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Renko Block Charts

  • #1,101
  • Jan 1, 2014 4:14pm Jan 1, 2014 4:14pm
Quoting Acroix70
How do the Renko bars react with indicators?

The answer for question you have to discover yourself, some indicators work better with renko bars than with candles, other indicators are worthless in renko bars, you really have to try it yourself.

Stay well.
  • #1,102
  • Feb 10, 2014 8:26am Feb 10, 2014 8:26am
Hi,

Trouble installing renko charts

i placed the EA in the experts folder but could not see the same in the terminal after reopening it

and i opend the script generator and created new ea by pasting the renko Ea code version 3.2

now this EA is showing up in terminal(mt4) when i am applying to chart, i am getting a message to open eurusd m2 cahrt, but twhen i am opening the offline chart window, i could not able to find the eurusdm2 chart

can you please solve my issue

thank you,
karthik sharma
  • #1,103
  • Feb 20, 2014 9:06am Feb 20, 2014 9:06am
I have the same problem!

May be is the switch to the build 600?
  • #1,104
  • Feb 21, 2014 5:43am Feb 21, 2014 5:43am
i am using RenkoLive Chart_v3.3. Do i have to check each time when i open new chart to confirm DLL function calls? thanks
  • #1,105
  • Feb 21, 2014 1:39pm Feb 21, 2014 1:39pm
Hello tarders
Do you have a renko indicator ? and can you tell me for M30 Timeframe
Thank you
  • #1,106
  • Feb 22, 2014 3:32am Feb 22, 2014 3:32am
Quoting khan1113
Hello tarders Do you have a renko indicator ? and can you tell me for M30 Timeframe Thank you
Please research renko charts, if you are asking for a renko chart for the M30 timeframe, you don't understand how renko charts work.

Renko charts work based on price movement, not time. if you have a renko chart of 5 pips and the price moves 10 pips the chart will create two bars, doesn't matter if passed 5 or 30 minutes.
  • #1,107
  • Feb 23, 2014 2:10pm Feb 23, 2014 2:10pm
Hi,
I have been checking out a strategy using a Renko mean live offline chart (indy attached).
It shows promissing results when visually backtesting, but I know that Renko can plot history differently to what you would get in live conditions.
I assume that the inaccuracy occurrs when the source M1 candle contains a large movement spanning several Renko bricks.
Is there a way to accurately backtest?
Dave
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-21 19_27_21 3150.gif Size: 50 KB
Attached File(s)
File Type: mq4 RenkoMeanLiveChart_v1.0 new format.mq4   18 KB | 1,229 downloads
  • #1,108
  • Feb 23, 2014 4:04pm Feb 23, 2014 4:04pm
Quoting 236dave
Hi, I have been checking out a strategy using a Renko mean live offline chart (indy attached). It shows promissing results when visually backtesting, but I know that Renko can plot history differently to what you would get in live conditions. I assume that the inaccuracy occurrs when the source M1 candle contains a large movement spanning several Renko bricks. Is there a way to accurately backtest? Dave {image}{file}
One time I found a method, but with the new modifications on metatrader i dont know if it works.

Here it is:

http://forexelite.net/renko-bars-how-to-backtest-renko/

By the way what is the indicator that creates the arrows? And can you post it?
  • #1,109
  • Feb 23, 2014 4:52pm Feb 23, 2014 4:52pm
Quoting Demos4x
{quote} One time I found a method, but with the new modifications on metatrader i dont know if it works. Here it is: http://forexelite.net/renko-bars-how-to-backtest-renko/ By the way what is the indicator that creates the arrows? And can you post it?
Here you go, but I wouldn't use it on its own.
Attached File(s)
File Type: mq4 ForexScalpingPro Alert.mq4   3 KB | 1,005 downloads
  • #1,110
  • Feb 23, 2014 10:43pm Feb 23, 2014 10:43pm
Quoting 236dave
{quote} Here you go, but I wouldn't use it on its own.{file}
Hi My Friend, this is decompiled version mq4 file, so you can't use it with MT4 build 509 up.., you can only use that already previously compiled ex4 file with older compiler prior to build 500.

I believe is not you, but you have 'stolen code'

best regard
MTH
  • #1,111
  • Feb 23, 2014 11:23pm Feb 23, 2014 11:23pm
2489 and Alberto. Try putting your EA in MQL - experts.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 295 KB
  • #1,112
  • Feb 27, 2014 9:11am Feb 27, 2014 9:11am
Quoting ComoxBluejay
For all you 'Renko', lovers (& I'm one) I have attached an INDICATOR that produces great bricks, & also allows weekend working (Playing!). Attach it the same as all the Renko brick experts: Open a one min chart, & drop the indicator on it. Select your brick size. Open a 2 min chart & there you have it. All expert robots will work with it. Just drop the expert on the 2 min chart. {file} {file}
Does not work! Tried as an expert and as an indicator - not installed on the schedule! What to do, what would work?
  • #1,113
  • Mar 2, 2014 12:46pm Mar 2, 2014 12:46pm
Quoting 236dave
Hi, I have been checking out a strategy using a Renko mean live offline chart (indy attached). It shows promissing results when visually backtesting, but I know that Renko can plot history differently to what you would get in live conditions. I assume that the inaccuracy occurrs when the source M1 candle contains a large movement spanning several Renko bricks. Is there a way to accurately backtest? Dave {image}{file}
I have tried to backtest Renko without much luck and read a couple articles that say it is not possible.
  • #1,114
  • Mar 3, 2014 7:53am Mar 3, 2014 7:53am
http://www.forexfactory.com/showthread.php?t=470219

Read that thread.
I want money!
  • #1,115
  • Mar 22, 2014 4:19pm Mar 22, 2014 4:19pm
Blaiserboy
You can back test renko if you use a script to create the 5M off line chart, attached. This one is totally adjustable pip wize.
Best of luck!




Quoting Blaiserboy
{quote} I have tried to backtest Renko without much luck and read a couple articles that say it is not possible.
Attached File(s)
File Type: ex4 RK-RenkoLiveChart_v5-script-adj-nf.ex4   13 KB | 866 downloads
  • #1,116
  • Mar 22, 2014 4:43pm Mar 22, 2014 4:43pm
Quoting Traderduke
Blaiserboy You can back test renko if you use a script to create the 5M off line chart, attached. This one is totally adjustable pip wize. Best of luck! {quote} {file}

Thanks for this, I will get at the testing soon..
  • #1,117
  • Mar 23, 2014 8:46am Mar 23, 2014 8:46am
Hi,

I need to know how long it takes to build a Renko brick and the average for building of a certain No. of bricks.
May somebody help me to find/code an indicator which does this job?

Thank you very much
  • #1,118
  • Mar 30, 2014 10:59pm Mar 30, 2014 10:59pm
Hello Renko Traders,
Please any one can post a latest renko version (show wicks )here, which is already working without any prob

thanks in advance
abmmalay
  • #1,119
  • Mar 31, 2014 5:10am Mar 31, 2014 5:10am
This one has given no problems.
I have the MQ4 file if you need it.
George
Attached File(s)
File Type: ex4 RenkoRangeBarsV1.2 R_KG.ex4   11 KB | 754 downloads
  • #1,120
  • Mar 31, 2014 6:00am Mar 31, 2014 6:00am
Quoting 2george
This one has given no problems. I have the MQ4 file if you need it. George {file}
I am a noob with Renko, but it seems this script is not a pure Renko, but rather a mod. I tried to compare to a commercial Renko script, which was available for a trial, and it looks a way different:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB
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