Renko Trading Strategy Help Guide

[EminiMES]

In the Renko Strategy script it refers to a help guide for additional information. Where can I view the help guide?

[NinjaTrader_Jim]

Hello EminiMES,

Welcome to the forums!

Are you referring to the script below?

https://ninjatraderecosystem.com/user-app-share-download/renko-trading-strategy-nt8/

The NinjaTrader Ecosystem website is for educational and informational purposes only and should not be considered a solicitation to buy or sell a futures contract or make any other type of investment decision. The add-ons listed on this website are not to be considered a recommendation and it is the reader's responsibility to evaluate any product, service, or company. NinjaTrader Ecosystem LLC is not responsible for the accuracy or content of any product, service or company linked to on this website.

This script is based on the magazine article found here: http://technical.traders.com/content...?mo=12&yr=2019

If you are referring to the NinjaTrader 8 Help Guide, it may be found here - https://ninjatrader.com/support/help...injascript.htm

Running NinjaScript strategies - https://ninjatrader.com/support/help...strategies.htm

If this does not resolve your inquiry, could you attach a screenshot where "Help Guide" is mentioned so we may get additional context?

This links included in this post are publicly available.

[EminiMES]

I guess it is referring to the strategy optimization settings. I was hoping there was a user guide for the strategy.

[NinjaTrader_Jim]

Hello EminiMES,

This strategy was based on a magazine article. I would recommend reviewing the December 2019 Stocks and Commodities Magazine article to learn more about the strategy logic. This would have the most in depth and accurate information on what each property does.

For general information on running NinjaScript strategies, please the Running NinjaScript strategies detail from my last message. In case you are new to using NinjaScript strategies , the information below can help explain how they work and how they are created.

NinjaScript Strategy New Developer Information

Simple NinjaScript strategies can be built using the Strategy Builder and more complex and robust strategies can be written by hand.

Please see the Strategy Builder 301 and NinjaScript Editor 401 courses to get acquainted with NinjaScript strategies. These videos are publicly available.

Strategy Builder 301 — https://www.youtube.com/watch?v=HCyt90GAs9k

NinjaScript Editor 401 — https://www.youtube.com/watch?v=BA0W4ECyVdc

The Managed Approach documentation explains how Strategy Builder and Managed NinjaScript strategies can be written.

Managed Approach — https://ninjatrader.com/support/help...d_approach.htm

NinjaScript strategy tutorials — https://ninjatrader.com/support/help...strategies.htm

NinjaScript strategies are then deployed against one account. The strategy processes historical data to identify past trade signals and to develop the strategy position. This is separate from the Account's Position. The calculated orders from historical data and the strategy position are then used by the Start Behavior to configure how the strategy should handle this position when the strategy is first enabled.

WaitUntilFlat waits until the calculated position is closed so the strategy only starts trading when it sees itself in a flat position.

ImmediatelySubmit will allow the strategy to submit historically calculated orders immediately when the strategy is enabled. This would be used when we know where the strategy position is when we enable the strategy, and is used particularly for re-enabling strategies so they can resume positions and orders.

Sync Account is additional option that has the strategy submit an additional order to sync the strategy position to the account position. This should not be confused with syncing the strategy position to the account position.

It is important to understand the Start Behaviors and their relation to the Strategy and Account Position. Please see below for more details.

Strategy vs. Account Position — https://ninjatrader.com/support/help..._account_p.htm

Start Behaviors — https://ninjatrader.com/support/help..._positions.htm

When writing more robust strategies in the NinjaScript Editor, please refer to our Educational materials and Reference Samples.

Educational Materials — https://ninjatrader.com/support/help..._resources.htm

Reference Samples — https://ninjatrader.com/support/help...ce_samples.htm

Please let us know if you have any additional questions.

[EminiMES]

Thanks Jim.....

I understand how the strategy works. My question in particular that I was looking for more information about was how the variable UseExitStrength worked. If you could explain that, I think I can figure out the rest. I assume that if the position is long and then exits at X number of bars based on the ExitStrength setting that the strategy would then enter a short position on the next bar. Let me know if that is correct.

[mazpat_3]

Thanks Jim.....

I understand how the strategy works. My question in particular that I was looking for more information about was how the variable UseExitStrength worked. If you could explain that, I think I can figure out the rest. I assume that if the position is long and then exits at X number of bars based on the ExitStrength setting that the strategy would then enter a short position on the next bar. Let me know if that is correct.

Any pointers? thanks

[NinjaTrader_ChelseaB]

Hello,

The description on the public input on line 215 is:
"The number of subseaquent up or down bars needed for an exit"

In the code, we can see on lines 178 to 184 the variable is used to loop over the last few bars and compare the close to the open.

[mazpat_3]

Hello,

The description on the public input on line 215 is:
"The number of subseaquent up or down bars needed for an exit"

In the code, we can see on lines 178 to 184 the variable is used to loop over the last few bars and compare the close to the open.

Thank you Chelsea