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Renko Trading Discussion

  • #1,541
  • Jan 13, 2021 3:14am Jan 13, 2021 3:14am
Quoting ancore
Is it possible to use with version 4.00 build 1320? or any plan to upgrade bots in future? ? If not, how can i download any old version as build 1126 ? Thanks in advance
I will recompile all the EAs with the latest build of MT4 and upload them to Post 1.
Trading is the hardest way to make easy money...
  • #1,542
  • Jan 13, 2021 4:55am Jan 13, 2021 4:55am
DAX trade, open at 13925, close at 13890, +34. 10pip and 5 pip bricks
Attached Image (click to enlarge)
Click to Enlarge Name: GER30(£) 13_01c.png Size: 58 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,543
  • Jan 13, 2021 6:55am Jan 13, 2021 6:55am
Quoting Davidh061
DAX trade, open at 13925, close at 13890, +34. 10pip and 5 pip bricks {image}
Lucky you my broker lowered my leverage on CFDs.
Attached Image
  • #1,544
  • Jan 13, 2021 7:06am Jan 13, 2021 7:06am
Quoting Hutch
{quote} Lucky you my broker lowered my leverage on CFDs. {image}
Hi Hutch, that's annoying! It's not as if the market is completely wild at the moment.
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,545
  • Jan 14, 2021 7:37am Jan 14, 2021 7:37am
Slow DAX day, nearly 3hours in a ~30pip channel
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 14_01c.png Size: 60 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,546
  • Jan 26, 2021 7:27am Jan 26, 2021 7:27am
Thank you MathTrader for your great work programming robots for renko candles. If it is not too much trouble, could you tell us if it will take many weeks to recompile the robots? I have an account on a private server, in case you need to test the Holy Grail robot xD
Thank you MathTrader for your great work programming robots for renko candles. If it is not too much trouble, could you tell us if it will take many weeks to recompile the robots? I have an account on a private server, in case you need to test the Holy Grail robot xD
  • #1,547
  • Jan 29, 2021 6:52am Jan 29, 2021 6:52am
DAX +6 and +20 long trades off the 13550 line. 5 pip and 10 pip bricks.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 29_01c.png Size: 53 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,548
  • Feb 2, 2021 1:57pm Feb 2, 2021 1:57pm
Version 1.04 of Renko Meta RSI EA released (I updated Post 1). See a backtest here (10 pips Renko).
Trading is the hardest way to make easy money...
  • #1,549
  • Feb 5, 2021 2:01pm Feb 5, 2021 2:01pm
Good morning, I've been backtesting with renko candles, but it always gives me a lot of mismatched chart errors. Anyone can tell me how can I backtest that of 0 errors?

I have to thank Mathtrader7 and everyone who helps to create renko candle robots.
  • #1,550
  • Feb 9, 2021 8:15am Feb 9, 2021 8:15am
DAX +3, -2 earlier then +14 long from 14015, slow day
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3 09_02.png Size: 53 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,551
  • Feb 10, 2021 7:49am Feb 10, 2021 7:49am
Hi there gang,

I am trying to learn to trade using renko, but got a bit of an issue. I got some kind of EA that makes the renko candles, but it is a complete crap. I open the offline chart and yes it draws the renko bricks, but that's it, they are never updated. In order to see the changes after a certain time, o when logging back in, I need to close that offline chart and generate a new one. And again, I will see renko as of that time, but I will not get new bricks added to it unless I close and open a new offline chart again....

Could anyone be so kind and share with me an actual renko indicator/EA that does work and paint renko candles in real time?
  • #1,552
  • Feb 10, 2021 8:17am Feb 10, 2021 8:17am
Quoting Puccini
Hi there gang, I am trying to learn to trade using renko, but got a bit of an issue. I got some kind of EA that makes the renko candles, but it is a complete crap. I open the offline chart and yes it draws the renko bricks, but that's it, they are never updated. In order to see the changes after a certain time, o when logging back in, I need to close that offline chart and generate a new one. And again, I will see renko as of that time, but I will not get new bricks added to it unless I close and open a new offline chart again.... Could anyone be...
Hi Puccini,
See post #1 of this thread for a Renko EA which is very reliable. I use MathTrader7's non gap Renko all the time for live trading, I've posted a few charts on this thread using this EA. Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,553
  • Feb 10, 2021 8:57am Feb 10, 2021 8:57am
Quoting Davidh061
{quote} Hi Puccini, See post #1 of this thread for a Renko EA which is very reliable. I use MathTrader7's non gap Renko all the time for live trading, I've posted a few charts on this thread using this EA. Cheers, Dave
Great, thanks. Just one question - how come some bricks are double the size?
  • #1,554
  • Feb 10, 2021 9:04am Feb 10, 2021 9:04am
Quoting Puccini
{quote} Great, thanks. Just one question - how come some bricks are double the size?

See MT7's EA thread here for explanation: https://www.forexfactory.com/thread/...art-creator-ea
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,555
  • Feb 11, 2021 5:33am Feb 11, 2021 5:33am
US30 +13 long off 31485, 5 pip bricks
Attached Image (click to enlarge)
Click to Enlarge Name: US30M3 11_02.png Size: 27 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #1,556
  • Feb 11, 2021 12:12pm Feb 11, 2021 12:12pm
Hi Matt,
Here are the results of today's trades before I stopped it due to bad results of the latest MT7_RenkoMetaRsiEA.
The one trade I marked in Red, I intervened otherwise it would have been a hit of the SL.
Kindly comment on these at your convenience.
Hercs.
Attached Image (click to enlarge)
Click to Enlarge Name: Matt re RSi-EA results Feb 11, 2021.PNG Size: 71 KB
Hercs
  • #1,557
  • Feb 11, 2021 4:51pm Feb 11, 2021 4:51pm
Quoting Hercs
Hi Matt, Here are the results of today's trades before I stopped it due to bad results of the latest MT7_RenkoMetaRsiEA. The one trade I marked in Red, I intervened otherwise it would have been a hit of the SL. Kindly comment on these at your convenience. Hercs. {image}
Hi Hercs,

The default input settings of MT7_RenkoMetaRsiEA are optimized for 100 points Renko EURUSD. You need to find the best settings for X points Renko US30.

P.S. There is no guarantee that the EA will be profitable in the future as a backtest on past doesn't necessarily reflects on the future.

/Matt
Trading is the hardest way to make easy money...
  • #1,558
  • Feb 12, 2021 5:21am Feb 12, 2021 5:21am
Quoting MathTrader7
{quote} Hi Hercs, The default input settings of MT7_RenkoMetaRsiEA are optimized for 100 points Renko EURUSD. You need to find the best settings for X points Renko US30. P.S. There is no guarantee that the EA will be profitable in the future as a backtest on past doesn't necessarily reflects on the future. /Matt
Hi Matt,
I am not sure what your 100 pts represent in pips, but I selected 10 pts boxes which is 1000 on my platform as you might recall.
Are you suggesting a 1 pip box?
Sorry, but I just don't get it.
Hercs.
Hercs
  • #1,559
  • Feb 12, 2021 5:24am Feb 12, 2021 5:24am
Quoting Hercs
{quote} Hi Matt, I am not sure what your 100 pts represent in pips, but I selected 10 pts boxes which is 1000 on my platform as you might recall. Are you suggesting a 1 pip box? Sorry, but I just don't get it. Hercs.
On EURUSD (not US30) 100 points is equal to 10 pips for a 5-digit broker.
Trading is the hardest way to make easy money...
  • #1,560
  • Feb 12, 2021 5:55am Feb 12, 2021 5:55am
Slow DAX trade
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 12_02.png Size: 32 KB
Everything should be made as simple as possible, but no simpler - Einstein
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