Rendo BrickBox

for MC

Package: Progster's Renko BrickBox 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 range-based, trade-the-box style of Renko trading.

What It Is

A single strategy which treats Renko bricks as tradable "boxes", going long on closes "near" the brick bottom, or short on closes "near" the brick top. Profit target and stop loss are expressed in #'s of Renko bricks (fractions allowed), and the brick size itself is settable/optimizable.

The notion of "near" is variable (and optimizable) so that the strategy can trade either at, "just inside" or "just outside" of the current brick boundary.

Example test results from this strategy have been presented in the Renko BrickBox Strategy Research topic in the CFT Forum.

What It Looks Like

Here is a picture of the Renko BrickBox Strategy A applied to a 5m chart of CSCO:

Note how long entries are taking place at the bottom of down bricks and short entries are taking place at the top of up bricks. A short minimum brick age is also a requirement in the case shown. The strategy itself is open code, so you may easily add your own subtle variations to those which are already supplied.

And here is a picture of the strategy trading a 210t chart of the ES:

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 much motion was predictive of a subsequent tradable retracement 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:

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

and the strategy acts to enter either "inside" or "outside" after bricks of the specified size 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 "bet on retracement" 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.

You will be able to perform the same tests (and more!) as shown in the public Renko BrickBox Strategy Research of the CFT Forum, on whatever symbols and timeframes you are interested in.

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 verson of 'Renko BrickBox 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 BrickBox 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.)

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.