Renko Strategy

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  • #101349 quote
    Majellan
    Participant
    Average

    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

    #101361 quote
    Nicolas
    Keymaster
    Master

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

    #101407 quote
    Majellan
    Participant
    Average

    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

    Capture.jpg Capture.jpg
    #101454 quote
    Nicolas
    Keymaster
    Master

    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.

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Renko Strategy


ProOrder: Automated Strategies & Backtesting

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Majellan @pbateson9 Participant
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This topic contains 3 replies,
has 2 voices, and was last updated by Nicolas
6 years, 8 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 06/24/2019
Status: Active
Attachments: 1 files
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