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Non-gap Renko Chart Creator EA

  • #421
  • Feb 17, 2019 12:08pm Feb 17, 2019 12:08pm
Quoting Liovannix
{quote} YOUR EYES ARE DEFINITELY OPEN BUT LOOKING AT THE WRONG DIRECTION. You have the off-line as shown here but your default is in Bar-charts. See that you select CANDLESTICKS if you want bricks. {image}
Thank you for the kind response.
  • #422
  • Edited 3:43pm Feb 17, 2019 3:04pm | Edited 3:43pm
Quoting trader113
Dear MathTrader7, Could you add median renko as choose renko type in your RenkoMultiChartCreatorEA? Appreciate
The median Renko like standard Renko does not represent true price move in the market, especially in a backtest it is problematic. For this reason I do not use the median Renko charts and won't program it.
Trading is the hardest way to make easy money...
  • #423
  • Feb 18, 2019 3:23am Feb 18, 2019 3:23am
Quoting Silvretta
Hi Dave I do not think it's up to your computer. But what you have already described I had earlier. Maybe you have to uninstall the MT4. But not the login and password data. Only the MT4. Reinstall afterwards. Indicators or EAs are not lost. Everything stays there. I simply uninstalled this with the CCleaner Free. Went without problems.
Hi Silvretta,

Thank you for your advice. It is something I need to look at this week, I would like to get the multi currency version working.

Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #424
  • Feb 18, 2019 10:25pm Feb 18, 2019 10:25pm
Quoting MathTrader7
{quote} The median Renko like standard Renko does not represent true price move in the market, especially in a backtest it is problematic. For this reason I do not use the median Renko charts and won't program it.
Hi MathTrader7

About true price move in the market, do you mean the standard & median renko chart ignore some price until it fulfill to form a new brick? As it doesn’t not present all the price information?

Why M1 & H1 chart in median renko will present slightly different brick? Unlike your non-gap renko no matter in what timeframe i used the non-gap renko still remain the exactly same brick.
  • #425
  • Edited 5:37am Feb 19, 2019 3:22am | Edited 5:37am
Quoting trader113
{quote} Hi MathTrader7 About true price move in the market, do you mean the standard & median renko chart ignore some price until it fulfill to form a new brick? As it doesn’t not present all the price information?
Standard Renko shows a gap of size of the Renko brick from the close of the previous candle to the open of the current candle when the direction of the Renko changes (either from bullish to bearish or from bearish to bullish). Such a gap is unrealistic and doesn't happen in reality. A similar thing happens to the median Renko (which is even worse). Due to these unrealistic gaps, they make the backtest of Standard and Median Renko to be inaccurate since they represent the history far from the real move (fluctuation) of the price.

Quoting trader113
{quote}
Why M1 & H1 chart in median renko will present slightly different brick? Unlike your non-gap renko no matter in what timeframe i used the non-gap renko still remain the exactly same brick.
All Renko builder EAs/Indicators and Scripts (other than mine) that I have tested have been programmed to read the data of the timeframe that users attach them to the chart. However, in theory, we need the highest resolution (every real tick) to reconstruct Renko bricks truely. But since history of real ticks is not available in MT4 platform, the best we can perform is to reconstruct the history using M1 data. My Renko builder, regardless of which timeframe you attach it to a chart, will always reconstruct the Renko history bricks using M1 data.

Hope above answers your questions.

/Matt
Trading is the hardest way to make easy money...
  • #426
  • Feb 19, 2019 4:44am Feb 19, 2019 4:44am
Quoting MathTrader7
{quote} Standard Renko shows a gap of size of the Renko brick from the close of the previous candle to the open of the current candle when the direction of the Renko changes (either from bullish to bearish or from bearish to bullish). Such a gap is unrealistic and doesn't happen in reality. A similar thing happens to the median Renko (which is even worse). Due to these unrealistic gaps, they make the backtest of Standard and Median Renko to be inaccurate since they represent the history far from the real move (fluctuation) of the price. {quote}...
Thanks MathTrader7,

Thanks for explaining this to me. Now I'm clearly understand.

Cheers
  • #427
  • Feb 21, 2019 9:44am Feb 21, 2019 9:44am
Hi Mat,

I am using the latest version of your EA, but find that it sometimes creates a double sized candle i.e. I set my candle to 6 and it starts out with a 12.

Any reason for that plse and can it be overcome?

Thanks for responding.
Hercs
  • #428
  • Feb 21, 2019 2:54pm Feb 21, 2019 2:54pm
Quoting Hercs
Hi Mat, I am using the latest version of your EA, but find that it sometimes creates a double sized candle i.e. I set my candle to 6 and it starts out with a 12. Any reason for that plse and can it be overcome? Thanks for responding.
Read post 1 carefully. You will find your answer.
Trading is the hardest way to make easy money...
  • #429
  • Feb 21, 2019 11:28pm Feb 21, 2019 11:28pm
Quoting MathTrader7
{quote} Read post 1 carefully. You will find your answer.
Thanks for your reply Mat, but I have re-read #Post 1 several times including about history, etc. Even your screen shot shows the 2 candles that you have marked as "double" values and that is all I wanted to understand.
I don't see any explanation for that in your post though.
Otherwise I am satisfied with its performance.
Continued success to you.
H.
Hercs
  • #430
  • Feb 22, 2019 12:26am Feb 22, 2019 12:26am
Quoting Hercs
{quote} Thanks for your reply Mat, but I have re-read #Post 1 several times including about history, etc. Even your screen shot shows the 2 candles that you have marked as "double" values and that is all I wanted to understand. I don't see any explanation for that in your post though. Otherwise I am satisfied with its performance. Continued success to you. H.
You should read the thread first, before you ask. your answer is two posts above your question #425.. f.ck people read!!! is it so hard? :
Quoting MathTrader7
Standard Renko shows a gap of size of the Renko brick from the close of the previous candle to the open of the current candle when the direction of the Renko changes (either from bullish to bearish or from bearish to bullish). Such a gap is unrealistic and doesn't happen in reality. A similar thing happens to the median Renko (which is even worse). Due to these unrealistic gaps, they make the backtest of Standard and Median Renko to be inaccurate since they represent the history far from the real move (fluctuation) of the price. Hope above answers...
  • #431
  • Edited 3:22am Feb 22, 2019 2:54am | Edited 3:22am
Quoting Hercs
{quote} Thanks for your reply Mat, but I have re-read #Post 1 several times including about history, etc. Even your screen shot shows the 2 candles that you have marked as "double" values and that is all I wanted to understand. I don't see any explanation for that in your post though. Otherwise I am satisfied with its performance. Continued success to you. H.
Okay, let's go through Post 1 step by step together:

In the first paragraph it says:
"In standard Renko charts there is a gap of brick size between open of the reverse brick and the close of the previous brick. The Renko creator EA presented here creates a non-gap version of Renko charts."

Now let's look at the first image on Post 1:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM2.png Size: 25 KB


On above image there are two candles with double sizes of the Renko size which are labeled No Gap, right? Okay, now let's read again the bold sentence of the first paragraph I highlighted above,

"The Renko creator EA presented here creates a non-gap version of Renko charts."

Can you draw any conclusion? I understand that it might be hard for some people to figure it out, but I would like to help you to understand the logic behind it.

/Matt
Trading is the hardest way to make easy money...
  • #432
  • Feb 22, 2019 5:11am Feb 22, 2019 5:11am
Quoting MathTrader7
{quote} Okay, let's go through Post 1 step by step together: In the first paragraph it says: "In standard Renko charts there is a gap of brick size between open of the reverse brick and the close of the previous brick. The Renko creator EA presented here creates a non-gap version of Renko charts." Now let's look at the first image on Post 1: {image} On above image there are two candles with double sizes of the Renko size which are labeled No Gap, right? Okay, now let's read again the bold sentence of the first paragraph I highlighted above, "The...
======
Matt, thanks for replying, but a no-gap in my mind is a no-gap and in this case you always get a double candle to the last digit. Not all gaps are equal and that is why I don't understand it. There is no conclusion to be drawn just yet other than that I may be an idiot, which I am not.
Be assured that I read all your posts before you descend on me with expletives to boot; that tells me more about you than what you would like me to know.
I thought my question was a simple one and did not want a few posts' irritation to come out of something so insignificant.
Sorry to have stirred up the S*ONE T in you.
Cheers.
Hercs
  • #433
  • Feb 22, 2019 5:24am Feb 22, 2019 5:24am
Quoting Hercs
{quote} but a no-gap in my mind is a no-gap and in this case you always get a double candle to the last digit.
which means there will be no gap between open of the reverse brick and the close of the previous brick, right?
Trading is the hardest way to make easy money...
  • #434
  • Feb 22, 2019 6:45am Feb 22, 2019 6:45am
Quoting MathTrader7
{quote} which means there will be no gap between open of the reverse brick and the close of the previous brick, right?
Never disputed the gap, Matt.
It is the fact that each gap has the same number of points x 2 that I find incredible.
But that is OK - no need to plug the chicken on this point.
Continued success to you.
H.
Hercs
  • #435
  • Feb 25, 2019 2:49am Feb 25, 2019 2:49am
Hello Math.
I'm trying to understand why Renko missed a 20 pips down.
in settings there is a brick = 2 pips, so it should in any case display it.
I hope you understand what i am talking about
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_7.png Size: 51 KB
Click to Enlarge Name: Screenshot_9.png Size: 124 KB
Click to Enlarge Name: Screenshot_10.png Size: 43 KB
  • #436
  • Feb 25, 2019 3:18am Feb 25, 2019 3:18am
but, if I close the old one and open the new Renko, it looks like it should be.

I will be glad if you tell me why such a problem may arise,


Best regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_11.png Size: 74 KB
  • #437
  • Feb 25, 2019 7:11am Feb 25, 2019 7:11am
Quoting Witcher
Hello Math. I'm trying to understand why Renko missed a 20 pips down. in settings there is a brick = 2 pips, so it should in any case display it. I hope you understand what i am talking about {image} {image} {image}
Hi Witcher!

As it is mentioned in Post 1, Multi-Symbol Renko Chart Creator EA is Experimental and it is highlighted in Post 1 under the section of Multi-Symbol EA that "This works best for Renko brick sizes of greater than 50 points (5pips)."

Please first read Post 1 carefully, and if you didn't find your answer, you are all welcome to ask your questions here.

/Matt
Trading is the hardest way to make easy money...
  • #438
  • Feb 25, 2019 8:02am Feb 25, 2019 8:02am
Quoting MathTrader7
{quote} Hi Witcher! As it is mentioned in Post 1, Multi-Symbol Renko Chart Creator EA is Experimental and it is highlighted in Post 1 under the section of Multi-Symbol EA that "This works best for Renko brick sizes of greater than 50 points (5pips)." Please first read Post 1 carefully, and if you didn't find your answer, you are all welcome to ask your questions here. /Matt


I'm looking for the optimal settings for Renko scalping, so 5 pips and more I use as well,working in different sizes of bricks.
Just a stop loss for 10 pips bricks or more is usually more than 20-30 pips, and that’s too much for me.

Any case,thank you so much for your clarification, patience and work. in six years of working in forex your Renko EA is probably the best for backtesting and working here and now.

/Chris.
  • #439
  • Mar 15, 2019 3:58pm Mar 15, 2019 3:58pm
hello, i would like to know how you do the back tests with your file, i don't have the possibility to test on non stardard time frames
thanks
  • #440
  • Mar 16, 2019 4:39am Mar 16, 2019 4:39am
Quoting fcavaliere
hello, i would like to know how you do the back tests with your file, i don't have the possibility to test on non stardard time frames thanks
Use this:
https://www.forexfactory.com/showthread.php?t=572375
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