Nicolas Renko System

Forums ProRealTime English forum ProOrder support Nicolas Renko System

  • This topic has 2 replies, 2 voices, and was last updated 8 years ago by avatarMark.
Viewing 3 posts - 1 through 3 (of 3 total)
  • #18290

    Hi,

    I have been studying the concept of the Renko system,

    I am interested in adopting this system but with money management/position sizing incorporated into it. Is this something that can be achievable with this type of system? I am trying to add it but struggling to code the position sizing.

     

    Mark

    #18554

    Position sizing/money management can be incorporated into any automated trading strategies you’ll find into the Library. The lot sizing is only a variable that adjust dynamically to your profit and loss with its own calculation.

    I believe you are talking about this renko trading strategy: http://www.prorealcode.com/prorealtime-trading-strategies/renko-automated-trading-with-moving-average-on-candlesticks-chart/

    So please find below the modified code with the money management position sizing:

    Not tested, but should work as intend. Please give feedback.

     

    #19845

    Hi Nicolas,

    This works for me, thank you

Viewing 3 posts - 1 through 3 (of 3 total)

Create your free account now and post your request to benefit from the help of the community
Register or Login