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Non-gap Renko Chart Creator EA

  • #561
  • Dec 4, 2019 2:20am Dec 4, 2019 2:20am
@MathTrader7
I have several questions for you about your wonderful work on MathTrader7_RenkoChartCreatorEA:

1°) Could you convert your EA into an indicator with the possibility to indicate the pair for the renko ?
This would allow the indicator to be put several times on the same graph to produce all the offline data of several pairs rather than having to open as many graphs as pairs as is currently the case with an EA.

2°) Have you planned a MT5 version that would use Custom Symbols instead of offline data?

Thanks again to you for all the work you have done.
  • #562
  • Dec 26, 2019 10:18am Dec 26, 2019 10:18am
Quoting MathTrader7
{quote} Hi, I will release a modified non-gap Renko Creator EA that will save the Renko chart as an HST file of M1 timeframe so that you can use it for backtesting Renko EAs...

I can not wait?
When do you plan to upload this change?

Thank you
  • #563
  • Dec 26, 2019 1:35pm Dec 26, 2019 1:35pm
Quoting 90patrick
{quote} I can not wait? When do you plan to upload this change? Thank you
Visit this post:
https://www.forexfactory.com/showthr...1#post12628241
Trading is the hardest way to make easy money...
  • #564
  • Dec 26, 2019 1:40pm Dec 26, 2019 1:40pm
Quoting Agima
1°) Could you convert your EA into an indicator with the possibility to indicate the pair for the renko ? This would allow the indicator to be put several times on the same graph to produce all the offline data of several pairs rather than having to open as many graphs as pairs as is currently the case with an EA.
Due to MT4 limitations for indicators, it has to be in EA format to not miss any tick...

Quoting Agima
2°) Have you planned a MT5 version that would use Custom Symbols instead of offline data? Thanks again to you for all the work you have done.
No, not at the moment...
Trading is the hardest way to make easy money...
  • #565
  • Edited 2:30pm Dec 26, 2019 2:19pm | Edited 2:30pm
Quoting MathTrader7
{quote} Due to MT4 limitations for indicators, it has to be in EA format to not miss any tick...
There is a way around this issue for indicators but you would need an additional MQL library. During init cycles in deinit() you can cache collected ticks in the library, and in init() you can get them back from there. So no ticks are lost. The question being is it worth the additional work? I guess only very few people would use it. In my indicator I write 64 separate history files tick by tick, without losing a single tick on switching timeframes.

Thank you anyway.
It takes blood, sweat and enough tears to wash away the blood.
  • #566
  • Dec 26, 2019 2:53pm Dec 26, 2019 2:53pm
Quoting emmzett
{quote} There is a way around this issue for indicators but you would need an additional MQL library. During init cycles in deinit() you can cache collected ticks in the library, and in init() you can get them back from there. So no ticks are lost. The question being is it worth the additional work? I guess only very few people would use it. In my indicator I write 64 separate history files tick by tick, without losing a single tick on switching timeframes. Thank you anyway.
Interesting! Is the library free to download somewhere?
Trading is the hardest way to make easy money...
  • #567
  • Edited 4:02pm Dec 26, 2019 3:27pm | Edited 4:02pm
Quoting MathTrader7
{quote} Interesting! Is the library free to download somewhere?
Yes, all my MQL work is open-source: https://github.com/rosasurfer

The library header is here: rsfHistory.mqh, the implementation is here: rsfHistory.mq4
As you will see it does a lot more then you would need for the Renko creator. The history part is just a standard implementation of the well-known format. Essentially an indicator sends each tick immediately into the library and doesn't care about init cycles anymore, as the library handles everything. Years ago I implemented the above mentioned mechanism of "store in libary at deinit/fetch from library at init" which works but leaving everything to the library is even better. Under normal circumstances a library doesn't go through init cycles even if the parent module (the indicator) does. So a library can act as runtime storage container for volatile indicator runtime data. There are some specialties to pay attention to for strings and static variables, but the general statement is true for scalar types (an MQL string is not a scalar).

The indicator using the library (the one writing 64 HST files) is here and can be seen in action here: Is it possible to create a new custom symbol in MT4, 2nd screenshot, 2 instances - the gray boxes.

To @all: The limitation of 64 comes from the fact that a single MQL module can manage at most 64 open files at the same time. To overcome this limitation one has to use a DLL where no limits apply at all.
It takes blood, sweat and enough tears to wash away the blood.
  • #568
  • Dec 27, 2019 2:25am Dec 27, 2019 2:25am
Hello MathTrader,

Thanks a lot for the awesome renko tool ...

Is it possible to set up an pop up alert on color change on the renko bricks ?

Thanks and Happy New Year
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #569
  • Dec 28, 2019 6:53am Dec 28, 2019 6:53am
Hello Matt,
I trust that you are having a well-deserved break and that you had some quality time with your family and friends on Christmas day.
The reason for writing to you is that it seems as if the latest "MathTrader7_RenkoChartCreatorEA" which I downloaded on the 21st of October, has run into some sort of a problem. I have no idea what it could be, but all of a sudden my memory on that chart jumps from a normal ±147 MB to 340 MB and my CPU which normally runs @ 4%, to 35%. Is it possible that something could have gone wrong? Or could you please suggest what I can do to find out whether it is in fact the EA or something else?
Whenever you're around reading messages, please be so kind as to give mine a shout.
Thanking you most sincerely,
Hercs.
Hercs
  • #571
  • Jan 1, 2020 3:50am Jan 1, 2020 3:50am
Quoting MichaelMano
I am using MetaTrader platform and renkolivecharts_pimped_v4_13 thank you all
Blocked according to the thread rules. See Post 1.
Trading is the hardest way to make easy money...
  • #572
  • Jan 24, 2020 11:12pm Jan 24, 2020 11:12pm
hello mathtrader i make ea for renko chart and that ea work well on all renko chart but not work on your renko chart i dont know why but i want that ea work on your renko because your renko dont have bug and its work good so can you help me please .pm me thanks
  • #573
  • Jan 25, 2020 3:53am Jan 25, 2020 3:53am
Quoting arthus
hello mathtrader i make ea for renko chart and that ea work well on all renko chart but not work on your renko chart i dont know why but i want that ea work on your renko because your renko dont have bug and its work good so can you help me please .pm me thanks
If you send me the source code of one of your EAs that works on other Renko charts, I may be able to help you.
Trading is the hardest way to make easy money...
  • #574
  • Jan 25, 2020 8:40pm Jan 25, 2020 8:40pm
Quoting arthus
hello mathtrader i make ea for renko chart and that ea work well on all renko chart but not work on your renko chart i dont know why but i want that ea work on your renko because your renko dont have bug and its work good so can you help me please .pm me thanks
Hi Arthus, I am sorry to tell you that Renko gives this imperfection while processing the data from timeframed chronology. The reason it works on the regular renko chart and not in the non-gap renko chart is actually because of the fact that as an opening point, your strategy tester will consider the open of each candle which in the case of the regular renko chart is erroneous. There is no way you can actually tackle it except if you reprogram your indicators to not consider the gap on MT7 (or other) non gap renko EAs. When you use non-gap renko charts, on one hand, you will have a more realistic behaviour in backtest, on the other hand, the calculation of all your indicators will be different (except if you are based on close prices for each candlestick).

I also had a strategy, quite simple actually, which made me multiply by more than two per month my balance if on regular renko chart and made me lose money on live account and non-gap renko charts. It made scratch my head.

I guess you should try to improve your strategy, base it on long term trends, filter a bit more, add other indicators. Have a look at the very funny Simple moving average, on open prices and a period between 2 and 4, on regular renko charts... When the prices bounce and you have patterns of rising and falling candlestick, you will have a flat moving average on these points, so a derivative (difference between one point and the previous one) = 0.
  • #575
  • Jan 25, 2020 11:24pm Jan 25, 2020 11:24pm
Quoting FXgenial
{quote} Hi Arthus, I am sorry to tell you that Renko gives this imperfection while processing the data from timeframed chronology. The reason it works on the regular renko chart and not in the non-gap renko chart is actually because of the fact that as an opening point, your strategy tester will consider the open of each candle which in the case of the regular renko chart is erroneous. There is no way you can actually tackle it except if you reprogram your indicators to not consider the gap on MT7 (or other) non gap renko EAs. When you use non-gap...
hi friend thanks for suggestions i will try more and fix it finaly if i have source code mathtrader renko chart i can fix it
  • #576
  • Edited 5:26am Jan 26, 2020 4:57am | Edited 5:26am
Quoting MathTrader7
{quote} I will modify my non-gap Renko builder EA such that if you run it in the strategy tester (only in the strategy tester!) you can set M1 timeframe, so that you will get the corresponding Renko HST files in M1 (if you know what I am talking about). I will release a new version with such capability as soon as I have some free time to work on it.... Best, Matt

Good morning, first of all thank the participants for sharing knowledge and solutions in this complicated world of forex.
The truth is that I've been looking for a solution to the issue of Renko Backtests for a long time and it seems that MathTrader7 is about to incorporate this tool into its non-gap generation EA. I can ask the expected date of publication of the new version that incorporates said solution, I hope that this intervention is not taken as a disregard since for my part I have been looking for this tool for a long time or an easy solution that allows me to Backtests of the graphics Renko Eternally grateful and reiterating my apologies in case my question bothers someone
Lordorly
  • #577
  • Jan 26, 2020 10:35am Jan 26, 2020 10:35am
Quoting lordorly
{quote} Good morning, first of all thank the participants for sharing knowledge and solutions in this complicated world of forex. The truth is that I've been looking for a solution to the issue of Renko Backtests for a long time and it seems that MathTrader7 is about to incorporate this tool into its non-gap generation EA. I can ask the expected date of publication of the new version that incorporates said solution, I hope that this intervention is not taken as a disregard since for my part I have been looking for this tool for a long time or an...
Hi, you can use this script until I release a new version of non-gap Renko Chart creator.
Trading is the hardest way to make easy money...
  • #578
  • Jan 26, 2020 11:33am Jan 26, 2020 11:33am
Thanks


lordorly
  • #579
  • Feb 5, 2020 3:12am Feb 5, 2020 3:12am
Mathtrader7 , you are really great by giving this EA for free to Traders. Small request, if possible please make an indicator that shows the Price required to close the Renko bar (The attached indicator shows only Arrows but not displaying the prices automatically on the chart, they shows only by moving cursor on arrows) please modify it or make new indicator.
Attached File(s)
File Type: mq4 range_predictor.mq4   6 KB | 334 downloads
  • #580
  • Edited 4:21am Feb 8, 2020 3:52am | Edited 4:21am
DEAR SIR
MathTrade7
u made excellent rail to rail renko. i m trading in it from last 1 year. i want to update new type of renko that u can do and help me for better trading see attacment

extern input double buy renko=120 point.
extern input double sellrenko=100point.

thanks regards
yasin memon
Attached Image(s) (click to enlarge)
Click to Enlarge Name: reguler point 0 renko.png Size: 121 KB
Click to Enlarge Name: sell point 0 renko.png Size: 112 KB
Click to Enlarge Name: buypoint 0 renko.png Size: 109 KB
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