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Attachments: Renko Block Charts
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Renko Block Charts

  • #761
  • Feb 15, 2011 5:57am Feb 15, 2011 5:57am
Quoting pippin4me
hi folks, thanks to the OP for this thread, it's good to see other FF members put renko to good use.

I've a few questions ...

Is there an MT4 indicator to show the information on current renko bar and previous renko bar - open and close info is all I need?

is there any mt4 indi which sounds/sends an alert for the following condition:

1. price reaches a horizontal level user specifies
2. renko bar closes at/around this level (alert given)
3. renko closes opposite color (alert given)

i guess this can help detecting possible reversals instead...
Attached is an indicator that sounds an alert whenever a completed Renko bar changes color.

//////////
Attached File(s)
File Type: mq4 RenkoColorChangeAlarm.mq4   2 KB | 1,605 downloads
  • #762
  • Feb 15, 2011 8:53pm Feb 15, 2011 8:53pm
Quoting eagle85
Attached is an indicator that sounds an alert whenever a completed Renko bar changes color.

//////////

Works great, thank you eagle!
  • #763
  • Feb 16, 2011 2:45am Feb 16, 2011 2:45am
Quoting pippin4me
Works great, thank you eagle!
All credit for this excellent indicator is due to the generosity of Karakurt on Forex TSD.

//////////
  • #764
  • Feb 16, 2011 11:16am Feb 16, 2011 11:16am
Quoting mfurlend
What are you referring to when you say "that EA?"
If you are talking about my modification of the renko livechart EA then your question makes no sense as that EA is for generating history data not trading.

If on the other hand you are talking about an EA intended for use on renko charts, which works in backtesting but fails to open trades live, here is the solution:

Drop this script onto the renko chart after loading the EA.
(small modification of the JumpStart script)
does not work. compiling leads to :"RegisterWindowMessageA - function is not defined"
  • #765
  • Feb 16, 2011 7:35pm Feb 16, 2011 7:35pm
Quoting marley60
does not work. compiling leads to :"RegisterWindowMessageA - function is not defined"
Ah, right - sorry. Replace your copy of WinUser32.mqh with this one. And of course enable DLLs.
Attached File(s)
File Type: mqh WinUser32.mqh   18 KB | 719 downloads
  • #766
  • Feb 21, 2011 10:37am Feb 21, 2011 10:37am
Hello,

Renko is great, but could somebody tell me how to use any MA Cross EA on RENKO CHART?? I use Renko Live Chart 2.1 to generate Charts.

I have MA CROSS EA working on Renko Chart, the icon shows that all is OK, but it make no transaction after the cross. Could you help me?
  • #767
  • Feb 23, 2011 9:46am Feb 23, 2011 9:46am
Quoting radoslawz
Hello,

Renko is great, but could somebody tell me how to use any MA Cross EA on RENKO CHART?? I use Renko Live Chart 2.1 to generate Charts.

I have MA CROSS EA working on Renko Chart, the icon shows that all is OK, but it make no transaction after the cross. Could you help me?
Read my posts.
  • #768
  • Feb 24, 2011 1:56am Feb 24, 2011 1:56am
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...
I like the non floating open, however i my opinion there is a logic fault. if the current bar open < previous close the open is not fixed when the bar closes up instead of down. So on the start of a new bar it can happen that the open of the previous bar changes! Which add a bit of havoc to my indies

Is it possible to have the open as a REAL FIXED open, so no changes uner any circumstance?

thanks to LastViking for the great EA and LouG for the adaptation

Gideon
  • #769
  • Feb 24, 2011 9:56am Feb 24, 2011 9:56am
Quoting forexcobra
I like the non floating open, however i my opinion there is a logic fault. if the current bar open < previous close the open is not fixed when the bar closes up instead of down. So on the start of a new bar it can happen that the open of the previous bar changes! Which add a bit of havoc to my indies

Is it possible to have the open as a REAL FIXED open, so no changes uner any circumstance?

thanks to LastViking for the great EA and LouG for the adaptation

Gideon
Can't be done without violating the rules of Renko - if the open of the current block was the same as the close of the previous block how would you handle a reversal? Can't have a block twice as large as the Renko blocksize...
Old Benjamin was right
  • #770
  • Feb 26, 2011 11:26am Feb 26, 2011 11:26am
Lou G
I have written a very simple EA which seems to work and fail. Its based on the Renko bricks changing, Entry on reversal of Bricks and Out on reversal of bricks. Can you or anyone else see the problems?? I set it up with several Bricks back but they can be //Out.

Thank you for all your insite into Renko

Ray
Attached File(s)
File Type: mq4 RK-Renko-Blocks-trades.mq4   19 KB | 1,072 downloads
  • #771
  • Edited 2:19pm Feb 26, 2011 1:45pm | Edited 2:19pm
Quoting Traderduke
Lou G
I have written a very simple EA which seems to work and fail. Its based on the Renko bricks changing, Entry on reversal of Bricks and Out on reversal of bricks. Can you or anyone else see the problems?? I set it up with several Bricks back but they can be //Out.

Thank you for all your insite into Renko

Ray
thank you for your EA, why you say it fail? have you tried in demo testing? i will put this in demo test on monday morning.

Edited/Added: Backtest looks good. It seems too good to be true, so its time to bring into next stage (demo test)
  • #772
  • Feb 26, 2011 2:50pm Feb 26, 2011 2:50pm
Quoting Traderduke
Lou G
I have written a very simple EA which seems to work and fail. Its based on the Renko bricks changing, Entry on reversal of Bricks and Out on reversal of bricks. Can you or anyone else see the problems?? I set it up with several Bricks back but they can be //Out.

Thank you for all your insite into Renko

Ray
When you say that the EA "works and fails" what do you mean?

Have you tried slipping in some Comment() and/or Print() statements to see the value of variables that might affect trading? The trade logic appears to be of the "always in" type so you should be able to debug the code easily. Set up the appropriate variable displays using Comment() and test it live using small Renko blocks so you don't wait all day for a trade condition to appear...
Old Benjamin was right
  • #773
  • Edited 1:48am Feb 27, 2011 12:39am | Edited 1:48am
a quick question to all who has used the Renko Block Trade in live testing, will the EA trade well if set BarTradeE and BarTradeX to 0?

Edited: Ok, I think I can say that this Block Trade EA fails. We can't use BarTradeE and Bar TradeX 0 as we cannot trade the future. Here's the backtest using BarTradeE and BarTradeX using 1, and should be similar to live testing result. Backtest period 2009 July till now. Renko 10 block size.

http://img832.imageshack.us/img832/2839/testergraph.gif
  • #774
  • Feb 27, 2011 9:06am Feb 27, 2011 9:06am
Quoting Lou G
When you say that the EA "works and fails" what do you mean?
Since you have not answered this question I will assume that "works but fails" means that the EA runs but does not generate a profit.

Your logic error lies in having the expectation that simply trading every reversal WILL result in long-term profit. This notion is fundamentally flawed - ranging markets will eat your account for lunch.
Old Benjamin was right
  • #775
  • Feb 27, 2011 10:57am Feb 27, 2011 10:57am
Quoting Lou G
Since you have not answered this question I will assume that "works but fails" means that the EA runs but does not generate a profit.

Your logic error lies in having the expectation that simply trading every reversal WILL result in long-term profit. This notion is fundamentally flawed - ranging markets will eat your account for lunch.
I think my explanation has answered why it 'works but fails'.
  • #776
  • Feb 27, 2011 4:55pm Feb 27, 2011 4:55pm
Lou G & Others

Sorry I've been away for the weekend. When I said "works and fails' I meant its trades and wins on back test but misses some trades that visually you would think it would catch. No, I havent traded it on live demo YET! That will start right now but time wise it won't start till 2AM EST up to 11AM EST. I had hoped someone would see the flaw i mentioned earlier. Yes backtesting on the current candle is ridicules so I trade on the last closed candle compared to the previous candle. Yes , it is best traded during the most active times and MM SL & TP will play a big part. I put it up on this Renko site in hopes some of you can say yea or nea and help with the testing if you think this EA has some merit and "it may not" but don't slam it untill you know it. Yes I do use comments, but sometimes data windows work better.

During active hours more often then not depending on the brick size there may be several bricks of the same color for quit some time.

I have several ideas about Renko Eas and was hoping to find a group who would help test them. Some times one little line of program is all that needs the tweak.

Any helpful comments will be appreciated.

Ray
  • #777
  • Feb 27, 2011 6:44pm Feb 27, 2011 6:44pm
Hello Traderduke,

Thank you for your efforts to develop an EA for the Renko charting method. It was added to my EUR/JPY chart using a brick size of 15 pips at 23:52 GMT and immediately sold one mini lot at 112.115.
The Take Profit variable was set at 100 which I assumed represented 10 pips but that level was exceeded and the trade is still in force. Any guidance on this matter would be appreciated.

//////////
  • #778
  • Feb 27, 2011 7:46pm Feb 27, 2011 7:46pm
Quoting wilsonch
a quick question to all who has used the Renko Block Trade in live testing, will the EA trade well if set BarTradeE and BarTradeX to 0?

Edited: Ok, I think I can say that this Block Trade EA fails. We can't use BarTradeE and Bar TradeX 0 as we cannot trade the future. Here's the backtest using BarTradeE and BarTradeX using 1, and should be similar to live testing result. Backtest period 2009 July till now. Renko 10 block size.

http://img832.imageshack.us/img832/2839/testergraph.gif
I hope you don't take it the wrong way, I have made it darn clear why I think your this EA not working. But I would love to test your other Renko EA or ideas. I'm not sure if you or Lou have found out the 'fail' reasons. 'cause what I read from Lou is only saying your 'logic' is error and flawed, but i can't see any exact explanation yet. There's two things WHY your EA look good in backtest but fail in live demo.

1) it is using Close[0], this itself will not work as you have said that it is ridiculous and we cannot trade the future.
2) I don't know which script you are using. But i think the one found here the order entry and exit at the reversal candles are mostly wrong. For example, using your EA at renko 10 pips block, your EA detected a bullish signal and enter at the close of current bar, but then a reversal happens, in which you should have incurred a loss of 20 pips. In backtest, your script may only incur 10 pips. Attached is the example.

http://img828.imageshack.us/img828/6928/testmo.png

I dont know why i keep doing this, it seems like no one gives a shit. Adios!

Edited: If you guys were wondering what is that backtest graph, it is the one that I use Close[1] for both entry and exit, backtesting using the corrected method of backtest which I pinpoint in point 2. This is the 'CORRECT' and most reliable way of backtesting. If you manage to draw a straight upward trend here, you can do that in live testing too.
  • #779
  • Feb 28, 2011 8:25am Feb 28, 2011 8:25am
Quoting wilsonch
...what I read from Lou is only saying your 'logic' is error and flawed, but i can't see any exact explanation yet.
The flaw lies in assuming that entering a trade on every Renko reversal will result in a long-term profit.

That's as exact an explanation as I can provide.
Old Benjamin was right
  • #780
  • Mar 16, 2011 9:21am Mar 16, 2011 9:21am
Hello,
here is my problem: sometimes I have a serious delay when I send orders.
That happens because cpu-usage is at 100% and everything is like frozen.
That is because with every new tick every indicator is calculated from the start of its history.

1.How can I reduce the history to a period that makes sence
(my eurusd 1-min chart begins April 2010) ?
5 days would be enough....

2.How do I have to change the code in order to calculate an indicator only once per bar (take the close of bar[1] only on the open of the new bar and avoid signals that disappear once a new bar starts and therefore prevent repainting)?

If you know any examples of indicators that have this calculate only once function please tell me...
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