Renko Manual Back Test with BHP

Feb 6, 2018

Testing basic Renko system.

Enter Long when:
- 2 green bricks (top of 2nd brick + 5% brick size)
- Top of 2nd brick is above 10EMA

Stop:
- bottom of 1st full brick under 10EMA -5% brick size

Exit:
- 2 red bricks (bottom of 2nd brick - 5% brick size)
- close under 10EMA

Enter Stop Exit R Profit R Mulitple
19.05 15.95 28.95 3.1 9.9 3.1935483871
27.05 24.95 35.95 2.1 8.9 4.2380952381
36.05 33.95 43.95 2.1 7.9 3.7619047619
37.05 33.95 45.95 3.1 8.9 2.8709677419
39.05 36.95 37.95 2.1 -1.1 -0.5238095238
38.05 35.95 35.95 2.1 -2.1 -1
28.05 25.95 25.95 2.1 -2.1 -1
28.05 25.95 27.95 2.1 -0.1 -0.0476190476

So far so good.

Feb 7, 2018

Note

finished the test:

Enter Stop Exit R Profit R Mulitple
19.05 15.95 28.95 3.1 9.9 3.1935483871
27.05 24.95 35.95 2.1 8.9 4.2380952381
36.05 33.95 43.95 2.1 7.9 3.7619047619
37.05 33.95 45.95 3.1 8.9 2.8709677419
39.05 36.95 37.95 2.1 -1.1 -0.5238095238
38.05 35.95 35.95 2.1 -2.1 -1
28.05 25.95 25.95 2.1 -2.1 -1
28.05 25.95 27.95 2.1 -0.1 -0.0476190476
30.05 26.95 28.95 3.1 -1.1 -0.3548387097
31.05 27.95 29.95 3.1 -1.1 -0.3548387097
31.05 28.95 34.95 2.1 3.9 1.8571428571
36.05 33.95 40.95 2.1 4.9 2.3333333333
43.05 39.95 40.95 3.1 -2.1 -0.6774193548
40.05 37.95 43.95 2.1 3.9 1.8571428571
46.05 42.95 45.95 3.1 -0.1 -0.0322580645
37.05 35.95 35.95 1.1 -1.1 -1
34.05 32.95 35.95 1.1 1.9 1.7272727273
34.05 32.95 31.95 1.1 -2.1 -1.9090909091
34.05 31.95 35.95 2.1 1.9 0.9047619048
19.05 16.95 23.95 2.1 4.9 2.3333333333
Average: 2.25 2.2 0.90888144

20 trades so probably not enough to be statistically significant. The Avg R multiple falling below 1 is not a good sign. Only hit a stop once, so possibly it could be tightened.