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Non-gap Renko Chart Creator EA

  • #341
  • Aug 8, 2018 11:31am Aug 8, 2018 11:31am
Quoting rrrisbest
Does anyone know how to get more than 2 days of data? Like maybe a month or at least a couple weeks?
Read Post 1! It is described there.
Trading is the hardest way to make easy money...
  • #342
  • Edited 9:25am Aug 9, 2018 8:37am | Edited 9:25am
Quoting MathTrader7
{quote} Read Post 1! It is described there.
Hey MathTrader, thanks for these indicators and for keeping this thread going!

I tried that method from the first page and it didn't work so I thought maybe some could help me figure out why???

Also I have a couple of questions for you if thats ok.

1. When I loaded the same chart with all the same settings on 2 different days the candles were placed slightly differently? What does this mean exactly?

2. There were a couple of occasions where the chart printed 2 candles of the same colour, I had to close the chart and start it again for them to correct themselves.

Do you know how I could fix these 2 issues?

Thanks

Edit: How much is a point worth in pips? I saw 2 conflicting posts?

Sorry for all the questions, I want to get all this right before trading live.
  • #343
  • Aug 9, 2018 9:29am Aug 9, 2018 9:29am
Quoting rrrisbest
Hey MathTrader, thanks for these indicators and for keeping this thread going! I tried that method from the first page and it didn't work
You're welcome!
Did you try the automated method mentioned in Post 1?

Quoting rrrisbest
1. When I loaded the same chart with all the same settings on 2 different days the candles were placed slightly differently? What does this mean?
Because of not having access to the history of ticks, it is NOT possible to reconstruct the Renko bricks exactly similar starting on different days.

Quoting rrrisbest
2. There were a couple of occasions where the chart printed 2 candles of the same colour, I had to close the chart and start it again for them to correct themselves.
I haven't seen such behavior yet. If you can capture a screenshot and upload it here, I may figure out what the problem could be to fix it.

Quoting rrrisbest
How much is a point worth in pips? I saw 2 conflicting posts?
Depending on the broker's digits, 1 point could have different values regarding a pip. For example, if yours is a 5-digit broker, 1 pip of EURUSD is equal to 10 points.
Trading is the hardest way to make easy money...
  • #344
  • Aug 9, 2018 10:42am Aug 9, 2018 10:42am
Quoting MathTrader7
I haven't seen such behavior yet. If you can capture a screenshot and upload it here, I may figure out what the problem could be to fix it.
Here you go. Maybe its my computer thats slow and clunky?
Attached Image
  • #345
  • Aug 10, 2018 11:08am Aug 10, 2018 11:08am
Quoting rrrisbest
{quote} Here you go. Maybe its my computer thats slow and clunky? {image}
Version 1.61 released (I updated Post 1). The bug reported is fixed.

P.S. @rrrisbest: Thanks for reporting the bug!
Trading is the hardest way to make easy money...
  • #346
  • Aug 10, 2018 10:11pm Aug 10, 2018 10:11pm
Quoting MathTrader7
Version 1.53 of single-symbol Renko creator EA released (I updated Post 1). In this version, the user can select the price type between three choices: Bid, Ask or (Bid+Ask)/2.
What is the reasoning behind the three different price types, if I may ask? And why does the Multi Chart Creator no longer use it?

Thanks for your work.
  • #347
  • Edited 4:07am Aug 11, 2018 2:36am | Edited 4:07am
Quoting PipsTorrent
{quote} What is the reasoning behind the three different price types, if I may ask? And why does the Multi Chart Creator no longer use it? Thanks for your work.
Hi PipsTorrent!

On the same symbol (such as EURUSD), some Renko scalpers (including me) create two Renko charts each is built with different price type - one with Bid prices, and the other with Ask prices. Having those charts side by side visualize the changes in the spread which is itself an indicator for better entry and exit for scalping.

Best,
Matt
Trading is the hardest way to make easy money...
  • #348
  • Aug 30, 2018 8:18am Aug 30, 2018 8:18am
Hi Matt,
I am using your MathTrader7_RenkoChartCreatorEA to create a M6 chart and when I followed your instructions to download more detailed data, I got this warning (see screenshot).
Any suggestions please?
I am trying to get my NonLag_MACD_EA to work on my Renko charts, but without any success. Nwesterhuijs recommended me asking you for advice please.
Looking forward to hearing from you.
Attached Image (click to enlarge)
Click to Enlarge Name: History Centre WARNING.PNG Size: 37 KB
Hercs
  • #349
  • Aug 31, 2018 1:57pm Aug 31, 2018 1:57pm
Quoting Hercs
Hi Matt, I am using your MathTrader7_RenkoChartCreatorEA to create a M6 chart and when I followed your instructions to download more detailed data, I got this warning (see screenshot). Any suggestions please? I am trying to get my NonLag_MACD_EA to work on my Renko charts, but without any success. Nwesterhuijs recommended me asking you for advice please. Looking forward to hearing from you. {image}
Hi Hercs,

You can use the automated method described in Post 1:

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.
Trading is the hardest way to make easy money...
  • #350
  • Sep 3, 2018 8:57pm Sep 3, 2018 8:57pm
Hello Mathtrader7, I´m getting an error, maybe it´s mentioned but couldn find it.

I create Offline Renko and save data on CSV with "Save as" from MT4. (couldn't do it with automated method)

Then, go offline and load the CSV data on M5 or M15 but I get renko with gaps in some candles, like they are out of place.

When I check CSV I see that it happens when I have 3 candles at the same time like "07:43:00" but with different prices.

Thanks a lot.!
  • #351
  • Sep 3, 2018 9:33pm Sep 3, 2018 9:33pm
One more question, please.

As I understand NON gap renko is better for backtesting. So for live renko trading is not? Should I use NON GAP RENKO for Backtesting and other Ea for live?

I´m trying to develop a strategy based on renko, but entries are triggered by EMAs and other indicators, so: Does the NON GAP renko affect the values of EMAs and indicators?

Thank you again, great job!
  • #352
  • Sep 4, 2018 8:27am Sep 4, 2018 8:27am
Quoting MathTrader7
{quote} Hi Hercs, You can use the automated method described in Post 1: 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.
===
Thanks very much, Matt.
The script is a gem.
Will keep you posted regarding the EA working or not.
Continued success to you.
Hercs
  • #353
  • Sep 4, 2018 9:03am Sep 4, 2018 9:03am
Hi Martin,

Quoting martin100181
Hello Mathtrader7, I´m getting an error, maybe it´s mentioned but couldn find it. I create Offline Renko and save data on CSV with "Save as" from MT4. (couldn't do it with automated method) Then, go offline and load the CSV data on M5 or M15 but I get renko with gaps in some candles, like they are out of place. When I check CSV I see that it happens when I have 3 candles at the same time like "07:43:00" but with different prices. Thanks a lot.!
In MT4, if two candles have the same time labels there could be a gap in the chart. This happens when there is a price jump (in a very short time) more than the Renko brick size.

Quoting martin100181
One more question, please. As I understand NON gap renko is better for backtesting. So for live renko trading is not? Should I use NON GAP RENKO for Backtesting and other Ea for live? I´m trying to develop a strategy based on renko, but entries are triggered by EMAs and other indicators, so: Does the NON GAP renko affect the values of EMAs and indicators? Thank you again, great job!
If you would like to have the same results as in the backtest, then you should continue with the same method you used in the backtest for a forward test / live trading, right?

I use non-gap Renko charts for backtesting and if the strategy works well on the backtest, I will use non-gap Renko charts for forward tests / Live trading.

Best,
Matt
Trading is the hardest way to make easy money...
  • #354
  • Sep 6, 2018 2:44am Sep 6, 2018 2:44am
Please, Support MT5 too.
  • #355
  • Sep 7, 2018 2:01pm Sep 7, 2018 2:01pm
Quoting santuri
Please, Support MT5 too.
Yes, that would be great, considering that Metaquotes' support for MT4 might be discontinued sooner or later.
  • #356
  • Sep 11, 2018 1:40pm Sep 11, 2018 1:40pm
Hi guys n Gals ,, I have been using Renko combined with my other time frame charts, and just set up EA from post 1, in the hope it will work and I will not have to sit in front of 3 screens everyday, any suggestions would be good , and my existing Renko chart is good and I can post a pic if you want a peek ,,
  • #357
  • Sep 17, 2018 7:27am Sep 17, 2018 7:27am
Quoting Hercs
{quote} === Thanks very much, Matt. The script is a gem. Will keep you posted regarding the EA working or not. Continued success to you.
Thanks Matt, the EA is finally working.
Could you possibly give me some advice on my EA and if not here, where can I go to please?
Thanks in advance.
Hercs
  • #358
  • Edited 12:39pm Sep 17, 2018 7:50am | Edited 12:39pm
Quoting Hercs
{quote} Thanks Matt, the EA is finally working. Could you possibly give me some advice on my EA and if not here, where can I go to please? Thanks in advance.
Hi Hercs,

I don't know which EA you are referring to, but if your EA is a Renko trader, you can post it in "Renko Trading Discussion" thread under "Trading Discussion" forum.

Best,
Matt
Trading is the hardest way to make easy money...
  • #359
  • Sep 18, 2018 2:11am Sep 18, 2018 2:11am
Hi Math, thank you very much for your Renko Indicators!

Is there the possibility to draw the upper and lower whicks starting from the extreme of the candle to the open of the previous bar?

In this way the body will be the same on every candle. Just a different way to see the candles.

Thank you!
  • #360
  • Sep 18, 2018 2:37am Sep 18, 2018 2:37am
Quoting Alberto_Jazz
Hi Math, thank you very much for your Renko Indicators! Is there the possibility to draw the upper and lower whicks starting from the extreme of the candle to the open of the previous bar? In this way the body will be the same on every candle. Just a different way to see the candles. Thank you!
Hi Alberto!

I think I didn't understand what you are suggesting. Could you come up with some illustration?

Best,
Matt
Trading is the hardest way to make easy money...
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