NexusFi: Find Your Edge


Home Menu

 





Renko


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one RJay with 12 posts (3 thanks)
    2. looks_two roonius with 7 posts (2 thanks)
    3. looks_3 TheWizard with 7 posts (9 thanks)
    4. looks_4 Big Mike with 4 posts (5 thanks)
      Best Posters
    1. looks_one TheWizard with 1.3 thanks per post
    2. looks_two Big Mike with 1.3 thanks per post
    3. looks_3 RJay with 0.3 thanks per post
    4. looks_4 roonius with 0.3 thanks per post
    1. trending_up 40,564 views
    2. thumb_up 21 thanks given
    3. group 18 followers
    1. forum 42 posts
    2. attach_file 7 attachments




 
Search this Thread

Renko

  #21 (permalink)
 
tellytub's Avatar
 tellytub 
london uk
 
Experience: Beginner
Platform: NinjaTrader
Broker: Zen-Fire
Trading: Stocks
Posts: 410 since Jun 2009
Thanks Given: 333
Thanks Received: 121

RJay

regarding the image you posted on this port, can you "really" trade "any" of the chart. I find renkos to be impossible to trade, and you tend to lose money VERY quick. I've backtested renkos, and I was getting TONS of money, in the real world, I was losing ALOT of money.

Thanks

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Better Renko Gaps
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
38 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #22 (permalink)
 
RJay's Avatar
 RJay 
Hartford, CT. USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: RTY
Posts: 682 since Jun 2009
Thanks Given: 757
Thanks Received: 787


tellytub View Post
RJay

regarding the image you posted on this port, can you "really" trade "any" of the chart. I find renkos to be impossible to trade, and you tend to lose money VERY quick. I've backtested renkos, and I was getting TONS of money, in the real world, I was losing ALOT of money.

Thanks

tellytub,

I agree with you 100 percent. Renko looks good but performs like crap.

RenkoLive updates with every tick, not just at bar close. Same with PointO.

If I change what I don't like about Classic Renko, Maybe I could make it profitable.

RJay

Reply With Quote
  #23 (permalink)
 
caprica's Avatar
 caprica 
USA
 
Experience: Master
Platform: NinjaTrader
Posts: 155 since Jul 2009
Thanks Given: 45
Thanks Received: 114



tellytub View Post
I find renkos to be impossible to trade, and you tend to lose money VERY quick. I've backtested renkos, and I was getting TONS of money, in the real world, I was losing ALOT of money.

what were you doing differently in backtest vs. live? maybe your backtest was flawed in some other way or was flawed by ninja's own limitations because renko can be quite useful.

"Let us be thankful for the fools. But for them the rest of us could not succeed." - Mark Twain

Reply With Quote
  #24 (permalink)
 
RJay's Avatar
 RJay 
Hartford, CT. USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: RTY
Posts: 682 since Jun 2009
Thanks Given: 757
Thanks Received: 787

Here's my latest update on my RenkoLive project.

While some issues did get resolved, Others presented themselves.

With the output screen not available for CS files in the type directory, It is virtually impossible to continue development.

NT says they are suppose to have their own working version in 7.

Keep your fingers crossed.

Anyway, I am posting my final work in process for your entertainment.

RJay

Attached Thumbnails
Click image for larger version

Name:	RenkoLiveLatest.JPG
Views:	442
Size:	233.9 KB
ID:	1118  
Reply With Quote
  #25 (permalink)
 
roonius's Avatar
 roonius   is a Vendor
 
Posts: 131 since Jun 2009
Thanks Given: 20
Thanks Received: 295


RJay View Post
Here's my latest update on my RenkoLive project.

While some issues did get resolved, Others presented themselves.

With the output screen not available for CS files in the type directory, It is virtually impossible to continue development.

NT says they are suppose to have their own working version in 7.

Keep your fingers crossed.

Anyway, I am posting my final work in process for your entertainment.

RJay

RJay,

Maybe attached will help you out

Edit: removed due to errors found...

Reply With Quote
Thanked by:
  #26 (permalink)
 
RJay's Avatar
 RJay 
Hartford, CT. USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: RTY
Posts: 682 since Jun 2009
Thanks Given: 757
Thanks Received: 787

Hi Roonius,

Thanks for the code. I have already built a couple of charts featuring overlapping bars.

I was trying to find a way to create bars that did not overlap and still update in real time.

I solved the chop problem by definining each bar as it completes as either an up bar or a down bar. The next bar meets criteria to complete as an up or down following either an up or down bar.

Four scenarios instead of the usual two.

I'm putting this project down for a while. NT claims 7 will have the answer.

I have many other projects waiting for my attention.

Good Luck to You,

RJay

Reply With Quote
  #27 (permalink)
 
roonius's Avatar
 roonius   is a Vendor
 
Posts: 131 since Jun 2009
Thanks Given: 20
Thanks Received: 295


RJay View Post
Hi Roonius,

Thanks for the code. I have already built a couple of charts featuring overlapping bars.

I was trying to find a way to create bars that did not overlap and still update in real time.

I solved the chop problem by definining each bar as it completes as either an up bar or a down bar. The next bar meets criteria to complete as an up or down following either an up or down bar.

Four scenarios instead of the usual two.

I'm putting this project down for a while. NT claims 7 will have the answer.

I have many other projects waiting for my attention.

Good Luck to You,

RJay

You can't make "not overlaping" bars which are updating in real time.
The reason is very simple: current NT will not allow you to change bar's open high or low.
Once you add a new bar with open price, you can't change that open price. Period.
Similar with High and Low. You can't change existing bar with lower high or higher low.

I don't think NT7 will be different. I want to be wrong...

Reply With Quote
  #28 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,397 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537

Can you create your own DataSeries instead of using the OHLC bars in ninja?

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #29 (permalink)
 
roonius's Avatar
 roonius   is a Vendor
 
Posts: 131 since Jun 2009
Thanks Given: 20
Thanks Received: 295


Big Mike View Post
Can you create your own DataSeries instead of using the OHLC bars in ninja?

Mike

Could you be more specific?

Reply With Quote
  #30 (permalink)
 
sefstrat's Avatar
 sefstrat 
Austin, TX
 
Experience: Advanced
Platform: NT/Matlab
Broker: Interactive Brokers
Trading: FX majors
Posts: 285 since Jun 2009
Thanks Given: 20
Thanks Received: 768


I think he means store the values in dataseries rather than in Bars object temporarily. That won't work because dataseries has to get its values from somewhere.. Close[0], etc are all properties of the Bars object

BTW Roonius, Thanks for MedianRenko. I like it better than original Renko bars =)

Reply With Quote




Last Updated on May 29, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts