Discussion re Pure Renko strategy

• 04/25/2020 at 11:10 PM #128104
  nonetheless

  eckaw wrote:

  boxsize would have changed from the startingvalue 27 after 8 trades

  possibly true, i’d have to graph it. But assuming it did change, it changed for the worse, as I take a loss on the 24th where you get a gain. Lengthy forward testing is the only way with such short TFs. Even with 200k, the back test only says  whether or not it worked last week … not much to go on.

  

  nonetheless

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  04/25/2020 at 11:21 PM #128106
  eckaw

  Yes I agree, this is a massive disadvantage on this timeframe. I wonder why the ML changes for the worse though, what can be changed for it to make a better decision? I was hoping fixed all and pt would help but that might not be the case.

  

  eckaw

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  04/25/2020 at 11:22 PM #128107
  eckaw

  In my previous post I was meant to say fixed “sl and pt” – autocorrect..

  

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  04/26/2020 at 7:20 AM #128125
  GraHal

  eckaw wrote:

  I wonder why the ML changes for the worse though

  Different price conditions on 23/4.

  If from one day to the next price changes from big swings / trends up to little swings / trends up (and opposite for shorts) then the box size which was valid on 23/4 (for big swings) will not be valid on 24/4 (for little swings) … so the ML would need a lot of trades on 24/4 to adjust the value back to a good / winning value.

  I was manual trading  on 5 sec TF on 24/4 and it was a waste of my time because price was up a few points down a few points, up a few points, down a few points .. all day long it seemed?

  Just a few thoughts anyway … I still think daily optimisation is the way to go on sub 1 min TF’s … even with the ML also doing additional optimisation on the fly within the strategy.

  

  GraHal

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  04/26/2020 at 10:37 AM #128167
  Paul

  eckaw wrote:

  wonder why the ML changes for the worse though

  What GraHal said and the way the code was setup, means there are a lot of signals which are ignored when in a position. The backtest results are basically luck. Maybe ML has more chance, when it realise a position is opened and going in the opposite direction and a new signal appears in the same directions, the previous one is closed an a new one is opened with new parameters.

  So i.e. a long position in loss is closed and taken in consideration with ML because the long signal appears in the same direction. It gives meaning to a bad signal, which can maybe influence the next one for the better. When a trade long is positive and another long signal appears then there’s no action. Only in loss. Or you could do the opposite 🙂

  I believe and very well could be wrong here, but if the backtest results don’t change too much with more trades, the strategy is more robust.  However still it’s no guarantee. I don’t think ML is the holy grail in this btw.

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  Paul

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  04/30/2020 at 3:14 PM #129056
  Francesco

  Is anyone testing in demo 2.3pr? Which timeframe, boxsize, renkotype and stoploss?
  Can i have result images? Thanks.

  

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  05/06/2020 at 10:13 AM #130191
  Franro

  Anyone still running 10s/1s?

  

  Franro

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  05/06/2020 at 1:17 PM #130228
  Bard

  Franro wrote:

  Anyone still running 10s/1s?

  Can anyone explain how you can make a profit on such a small TF when the spread is taken into account and how long are the trades held onto? I know when I was live scalping Forex that I couldn’t make money on anything under a 3 minute chart.

  

  Bard

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  05/06/2020 at 3:03 PM #130251
  GraHal

  How about coding for conditions as attached … happened at 13:17 today and was all over 2 minutes later!

  Generally happens several times per day … Open – Close > x and exit at first pull back > Y etc?

  I’ve made £95 today on 6 trades like attached and lots of little ones.

  I was mad again as yesterday 3 x Algos on 5 Min TF lost me £80 so I made it back up on manual trades!  Maybe I should get mad more often!? 🙂

  I think we need to look at a scenarios as attached and code for it … then backtest to see if it works / optimise ??

  Maybe it won’t work and only the human  eye / brain can take it all in!? 🙂

  PS

  Dam … just missed another while typing this!  See Renko 2 attached!

  

  GraHal

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  05/06/2020 at 3:08 PM #130255
  Francesco

  I can’t understand exactly what conditions you are referring to, that chart is a labyrinth 😮

  

  Francesco

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  05/06/2020 at 3:16 PM #130256
  GraHal

  Chart is on a 5 sec TF and I am referring to the several successive red candles that provide a very short term profitable run.

  I know you were joking … right!? 🙂

  

  GraHal

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  05/06/2020 at 3:30 PM #130260
  Francesco

  So you mean doing something like that? Long when body and the low of the last candle is greater then previous 2 candle and viceversa

  In certain hour times also? Maybe adding a bearish/bullish detection?

  body= abs(close - open) short= open>close long= close>open if close>close[1] then if body>body[1] and body>body[2] then if short[1] then sellshort 1 contract at market endif endif elsif close<close[1] then if body>body[1] and body>body[2] then if long[1] then buy 1 contract at market endif endif endif

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

  body= abs(close - open) short= open>close long= close>open   if close>close[1] then    if body>body[1] and body>body[2] then       if short[1] then          sellshort 1 contract at market       endif    endif elsif close<close[1] then    if body>body[1] and body>body[2] then       if long[1] then          buy 1 contract at market       endif    endif endif

  Not Tested

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  Francesco

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  05/06/2020 at 3:45 PM #130265
  GraHal

  Yeah might work, but also maybe needs a size of body in the code as these ‘explosions’ happen with bigger candles than most candles  … I guess it’s caused by an institution selling / buying a lot of stock?

  Also as soon as there is a pullback > y points then exit?

  All needs to be optimised and backtested etc, but I was just trying to show by my results today that it can work.

  I use the 5 sec TF because – if short – then it’s easy to see green candles forming and their size re a pullback etc.

  I didn’t know you were that quick at coding … I’ll go check out your latest Scalpmaster! 🙂

   

  

  GraHal

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  05/06/2020 at 3:54 PM #130266
  Francesco

  Just found that snippet in the forum, i’m not that good 🙂

  

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  05/06/2020 at 4:07 PM #130269
  Franro

  I have been running the renko v2p dji 1sec_mod fifi and it is running very well but its stopping sometimes and I dont know why.. I have capital free so i cant tell why its doing that.

  

  Franro

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