{quote} What is the rules for this EA ?
https://www.forexfactory.com/showthr...9#post12868619
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- #1,325
- Apr 24, 2020 5:42am Apr 24, 2020 5:42am
- Joined Aug 2014 | Status: Trading | 2,163 Posts
Trading is the hardest way to make easy money...
Hi everyone,
I'm totally new to Renko charts. And I'm having a problem. Can anyone help?
I downloaded the STG Renkochart 1.09 indicator a few hours ago and used it on a M1 chart. Everything is working fine. Almost.
But just a few moments ago, I realized that on my regular time-based M1 chart, the GBPUSD swing low of today (May 20th, 2020) is 1.22214 (@ 10:37 AM, IC Markets server time)
On the 10 pip brick size Renko chart, the low of today is 1.22274. That's a 6 pip difference which, imho, is huge.
Does anyone know what is causing this?
Does it have to do with Renko indicator using historical data vs using live data?
Or does it have to do with the small gap between the 10:34 and 10:35 candle which the STG Renkochart doesn't know how to handle? It's a 0.4 pip gap.
Am I missing something?
I'd really appreciate your help. : )
Here's the regular 1 minute chart with the correct low @ 1.22214
And here's the STG Renkochart with a different low @ 1.22274
I'm totally new to Renko charts. And I'm having a problem. Can anyone help?
I downloaded the STG Renkochart 1.09 indicator a few hours ago and used it on a M1 chart. Everything is working fine. Almost.
But just a few moments ago, I realized that on my regular time-based M1 chart, the GBPUSD swing low of today (May 20th, 2020) is 1.22214 (@ 10:37 AM, IC Markets server time)
On the 10 pip brick size Renko chart, the low of today is 1.22274. That's a 6 pip difference which, imho, is huge.
Does anyone know what is causing this?
Does it have to do with Renko indicator using historical data vs using live data?
Or does it have to do with the small gap between the 10:34 and 10:35 candle which the STG Renkochart doesn't know how to handle? It's a 0.4 pip gap.
Am I missing something?
I'd really appreciate your help. : )
Here's the regular 1 minute chart with the correct low @ 1.22214
And here's the STG Renkochart with a different low @ 1.22274
- #1,339
- Edited 7:54am May 20, 2020 7:40am | Edited 7:54am
{quote} Hi Bippo, that is quite a big descrepancy, I get small differences at times but nothing like that.
Another question. May I ask what kind of discrepancies you're occasionally getting? Are we talking about 0.2 - 1.2 pips? Is that normal? I'm using Mathtrader7's Renko EA right now and I'm getting a discrepancy of 1.2 pips comparing the regular M1 chart low of May 19th, 23:42 (Broker: IC Markets) which is 1.22345 vs Mathtrader7's M3-based 10pip brick size chart low of 1.22333.
Are these discrepancies just something traders who trade MT4 renko charts accept, or is there something wrong on my end? If it's the former, I will gladly accept this too and focus on making money instead of being a nitpicker. : )
Regular M1 chart low of 1.22345
Mathtrader7's M3-based 10pip brick size chart low of 1.22333
{quote} Well, in a first place, the big disruption regards the DATES in addition to the PRICE... The non Renko screenshot is for 20 of may whereas the Renko chart is on the 19 of may... And looking at my GBPUSD M1 chart of the 19 of may, the price does not touch the 1.22214 at this very time. What happened so far??? Can't tell. I never used your Renko chart maker, sorry.
I know the dates at the bottom are not equal, and it may look like the dates are different in the first batch of screenshots I posted (my post here). But I can assure you: if I hover my mouse on both candles, the information "pop-up" (O H L C + Volume) says that both candles (and therefore both lows) are from May 20th. Since Renko isn't an official feature of MT4, I just assumed that the wrong dates on the time scale are just something that traders who use STG Renkocharts have to deal with.
