Category Trend  Published on 03/03/2020

MA Crossing Renko

Description

By ForexCove. Ride the trend at the earliest moment. Combine slow MA, with a tight 1 or 5 brick Renko brick for best results.

This robot is a free module from our upcoming advanced Renko trading algo, which is slated for release Q2 2020. We have found that combining a slow moving average, with small renko bricks, can generate very interesting results. As always, for any trend trading algo, go for currency pairs that historically have been most likely to trend.

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MA Crossing Renko Trading logic

When Renko brick closes above MA, open buy position

When Renko brick closes below MA, open sell position

When fixed TP is disabled, the bot will hold position until brick closes on opposite side of MA. This free module also allows for trailing SL.

Suggested settings

MA: 800 - 1200

Renko size: 1 or 5

Snapshots 01 EURUSD

 Snapshots 02 EURUSD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Be sure to visit ForexCove for free downloads and discounts on commercially available Forex Trading Algos.

 


using System;
using System.Linq;
using cAlgo.API;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
using cAlgo.Indicators;

namespace cAlgo.Robots
{
    [Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class MA_Crossing_cBot : Robot
    {

        [Parameter(DefaultValue = "MA_Crossing_Renko_cBot")]
        public string cBotLabel { get; set; }

        [Parameter("Currency pair", DefaultValue = "EURUSD")]
        public string TradeSymbol { get; set; }

        [Parameter("Lot Size", DefaultValue = 0.1, MinValue = 0.01, Step = 0.01)]
        public double LotSize { get; set; }

        [Parameter("MA Type", DefaultValue = MovingAverageType.Exponential)]
        public MovingAverageType MAType { get; set; }

        [Parameter("MA Period", DefaultValue = 14)]
        public int MAPeriod { get; set; }

        [Parameter("Signal candle,in bars", DefaultValue = 1, MinValue = 0)]
        public int SignalCandle { get; set; }

        [Parameter("Fixed TP", DefaultValue = false)]
        public bool UseTP { get; set; }

        [Parameter("TP Level", DefaultValue = 40.0)]
        public double TakeProfit { get; set; }

        [Parameter("TrailingStop", DefaultValue = false)]
        public bool UseTS { get; set; }

        [Parameter("Trailing Trigger", DefaultValue = 15.0)]
        public double TrailingTrigger { get; set; }

        [Parameter("Trailing Pips", DefaultValue = 4.0)]
        public double TrailingPips { get; set; }

        private MovingAverage MA;
        protected override void OnStart()
        {
            //check symbol
            Symbol CurrentSymbol = Symbols.GetSymbol(TradeSymbol);

            if (CurrentSymbol == null)
            {
                Print("Currency pair is not supported,please check!");
                OnStop();
            }

            MA = Indicators.MovingAverage(MarketSeries.Close, MAPeriod, MAType);
        }

        protected override void OnBar()
        {
            if (MA.Result.Last(SignalCandle) < MarketSeries.Close.Last(SignalCandle) && MA.Result.Last(SignalCandle) > MarketSeries.Low.Last(SignalCandle) && Positions.FindAll(cBotLabel, TradeSymbol, TradeType.Buy).Length == 0)
            {
                ClosePosition(TradeType.Sell);
                OpenMarketOrder(TradeType.Buy, TradeSymbol, LotSize);
            }
            else if (MA.Result.Last(SignalCandle) > MarketSeries.Close.Last(SignalCandle) && MA.Result.Last(SignalCandle) < MarketSeries.High.Last(SignalCandle) && Positions.FindAll(cBotLabel, TradeSymbol, TradeType.Sell).Length == 0)
            {
                ClosePosition(TradeType.Buy);
                OpenMarketOrder(TradeType.Sell, TradeSymbol, LotSize);
            }
        }

        protected override void OnTick()
        {
            if (UseTS == true && Positions.FindAll(cBotLabel, TradeSymbol).Length > 0)
                DoTrailingStop();
        }

        private void ClosePosition(TradeType tradeType)
        {
            foreach (var position in Positions.FindAll(cBotLabel, TradeSymbol, tradeType))
            {
                var result = ClosePosition(position);
                if (!result.IsSuccessful)
                {
                    Print("Closing market order error: {0}", result.Error);
                    OnStop();
                }
            }
        }

        private void OpenMarketOrder(TradeType tradeType, string strSymbol, double dLots)
        {
            var volumeInUnits = Symbol.QuantityToVolumeInUnits(dLots);
            volumeInUnits = Symbol.NormalizeVolumeInUnits(volumeInUnits, RoundingMode.Down);
            double TP_in_pips = 0.0;
            if (UseTP == true)
                TP_in_pips = TakeProfit;

            var result = ExecuteMarketOrder(tradeType, strSymbol, volumeInUnits, cBotLabel, 0, TP_in_pips);
            if (!result.IsSuccessful)
            {
                Print("Execute Market Order Error: {0}", result.Error.Value);
                OnStop();
            }
        }

        private void DoTrailingStop()
        {
            var cBotPositions = Positions.FindAll(cBotLabel, TradeSymbol);

            foreach (var position in cBotPositions)
            {
                if (position.TradeType == TradeType.Buy && position.Pips >= TrailingTrigger && position.HasTrailingStop == false)
                {
                    var NewSL = position.TradeType == TradeType.Buy ? (position.EntryPrice + (TrailingPips * Symbol.PipSize)) : (position.EntryPrice - (TrailingPips * Symbol.PipSize));
                    ModifyPosition(position, NewSL, position.TakeProfit, true);
                }
            }

        }

        protected override void OnStop()
        {

        }
    }
}


CT
ctid1731325

Joined on 10.01.2020 Blocked

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: MA_Crossing_Renko_cBot.algo
  • Rating: 5
  • Installs: 3434
  • Modified: 13/10/2021 09:54
Comments
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OM
Omega · 3 years ago

Hi,

Is there are limitation on the number trades taken by this cbot?

I tried a 24 hour test on this and it stopped after 10 losses in a row where it met the MA line in congestion!

Thanks

O

AF
afonsotrader14 · 4 years ago

Olá
Tenho testado o robô, mas as estradas são bastante atrasadas em relação a indicação da média, (uso Hull), e por não ter SL não há banca que aguente. Pode melhorar isso, por favor? Obrigado.

AF
afonsotrader14 · 4 years ago

Hello
I have tested the robot, but the roads are quite delayed in relation to the average indication, (I use Hull), and because there is no SL there is no bank that can handle it. Can you improve this, please? Thank you.

juanbertrading's avatar
juanbertrading · 4 years ago

hello! currently i operate with a renko candles strategy that i have developed myself over the last year, but i would like to try to implement it in a robot but i don't know how to program it well. Write to me if you are interested and I will email you the strategy. 

JU
JuicyJ · 4 years ago

I like this robot. Please also add a standard SL function

FE
felixkeunecke · 4 years ago

I am backtesting it. Looks nice. tks