Non-gap Renko Chart Creator EA | Page 33 | Forex Factory

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Non-gap Renko Chart Creator EA

  • #641
  • Jun 5, 2020 4:17am Jun 5, 2020 4:17am
Version 1.66 released (I updated the download section in Post 1). In this version a new input is introduced "Show price jumps?". If you set it to Yes, any jumps in the market price will not be filled with fake Renko bars. This mode shows the real market fluctuation and makes the backtest of Renko strategy even more accurate. See an example chart here.
Trading is the hardest way to make easy money...
  • #642
  • Jun 5, 2020 4:46am Jun 5, 2020 4:46am
Thanks Matt, I will give it a try, Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #643
  • Jun 5, 2020 6:27am Jun 5, 2020 6:27am
Hi Matt, just loaded the new EA, what a difference! It's going to take me a bit of time to work out how to use it compared to the no gap version, I think I will run it on my demo MT4 for a while. Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #644
  • Jun 5, 2020 6:32am Jun 5, 2020 6:32am
Quoting Davidh061
Hi Matt, just loaded the new EA, what a difference! It's going to take me a bit of time to work out how to use it compared to the no gap version, I think I will run it on my demo MT4 for a while. Cheers, Dave
Hi Dave, I had this idea for a while, but I was quite busy with other stuff until I found some time to implement it and see the difference. This version is going to be my favorite way of using Renko charts

/Matt
Trading is the hardest way to make easy money...
  • #645
  • Jun 5, 2020 7:37am Jun 5, 2020 7:37am
Quoting MathTrader7
{quote} Hi Dave, I had this idea for a while, but I was quite busy with other stuff until I found some time to implement it and see the difference. This version is going to be my favorite way of using Renko charts /Matt
Hi Matt

nice! this "show price jumps" feature w works perfect. no lags now at big price moves. thank you
  • #646
  • Jun 9, 2020 1:47pm Jun 9, 2020 1:47pm
Quoting so_what
{quote} Hi Matt nice! this "show price jumps" feature w works perfect. no lags now at big price moves. thank you
I don't understand when I use the new version my charts look like this with the new feature being enabled.
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  • #647
  • Jun 9, 2020 1:53pm Jun 9, 2020 1:53pm
Quoting forexaz
{quote} I don't understand when I use the new version my charts look like this with the new feature being enabled.{image}
Which Symbol? What was the Renko size in points?
it is unlikely the chart you post was created by my Renko creator EA.
Trading is the hardest way to make easy money...
  • #648
  • Jun 9, 2020 1:55pm Jun 9, 2020 1:55pm
Quoting MathTrader7
{quote} Which Symbol? What was the Renko size in points? it is unlikely the chart you post was created by my Renko creator EA.
I am using 200 points brick size on XAUUSD and I am using the newest version you posted on page 1.Why would you say it is unlikely that I am using the renko creator you made? Why would I lie about the issue I am having?
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  • #649
  • Jun 9, 2020 2:08pm Jun 9, 2020 2:08pm
Here is two more screenshots....
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  • #650
  • Jun 9, 2020 2:32pm Jun 9, 2020 2:32pm
Quoting forexaz
{quote} I am using 200 points brick size on XAUUSD and I am using the newest version you posted on page 1.Why would you say it is unlikely that I am using the renko creator you made? Why would I lie about the issue I am having?{image}
200 points Renko brick size is too small size for this mode of operation of my Renko EA when it wants to create history Renko bricks in the absence of real ticks. You need to run the EA for a while to let it collect enough live ticks, or just use larger Renko brick size. I will investigate the problem you are reporting. Thanks!
Trading is the hardest way to make easy money...
  • #651
  • Jun 9, 2020 2:37pm Jun 9, 2020 2:37pm
Quoting MathTrader7
{quote} 200 points Renko brick size is too small size for this mode of operation of my Renko EA when it wants to create history Renko bricks in the absence of real ticks. You need to run the EA for a while to let it collect enough live ticks, or just use larger Renko brick size. I will investigate the problem you are reporting. Thanks!
My chart has been open for a while but I will keep it open a bit longer to see. I have tried a variety of different brick sizes up to 2000 and still not displaying correctly on XAUUSD chart.
  • #652
  • Jun 9, 2020 2:44pm Jun 9, 2020 2:44pm
Quoting forexaz
{quote} My chart has been open for a while but I will keep it open a bit longer to see. I have tried a variety of different brick sizes up to 2000 and still not displaying correctly on XAUUSD chart.
I used 200 points (XAUUSD) and Non-gap mode, and everything is working just fine (IC Markets broker),
Attached Image (click to enlarge)
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As I said, it is unlikely that the problem is with my Renko creator EA. There must be something else on your MT4 platform that causes such output.

NOTE: If you set the input settings "Show price jumps?" to Yes, you need to set "Choose Renko Type" to "Non-gap". I will fix this issue in the next versions of the EA. @Forexaz: Thanks for reporting this bug!
Trading is the hardest way to make easy money...
  • #653
  • Jun 9, 2020 2:52pm Jun 9, 2020 2:52pm
Quoting MathTrader7
{quote} I used 200 points (XAUUSD) and Non-gap mode, and everything is working just fine (IC Markets broker),{image}As I said, it is unlikely that the problem is with my Renko creator EA. There must be something else on your MT4 platform that causes such output.
Try switching to rail to rail instead of non gap and see if your chart still displays correctly. My chart displays fine also using non gap setting. Edit....oh ok I did not know we have to use non gap in order for the chart to display correctly using your chart builder. In previous versions rail to rail worked perfectly for me.
  • #654
  • Jun 9, 2020 2:59pm Jun 9, 2020 2:59pm
Quoting forexaz
{quote} Try switching to rail to rail instead of non gap and see if your chart still displays correctly. My chart displays fine also using non gap setting. Edit....oh ok I did not know we have to use non gap in order for the chart to display correctly using your chart builder. In previous versions rail to rail worked perfectly for me.
If you want the EA to produce rail-to-rail, you have to set "Show price jumps?" to No. I will fix this issue in the next versions.
Trading is the hardest way to make easy money...
  • #655
  • Jun 9, 2020 3:03pm Jun 9, 2020 3:03pm
Quoting MathTrader7
{quote} If you want the EA to produce rail-to-rail, you have to set "Show price jumps?" to No. I will fix this issue in the next versions.
I will wait for the new version since I want to use show price jumps set to yes and rail to rail setting.
  • #656
  • Jun 9, 2020 3:24pm Jun 9, 2020 3:24pm
Quoting forexaz
{quote} I will wait for the new version since I want to use show price jumps set to yes and rail to rail setting.
Version 1.67 released (I updated the download section in Post 1). In this version I fixed a bug that caused incorrect chart creation when settings both "Show price jumps?" to "Yes" and "Choose Renko Type" to "Rail to Rail". Thanks to @forexaz for reporting this bug!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: XAUUSD_non_gap.png Size: 84 KB
Trading is the hardest way to make easy money...
  • #657
  • Jun 9, 2020 9:32pm Jun 9, 2020 9:32pm
Thank you.
Learn from your mistakes and march on.
  • #658
  • Jun 10, 2020 6:14am Jun 10, 2020 6:14am
Quoting forexaz
{quote} I don't understand when I use the new version my charts look like this with the new feature being enabled.{image}
hi

i noticed also that charts looks bit "strange" when "Rail to Rail+ show price jumps" is enabeld, but i thought its a "Feature" and not a "Bug" . i like it anyway
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  • #659
  • Jun 10, 2020 1:58pm Jun 10, 2020 1:58pm
Quoting MathTrader7
{quote} Version 1.67 released (I updated the download section in Post 1). In this version I fixed a bug that caused incorrect chart creation when settings both "Show price jumps?" to "Yes" and "Choose Renko Type" to "Rail to Rail". Thanks to @forexaz for reporting this bug! {image} {image}
Thank you !
  • #660
  • Edited 4:43am Jun 12, 2020 3:36am | Edited 4:43am
Quoting MathTrader7
{quote} Version 1.67 released (I updated the download section in Post 1). In this version I fixed a bug that caused incorrect chart creation when settings both "Show price jumps?" to "Yes" and "Choose Renko Type" to "Rail to Rail". Thanks to @forexaz for reporting this bug! {image} {image}
Thank you for continually working on these EA's - it's so appreciated.

I've been using an older version and last night I took a look at the latest 1.67 version. I've noticed the renko bar times now refer to when the bars closed. My older version shows the time as the bar OPEN time.

Was this changed for a reason? It'd be great to be able to choose opened or closed time as my strategy works with time parameters.
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