A Dual-Speed Renko Strategy with Direction Filters and Timed Exits

Summary

This demo strategy builds two classic Renko streams from bid ticks. A slower stream sets directional bias, while a faster stream triggers entries; trades are permitted only when both streams point the same way and the fast stream meets the entry-run condition. The example also limits exposure to one position per symbol and blocks entries when the spread is large relative to the fast brick.

Exits can occur at a price target, stop, opposite fast-stream reversal, or maximum holding time, followed by a Renko-based cooldown. The document reports one historical Strategy Tester run on gold, using real ticks, with positive net profit and a stated drawdown and win rate. Those figures describe a single configuration and period, not evidence of a durable edge. The author explicitly cautions that defaults were chosen for the demonstration and do not establish future profitability. Renko construction uses incoming ticks; the chart timeframe serves only as a host.

Key ideas

• The slow Renko stream defines direction, and the fast stream supplies entry timing.
• Entries require agreement between both streams and pass a spread filter.
• Exits use price targets, stops, reversal signals, or a maximum holding time, followed by a cooldown.
• The reported historical test is a single demonstration and does not establish persistent performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.