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Renko Trading Discussion

  • #1,121
  • Nov 14, 2019 3:49pm Nov 14, 2019 3:49pm
Quoting MathTrader7
{quote} Non-gap Renko, EURUSD, 30 points (3 pips) HST file from real ticks (2019.10.01 00:00:00 till 2019.11.11 00:59:55). {file} I used the following settings: {image}
Thank you. But I already have last month of data, I would need at least one year...
  • #1,122
  • Nov 15, 2019 2:16am Nov 15, 2019 2:16am
Hi all!

Previously I mentioned about renko backtesting anomaly.
I found a detailed article about Metatrader backtesting. You could find here: https://www.mql5.com/en/articles/75
  • #1,123
  • Edited 7:25am Nov 15, 2019 6:31am | Edited 7:25am
Would it be possible to view and edit the content of .hst files? Like it can be done with csv using excel? Because by now if I open it is unreadable...
  • #1,124
  • Nov 15, 2019 7:29am Nov 15, 2019 7:29am
Quoting jo24
Would it be possible to view and edit the content of .hst files? Like it can be done with csv using excel? Because by now if I open it is unreadable...
https://www.forexfactory.com/showthr...57#post7250257
  • #1,125
  • Edited Nov 16, 2019 4:14am Nov 15, 2019 11:45am | Edited Nov 16, 2019 4:14am
The attached script converts real ticks (from a CSV file in Birt's CSV2FXT format) to Non-gap/Rail-to-Rail Renko HST file for backtesting. It expects the CSV file to be located in the MT4's MQL4\Files folder and it will save the HST file there as well. This version has a limitation of converting maximum 3,000,000 ticks due to memory allocation.
Attached Image (click to enlarge)
Click to Enlarge Name: MT7_CSV2RenkoHST.png Size: 32 KB
Attached File(s)
File Type: ex4 MT7_CSV2RenkoHST_SC.ex4   79 KB | 475 downloads
Trading is the hardest way to make easy money...
  • #1,126
  • Nov 15, 2019 7:31pm Nov 15, 2019 7:31pm
Quoting MathTrader7
The attached script converts real ticks (from a CSV file in Birt's CSV2FXT format) to Non-gap/Rail-to-Rail Renko HST file for backtesting. It expects the CSV file to be located in the MT4's MQL4\Files folder and it will save the HST file there as well. This version has a limitation of converting 3,000,000 ticks due to memory allocation. {image} {file}
3millions? So we cannot have more than 6 months more or less...
  • #1,127
  • Nov 16, 2019 4:15am Nov 16, 2019 4:15am
Quoting jo24
{quote} 3millions? So we cannot have more than 6 months more or less...
Less than 3,000,000 ticks is possible, more than that is not possible in this version.
Trading is the hardest way to make easy money...
  • #1,128
  • Nov 16, 2019 2:25pm Nov 16, 2019 2:25pm
Quoting MathTrader7
{quote} Less than 3,000,000 ticks is possible, more than that is not possible in this version.
I downloaded ticks, 3 milions are about 3 months...
  • #1,129
  • Edited 6:01pm Nov 16, 2019 5:37pm | Edited 6:01pm
Matt, thank you for this script, but since we cannot make more than a 2 or 3 months .hst per time, so we are forced to split the process of backtesting if we want to test more, if you can with another version of the script, could you please send us an hst of a longer period, like 2 years? ...so that we can make a unique test...
  • #1,130
  • Nov 17, 2019 10:18am Nov 17, 2019 10:18am
Quoting jo24
Matt, thank you for this script, but since we cannot make more than a 2 or 3 months .hst per time, so we are forced to split the process of backtesting if we want to test more, if you can with another version of the script, could you please send us an hst of a longer period, like 2 years? ...so that we can make a unique test...
Attached is a Zip file containing HST files of EURUSD NonGap Renko created by real ticks from 20180101 to 20191115 for Renko sizes 30, 40, 50, 60, 70, 80, 90 and 100 points. Hope this helps people with backtesting Renko strategies.
Attached File(s)
File Type: zip RenkoHST.zip   2.1 MB | 765 downloads
Trading is the hardest way to make easy money...
  • #1,131
  • Nov 17, 2019 11:30am Nov 17, 2019 11:30am
Quoting MathTrader7
{quote} Attached is a Zip file containing HST files of EURUSD NonGap Renko created by real ticks from 20180101 to 20191115 for Renko sizes 30, 40, 50, 60, 70, 80, 90 and 100 points. Hope this helps people with backtesting Renko strategies. {file}
Thanks, but it's broken data: sometimes there are holes and errors among the bricks...this is 3 pips renko:
Attached Image (click to enlarge)
Click to Enlarge Name: errors renko.jpg Size: 115 KB
  • #1,132
  • Edited 12:50pm Nov 17, 2019 12:16pm | Edited 12:50pm
Quoting jo24
{quote} Thanks, but it's broken data: sometimes there are holes and errors among the bricks...this is 3 pips renko: {image}
That's not broken data! It is the limitation of the MT4 platform which has minimum 1 second resolution for time axis of charts. When two (or more) Renko bars have "open time" with less than 1 second difference, the MT4 platform fails to draw them correctly. This happens when we set the Renko size too low. In this case there is a high probability that due to fast moves of the market price (jumps in the ticks) we get two (or more) consecutive Renko bars that occur within less than 1 second. There is no *trivial* fix for it. That's why I use the method I described in this post,
https://www.forexfactory.com/showthr...4#post12613944
Trading is the hardest way to make easy money...
  • #1,133
  • Edited Nov 18, 2019 2:49am Nov 17, 2019 12:31pm | Edited Nov 18, 2019 2:49am
Quoting Hercs
Good morning Matt, I asked a friend of mine from NZ to look at the HalfTrend and here is what he tells me about it. I will also attach this indicator for your perusal and comments although it is an ex4-format, but I am sure he will make the mq4 file available to you via e-mail or other formats of your choosing. It is already running on my Renko chart with obvious visual differences. I am sure the EA coding will be "fooled into believing" that this indicator is the original? Kindly confirm at your convenience. I will report back later this afternoon...
This is Version 1.08 of Hercs Renko EA. In this version two indicators HalfTrend_Open.ex4 and HalfTrend_Close.ex4 are used instead of NRP version. All indicators are embedded to the EA's code. The user can select which HalfTrend indicator (Open or Close) should be used in the input settings.
Attached File(s)
File Type: ex4 MT7_Renko_Hercs_EA.ex4   136 KB | 561 downloads
Trading is the hardest way to make easy money...
  • #1,134
  • Edited 9:11pm Nov 17, 2019 6:52pm | Edited 9:11pm
Quoting MathTrader7
{quote} That's not broken data! It is the limitation of the MT4 platform which has minimum 1 second resolution for time axis of charts. When two (or more) Renko bars have "open time" with less than 1 second difference, the MT4 platform fails to draw them correctly. This happens when we set the Renko size too low. In this case there is a high probability that due to fast moves of the market price (jumps in the ticks) we get two (or more) consecutive Renko bars that occur within less than 1 second. There is no *trivial* fix for it. That's why I use...
Ok...In fact in the 10 pips renko there are not that "errors"...However Matt, if I may ask, when you have time, could you kindly send an USDJPY 10pips No-gap renko? I would like to test a pair with higher volatility...and it could be useful to others for the same reason...
  • #1,136
  • Nov 18, 2019 8:47am Nov 18, 2019 8:47am
Quoting MathTrader7
{quote} This is Version 1.08 of Hercs Renko EA. In this version two indicators HalfTrend_Open.ex4 and HalfTrend_Close.ex4 are used instead of NRP version. All indicators are embedded to the EA's code. The user can select which HalfTrend indicator (Open or Close) should be used in the input settings. {file}
Thank you ever so much Matt.
Paying forward is indeed a wonderful gift that you possess and I exult you for that.
Continued success to you.
Hercs.
Hercs
  • #1,137
  • Nov 18, 2019 10:57am Nov 18, 2019 10:57am
Hi Math, Could you please update RenkoADX_EA to work with last updated meta Trader version ?
Thanks for your efforts
  • #1,138
  • Nov 19, 2019 10:52am Nov 19, 2019 10:52am
Hi Matt,
End of my trading day with the good news that on the US30 I had a long for +50 in the morning and at midday, a short for +48, followed by a short at 16h34 local time for +110pts. No losing trades.
On the DAX30.fs_M3 chart, there were 4 entries long in the morning of which one was -4pts only.
Followed by the 13h19 short for +140pts ( had I left it until the counter signal, that would have taken 20pts off)
All in all a very successful day.
Wishing you a splendid evening.
Hercs.
Hercs
  • #1,139
  • Nov 19, 2019 11:17am Nov 19, 2019 11:17am
Quoting Hercs
Hi Matt, End of my trading day with the good news that on the US30 I had a long for +50 in the morning and at midday, a short for +48, followed by a short at 16h34 local time for +110pts. No losing trades. On the DAX30.fs_M3 chart, there were 4 entries long in the morning of which one was -4pts only. Followed by the 13h19 short for +140pts ( had I left it until the counter signal, that would have taken 20pts off) All in all a very successful day. Wishing you a splendid evening. Hercs.
Hi Hercs!

That's great news! Could you please tell us about your settings, such as Symbols, Renko size, time of trading, money management, etc.? This way other Renko traders would learn from your experience with this EA.

Best,
Matt
Trading is the hardest way to make easy money...
  • #1,140
  • Nov 20, 2019 9:38am Nov 20, 2019 9:38am
Quoting MathTrader7
{quote} Hi Hercs! That's great news! Could you please tell us about your settings, such as Symbols, Renko size, time of trading, money management, etc.? This way other Renko traders would learn from your experience with this EA. Best, Matt
Hi Matt,
Renko-M10 with 10 pts boxes for US30 and HalfTrend @ 1.0.
DAX-M2 with 6 pts boxes - at this stage it is a test to see how well we can manage and it looks pretty damn good too.
I have not tried it out on any other currency yet; I have been asked to test it on Cryptos, but for now, I am over-the-moon with what we have and will leave that for later.
RTH @ 5.
I wait for the London-Open and trade until 17h00 CET mostly.
MM using 1.0 standard Lot contracts as the Platforms don't normally allow one to trade smaller lot sizes with either US30 and DAX.
There is NO stop nor TP at present. I interfere when I see the volume starts diminishing in conjunction with the RTH which will be hugely OB/OS.
Also, I don't leave the EA unattended and certainly not overnight.
If anyone needs more info, please just ask.
Today was nothing short of another successful day - I will post the results in a few minutes.
Best wishes and continued success to you, Matt.
Hercs.
Hercs
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