Attachments: New Renko Builder

New Renko Builder

#1
First Post: Edited Dec 10, 2025 8:45am Dec 8, 2025 8:05pm | Edited Dec 10, 2025 8:45am

valdecchio
Joined Jul 2013 | Status: Trader | 181 Posts

Good morning everyone! I'm currently fully dedicated to building a renko strategy, and as a break, I've also been busy updating some of the older, but still functional, renko builders. I just wanted to make a small contribution and share this improved version of MetaEditor, updated to version 5.00 2416.
Happy trading, everyone...
(I'm sure I'll be back with some other material of common interest and usefulness.)

I apologize guys, I forgot to adjust this small, but extremely important detail, I too, like you, am testing, and I noticed that on 2 renko charts, reloading the EA on the candlestick chart, they do not redraw, but when I went to reload it on usdjpy, it transformed from a small bearish trend to a small bullish trend.. this is serious (for me), then a light bulb went on for me... the problem of compatibility with asset prices, usdjpy uses a different price from eurusd, as well as gold, dax, crypto, etc... so I'm fixing this shortcoming, the goal is to have a modern, stable, lighter EA builder, and above all with iron efficiency:

//+---------------------------------------------------------------------------+
//| Renko_Live_Chart_V5.mq4 |
//| Valdecchio 2025 |
//| https://www.forexfactory.com/valdecchio |
//+---------------------------------------------------------------------------+
//| IMPROVEMENTS IN V5 - TRUE NON-REPAINT: |
//| 1. Persistent history file - appends instead of overwriting |
//| 2. Tick-by-tick processing eliminates High/Low ambiguity |
//| 3. Median price simulation for historical bars |
//| 4. State persistence prevents recalculation on reload |
//| 5. Universal compatibility: Forex, Crypto, Indices, Commodities |
//+---------------------------------------------------------------------------+

Major changes for universal compatibility:
1. Completely rewritten checksum (lines 247-273):
• Changed from int to double to avoid overflows
• Uses price ratios instead of absolute values
• Works with any price: from 0.00001 (micro forex) to 100,000+ (Bitcoin)
1. STATE_FILE_VERSION increased to 501:
• Forces rebuild for old, corrupted state files
1. Improved decimal handling (lines 64-83):
• Explicit support for 0, 1, 2, 3, 4, 5+ decimal places
• Compatible with indices, cryptocurrencies, and commodities
1. Improved box settings comparison (line 230):
• Use MathAbs() with tolerance instead of direct comparison
1. Improved checksum comparison (line 236):
• Use MathAbs() with Tolerance for double comparisons
IMPORTANT: After installing this release, delete the old *_state.bin files from the MQL4/Files folder to force a clean rebuild on all assets.

Updated 10/12/2025 ( more light for RAM and CPU, and compatibility with any asset )

Attached File(s)

Renko_live_chart_v5.ex4 30 KB | 604 downloads | Uploaded Dec 10, 2025 8:42am

please read here my message:
https://www.forexfactory.com/thread/...6#post15499976]

I'll upload the updated EA in the next few hours! Sorry again!

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#2
Dec 8, 2025 8:28pm Dec 8, 2025 8:28pm

fatolepig
| Joined Nov 2015 | Status: Trader | 105 Posts

Thanks, valdecchio! I see you've been a member of FF for 12-13 years, so you probably are familiar with mathtrader7's Renko Trading Discussion, although there hasn't been much participation there in the last few months. Not blasting you, by any means.

I am interested in seeing differences between your builder and mathtrader7's.

#3
Dec 8, 2025 8:41pm Dec 8, 2025 8:41pm

valdecchio
Joined Jul 2013 | Status: Trader | 181 Posts

Quoting fatolepig

Disliked

Thanks, valdecchio! I see you've been a member of FF for 12-13 years, so you probably are familiar with mathtrader7's Renko Trading Discussion, although there hasn't been much participation there in the last few months. Not blasting you, by any means. I am interested in seeing differences between your builder and mathtrader7's.

Ignored

Thanks so much! I haven't really been in touch with the top programmers here, but I've always been a bit of a loner. I do things on my own and use my own ideas. Next potential step: I think I'll create an expert advisor that opens and closes trades on Heiken Ashi, applied to a Renko chart! Maximum winrate, minimum noise!

#4
Edited 9:41pm Dec 8, 2025 8:58pm | Edited 9:41pm

Ced74
Joined Jul 2013 | Status: Trader | 5,472 Posts

Afternoon valdecchio,

I will test over the next few days........I have traded Renko for many,many years and consider Ovo to be the best EA so will compare this one to it.
Keep up the good work.
Like some of the old EA,s it appears to needs to build up more history and be a little cpu hungry.....Running 5000 bars in History now after installation...Will know by to-morrow.
I have a Buy running from 4181.22....T/P Target 300 pips.
Ron

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Ronnie Renko

#5
Dec 8, 2025 9:25pm Dec 8, 2025 9:25pm

Macd-rsi
Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts

Quoting valdecchio

Disliked

{quote} Thanks so much! I haven't really been in touch with the top programmers here, but I've always been a bit of a loner. I do things on my own and use my own ideas. Next potential step: I think I'll create an expert advisor that opens and closes trades on Heiken Ashi, applied to a Renko chart! Maximum winrate, minimum noise!

Ignored

could ypu please show a picture on chart for thsi indactor?
?
i try to renconize zigzag in this way?
just take troughs candles (absoluate highs and lows) and ignore any else candle/ /

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each day 10%,,,, https://www.forexfactory.com/thread/1371538

#6
Dec 8, 2025 9:26pm Dec 8, 2025 9:26pm

Macd-rsi
Joined Oct 2019 | Status: Forexian Fighter = FF | 16,341 Posts

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each day 10%,,,, https://www.forexfactory.com/thread/1371538

#7
Edited Dec 9, 2025 3:58am Dec 8, 2025 9:36pm | Edited Dec 9, 2025 3:58am

Ced74
Joined Jul 2013 | Status: Trader | 5,472 Posts

Ovo Chart
.
Target reached.

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Ronnie Renko

#8
Dec 9, 2025 8:30am Dec 9, 2025 8:30am

tzamo
Joined Nov 2017 | Status: Trader | 977 Posts

Quoting valdecchio

Disliked

{quote} Thanks so much! I haven't really been in touch with the top programmers here, but I've always been a bit of a loner. I do things on my own and use my own ideas. Next potential step: I think I'll create an expert advisor that opens and closes trades on Heiken Ashi, applied to a Renko chart! Maximum winrate, minimum noise!

Ignored

Hi vladecchio,
Renko are always interesting, though I had some questions myself I was trying to figure out and had left for a while. haha won't bore anyone with them

Just wanted to ask if you had actually looked at such a chart, in a way one is going from a time based chart to one that doesn't really focus on time. Then adding HA candles, seems counter intuitive to me as it isn't showing an average for the bars going along since Renko bars do jump around. Is there any benefit as one may need to wait for the next Renko bar anyways? then if only displaying HA bars, one can be misled since the colour of the HA bars will vary even tough the Renko bar would have changed. By that I mean something may have happened at 1) before the Renko bar jumped up and ended up at 2) as an up HA bar on my chart.. yet, at 3) we also see a change Renko Red -> Green and my HA is showing a red bar..
Best of luck,
T

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"Work hard, put in the effort, and follow your dreams..." -Me

#9
Dec 9, 2025 10:49am Dec 9, 2025 10:49am

valdecchio
Joined Jul 2013 | Status: Trader | 181 Posts

Quoting tzamo

Disliked

{quote} Hi vladecchio, Renko are always interesting, though I had some questions myself I was trying to figure out and had left for a while. haha won't bore anyone with them Just wanted to ask if you had actually looked at such a chart, in a way one is going from a time based chart to one that doesn't really focus on time. Then adding HA candles, seems counter intuitive to me as it isn't showing an average for the bars going along since Renko bars do jump around. Is there any benefit as one may need to wait for the next Renko bar anyways?...

Ignored

Heiken Ashi uses a different calculation method, another way of indicating the trend, which overlaps with renko. You will always find these "behaviors" on renko. You also need to analyze various details, such as brick size, the timeframe on which you installed the EA, etc.

#10
Dec 9, 2025 11:36am Dec 9, 2025 11:36am

valdecchio
Joined Jul 2013 | Status: Trader | 181 Posts

Guys, I'm asking you for a little cohesion. I've returned here after a few years, driven by the situation in Europe and elsewhere. As many of you know, those who should be protecting us in our own countries are trying to impoverish and control us. So, for a few months now, I've been thinking about taking action, and with this thread I'm starting to do so.
I have a strategy in mind to automate and apply to Renko charts, but obviously, achieving the goal, perhaps even multiple goals, requires time, patience, and consistency... Therefore, at this point, I obviously can't know if what I have in mind will be profitable or a disaster...
For these reasons, I'd like to ask you to help me implement other manual strategies based on simple Renko, NO MEDIAN Renko:
1- strategies you already know well and have used, or are still using.
2- if they consist of indicators, please attach the indicators with source code. (Most of the indicators here are old; I'll first try to adapt them to the latest version of MetaEditor for greater compatibility and efficiency.)
3. Attach a Word file (not a txt file) with extremely detailed explanations of the strategy, ALWAYS including trading examples, and attaching screenshots accompanied by examples.
I want to clarify that I'm not selling anything, I'm not asking for money from anyone, and I'm not here to speculate.
"We're all here to steal from the market, not from each other."
Donations or donations are welcome, but if I don't get even $1 for my time and lost eyesight in front of the computer, that's fine by me... the main goal is to reach a goal, or multiple goals, as quickly as possible. I'll reach it alone, but together, we'll reach it much sooner and together!
Thanks so much, Guys

#11
Dec 9, 2025 3:58pm Dec 9, 2025 3:58pm

handy148
Joined Oct 2010 | Status: Trader | 2,836 Posts

Quoting Ced74

Disliked

Afternoon valdecchio, I will test over the next few days........I have traded Renko for many,many years and consider Ovo to be the best EA so will compare this one to it. Keep up the good work. Like some of the old EA,s it appears to needs to build up more history and be a little cpu hungry.....Running 5000 bars in History now after installation...Will know by to-morrow. I have a Buy running from 4181.22....T/P Target 300 pips. Ron {image}

Ignored

Yep anything renko always worth a look.

#12
Dec 13, 2025 1:32pm Dec 13, 2025 1:32pm

ThaoAnh
Joined Jun 2024 | Status: Still Learning | 2,883 Posts

Quoting valdecchio

Disliked

Good morning everyone! I'm currently fully dedicated to building a renko strategy, and as a break, I've also been busy updating some of the older, but still functional, renko builders. I just wanted to make a small contribution and share this improved version of MetaEditor, updated to version 5.00 2416. Happy trading, everyone... (I'm sure I'll be back with some other material of common interest and usefulness.) I apologize guys, I forgot to adjust this small, but extremely important detail, I too, like you, am testing, and I noticed that on 2 renko...

Ignored

Thanks so much.