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Attachments: Renko Block Charts
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Renko Block Charts

  • #681
  • Nov 11, 2010 10:21am Nov 11, 2010 10:21am
@mfurlend; good job on managing to backtest accurately lol; how do the results far and what kind of pip blocks have you tried out thus far.

@peter: start reading from about page 40, you will understand how to forward test it. If you still do not, just keep re-reading you will get it.
  • #682
  • Edited 5:18am Nov 12, 2010 5:16am | Edited 5:18am
Hi all,

I have tested the EA since monday on FX Primus using my VPS. While I can say that the EA trades ALMOST(you will understand as you read on) like what is stated in the backtest (using bartradeE 1 and bartradeX 1 options), I have a very urgent problem to point out and I REALLY hope that an experienced programmer/coder would access it and point out what is wrong so that I can start my forward testing A.S.A.P, meaning the start of the market next week.

Ok now for the problem, while the EA is correct in Opening short after the close of a 'bear' renko block and going long on the opening of the 'bull' candle block, I am perturbed as to why there are intermittent periods as to why there are no trades made by the EA at all, and preceding to those periods the EA will close out the trades pre-maturely. I do not care whether those closed-out trades are winners of losers, what matters is that the EA is not trading accordingly to the rules. And usually after those intermittent periods of no trades, the first trade opened MIGHT be wrong ( REFER TO THE ATTACHED PICTURES). Although I have only forward tested this for only one week, I realized that these "periods" happened only once a day, and there is no confirmation as to when the EA will open trade again.

I strongly believe that the EA is going to make good money, simply because the entry and exit rules of renko trading EA is so simple; just Opening short after the close of a 'bear' renko block and going long on the opening of the 'bull' candle block, no questions asked, no emotions involved. Backtests are more or less pretty accurate as we can pin point when the EA will enter/exit trades as well. Pairs like EUR/USD and GBP/JPY has managed around 9000 pips each since september 2009 backtests, not to mention others.

While I have several ideas at the moment with regards to managing the trades, I implore any programmers/coders out there to take a look at the EA and please find out what is wrong that results in those intermittent periods of no trades/premature closures/wrong entries as it directly affects the trading style of the EA. It is also that I am putting money in my VPS solely to trade this EA and it is disappointing to see that it is not performing up to the task. Even if it turns out to be a flop I am at least contended that it is placing and exiting trades correctly. However, I have full faith in this EA in that it will make some good profits and that the system is so simple.

It might be only a simple error, but I am not technically gifted and I am definitely sure there are alot of people out there who will do a better job than I am.

I will not reply to questions with regards to how to forward/back tests the EA as they are all covered on the first page and ~page 40 onwards by Traderduke and LouG. The issue right now is not about improving the EA by incorporating your own trading methods, but making sure it first and foremost trades based on the basic principles.

Kudos to Traderduke for posting this EA in the first place and thank you for taking your time to read this thread.

Regards
Maveri4k
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO2.JPG Size: 305 KB
Click to Enlarge Name: RENKO3.JPG Size: 317 KB
Click to Enlarge Name: RENKO1.JPG Size: 297 KB
Attached File(s)
File Type: mq4 RK-Renko-Blocks-trades.mq4   19 KB | 898 downloads
  • #683
  • Nov 12, 2010 5:22am Nov 12, 2010 5:22am
With regards as to why there are no trades based on the earlier renko blocks as shown in the pictures, it is simply because they are already there when I opened the M2 offline charts for the currency pairs and before I attach my EA. Just focus on the circled areas.

I am testing 9 pairs thus far, I only attached 3 examples as I feel they are more than enough to pin point the issue. Other pairs not shown suffer from this as well.
  • #684
  • Nov 12, 2010 12:57pm Nov 12, 2010 12:57pm
Quoting Maveri4k
@mfurlend; good job on managing to backtest accurately lol; how do the results far and what kind of pip blocks have you tried out thus far.
So far the results are too good to be true. Of course I'll continue testing.

Unfortunately I was unable to figure out a way to get the variable spread in my tick data accurately represented in the generated renko bar data. .hst files do not seem to contain Ask prices (only Bid). (And yes, I'm THAT obsessive about accurate backtests )

Just as I typed that I figured out a way to do it.....
Its not the most elegant solution but....

1. Create a modified version of the renko conversion EA and replace all instances of "Bid" with "Ask"
2. Generate a renko .hst file for both Bid and Ask prices seperately, on two different standard timeframes.
3. Reference the chart's timeframe for the Bid price, and the other chart's timeframe for the Ask price.


Would this work or would it be unable to synch up the charts time-wise perfectly?
  • #685
  • Nov 12, 2010 5:08pm Nov 12, 2010 5:08pm
Quoting mfurlend
Unfortunately I was unable to figure out a way to get the variable spread in my tick data accurately represented in the generated renko bar data. .hst files do not seem to contain Ask prices (only Bid). (And yes, I'm THAT obsessive about accurate backtests )
Sorry to jump in like that but it's impossible to backtest accurately with MT4. Not even MT5. Their history files do not contain any tick data or spread, just Open/High/Low/Close/Volume/Time patterns. You could have one history with bid prices and another with ask prices. But that would be two separate feeds. MT4 is just a piece of s... and MT5 doesn't add anything interesting to the product (except a few new timeframes). When I want to backtest something efficiently, I write it in Java and run it on a Dukas demo account. There I am confident I'm running a real tick by tick ask/bid feed with spread backtest. And it shows results really differents from the same EA backtested on MT. Forget MT for backtesting. Dot. And if you can, forget MT for trading, most trading platforms I saw are better than this thing.

My $.02.
Don't just be a sheep : make your own idea of it.
  • #686
  • Nov 12, 2010 5:42pm Nov 12, 2010 5:42pm
Quoting kassec
Sorry to jump in like that but it's impossible to backtest accurately with MT4. Not even MT5. Their history files do not contain any tick data or spread, just Open/High/Low/Close/Volume/Time patterns. You could have one history with bid prices and another with ask prices. But that would be two separate feeds. MT4 is just a piece of s... and MT5 doesn't add anything interesting to the product (except a few new timeframes). When I want to backtest something efficiently, I write it in Java and run it on a Dukas demo account. There I am confident I'm...
That is very interesting about java/dukascopy. I think that technically it IS possible to backtest with 100% accuracy in MT4, but perhaps its not worth the effort. Technically though, you could write an EA to read a .csv file containing Dukascopy tick data instead of using the built-in .hst file.

Also in regard to what you said about "that would just be two seperate feeds" - its true, but you could access the Ask feed simply by writing
iClose(Symbol(),PERIOD_M5,0); (if you save it to a standard M5 timeframe)
  • #687
  • Nov 13, 2010 7:12am Nov 13, 2010 7:12am
Sorry but I need to bump this thread up! 1-2 more days before market kicks open again, really hope to resolve my issue by then! Any programmer or coder genuinely interested in trading renko can send me a pm. I will share with you my money management strategy and hopefully we can work out an EA that is much more effective.

Only trade this EA on demo for now as issues are not resolved and I want to test out and ultimately share my money management strategy as well when it is working as intended.
  • #688
  • Nov 14, 2010 9:02pm Nov 14, 2010 9:02pm
I have not tried out this EA but maybe the original programmer has some in-site? I love renko blocks and its hard to trade them based on it can take hours or minuets for a brick to finish. To much screen time... so an ea makes good sense.
Keep us posted wish I could help.
  • #689
  • Nov 14, 2010 10:55pm Nov 14, 2010 10:55pm
I am attempting to learn the Java/JForex language while making a Renko EA. Once it is complete I will post it here.
  • #690
  • Nov 15, 2010 1:06am Nov 15, 2010 1:06am
Is it possible that the EA might not be trading occasionally because of the time condition (start and end session) as stated in the settings?Does anyone have any idea how to remove that such that it is trading constantly?
  • #691
  • Nov 15, 2010 1:41am Nov 15, 2010 1:41am
Quoting Maveri4k
Is it possible that the EA might not be trading occasionally because of the time condition (start and end session) as stated in the settings?Does anyone have any idea how to remove that such that it is trading constantly?
It looks like its set for 23hours but I could be wrong. I just turned it on and so far no trades tonight. I'd love to help, maybe you can post your settings and we can all tweek from there.
  • #692
  • Nov 15, 2010 6:39pm Nov 15, 2010 6:39pm
Quoting mfurlend
That is very interesting about java/dukascopy. I think that technically it IS possible to backtest with 100% accuracy in MT4, but perhaps its not worth the effort. Technically though, you could write an EA to read a .csv file containing Dukascopy tick data instead of using the built-in .hst file.

Also in regard to what you said about "that would just be two seperate feeds" - its true, but you could access the Ask feed simply by writing
iClose(Symbol(),PERIOD_M5,0); (if you save it to a standard M5 timeframe)
Wow ... so many effort to accomodate a piece of s... so it works the way it should. Come on, there are so many good products around, why would you want to use the only one that just doesn't do its job ????
Don't just be a sheep : make your own idea of it.
  • #693
  • Nov 16, 2010 2:03pm Nov 16, 2010 2:03pm
[quote=Traderduke;4117388]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.


Hello Traderduke,
I tried your renko expert to take trades on the renko chart in vain. The EA does not take any trades. I do not know what is going on. I have my renko chart running very well, but my Mt4 IBfx platform does not take any trades. Any help will be appreciated.

Thanks
  • #694
  • Nov 17, 2010 5:06am Nov 17, 2010 5:06am
Quoting Maveri4k
Hi all,

I have tested the EA since monday on FX Primus using my VPS. While I can say that the EA trades ALMOST(you will understand as you read on) like what is stated in the backtest (using bartradeE 1 and bartradeX 1 options), I have a very urgent problem to point out and I REALLY hope that an experienced programmer/coder would access it and point out what is wrong so that I can start my forward testing A.S.A.P, meaning the start of the market next week.

Ok now for the problem, while the EA is correct in [b]Opening short after the close of...

I'm curiosly follow up this thread and using renko off. charts with ichimoku clouds ( both are japan )
I have an experience that EA's not work properly with renko.

3 questions for you:

- why renko box size is 75. did you optimize with manual trading or with EA?

- when examined your trading details I see 127.8 total profit: but in details two trades with -3.0 and -3.8 loss. Are these trades manually closed because for yor idea the amount of loss about 150 pips??

- what is the meaning of EA parameters bartradeE and X


I have started forward testing with different paraemeters.

Thanks...
  • #695
  • Nov 18, 2010 9:12pm Nov 18, 2010 9:12pm
Hello,

Bigger Renko Block Sizes are of course manually traded. I am just interested in testing whether I would still be profitable if I use smaller renko block sizes (e.g. 20 or 30)

BartradeE/X are merely the number of bars closed in the opposite direction that you want the EA to open a trade in that direction. E.g If you set Bartrade E and X to be 1, it means that should the renko blocks be initially in a downtrend(red box) and reverses hence printing 1 blue box, the EA will close all short positions and enter a long one.

Really there's no point forward testing the EA if no one can help to rectify the problem which I posted on the previous 1-2 pages.

I use 100 pips renko block for manual trading since the start of the year and have already made 7000 pips thus far. Not alot but for such a simple no brain-er strategy, why not add it to my trading portfolio? This is why I am so interested in an EA trading smaller renko blocks for me to see if it works.
  • #696
  • Nov 19, 2010 6:06am Nov 19, 2010 6:06am
Quoting Maveri4k
Hello,

Bigger Renko Block Sizes are of course manually traded. I am just interested in testing whether I would still be profitable if I use smaller renko block sizes (e.g. 20 or 30)

BartradeE/X are merely the number of bars closed in the opposite direction that you want the EA to open a trade in that direction. E.g If you set Bartrade E and X to be 1, it means that should the renko blocks be initially in a downtrend(red box) and reverses hence printing 1 blue box, the EA will close all short positions and enter a long one.

Really there's no...

If the EA works for 100 pip blocks it should work thesame for 5 pip blocks. The difference is that the spread is almost thesame as a 5-pip block. However, you will get a lot more stops hit than a 100 pip block since the 5-pip blocks form faster than the 100 pip blocks. you also will get a lot more wins on a 5-pip brick than a 100 pip brick.


Now I also would like to forward test the EA; however, it has never taken a trade ever since I put it on my renko chart. I am trying the EA on a 5-pip brick just to see if it can take just one trade, but nothing at all. I have a smilling face of the EA on my chart, I have checked allow live trading on the EA window, but still no trades at all.
If anyone could help i will appreciate it.

Thanks
  • #697
  • Nov 19, 2010 9:29am Nov 19, 2010 9:29am
Quoting Maveri4k
Hello,

Bigger Renko Block Sizes are of course manually traded. I am just interested in testing whether I would still be profitable if I use smaller renko block sizes (e.g. 20 or 30)

BartradeE/X are merely the number of bars closed in the opposite direction that you want the EA to open a trade in that direction. E.g If you set Bartrade E and X to be 1, it means that should the renko blocks be initially in a downtrend(red box) and reverses hence printing 1 blue box, the EA will close all short positions and enter a long one.

Really there's no...


Ever use 4h or daily chart
I think your trade idea could work these 2 charts !
  • #698
  • Nov 19, 2010 12:45pm Nov 19, 2010 12:45pm
Hi all.
I have a problem with renko chart. I downloded the latest version of EA when I used it , I saw it:
it is very necessary for me. whats the problem? thanks
left is: 1 min chart
right is: 20 pip renko chart made by EA
Attached Image (click to enlarge)
Click to Enlarge Name: problem.GIF Size: 29 KB
  • #699
  • Nov 19, 2010 1:18pm Nov 19, 2010 1:18pm
Quoting pardisali
Hi all.
I have a problem with renko chart. I downloded the latest version of EA when I used it , I saw it:
it is very necessary for me. whats the problem? thanks
left is: 1 min chart
right is: 20 pip renko chart made by EA
On the 1 min chart go into the properties of the RenkoLiveChart and turn - show wicks to false, this should sort it

Mark
  • #700
  • Nov 19, 2010 2:05pm Nov 19, 2010 2:05pm
Quoting ewinner
On the 1 min chart go into the properties of the RenkoLiveChart and turn - show wicks to false, this should sort it

Mark
I did it. but the big movement didn'nt appear in renko chart.
the wick is very very biger than the block.
why a new block didn't create?
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