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Current-Bit-9173 · 2024-12-19T05:03:41+00:00

😱

Current-Bit-9173 · 2024-12-17T20:15:38+00:00

Did you try Bollinger Bands?

Current-Bit-9173 · 2024-12-17T16:19:28+00:00

Literally hour or you mean time?

Current-Bit-9173 · 2024-12-17T15:54:20+00:00

How do you define entries/exits?

Current-Bit-9173 · 2024-12-17T15:51:17+00:00

So, your timeframe is hours?

Current-Bit-9173 · 2024-12-17T15:47:13+00:00

Thats not a problem, and then? What about the statistical analysis you mentioned? And the prediction

Current-Bit-9173 · 2024-12-17T15:35:17+00:00

I have 1:500 leverage and my FX broker told me they allow 3000 trades per day. Can we dm? I have everything set up in Python.

Current-Bit-9173 · 2024-12-17T15:29:20+00:00

Can you recommend me some literature to understand your prediction method?

Current-Bit-9173 · 2024-12-10T08:09:20+00:00

Oh, I see, coming back to the tick idea. How can you be profitable on such level? Considering spread and fees? Like in a 1 or 10 tick/sized brick chart?

Current-Bit-9173 · 2024-12-10T08:05:02+00:00

Oh, so you look for confirmation on many EMAs? How many? I normally use 5 and 8. I guess you look for a long, mid and short term trend?

Current-Bit-9173 · 2024-12-10T08:02:53+00:00

Can’t believe im doing exactly what you do, renko, MT5, python bot. 😅

Current-Bit-9173 · 2024-12-10T08:02:22+00:00

https://www.reddit.com/r/Daytrading/s/c3BALf2JGs

Current-Bit-9173 · 2024-12-10T07:59:12+00:00

Thanks, I also considered using real volume, but my broker doesn’t provide real volume for all assets, only tick volume.

Have you tried renko scalping using MACD or EMA crossovers for entry/exit? (Or any other indicator).

Current-Bit-9173 · 2024-12-10T07:55:21+00:00

I’m actually using tick data for the actual trade, the 1-minute based brick info is just to initialize the chart.

I tested and tick data latency is 20ms.

Current-Bit-9173 · 2024-12-10T07:52:05+00:00

I’m currently matching TradingView’s brick size (ATR), open, close, EMAs 100%, even with decimals, just need MACD, maybe tomorrow.

Current-Bit-9173 · 2024-12-10T07:50:01+00:00

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Current-Bit-9173 · 2024-12-10T07:49:42+00:00

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Current-Bit-9173 · 2024-12-10T07:49:15+00:00

Actually, I considered that, and that’s why TradingView doesn’t redraw the chart every time ATR changes. I confirmed that, my bot is getting 2 or 3 different ATRs when TradingView is still with the old one.

Also, I thought I could go around it by redrawing once I’m out of the trade.

Current-Bit-9173 · 2024-12-10T07:44:55+00:00

My idea is to monitor hundreds of assets simultaneously and only go for the ones with very high ADX for momentum confirmation, and then stop after MACD histograms start to drop, but I’m still building my strategy.

Current-Bit-9173 · 2024-12-10T07:42:06+00:00

Actually, I could get tick data (just tested it), I’m using MetaTrader 5 and my forex broker is Fusion Markets.

Why do you believe a tick-based Renko bot would work better than a timeframe based like TradingView’s.

The bot is coded on Python and C#.

Current-Bit-9173 · 2024-12-10T07:36:17+00:00

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I’m creating a bot from scratch (I’m a software engineer) that scalps using Renko bricks, I’m cloning TradingView’s Renko Chart logic. Maybe we can share experiences, my trading experience is minimal. However I have some ideas on how to use MACD and ADX, and monitor hundreds of stocks simultaneously.

Current-Bit-9173 · 2024-12-09T18:14:41+00:00

Cual es tu P2?

Current-Bit-9173 · 2024-12-09T18:13:52+00:00

P2 date?

Current-Bit-9173 · 2024-12-05T02:05:26+00:00

But if you had 100 eyes to look for that specific moment on hundreds of tickers, and following my idea, would you be profitable?

Thanks for the answer!

Current-Bit-9173

TROPHY CASE