Discussion re Pure Renko strategy

• 03/17/2020 at 1:31 AM #122301
  nonetheless

  Francesco wrote:

  No one is working trying to convert the strategy on higher timeframes? Maybe we can share ideas i would like to support it, it seems very interesting but i think will never put on live a strategy with 1 sec

  You have to remember that Renko doesn’t have a time component to it, only price and direction, no matter how long it takes to reach that price, similar to Point and Figure. One advantage of a 1 sec TF is that the trailing stop doesn’t have to wait to the end of a long candle before kicking in so you can get in and out very quickly.

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  Francesco

  

  nonetheless

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  03/17/2020 at 3:28 PM #122356
  Paul

  by calculation the custom entryprice (close before the market order), with an adjusted of 2,5% added. The custom entryprice is used to calculate the trailing stops & custom stoploss exit.

  (here it’s run without fifi’s mods)

   

  

  Paul

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  03/17/2020 at 4:08 PM #122362
  nonetheless

  Here’s an MTF variation, boxsize 24 running 0400 to 2300 but with a Hull MA on 10 second TF … seems to show some improvement but hard to tell with such a short back test. I also tried adding a momentum filter and stochasticRSI but this is the only thing that helped (i think). The best box size changes day by day…

  Position size = 1€

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  03/17/2020 at 5:24 PM #122366
  Francesco

  I’m using last Paul’s version. Started this morning and stopped opening positions at 11:57Am don’t know why. No errors message, it shows that the system is still running but doesn’t do anything.

  It’s not also a problem of maximum daily orders, i’ve set it up to 1k.

  What it can be?

  

  Francesco

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  03/17/2020 at 5:50 PM #122367
  Francesco

  Also, my results till 11:57 on demo were so much worse from what backtest shows to me in the same time range.

  I guess it’s a point already discussed in the topic. Any solution?

  

  Francesco

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  03/17/2020 at 5:55 PM #122368
  Paul

  @Francesco Probably below, it stops when short reached 1% loss, same for long. It’s handled separate. Try maxloss 100.

  once periodr = 1 //0all;1day;2week;3month;4year once maxprofit = 100 //set high to make it useless, or to i.e. 2 % once maxloss = 1 //set high to make it useless, or to i.e. 2 % (long & short each)

  1 2 3

  once periodr   = 1   //0all;1day;2week;3month;4year once maxprofit = 100 //set high to make it useless, or to i.e. 2 % once maxloss   = 1   //set high to make it useless, or to i.e. 2 % (long & short each)

   

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  03/17/2020 at 6:16 PM #122370
  Francesco

  Francesco wrote:

  Also, my results till 11:57 on demo were so much worse from what backtest shows to me in the same time range.

  I guess it’s a point already discussed in the topic. Any solution?

  Thanks Paul you’re always clear.

  Any advice for this issue?

  I’m using the strategy on Wall Street Cash (1€), maybe i should use it on Wall Street Cash (2$)?

  

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  03/17/2020 at 7:10 PM #122372
  nonetheless

  The DOW presently has a spread of 9.6, not sure how long that’s been the case but it makes it almost impossible for these 1 second algos to turn a profit. I’m running 3 of them, all heavy losses today. 😒

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  03/17/2020 at 7:12 PM #122373
  Francesco

  LOL right i just noticed that. No worries i think it’s just a momentaneous spread. It always have been around 2/3

  

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  03/17/2020 at 7:27 PM #122375
  GraHal

  nonetheless wrote:

  DOW presently has a spread of 9.6

  Now there’s an idea … anybody ever done any work on coding no Trades when spread (Buy price – Sell Price) is > what IG publish as normal for respective time periods?

  

  GraHal

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  03/17/2020 at 7:35 PM #122376
  Francesco

  This is brilliant, not keeping an eye on the spread you could suffer big losses today.
  But i repeat, i hope it’s just a “problem” of these days due to the high volatility

  

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  03/17/2020 at 7:54 PM #122379
  nonetheless

  GraHal wrote:

  coding no Trades when spread (Buy price – Sell Price) is >

  Now there’s a man who’s thinking.

  Personally I find it criminal that IG can change how the game is played on a whim with no announcement, no warning. How can you advertise that the spread will be 1.6 and then put it up to 9.6? People with live algos on real money could take big losses. Margin requirements have been bouncing up and down as well, way above normal.

  Now they’ve brought it down to 8.6.

  

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  03/17/2020 at 7:55 PM #122380
  GraHal

  GraHal wrote:

  Any help greatly appreciated!

  I’ve raised a new Topic

   

  

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  03/17/2020 at 8:42 PM #122389
  fifi743

  And the minimum stop distance is 1479 point

  

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  03/18/2020 at 8:48 PM #122500
  fifi743

  Good evening,
  There are two trailing stops so there must be different variables.

  example :

  trailingstoptype=1

  newsl1

  trailingstoptype=2

  newsl2

  

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