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Profitable Renko strategy that needs to be turned into an EA

  • #41
  • Oct 27, 2020 5:25am Oct 27, 2020 5:25am
Quoting FerruFx
{quote} To be frank, I don't know. Never used tester with renko ... Not sure if the tester uses pre-built history or chart builds in real-time during the test. The later would be the equivalent to real-time trading.
Ok make sense....
First thing to do is to download the assets history then enable e.a., select the bar size you want to test, time frame you want the e.a. to convert the rest is straightforward. However please note it has to be open market conditions, not sure if its ticks or what is needed.

It would be good to know if it is the better version meaning as you have explained and if not how to get it that way.
Attached File(s)
File Type: mq4 renko Scalper Wicks EA.mq4   14 KB | 1,082 downloads
R:R "Percentage Focus"
  • #42
  • Oct 27, 2020 5:40am Oct 27, 2020 5:40am
Quoting FerruFx
{quote} To be frank, I don't know. Never used tester with renko ... Not sure if the tester uses pre-built history or chart builds in real-time during the test. The later would be the equivalent to real-time trading.
I have done so many tests with it and would love to know...
Attached Image(s) (click to enlarge)
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R:R "Percentage Focus"
  • #43
  • Oct 27, 2020 6:15am Oct 27, 2020 6:15am
Quoting PrinceJ58
{quote} I have done so many tests with it and would love to know... {image} {image}
Sorry but I currently run out of time to check this ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #44
  • Oct 27, 2020 8:09am Oct 27, 2020 8:09am
Quoting FerruFx
{quote} Keep in mind that what you see back in history isn't what happened in real time ... Renko candles repaint. Just let your chart running 1 full day ... screenshot the chart ... then reload your renko builder and compare the new chart. The reloaded chart will look way more perfect! So if you built your strategy by looking at the history, you will be very disappointed trading it live.
If soo, does it make sense to invest further time in renko on MT4?
  • #45
  • Oct 27, 2020 8:33am Oct 27, 2020 8:33am
Quoting kofix11
{quote} If soo, does it make sense to invest further time in renko on MT4?
My point wasn't to say renko can't work ... I was just pointing out that building a strategy based on historical renko isn't accurate compared to real-time ...

All fine if you find a method working fine in real-time, then you are good.

It's a bit like building a strategy on the ZigZag indicator looking back on chart. What you see back isn't what it was in real-time. That's my point.
MT4/MT5 EAs/Indicators/Alerts coder
  • #46
  • Oct 27, 2020 8:40am Oct 27, 2020 8:40am
Quoting FerruFx
{quote} My point wasn't to say renko can't work ... I was just pointing out that building a strategy based on historical renko isn't accurate compared to real-time ... All fine if you find a method working fine in real-time, then you are good. It's a bit like building a strategy on the ZigZag indicator looking back on chart. What you see back isn't what it was in real-time. That's my point.
Ok. Thanks for the clarification.
  • #47
  • Oct 27, 2020 10:14am Oct 27, 2020 10:14am
Renko method trade profitable?
QUANTUM F2 EA TRADE
  • #48
  • Dec 30, 2022 11:27am Dec 30, 2022 11:27am
Expert Advisor free .... see atached file.
Attached File(s)
File Type: mq4 EA_Renko_JukeMasterIV.mq4   5 KB | 521 downloads
  • #49
  • Jan 25, 2023 3:39pm Jan 25, 2023 3:39pm
Quoting PrinceJ58
{quote} I have done so many tests with it and would love to know... {image} {image}
What settings did you use?
  • #50
  • Feb 5, 2023 5:14am Feb 5, 2023 5:14am
Quoting addtoit
{quote} What settings did you use?
That was a while now, but what I can remember is that the bot didn't operate like the backtest , when I attempted to do forward testing. So maybe ovo version of backtesting tool may work better, I have not gotten it to work, but that's just me, you may find success.
R:R "Percentage Focus"
  • #51
  • Jun 28, 2023 1:32am Jun 28, 2023 1:32am
Is there anyone here be kind to tell me where to find the renko indicator?
  • #52
  • Jun 30, 2023 10:19am Jun 30, 2023 10:19am
Arkananta,
As requested.
cpfleger
Attached File(s)
File Type: ex4 !MTH Renko Chart Builder Indi Ver 05.ex4   42 KB | 343 downloads
File Type: mq4 !MTH Renko Chart Builder Indi Ver 05.mq4   23 KB | 368 downloads
  • #53
  • Last Post: Oct 3, 2024 6:09am Oct 3, 2024 6:09am
Just reviving an old topic for clarification :

If you renko indi only takes into consideration High/Low of hourly, for example, it will uniformise the renko chart and it will look very nice on reload.

If your renko indi takes tick data/1 min high lows you have 2 probabilities :

1. for tick data there is ABSOLUTELY no repaint.
2. for 1 min high lows you will have repaints for the candles that have very high volume/swings.

Most platforms that have native renko build it based on tick data (cTrader) and it will NEVER repaint. In MT4 if you are using continuous streams then you won't even have repainting in whichever timeframe you're in. You just need to have continuous stream of input data instead of High/Low of candle vs HL of previous candle.
Please, just slap me around if I'm being silly ...
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