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Trading Renko 1101 replies

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Renko Trading Discussion

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  • Post #221
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  • Dec 25, 2015 8:37am Dec 25, 2015 8:37am
  •  ekud87
  • | Joined May 2014 | Status: Member | 77 Posts
vvv
Quoting GoldTheHun
Disliked
{quote} Could you explain a little more? I don't understand the volume part. If you want post the csv file, I will include the correction formula and post it back so that you can use that excel template for future uses. It is not good to make the corrections in mt4, it will cause other problems. It is better to make the corrections in csv file than import to mt4..
Ignored

the idea that I have is:

- Create a script to attach a graphic renko, generate the .csv file.
- The script assigned to each candle renko a single date and time to avoid the error that occurs when you manually import the .csv file

I do think this script is not complicated, he can also add other functions that enable to do something more simple the renko backtest.

I say the volume is:
- The csv file contains the information of date, time OHLC and volume.
- Can I replace the volume with duration information renko candle in seconds
  • Post #222
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  • Dec 25, 2015 9:25am Dec 25, 2015 9:25am
  •  GoldTheHun
  • Joined Nov 2014 | Status: Member | 384 Posts
Quoting ekud87
Disliked
vvv{quote} the idea that I have is: - Create a script to attach a graphic renko, generate the .csv file. - The script assigned to each candle renko a single date and time to avoid the error that occurs when you manually import the .csv file I do think this script is not complicated, he can also add other functions that enable to do something more simple the renko backtest. I say the volume is: - The csv file contains the information of date, time OHLC and volume. - Can I replace the volume with duration information renko candle in seconds
Ignored

I think you can replace the volume with duration, only requirement is that it must be an integer number and greater than 0....
RandomWalk All Time Return: 7.2%
  • Post #223
  • Quote
  • Dec 25, 2015 11:56am Dec 25, 2015 11:56am
  •  daileycon
  • | Joined Nov 2015 | Status: Member | 32 Posts
Quoting MathTrader7
Disliked
I'm working on a Renko chart creator EA that changes the size of Renko bricks based on the average of N last range of candles of some standard chart (for example, M1). I defined a minimum Renko brick size (for example 100 points). Some preliminary results are shown below. What do you think about the best strategy to change the Renko brick size based on the recent market price action? {image} {image}
Ignored
Any progress on this project?
  • Post #224
  • Quote
  • Dec 25, 2015 3:06pm Dec 25, 2015 3:06pm
  •  ekud87
  • | Joined May 2014 | Status: Member | 77 Posts
Quoting GoldTheHun
Disliked
{quote} I think you can replace the volume with duration, only requirement is that it must be an integer number and greater than 0....
Ignored

ok ... already achieved make the first version of the script to "repair" the .csv file


the script generates the appropriate time for each renko

still does not replace the volume for the duration in seconds candle but already done most of the work

I'm finishing details maybe tomorrow uploading to achieve forum (at the moment I'm at work)
  • Post #225
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  • Dec 26, 2015 10:56am Dec 26, 2015 10:56am
  •  dagoods
  • Joined Nov 2007 | Status: Member | 2,920 Posts
guys why should we simply take every retrace if we are going to use the renko...... well, if we do know what a retrace is....

like if price turns + it's a retrace compared to latest swing = trade,

if not a retrace break of renko candle then wait.

can use multiple size renkos to almost always be in a trade.

Happy Happy trading to all.
  • Post #226
  • Quote
  • Dec 26, 2015 3:36pm Dec 26, 2015 3:36pm
  •  metta87
  • Joined Jul 2012 | Status: Member | 1,105 Posts
Quoting GoldTheHun
Disliked
{quote} I am familiar with PF charts but I have never used them for backtesting. You can try to see if it works or not. Please let us know it it works. Good luck....
Ignored
hello, actually the range box chart that you posted is a pnf chart with reversal one so i can use it for backtest thanks.
  • Post #227
  • Quote
  • Dec 26, 2015 7:30pm Dec 26, 2015 7:30pm
  •  ekud87
  • | Joined May 2014 | Status: Member | 77 Posts
Now it is almost ready the first version of "script" to "repair" the .csv files created from Renko charts.

This is the original graphic renko:
Attached Image (click to enlarge)
Click to Enlarge

Name: EURUSD_renko_original.png
Size: 39 KB


This is the graph renko "restored" with the "script" (to backtest):
Attached Image (click to enlarge)
Click to Enlarge

Name: EURUSD_renko_script.png
Size: 39 KB


but all is not good ... in extreme volatility this happen with the "script":
Attached Image (click to enlarge)
Click to Enlarge

Name: EURUSD_renko_script_error.png
Size: 52 KB


The code is below for those who want to analyze it ... I think the error is in:
Inserted Code
void CORREGIR_ERRORES()
{
   int i;
  
   MqlDateTime VELA_1;
   MqlDateTime VELA_2;
  
   for (i=LIMITE;i>=1;i--)  
   {
      TimeToStruct(TIEMPO[i+1],VELA_2);
      TimeToStruct(TIEMPO[i],VELA_1);      
      
      //Se analiza la informacion en busca de errores
      if(VELA_2.year >= VELA_1.year)
      {
         if(VELA_2.mon >= VELA_1.mon)
         {
            if(VELA_2.day >= VELA_1.day)
            {
               if(VELA_2.hour >= VELA_1.hour)
               {
                  if(VELA_2.min >= VELA_1.min)
                  {                  
                     //VELA_1.min = VELA_2.min + 1;                    
                     //TIEMPO[i] = StructToTime(VELA_1);
                     TIEMPO[i] = TIEMPO[i+1] + (60-MathMod(TIEMPO[i+1],60)) + 1; // I think the error
                  }
               }
            }
         }
      }  
      
   }
  
}

Attached File
File Type: mq4 RenkoToCSV.mq4   4 KB | 218 downloads
  • Post #228
  • Quote
  • Edited at 1:26am Dec 27, 2015 12:47am | Edited at 1:26am
  •  ekud87
  • | Joined May 2014 | Status: Member | 77 Posts
replacing the line:

TIME [i] = TIME [i + 1] + (60-MathMod (TIME [i + 1], 60)) + 1;

by:

TIME [i] = TIME [i + 1] + 60:

the problem seems to be corrected (no gaps are) but the date was completely distorted

Attached Image (click to enlarge)
Click to Enlarge

Name: 065d19a29d2cfa135ca79ecb99be431f.gif
Size: 1.9 MB
  • Post #229
  • Quote
  • Dec 27, 2015 7:50am Dec 27, 2015 7:50am
  •  hovedguy
  • Joined Dec 2015 | Status: Member | 487 Posts
Dear friends, can you please suggest me if there's any way that I can backtest renko EA?
  • Post #230
  • Quote
  • Dec 27, 2015 8:55am Dec 27, 2015 8:55am
  •  GoldTheHun
  • Joined Nov 2014 | Status: Member | 384 Posts
Quoting metta87
Disliked
{quote} hello, actually the range box chart that you posted is a pnf chart with reversal one so i can use it for backtest thanks.
Ignored

I totally agree with you. Welcome and good luck...
RandomWalk All Time Return: 7.2%
  • Post #231
  • Quote
  • Dec 27, 2015 6:24pm Dec 27, 2015 6:24pm
  •  ekud87
  • | Joined May 2014 | Status: Member | 77 Posts
[quote = hovedguy; 8662115] Queridos amigos, puede usted por favor me sugieren si hay alguna manera de que yo pueda EA backtest renko [/ quote]?

hi.

http://www.forexfactory.com/showthre...44#post8657644
  • Post #232
  • Quote
  • Dec 27, 2015 6:32pm Dec 27, 2015 6:32pm
  •  JnqzForex
  • | Joined Jun 2015 | Status: Member | 24 Posts
Quoting martinez1
Disliked
{quote} MartTrader7, First and foremost i want to let you know that i(we) really appreciate your good work here please i have this EA specifications in mind 1) Entry point : when 2 bricks of the same colours are formed 2) Exit point: when 1 brick of the opposite colour is formed 3) Lots size should be user define 4) Stop Loss: the wick of the first brick before entry point and option to insert manually specific level of stop loss 5) Up to two trades in an entry point, the first trade closes at a specific target of pips (user defined) while the last...
Ignored
This is surprisingly a simple method and it does work, I have used a similar sort of one before on renkos. I found its better on the larger renko candles as the chops and turns don't effect them as much
  • Post #233
  • Quote
  • Dec 27, 2015 7:14pm Dec 27, 2015 7:14pm
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 1,932 Posts
Quoting martinez1
Disliked
{quote} MartTrader7, First and foremost i want to let you know that i(we) really appreciate your good work here please i have this EA specifications in mind 1) Entry point : when 2 bricks of the same colours are formed 2) Exit point: when 1 brick of the opposite colour is formed 3) Lots size should be user define 4) Stop Loss: the wick of the first brick before entry point and option to insert manually specific level of stop loss 5) Up to two trades in an entry point, the first trade closes at a specific target of pips (user defined) while the last...
Ignored
Here is the first version of an EA that implements Martinez1's strategy. In this version only a subset of features is implemented.
Attached Image (click to enlarge)
Click to Enlarge

Name: Martinez1_BT.png
Size: 44 KB
Attached File
File Type: ex4 MathTrader7_RenkoMartinezEA.ex4   132 KB | 275 downloads
"Life is what happens when you're busy making other plans." -John Lennon
  • Post #234
  • Quote
  • Dec 27, 2015 7:34pm Dec 27, 2015 7:34pm
  •  ekud87
  • | Joined May 2014 | Status: Member | 77 Posts
Quoting MathTrader7
Disliked
{quote} Here is the first version of an EA that implements Martinez1's strategy. In this version only a subset of features is implemented. {file} {image}
Ignored
Hello MathTrader7

I can ask you a question? in your backtest, you can program something to avoid times of high volatility?

so you could avoid the news and high slippages ..

this could by measuring the duration of each Renko. If the duration is very short, it is assumed that there is high volatility.
  • Post #235
  • Quote
  • Dec 28, 2015 5:12am Dec 28, 2015 5:12am
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 1,932 Posts
Quoting ekud87
Disliked
{quote} Hello MathTrader7 I can ask you a question? in your backtest, you can program something to avoid times of high volatility? so you could avoid the news and high slippages .. this could by measuring the duration of each Renko. If the duration is very short, it is assumed that there is high volatility.
Ignored
Hi ekud87,

When price jumps up/down for a large amount of pips, it will appear as a few Renko bricks with a constant volume of 4, a constant time of 1 second and no wicks on my non-gap Renko charts. This can be checked in the backtest, but there is no chance to do so in the real world. I always try to implement a Renko trading strategy such that the EA won't take advantage of the way the Renko bricks are built.

Best,
Math
"Life is what happens when you're busy making other plans." -John Lennon
  • Post #236
  • Quote
  • Dec 28, 2015 10:59am Dec 28, 2015 10:59am
  •  osfx
  • Joined Nov 2014 | Status: Member | 161 Posts
Hi Math,

I use a script, that directly creates fxt-Renko-files from tick data. Although I selected the non-gap-option, your EAs' stop backtesting with the message "Please attach the EA to a non-gap Renko chart".
Is there any option to suppress this behaviour ?

Thanks, Oliver
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot3.png
Size: 40 KB
  • Post #237
  • Quote
  • Dec 28, 2015 12:31pm Dec 28, 2015 12:31pm
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 1,932 Posts
Quoting osfx
Disliked
Hi Math, I use a script, that directly creates fxt-Renko-files from tick data. Although I selected the non-gap-option, your EAs' stop backtesting with the message "Please attach the EA to a non-gap Renko chart". Is there any option to suppress this behaviour ? Thanks, Oliver {image}
Ignored
Hi osfx,

It seems that the EA couldn't recognize the chart as a non-gap Renko chart...

Best,
Math
"Life is what happens when you're busy making other plans." -John Lennon
  • Post #238
  • Quote
  • Dec 28, 2015 1:56pm Dec 28, 2015 1:56pm
  •  Peluq
  • | Joined Jun 2013 | Status: Member | 42 Posts
Quoting MathTrader7
Disliked
{quote} Here is the first version of an EA that implements Martinez1's strategy. In this version only a subset of features is implemented.
Ignored
Hi MathTrader7, in this EA, you could add a manual breakeven and the option of using the filter ema (true, false) ?, thanks.
  • Post #239
  • Quote
  • Dec 28, 2015 5:55pm Dec 28, 2015 5:55pm
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 1,932 Posts
Here is the first version of an EA that trades based on this Non-Lag Dot indicator. You need to copy the attached indicator, nonlagdot.mq4 into your MT4's <MQL4\Indicators> folder.
Attached Image (click to enlarge)
Click to Enlarge

Name: RenkoNLD_BT.png
Size: 46 KB
Attached Files
File Type: ex4 MathTrader7_RenkoNLD_EA.ex4   132 KB | 374 downloads
File Type: mq4 nonlagdot.mq4   5 KB | 421 downloads
"Life is what happens when you're busy making other plans." -John Lennon
  • Post #240
  • Quote
  • Dec 28, 2015 6:07pm Dec 28, 2015 6:07pm
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 1,932 Posts
Quoting Peluq
Disliked
{quote} Hi MathTrader7, in this EA, you could add a manual breakeven and the option of using the filter ema (true, false) ?, thanks.
Ignored
Here is Version 1.01 of the EA. In this version the user can enable/disable MA filter.
@Pelug: What do you mean "Manual Breakeven"?
Attached File
File Type: ex4 MathTrader7_RenkoMartinezEA.ex4   132 KB | 272 downloads
"Life is what happens when you're busy making other plans." -John Lennon
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