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Renko Trading Discussion

  • #921
  • Jul 17, 2018 12:09pm Jul 17, 2018 12:09pm
Is there any chance to backtest the EAs? I mean avoiding the annoying non-gap message with init failed.
  • #922
  • Jul 17, 2018 1:57pm Jul 17, 2018 1:57pm
Quoting Halley
Is there any chance to backtest the EAs? I mean avoiding the annoying non-gap message with init failed.
My Renko trading EAs are programmed to work on non-gap and rail-to-rail Renko charts.

Here is a method to backtest my EAs:
https://www.forexfactory.com/showthread.php?t=572375
Trading is the hardest way to make easy money...
  • #923
  • Jul 17, 2018 9:48pm Jul 17, 2018 9:48pm
Quoting MathTrader7
Version 1.43 of Renko ADX EA released (I updated Post 1). This version is compiled with MT4 build 1126.
thanks
  • #924
  • Jul 18, 2018 6:13am Jul 18, 2018 6:13am
Quoting MathTrader7
{quote} My Renko trading EAs are programmed to work on non-gap and rail-to-rail Renko charts. Here is a method to backtest my EAs: https://www.forexfactory.com/showthread.php?t=572375
OK, thank you, really interesting method. Are you sure it works for you?
  • #925
  • Jul 18, 2018 6:39am Jul 18, 2018 6:39am
Quoting Halley
{quote} OK, thank you, really interesting method. Are you sure it works for you?
You are welcome!
This method works fine but I use another method based on real ticks.
Trading is the hardest way to make easy money...
  • #926
  • Jul 22, 2018 8:47am Jul 22, 2018 8:47am
Quoting MathTrader7
{quote} You are welcome! This method works fine but I use another method based on real ticks.
Can you describe your method, please?
  • #927
  • Edited 12:03pm Jul 22, 2018 11:36am | Edited 12:03pm
Quoting xenol
{quote} Can you describe your method, please?
My method integrates Renko creator function into the code of EA. The Renko bricks are built from real ticks and saved in the memory. The indicators of use will be applied to the bricks in the memory for which I have a library of non standard indicators...
Trading is the hardest way to make easy money...
  • #928
  • Jul 22, 2018 12:23pm Jul 22, 2018 12:23pm
Quoting MathTrader7
{quote} My method integrates Renko creator function into the code of EA. The Renko bricks are built from real ticks and saved in the memory. The indicators of use will be applied to the bricks in the memory for which I have a library of non standard indicators...
Hi M7 i have sent you a pm regarding the issue i mentioned yesterday i checked out your proffie and found you here pls help
  • #929
  • Jul 22, 2018 12:24pm Jul 22, 2018 12:24pm
Quoting Slingshots1
{quote} Hi M7 i have sent you a pm regarding the issue i mentioned yesterday i checked out your proffie and found you here pls help
I replied to your PM. Do not write here in this regard anymore.
Trading is the hardest way to make easy money...
  • #930
  • Edited 7:37am Jul 29, 2018 4:20am | Edited 7:37am
Quoting MathTrader7
{quote} My method integrates Renko creator function into the code of EA. The Renko bricks are built from real ticks and saved in the memory. The indicators of use will be applied to the bricks in the memory for which I have a library of non standard indicators...
Thank you. I implemented what you wrote and now I see that backtest on your method and by RenkoCSV indicator are different. Renko in memory became real and EA always sucks. Can you help, how you implements indicators on Renko array in memory. It is not secret with MA - we have iMAonArray method, but on others, like adx or heiken ashi ? Thank you for your answer.
  • #931
  • Jul 29, 2018 9:38am Jul 29, 2018 9:38am
hi all. nice thread here. Im new to forex well. Lets get rich quickly yehey!!
  • #932
  • Jul 29, 2018 12:07pm Jul 29, 2018 12:07pm
Ive always liked Renko charts and found nice ways of catching long trends but sideways markets would destroy all the nice gains. Are there any posts in here that discuss how to avoid this?

Anyone here using Renko charts successfully and profiting?
Also what Risk/Reward/Ratio and Win-rate do you guys have using Renkos?
  • #933
  • Jul 29, 2018 3:24pm Jul 29, 2018 3:24pm
Quoting xenol
{quote} Thank you. I implemented what you wrote and now I see that backtest on your method and by RenkoCSV indicator are different. Renko in memory became real and EA always sucks. Can you help, how you implements indicators on Renko array in memory. It is not secret with MA - we have iMAonArray method, but on others, like adx or heiken ashi ? Thank you for your answer.
You're welcome!
For the indicators that there exists no iXXXonArray() function, you need to implement them as functions yourself...
Trading is the hardest way to make easy money...
  • #934
  • Jul 29, 2018 3:40pm Jul 29, 2018 3:40pm
Quoting MathTrader7
{quote} You're welcome! For the indicators that there exists no iXXXonArray() function, you need to implement them as functions yourself...
any of your EAs are profitable??
  • #935
  • Jul 29, 2018 4:20pm Jul 29, 2018 4:20pm
Quoting ordosgoitia
{quote} any of your EAs are profitable??
Some people use RenkoADX EA with some manual intervention successfully.
Trading is the hardest way to make easy money...
  • #936
  • Aug 4, 2018 8:47am Aug 4, 2018 8:47am
Quoting MathTrader7
{quote} Some people use RenkoADX EA with some manual intervention successfully.
What condition do you use for ADX entry ?
  • #937
  • Aug 17, 2018 1:31am Aug 17, 2018 1:31am
Good day MathTrader7.

I have put together the system below from indicators I have found, I included the indicators and the templates.
I follow the buy and sell arrows in the "Oil Arrows" indicator to enter a trade on the Renko charts(I use the renko creator from your feed). The system works well on 30M timeframe, but renko charts gives me a better entry, so I follow the trade on candle stick charts as well to get the best exit opportuny.

The system can be trade by only using the "Oil Arrows" Indicator, because if you decide to have a look you will see that there are some losses but a win is quite large as you can see from the "Candles" and "Renko" jpegs.

If you like this system please let me know how it can be improved or even automated.

Thank you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Candles 1.JPG Size: 97 KB
Click to Enlarge Name: Renko 1.JPG Size: 145 KB
Attached File(s)
File Type: tpl Candles Oil.tpl   10 KB | 309 downloads
File Type: ex4 FastTMALine.ex4   9 KB | 296 downloads
File Type: mq4 Oil Arrows.mq4   3 KB | 403 downloads
File Type: ex4 PivotsDaily v2.ex4   6 KB | 305 downloads
File Type: tpl Renko Oil.tpl   8 KB | 312 downloads
File Type: mq4 Round.mq4   4 KB | 282 downloads
File Type: ex4 tccialert.ex4   12 KB | 287 downloads
  • #938
  • Aug 26, 2018 8:17am Aug 26, 2018 8:17am
Quoting Henre
Good day MathTrader7. I have put together the system below from indicators I have found, I included the indicators and the templates. I follow the buy and sell arrows in the "Oil Arrows" indicator to enter a trade on the Renko charts(I use the renko creator from your feed). The system works well on 30M timeframe, but renko charts gives me a better entry, so I follow the trade on candle stick charts as well to get the best exit opportuny. The system can be trade by only using the "Oil Arrows" Indicator, because if you decide to have a look you will...

Good day MT7

In the attached picture there is a trade that I did not take(form entry to exit arrow was 200 pips) , because it was 2am here, that is why I think the system will work as an automated system or even if there was alerts on the arrows.
Attached Image (click to enlarge)
Click to Enlarge Name: Candle 24 08.JPG Size: 102 KB
  • #939
  • Aug 26, 2018 12:36pm Aug 26, 2018 12:36pm
Quoting MathTrader7
In this thread we discuss Renko trading strategies and share our trading systems, indicators and EAs. How to create a Renko chart and attach a Renko Trading EA to the chart: 1. Download the Renko chart builder EA (that all my Renko trading EAs need it) from Post 1 of this thread. 2. Open a M1 chart of your selected symbol (for this example, EURUSD). 3. Attach "MathTrader7_RenkoChartCreatorEA.ex4" EA to the M1 chart with the default settings (or adjust them according to your preference)...
mathtrader 7, im trying to put your MathTrader7_RenkoVdubEA.exe all versions on an offline chart and have followed all your instructions, but the EA would not stay on the chart. its a new mt4 version. can you suggest any tips? any other versions? thank you
  • #940
  • Aug 26, 2018 2:23pm Aug 26, 2018 2:23pm
Quoting kalymnos
{quote} mathtrader 7, im trying to put your MathTrader7_RenkoVdubEA.exe all versions on an offline chart and have followed all your instructions, but the EA would not stay on the chart. its a new mt4 version. can you suggest any tips? any other versions? thank you
What is your MT4 build version?
Trading is the hardest way to make easy money...
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