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Non-gap Renko Chart Creator EA

  • #361
  • Sep 18, 2018 6:43am Sep 18, 2018 6:43am
Quoting MathTrader7
{quote} Hi Alberto! I think I didn't understand what you are suggesting. Could you come up with some illustration? Best, Matt

Something like this: the body is the same for every candle.

In your non-gap version, the body is doubled when there is a reversal.
Attached Image
  • #362
  • Sep 18, 2018 7:12am Sep 18, 2018 7:12am
Quoting Alberto_Jazz
{quote} Something like this: the body is the same for every candle. In your non-gap version, the body is doubled when there is a reversal. {image}
What you are suggesting is the standard Renko. My non-gap Renko builder uses another concept. You can read Post 1 to find out why I do not use standard Renko charts.
Trading is the hardest way to make easy money...
  • #363
  • Sep 18, 2018 7:55am Sep 18, 2018 7:55am
ok now it's clear!

Sorry for the confusion.
  • #364
  • Sep 19, 2018 3:08am Sep 19, 2018 3:08am
Hi Matt, do you think your version of non-cap Renko charts is better for live and demo trading too, or is it an improvement only for back testing?

Thank you
Alberto
  • #365
  • Sep 19, 2018 4:01am Sep 19, 2018 4:01am
Quoting Alberto_Jazz
Hi Matt, do you think your version of non-cap Renko charts is better for live and demo trading too, or is it an improvement only for back testing? Thank you Alberto
Hi Alberto,

I do believe that my non-gap Renko chart builder is the best to use for both backtesting and live trading.

/Matt
Trading is the hardest way to make easy money...
  • #366
  • Sep 19, 2018 9:07am Sep 19, 2018 9:07am
Hi Math, using your non gap I have a problem in the dates.

As you can see I have October dates. Have I got a problem in my M1 history?

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 25 KB
  • #367
  • Sep 19, 2018 9:44am Sep 19, 2018 9:44am
Quoting Alberto_Jazz
Hi Math, using your non gap I have a problem in the dates. As you can see I have October dates. Have I got a problem in my M1 history? Thank you {image}
What is the size of Renko bricks?
Trading is the hardest way to make easy money...
  • #368
  • Sep 20, 2018 12:46am Sep 20, 2018 12:46am
Quoting MathTrader7
{quote}
What is the size of Renko bricks?
Ok I solved: in history center I deleted the 21 Ocotber row from EURUSD M1 history. I seem now it works.
  • #369
  • Sep 20, 2018 1:40am Sep 20, 2018 1:40am
Hi Matt, I have this error. Could you indicate the reason? Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB
  • #370
  • Sep 20, 2018 3:28am Sep 20, 2018 3:28am
Quoting Alberto_Jazz
Hi Matt, I have this error. Could you indicate the reason? Thank you {image}
Delete MathTrader7_RenkoChartCreatorEA.ex4, download the latest version from Post 1, copy it to the Expert's folder, restart your MT4 platform, and try again.
Trading is the hardest way to make easy money...
  • #371
  • Sep 20, 2018 3:49am Sep 20, 2018 3:49am
Ok fixed. Thank you
  • #372
  • Sep 24, 2018 2:18pm Sep 24, 2018 2:18pm
Whenever I try a backtest using the Rail to Rail option the wicks of the candles (high and low values) appear only after candle close.

So these price ranges are not existent for a live candle. Is this a glitch or am I missing something?

Thanks.
  • #373
  • Sep 24, 2018 3:06pm Sep 24, 2018 3:06pm
Quoting PipsTorrent
Whenever I try a backtest using the Rail to Rail option the wicks of the candles (high and low values) appear only after candle close. So these price ranges are not existent for a live candle. Is this a glitch or am I missing something? Thanks.
I haven't seen this behavior, but I try to reproduce it. It could be a glitch, and if so, I will publish a new fixed version.
Trading is the hardest way to make easy money...
  • #374
  • Oct 11, 2018 6:45am Oct 11, 2018 6:45am
MathTrader7,

I am running your ....RenkoChartCreatorEA and love the simplicity of it, but discovered that not all candles/bars have the same number of points, for instance on a 12-min chart with 12 points box, some are 24 points.
Would you mind telling me why this is the case as it makes the setting of stops very difficult.
Looking forward to hearing from you.
Continued success.
Hercs
  • #375
  • Oct 11, 2018 8:18am Oct 11, 2018 8:18am
Quoting Hercs
MathTrader7, I am running your ....RenkoChartCreatorEA and love the simplicity of it, but discovered that not all candles/bars have the same number of points, for instance on a 12-min chart with 12 points box, some are 24 points. Would you mind telling me why this is the case as it makes the setting of stops very difficult. Looking forward to hearing from you. Continued success.
Hi Hercs,

Please read Post 1. You will find out the answers to your questions.

Best,
Matt
Trading is the hardest way to make easy money...
  • #376
  • Oct 11, 2018 11:07am Oct 11, 2018 11:07am
Quoting MathTrader7
{quote} Hi Hercs, Please read Post 1. You will find out the answers to your questions. Best, Matt
Thanks for replying MathTrader, but I can assure you that I have followed the instructions completely.
What am I missing that the candles have different sizes?
Please be kind enough and explain that to me.
Thanking you in advance.
Hercs
  • #377
  • Oct 11, 2018 2:33pm Oct 11, 2018 2:33pm
Quoting Hercs
{quote} Thanks for replying MathTrader, but I can assure you that I have followed the instructions completely. What am I missing that the candles have different sizes? Please be kind enough and explain that to me. Thanking you in advance.
Could you place an image please?
  • #378
  • Oct 12, 2018 5:20am Oct 12, 2018 5:20am
Quoting Alberto_Jazz
{quote} Could you place an image please?
This is what it looks like:
The candles marked are twice the size in my case 12 vs 6-setting.
Attached Image (click to enlarge)
Click to Enlarge Name: MathTrader7 re different sized candles on Renko.PNG Size: 35 KB
Hercs
  • #379
  • Oct 12, 2018 7:19am Oct 12, 2018 7:19am
The candles marked are twice the size because this is a non gap Renko chart: the bar open level is the previous bar close level.

Whit this kind of Renko, when there is an inversion you don't see an upper or a lower shadow.
  • #380
  • Oct 13, 2018 5:41am Oct 13, 2018 5:41am
Quoting Alberto_Jazz
The candles marked are twice the size because this is a non gap Renko chart: the bar open level is the previous bar close level. Whit this kind of Renko, when there is an inversion you don't see an upper or a lower shadow.
Thanks for replying Alberto, but look at the candles to the right with their wicks such as 3115 and 1495, but the body remains at 6.
Only reason I am asking is regarding stop-placements. Frequently I get stopped out especially when I use a trailing stop, but I guess I should trail the stop manually.
Pleasant weekend.
Hercs
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