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Lets Automate a Simple Renko Strategy!

  • #2,561
  • Apr 24, 2018 8:31am Apr 24, 2018 8:31am
Quoting Rivamann
{quote} What do u mean with bad trades? it shouldnt take no trades today at all {image}
I had bad setting of retracement finder. level 4 instead 40. I repaired it. i will see tomorow.
  • #2,562
  • Apr 24, 2018 10:18am Apr 24, 2018 10:18am
Quoting spojka
{quote} I had bad setting of retracement finder. level 4 instead 40. I repaired it. i will see tomorow.
Hehe okey
  • #2,563
  • Apr 25, 2018 8:00am Apr 25, 2018 8:00am
Quoting spojka
{quote} I had bad setting of retracement finder. level 4 instead 40. I repaired it. i will see tomorow.
U should probably test it with lower bricks just to test it because now on my pairs is just big trends so it does not take any trades. The last trade went in profit on 23th. Just one though
  • #2,564
  • Apr 25, 2018 11:11am Apr 25, 2018 11:11am
Quoting Rivamann
{quote} U should probably test it with lower bricks just to test it because now on my pairs is just big trends so it does not take any trades. The last trade went in profit on 23th. Just one though
OK I will try with 7 pips brick
  • #2,565
  • Apr 25, 2018 11:13am Apr 25, 2018 11:13am
Quoting Rivamann
{quote} U should probably test it with lower bricks just to test it because now on my pairs is just big trends so it does not take any trades. The last trade went in profit on 23th. Just one though
Did you test another strategy from this thread?
  • #2,566
  • Edited 3:46pm Apr 25, 2018 2:59pm | Edited 3:46pm
Quoting spojka
{quote} Did you test another strategy from this thread?
No i havent tried another one. Just finish reading it Im not sure which strategy is the one ? do u know

If u want to test cci system that i published, u can get results very fast on 2 and 3 bricks u woudnt get good results, but u see how the ea works, with the stop loss.
  • #2,567
  • Apr 26, 2018 2:30pm Apr 26, 2018 2:30pm
Here is an update from the system with cci i use from today and earlier on some pairs i have i have to correct myselves from yesterday. I thought i had an trade 23th but it wasnt
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cci 1.GIF Size: 238 KB
Click to Enlarge Name: cci 2.GIF Size: 239 KB
  • #2,568
  • Apr 26, 2018 3:20pm Apr 26, 2018 3:20pm
Didnt noticed that it was a bug with the gbpusd today. It should only take one trade. But instead it took two!!??
Attached Image
  • #2,569
  • Apr 28, 2018 12:49am Apr 28, 2018 12:49am
Quoting Rivamann
Didnt noticed that it was a bug with the gbpusd today. It should only take one trade. But instead it took two!!?? {image}
I have tried thae martingale setting, but did not work good. But i thing that the problem can be solved by installing different MT for each pair.
the results for 7 pip bricks chart was terrible.
  • #2,570
  • Apr 28, 2018 3:10pm Apr 28, 2018 3:10pm
oh okey. maybe the stop loss will be hit, is that what u are saying ?
  • #2,571
  • May 14, 2018 4:17pm May 14, 2018 4:17pm
Hi guys,
I wanted to share with you the Renko Live Charts EA which I added to version v600.4 the following changes.
First publication was by Tim Welch here, and the fixes came along the way.

Of course you could take it and add to it you current trading EAs, but do notice that this is not a trading EA version, only a renko brick chart creator.

I just felt the need to improve the existing version.
I hope you will find it useful and I would appreciate any comments on my additions.

//| May 14 2018 (TS) (v600.5)
//| - Restored ATR based box size, from [v4.1 Andrea Jan 20 2014] version
//| - Changed RenkoBoxSize and Offset to double, in order to handle more precise box sizes to pippets in supporting 3/5 digit brokers.
//| - Added comments on chart to notify users what should be done [v4.13 Tim Welch Aug 22 2014]
//| - Added TestingMode, which allows to create offline charts in standard MQL4/5 timeframe constants,
//| To use Renko charts in Strategy Tester
//| - Change critical log prints messages to Message Box, for better understanding of the situation
//| - Added automatic opening of the offline chart, and also an easy opening using "click here" on comments area
Attached File(s)
File Type: mq4 RenkoLiveChart_v600.5.mq4   23 KB | 598 downloads
Thunder OM Flex Secondary All Time Return: -18.2%
  • #2,572
  • May 14, 2018 5:17pm May 14, 2018 5:17pm
Quoting friday13
Hi guys, I wanted to share with you the Renko Live Charts EA which I added to version v600.4 the following changes. First publication was by Tim Welch here, and the fixes came along the way. Of course you could take it and add to it you current trading EAs, but do notice that this is not a trading EA version, only a renko brick chart creator. I just felt the need to improve the existing version. I hope you will find it useful and I would appreciate any comments on my additions. //| May 14 2018 (TS)...

Hi,

In the source code, there is written somewhere in the beginning of the program: #import "user32.dll"
Is this some piece of code, which is necessary for the program ?
Where is this located and do we really need it ?

Question : What are standard MQL4/5 time frame constants ?

Remark : The automatic opening of the offline chart is a convenient property. Well done.
  • #2,573
  • May 26, 2018 1:51am May 26, 2018 1:51am
Which renko bricksize in points do you trade here? I am creating test mt4s and searching for usual sizes...
Vucking good EA coder... https://t.ly/AZjRM
  • #2,574
  • May 26, 2018 2:21am May 26, 2018 2:21am
Quoting reteid2222
Which renko bricksize in points do you trade here? I am creating test mt4s and searching for usual sizes...
2.5 Pips thank you.
Let it turn and find your entry.
  • #2,575
  • May 26, 2018 8:30am May 26, 2018 8:30am
That's totally wrong 2.5 !!!
Correct Renko box size must be adjusted based on maximum spread if floating following this rule :

RenkoBoxSize = or > Maximum spread

If spread = 600 , Renko box = 600 ex: Cfd , stocks, btc
If RenkoBoxSize = 2.5 , is best to use 5 or 10 is most recommend.

Source : this rule is shared by CIT-investing.com technical support
  • #2,576
  • May 27, 2018 6:09pm May 27, 2018 6:09pm
Quoting Riverstar
{quote} Hi, In the source code, there is written somewhere in the beginning of the program: #import "user32.dll" Is this some piece of code, which is necessary for the program ? Where is this located and do we really need it ? Question : What are standard MQL4/5 time frame constants ? Remark : The automatic opening of the offline chart is a convenient property. Well done.
Thanks Riverstar,

Are you a programmer? I will need to fit my answer wether you're a programmer or a trader.

So,
1. Well, from "user32.dll" we take the Windows API function "RegisterWindowMessageW", which helps us emulate ticks when the market is closed, so the chart will be created anyway.
You really do need it, and if you're a programmer, you can simply follow this function and see where I use it.
If you have any further question regarding this subject, please send me a private message in order not to hijack this post and lead it to other directions.

2. standard MQL4/5 time frame constants are metioned here: https://docs.mql4.com/constants/char...num_timeframes.

3. Thanks for the remark!
Thunder OM Flex Secondary All Time Return: -18.2%
  • #2,577
  • May 27, 2018 6:14pm May 27, 2018 6:14pm
Quoting aksoft2007
That's totally wrong 2.5 !!! Correct Renko box size must be adjusted based on maximum spread if floating following this rule : RenkoBoxSize = or > Maximum spread If spread = 600 , Renko box = 600 ex: Cfd , stocks, btc If RenkoBoxSize = 2.5 , is best to use 5 or 10 is most recommend. Source : this rule is shared by CIT-investing.com technical support
I did not understand where you got your source from. Could you share the actual source?

I can tell you my humble opinion, I use an ATR (24) method to find the best box size, and then round it up a bit.
Thus I came to box sizes of 10-20 pips for the majors such as EURUSD, GBPUSD, GBPJPY etc...
Spread size at my end is 1-3 pips.
Coming too close to the spread, less than twice the spread will give you still a lot of noise so I don't really see the point in using Renko over other form of charting or indicator.
Thunder OM Flex Secondary All Time Return: -18.2%
  • #2,578
  • May 31, 2018 1:56pm May 31, 2018 1:56pm
This is an awesome thread, thanks to the OP as well as all the contributions since day 1..... THAT SAID, what is the name of the most current version of this EA? there have been so many variations and mods, that i don't know the correct one to get.
TIA
  • #2,579
  • May 31, 2018 2:21pm May 31, 2018 2:21pm
What is the final version of this EA?
  • #2,580
  • May 31, 2018 3:52pm May 31, 2018 3:52pm
Quoting friday13
Hi guys, I wanted to share with you the Renko Live Charts EA which I added to version v600.4 the following changes. First publication was by Tim Welch here, and the fixes came along the way. Of course you could take it and add to it you current trading EAs, but do notice that this is not a trading EA version, only a renko brick chart creator. I just felt the need to improve the existing version. I hope you will find it useful and I would appreciate any comments on my additions. //| May 14 2018 (TS)...
Hi if i turn wicks to false it still shows the wicks can you take a look ?
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