vacalo69

Renko Magic - Strategy

(reposting as i did a mistake and posted it as ''Idea''and not as ''Script'')

$$$$ ridiculously good $$$$ strategy based on my previously published ''Renko Magic''alerts


HOW WORKS:
- ENTER a trade JUST AFTER 1 renko brick is printed.
- EXIT that trade, and open a new reverse position, just after 1 renko brick is printed in the opposite direction.
Simple!

HOW TO USE:
- Add script in favorites using the button on this page
- Click on the top the button 'Índicators'' & go to favorites folder and add in graph.
- Now you can see the buy/sell arrows in the graph.
- In the ''strategy tester'' window on the bottom, click on the cog(Settings icon) on the bottom left. There see the tabs:
- ''Inputs'' Default date set from 19 March 2018 - 19 June 2018. Change it to whatever you want
- ''Properties'' 100% of equity. Commission=0.075% (bitmex)

RESULTS: Ridiculous! With timeframe = 1minute & Renko brick = $12, in 3 months it gives 5486% ?!?!

PLAY AROUND with:
- Renko brick size: using the traditional method and see what gives better % for your date range.
- Timeframe: I always use 1minute as the way TradingView Renko works it will 1minute before printing the brick. Any time bigger than this could result in a delayed printing of the brick and delayed entry. What are your thoughts on this?
- You can use https://autoview.with.pink/ to create a bot using this strategy :) $$$ while snoring!
- On the code you can change it from ''just after 1 brick''to ''just after 2 bricks''

SHARE YOUR THOUGHTS:
- on this strategy
- on the impact (good/bad) to the % gain that the different TimeFrames (5minute, 1 hour, etc) can have.
- automation using https://autoview.with.pink. Its a good solution but bitmex gives a few ''System failures'' via the API due to overload. Any ideas how to overcome this? or any platform that also has shorts&longs and leverage, and decent fees like bitmex?
- how reduce number of trades opened/closed? For example combine with other indicators like Stoch RSI , RSI , etc.
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기
Good JOB!
응답
hi can some one help me adding the function to close the trades ate the end of the day like a day trading script ?
+2 응답
thanks you,the strategy looking good i will try it
question
is it possible to write alert for buying and selling ?
응답
Script does not work
+1 응답
Hi. I don't really understand coding so when I apply this code in pine editor it doesn't show anything. Does anyone have the working/updated code?
응답
Unfortunately I lost everything with this script. How can you help me?
+1 응답
when i post here the bracket not showing in post
응답
just update buy_entry and sell_entry

code line no. 5 and 6

응답
snbalar snbalar
@snbalar,

//@version=2
study("RENKO MAGIC ALERT") // Credit to CryptoJoncis for reusing some of his code
buy_entry = close > open and open < open
sell_entry = close < open and open > open
plot(sell_entry, 'sell', color=red, linewidth=1)
plot(buy_entry, 'long', color=blue, linewidth=1)
응답
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 하우스룰(내부규정) 모더레이터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 도움 받기 기능 개발/개선 요청 블로그 & 뉴스 잦은물음 위키 트위터
프로화일 프로화일설정 계정 및 빌링 도움 받기 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃