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Renko and Matlab

  • #21
  • Jul 23, 2010 8:23am Jul 23, 2010 8:23am
Quoting SlushFund
That's good to know. The fact that I trade profitably with renko everyday is obviously an illusion.
Haha, you must be living in a dream world where someone "Incepted" the thought that you are successful.
Time flies like an arrow; fruit flies like a banana.
  • #22
  • Jul 23, 2010 11:42am Jul 23, 2010 11:42am
You can't build a true renkochart out for Hourly, Daily or Weekly Data.
This will only results in a huge loss of information because if you simply
look at weekly close prices you don't know if it was down 3 boxes during that week the only thing you know is where it closed. Even for 550 Pips Renkos daily and weekly data is waaaay to "bulky".

Also it seems like your chart is missing a true reversals. If prices comes back 2x the defined box size in an uptrend it will create a reversal it doesn't look like you took care of that in your charts.
  • #23
  • Jul 24, 2010 6:55am Jul 24, 2010 6:55am
Quoting SkyzerFX
Those Renko charts showing BS.. Some of those Renko indies

will just draw straight lines up or down for the history, nothing to do with reality..

They are fake.. They will only show true picture ones they placed on the chart and forward..

Just straight ups and downs , if this

was true, we all be millionaires overnight..

His remarks are true.
A renko chart in history doesn't look the same as a live renko chart.
You will see in a live renko chart a lot of retracements, which you can not see on the renko history chart !

eTrader,
  • #24
  • Jul 24, 2010 7:33am Jul 24, 2010 7:33am
Quoting eTrader
His remarks are true.
A renko chart in history doesn't look the same as a live renko chart.
You will see in a live renko chart a lot of retracements, which you can not see on the renko history chart !

eTrader,
BS... if your renko-chart is based on M1-Data your history chart will look the same as your live chart!
  • #25
  • Jul 24, 2010 7:52am Jul 24, 2010 7:52am
Here is another way to look at renko thingy:http://codebase.mql4.com/ru/6598
  • #26
  • Jul 25, 2010 5:56pm Jul 25, 2010 5:56pm
Quoting nightyhawk
BS... if your renko-chart is based on M1-Data your history chart will look the same as your live chart!
that's true only if the boxsize is bigger than the maximum 1 minute candle...so i suggest to choose a size more than 50 pips on 1 min data...

the big problem of renko chart is that the probability of the next block is 66% in the same direction and 33% in the opposite direction(if we suppose that up or down moviment have the same probability)...

i suggest that we have to change the renkolivechart ea in order to create a opposite block only with a boxsize moviment so we should study easier the renko chart with nn or svm...

Andrea182
  • #27
  • Jul 25, 2010 9:53pm Jul 25, 2010 9:53pm
Quoting eTrader
His remarks are true.
A renko chart in history doesn't look the same as a live renko chart.
You will see in a live renko chart a lot of retracements, which you can not see on the renko history chart !

eTrader,
Wrong. Try turning the wicks on.

BTW the commercial version sRenko allows you to anchor price at the 00 level (or whatever price you want) so that charts always look the same after you have re-launched metatrader.
  • #28
  • Jul 26, 2010 7:25am Jul 26, 2010 7:25am
Quoting SlushFund
Wrong. Try turning the wicks on.

BTW the commercial version sRenko
I was talking about those Free renko indies.. ok?

Which creating charts looks exactly as showing on page 1, when

looking in history.. Commercial Renko script is ok.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #29
  • Jul 27, 2010 3:50am Jul 27, 2010 3:50am
Quoting SkyzerFX
I was talking about those Free renko indies.. ok?

Which creating charts looks exactly as showing on page 1, when

looking in history.. Commercial Renko script is ok.
Sorry but that's a load of Bullshit. What makes a script better if you got ripped off money for it lol. They probably share the same algorythm. Aslong as you use Tick Data or atleast M1 you will never run into problems.
  • #30
  • Jul 27, 2010 6:06am Jul 27, 2010 6:06am
Quoting TJPLD
Sorry but that's a load of Bullshit. What makes a script better if you got ripped off money for it lol. They probably share the same algorythm. Aslong as you use Tick Data or atleast M1 you will never run into problems.
Correct
  • #31
  • Jul 27, 2010 2:05pm Jul 27, 2010 2:05pm
Quoting andrea182
that's true only if the boxsize is bigger than the maximum 1 minute candle...so i suggest to choose a size more than 50 pips on 1 min data...

the big problem of renko chart is that the probability of the next block is 66% in the same direction and 33% in the opposite direction(if we suppose that up or down moviment have the same probability)...

i suggest that we have to change the renkolivechart ea in order to create a opposite block only with a boxsize moviment so we should study easier the renko chart with nn or svm...

Andrea182
does anyone have this solution??

Andrea182
  • #32
  • Jul 31, 2010 6:48am Jul 31, 2010 6:48am
Quoting andrea182
i suggest that we have to change the renkolivechart ea in order to create a opposite block only with a boxsize moviment so we should study easier the renko chart with nn or svm...

does anyone have this solution??
Andrea182
You mean something like this?
Attached File(s)
File Type: mq4 RenkoRangeBarsV1.2a.mq4   13 KB | 542 downloads
  • #33
  • Last Post: Jul 31, 2010 2:33pm Jul 31, 2010 2:33pm
that's perfect...
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