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Non-gap Renko Chart Creator EA

  • #841
  • Sep 17, 2023 1:41am Sep 17, 2023 1:41am
Quoting scsdavewayne
I tried this beautiful renko mt4 charting EA that you did... It is awesome!!! Do you have any mt5 version available? I would pay for your outstanding work.
Hi,
I don't have any MT5 version. If I create one, I would share it here for free.

/Matt
Trading is the hardest way to make easy money...
  • #842
  • Sep 18, 2023 3:59am Sep 18, 2023 3:59am
Quoting MathTrader7
{quote} Hi, I don't have any MT5 version. If I create one, I would share it here for free. /Matt
Good luck creating one for MT5......
  • #843
  • Sep 25, 2023 6:15am Sep 25, 2023 6:15am
Hi, I have a problem backtesting with Non-gap Renko Chart, basically my EA has a stop loss that trail when a new renko box is formed, the problem is that it calculates the size of the renko box from the non-gap box (the long one) and this cause stop loss and take profit way larger than how it should be.
In other words, if my renko boxes are set to 5 pips, I would like to have a 15 pip trailing stop, but because Non-gap renko box is 10 pip non my stop is set to 30 instead. Do you have any idea on how can fix this problem?
  • #844
  • Sep 27, 2023 9:54am Sep 27, 2023 9:54am
Quoting EScalperi
Hi, I have a problem backtesting with Non-gap Renko Chart, basically my EA has a stop loss that trail when a new renko box is formed, the problem is that it calculates the size of the renko box from the non-gap box (the long one) and this cause stop loss and take profit way larger than how it should be. In other words, if my renko boxes are set to 5 pips, I would like to have a 15 pip trailing stop, but because Non-gap renko box is 10 pip non my stop is set to 30 instead. Do you have any idea on how can fix this problem?
In the input settings of the Renko creator set it to "rail-to-rail". That should solve your problem.

/Matt
Trading is the hardest way to make easy money...
  • #845
  • Nov 10, 2023 7:07am Nov 10, 2023 7:07am
Quoting MathTrader7
{quote} In the input settings of the Renko creator set it to "rail-to-rail". That should solve your problem. /Matt
Hi Matt!

I see you are quite the guy when it comes to Renko charts.

I'm looking for an EA/Indicator which allows you to customize your renko charts and decide the exact amount of pips that goes into continuation or reversal candles.

Like, what if I wanted a renko chart with 2 pips continuation candles and 15 pips reversal candles?

Any help?
It's not over, until I win.
  • #846
  • Nov 29, 2023 1:44pm Nov 29, 2023 1:44pm
Quoting MathTrader7
Version 1.2 of the EA that fixes some bugs released.
Math friend you ok ? im using version 3.35 , its last version of your EA ???
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 117 KB
  • #847
  • Edited 3:51pm Nov 29, 2023 2:56pm | Edited 3:51pm
Quoting mlkdancante
{quote} Math friend you ok ? im using version 3.35 , its last version of your EA ??? {image}
The latest version of RenkoEA is 3.39 and you can download it from the first post of this thread:
https://www.forexfactory.com/thread/...ing-discussion
Trading is the hardest way to make easy money...
  • #848
  • Dec 7, 2023 4:19pm Dec 7, 2023 4:19pm
Hi MathTrader7 , Pivot indicator history dont stick with your Renco ea creator , can you make the creator can work with Pivot indicator
Attached File(s)
File Type: ex4 MathTrader7_RenkoChartCreatorEA.ex4   80 KB | 372 downloads
File Type: mq4 Pivot_Voty.mq4   36 KB | 281 downloads
  • #849
  • Dec 8, 2023 3:26am Dec 8, 2023 3:26am
Quoting Luciel1
Hi MathTrader7 , Pivot indicator history dont stick with your Renco ea creator , can you make the creator can work with Pivot indicator {file} {file}
HI,
It is not designed for Renko chart, so it shall not work on Renko charts
Trading is the hardest way to make easy money...
  • #850
  • Dec 18, 2023 6:31am Dec 18, 2023 6:31am
Thanks for the replay , I will try to ask around see if anyone can make it work
  • #851
  • Apr 10, 2024 7:32pm Apr 10, 2024 7:32pm
Hi MathTrader7,

Is it necessary to put the EA (latest version from 2023) on the M1 chart, or is your product programmed to always grab the smallest available timeframe for that pair = M1?
And a sub-question: is the problem changing the timeframe in the window where the EA is running and is already creating an artificial renko chart M3? Will changing to a coarser M15 or H1 timeframe change the result in any way?
And the last sub-question: after a pause (for example at night), does the EA calculate the M3 chart again from scratch, or does it only recalculate the missing renko candles from the last run?
Thanks for your work and answers.
  • #852
  • Apr 13, 2024 7:20am Apr 13, 2024 7:20am
Quoting 2xs
Is it necessary to put the EA (latest version from 2023) on the M1 chart, or is your product programmed to always grab the smallest available timeframe for that pair = M1? Will changing to a coarser M15 or H1 timeframe change the result in any way?
No, the EA always use the ticks regardless of which timeframe of a chart you attach it to.

Quoting 2xs
And a sub-question: is the problem changing the timeframe in the window where the EA is running and is already creating an artificial renko chart M3?
Well, it could re-initialize the EA. It is better to use one chart for attaching the Renko Generator EA and leave it untouched.

Quoting 2xs
And the last sub-question: after a pause (for example at night), does the EA calculate the M3 chart again from scratch, or does it only recalculate the missing renko candles from the last run?
If the Renko Generator EA for any reason is detached from the chart, it will stop working. The next time you attach the EA, it will generate the past Renko candles using the historical M1 data (since historical ticks are not available in MT4 platform).
Trading is the hardest way to make easy money...
  • #853
  • May 11, 2024 4:03am May 11, 2024 4:03am
Hello MathTrader..
A small request for Renko Generator EA..
I really apreciate if you can add an input like History Depth with multiple options which will tell the EA from which datetime it will start to generate renko charts..
Options might be :
* All available data
* From beginning of month
* From beginning of week
* From beginning of day
* Custom date

also the EA can generate renko for all available M1 history data but reset renko calculation at open price when new month/week/days begins..
This option may allow/let traders later to get what they see before from live renko charts.. (when all M1 data used one may not
get same renko chart after 1 week since M1 history is trimmed by broker)

Thank you..
Hakan
  • #854
  • Jun 5, 2024 10:34am Jun 5, 2024 10:34am
Quoting Luciel1
Dobrý den, MathTrader7, historie ukazatele pivotu se nedrží u vašeho tvůrce Renco ea, můžete tvůrce přimět, aby mohl pracovat s ukazatelem pivotu {file} {file}
If you like this Pivot Indicator, download it. It shows slightly differently from the natural time charts.

(asi by to šlo i tak, že by bral LastHigh a LastLow přímo z denních svící, ale to by bylo třeba se zamyslet)

Attached File(s)
File Type: mq4 Pivot (Month to Month)---mod DaytoDay.mq4   10 KB | 161 downloads

Attached File(s)
File Type: mq4 Pivot (Month to Month).mq4   5 KB | 174 downloads
  • #855
  • Jan 16, 2025 10:12am Jan 16, 2025 10:12am
Hello MT7, let me explain my situation. I’ve developed a Renko EA that I use with standard Renko charts and the OVO.cz indicator. The EA works in demo mode but doesn’t take any trades on a live account. I tested it with your NonGap Renko generator, and the robot works in real conditions with that. However, since these are not standard Renko charts, my strategy is not suitable. I wanted to ask if it’s possible, or if you have a chart generator similar to this but for standard Renko charts? Thank you in advance.
  • #856
  • Jan 17, 2025 4:07am Jan 17, 2025 4:07am
Quoting AdrienR54
I wanted to ask if it’s possible, or if you have a chart generator similar to this but for standard Renko charts? Thank you in advance.
Hello,
You can test your EA with "rail-to-rail" mode of my non-gap renko generator. However, note that 99.99% of profitable renko strategies on backtest that they use standard renko chart creators are not actually profitable in practice. Such EAs just take advantage of the deficiency of standard renko chart creators which my non-gap overcomes and shows the bitter reality of trading.
Trading is the hardest way to make easy money...
  • #857
  • Feb 19, 2025 10:58am Feb 19, 2025 10:58am
Quoting MathTrader7
{quote} The latest version of RenkoEA is 3.39 and you can download it from the first post of this thread: https://www.forexfactory.com/thread/...ing-discussion
Hi Mathtrader

Please upload the 3.39 version, the link you gave has version 1.74 in.
Best
Trade Without Fear
  • #858
  • Feb 19, 2025 11:07am Feb 19, 2025 11:07am
Quoting Rubernet
{quote} Hi Mathtrader Please upload the 3.39 version, the link you gave has version 1.74 in. Best

It was 3.39 when I downloaded it


Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
  • #859
  • Feb 20, 2025 10:38am Feb 20, 2025 10:38am
Quoting sj9bp20
{quote} It was 3.39 when I downloaded it {image}
I downloaded the same version but when I load to the chart I get this message.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 21 KB
Attached File(s)
File Type: ex4 MathTrader7_RenkoEA.ex4   106 KB | 186 downloads
Trade Without Fear
  • #860
  • Edited 1:17pm Feb 20, 2025 11:07am | Edited 1:17pm
Hey Rubernet,
I think you are doing it wrong.
You should open a minute or hour chart and add the Renko EA to that chart.
I am using the Renko chart creator EA on a 1 hr chart.

Also, I like making the 'Renko Brick Size' field = zero.
That way the system will create the best size for you.
Attached File(s)
File Type: ex4 MathTrader7_RenkoChartCreatorEA.ex4   80 KB | 265 downloads
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