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Non-gap Renko Chart Creator EA

  • #581
  • Feb 9, 2020 2:07am Feb 9, 2020 2:07am
Quoting yasin123
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 {image} {image} {image}
I like this idea, however I would like to change the size of bullish/bearish candles automatically based on some measure indicating the bias of the market. I will come back with a newer version whenever I have something to share.
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  • #582
  • Feb 12, 2020 8:09am Feb 12, 2020 8:09am
Dear MathTrader7,
Can you please suggest an indicator which works great with Renko for buy and sell .
Thanks in advance.

Regards
  • #583
  • Feb 12, 2020 9:00am Feb 12, 2020 9:00am
Quoting bsedoha
Dear MathTrader7, Can you please suggest an indicator which works great with Renko for buy and sell . Thanks in advance. Regards
Unfortunately, there exists no such indicator ;-)
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  • #584
  • Feb 14, 2020 12:04pm Feb 14, 2020 12:04pm
Hello, I have been watching your work for many years, I appreciate your RENKO graphics, I have found some new RENKO graphics, I hope you compile the same RENKO, that is, the big brick is the length of the small brick 2 Times! Thank you very much and hope to see your work immediately! !! !! !!
Attached Image (click to enlarge)
Click to Enlarge Name: 6RR2T91NAA6KCTNZN4.png Size: 24 KB
  • #585
  • Feb 14, 2020 2:00pm Feb 14, 2020 2:00pm
Quoting dylanzen
Hello, I have been watching your work for many years, I appreciate your RENKO graphics, I have found some new RENKO graphics, I hope you compile the same RENKO, that is, the big brick is the length of the small brick 2 Times! Thank you very much and hope to see your work immediately! !! !! !! {image}
What is the benefit of this type of Renko?
Trading is the hardest way to make easy money...
  • #586
  • Feb 16, 2020 7:38am Feb 16, 2020 7:38am
MathTrader7。Hello, this can better implement fund management, thank you very much！！
  • #587
  • Feb 24, 2020 5:51am Feb 24, 2020 5:51am
Quoting Agima
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.
Quoting MathTrader7
Due to MT4 limitations for indicators, it has to be in EA format to not miss any tick...
@MathTrader7, This is a very interesting point I was not aware of. Actually I had never experienced in live such an issue (missing ticks) with a Renko Custom indicator. The only fact of how the indicator is designed is the fact that the weakness of a renko indicator (as custom indicator or EA as well), at start up, will only work out your renko chart output by considering the main 4 points of a time based sample (Open High Low Close) This weakness is accentuated by the pair timeframe/brick size. I mean, if you choose to convert into 2pips renko a daily chart, you will probably have huge trends whereas if you convert to a 10 pips renko a M1 chart, you will probably be very close to the reality.
Should the point you mentioned above (limitation of custom indicators over EA) explain the fact that some indicators repaint? I guess not. But about repainting, I have noted that some MT4 indicators use int init(){} and int start(){} whereas other use int OnInit(){} and int OnCalculate(blablabla){}. I don't know whether repainting is somehow linked to this difference in the function names... What is your experience around this?
  • #588
  • Feb 24, 2020 6:04am Feb 24, 2020 6:04am
Quoting FXgenial
{quote} {quote} @MathTrader7, This is a very interesting point I was not aware of. Actually I had never experienced in live such an issue (missing ticks) with a Renko Custom indicator. The only fact of how the indicator is designed is the fact that the weakness of a renko indicator (as custom indicator or EA as well), at start up, will only work out your renko chart output by considering the main 4 points of a time based sample (Open High Low Close) This weakness is accentuated by the pair timeframe/brick size. I mean, if you choose to convert into...
Hi FXgenial,

1. Repainting indicators has nothing to do with OnInit() vs. int init() etc. A repainting indicator modifies the indicators values of previous bars/candles that have been already closed.

2. MT4 platform prioritizes calling EAs over indicators when a new tick arrives.

3. My Renko EA always uses M1 data, regardless of which time frame you attach it to the chart.

Best,
Matt
Trading is the hardest way to make easy money...
  • #589
  • Feb 24, 2020 6:32am Feb 24, 2020 6:32am
Hi MT7,

Quoting MathTrader7
1. Repainting indicators has nothing to do with OnInit() vs. int init() etc. A repainting indicator modifies the indicators values of previous bars/candles that have been already closed.
Well, for repainting, I have the definition you mentioned as well, but I can also see sometimes indicators that when you run them it gives you a specific waveform, and when after many samples you open another occurrence in another window, you will see differences even if during the execution, it does not modify the values in your buffers. Both of these cases are mesmerizing.

Quoting MathTrader7
2. MT4 platform prioritizes calling EAs over indicators when a new tick arrives.
I didn't know. Why the platform prioritizes instead of executing both of them? Where have you found this bit of information?

Quoting MathTrader7
3. My Renko EA always uses M1 data, regardless of which time frame you attach it to the chart.
I have not checked but I believe you. I actually work with gap renko custom indicators. It is easier for me to use an indicator that can generate a Renko in a Timeframe accepted by the strategy tester (I often use as renko outputs M15, H4 or D1, timeframes I never use in other cases).

Thank you for sharing all of this. Pleasure to read you.
  • #590
  • Edited 8:43am Feb 27, 2020 8:32am | Edited 8:43am
Hi
Please add these settings ((MathTrader7_RenkoChartCreatorEA.ex4))
Attached Image (click to enlarge)
Click to Enlarge Name: aks.jpg Size: 148 KB
  • #591
  • Feb 28, 2020 8:24am Feb 28, 2020 8:24am
hello MathTrader7 thanks for your good work and sharing your Renko Ea, however if i attached an alert indicator on the renko chart generated by your EA, once the indicator alert it keeps coming without stop most times hanging the platform even when i open properties and click on offline charts,

please advise
  • #592
  • Feb 28, 2020 12:09pm Feb 28, 2020 12:09pm
Quoting Samalin
hello MathTrader7 thanks for your good work and sharing your Renko Ea, however if i attached an alert indicator on the renko chart generated by your EA, once the indicator alert it keeps coming without stop most times hanging the platform even when i open properties and click on offline charts, please advise
If you share the source code of the indicator I may be able to find the problem.
Trading is the hardest way to make easy money...
  • #593
  • Feb 29, 2020 1:26am Feb 29, 2020 1:26am
thanks a lot, for your wanting to help, i really appreciate all your work, attached is the indicator , this is the only zigzag i find reliable for now

Please i saw your work yesterday (Speedometer point/sec) but was looking for the updated version 1.60, Please kindly refer me which thread to find it
Attached File(s)
File Type: mq4 ZigZag_with_patterns_and_values mtf+alerts.mq4   9 KB | 351 downloads
  • #594
  • Feb 29, 2020 1:28am Feb 29, 2020 1:28am
Quoting MathTrader7
{quote} If you share the source code of the indicator I may be able to find the problem.
thanks for your help
Attached File(s)
File Type: mq4 ZigZag_with_patterns_and_values mtf+alerts.mq4   9 KB | 396 downloads
  • #595
  • Mar 1, 2020 4:18am Mar 1, 2020 4:18am
Quoting Samalin
{quote} thanks for your help {file}
The attached modified version works on my non-gap Renko chart creator without any problem.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM3.png Size: 65 KB
Attached File(s)
File Type: ex4 ZigZag_with_patterns_values_alerts.ex4   30 KB | 1,108 downloads
Trading is the hardest way to make easy money...
  • #596
  • Mar 1, 2020 9:07am Mar 1, 2020 9:07am
Quoting MathTrader7
{quote} The attached modified version works on my non-gap Renko chart creator without any problem. {file} {image}

Please i forgot to mention that i use it on GBP PAIRS i have this repeated noise much GBPAUD i had to write you because i also had it on GBPUSD, GBPNZD please help to check these pairs, i trade GBP Pairs due to the exchange rate and volatility. this repeated noise occur within market days and if there is an opposite signal

then to further reduce choppy market i use 10.0 Renko box size, PLEASE I APPRECIATE YOUR EFFORT please help
  • #598
  • Mar 10, 2020 5:50am Mar 10, 2020 5:50am
Quoting hkfx
{quote} Dear Mathtrader, I am sorry for writing irrelevant here I am new to here and I dont know how to pm you , so i write here. The reverse martingale EA you made is great and has high value. May I make a request. Based on the 1.30 version , make the lot size equal in all new open (0.1, 0.1 ,0.1, 0.1 .....) instead of doubling the lot size ( 0.1, 0.2, 0.4, 0.8.....) . Keep the manual buy/sell function instead of fully automatic. Thank you so much I am looking for your reply
You could write your request in that thread by quoting my original message. The rules of this thread are clearly mentioned in Post 1.
Trading is the hardest way to make easy money...
  • #599
  • Mar 10, 2020 12:16pm Mar 10, 2020 12:16pm
Quoting MathTrader7
{quote} The attached modified version works on my non-gap Renko chart creator without any problem. {file} {image}


Please i forgot to mention that i use it on GBP PAIRS i have this repeated noise much GBPAUD i had to write you because i also had it on GBPUSD, GBPNZD please help to check these pairs, i trade GBP Pairs due to the exchange rate and volatility. this repeated noise occur within market days and if there is an opposite signal

then to further reduce choppy market i use 10.0 Renko box size, PLEASE I APPRECIATE YOUR EFFORT please help

Please i write to remind you Sir, about your NON GAP RENKO CREATOR and the Zigzag
  • #600
  • Mar 10, 2020 12:19pm Mar 10, 2020 12:19pm
Quoting Samalin
{quote} Please i forgot to mention that i use it on GBP PAIRS i have this repeated noise much GBPAUD i had to write you because i also had it on GBPUSD, GBPNZD please help to check these pairs, i trade GBP Pairs due to the exchange rate and volatility. this repeated noise occur within market days and if there is an opposite signal then to further reduce choppy market i use 10.0 Renko box size, PLEASE I APPRECIATE YOUR EFFORT please help Please i write to remind you Sir, about your NON GAP RENKO CREATOR and the Zigzag
Sorry! I cannot help you. I am too busy with work and life these days.
Trading is the hardest way to make easy money...
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