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Non-gap Renko Chart Creator EA

  • #761
  • Sep 21, 2021 3:37pm Sep 21, 2021 3:37pm
Quoting lostup
math trader renko is so much good , but problem is repainting issue .. and data not same when restart mt4 .. mostly i have to restart 2 times to get non repaiting data ... 2nd sometime it doesnt refesh chart as candlestick .. last week GBPJPY didnt updated in mutli renko 100 value .. candlestick chart and renko chart was not same .. that create alot of fear and issue .. plz solve it ..thankx
The repainting issue has nothing to do with my or anybody else Renko Creator script. As it has been many time mentioned here and there, in MT4 platform we don't have access to history of ticks, so Renko bricks can be only reconstructed from history M1 candles. This loss of information (M1 instead of ticks) is the root cause of difference when you restart your MT4.
Trading is the hardest way to make easy money...
  • #762
  • Sep 22, 2021 3:32am Sep 22, 2021 3:32am
Quoting lostup
math trader renko is so much good , but problem is repainting issue .. and data not same when restart mt4 .. mostly i have to restart 2 times to get non repaiting data ... 2nd sometime it doesnt refesh chart as candlestick .. last week GBPJPY didnt updated in mutli renko 100 value .. candlestick chart and renko chart was not same .. that create alot of fear and issue .. plz solve it ..thankx

to avoid this "repainting issue" just set up a VPS that run 24h a day.... as I do
important think just set number of bars/objects in history in MT4 settings not too high as it will slow down you MT4 after some time...
and as i do just restart once per month MT4 to clean out MT4 history
greets
  • #763
  • Sep 30, 2021 6:52pm Sep 30, 2021 6:52pm
Hello Math!

Man, I'm such a big fan of your work! Kudos!! I found your non-gap Renko builder while looking for a way to backtest Renko bars. This thread has been very useful to me. All the questions I had were answered in the thread (I read everything from post 1 ). I'm currently running backtests on my ea's and forward testing on demo's. I guess the only question I have for you and other Renko veterans is: have you found a close correlation between backtest results and forward tests. Thanks a lot for your wonderful work. Hats off!!
  • #764
  • Oct 1, 2021 2:36am Oct 1, 2021 2:36am
but Math Ur just amazing bandle of thankx huge thankx to u .... specially for multi pair renko

but plz can u tell me how to solve this issue .. when install new mt4 or when mt4 doesnt show so much history renko bricks ? how to get so much history renko bricks ????
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  • #765
  • Oct 1, 2021 2:44am Oct 1, 2021 2:44am
Quoting lostup
but Math Ur just amazing bandle of thankx huge thankx to u .... specially for multi pair renko but plz can u tell me how to solve this issue .. when install new mt4 or when mt4 doesnt show so much history renko bricks ? how to get so much history renko bricks ????{image}
You need to download history data. One way is to use "History Center" from "Tools" menu, like this,
Attached Image
Trading is the hardest way to make easy money...
  • #766
  • Oct 1, 2021 2:51am Oct 1, 2021 2:51am
Quoting Investitude
Hello Math! Man, I'm such a big fan of your work! Kudos!! I found your non-gap Renko builder while looking for a way to backtest Renko bars. This thread has been very useful to me. All the questions I had were answered in the thread (I read everything from post 1 ). I'm currently running backtests on my ea's and forward testing on demo's. I guess the only question I have for you and other Renko veterans is: have you found a close correlation between backtest results and forward tests. Thanks a lot for your wonderful work. Hats off!!
Hi Investitude,

The correlation is highly dependent on the way of preparing history Renko data and the backtest. I can tell the the best way (highest correlation between the backtest and the forward test) is to use real ticks (there are scripts to enable real ticks backtest for MT4), set Period to M1, Model to Every Tick and build Renko bricks in the EA code that you're testing by each and every tick that your EA receives, then apply indicators to the Renko bricks (that have been saved already in the memory) and perform the trading operation based on the strategy of yours. I do this for the ideas that show some promising results. This is the most difficult but accurate way of back-testing Renko EAs.

Nevetheless, for an initial backtest I just use real ticks to create M1 HST files, and backtest on that, which is not as accurate as the above method, but is very good for a quicker and simpler backtesting the whole idea behind the EA.

Hope this helps!
Matt
Trading is the hardest way to make easy money...
  • #767
  • Oct 1, 2021 5:59am Oct 1, 2021 5:59am
Quoting MathTrader7
{quote} Hi Investitude, The correlation is highly dependent on the way of preparing history Renko data and the backtest. I can tell the the best way (highest correlation between the backtest and the forward test) is to use real ticks (there are scripts to enable real ticks backtest for MT4), set Period to M1, Model to Every Tick and build Renko bricks in the EA code that you're testing by each and every tick that your EA receives, then apply indicators to the Renko bricks (that have been saved already in the memory) and perform the trading operation...
Yes that indeed is the most accurate way. One thing though, I,m not a programmer by trade. So my programming is limited but I have a lot of time in my hands. So could you perhaps show me how to implement that in a code and I will tussle with it until I get it right? I would very much appreciate it.
  • #768
  • Edited 12:04pm Oct 4, 2021 10:52am | Edited 12:04pm
Quoting Investitude
{quote} Yes that indeed is the most accurate way. One thing though, I,m not a programmer by trade. So my programming is limited but I have a lot of time in my hands. So could you perhaps show me how to implement that in a code and I will tussle with it until I get it right? I would very much appreciate it.
Sorry, I have no time nor willing to start such heavy subject at this time. Maybe in the future...
Trading is the hardest way to make easy money...
  • #769
  • Oct 4, 2021 11:50am Oct 4, 2021 11:50am
Quoting MathTrader7
{quote} The repainting issue has nothing to do with my or anybody else Renko Creator script. As it has been many time mentioned here and there, in MT4 platform we don't have access to history of ticks, so Renko bricks can be only reconstructed from history M1 candles. This loss of information (M1 instead of ticks) is the root cause of difference when you restart your MT4.
It's not a 'repainting' issue in the way some indicators repaint, giving the illusion of accuracy and effectiveness where it doesn't exist real time. IMO, a non-issue.
  • #771
  • Oct 4, 2021 9:28pm Oct 4, 2021 9:28pm
Quoting Investitude
I've seen some people asking about a Renko creator for MT5. I do having a working Renko creator for MT5 that I found somewhere on the net. I've been using it for a week or so, and it aslo has an option for non-gap Renko as well.
Investitude,

Can you share it or point on the direction where I could find one that works.

I know the KT one doesn't work as expected.
  • #772
  • Oct 5, 2021 2:47am Oct 5, 2021 2:47am
Hello Mathtrader7
I made my own ea, working with renko bars
ı have some problem with this renko bar;

1-I attach the ea to renko offline chart.
2-close mt4, wait until new bar is formed and re open mt4
3-Then Ea not working
can you help me about this ?
ı use renkochartcreatorea 1.53, renkolivecharts_pimped_v4_13,mathtrader7_renkochartcreatorea 1.67
  • #773
  • Oct 7, 2021 10:28am Oct 7, 2021 10:28am
Quoting so_what
{quote} to avoid this "repainting issue" just set up a VPS that run 24h a day.... as I do important think just set number of bars/objects in history in MT4 settings not too high as it will slow down you MT4 after some time... and as i do just restart once per month MT4 to clean out MT4 history greets
do you have a cheap rent for your vps and do you have a tutorial to set up one?
  • #774
  • Oct 8, 2021 7:04am Oct 8, 2021 7:04am
Quoting mrsn76
Hello Mathtrader7 I made my own ea, working with renko bars ı have some problem with this renko bar; 1-I attach the ea to renko offline chart. 2-close mt4, wait until new bar is formed and re open mt4 3-Then Ea not working can you help me about this ? ı use renkochartcreatorea 1.53, renkolivecharts_pimped_v4_13,mathtrader7_renkochartcreatorea 1.67
I really don't understand why you close MT4 and then you wait until new bar is formed!
Trading is the hardest way to make easy money...
  • #775
  • Oct 8, 2021 8:00am Oct 8, 2021 8:00am
Hi, do you have any ideas why some of the bars in the xls file are not loaded?
For example in the picture between 2020.08.13 13:07 and the 2020.08.13 14:49 is there a bar with time 2020.08.13 14:47.
I dont see any difference between the data lines.

Thank you.
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  • #776
  • Oct 10, 2021 3:07am Oct 10, 2021 3:07am
Quoting Ieis5
{quote} do you have a cheap rent for your vps and do you have a tutorial to set up one?
I run private VPS by my friends so I can not guide you anything

but ask you broker they often have cooperations with VPS providers or search thru internet "metatrader vps"
plenty VPS providers offer you full package with metatrader setup inclusive
about price: low price = weak hardware, higher price= better hardware... so you have to find out by yourself what offer fit your needs

MT7: sorry to be offtopic here...
  • #777
  • Oct 18, 2021 3:49am Oct 18, 2021 3:49am
Quoting MathTrader7
{quote} I really don't understand why you close MT4 and then you wait until new bar is formed!
Hi mate i have installed everything but the Ea haven’t taken trade yet plz help and also how to adjust the lot size on the EA version 1.68

Regards
  • #778
  • Oct 18, 2021 3:50am Oct 18, 2021 3:50am
Quoting Deepak01
{quote} Hi mate i have installed everything but the Ea haven’t taken trade yet plz help and also how to adjust the lot size on the EA version 1.68 Regards
This EA doesn't trade! It just creates Renko charts.
Trading is the hardest way to make easy money...
  • #779
  • Oct 18, 2021 4:14am Oct 18, 2021 4:14am
Quoting MathTrader7
{quote} This EA doesn't trade! It just creates Renko charts.
Ok so we have to trade manually ? Is there any trading system where ranko Ea can trade ?
  • #780
  • Oct 18, 2021 4:16am Oct 18, 2021 4:16am
Quoting Deepak01
{quote} Ok so we have to trade manually ?
Either manually or attach a Renko Trading EA to the offline chart that has been generated by non-gap Renko Create EA.
Trading is the hardest way to make easy money...
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