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Fractal Zig Zag EAs on 5 pip Renko Bricks

  • #21
  • Oct 6, 2009 12:47pm Oct 6, 2009 12:47pm
Quoting 45Fxguy
Hi zznbrm,
No doubt about that.
If you can do that in MT4, I'd be very impressed...
Is there a simulator of some kind that can be modified, or created to use renko charts in mt4's Strategy Tester, so we can at least do manual back test on renko charts, & maybe eventually even run EAs on renko history charts?
Although I think there are already a few indicators out there that will at least simulate a renko chart block on a regular candle stick chart, but I haven't tried any of them lately, much less in a back test simulator, and don't think it would...
I have not tried renko charts in MT4 Strategy Tester. I wrote my own scripts to backtest renko in MT4. So in a way, I wrote my own simulator to be run against offline renko charts.

Attached is an example of one of the scripts I wrote a few months ago to backtest Nitro (actually, it accumulates Nitro data for analysis).

I'm not sure about EAs, as I use scripts.
Attached File(s)
File Type: mq4 NitroTester1.mq4   12 KB | 686 downloads
  • #22
  • Edited 3:52pm Oct 6, 2009 3:15pm | Edited 3:52pm
Quoting zznbrm
I have not tried renko charts in MT4 Strategy Tester. I wrote my own scripts to backtest renko in MT4. So in a way, I wrote my own simulator to be run against offline renko charts.

Attached is an example of one of the scripts I wrote a few months ago to backtest Nitro (actually, it accumulates Nitro data for analysis).

I'm not sure about EAs, as I use scripts.
zznbrm,
I tired your script on a bare renko chart, but didn't really see anything.
Can you or someone please explain exactly how to use the script?
I changed the date to Oct 1, but still didn't see anything.
Am I missing something?
Looking under "Journal", tab & I see the script is getting kicked off for some reason or another.
Will try it again later.

Do I first need to do what is in this post?
http://www.forexfactory.com/showpost...6&postcount=68
Will that work with window's xp?
  • #23
  • Oct 6, 2009 5:45pm Oct 6, 2009 5:45pm
Quoting 45Fxguy
zznbrm,
I tired your script on a bare renko chart, but didn't really see anything.
Can you or someone please explain exactly how to use the script?
I changed the date to Oct 1, but still didn't see anything.
Am I missing something?
Looking under "Journal", tab & I see the script is getting kicked off for some reason or another.
Will try it again later.
The script creates a .csv file in your "files" folder containing data about renko bricks (TRIX values, momentum, MA, ATR, etc). I posted it to show you an example of backtesting renko via a script.

If you don't get a file, look under the Experts tab for error messages.

However, the point here is that it is very easy to write a simulator to test renko charts.
  • #24
  • Oct 6, 2009 6:24pm Oct 6, 2009 6:24pm
Quoting 45Fxguy
The screen shot below is just an idea at this point, if you all have any better ideas for filters etc.
I'm open to suggestions for improvements.
Hi. I think you have an interesting idea here and I plan on doing a little research to see if it is statistically profitable. On your chart though, I think that last buy would only net 5 pips (minus the spread) because the fractal isn't formed until the the next renko bar closes lower. Visually testing renko bars can be kind of confusing sometimes, but make sure to also include the spread in any calculations.

Hope this helps!
  • #25
  • Oct 6, 2009 6:54pm Oct 6, 2009 6:54pm
Quoting Cbh123
Hi. I think you have an interesting idea here and I plan on doing a little research to see if it is statistically profitable. On your chart though, I think that last buy would only net 5 pips (minus the spread) because the fractal isn't formed until the the next renko bar closes lower. Visually testing renko bars can be kind of confusing sometimes, but make sure to also include the spread in any calculations.

Hope this helps!
Cbh123,
Ok thanks, need all the help we can get.
  • #26
  • Edited 8:06pm Oct 6, 2009 7:35pm | Edited 8:06pm
Said I wanted to to keep this kiss as possible at least in the beginning, so don't let this screen shot distract from that premise.
I'm just comparing a few like indicators side by side to see if one is any better than the others in picking up subtle &/or sudden trend changes.
The ones on the bottom is a simple momentum bar historgram.
Top one set to 1, next 2, 3, & last one 4.
Looks pretty good so far at picking up the early trend changes, might be something worth looking at putting into the ea.
I remember swingman's Vorticity indicator is based on fish, & fish repaints sometimes, so this might be a great substitute for it.
So the buy rules would be, last fractal up, and all four stay green for at least the next bar or two, & opposite for a sell order, both orders close on opposite fractal formation, win or lose.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 3.gif Size: 46 KB
Click to Enlarge Name: a fractal zig zag2 ea pic 4.gif Size: 36 KB
Attached File(s)
File Type: ex4 Momentum-Histogram.ex4   5 KB | 649 downloads
File Type: mq4 WeightedCCI2.mq4   5 KB | 565 downloads
File Type: mq4 Fractal ZigZag.mq4   3 KB | 823 downloads
  • #27
  • Edited 8:33pm Oct 6, 2009 8:22pm | Edited 8:33pm
Looks like another good fractal zig zag indicator, that I'd like to put on the table for testing.
Think visually at least this one maybe the better of the two I posted since it seems to stick with the renko brick better, & forms pretty quickly too.
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 5.gif Size: 21 KB
Attached File(s)
File Type: mq4 Fractals_Z.mq4   3 KB | 842 downloads
  • #28
  • Oct 6, 2009 10:04pm Oct 6, 2009 10:04pm
Here is one Renko type indicator found on tsd forum. It may not be accurate and only fx as name implies.
Attached File(s)
File Type: mq4 RenkoFX.mq4   9 KB | 824 downloads
"Put all your efforts in becoming effortless"
  • #29
  • Oct 7, 2009 2:19am Oct 7, 2009 2:19am
Quoting IamTHAT
Here is one Renko type indicator found on tsd forum. It may not be accurate and only fx as name implies.
Thank IamTHAT,
I'll check it out since Renko indicators seem, few & far between.
Thought I'd seen most of them already.
  • #30
  • Edited 3:22am Oct 7, 2009 2:46am | Edited 3:22am
I was getting ready to post screen shots of some of test results from last two days, but decided not to since it doesn't give a complete picture of all the testing done.
Was testing several ea's on the same account, and this broker is very bad about handing out margin calls so it won't give a complete picture anyway.
Just like to use this broker 'on demo only since' it's data feeds are stable, & MT4 stays connected to them 99.9% of the time.
The list of margin calls were well over a full page screen shot so you get the picture.
If you'd like their name send request via pm.
Won't post it here.
Besides the ea under forward test was just a foundation to build a hopefully profitable renko ea on.
No need to post further results until we have a new version of the ea to test anyway, especially since this one only opens buy orders.
From what I can see in the accounts history where the comment area doesn't show a margin call some of the results were:
eur/usd 18 wins x .1 lots sizes = $1 a pip or roughly about $90.
eur/usd 5 losses x.1 lots at a 4:1 $1 a pip came to $100, or $20 per loss.
So it's still maybe losing anyway with the poor R:R of the current version of the ea on renko charts. -10 pips in the red.
Results are probably very inaccurate anyway as said before, way too many margin calls as the account was getting lower & lower from the multiple eas that I was forward testing on it at the same time.
Will reset reload at about $50k this time, so I don't have same problem for a while.
  • #31
  • Oct 7, 2009 3:21am Oct 7, 2009 3:21am
Quoting IamTHAT
Here is one Renko type indicator found on tsd forum. It may not be accurate and only fx as name implies.
IamTHAT,
Do you know how many points I need to enter to get the indicator to display 5 pip bricks?
Any way to force it to show up in the main window too?
  • #32
  • Oct 7, 2009 3:55am Oct 7, 2009 3:55am
Quoting 45Fxguy
IamTHAT,
Do you know how many points I need to enter to get the indicator to display 5 pip bricks?
Any way to force it to show up in the main window too?
5 points represent 5pips obviously. Size of the indicator window somehow makes it look bit different. Absolutely no idea how to make it appear in the main window.
Forex-tsd form has a thread on renko and some are very successful with it.
"Put all your efforts in becoming effortless"
  • #33
  • Oct 7, 2009 4:06am Oct 7, 2009 4:06am
Quoting IamTHAT
5 points represent 5pips obviously. Size of the indicator window somehow makes it look bit different. Absolutely no idea how to make it appear in the main window.
Forex-tsd form has a thread on renko and some are very successful with it.
Thought I read someplace before that a point was different than a pip.
Oh well...
If someone knows there's indeed a difference then please post.
  • #34
  • Oct 7, 2009 4:41am Oct 7, 2009 4:41am
I like this latest setup, seems simple enough that an ea should be able to follow it well too.
Think I've already posted most of the other indicators used in it.
Here's a template included in attachments below.
The pivotspoints_v1 indi, I found on Lou G's new renko trading thread which looks much better with 10 pip bricks than it does on 5 so didn't include it in this template.
Just read his thread yesterday & it can be found here:
http://www.forexfactory.com/showthread.php?t=199285

Think I used & discarded this zig zag alert at turning points indicator, if it's the same one I tired before, repaints badly.
Just thought I'd give it a try again, since it is related to subject of this ea, & may at least provide an early warning system of a major trend change ahead.
Just don't use it as a major signal unless you want to take the risk of a counter trend trade.
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 7.gif Size: 27 KB
Attached File(s)
File Type: mq4 Comment Indicator.mq4   8 KB | 543 downloads
File Type: mq4 ZigZag_Pointer_alert_only at turning points (1).mq4   5 KB | 632 downloads
File Type: ex4 ###Auto Pivot2.ex4   16 KB | 528 downloads
File Type: mq4 PivotPoints_v1.0.mq4   7 KB | 1,286 downloads
File Type: tpl ! # 45fxguy fractal zig zag for renko ea.tpl   47 KB | 513 downloads
  • #35
  • Oct 7, 2009 5:52am Oct 7, 2009 5:52am
Thought I should add before I make any live trades I try to make sure I'm trading with the overall trend of the day.
Notice how the daily candle has broken out below yesterday's low?
Don't know if we really need to add something like this to the system.
If an ema 45 is added to the ea that will probably be good enough to help it trade in direction of the 4hr trend.
Correct me if you think I'm wrong anyone.
I check this template on all time frames down to the 5 min chart.
Before I trade on a renko chart, or any other platform.
Looks like a lot of indis but if the over all trend direction is mixed I stay out of it, & wait for a retrace to complete etc. Easier to see when the market is ranging too.
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 8.gif Size: 38 KB
  • #36
  • Oct 7, 2009 9:39am Oct 7, 2009 9:39am
Hi Guys.

Just want to let you know that i'm going over the code. Have significantly cleaned it up and am in the process of commenting it. Will post a new version soon.

Only just started to look at the logic of the code. Haven't totally worked out why only buy trades are being made, but can someone try this ... change Trend=2 to Trend=1 when Trend is initialised by the int statement. Then re-compile. I bet you'll only find sell trades now. I suspect some of the logic in the switch statement is failing.

Don't want to look at it now (it's 1:30AM here). Will continue with this project tomorrow.
  • #37
  • Edited 12:39pm Oct 7, 2009 10:49am | Edited 12:39pm
Thanks for the update djc0,
Great to know your still working on it.
Here's a manual trade I did this morning using the posted setup except along with DX trade's info indi he customized for me a while back.
I set the Trix to 240 mins for extra confirmation of the longer 4hr trend.
So this trade was counter to the 4hr, & was just trying to gain more confidence in the overall method, without having to look at so many charts and indis.
Seems to be working so far.
My old pc was giving me trouble again this morning so didn't get as many trades in as I wanted to. Had to transfer the other ea's I was forward testing over to my new laptop that my wife confiscated a couple of months ago.
Guess I have enough memory now, but the CPU was pegging out at 100% usage with all the charts, indis, plus ea's I was running on it at the same time. Seems to always happen to me lately just as I'm getting ready to trade.



Quoting djc0
Hi Guys.

Just want to let you know that i'm going over the code. Have significantly cleaned it up and am in the process of commenting it. Will post a new version soon.

Only just started to look at the logic of the code. Haven't totally worked out why only buy trades are being made, but can someone try this ... change Trend=2 to Trend=1 when Trend is initialised by the int statement. Then re-compile. I bet you'll only find sell trades now. I suspect some of the logic in the switch statement is failing.
PS:...
Attached Image (click to enlarge)
Click to Enlarge Name: a fractal zig zag2 ea pic 9.gif Size: 34 KB
Attached File(s)
File Type: ex4 DXTrade Info 45FXguy.ex4   9 KB | 509 downloads
  • #38
  • Oct 7, 2009 2:03pm Oct 7, 2009 2:03pm
There is another Renko thread link http://www.forexfactory.com/showthre...=199285&page=8

Do you think it would be better to concentrate on one thread and thereby benifitting from combined ideas all in one area for Renko. Otherwise many a good idea / suggestion gets lost. Hunting all over this site gets tireing. Just a suggestion.
  • #39
  • Oct 7, 2009 2:08pm Oct 7, 2009 2:08pm
Quoting Nagpada
There is another Renko thread link http://www.forexfactory.com/showthre...=199285&page=8

Do you think it would be better to concentrate on one thread and thereby benifitting from combined ideas all in one area for Renko. Otherwise many a good idea / suggestion gets lost. Hunting all over this site gets tireing. Just a suggestion.
I for one couldn't agree more, I think I am subscribed to 5 different Renko threads, sometimes it's really too much to check all of them for new information.
  • #40
  • Edited 4:01pm Oct 7, 2009 2:22pm | Edited 4:01pm
Quoting Nagpada
There is another Renko thread link http://www.forexfactory.com/showthre...=199285&page=8

Do you think it would be better to concentrate on one thread and thereby benifitting from combined ideas all in one area for Renko. Otherwise many a good idea / suggestion gets lost. Hunting all over this site gets tireing. Just a suggestion.
Hello Nagpada,
Not really, I specifically started this as a thread on redesigning an ea based on fractal zig zag. That's why it's in the programming discussion area, & not in a trading systems area. The trading system more or less already exist, just not quite ready for renko charts.
Although it is open to discussion for trading renko charts in general, but mainly it's #1 focus is on improving the ea on post #1.
I know a lot of threads start out as a trading system 1st, this one is kind of working backwards.
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