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Non-gap Renko Chart Creator EA

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  • Post #1
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  • First Post: Edited Aug 8, 2023 4:32pm Apr 10, 2015 10:16am | Edited Aug 8, 2023 4:32pm
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,154 Posts
Why non-gap Renko charts?
In standard Renko charts there is a gap of brick size between open of the reverse brick and the close of the previous brick. The Renko creator EA presented here creates a non-gap version of Renko charts. The non-gap version reconstructs the history more accurately than standard Renko charts, where it is of great importance for backtesting the EAs. For this reason, I personally prefer this type of building Renko charts, and here I share my Renko creator EA with the community.
Attached Image


>>Thread Rules:
1. In this thread we only discuss Non-gap Renko Chart Creator EA presented here. I will IGNORE anyone who writes any irrelevant post in this thread.
2. You post any commercial link (directly or indirectly) and that would be your last posts.


>>Performance:
For a comparison of my non-gap Renko creator EA with other Renko builders see an example survey in the following posts which starts at,
https://www.forexfactory.com/showthr...91#post8226691


>>How to run it:
1. Download MathTrader7_RenkoChartCreatorEA.ex4 from the attachments and copy it into your Experts folder.
2. Enable Allow DLL import in Tools>Options>Expert Advisors tab.
3. Refresh your MT4 platform's navigator window (or restart MT4).
4. Open a M1 chart (for example, EURUSD, M1) and attach the EA to the chart.
5. Wait for the EA to convert the history data of M1 bars into Renko bricks.
6. When the conversion to Renko bars is done, the EA will automatically open the chart of Renko bars created from (EURUSD) M1 history data.
Now you can attach a Renko trading EA, indicators and scripts to the opened Renko chart.


>>How to download M1 history data:
Method 1:
In order to create Renko charts with as much as possible bars, you need to download history data. One way to do so is as follows:
1. Hit <F2> key to bring up History Center window.
2. Select the symbol (for example, EURUSD).
3. Click on <Download> button.
4. Repeat 1 to 3 for all symbols you want to load history data.

Method 2 (Automated method):
For an automated script to load history data, see Post 71.
Download the script from Post 71, and put it into your MT4's Scripts folder. Then open a chart (any timeframe) of your desired symbol and attach the script to the chart. Then wait until script fetches all available history data from your brokers server.

>>How to backtest:
1. In the following link there is a description of a method to backtest Renko EAs:
http://www.forexfactory.com/showthread.php?t=572375

NOTE 1: Below in Download section you can find a script that converts real ticks to non-gap Renko HST files for backtesting EAs,

NOTE 2: I do not use above method to backtest my Renko EAs. I have my own way of doing so.
There is a description of how I test Renko EAs with real ticks below,
https://www.forexfactory.com/showthr...92#post8594192


>>Downloads:
1. Single-Symbol Renko Chart Creator EA
--- Update 2023-08-08 ------
Version 1.74 released. In this version a bug in ATR based Renko brick size calculation fixed. Also, the EA automatically opens the offline chart if the user changes the input settings while the offline chart had been already closed.
Attached File(s)
File Type: ex4 MathTrader7_RenkoChartCreatorEA.ex4   80 KB | 353 downloads | Uploaded Aug 8, 2023 4:31pm

Archive:
Attached File(s)
File Type: zip MT7_RenkoChartCreatorEA_Archive.zip   154 KB | 176 downloads | Uploaded Aug 8, 2023 4:31pm



2. Multi-Symbol Renko Chart Creator EA (Experimental, ONLY FOR TEST, Do not use this version in practice)
Note: This version is an attempt to create Renko charts for more than one Symbol with running the Renko Creator EA only on one chart. This works best for Renko brick sizes of greater than 50 points (5pips). You should note that with multi-symbol version you may face a high CPU usage.
--- Update 2018-08-20 ------
Version 1.50 released. Bug fixes.
Attached File(s)
File Type: ex4 MathTrader7_RenkoMultiChartCreatorEA.ex4   83 KB | 3,718 downloads | Uploaded Aug 20, 2018 1:40pm



3. Real Ticks to Renko HST Convertor Script (For Backtesting Renko)
--- Update 2020-06-01 ------
Version 1.03 released. In this version I fixed a bug related to large price gaps. Now the EA is more robust against such large price gaps (it is also called price jumps).
Attached Image
Attached File(s)
File Type: ex4 MT7_CSV2RenkoHST_SC.ex4   79 KB | 1,836 downloads | Uploaded Jun 1, 2020 8:41am
Trading is the hardest way to make easy money...
  • Post #2
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  • Apr 10, 2015 12:18pm Apr 10, 2015 12:18pm
  •  dsp
  • | Joined Jul 2008 | Status: Member | 13 Posts
Thank you MathTrader!
All the best!
 
1
  • Post #3
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  • Apr 10, 2015 12:47pm Apr 10, 2015 12:47pm
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,154 Posts
Quoting dsp
Disliked
Thank you MathTrader! All the best!
Ignored
You're welcome! :-)
Hope it helps you with your trades.
Trading is the hardest way to make easy money...
 
1
  • Post #4
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  • Apr 10, 2015 1:32pm Apr 10, 2015 1:32pm
  •  rozafx
  • | Joined May 2014 | Status: Member | 20 Posts
Nice mathtrader..!!
 
 
  • Post #5
  • Quote
  • Apr 16, 2015 6:03am Apr 16, 2015 6:03am
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,154 Posts
Version 1.2 of the EA that fixes some bugs released.
Trading is the hardest way to make easy money...
 
1
  • Post #6
  • Quote
  • Apr 16, 2015 11:11am Apr 16, 2015 11:11am
  •  cescof
  • Joined Jun 2013 | Status: Member | 1,004 Posts
Quoting MathTrader7
Disliked
Version 1.2 of the EA that fixes some bugs released.
Ignored
Problem in download...
Regards
ok now
 
 
  • Post #7
  • Quote
  • Apr 16, 2015 1:39pm Apr 16, 2015 1:39pm
  •  uvasileuvex
  • | Joined Jan 2015 | Status: Member | 3 Posts
Hello MathTrader,
Version 1.2 cames after 2.99 ?
Thanks
 
 
  • Post #8
  • Quote
  • Apr 17, 2015 12:56am Apr 17, 2015 12:56am
  •  pilot9
  • | Joined Nov 2014 | Status: Junior Member | 2 Posts
Mathtrader - I loaded up the M2 chart, unchecked "Offline Chart" - I am noticing that the price is not moving in parallel with the parent M1 chart? Actually, the price is not moving at all. Why would this be? Is there something I am missing?
I have the 'smiley face' on the M1 chart to say they EA is happy.
 
 
  • Post #9
  • Quote
  • Apr 17, 2015 2:56am Apr 17, 2015 2:56am
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,154 Posts
Quoting pilot9
Disliked
Mathtrader - I loaded up the M2 chart, unchecked "Offline Chart" - I am noticing that the price is not moving in parallel with the parent M1 chart? Actually, the price is not moving at all. Why would this be? Is there something I am missing? I have the 'smiley face' on the M1 chart to say they EA is happy.
Ignored
On some Windows platforms, Version 1.2 freezes and doesn't update the offline chart. I fixed this issue in Version 1.3 (see Post 1).
Trading is the hardest way to make easy money...
 
 
  • Post #10
  • Quote
  • Apr 17, 2015 3:46am Apr 17, 2015 3:46am
  •  blueseahorse
  • Joined Apr 2013 | Status: trading is less better than more | 250 Posts
hi mathtrader

good post here, and can you also share the way of using tickdata to backtest renko please?

thanks
patience is a virtue
 
 
  • Post #11
  • Quote
  • Apr 17, 2015 1:16pm Apr 17, 2015 1:16pm
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,154 Posts
Quoting blueseahorse
Disliked
hi mathtrader good post here, and can you also share the way of using tickdata to backtest renko please? thanks
Ignored
Hi blueseahorse, it is not straightforward! In order to convert real ticks to Renko HST and FXT files, I use a few tools that I just developed for testing the idea. If I can integrate the tools into one working script, I may open a thread and share it with other traders...
Trading is the hardest way to make easy money...
 
 
  • Post #12
  • Quote
  • Apr 18, 2015 7:02am Apr 18, 2015 7:02am
  •  Miche09
  • | Joined Jan 2015 | Status: Member | 201 Posts
Hi MathT,
My MT4 still freeze with v1.3, Windows 7.
Regards

Quoting MathTrader7
Disliked
{quote} On some Windows platforms, Version 1.2 freezes and doesn't update the offline chart. I fixed this issue in Version 1.3 (see Post 1).
Ignored
 
 
  • Post #13
  • Quote
  • Apr 18, 2015 7:17am Apr 18, 2015 7:17am
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,154 Posts
Version 1.4 released. In this version the problem of Renko bars' time is solved, so that the period separator works correctly.
Trading is the hardest way to make easy money...
 
 
  • Post #14
  • Quote
  • Apr 18, 2015 2:48pm Apr 18, 2015 2:48pm
  •  francisakz
  • | Joined Mar 2013 | Status: Member | 252 Posts
Can this withstand News event? I always have problem of Renko freezing my platform, is there any solution? Thanks mate
 
 
  • Post #15
  • Quote
  • Apr 18, 2015 3:02pm Apr 18, 2015 3:02pm
  •  Miche09
  • | Joined Jan 2015 | Status: Member | 201 Posts
Thank you MathT,this v1.4 runs fine in my platform. Regards

Quoting MathTrader7
Disliked
Version 1.4 released. In this version the problem of Renko bars' time is solved, so that the period separator works correctly.
Ignored
 
 
  • Post #16
  • Quote
  • Apr 18, 2015 3:22pm Apr 18, 2015 3:22pm
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,154 Posts
Quoting Miche09
Disliked
Thank you MathT,this v1.4 runs fine in my platform. Regards {quote}
Ignored
You're welcome! :-)
Good luck!
Trading is the hardest way to make easy money...
 
 
  • Post #17
  • Quote
  • Apr 20, 2015 1:52am Apr 20, 2015 1:52am
  •  sminage
  • Joined Mar 2015 | Status: Member | 91 Posts
The 1.4 version work good.
Can you add alert to bar close with these sounds.
Thanks for your contributions.
Attached File(s)
File Type: rar Sounds.rar   57 KB | 1,429 downloads
 
 
  • Post #18
  • Quote
  • Apr 20, 2015 10:02am Apr 20, 2015 10:02am
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,154 Posts
Quoting francisakz
Disliked
Can this withstand News event? I always have problem of Renko freezing my platform, is there any solution? Thanks mate
Ignored
It should work fine during news release...
Trading is the hardest way to make easy money...
 
 
  • Post #19
  • Quote
  • Apr 20, 2015 10:35am Apr 20, 2015 10:35am
  •  francisakz
  • | Joined Mar 2013 | Status: Member | 252 Posts
Quoting MathTrader7
Disliked
{quote} It should work fine during news release...
Ignored
Thanks Mathtrader for your Beautiful Renko. Please what is the Best Brick size for ur EA.
 
 
  • Post #20
  • Quote
  • Apr 20, 2015 10:43am Apr 20, 2015 10:43am
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,154 Posts
Quoting francisakz
Disliked
{quote} Thanks Mathtrader for your Beautiful Renko. Please what is the Best Brick size for ur EA.
Ignored
You're welcome! :-)
It is hard to say what is the best and what is the worst... But I prefer using a Renko brick size of 10 pips.
Trading is the hardest way to make easy money...
 
 
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