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How to backtest Renko?

  • #81
  • Nov 2, 2011 8:18am Nov 2, 2011 8:18am
Quoting DarkViking
Callisto: Time is not the issue on Renko/range bars. It only moves according to price only on predefined steps and show up on a chart accordingly. The 1M chart is only used to get data to the EA/indicator and then create a offline chart so you can trade with that instead of regular 1M,5M,15M...charts..
OK, maybe you misunderstand me, or I misunderstand the point you are making.

I am quite familiar with Range Bars, offline charts, and how to get them in MT4, in fact just gave some lessons today here

http://www.forexfactory.com/showthre...78#post5094578

and

http://www.forexfactory.com/showthre...05#post5094605

My question, can word this simple, when the EA/indicator is applied to what I call the "base" chart, and it is usually 1 Minute ----

How critical is it that the 1 Minute, "base" chart time frame is not changed to 5 minutes, or 15 minutes?

I was under the impression that the latest EA/indicator from NIX allowed that chart to be changed and was wondering why the website did not make mention of this --- I would think it is a "feature" well worth mentioning.

That's all
OPPORTUNITY IS NOWHERE
  • #82
  • Nov 2, 2011 11:19am Nov 2, 2011 11:19am
Quoting Callisto
OK, maybe you misunderstand me, or I misunderstand the point you are making.

I am quite familiar with Range Bars, offline charts, and how to get them in MT4, in fact just gave some lessons today here

http://www.forexfactory.com/showthre...78#post5094578

and

http://www.forexfactory.com/showthre...05#post5094605

My question, can word this simple, when the EA/indicator is applied to what I call the "base" chart, and it is usually 1 Minute ----

How critical is it that the 1 Minute,...
I understand you know how to set it up. But still you need the 1M chart, since this way you get best data feed etc.. If you are still not convinced you can try to compare 2 chart with different offline chart names (M2/M3) extracted from 2 different base charts and see how they correlate ..
  • #83
  • May 12, 2012 2:05am May 12, 2012 2:05am
This renko script do not show wicks. Please give me any renko script with wicks.
  • #84
  • Oct 6, 2012 6:59pm Oct 6, 2012 6:59pm
Quoting nix
One of the users here asked me to post backtesting vs. live resluts for my renko plug-in. For this purpose I've done a weekly forward test on a small live account using my renko EA and I've also run a backtest on the weeks data to compare the results:

The live result screenshot:
http://www.the-forex-strategy.com/renko/live.gif

The backtest screenshot:
http://www.the-forex-strategy.com/renko/backtest.gif

The test is done from 2011.05.01 (from the red vertical line)

Trades are open on a new renko brick (when specific...
Nix you seem very proficient in renko backtesting.
What software is needed to be able to backtest on a renko system?
  • #85
  • Mar 8, 2015 1:49pm Mar 8, 2015 1:49pm
Hey,

I have tried to backstest Renko with no success. I can get renko offline chart open. But when i click on "start" button in tester, it open new "visual" screen and i cant add renko on that. Anyone have idea what should i do.?
  • #86
  • Jul 9, 2015 8:25am Jul 9, 2015 8:25am
A method for doing back test in renko chart.. i tested it and it works. but chart has a lot of GAP. anybody have idea?!
http://www.forex-tsd.com/indicators-...ing-renko.html
  • #87
  • Apr 18, 2018 1:41pm Apr 18, 2018 1:41pm
Quoting sangmane
Hi bj, Below is a script that will convert history file (in the format *.hst) to CSV. Offline chart's data is saved in history file. To open it you should use FileOpenHistory(handle,..). Set FileNameHistory to the name of the history file, excluding any directory path. MT4 will always lookup history file in history folder. Output CSV file will be in experts/files folder Let me know how it works. sangmane {file}
i get everytime file open error when im attach the script on a renko m2 chart...
  • #88
  • Sep 22, 2018 2:34pm Sep 22, 2018 2:34pm
Quoting aktur
{quote} This is copied from my FAQ document about using off-line chart. Why you just don't give the link or simply attach the whole document here? There are more hints there. {image}
I followed instructions.
After runnig script for EJ M5, it says open offline M5 chart.
Unfortuantely, no M5 offline chart is generated to select from.
  • #89
  • Nov 11, 2019 5:22am Nov 11, 2019 5:22am
Hi i did back test this EA on mathtrader7 nongap renko but my modeling quality is very low(25%) , can anyone make test with 90% or 99% quality ?
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  • #90
  • Nov 14, 2020 1:39pm Nov 14, 2020 1:39pm
When backtesting Renko (at least in a setup that I have, from page 1 in this thread - offline MT4 , with a separate 'virtual' server folder for history where I copied a M1 chart which is then used for generating Renko M5 in that history folder), then the tester generates 'M5' from a Renko M5 and displays Renko chart properly, BUT:

- the MT4 tester doesn't consider the chart as a Renko, it draws 5 minutes of the candle and then jumps to the next candle, completing the previous one to the full extent as it jumps.
- this is only good enough for testing indi/ea which is controlled by new bar opening, with no reference to tester errors or quality, not to mention ticks in any direction...
  • #91
  • Last Post: Nov 14, 2020 4:12pm Nov 14, 2020 4:12pm
Quoting Rms60
- the MT4 tester doesn't consider the chart as a Renko, it draws 5 minutes of the candle and then jumps to the next candle, completing the previous one to the full extent as it jumps.
Therefore, it's better to generate 60 or 240 min. timeframe (there is no difference for Renko) and backtest it in that timeframe. Again, makes no difference for the price and quality of generated ticks, unless you use a Dukascopy or other tick-by-tick M1 data in terminal history folder, which then is used for renko chart generation. However, I suspect, when this renko offline chart is used in the tester to generate tester H1 or H4, ticks will be generated by MT4.

Anybody here tried to export a Renko data from terminal history and import it to .fxt in tester one to one?
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