Hi,
The RenkoToCSV In build 890 not work.
Asks for update and if I upgrade the robot does not work.
What does it do?
In the second test.
I use windows 10 of adm permission.
MT4 Build 1031.
MathTrader7 Renko Chart Creator 1.48
MathTrader7 Renko EA 3.36
The RenkoToCSV did not create the file.
Why did not RenkoToCSV create the file?
But I got the test, I do not know if it gave me a false result.
You use the opening price.
Why do not you use the tick?
{quote} Hello Ekud, Congrats on the new tool. Thank you for sharing it with us. iwjw has a point warning about the open price of the renko charts. The open price on the renko charts are not real open prices. To get the real open price you have to create non gapped renko by Mathtrader. Or use the following range bars ea, the open will always be correct. {file} Thanks once again and good luck
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I think it does not work anymore in the current version, it does not open the chart offline M4, here.
hey guys great thread and was very helpful but allow me to ask after creating the renko chart with renko chart suite i use save as in the file menu it creates a csv file with values of the renko file then it can be tested on the other offline MT4 isnt that the same and much easier steps
The script from ovo do all that more or less automated...
Drop that script from ovo (OfflineTestHelper.ex4) to your already generated offline/renko chart.
This will add a new "fake mt4 server" and convert your renko data to a "M1 timeframe" - you open that "fake mt4 server" and do your strategy tester/backtest there with that "fake M1 data" which represents your renko chart.
(i don't have any affiliation with ovo - but really useful for backtesting renko)
The script from ovo do all that more or less automated... Drop that script from ovo (OfflineTestHelper.ex4) to your already generated offline/renko chart. This will add a new "fake mt4 server" and convert your renko data to a "M1 timeframe" - you open that "fake mt4 server" and do your strategy tester/backtest there with that "fake M1 data" which represents your renko chart. (i don't have any affiliation with ovo - but really useful for backtesting renko)
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Hello, the ovo script (OfflineTestHelper.ex4) gives me an error.
It tells me it doesn't work with the mt4 version other than mt4 b-509.
I have tried to install mt4-b509, but it forces me to update. IT DOES NOT WORK.
Do you know of any version that works, or any way to solve the error.
Thank you
{quote} Hello, the ovo script (OfflineTestHelper.ex4) gives me an error. It tells me it doesn't work with the mt4 version other than mt4 b-509. I have tried to install mt4-b509, but it forces me to update. IT DOES NOT WORK. Do you know of any version that works, or any way to solve the error. Thank you
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sorry, I'm not an ovo support person - I had an error on my first test as well using an old renko generator EA - so it's important to use an up to date renko generater ea/indicator (which uses the "new format" for hst files)
{quote} Hi, how much can we trust backtest on renko, because in my opinion the results are too good to be true. {image}
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Salve Escalperi,
Allora, le cose sono due. Se provi a fare un backtest con un renko tradizionale, il software non capire che l'Open di un brick dovrebbe essere il Close di quello precedente. Per ciò la soluzione sarebbe di usare un Renko chiamatosi "non gap" in cui i reversals fanno graficamente il doppio di quelli in trend. In questo caso, l'Open di un brick è il Close del brick precendente. Invece, ad usare il non gap Renko ti scombussola gli indicatori basati sull'open dei brick. Provalo in realtime (demo account naturalmente).
Vabbè da una parte se ti funziona bene così, meglio, ma moltiplicare per 6 il capitale di partenza su 4 anni, è poco. Forse puoi creare un money management più profittevole.
I do not understand the point of backtesting on modified open/close price in .csv file? testing with m1 history in MT4 shows completely different result. Can someone explain to me?
I know this is old but can someone help. Ive tried everything and no matter what i do the chart is just plain candlesticks. However they do move a little funny.
