Renko Strategy

[dk]

Hi There,

Is there a current working code strategy available that trades Renko bars?

I want it to buy on new green bar close, and sell/reverse on new red bar close.

Please let me know if this already exists.

Best Regards

D

[NinjaTrader_ChelseaB]

Hello D,

For the most part, any strategy will work on any bar type.

However a strategy that places a buy order when a bar closes with the close price greater than the open price, and places a sell order when a bar closes with the close price less than the open price, while a very simple strategy, I'm not aware of someone having made this and posted this to the forums.

I would recommend that you use the Strategy Wizard to create this strategy.

Your script will need two condition sets.

In condition 1, select the close price on the left, select greater than as the operator in the center, and select open on the right.
In the action, place a enter long order.
In condition 2, select the close price on the left, select less than as the operator in the center and select open on the right.
In the action, please a enter sell order.

You can also contact one of our professional NinjaScript Consultants who would be eager to create or modify this script at your request or assist you with your script. Please let me know if you would like our business development follow up with you with a list of professional NinjaScript Consultants who would be happy to create this script or any others at your request.

[linzjonz]

Was this implemented ? results ?
Seems simple enough.