Never heard of error 138 in MT4 strategy tester. Only in live/demo forward.

Lets Automate a Simple Renko Strategy!

Thank for your kind words GI, You may use this EA on any charts types (offline renko or regular TF) but the better rusults you have to expect from renko brick offline charts. BTW EA is going strong. image image RA14.zip - full html report

Lets Automate a Simple Renko Strategy!

One more Renko approach is ready for you mates. It is also a sort of simple strategy from this post. Looking not too bad by now. Let us see how it will go on. I advice you to start with default settings. P.S. No one additional indicator is necessary ...

Lets Automate a Simple Renko Strategy!

Welcome on board, Ezios! Yes, you may attach it to any (renko or any basic TF) chart and use it. No one external indicator is necessary.

Lets Automate a Simple Renko Strategy!

Hi metta87, Yes mate, it do repaint. You may check it yourself in MT4 strategy tester switched tp indicator testing in visuial mode. P.S. Repaint doesn't mean that we have to refuse using it. The advantage of repainting indicators that they give us ...

Lets Automate a Simple Renko Strategy!

Thanks for your back-tests and investigations mate. EA RenkoVdub is under development yet. There are some issues with Vdub_Pivot_Channel indicator as i've reported above. Of course TP & SL are to be implemented as well as brick size trailing. As to ...

Lets Automate a Simple Renko Strategy!

Here you go sir. Current EA version RenkoSimple has static SL/TP in points and optional Trail Stop function which utilizes hidden brick size trail by bar close. It makes back-testing more correct. Please test it and report your results. file

Lets Automate a Simple Renko Strategy!

Hi putrimawarfx, You are welcome. There are different renko strategies discussed in this topic but i believe no one of renko based strategies may be considered as scalping.

Lets Automate a Simple Renko Strategy!

Dear mates, maybe somebody has source code of Vdub_Pivot_Channel.mq4 indicator? It is necessary to fix its lagging coding algorithm. image

Lets Automate a Simple Renko Strategy!

Hi thorn, i'll implement your ideas and upload new EA version soon.

Lets Automate a Simple Renko Strategy!

Right morne72, standard 10 pips renko brick size. But please refer to the above linked thread with your questions in order not to clutter this MathTrader7 thread.

Renko Trading Discussion

Hi tkhan011, unfortunately i don't see any advantage in your approaches. You are trying to build winning position paying no attention to entry and exit points. Scenario 1 will win in strong trend but will lose more than gained during range market. ...

Lets Automate a Simple Renko Strategy!

Do you mean that your trade manager is closing position earlier than it hit TP or SL? What is the reason to use such trade manager on demo account?

Robinho EA

Maybe i missunderstood something. My calculations. USDJPY Buy open price=103.60, SL=103.42 TP=103.95 image

Robinho EA

Hi tkhan011, thanks for your contribution but unfortunately i have to disappoint you. I have experimented alot with grid-trading techniques and Martingale long time ago. The main lesson of these experiments was that these methods can't help to make ...

Lets Automate a Simple Renko Strategy!

Studying your charts i noticed that you are trading with wrong RR (Risk/Reward=SL/TP) ratio. 00 level trading method recommends SL=10 pips & TP=5 pips Mr. Robinho uses SL=20 pips & TP=5 pips. Looking at your USDJPY trade we may expect your SL=17 ...

Robinho EA

Here is my approach. So far so good.

Renko Trading Discussion

Just now experimenting with the idea how to avoid big losses in heavy trending market with RenkoVdub EA. I apply EMA200 to renko chart. When EMA200 is between the upper and lower boarders of VdubPivotChannel i consider we are in FLAT (ranging) ...

Lets Automate a Simple Renko Strategy!

Congratulations Denis! Your Account Balance has broken the resistance level of $1 MILLION. Sure you'll treat it as strong support now and shouldn't allow to go lower.

An effective strategy and account with stable profit!

I'm not sure WO & MNO are less significant than other levels. And there only two among the rest 25 levels. What is more WO & MNO are usualy far away from the price and do not prohibit EA to enter the trade.

Robinho EA