Quote Originally Posted by ;
Thank you for all the information. It's not really that hard, once you find it out, the way to place renko charts into mt4 back-tester, but is rather waste of time .
That is why I also think ma crosses have a large advantage over zig-zag, because you know from my zig-zag on renko ea thread, I've looked at quite a few understand that most tend to snore, while the close ma crosses, don't have the exact same issue. Probably why I've been looking more closely at Chris's ea nowadays, though it does not use ma cross, the pa cross it utilizes is very close to your own...
Hello!!
I am analyzing with a few tools a larger amount of renko data. . .and I am finding items. . .that perhaps we can adapt to trading...
For example...I am analyzing the likelihood of continuation of a fashion...I am trying very every indy. . .moving averages, hour limits. . .and until today. . .there is notning...I repeat. . .nothing that at the lengthy time can push the chances over 70/75percent if we speak of scalping. . .the reality is that renko without indys has the exact same probability. . .and each indy can do merely overoptimize that the syste....but I think I will go deeper with this in a new thread possibly...

As per ma crosses. . .it's like with other charts. . .it will perform well during trends but it will endure during ranging periods..anyway that the very best combination I've discovered is the 5/20 ma cross...

When we speak of short-term trading (not scalping) that the ideal solution I've discovered is using:

10pips bricks on EURJPY
TRIX setted into 9
Wait for a TRIX 0 cross (it occurs on average once every 1 or two )
Wait for a close of the brick. . .the close has to maintain the direction of the TRIX cross, if it's not. . .do not trade.
Enter with 20 SL and 30 TP
This egy will give you a 55% gain rate on average. . .with a favorable risk/reward. . .it's not a fast gain egy, and the trades don't happen. . .but it's fairly stable...
With a 20 SL and 20 TP the win rate will be 65%...

About scalping. . .as I stated I am finding some very interesting items...
I think we could reach a near to 70% hit rate with a 1:1 or 1:2 risk/reward. . .and this would be quite great...
but I reserve to do some other research...
The one thing that I am convinced is that a 90% hit rate is an utopia. . .it can happen a while during a month, it may happen with an overoptimization of the system. . .it can happen with an individual trader filter if the trader is quite great....but not at the very long time...