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Renko BrickAge BO for MC

Package:  Progster's Renko BrickAge Breakout Strategy A for MultiCharts

There are multiple ways to trade a market after performing a Renko analysis of it's price action.  This add-on to Swisstrader's Renko Bricks Indicator Package implements a consolidation breakout style of Renko trading.

What It Is

A single strategy which waits for Renko bricks of a specified age to form (establishing the "consolidation"), then trades a breakout of the brick, going long, short, or both.  Profit target and stop loss are expressed in #'s of Renko bricks (fractions allowed), and the brick size itself is settable/optimizable.

Many test results from this strategy have been presented in the Renko BrickAge Breakout Strategy Research topic of the CFT Forum.

What It Looks Like

Here is a picture of the Renko BrickAge Breakout Strategy A applied to a 5m chart of the SP400 Mid-Cap futures:

Note how the breakout trade is not taken until the brick has "aged to readiness" .  The required age is one of several subtle entry variations to be selected and/or optimized over.

And here is a picture of just the strategy trading a 55t chart of the Russell 2000 futures:

The strategy optimizes easily and quickly on any symbol or timeframe (time-based bar type).

You set the scale of interest with your definition of brick size (or let the optimizer vary it), then run the strategy to find out how how long of a consolidation was predictive of a subsequent successful breakout for the historical data under test.

How It Works

This strategy uses SwissTrader's Renko function to calculate all Renko information.

The function call makes available to the strategy:

bullet a flag to indicate when a new brick is formed (and in which direction)
bullet the high, middle, and low value of the newly formed brick
bullet the age of the current brick
bullet the number of bricks in the current "brick trend"

and the strategy acts on this information to enter breakout trades after bricks of specified age form.

Special Features

Brick height (price range) may be specified in ticks, or in percent (of price). 

Using a brick height in ticks is ideal when daytrading on a low timeframe chart, taking advantage of the strategy's ability to "reset" the Renko calculation at the start of each new session.

Using a brick height in percent provides an "apples-to-apples" comparison of how different symbols trade using this Renko trending technique on high timeframes (i.e. swing trading).

The strategy will form bricks using a "since forever" Renko, or it will reset with each session to any of 3 different reset levels.

Optimization in MultiCharts is exceptionally fast when using a multi-core machine, as all the available cores will go to work crunching optimization iterations.

If you purchase the source-code option (only $125 additional), you  will be able to alter the strategy or create your own custom variations of it as desired.

What You Get

A protected .SEF file (non-disclosed source code, keyed to your CustomerID) containing the underlying functions, a  closed-code version of 'Renko BrickAge Breakout Strategy A', and Customer Support as needed to get it all running. 

The source-code option, if purchased, provides a .pla file with fully disclosed code for 'Renko BrickAge Breakout Strategy A'.

Compatibility

The non-source version of this package is compatible ONLY with versions of MultiCharts distributed via direct download from the TSSupport web site.  Unfortunately, for technical reasons, this package IS NOT COMPATIBLE with separate versions of MultiCharts distributed by other means (e.g. other national or regional resellers, etc.).

What It Costs

The price of the closed-code base package is $200.     The source-code is available for $125 extra.

(Note: The pre-requisite Swisstrader's Renko Bricks Indicator Package is $300, so that's a total of $500 to be up-and-running with this strategy code already written for you, or $625 with strategy source-code included.)

Renko BrickAge BO Strategy A for MultiCharts -  $200 

How You Get It

This package must be purchased at the same time as, or anytime after, purchasing Swisstrader's Renko Indicator Package.  Please purchase the base package with the 'Add to Cart' button near the top left of this page.

After receiving and installing the base package, contact CFT for additional instructions if you wish to purchase the source-code option.

The package will be emailed to you after your PayPal payment is processed.

Please be aware of the caveats before you order.