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  • #841
  • Mar 1, 2011 11:51pm Mar 1, 2011 11:51pm
Quoting geekhunter
May I know is there any differences between an Indicator version compare to the expert version in RenkoLiveChart?
thought Id never post again but here i am.

the difference is that i believe that the EA version has wicks because its newer and the indicator version doesn't have wicks. but i could be wrong. but if you do not use wicks, then it won't matter at all.
  • #842
  • Mar 2, 2011 12:36am Mar 2, 2011 12:36am
here is the indicator version Renko Live Chart. The output is identical with RenkoLiveChart_v3.3.mq4
Attached File(s)
File Type: mq4 RenkoLiveChart-Not EA.mq4   14 KB | 5,568 downloads
  • #843
  • Mar 2, 2011 12:44am Mar 2, 2011 12:44am
https://lh4.googleusercontent.com/-T...eu1mar2011.gif

Ranging market yesterday and today Sell @1.3780 (EU)
  • #844
  • Mar 3, 2011 2:07am Mar 3, 2011 2:07am
If you want get real life renko why don't you use mine. Fixed renko has many flaws, my para renko has much more life information, and real para renko is the best answer to market conditions. It works beautifully on my EAs, my backtests match real life and I don't get fooled by some wonderful strategies.
Quoting ohruj
https://lh4.googleusercontent.com/-T...eu1mar2011.gif

Ranging market yesterday and today Sell @1.3780 (EU)
  • #845
  • Mar 15, 2011 8:53pm Mar 15, 2011 8:53pm
Hello fellow Renko traders,

I have an idea for an indicator with an alarm but I don't have any coding skills so maybe some one could give it a try. I have attached 2 indicators that have some of the code that may be needed if that might help some. Also, I have attached a chart for a visual sample.

Basically what my idea is, the indicator would give all three of the following type alarms at once:

audible alarm, arrow on the chart, and email when the following happens:

Say we are in a downtrend and we have a rally going. When the renko chart prints at least one full bar that is above Both moving averages and then when it prints the first bar back down it would give a signal IF the MA's have not crossed on the upside at the time it printed the down renko. Never mind the magenta colored MA on my chart it's just there to show the trend and long term support/resistance areas.

Of course it would also give an alarm when the opposite happened in an uptrend.

It doesn't matter if there are more than one Renko bars above both MA's it just needs to give an alarm after the renko's gets up above both MA's and the MA's have not crossed yet when it prints the opposite direction Renko.

See attached chart for visual example.
http://www.forexfactory.com/attachme...1&d=1300239431


The MA Crossover Alert.mq4 has the code for the arrow on the chart and email alert and the RenkoColorChangeAlarm.mq4 has the audible alarm for the color change in the renko bar. I hope this helps.

Any body willing to give it a try?

Thanks in Advance!
SatchFan
Attached Image (click to enlarge)
Click to Enlarge Name: Renko Indicator Idea.jpg Size: 48 KB
Attached File(s)
File Type: mq4 MA Crossover Alert.mq4   10 KB | 1,374 downloads
File Type: mq4 RenkoColorChangeAlarm.mq4   2 KB | 2,125 downloads
  • #846
  • Apr 8, 2011 12:46pm Apr 8, 2011 12:46pm
Folks
I have a question

I use Commercial Renko Script with following setting, but the results on foreward testing are not the same as backtesting. I know that results on back-test, forward test demo, and foreward test real are different. But if they are different in a range of 20% it is acceptable and we can optimize our strategy to improve.

My Renko Settings are:
Bar Range : 10
Time Frame: 2
Max Bars: 200000
Rescale for 5 Digits Broker: true
Show wicks : true
Anchor Price : 0.0
Backtest mode: false

With above settings simple moving average EA shows good results but the create a renko chart with BACKTESTMODE=true the EA results are drastic.

My question are:
1. Should we use Wick of not
2. Why should we use Backtest mode if the indicators are on close price.
3. For 10-Pip Renko what is the optimal StopLoss before the bar is reverse.

Appreciate help on above question.
  • #847
  • Apr 9, 2011 6:41am Apr 9, 2011 6:41am
renko is interesting, pure price action, but time factor is also important
  • #848
  • Edited 7:59am Apr 17, 2011 7:20am | Edited 7:59am
Quoting SatchFan
I have an idea for an indicator with an alarm but I don't have any coding skills so maybe some one could give it a try.....

Say we are in a downtrend and we have a rally going. When the renko chart prints at least one full bar that is above Both moving averages and then when it prints the first bar back down it would give a signal IF the MA's have not crossed on the upside at the time it printed the down renko. Never mind the magenta colored MA on my chart it's just there...
The exact definition of a trend is missing so the indicator will not perform adequately in ranging markets. Anyway here is an indicator based on what you have specified:
Attached File(s)
File Type: mq4 SnatchRenko.mq4   10 KB | 1,981 downloads
  • #849
  • Oct 12, 2011 8:29pm Oct 12, 2011 8:29pm
Quoting Shabs19
Simple set up is best
Hi Shabs,
I am very interested in the 10 pips Renko you have. Can you possibly share it with me?
Rick
  • #850
  • Edited 6:01pm Oct 22, 2011 1:13am | Edited 6:01pm
Dear All,

I tried many indicator on Renko Chart, sometimes mix them & write some EA to test...

I found that one of the best way to trade Renko Chart is to use TRAILING PENDING ORDER (with or without any indicator that acts as BuyStop & SellStop)

I have made my own EA as well for that Logic..

Check this link:
http://hlinenrtr.mt4live.com/

If you want to trade Renko Chart, i suggest not to use Renko Offline Chart coz sometimes it's mess. Try to built Renko Function & combine them in one EA so you could Run that EA on TF M1 (doesn't need to open Renko Chart) & absolutely you could Bactested it on M1 Timeframe...

Regards
  • #851
  • Oct 22, 2011 3:24pm Oct 22, 2011 3:24pm
Hi guys,
Am working on trying to work out a good strategy using Renko bars.
Still on it.
Attached Image (click to enlarge)
Click to Enlarge Name: Image 2.png Size: 23 KB
  • #852
  • Oct 22, 2011 3:49pm Oct 22, 2011 3:49pm
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]

Jake, I like your parallel Renko. It was an idea I also had, to show a reversal in direction after one block rather than two. Your EA works pretty well, but I see, if I turn the wicks off, they disappear, but as new bars come, they return again.
Also, you used to have indicator version (which I think are actually better). Do you have the Parallel version as an indicator?
Great work.
db
  • #853
  • Edited Oct 23, 2011 5:26am Oct 22, 2011 6:21pm | Edited Oct 23, 2011 5:26am
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]
Dear Jake,

You're a great coder. I've made my own GetRenko() function that combined on EA, so i don't have to open Renko Chart (i found that this is the best way to trade Renko Candle - coz on offline Chart, Renko Candle sometimes mising)

Check my EA result on previous post (#850). I'm trying to create function of this indicator (NRTR_Rosh_v2eAlert_mtf (2)) & it'll combine with my GetRenko() function..

Is it ok if send you an email?

Trims

Note:
Renko Ashi 2 Autotrading
  • #854
  • Oct 24, 2011 7:30am Oct 24, 2011 7:30am
What is the download "Renko Ashi 2 Hidden TP and SL"? Is that a PDF or an EA or what?

Quoting rnwd
Dear Jake,

You're a great coder. I've made my own GetRenko() function that combined on EA, so i don't have to open Renko Chart (i found that this is the best way to trade Renko Candle - coz on offline Chart, Renko Candle sometimes mising)

Check my EA result on previous post (#850). I'm trying to create function of this indicator (NRTR_Rosh_v2eAlert_mtf (2)) & it'll combine with my GetRenko() function..

Is it ok if send you an email?

Trims

Note:
[url="http://www.4shared.com/file/69xsb7RJ/Renko_Ashi_2_Hidden_TP__SL.html"]Renko...
  • #855
  • Edited 8:03am Oct 24, 2011 7:37am | Edited 8:03am
Quoting Dreamliner
What is the download "Renko Ashi 2 Hidden TP and SL"? Is that a PDF or an EA or what?
That's a Full Package contain files:
- Indicators,
- Library+Include (LibOrderReliable),
- EA for Renko Ashi 2 Autotrading &
- mt4ticker also (usefull tool to stabilized your Renko Chart)

It's an exe file, just run it (it's absolutely 100% free but i'm not testing it yet)

Regards

Nb:
Anybody want to help me tes my private EA (on post #850), please PM your e-mail
  • #856
  • Oct 24, 2011 5:29pm Oct 24, 2011 5:29pm
Quoting rnwd
Dear Jake,

You're a great coder. I've made my own GetRenko() function that combined on EA, so i don't have to open Renko Chart (i found that this is the best way to trade Renko Candle - coz on offline Chart, Renko Candle sometimes mising)

Check my EA result on previous post (#850). I'm trying to create function of this indicator (NRTR_Rosh_v2eAlert_mtf (2)) & it'll combine with my GetRenko() function..

Is it ok if send you an email?

Trims

Note:
[url="http://www.4shared.com/file/69xsb7RJ/Renko_Ashi_2_Hidden_TP__SL.html"]Renko...
Using internal renko chart calculation occurred to me long time ago, and all my EA's employ internal calculation of Renko chart as an option, in all flavours of Renko. Therefore EAs can be placed on any chart. All indicators are then also calculated internally, but placing EAs on offline renko gives you visual check of what is happening...
Regards Jake
  • #857
  • Oct 30, 2011 8:52am Oct 30, 2011 8:52am
Hi to everyone!

I started a new thread with my renko system.

Feel free to join us!

http://www.forexfactory.com/showthread.php?p=5082
  • #858
  • Oct 30, 2011 10:27am Oct 30, 2011 10:27am
Sorry, you have requested an invalid page
  • #859
  • Jan 21, 2012 6:57pm Jan 21, 2012 6:57pm
SUCH a wonderful explanation. THANK YOU!


Quoting wieb
You can use MT4 demo or MT4 live for displaying Renko chart.


Do these step for displaying Renko chart :

1. download RenkoLiveChart_v3.2.mq4 and put it into program files/metatrader/experts folder

2. download renko.zip and extract it

3. put all EX4 and MQ4 files from renko.zip...
  • #860
  • Feb 28, 2012 4:20am Feb 28, 2012 4:20am
DOes anyone here know which is better s-renko ea or renko live chart not ea(indicator)?

I will be trading using an ea which needs speed.
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