BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
WHAT: A $$$$ ridiculously good $$$$ strategy based on my previously published ''Renko Magic''alerts

HOW WORKS:
- ENTER a trade JUST AFTER 1 renko brick is printed.
- EXIT that trade, and open a new reverse position, just after 1 renko brick is printed in the opposite direction.
Simple!

HOW TO USE:
- Add script in favorites using the button on this page
- Click on the top the button 'Índicators'' & go to favorites folder and add in graph.
- Now you can see the buy/sell arrows in the graph.
- In the ''strategy tester'' window on the bottom, click on the cog(Settings icon) on the bottom left. There see the tabs:
- ''Inputs'' Default date set from 19 March 2018 - 19 June 2018. Change it to whatever you want
- ''Properties'' 100% of equity. Commission=0.075% (bitmex)

RESULTS: Ridiculous! With timeframe = 1minute & Renko brick = $12, in 3 months it gives 5486% ?!?!

PLAY AROUND with:
- Renko brick size: using the traditional method and see what gives better % for your date range.
- Timeframe: I always use 1minute as the way TradingView Renko works it will 1minute before printing the brick. Any time bigger than this could result in a delayed printing of the brick and delayed entry. What are your thoughts on this?
- You can use https://autoview.with.pink/ to create a bot using this strategy :) $$$ while snoring!

SHARE YOUR THOUGHTS:
- on this strategy
- on the impact (good/bad) to the % gain that the different TimeFrames (5minute, 1 hour, etc) can have.
- automation using https://autoview.with.pink. Its a good solution but bitmex gives a few ''System failures'' via the API due to overload. Any ideas how to overcome this? or any platform that also has shorts&longs and leverage, and decent fees like bitmex?
- how reduce number of trades opened/closed? For example combine with other indicators like Stoch RSI , RSI , etc.

And i have made two alerts in TV

NEW Live Short EMA XBTUSD, 1, Renko Less Than 0.9 e=bitmex b=short q=200 s=XBTUSD t=market

NEW Live LONG EMA XBTUSD, 1, Renko Greater Than 0.9 b=long e=bitmex q=200 s=XBTUSD t=market

And everytime its triggered its buy and sell in the same time

Can you give me a tips what iam doing wrong
Reply
Hey, I dont see the add to favorites button anymore.
Reply
Sorry, to be more clear: Once long, ignoring 1 change in color.
Reply
Hi Vacalo69, I found your Renko script, thank you for that.

Would it be possible to ignore 1 change in color, so always buy/sell on the opening of the second block of the same color?

With BTC-USDT block size 33 this gives better results.

Thank you very much.

Paul
+1 Reply
vacalo69 iqcreativegdwqyudgwqyudguywq
@iqcreative, Hi Paul so you mean enter at the 2nd brick after it changes direction? ''This gives better results'' means which? Thanks
Reply
have you tried this on Forex? what chart do you find is the most profitable for you?
Reply
@vacalo69 Which one should I use for this strategy ? Atr 12 or Traditional 12 box size ?
+3 Reply
vacalo69 theonlyevo
@theonlyevo, traditional big size box - see below
+5 Reply
theonlyevo vacalo69
@vacalo69, traditional 12 , 1 minute is ok ?? Please help me :) I am rookie :)
Reply
theonlyevo vacalo69
@vacalo69, Which time is the best for you on traditional 12 ? I an undecided about time :(
Reply
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