Renko Strategy

• 06/24/2019 at 11:01 PM #101349
  Majellan

  Hello,

  Could someone help me please? I’m looking to develop a strategy that uses Renko bars to trade indices.

  If there’s someone there who could help it would be much appreciated.

  Best Regards,

  Philip

  

  Majellan

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  06/25/2019 at 6:56 AM #101361
  Nicolas

  Please describe the strategy you want to be coded, screenshots are appreciated.

  

  Nicolas

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  06/25/2019 at 8:58 PM #101407
  Majellan

  Hello,

  I would like to have a strategy based on 3 point Renko bars using the 4 Hour time frame for context. Please see the screenshot below.

  I simply want to buy when the bars turn green for two bars and sell when they turn red for two bars.

  I would like to see the trades graphically displayed on the Renko chart if possible for back-testing and also for live trading.

  It would be ideal if the time frame and Renko box size are parameters that I can change for testing.

  Any help you could give me with this would be much appreciated.

  Regards,

  Philip

   

  

  Majellan

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  06/26/2019 at 2:51 PM #101454
  Nicolas

  Renko are independent from the timeframe, they are constructed only in relation to the price moves.

  In the platform, all renko bricks generated from other timeframe than the 1-tick one are repainted because they only rely to the candlestick closure.

  It is also not yet possible to build an automated trading system on timeframes non dependent to time, for ProOrder.

   

  

  Nicolas

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