Run cbot on renko charts

mihaidonos
02 May 2020, 23:43

Also, I saw this post: https://ctrader.com/forum/calgo-support/13950

PanagiotisCharalampous says: You can use cBots on Renko charts. There is no specific example as there is no difference to other chart types.

How do you do that?

Thanks in advance!

driftingprogrammer
03 May 2020, 08:39 ( Updated at: 21 Dec 2023, 09:22 )

Just select

mihaidonos said:

Also, I saw this post: https://ctrader.com/forum/calgo-support/13950

PanagiotisCharalampous says: You can use cBots on Renko charts. There is no specific example as there is no difference to other chart types.

 

How do you do that?

 

Thanks in advance!

Just select Renko, it works fine, you are looking at the wrong place for renko graph.

mihaidonos
03 May 2020, 10:56

RE: Just select

Thanks a lot! I don't know how I've missed that :)

In order to back test renko I've made my own calculations. I have a cbot that keeps an array with renko bricks and can enter / exit if some consecutive bricks in one direction appear.

If anyone thinks this might be useful, I can publish it.

driftingprogrammer
03 May 2020, 14:44

RE: RE: Just select

mihaidonos said:

Thanks a lot! I don't know how I've missed that :)

In order to back test renko I've made my own calculations. I have a cbot that keeps an array with renko bricks and can enter / exit if some consecutive bricks in one direction appear.

If anyone thinks this might be useful, I can publish it.

That sounds really interesting, I have implemented something similar myself. But I have been wanting to make a EMA crossover cBot on a renko chart, the problem is i have to run it on a renko chart otherwise i will not get the EMA i am looking for so i think i will not be able to backtest it.

I understand what you are doing is running your bot on a tick chart and making the historic renko blocks yourself, since you do not depened on an indicator that needs to be running on a renko chart that is the reason you are able to do this. It is a brilliant idea because now you can do backtesting and optimisation.

There is another github opensource project which is suppose to enable us to be able to backtest renko chart but i have not looked into it yet and I think it needs some work.

Cheers.

mihaidonos
03 May 2020, 16:32

Yes, that's correct.

You can also do the calculation for EMA yourself using your data as input. The possibilities are endless if you have the time.

I was very enthusiastic about renko when I first saw it and wanted to test if such a simple strategy can work. The results are promising.

From my experience I don't find indicators to be good for anything... I've coded a lot of strategies and none of them worked so that I can actually trade them. Even with renko, the profits are not sustainable enough in order to put the money yet.

The only things working for me are trendlines and support/resistance levels.

What I want to do next is to combine these with renko. I'll do some manual entries using trends and s/r and let the renko cBot handle the trades. If this is successful, I'll code to enter trades based on drawn lines. 

Imagine doing the analysis in the morning and let the cBot do the work for you.

What is your experience with renko? Did you find anything useful?