Renko Trading Strategy with Python: Your Secret Weapon 🔫

[@anilmm2005]

Interesting topic. Would be interested in follow up topics using parameter optimisation

[@Algovibes]

Thx for your feedback!

[@prashantdani8527]

Yes interesting. Pl do video on realistic brick sizing etc.

[@Algovibes]

sure thing! Thx for watching :-)

[@a_traveller7]

Can you make a strategy implementation video in live plots.

[@Algovibes]

@@a_traveller7 sure!

[@jean-francoislebroch9171]

Dude, make a trend following bot, on oanda, for all assets, with backtest. No multi part. Just show result. Give a bone, people will come

[@jean-francoislebroch9171]

Make it simple, with stop loss integrated adjustable

[@Algovibes]

Appreciate the suggestion! Thx mate

[@meekmtck5917]

So.... with renko bricks, if you have a brick size of 10, and have just printed a green(Up) brick, in order to get a red(Down) brick, the brick needs to be brick_size*2 or 20.

[@deekshitpatel4647]

Can you make videos on these topics for renko 1.) How to set standard brick size means for all stocks and if it is 1% traditional then how to backtest old databased on that 2.) suppose our data is 10 years old and in trading view or any charting platforms the data must be way more old then how to match the renko bricks as per fixed brick size 3.) How to make a trading bot or strategy when renko brick has formed then buy at next day open as we have to wait for renko brick to form completely . There are many topics in renko uncovered and if it works in python that it would be greatly profitable

[@Algovibes]

WIll see what I can do! Thx for watching mate :-)

[@elu1]

Can the brick size be determined adjacent trading data? I know you have mentioned volatility. Appreciate your trading and coding skills!

[@Algovibes]

@@elu1 thank you mate! Sure that’s possible

[@hardikpatel5916]

Very nice video Please make more videos on renko like btiks size in % team...

[@Algovibes]

thanks mate, will see what I can do :-)

[@Algotrader04]

Hello, I have a question. Do you teach how to create an algorithmic trading bot in your course? And if I take your course, can I get help from you if I encounter any errors or issues with the code? thanks

[@Algovibes]

Hi mate, in the course you will learn all fundamentals you need yet I don't teach algorithmic trading. Anyhow you get the whole toolset of what you need to make informed decisions and be able to backtest trading strategies. Sure, you can contact me anytime!

[@eitan71]

great video. i have 3 question : 1. what is this Adjusted Close please? 2. is the create_renko to create a Renko Chart (not graphically)? or is it just to have a list of Ups and Downs of prices (or closes)? 3. if the create_renko is to create a Renko Chart, then in the create_renko, are you sure that the While is correct? i mean, abs(price - Previous_price) doesn't necessarily it would create a Down bar\brick, right? so if for example, brick_size is 10, and abs(price - Previous_price) == 5, then it shouldn't "draw" a Red bar\brick yet. i'm a crypto algo developer, but i don't code in Python, so maybe i missed something. (sorry for my broken english...)

[@Algovibes]

thx mate! 1. Close price adjusted for dividends/stock splits 2. the second 3. I am :-)

[@a_traveller7]

For me I got everything as it is , but Final balance is showing = 0. Help.

[@Algovibes]

hmmm... but did you have any upcoming trades?

[@a_traveller7]

@@Algovibes there was a typo, its working now. Thanks.