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Attachments: Renko Block Charts
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Renko Block Charts

  • #641
  • Oct 23, 2010 1:12am Oct 23, 2010 1:12am
This is GBP/JPY using 1.0 standard lots starting from $10000 initial deposite.

I think it has something to do with the "mismatched chart error". If everyone were to use this EA we would b millionaires now.
Attached Image (click to enlarge)
Click to Enlarge Name: Renko EA 2.JPG Size: 263 KB
  • #642
  • Oct 23, 2010 2:19am Oct 23, 2010 2:19am
Folks

While studying the script and strategy, I thought to share with you some of the back test data I have which may help you.

1. Attached is 25-Pip Renko Data I converted from s-script for M5 Chart

2. The data for M1 I took from Forexcite.com

3. I use Lou G guidelines to test Renko offline. http://www.forexfactory.com/showthread.php?t=204485


Hope it helps
  • #643
  • Oct 23, 2010 2:20am Oct 23, 2010 2:20am
Quoting forexzak
Folks

While studying the script and strategy, I thought to share with you some of the back test data I have which may help you.

1. Attached is 25-Pip Renko Data I converted from s-script for M5 Chart

2. The data for M1 I took from Forexcite.com

3. I use Lou G guidelines to test Renko offline. http://www.forexfactory.com/showthread.php?t=204485


Hope it helps
Sorry forgot to attach the ZIP file, it is attached now
Attached File(s)
File Type: zip GBPJPY5 25-pip renko.zip   191 KB | 978 downloads
  • #644
  • Oct 23, 2010 2:57am Oct 23, 2010 2:57am
Thanks forexzak for your input. I am not a technical kind of person so could you please summarize your findings and whether the EA is working as intended?
  • #645
  • Edited 5:07am Oct 23, 2010 4:54am | Edited 5:07am
Quoting Slack
Blindly choosing trade direction bias based on price < or > MA is not a good (robust) strategy. It completely ignores mean reversion and volatility. FYI, the same problem exists even if you throw in a MA cross condition.
What problem still exists? So all the traders top and newby who use MA cross are doing it wrong? At least you can go with the main direction instead of blindly trading each and every renko colour change.

Below 200ema only take red blocks (and if want to be aggresive, take blue/green blocks but half lot size)

Above 200ema only take blue/green blocks (and if want to be aggresive, take red blocks but half lot size)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: renko 200ema.gif Size: 26 KB
Click to Enlarge Name: h4 200ema.gif Size: 26 KB
  • #646
  • Oct 23, 2010 6:11am Oct 23, 2010 6:11am
Maveri4k,
What did you edit on the script to get H1??

I think the smaller brick would prove the concept, then if workable adjust the pip size. The big problem with Renko is the direction change you loose twice the brick just on the turn around.

as I said before Backtest is very unreliable, ONLY forward testing will prove the concept. The key is to visually be able to see more then 3-4 bricks in a sequence of any size, then you can grab TPs.

Quoting Maveri4k
Hey traderduke,

I re-analyzed the EA and utilized the script and did according to what you say. The results are really freaky...+5.5k pips for USD JPY since 1st July 2010, +7645 pips for USDCHF since 04 june 2010 and +7846 for USDCAD since 01 June 2010, not to mention the other currency pairs. I used 20pips renko for my test. I edited the script such that I changed everything from M1 to H1 and thus I managed to get more backtests.

However, what concerns me is the 100% precision of the EA to enter long/short such that the box ALWAYS closes in...
  • #647
  • Oct 23, 2010 6:26am Oct 23, 2010 6:26am
cspip
You'r right the MA levels can help I've tried them in several ways and they appear to elevate the Profit percent when backtesting RENKO in a certain time but falter in other timelines, no consistencey.

Do you have anything you can show to prove your point with RENKO??

This goes for everynody , we are all here to try and improve or develope a working strategy, you can't be critical without offering an alternative!!

Quoting cspip
What problem still exists? So all the traders top and newby who use MA cross are doing it wrong? At least you can go with the main direction instead of blindly trading each and every renko colour change.

Below 200ema only take red blocks (and if want to be aggresive, take blue/green blocks but half lot size)

Above 200ema only take blue/green blocks (and if want to be aggresive, take red blocks but half lot size)
  • #648
  • Oct 23, 2010 6:36am Oct 23, 2010 6:36am
Quoting Traderduke
cspip
You'r right the MA levels can help I've tried them in several ways and they appear to elevate the Profit percent when backtesting RENKO in a certain time but falter in other timelines, no consistencey.

Do you have anything you can show to prove your point with RENKO??

This goes for everynody , we are all here to try and improve or develope a working strategy, you can't be critical without offering an alternative!!
Thank you,

Yes, just using MA cross can help be in the right direction, and as we all know by now that all indiy can be lagging etc....but i think the object is to keep it simple, by trading colour change and MA..............ma's are probably the simplest to trade or include in an EA and as seen from charts above the 200ema is quite important when it comes to direction.

Just thought it would give more positive pips, (again if want to be aggressive then can always go against 200ema when colour changes but use smaller lot sizes, i.e. money mangement)

This should give more +ve pips and on many pairs would be good for the balance.
  • #649
  • Oct 23, 2010 7:49am Oct 23, 2010 7:49am
Traderduke,

I merely changed every M1 and 1M value in the script to H1 and 1H respectively, compiled them and have no issues. This enabled me to get more data and hence run more (unreliable) backtests instead of the september to october backtests that we could run on M1 charts. I will start live tests next week and see how it goes. One issue though, since we're running scripts on live charts and EAs on offline charts, do we have to re-attach the EA after we re-run the script whenever we restart the metatrader platform?
  • #650
  • Oct 23, 2010 8:31am Oct 23, 2010 8:31am
Quoting Maveri4k
Traderduke,

I merely changed every M1 and 1M value in the script to H1 and 1H respectively, compiled them and have no issues. This enabled me to get more data and hence run more (unreliable) backtests instead of the september to october backtests that we could run on M1 charts. I will start live tests next week and see how it goes. One issue though, since we're running scripts on live charts and EAs on offline charts, do we have to re-attach the EA after we re-run the script whenever we restart the metatrader platform?
You cant run renko of 1 hour TF can you?
Results will be wrong.
  • #651
  • Oct 23, 2010 8:42am Oct 23, 2010 8:42am
I ran the script on H1 live charts(I merely changed the TF options that it should be ran on), but I still opened renko using 5M offline charts
  • #652
  • Oct 23, 2010 9:32am Oct 23, 2010 9:32am
Yes, I'm not lucky enough to be able to RenkoLive EA on a 2min for trading. I clean my platforum, by that I maen I remove all charts and name it default then exit platform then recall platform then select pair then make it m1 then load my script with 5m and size it then select my offline pair for 5m. Now I'm ready to either load an EA or run a Strategy test but I won't due both on the same setup because I have had problems.

Due you find any difference in NET PROFIT if you use the same tading dates for both the 1m and 1h???

Cspip to help satisfy your question on MAs here is a new EA version with KC which I like a lot and MA options. You must go to Lines 114 to 158 to "//" the options in or out.. I think you'll see what I mean. Test it and you may hit on some settings that I haven't seen. let us know what you think .

Quoting Maveri4k
Traderduke,

I merely changed every M1 and 1M value in the script to H1 and 1H respectively, compiled them and have no issues. This enabled me to get more data and hence run more (unreliable) backtests instead of the september to october backtests that we could run on M1 charts. I will start live tests next week and see how it goes. One issue though, since we're running scripts on live charts and EAs on offline charts, do we have to re-attach the EA after we re-run the script whenever we restart the metatrader platform?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-10-23_100643-renko-blocks-3.png Size: 70 KB
Click to Enlarge Name: 2010-10-23_100512-renko-blocks-2.jpg Size: 203 KB
Click to Enlarge Name: 2010-10-23_100331-renko-blocks.png Size: 105 KB
Attached File(s)
File Type: mq4 RK-Renko-Blocks_EAwKC-MA-5TrlS.mq4   34 KB | 1,333 downloads
File Type: mq4 RK-KeltnerChannel-atr.mq4   3 KB | 1,015 downloads
File Type: mq4 MA in Color.mq4   4 KB | 913 downloads
  • #653
  • Oct 23, 2010 10:23am Oct 23, 2010 10:23am
Traderduke,

Lol yea now that you mentioned it I tested it using M1 & H1 script and got different net profits, as H1 ran one less trade than M1 with both BarTrades being of 0 value.

You mentioned that you did a little bit of live test with 0 and 1 values. The latter has a trade entered and did you check whether the entry coincides with what your backtest showed? I doubt the bartrade 0 will work since the backtest shows that trades that were entered ended up having a 100% chance of moving in that direction of the trade, which is kind of impossible. However we will see what happens when the market opens.
  • #654
  • Oct 23, 2010 12:13pm Oct 23, 2010 12:13pm
Are any of you people aware that posting decompiled MQL4 code is not only a violation of copyright - it can also result in you being banned from Forex Factory?
Old Benjamin was right
  • #655
  • Edited Oct 24, 2010 5:21am Oct 23, 2010 9:48pm | Edited Oct 24, 2010 5:21am
Lou,
Who posted copyright decompiled mq4?? All the files I posted came from decompiled files in TSD or FF.


PS , Ok I see the script file is DEcompiledby somebody but I didn't do it so how do I remove it from the forum, there is no edit option. I have been using this script for a year and never looked into it.


Quoting Lou G
Are any of you people aware that posting decompiled MQL4 code is not only a violation of copyright - it can also result in you being banned from Forex Factory?
  • #656
  • Oct 24, 2010 8:06am Oct 24, 2010 8:06am
Quoting Traderduke
Lou,
Who posted copyright decompiled mq4?? All the files I posted came from decompiled files in TSD or FF.


PS , Ok I see the script file is DEcompiledby somebody but I didn't do it so how do I remove it from the forum, there is no edit option. I have been using this script for a year and never looked into it.
Why not use RLC_v3.2? Source code is free, not copyrighted and works just fine...

FF does not like copyrighted eBooks, indicators or EAs, links to commercial websites, etc. to be posted due to legal considerations.
Old Benjamin was right
  • #657
  • Oct 24, 2010 8:54am Oct 24, 2010 8:54am
Lou,
Your right RLC_v3.2 has been my renko converter for charts ever since it was posted long ago but I can't test on weekends or run live EA's that trade or Strategy test with it. My MBTrading broker is an ECN and only trades 1m, 5m, 15, etc so I need a Renko script to Run the offline chart for an EA to trade. I've checked with Viking on this matter and there is no solution that we know will work PROPERLY and I have tried changing the code to allow 5m charts. If you have any Ideas PLEASE let me know.

How or can I remove the offended script??

Quoting Lou G
Why not use RLC_v3.2? Source code is free, not copyrighted and works just fine...

FF does not like copyrighted eBooks, indicators or EAs, links to commercial websites, etc. to be posted due to legal considerations.
  • #658
  • Oct 24, 2010 9:48am Oct 24, 2010 9:48am
Quoting Maveri4k
I ran the script on H1 live charts(I merely changed the TF options that it should be ran on), but I still opened renko using 5M offline charts
You cant use 5min offline charts for renko, you'll get wrong chart displayed. It'll be too smooth, only place renko EA or indicator on 1min to open offline.
  • #659
  • Oct 24, 2010 9:51am Oct 24, 2010 9:51am
Quoting Traderduke
Lou,
Your right RLC_v3.2 has been my renko converter for charts ever since it was posted long ago but I can't test on weekends or run live EA's that trade or Strategy test with it. My MBTrading broker is an ECN and only trades 1m, 5m, 15, etc so I need a Renko script to Run the offline chart for an EA to trade. I've checked with Viking on this matter and there is no solution that we know will work PROPERLY and I have tried changing the code to allow 5m charts. If you have any Ideas PLEASE let me know....
Use renko chart indicator, not the EA version to have renko charts on weekends.

......and please please can everyone put them only on 1min TF ??? Please?
Attached File(s)
File Type: mq4 RenkoLiveChart_v2.1.mq4   9 KB | 777 downloads
  • #660
  • Edited 10:15am Oct 24, 2010 9:55am | Edited 10:15am
Quoting Traderduke
Lou,
Your right RLC_v3.2 has been my renko converter for charts ever since it was posted long ago but I can't test on weekends or run live EA's that trade or Strategy test with it. My MBTrading broker is an ECN and only trades 1m, 5m, 15, etc so I need a Renko script to Run the offline chart for an EA to trade. I've checked with Viking on this matter and there is no solution that we know will work PROPERLY and I have tried changing the code to allow 5m charts. If you have any Ideas PLEASE let me know....
You can backtest on weekends by renaming an existing M2 chart to M5 and following the "dummy server" technique outlined in this thread for Strategy Tester. You can rename using Windows Explorer - charts are in the yourmt4/history folder. However, live forward-testing is the best way to go (but more time-consuming). IMHO, Strategy Tester is useful only for making sure that the mechanics of an EA (placing trades and other client functions) are error-free.

Forward testing of live EAs works fine using the M2 charts - I've done it many times.

Only a moderator can remove posts containing the decompiled code (not just yours - there are several).
Old Benjamin was right
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