Strategy problem with renko bars

[Harry]

Hello !

I find an issue for the long and the short but not In the same strategy .


With this :


if( (twap.TWAPSeriesBullish[0] == true && twap.TWAPSeriesBullish[1] == false) )
// || (twap.TWAPSeriesBearish[0] == true && twap.TWAPSeriesBearish[1] == false)



I have not managed to do so yet, but I have not given up hope !

Stef

Not clear what you are looking for..... do you have any question?

[ghost121]

Yes , I try to make only one strategy with tis indicator (Vwap) , but I cannot find a solution.


I need only one trade where the color changes.
There must be 1 trade only by color change.


Stef

[Harry]

Yes , I try to make only one strategy with tis indicator (Vwap) , but I cannot find a solution.


I need only one trade where the color changes.
There must be 1 trade only by color change.


Stef

Without further information I cannot help you.

[ghost121]

This vwap strategy works very well in ut minute, hours or volume...

But the vwap strategy doesn't work very well with renko bars,

- with renko, this Is a never ending strategy... It is still running after targets without new trade's signal.
- the strategy takes more entry than i program...

It will be great if the strategy :

- could take profit or take loss. With no more entry than i expect.
- then stop until new trade's signal


I think the problem is here :

if( (vwap.vwapSeriesBullish[0] == true && vwap.vwapSeriesBullish[1] == false) || (vwap.vwapSeriesBearish[0] == true && vwap.vwapSeriesBearish[1] == false) )
{
    bSuspendTrading = false;
}

When I deleted this one : (vwap.vwapSeriesBearish[0] == true && vwap.vwapSeriesBearish[1] == false)

I can take a long trade without problem.


Thank for your help !

[Harry]

I have already explained that strategies usually do not work with Renko bars.

Especially, you should never perform backtests with the strategy analyzer on Renko bars.

Besides the code snippet shown below is not sufficient to analyze your problem.

[ghost121]

I use this strategy (vwap)

and this indicator .

I know the issue with renko bars, its not a problem with my strategy, because I use another indicator and time filter to take the trade.

[Harry]

I use this strategy (vwap)

and this indicator .

I know the issue with renko bars, its not a problem with my strategy, because I use another indicator and time filter to take the trade.

I do not understand what bSuspendTrading is doing. When the session starts, it is set to false. With the first trend change of the VWAP filter it also set to false. Then it remains false forever. So it is not needed? You would get quite a few long and short entries.

However, your main problem is related to the use of Renko bars, because you are trying to do what cannot be done. The open price of a Renko candle, which is used in backtest has nothing to do with the real market price when a Renko bar is plotted. Therefore mechanically you will get false results when running a backtest.

You try to do something that cannot be done. There are numerous threads explaining why you CANNOT BACKTEST RENKO BARS. Simply read them. I am not going to explain it again.