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Trading Renko

  • #821
  • Edited 5:20pm Dec 7, 2010 2:50pm | Edited 5:20pm
Quoting tommbstone
Can you elaborate a bit on what these are and do?
They are live renko charts. You put them on 1M chart and they will create offline renko chart which you can open as offline chart and put on it your EAs, indicators, scripts.
There are 4 types off them.
Real ones attempt to create renko blocks but you will never get perfect blocks since real data rarely matches blocks open and close levels.
Original inserts extra ticks to make perfect blocks.
Para differs from original that it creates parallel blocks. If the price moves one block in one direction and then reverts one block in opposite direction you will get two parallel blocks which doesn't happen in normal renko.
Updated real chart-fixed calculation of back data
Attached File(s)
File Type: mq4 Renko_Live_Jake_para_real_v5.mq4   15 KB | 1,300 downloads
File Type: mq4 Renko_Live_Jake_real_v5.mq4   15 KB | 1,127 downloads
  • #822
  • Dec 8, 2010 11:37pm Dec 8, 2010 11:37pm
Quoting jake2701
1.Renko original
2.Renko original parallel
3.Renko real
4.Renko real parallel
I developed also methods of backtesting EAs on renko charts - if used with recorded ticks, as accurate as recorded ticks are.
Jake
[email protected]
Hi Jake

Can you share with us what method you have developed to test renko
  • #823
  • Dec 9, 2010 2:35am Dec 9, 2010 2:35am
Quoting forexzak
Hi Jake

Can you share with us what method you have developed to test renko
Firstly, back-testing on the latest MT4 platform is absolutely useless, especially renkos with small blocks. To do proper test you need build225 installation, loader and recorded ticks. All this is described at http://eareview.net/tick-data
I record my own ticks from my broker off real account, as I found out demos have very often different price feed (my EA trades different on real and different on demo, sometimes very different).
After you have your ticks - you can download them from few places or record your own - you need script to convert them into FXT file - used by back-tester of MT4 terminal - into renko chart. You can convert them into original renko or real renko, I prefer real renko, and parallel one proves to be really useful. Advantage of having real renko in FXT file is that there are no artificially introduced ticks to create renko blocks open and close prices and if I want to use original renko to calculate indicators - I have original renko generator built into my EAs and indicators calculated inside EAs based on renko generated. That way back-tester gets only real recorded ticks and EA can use either - real renko from FXT file or original renko generated by EA.
That is roughly how I do it.
Regards Jake
  • #824
  • Dec 9, 2010 5:22am Dec 9, 2010 5:22am
Quoting jake2701
Firstly, back-testing on the latest MT4 platform is absolutely useless, especially renkos with small blocks. To do proper test you need build225 installation, loader and recorded ticks. All this is described at http://eareview.net/tick-data
I record my own ticks from my broker off real account, as I found out demos have very often different price feed (my EA trades different on real and different on demo, sometimes very different).
After you have your ticks - you can download them from few places or record your own - you need script...
Thank you so much for explanation
  • #825
  • Dec 12, 2010 5:40pm Dec 12, 2010 5:40pm
Quoting jake2701
They are live renko charts. You put them on 1M chart and they will create offline renko chart which you can open as offline chart and put on it your EAs, indicators, scripts.
There are 4 types off them.
Real ones attempt to create renko blocks but you will never get perfect blocks since real data rarely matches blocks open and close levels.
Original inserts extra ticks to make perfect blocks.
Para differs from original that it creates parallel blocks. If the price moves one block in one direction and then reverts one block in opposite direction...
Hello Jake, thank you for sharing this new version of the Renko indicator, when I dragged it onto the chart, nothing happens, I don't get the window where I can set properties and when do a right-click on the chart and go in the indicators list, it's not there, i was wondering if there's something that i'm doing wrong in loading the indicator onto the 1M chart. Thanks
  • #826
  • Dec 13, 2010 1:23am Dec 13, 2010 1:23am
Quoting zxpips
Hello Jake, thank you for sharing this new version of the Renko indicator, when I dragged it onto the chart, nothing happens, I don't get the window where I can set properties and when do a right-click on the chart and go in the indicators list, it's not there, i was wondering if there's something that i'm doing wrong in loading the indicator onto the 1M chart. Thanks
They are EAs. They have to be put into "experts" directory, not "experts\indicators", and compiled. Then you put them on 1M chart, and open offline chart of period you set in EAs settings(it cannot be one of standard periods, EA will just refuse to work).
Jake
  • #827
  • Dec 17, 2010 11:20pm Dec 17, 2010 11:20pm
hi guy,
is it possible to open multi renko chart in mt4?
i try to apply to EU and GU at the same time
but it just work on EU only.
  • #828
  • Jan 3, 2011 2:18pm Jan 3, 2011 2:18pm
I am trading with renko for the past 2 years and I wish to use a ea designed by "trading system forex" using ergodic cci and it works well.

I want to add meta trader indicator cci and rsi black feet modded indicator as two addendum to the EA which is already well.

both to be set as true or false for entry and exit confirmations.

If any one is willing please pm me so that I can provide all details.

I can mostly offer 20$ for this simple EA than asking for a free help.

and the Need is URGENT.

regards
piptrap
  • #829
  • Jan 3, 2011 2:41pm Jan 3, 2011 2:41pm
Quoting piptrap
I am trading with renko for the past 2 years and I wish to use a ea designed by "trading system forex" using ergodic cci and it works well.

I want to add meta trader indicator cci and rsi black feet modded indicator as two addendum to the EA which is already well.

both to be set as true or false for entry and exit confirmations.

If any one is willing please pm me so that I can provide all details.

I can mostly offer 20$ for this simple EA than asking for a free help.

and the Need is URGENT.

regards
piptrap
considering you were rude to me and quite a few others i would steer clear of this guy.
  • #830
  • Jan 3, 2011 2:50pm Jan 3, 2011 2:50pm
You can use this EA.

Attach it to M1, and open offline M2.


Quoting hankeys
is there any way how to get a RANGE BARS to MT4? some indicator or EA?

thanks
Attached File(s)
File Type: mq4 RenkoRangeBarsV1.2.mq4   13 KB | 1,264 downloads
  • #831
  • Jan 4, 2011 10:02am Jan 4, 2011 10:02am
Quoting stimpy
considering you were rude to me and quite a few others i would steer clear of this guy.
Yes I am really rude to lazy people as always, consider the thread starter Loug to this great forex society, had anybody seen a lazy trader here.,you can see stimpy,

simply he cannot put the indicators to a normal m2 chart and make it as a template and look into the chart while the indicators are all just a second download and he blames me to be rude.,

I am really ashamed to speak with these sort of people still roaming on to see and live on others work.

stimpy cheer off., from this forum.This forum is for learners and those who work on their part. Lazy junks please be off from this forum.I am tired of this stimpy the laziest person I had found in this forum sucking others blood.Traders and programmers beware of these sort of lazy people and avoid answering their questions. I neglected his post but I wished to publish these sort of lazy persons.

regards
piptrap.
  • #832
  • Jan 4, 2011 11:06am Jan 4, 2011 11:06am
Quoting piptrap
Yes I am really rude to lazy people as always, consider the thread starter Loug to this great forex society, had anybody seen a lazy trader here.,you can see stimpy,

simply he cannot put the indicators to a normal m2 chart and make it as a template and look into the chart while the indicators are all just a second download and he blames me to be rude.,

I am really ashamed to speak with these sort of people still roaming on to see and live on others work.

stimpy cheer off., from this forum.This forum is for learners and those who work...
drivel.

post your indicators with template in one package.

next i guess youll thank glory to god.
  • #833
  • Jan 5, 2011 4:25am Jan 5, 2011 4:25am
Quoting stimpy
drivel.

post your indicators with template in one package.

next i guess youll thank glory to god.
I have made all indicators in one post , but I have devised more than 2 systems to trade renko., If you are willing make all those indicators into one chart, make a template -just 2 minutes of work - I have uploaded all indicators I use.

so take care before you make another request for a template., I felt bored answering you for the repeat chill querries you make.

sorry man I can't request god, I persever'd a lot for this and if u are willing to work or help do that in making a template with the loaded indicators in my thread and make an EA out of it.

No MORE QUESTIONS IN THIS REGARD.

Don't reply in vain.

I don't like lazy people here.Those who work are rewarded and I do work for anything., you cannot make a simple template out of my hard work with indicators for a clear framed out system then what are you looking for into my system.

ok nothing to vend more.damn with .

regards
piptrap
  • #834
  • Jan 5, 2011 4:52am Jan 5, 2011 4:52am
Quoting piptrap
I have made all indicators in one post , but I have devised more than 2 systems to trade renko., If you are willing make all those indicators into one chart, make a template -just 2 minutes of work - I have uploaded all indicators I use.

so take care before you make another request for a template., I felt bored answering you for the repeat chill querries you make.

sorry man I can't request god, I persever'd a lot for this and if u are willing to work or help do that in making a template with the loaded indicators in my thread and make an...
gotta love forums. how else would i spend my time.
  • #835
  • Jan 13, 2011 12:07pm Jan 13, 2011 12:07pm
Could someone explain how a moving average is calculated on offline
renko charts set to m2

If i place a 24 simple average is that 24 periods of m2?

I am just confused when setting indicator, moving average
like wanting to use a one hour rsi set to 14 what would i set this to on a
M2 offline renko ?
  • #836
  • Jan 13, 2011 1:08pm Jan 13, 2011 1:08pm
Quoting toddanderson
Could someone explain how a moving average is calculated on offline
renko charts set to m2

If i place a 24 simple average is that 24 periods of m2?

I am just confused when setting indicator, moving average
like wanting to use a one hour rsi set to 14 what would i set this to on a
M2 offline renko ?
Hi

"m2" in an offline chart does not refer to the timeframe, as renko bars are not of equal duration.
"m2" is only a way to produce the chart history file so that it won't overwrite one of the "real" timeframe MT4 charts (like m1 or m5).

A 24-period MA is in essence an MA calculated on 24-consecutive-bars.
Plotting a 24MA on an offline chart (such as renko) will plot a 24-bars MA, which will not be related to time, but only to bars number.

A 24SMA on the "m2" renko chart will have nothing to do with "24 times 2-minutes-bars"

Hope i am clear enough
Sq
  • #837
  • Jan 13, 2011 1:24pm Jan 13, 2011 1:24pm
Quoting toddanderson
Could someone explain how a moving average is calculated on offline
renko charts set to m2

If i place a 24 simple average is that 24 periods of m2?

I am just confused when setting indicator, moving average
like wanting to use a one hour rsi set to 14 what would i set this to on a
M2 offline renko ?
Hi.

According to my experience with the offline Renko charts:

If you want to place a MTF indicator, just be careful that the MTF has a higer timeframe than your offline chart. I have observed repainting for MTF indicators.

The normal indicators should be follow the information of your Renko bricks.

Regards.
  • #838
  • Jan 13, 2011 1:24pm Jan 13, 2011 1:24pm
Yes I understand now thank you


Quoting squalou
Hi

"m2" in an offline chart does not refer to the timeframe, as renko bars are not of equal duration.
"m2" is only a way to produce the chart history file so that it won't overwrite one of the "real" timeframe MT4 charts (like m1 or m5).

A 24-period MA is in essence an MA calculated on 24-consecutive-bars.
Plotting a 24MA on an offline chart (such as renko) will plot a 24-bars MA, which will not be related to time, but only to bars number.

A 24SMA on the "m2" renko chart will have nothing to do with "24 times 2-minutes-bars"

Hope...
  • #839
  • Jan 21, 2011 7:43am Jan 21, 2011 7:43am
LouG,

I stopped reading this forum when it degenerated into the usual indicator and EA postings. Can you tell me how you are doing with your simple support and resistance trading? I understand you trade at 00 GMT between S&R lines. Yours was the best, simplest system on the forum. Just wondering how you are doing with it now.
  • #840
  • Feb 28, 2011 11:46am Feb 28, 2011 11:46am
May I know is there any differences between an Indicator version compare to the expert version in RenkoLiveChart?
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