renkoMax + boxSize
  renkoMin = renkoMin + boxSize
 WEND
 
ELSIF low < renkoMin - boxSize THEN
 WHILE low < renkoMin - boxSize
  renkoMax = renkoMax - boxSize
  renkoMin = renkoMin - boxSize
 WEND
ENDIF
 
buy at renkoMax + boxSize stop
sellshort at renkoMin - boxSize stop
    Léo and Youp thanked this post
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Renko Robot


General Trading: Market Analysis & Manual Trading

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Youp @youp Participant
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This topic contains 3 replies,
has 2 voices, and was last updated by GraHal
5 years, 3 months ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 11/17/2020
Status: Active
Attachments: No files
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