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Renko Block Charts

  • #701
  • Nov 19, 2010 4:00pm Nov 19, 2010 4:00pm
Quoting pardisali
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?
Thats a good question!! your right, a new block should have opened.. Very strange, sorry i cant answer that one..

Mark
  • #702
  • Nov 20, 2010 7:11am Nov 20, 2010 7:11am
Unfortunately when such spike occurs within a M1-Candle the Renko-System is not able to capture this move correctly!
  • #703
  • Nov 20, 2010 9:18am Nov 20, 2010 9:18am
Quoting nightyhawk
Unfortunately when such spike occurs within a M1-Candle the Renko-System is not able to capture this move correctly!
1-is there any solution for fix this problem?
2-I think if we have tick charts for example 10sec chart instead of 1 min chart, we can fix this problem. is it right?
  • #704
  • Edited 7:38am Nov 21, 2010 7:26am | Edited 7:38am
The problem only occurs during the processing of historical bars (and then only rarely). Since you will not be trading on this information, there is no problem.

However, I see from most of the recent posts that many seem to be more concerned about backtesting than about making pips in the present.

Tha attached version of RLC fixes the "problem" with historical bars. It also changes the current bar logic and gets rid of the "floating" open. I'm aware that LastViking prefers the current bar open logic the way it is in RLC_v3.2 but I like it as it is in the attached version.
Attached File(s)
File Type: mq4 RenkoLiveChart_v3.3.mq4   14 KB | 2,010 downloads
Old Benjamin was right
  • #705
  • Nov 21, 2010 9:25am Nov 21, 2010 9:25am
Quoting Lou G
The problem only occurs during the processing of historical bars (and then only rarely). Since you will not be trading on this information, there is no problem.

However, I see from most of the recent posts that many seem to be more concerned about backtesting than about making pips in the present.

Tha attached version of RLC fixes the "problem" with historical bars. It also changes the current bar logic and gets rid of the "floating" open. I'm aware that LastViking prefers the current bar open logic the way it is in RLC_v3.2 but I like it...
What do you mean floating bar open?

Thanks
  • #706
  • Edited 10:12am Nov 21, 2010 9:59am | Edited 10:12am
Quoting cspip
What do you mean floating bar open?

Thanks
RLC_v3.2 allows the open of the current block to vary until a new block is completed at which time the open stabilizes.

RLC_v3.3 assumes current block open to be equal to the close of the previous block unless a reversal occurs. This is also the way it's done in the commercial Renko script.

Really just a matter of personal preference - neither way is right or wrong.

LastViking's code is still there but commented out in the source. If you prefer the floating version simply revive the old code and comment out the line that follows.

EDIT - sorry, for the error that said "remove TWO lines".
Old Benjamin was right
  • #707
  • Nov 22, 2010 2:25pm Nov 22, 2010 2:25pm
I have read many many threads over many years and never posted but after spending the weekend reading about trading with renko charts have to say thank you to LOU G for this thread.

Your simple setup - just a renko chart with pivot points is the best setup I have found. Read the thread and resisted putting any more indicators on except just for one - a trailing stop that shows build up of resistance/support levels and one alert to warn of any possible changes.

Good day to start using I know but 280 pips to the good: in the past have managed to lose considerably on days like these. Keep telling us to keep it simple! And hope you can keep the structure of the thread so that it is easy to understand - B****y fantastic.
  • #708
  • Edited 8:28am Nov 23, 2010 8:07am | Edited 8:28am
Quoting passgo
I have read many many threads over many years and never posted but after spending the weekend reading about trading with renko charts have to say thank you to LOU G for this thread.

Your simple setup - just a renko chart with pivot points is the best setup I have found. Read the thread and resisted putting any more indicators on except just for one - a trailing stop that shows build up of resistance/support levels and one alert to warn of any possible changes.

Good day to start using I know but 280 pips to the good: in the past have managed...
You're welcome. I think you may mean "support and resistance" rather than "pivot points" (which means something entirely different AFAIK).

I've been working with S&R a lot in the last year or so and it has definitely improved my trading.

I do believe in simplicity and make an effort to keep my charts free of unnecessary or redundant indicators. Doesn't please everyone but it works for me...

The real thanks for this thread go to EllisEdi and LastViking for bringing the open-source version of RenkoLiveChart to all of us.
Old Benjamin was right
  • #709
  • Nov 23, 2010 12:13pm Nov 23, 2010 12:13pm
could you please post chart

Quoting passgo
I have read many many threads over many years and never posted but after spending the weekend reading about trading with renko charts have to say thank you to LOU G for this thread.

Your simple setup - just a renko chart with pivot points is the best setup I have found. Read the thread and resisted putting any more indicators on except just for one - a trailing stop that shows build up of resistance/support levels and one alert to warn of any possible changes.

Good day to start using I know but 280 pips to the good: in the past have managed...
  • #710
  • Nov 23, 2010 11:10pm Nov 23, 2010 11:10pm
45Fxguy
sorry it took so long to get back. That file is the standard NonLag on this site just added rk for my use. I should have changed the setup name.


Quoting 45Fxguy
Traderduke,

Good to see someone still working on a new ea for renko charts.
I see "RK-NonLagMA_v7.9 parameters--", in it's input settings, but noticed you didn't post this indi. Does your ea need it, did you remove it, or planning to add it later?
Sorry if you've already mentioned this, & I missed the post.
Also good to see Lou G. is still keeping an eye on his thread...
Attached File(s)
File Type: mq4 RK-NonLagMA_v7.9.mq4   8 KB | 1,097 downloads
  • #711
  • Nov 24, 2010 7:08am Nov 24, 2010 7:08am
Hey Traderduke good to see you around,

I have posted the issues that I have encountered using the Renko Live 3.2 and your RK renko block EAs on page 46. Seems that EA suddenly closes all open trades once a day. Would you kindly take a look and see what might be the problem? I have tested with 3 different broker platforms and the issue occurs on all 3 so I don't think it is broker problem. Haven't tested out with the new attachments but will they solve the problem?

Thanks and regards.
  • #712
  • Nov 24, 2010 2:15pm Nov 24, 2010 2:15pm
[quote=Lou G;4193242]You're welcome. I think you may mean "support and resistance" rather than "pivot points" (which means something entirely different AFAIK).

... always learning: had to look up AFAIK so now have a new text for sms!

Take your point (no pun intended) - I am trading indices rather than forex and using the pivot points indicator gives me an idea of what happened last day, week and month. Might be better to use zig zag with values, Using a trailing stop indicator to highlight support/resistance - still deciding best indicator for this and whether even necessary.

Will post a screen once I have a little more experience of using set up. Forward testing expert adviser and will report back - as well as thanks to EllisEdi and LastViking also need to add thanks to traderduke and maveri4k
  • #713
  • Nov 25, 2010 12:11pm Nov 25, 2010 12:11pm
Maveri4k,
I posted that Ea in haste, Sorry! Here is the Corrected Comments and I don't understand your end of day Out. Did you change the EndHour to 24??



Quoting Maveri4k
Hey Traderduke good to see you around,

I have posted the issues that I have encountered using the Renko Live 3.2 and your RK renko block EAs on page 46. Seems that EA suddenly closes all open trades once a day. Would you kindly take a look and see what might be the problem? I have tested with 3 different broker platforms and the issue occurs on all 3 so I don't think it is broker problem. Haven't tested out with the new attachments but will they solve the problem?

Thanks and regards.
Attached File(s)
File Type: mq4 RK-Renko-Blocks_EAwKC-MA-5TrlS.v2.mq4   34 KB | 1,036 downloads
  • #714
  • Nov 25, 2010 11:20pm Nov 25, 2010 11:20pm
ok thanks will try it out,

Apparently I think I tried backtesting with start hour and min being 00:00 and end hour and minute being 24:00 after I experience the issue that I mentioned and nothing came out of the backtest. Maybe I did something wrong with the settings. Oh well no harm trying it again
  • #715
  • Nov 26, 2010 6:07am Nov 26, 2010 6:07am
Quoting Maveri4k
ok thanks will try it out,

Apparently I think I tried backtesting with start hour and min being 00:00 and end hour and minute being 24:00 after I experience the issue that I mentioned and nothing came out of the backtest. Maybe I did something wrong with the settings. Oh well no harm trying it again
Hours in mt4 (as in the TimeHour() function) begin at 0 and end at 23...
Old Benjamin was right
  • #716
  • Nov 26, 2010 6:18am Nov 26, 2010 6:18am
ok..so now that we're back to square one, anyone would like to surmiss as to the issue that I have experienced during my forward testing?
  • #717
  • Dec 1, 2010 11:28am Dec 1, 2010 11:28am
Hi Maveri4k

No trades? Back to the problem of orders shutting end of day? ... or of course something completely different.

Had no trades. Didn't notice the symbol check at the end of the code, so changed now to match my symbols. Set hours for London and New York sessions so see what happens.

Have one account which doesn't have M2 offline chart so been distracted trying to find indicators would give same performance as renko bricks: if can get the RK-NLMA_Stacked_EA4TSwKC-MA-5Trls.mq4 will be able to compare and contrast.

Be interesting to hear if you are getting expert advisor to work..........
  • #718
  • Dec 10, 2010 10:43am Dec 10, 2010 10:43am
Hi I just love these renko charts that Viking has coded. However I cannot find a simple moving average cross EA that will work on the renko charts. Dows anyone have one they can post?
Thank you!
  • #719
  • Dec 14, 2010 12:46am Dec 14, 2010 12:46am
search for generic ma cross RR makes an easy one
  • #720
  • Dec 15, 2010 3:48am Dec 15, 2010 3:48am
this thread is very good. it adds another dimension beyond normal candlestick. gotta read this thread through.


regards,
Don.
Different/opposing ideas will make us learn and understand many things.
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