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Non-gap Renko Chart Creator EA

  • #521
  • Oct 21, 2019 12:33pm Oct 21, 2019 12:33pm
Hi Matt,

Attached for your convenience please find:

1. HalfTrend-1.02_US30.mq4

2. RSI_TripleHull_COL.mq4

3. Template

4. A numbered screenshot of the M7 template.

Requested EA to:

(i). open a trade on the SIGNALS of the HalfTrend providing that the RSI_TripleHul_COL (RTH) is in agreement.
(ii). exit the trade on the reverse signal when a new trade is open.

Discussion regarding the RTH according to the annotated Screenshot:

a. RTH setting @ 5.

b. "Arrow A." (16h36) - no trade, because the RTH is @ 90 and above (and 10 for short and below).

c. "Arrow B" (16h47) - correct for entry

d. "Arrow C" (17h07) - no trade for the same reason as in "(b)" above.

e. "Arrow D" (17h36) - no trade - RTH is should be <18.00 level (and > 68.00 level for long)

f. "Arrow E" (17h56) - no trade for the same reason as "A & C" (RTH >90)

g. "Arrow F" (17h59) - correct entry because the RTH dipped back <60-level first and then shot up - that should trigger the EA.
for a short, the RTH should dip back up > 40-level (and could even cross the 50-level for a rejection, before dropping down again for a short entry.

Template attached for your convenience. I did not load your EA creator, as I use your latest anyway.

Trusting that this meets with your approval, I thank you again for your kindness accorded me.

Please shout if there is anything else that you might be unsure of and need clarification for.

Continued success to you.

Hercs.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 78 KB
Attached File(s)
File Type: mq4 HalfTrend-1.02_US30.mq4   6 KB | 584 downloads
File Type: mq4 RSI_TripleHull_COL.mq4   8 KB | 671 downloads
File Type: tpl Renko-M7 @ 7 pips boxes.tpl   6 KB | 490 downloads
Hercs
  • #522
  • Oct 21, 2019 4:19pm Oct 21, 2019 4:19pm
Quoting Hercs
Hi Matt, Attached for your convenience please find: 1. HalfTrend-1.02_US30.mq4 2. RSI_TripleHull_COL.mq4 3. Template 4. A numbered screenshot of the M7 template. Requested EA to: (i). open a trade on the SIGNALS of the HalfTrend providing that the RSI_TripleHul_COL (RTH) is in agreement. (ii). exit the trade on the reverse signal when a new trade is open. Discussion regarding the RTH according to the annotated Screenshot: a. RTH setting @ 5. b. "Arrow A." (16h36) - no trade, because the RTH is @ 90 and above (and 10 for short and below). c. "Arrow...
Sorry Hercs for meddling but I couldn't help putting a glance at your post. It is very interesting. In your personal EA, you will need to create anyway some external input variables which you can use to adjust settings instead of recreating everytime.

You want to enter the position at the very moment the new candle appears at any time in which the conditions you mentioned before are met (it makes difference in the code)?

Well, then you have to translate your requirements in mathematical terms. For the use of a custom indicator, it is important to know your input parameters.

For the RSI Triple Hull indicator, you will have to use something like that (pay specific attention to write the name of the indicator with no mistake include the subfolder eventually, and the input parameters in the right order) :
- iCustom(NULL,0,"RSI_TripleHull_COL",5,false,0,0,2,0,2,1,600,2,0) if you test the green trace (buffer 2) or
- iCustom(NULL,0,"RSI_TripleHull_COL",5,false,0,0,2,0,2,1,600,3,0) if you test the red trace (buffer 3).

For the HalfTrend indicator, you will write something like that :
- iCustom(NULL,0,"HalfTrend-1.02_US30",3,false,true,false,false,false,false,false,0,0) if you test the cyan trace (buffer 0)
- iCustom(NULL,0,"HalfTrend-1.02_US30",3,false,true,false,false,false,false,false,1,0) if you test the yellow trace (buffer 1)
- iCustom(NULL,0,"HalfTrend-1.02_US30",3,false,true,false,false,false,false,false,4,0) if you test the cyan arrow (buffer 4)
- iCustom(NULL,0,"HalfTrend-1.02_US30",3,false,true,false,false,false,false,false,5,0) if you test the yellow arrow (buffer 5).

For the arrows, you will have a strange value when there are none and a price like value when one of them appears.
So, the digit before the last one is the number of the buffer and the last number is the renko bar on which you want to have a sample of your indicator.

It will probably be boring or unlikely to be right the very first time so if you want to check that you are working with a consistent value of your indicator, do not hesitate to use comments in your EA. For example,
Comment(DoubleToStr(iCustom(NULL,0,"HalfTrend-1.02_US30",3,false,true,false,false,false,false,false,0,0),5),"\n",
DoubleToStr(iCustom(NULL,0,"HalfTrend-1.02_US30",3,false,true,false,false,false,false,false,1,0),5),"\n",
DoubleToStr(iCustom(NULL,0,"HalfTrend-1.02_US30",3,false,true,false,false,false,false,false,4,0),5),"\n",
DoubleToStr(iCustom(NULL,0,"HalfTrend-1.02_US30",3,false,true,false,false,false,false,false,5,0),5));

So these are only indications. Make a few trials to see if you are ok. That is all I have for the moment.
Just a curiosity, where did you pick this strategy?
  • #523
  • Oct 22, 2019 12:32am Oct 22, 2019 12:32am
Quoting FXgenial
{quote} Sorry Hercs for meddling but I couldn't help putting a glance at your post. It is very interesting. In your personal EA, you will need to create anyway some external input variables which you can use to adjust settings instead of recreating everytime. You want to enter the position at the very moment the new candle appears at any time in which the conditions you mentioned before are met (it makes difference in the code)? Well, then you have to translate your requirements in mathematical terms. For the use of a custom indicator, it is important...
===========
Good morning FxG,
BRILLIANT, BRILLIANT, BRILLIANT!
I cannot thank you enough and I am sure Matt will take care of this.
It is my own "home-brewed" strategy and it is magic, providing you sit with it. I miss entries because of the odd distraction and hence my request for an automated version.
My settings are through research and loads of research over many months and years looking for something better. (Spent an entire year on different settings with RSi and CCi, but that I will let you have in a PM.)

Keep up the good work and please keep on meddling.

Continued success to you, FxG.

Blessings,

Hercs.
Hercs
  • #524
  • Oct 22, 2019 5:48am Oct 22, 2019 5:48am
Quoting Hercs
{quote} =========== Good morning FxG, BRILLIANT, BRILLIANT, BRILLIANT! I cannot thank you enough and I am sure Matt will take care of this.
Don't thank me. Actually it is almost pointless given that all I wrote will be less than useless to you. I thought you were needing some help to write it, not you wanted someone else to do the whole work. My mistake.

Quoting Hercs
{quote} It is my own "home-brewed" strategy and it is magic, providing you sit with it. My settings are through research and loads of research over many months and years looking for something better. (Spent an entire year on different settings with RSi and CCi, but that I will let you have in a PM.) Keep up the good work and please keep on meddling. Continued success to you, FxG. Blessings, Hercs.
If this strategy works the bit you want, let me say it is just brilliant. I only had a sight on it yesterday evening (a little late) without further time for a deeper analysis, so I have no idea whether it works or not. I am not sure the RSI_TripleHull_COL indicator can lead you somewhere but you will obviously have read days and days of charts of different assets (forex pairs, stocks, crypto, metals...) to confirm or invalidate the theory. The bit I have seen so far is that maybe you can use the HalfTrend indicator and apply Dow's theory with higher highs/higher lows or lower highs/lower lows thing (Low would be yellow to cyan and High, cyan to yellow).
Have you applied your strategy in real time conditions (real or even demo account)?

Quoting Hercs
{quote} I miss entries because of the odd distraction and hence my request for an automated version.
Actually, the huge strength of Renko stands in that it does not considerate time but price. So you can have the same brick configuration, for example 10 uptrend bricks in a row but it can be in 1 hour or even in less than a minute. So the EA solution can see everything in a Renko chart. For instance, the glitch I have seen on the 12 of september 13:40 (or something like that) for the EURUSD pair was a huge illustration of the potential of Renko... A strong and short uptrend followed by a strong and short downtrend, both in less than a minute.

Quoting Hercs
{quote} Keep up the good work and please keep on meddling. Continued success to you, FxG. Blessings, Hercs.
By the way, have a try on coding your strategy by your own, just for the fun and curiosity of it. The best for you as well. William
  • #525
  • Edited Oct 23, 2019 7:10am Oct 22, 2019 12:13pm | Edited Oct 23, 2019 7:10am
Quoting FXgenial
{quote} Don't thank me. Actually it is almost pointless given that all I wrote will be less than useless to you. I thought you were needing some help to write it, not you wanted someone else to do the whole work. My mistake. {quote} If this strategy works the bit you want, let me say it is just brilliant. I only had a sight on it yesterday evening (a little late) without further time for a deeper analysis, so I have no idea whether it works or not. I am not sure the RSI_TripleHull_COL indicator can lead you somewhere but you will obviously have...
===
Hello William,

Thank you for an in-depth reply to my previous post. It is highly appreciated.
First and foremost, I have tried my hand at coding but came to the conclusion that I will have to "go to school" first to be able to do that and I don't have the time for that as I will never reach the level of competency required for what we're doing. I sense that you are also a perfectionist or at least striving to be one and that is my downfall too, hence leaving the coding to brilliant people like Matt, Steve C., Mladen, MrTools, CJA from NZ, Yannis from Athens and Eli from Israel who helped me a lot during my quest to get behind the CCi, to name but a few).

I have been trading this on a live account for as long as the HalfTrend exists. When it first appeared, I added it to my already successful template so that I could watch the performance in real-time. (That is what I did with both RSi & CCi too as mentioned earlier. The beauty being that they do not repaint and could safely be taken at face value when backtesting them).

Yes, I am aware of the potential of the Renko charts, hence my switching to them a couple of years ago. The concept of "not being time-related" caught my eye first and helped to push me through any resistance I had at the time to "sitting out a trade". The trader that inspired me the most and convinced me to test and finally trade Renko, is a guy by the handle "dee50" - brilliant trader.

Great to have met you and again my deepest thanks for having you share your knowledge with me in particular, but I am sure there are many more that can benefit from you.

Best wishes.
Hercs.
Hercs
  • #526
  • Oct 23, 2019 3:11am Oct 23, 2019 3:11am
Hercs,

I was wondering if we can switch to another topic for this matter or keep it as it is now?

Moreover, is there a section PM on Forex factory?

Cheers.

William
  • #527
  • Oct 23, 2019 5:16am Oct 23, 2019 5:16am
Quoting FXgenial
Hercs, I was wondering if we can switch to another topic for this matter or keep it as it is now? Moreover, is there a section PM on Forex factory? Cheers. William
Hi William,
Yes, I agree.
See attached screenshot of where to find the Messages/PM facility.

Best wishes,
Hercs.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
Hercs
  • #528
  • Oct 28, 2019 2:58am Oct 28, 2019 2:58am
Quoting MathTrader7
{quote} Hi Hercs! Send me your Renko trading strategy. I will try to program it when I have some free time to explore new ideas... Best, Matt
Good morning Matt,

I trust this finds you well. Have you perhaps had some time to look at my request for an EA using HalfTrend?
Looking forward to hearing from you.
Best wishes and continued success.

Hercs.
Hercs
  • #529
  • Edited 7:49am Oct 28, 2019 4:54am | Edited 7:49am
Quoting Hercs
{quote} Good morning Matt, I trust this finds you well. Have you perhaps had some time to look at my request for an EA using HalfTrend? Looking forward to hearing from you. Best wishes and continued success. Hercs.
Hi Hercs!

I just started programming the EA based on your strategy during the weekend. It is still ongoing work. I think I can finish the EA by the end of this week.

Best,
Matt
Trading is the hardest way to make easy money...
  • #530
  • Oct 28, 2019 5:50am Oct 28, 2019 5:50am
Quoting MathTrader7
{quote} Hi Hercs! I just started programming of the EA based on your strategy during the weekend. It is still ongoing work. I think I can finish the EA by the end of this week. Best, Matt
Thank you, Matt, for being such an incredible person.
Blessings and continued success to you.

Hercs.
Hercs
  • #531
  • Oct 28, 2019 6:03am Oct 28, 2019 6:03am
@MathTrader7 Are you planning to adapt your work to MT5 one day in the future ?
  • #532
  • Edited 7:51am Oct 28, 2019 7:17am | Edited 7:51am
Quoting Agima
@MathTrader7 Are you planning to adapt your work to MT5 one day in the future ?
Yes, there are some features that traders can take advantage of in MT5 platform and MQL5 language. I will gradually switch to MT5 platform as there will be no upgrades to the old man MT4 by MetaQuotes Software Company...
Trading is the hardest way to make easy money...
  • #533
  • Oct 28, 2019 8:32am Oct 28, 2019 8:32am
Im use you renko indicator, my expert dont work .
Not can use block "this bar" and "new bar"
5 digit
  • #534
  • Oct 28, 2019 10:05am Oct 28, 2019 10:05am
Quoting 1es1ergreen
Im use you renko indicator, my expert dont work . Not can use block "this bar" and "new bar" 5 digit
Without looking at the source code of your EA, I cannot figure out why your expert doesn't work on the Renko chart...
Trading is the hardest way to make easy money...
  • #535
  • Oct 28, 2019 10:49am Oct 28, 2019 10:49am
Quoting MathTrader7
{quote} Without looking at the source code of your EA, I cannot figure out why your expert doesn't work on the Renko chart...
in txt
Attached File(s)
File Type: txt cci.txt   3 KB | 244 downloads
  • #536
  • Oct 28, 2019 11:38am Oct 28, 2019 11:38am
Quoting 1es1ergreen
{quote} in txt {file}
Okay! I looked at the source code and I could immediately realize what the problem is. For Renko charts you cannot simply check Volume[0] == 1 as the open of the new Renko candle.
Trading is the hardest way to make easy money...
  • #537
  • Edited 3:42pm Oct 28, 2019 3:25pm | Edited 3:42pm
Quoting Hercs
Hi Matt, Attached for your convenience please find: 1. HalfTrend-1.02_US30.mq4 2. RSI_TripleHull_COL.mq4 3. Template 4. A numbered screenshot of the M7 template. Requested EA to: (i). open a trade on the SIGNALS of the HalfTrend providing that the RSI_TripleHul_COL (RTH) is in agreement. (ii). exit the trade on the reverse signal when a new trade is open. Discussion regarding the RTH according to the annotated Screenshot: a. RTH setting @ 5. b. "Arrow A." (16h36) - no trade, because the RTH is @ 90 and above (and 10 for short and below). c. "Arrow...
Hi Hercs!

Here is the EA v1.00.

Note 1: I used RTH values like this: 82 < RTH < 90 for BUY and 10 < RTH < 18 for SELL. The reason is symmetry in BUY/SELL signals.
Note 2: I think closing the open position on opposite signal is not a good idea. It is better to close a position on opposite arrow of Half Trend indicator. (But I programmed the EA on opposite signal as you mentioned).
Note 3: The EA works on demo and live accounts until the end of this year. If it is profitable, I will release unlimited version.

Best,
Matt
Attached File(s)
File Type: ex4 MT7_Renko_Hercs_EA.ex4   76 KB | 636 downloads
Trading is the hardest way to make easy money...
  • #538
  • Oct 29, 2019 12:47am Oct 29, 2019 12:47am
Quoting MathTrader7
{quote} Hi Hercs! Here is the EA v1.00. Note 1: I used RTH values like this: 82 < RTH < 90 for BUY and 10 < RTH < 18 for SELL. The reason is symmetry in BUY/SELL signals. Note 2: I think closing the open position on opposite signal is not a good idea. It is better to close a position on opposite arrow of Half Trend indicator. (But I programmed the EA on opposite signal as you mentioned). Note 3: The EA works on demo and live accounts until the end of this year. If it is profitable, I will release unlimited version. Best, Matt {file}
Good morning Matt,
From the bottom of my heart a massive "Thank you" for this. May you be blessed exceedingly abundantly.
Secondly, what I meant by "closing the open position on opposite signal" is precisely what you're suggesting. My apologies if my explanation sounded differently.
I am starting it from 08h00 our time this morning and will report back to you without overloading your already full schedule.
Continued success to you.

Hercs.
Hercs
  • #539
  • Oct 29, 2019 2:21am Oct 29, 2019 2:21am
Quoting MathTrader7
{quote} Okay! I looked at the source code and I could immediately realize what the problem is. For Renko charts you cannot simply check Volume[0] == 1 as the open of the new Renko candle.
You fix it in renko chart?
  • #540
  • Oct 29, 2019 3:39am Oct 29, 2019 3:39am
Quoting MathTrader7
{quote} Hi Hercs! Here is the EA v1.00. Note 1: I used RTH values like this: 82 < RTH < 90 for BUY and 10 < RTH < 18 for SELL. The reason is symmetry in BUY/SELL signals. Note 2: I think closing the open position on opposite signal is not a good idea. It is better to close a position on opposite arrow of Half Trend indicator. (But I programmed the EA on opposite signal as you mentioned). Note 3: The EA works on demo and live accounts until the end of this year. If it is profitable, I will release unlimited version. Best, Matt {file}
Matt, if and when you get a chance, can I use this EA on US30?
It shows a window in the top lefthand side of the screen which shows "EUR" and seeing that it did not trade the US30, I opened a EURUSD setup to see whether it will take a trade on it.
I use Windows 10 Professional and the MetaTrader4 is Build 1220.
Everything loaded perfectly in both instances and I checked both Experts and Journal Tabs for any problems, but everything is fine.
I would love to hear from you plse.
Hercs.
Hercs
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