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Trading Renko

  • #101
  • Oct 6, 2009 2:56am Oct 6, 2009 2:56am
Thank you!
  • #102
  • Oct 6, 2009 3:08am Oct 6, 2009 3:08am
Quoting wvehoven
Thank you!
You're welcome.
/ ... clarifying decisions ... /
  • #103
  • Oct 6, 2009 5:49am Oct 6, 2009 5:49am
Quoting Lou G
Yes, more than one indi/EA referencing the same chart will always do this. Also, the indicator version has updating problems (which is why I made in into an EA). Suggest you only use the indi version on weekends when the EA will not create a new chart - for regular use when the market is trading, the EA works much better.
Awesome, thx.

I wonder what Snowski's setup is... intriguing... Although I am pretty much at the conclusion that indicators are useless with renko.
  • #104
  • Oct 6, 2009 6:45am Oct 6, 2009 6:45am
Quoting skipperxit
Yes Lou, I have read something like that but my doubt was about "who" was updating the offline chart (your Renko ea or the incoming tick from MT4?). I was uncertain about the candle completition (renko candle timeless or standard candle with "dummy" timeframe?

Mimmo
I spent some time yesterday checking the results of the "simple" method of getting an EA to run on an offline Renko chart (uncheck the offline charts box in chart properties).

Everything appears to work just fine using the simple approach. There was a valid concern expressed that MT4 (in its mysterious internals) would erroneously tamper with the bar closings but MT4 appears not to update non-standard timeframes.

Now comes the hard part - writing an EA that actually makes pips

Thanks again Mimmo for raising this issue and providing a permanent fix for those who don't want to have to remember to check/uncheck the offline charts box to run an EA. Incidentally, if you do forget to check the box again before shutting MT4, the next time you start it the offline chart will show "waiting for update". This is MT4s way of saying that it cannot update an M2 chart - simply uncheck the box, close the offline chart and restart MT4 - everything will be back to normal.

I also looked to see if there was a way to modify the offline charts box from within MQL but no joy there - those running EA's will just have to remember to do it manually.
Old Benjamin was right
  • #105
  • Oct 6, 2009 10:03am Oct 6, 2009 10:03am
Quoting Ferrari
Awesome, thx.

I wonder what Snowski's setup is... intriguing... Although I am pretty much at the conclusion that indicators are useless with renko.
Well, the indi in the lower window is Dean Malone's Traders Dynamic Index (google it if you're interested). Don't know about the indi's in the chart window...
Old Benjamin was right
  • #106
  • Oct 6, 2009 10:17am Oct 6, 2009 10:17am
Looks like a great thread Lou, I
will have to get caught up on this one.
  • #107
  • Oct 6, 2009 10:40am Oct 6, 2009 10:40am
Lou - I did the same thing - tested on BroCo - did not have good results as you had. Can you post your updated EA, maybe I got a bit outta place?;=) Thanks, Ken. (Even with all the options, the EA would work somewhat, but I had some iCustom calls that did not update. Some other stuff seemed to lag.)
  • #108
  • Oct 6, 2009 12:48pm Oct 6, 2009 12:48pm
Quoting Kenz987
Lou - I did the same thing - tested on BroCo - did not have good results as you had. Can you post your updated EA, maybe I got a bit outta place?;=) Thanks, Ken. (Even with all the options, the EA would work somewhat, but I had some iCustom calls that did not update. Some other stuff seemed to lag.)
BroCo?
Old Benjamin was right
  • #109
  • Oct 7, 2009 8:16am Oct 7, 2009 8:16am
BroCo - brocompany dot com MetaTrader 4 build 225
  • #110
  • Oct 7, 2009 8:53am Oct 7, 2009 8:53am
Quoting Shabs19
Simple set up is best
Hi Shabs,
Could you please post a zip file with all the indicators and template for the chart on that image, I think it's really neat and a nice KISS. I would like to try trading it on small lots and see how I can deal with it.

Thanks a lot.
  • #111
  • Oct 7, 2009 2:01pm Oct 7, 2009 2:01pm
Quoting Kenz987
BroCo - brocompany dot com MetaTrader 4 build 225
Sorry, thought BroCo was an EA I had not heard about. The EA I used for testing was a simple Trailing Stop EA that I had laying around - nothing special. It does not have any iCustom calls in it.

I'll try something that uses iCustom when I get a chance and post if it doesn't work.
Old Benjamin was right
  • #112
  • Oct 7, 2009 2:21pm Oct 7, 2009 2:21pm
Kenz987,

Found an EA that used iCustom to get the value from another indi - works fine. Maybe something about the indi you are calling with iCustom?

Post your code and I will look at it as I get time...
Old Benjamin was right
  • #113
  • Edited Oct 9, 2009 2:10am Oct 8, 2009 10:40am | Edited Oct 9, 2009 2:10am
Loving the renko!

Have read this thread as well as some others perhaps I have missed it but does anyone know how to get more renko bars in history?

I currently use the renkolivechart_v3.1 ea and can only get about half a days worth of renko on screen with a 10 pip box but managed to increase this slightly by adding more days to tools-options-charts.

If there is anything else I could try would be great to know.

cheers

cryten


**edit**

Had a message from an old friend on here, he advised to try alpari mt4, so will give that a go.
Cheers
  • #114
  • Oct 9, 2009 9:25am Oct 9, 2009 9:25am
Quoting FOREXflash
Here...I made a multy box renko to keep us informed of bigger
boxes trends....it is customizable up to 5 box sizes.
The right white percentage text is bar timer.

Does anyone though about using volume with renko!??
I coded something, but I dont think it work like it should.....
any coder willing to help me with that one!??
It is extermely usefull to take a notice of volume near swing points, and SR levels,
it gives you a clue about traders interest in those areas.

ps.Im using renko indicator from mql4, not offline FF versions!

Regards

Try the volume indicators from the VSA ( volume spread analysis ) thread.
  • #115
  • Oct 9, 2009 1:37pm Oct 9, 2009 1:37pm
Quoting cryten
Loving the renko!

Have read this thread as well as some others perhaps I have missed it but does anyone know how to get more renko bars in history?

I currently use the renkolivechart_v3.1 ea and can only get about half a days worth of renko on screen with a 10 pip box but managed to increase this slightly by adding more days to tools-options-charts.

If there is anything else I could try would be great to know.

cheers

cryten


**edit**

Had a message from an old friend on here, he advised to try alpari mt4, so will give that a go.
Cheers
What you need is more M1 bars. On your M1 chart press the left arrow key and hold it down - you should see history being added. If not, try on a weekend - I think my broker restricts this during live trading hours.
Old Benjamin was right
  • #116
  • Oct 9, 2009 1:40pm Oct 9, 2009 1:40pm
Here is an updated toy.....Scalpers will love this!
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: dh.gif Size: 20 KB
Attached File(s)
File Type: mq4 MTP_RENKO.mq4   47 KB | 3,185 downloads
forexflash
  • #117
  • Oct 9, 2009 2:28pm Oct 9, 2009 2:28pm
Quoting FOREXflash
Here is an updated toy.....Scalpers will love this!
Regards
Thank you for the great tool. Which Renko script will this work with, the FF version or the commercial version?
Q
The Only Constant Is Change!
  • #118
  • Oct 9, 2009 3:24pm Oct 9, 2009 3:24pm
Quoting Lou G
What you need is more M1 bars. On your M1 chart press the left arrow key and hold it down - you should see history being added. If not, try on a weekend - I think my broker restricts this during live trading hours.
Cheers Lou!
  • #119
  • Oct 9, 2009 9:55pm Oct 9, 2009 9:55pm
Quoting Lou G
What you need is more M1 bars. On your M1 chart press the left arrow key and hold it down - you should see history being added. If not, try on a weekend - I think my broker restricts this during live trading hours.
I tried this on various pairs but it not work for me. Any other suggestions ?
  • #120
  • Oct 9, 2009 9:58pm Oct 9, 2009 9:58pm
Quoting FOREXflash
Here is an updated toy.....Scalpers will love this!
Regards

Could you please explain the entries on the bottom right of the and how to use them. specifically Tick speed and bar timer. Thanks.
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