Renko SFS 2013 - A live test
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Thread: Renko SFS 2013 - A live test

  1. #1
    Great day to you,

    I've started this journal alongside a trade explorer to test a straight mechanical method for 2013. Based on Renko charting and will concentrate on EU just for the sake of this test. I do not actually understand where this can go. I've selected Renko charts, since it will permit me to follow very strict rules concerning entrance and exit.

    I will deposit $800 in a really large leverage ( 888:1) and with all the additional 50% incentive will consequently start with $1200.00. The additional $400.00 from the account is free cash for the sake of trading - therefore that I will measure return on the real $800.00.

    Annually is a really long time. . .but I am going to attempt to let this endure for 2013.

    I've just made provision for 4 successive deficits. Should I strike 5 - the game is finished. I'd have liked to build in a provision for 5 successive losses - but the capital requirement will be too high with this test on a live account and I am not willing to risk this right now. I did not want to do demo, since it differs concerning spread, slippage and fills and won't give me exactly what I want.

    I think this to be slightly different to some martingale type exercise. The risks are described. The benefits are defined.

    The benefit? Don't understand - could be 10% - could be 20 percent - could be 30 percent - could possibly be zero.

    Margin may be called.

    You're welcome to pop in from time to time. Welcome to comment. Welcome to provide input. Welcome to take it/me apart.

    Deposit will be made in the new year and that I will then begin.

    All success

    Regards

  2. #2
    Produced a few early mistakes with the micro lots - wasn't certain how many lots to trade to get to where I wanted to be. . now sorted.

    Trades will thus be:

    1st entry - 3 lots ( micro)
    2nd entry - 12 lots (micro)
    3rd entry - 50 lots (micro)
    4th entry - 200 lots ( micro)

    Account restricts me to 100 lots max. - so can do dual entry on the 4th...

    Regards

  3. #3
    Quote Originally Posted by ;
    Yes, pleasant simple test. You're placing 1bar plus disperse as SL and one bar plus disperse for TP. You'll only make money when the machine wins more often than it falls. Do you feel this is how it is? What evidence do you have to this?

    An extremely interesting experiment though and maybe can be written to a EA at a while.

    I agree with your assumption to trade price action only.

    John
    Great day to you, John

    It's about probability and money management. I have not earned a single pip so far. I'm down 27 pips so far. Winning rate @ 53.3%. I have yet checked back nearly 12 months prior to me starting this - and - 1st time signals work about 70 -80%. The issue is that the 18 pip wins vs the 42 pip losses. Even at a 75% winning rate for 1st time signals - that the RR ratio puts me into a loss overall.

    Therefor the scaling. Probability and money management.

    I will obviously not be about to trade every single sign - but once I start a sequence - I want to trade it through. You're right - I'm doing this on a little live account to see if I can trade the signals without even thinking too much. Then a potential EA could do exactly the same.

    Thank you for your interest.

    Regards

  4. #4
    Hi . .looking good. I've been trading Renko charts for some time. Would you tell me please what size brick you are using? How do you decide on your initial stop loss?
    Cheers,
    John

  5. #5
    Fantastic day,

    Will come back to the test when I have mended the fuckup. .

    Regards

  6. #6
    Quote Originally Posted by ;
    Hi.. ,
    firstly please forgive my English that it is not my native language. .
    I also love price base charting, I use renko for a few of my main trading procedure. . , and before you began would you please explain to us your own trading egy if you don't mind? Some screenshot maybe?
    Really I composed my very own renko chart builder indior, what's your renko chart builder kind?
    Thanks n best regards
    Great day to you, Kiads

    Your english is just fine. Not my first language - so same page.

    This test is not a part of my own trading. It's just an exercise to see if one could really trade an extremely basic signal-for-signal setup and get a positive outcome. It goes against a lot of good principles. The RR ratios are crap. No benefit will be taken from fashion. Just sign - for - sign trades.

    I attach the indior I use to build my Renko charts

    Will be using 20 pip blocks. Will begin submitting charts as soon as I begin.

    All of the best
    https://forexintuitive.com/attachmen...592093996820.2

  7. #7
    Quote Originally Posted by ;
    Good day to you,

    Your english is just fine. Perhaps not my first language either - so same page.

    This evaluation isn't part of my trading. It is just an exercise to see if one can actually trade an extremely fundamental signal-for-signal setup and end up with a positive outcome. It goes against a lot of great principles. The RR ratios are crap. No advantage will be taken out of trend. Just plain signal - for - signal transactions.

    I attach the indior I use to build my Renko charts

    Will be using 20 pip blocks. Will begin posting charts as soon as I begin.

    All...
    Hello, Happy healthy and wealthy New Year for You.

    Ideally we can discuss further about this evaluation in the future. .
    Your typical renko builder app is mod production from one of most respectful senior trader in my country and also senior member here'Kang Gun'.
    But so far as I know this app still not using anchor beginning point for the feed.
    Also the issue with standard renko chart is the bigger your brick/block size then your switch to overlook inside block movement also bigger.
    I hope you already know about that and can correct your egy accordingly. .
    best regards

  8. #8
    Quote Originally Posted by ;
    Hi, Happy healthy and Rich New Year to You.

    Ideally we could talk further about this test later on. .
    Your standard renko builder app is mod production from one of most respectful senior trader in my own country as well as senior member here'Kang Gun'.
    But so far as I am aware this app still not using anchor starting point for the feed.
    Additionally the issue with normal renko chart is that the bigger your brick/block size then your change to miss inside block motion also bigger.
    I hope you already know about that and may correct...
    Mr.K-

    Thank you for this post. All success is desired to you for 2013

    I know the limitations of this current Renko charting accessible. This - however, is not going to influence my test.

    This is going to be a straight forward non-emotional signal-for-signal test to be performed. I'm still not 100% certain which indie indior I shall use for the test. I am still investigating... it is between two of these. One with more common signals - however a higher chance to achieve 5 losses in a row. One with less signs - but lower chance to achieve 5 losses in a row. Also still trying to finalize Renko brick size. May wind on 15 to get EU.

    I guess it boils down to the return variable in the end of the day. What will be okay? I am taking a look at interest rates and this is what I need to beat. In addition, the connection between funds available vs. actual yield. Should the test only bring in 10% per year - it will become questionable - since there are better/similar investments to be consumed with lower risk. Should the test move to 15% - 20% per year, then it will be something to think about and investigate further. Considering that the principles will be quite clear and simple - then an EA will have the ability to do the job.

    This will not be a double check your account in 60 days thing. It's about analyzing for a sustainable mechanical system that may be converted to operate on it's own. It might fail inside weeks/days.

    You remain welcome to post and talk.

    All the best to you, sir

    Regards

  9. #9
    Okay -

    I have made my decision. .

    Indior chosen. We'll be looking at 100 - 120 signs for the year. Renko bar size stays on 20 pips per bar. The breakdown for admissions as follows:

    First entry - 0.03 lots - TP 18 pips SL 42 pips

    If 1st entry fails -

    Second entry - 0.12 lots - TP 18 pips SL 42 pips

    Should 2nd entry fails -

    Third entry - 0.50 lots - TP 18 pips SL 42 pips

    Should 3rd entry fails -

    4th entry - two lots - TP 18 pips SL 42 pips

    Multiples of 4 to compensate for the bad RR ratio. Would have liked another entry... but @ 8 lots - too much to get a live evaluation. .

    If the 4th trade fails - evaluation ends.

    Regards

  10. #10
    I'm watching with interest as I utilize Renko pubs. I usually use 15 pt pubs. I've been trialing Decision Bar indiors with some success.

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