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Trading Renko

  • #921
  • Jul 18, 2017 9:02am Jul 18, 2017 9:02am
In case anyone wants a good offline renko generator ..it is an indicator and not an EA
https://www.forexfactory.com/showthread.php?t=684131
  • #922
  • Aug 27, 2017 6:56am Aug 27, 2017 6:56am
I am searching all over google to find the best Renko Chart Generator either EA or INDICATOR or SCRIPT.

I tried few EA, but it is consuming my CPU usage after 10 days and more. Please if anyone have good EA or INDICATOR or SCRIPT suggest me so that i can try all.

Whatever Renko chart generator you are using, please post me here so that it will be handy to check it and use the best which uses low CPU usage. People were even discussing on Renko Script Generator, I never found script which generators RENKO OFFLINE CHART.
Nothing is impossible. the word says i'm possible
  • #923
  • Aug 27, 2017 6:58am Aug 27, 2017 6:58am
Quoting tgdrela1
In case anyone wants a good offline renko generator ..it is an indicator and not an EA https://www.forexfactory.com/showthread.php?t=684131

Thanks for sharing a wonderful Renko Indicators. Please let me know is the same in still Beta Version ? Because it is not working for me when i change the box size for Indian scripts which are not having fractions like BANKNIFTY, NIFTY so and so.
Nothing is impossible. the word says i'm possible
  • #924
  • Aug 28, 2017 1:24am Aug 28, 2017 1:24am
Quoting zero1995
{quote} Thanks for sharing a wonderful Renko Indicators. Please let me know is the same in still Beta Version ? Because it is not working for me when i change the box size for Indian scripts which are not having fractions like BANKNIFTY, NIFTY so and so.
try a paid one , im using since long time very good and but i have lost confidence on renko because its not working with my trading plan , may be it will work for others
ovo.cz life time license and for three pcs , try this may be will help you
  • #925
  • Aug 28, 2017 2:35am Aug 28, 2017 2:35am
Quoting abmmalay
{quote} try a paid one , im using since long time very good and but i have lost confidence on renko because its not working with my trading plan , may be it will work for others ovo.cz life time license and for three pcs , try this may be will help you

Thanks for your suggestion.. Let me go through the same.. I found one more here : https://www.forexfactory.com/showthread.php?t=653664
Nothing is impossible. the word says i'm possible
  • #926
  • Edited 10:03am Sep 4, 2017 7:54am | Edited 10:03am
Quoting zero1995
I am searching all over google to find the best Renko Chart Generator either EA or INDICATOR or SCRIPT. I tried few EA, but it is consuming my CPU usage after 10 days and more. Please if anyone have good EA or INDICATOR or SCRIPT suggest me so that i can try all. Whatever Renko chart generator you are using, please post me here so that it will be handy to check it and use the best which uses low CPU usage. People were even discussing on Renko Script Generator, I never found script which generators RENKO OFFLINE CHART.
After many months searching for a Renko generator that does not use or refer to wicks. Those that were found did not work properly. By using the code examples with trial and error coded this Renko generators.

To use:
Place Renko generators in correct folders
Open any currency chart with timeframe M1
Drag or double click on renko generator
Set Renko block size, offline time frame, template.
- default: 10 pips block size
- default: offline M2 / M3
- default template: Renko.tpl
- offline chart will be posted on platform
Uncheck offline chart (F8 - Common - Offline chart)
- Expert Advisers will not function if this is not unchecked
Attached File(s)
File Type: ex4 Renko Indicator v1.ex4   16 KB | 1,761 downloads

Attached File(s)
File Type: ex4 Renko Script v1.ex4   13 KB | 1,343 downloads

Attached File(s)
File Type: tpl Renko.tpl   < 1 KB | 1,175 downloads
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 137 KB
  • #927
  • Sep 11, 2017 12:02am Sep 11, 2017 12:02am
Getting better and better
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4 af.png Size: 105 KB

Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4 op.png Size: 94 KB
  • #928
  • Edited Oct 12, 2017 3:46am Oct 11, 2017 1:46pm | Edited Oct 12, 2017 3:46am
Willing to test a expert?
Expert:
Will stop working 31/10/2017
Attached File(s)
File Type: ex4 Renko One.ex4   29 KB | 524 downloads

Renko generator (indicator)- preset to box size 7
Attached File(s)
File Type: ex4 RenkoChartSbS .ex4   15 KB | 599 downloads

Renko generator (include)
Attached File(s)
File Type: mqh RenkoChartSbS.mqh   12 KB | 638 downloads


Disclaimer:
https://www.forexfactory.com/showthr...20#post9518520
Attached Image (click to enlarge)
Click to Enlarge Name: Toets.PNG Size: 27 KB
  • #929
  • Edited 2:04am Oct 12, 2017 1:52am | Edited 2:04am
Congratulations tekkies...good work.
Could you post your trades from Oct 1 on EURUSD with the EA ?
For me, the EA takes 2 trades at the same time.
Regards.
  • #930
  • Oct 12, 2017 2:17am Oct 12, 2017 2:17am
Quoting madscalp
Congratulations tekkies...good work. Could you post your trades from Oct 1 on EURUSD with the EA ? For me, the EA takes 2 trades at the same time. Regards.
Don't have any trades to post per se. Testing on live account for backtesting is unrealistic as you can see on the submitted report.
Basically the expert has not been allowed to run unattended and without interference due to being still under development.

"For me, the EA takes 2 trades at the same time."
PlacingOrders = "Choose between Single or Multiple Orders";
TrueFalse = "Only one can be true";
UseSingleOrder = false;
UseMultipleOrders = true;
increase = "Increase number place 1 * number on brick 1 and 2";
samelot = "Same lot size on both brick's";
NumberOfOrders = 2;

Try to find the right setting's for the degree to avoid trades in consolidation.
Attached Image
  • #931
  • Oct 12, 2017 3:09am Oct 12, 2017 3:09am
Hi tekkies
Yes the backtesting is unrealistic...it's not the matter...I see
I wanted to see your trades during a few days
For the orders... it's OK ...I input UseMultipleOrders = false
Do you use your expert in live ? really ?
  • #932
  • Oct 12, 2017 3:42am Oct 12, 2017 3:42am
Quoting madscalp
Hi tekkies Yes the backtesting is unrealistic...it's not the matter...I see I wanted to see your trades during a few days For the orders... it's OK ...I input UseMultipleOrders = false Do you use your expert in live ? really ?
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 150 KB
  • #933
  • Oct 12, 2017 3:51am Oct 12, 2017 3:51am
Many thx
I see first you trade with the trend
but why your EA is off ? and how you close the trade ?
  • #934
  • Oct 12, 2017 5:30am Oct 12, 2017 5:30am
Quoting madscalp
Many thx I see first you trade with the trend but why your EA is off ? and how you close the trade ?
Renko is good for showing and using trend trading.
EA off: coffee break, adding some comment inside the expert.
Expert close orders on change of trend direction - red/green or green/red
  • #935
  • Oct 12, 2017 6:14am Oct 12, 2017 6:14am
Ok... your EA really a great tool
the issue is the flat market...how to avoid too many trades...I'm correct ?
  • #936
  • Oct 12, 2017 6:32am Oct 12, 2017 6:32am
Quoting madscalp
Ok... your EA really a great tool the issue is the flat market...how to avoid too many trades...I'm correct ?
Yes - correct.
It is a matter of finding the correct setting for the angle.
To low the expert lose in consolidation.
To high the expert enter late on a trend.
  • #937
  • Oct 12, 2017 7:22am Oct 12, 2017 7:22am
I understand and I'm trying to help you to improve the EA.
What's exactly your angle definition ?
i see in the EA the default angle is 16...correct ?
  • #938
  • Oct 13, 2017 6:36am Oct 13, 2017 6:36am
Quoting Tekkies
{quote}As soon as you place the expert on a chart it place an order.
Fixed the above mentioned problem:
Will stop working 31/10/2017
Attached File
Attached File(s)
File Type: ex4 Renko One.ex4   29 KB | 572 downloads
  • #939
  • Oct 13, 2017 3:07pm Oct 13, 2017 3:07pm
Quoting tgdrela1
In case anyone wants a good offline renko generator ..it is an indicator and not an EA https://www.forexfactory.com/showthread.php?t=684131
These are great tools for anyone trading renko. Thanks for your generosity in
sharing them.
  • #940
  • Oct 25, 2017 4:29pm Oct 25, 2017 4:29pm
Hi

I have a suggestion for those who want to trade renko with real time charts.

I have Oanda as my broker and their browser based trading platform has alot of nice tools including realtime renko charts.

I dunno if the charts work on demo accounts but why not?

I will post a pick from the the platform so you can see how it looks.
You dont have to trade with Oanda you can use the platform for your trading.
If the demo doesnt allow it than just open a small account like the minimum they allow or something.(this is just an idea)

Now you dont have to worry about ticks being loaded and all that crap.
You can even hit the back button and visually back test any indicator you want. They have bunch of indis that does not come wiht mt4.
Attached Image (click to enlarge)
Click to Enlarge Name: OANDA.png Size: 144 KB
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