Renko for MT4 build 600 | Forex Factory

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Renko for MT4 build 600

  • #1
  • First Post: Feb 10, 2014 2:55pm Feb 10, 2014 2:55pm
Renko for build 600
I could not find one anywhere, so hope this helps.
Attached File(s)
File Type: mq4 (E) RenkoLiveChart_v600.1.mq4   21 KB | 6,978 downloads
  • #2
  • Feb 13, 2014 8:34am Feb 13, 2014 8:34am
Anyone tested this out yet with M1 data - how does it work? Thanks!
  • #3
  • Edited 2:41pm Feb 13, 2014 1:13pm | Edited 2:41pm
Quoting Kenz987
Renko for build 600 I could not find one anywhere, so hope this helps. {file}
just a heads up to all - I have installed this to the EXPERTS folder in Build 604 (and I also compiled it in Build 604) - so far it is working similar to RenkoLiveCharts EA many of us all used in build 509! I will start testing to see how she holds up the next few days.
  • #4
  • Feb 13, 2014 2:44pm Feb 13, 2014 2:44pm
Quoting Kenz987
Renko for build 600 I could not find one anywhere, so hope this helps. {file}
Kenz987 - Great job! I was very helpful by adding this download link for MT4 Build 600 users - thank you very much!
  • #5
  • Feb 22, 2014 11:00am Feb 22, 2014 11:00am
HI Kenz,
Thanks for your build 600 update. However (there is always a however...), I put this into my DataFolder/Experts folder, compiled it, and dropped it onto my gbpnzd M1 chart, as one normally does, and it didn't generate the required M2 offline chart. Could this be something to do with me trying this on the weekend, when the markets are closed? I tried refresh, but nothing happened.

Grateful for your help.

Cheers,


Mike
  • #6
  • Feb 22, 2014 5:41pm Feb 22, 2014 5:41pm
Yes, weekend, it needs a tick to start.
Use this script.
Attached File(s)
File Type: mq4 zSendTick.mq4   2 KB | 2,490 downloads
  • #7
  • Feb 23, 2014 11:02am Feb 23, 2014 11:02am
Quoting Kenz987
Yes, weekend, it needs a tick to start. Use this script. {file}
Hi Kenz,
I suspected that, but thought I'd better check. Thanks for the tick script.

I have previously had Renko bars on a M2 chart (with Alpari) and could scroll back for many months and do some paper trading, but recently I find I can't do that at all. Data only goes back to 7th Feb. Could this be something to do with the latest MT4 build V610 restricting back data? I've put maximum bars in history possible, but to no effect.

When it did work, I paper traded AUSUSD with SAR (StopAndReverse) on every opposite Renko bar (i.e. every time a bar closed in the opposite direction I went in that direction), and managed to clock up 575 pips in 30 days. But that was 24 hours a day, and only an EA could cope with that. Know of a simple Renko EA that could trade that way, preferably with lot sizes a percentage of account?

Regards,


Mike
  • #8
  • Feb 23, 2014 11:59am Feb 23, 2014 11:59am
Backdata: mine goes back only to Feb 17.
EA: No I do not have one. I trade gold using a 10 tick renko, or range on a Ninja Trader chart.
NT: Free version 7, get free data from FXCM. It might not match tick for tick your MT4, but for strategies and turning point testing it is close enough.
I don't have anything to post here, but if you send me your email I will send you my MT4 indicators and if you want my NT indis also. Nothing special, but I like them.
Ken
  • #9
  • Feb 23, 2014 12:41pm Feb 23, 2014 12:41pm
Quoting Kenz987
Backdata: mine goes back only to Feb 17. EA: No I do not have one. I trade gold using a 10 tick renko, or range on a Ninja Trader chart. NT: Free version 7, get free data from FXCM. It might not match tick for tick your MT4, but for strategies and turning point testing it is close enough. I don't have anything to post here, but if you send me your email I will send you my MT4 indicators and if you want my NT indis also. Nothing special, but I like them. Ken
Hi Kenz,
Hmmm..I wonder why I now can't get the same back data as before, despite having downloaded data? I'll take a look at FXCM - thanks.

Many thanks for the offer of your indicators, but the only ones I use are volume, Market Facilitation Index & RSI (and of course Fibs), and they're on all MT4s; unless you have the Holy Grail one I've been looking for!

You get some interesting results on Renko with volume applied. Haven't studied this combination too deeply yet...need to have much more Renko back data first.

BTW, If GBPUSD closes below 1.65992 and comes back up to test it, on low volume, I'm looking to go short. Target 1.6422 ish...



Regards,


Mike
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD short.jpg Size: 195 KB
  • #10
  • Feb 25, 2014 7:31am Feb 25, 2014 7:31am
Quoting Kenz987
Renko for build 600 I could not find one anywhere, so hope this helps. {file}
Is this version of Renkos working in Build 610? I have it working in Build 604 but I have another MT4 platform that is now at Build 610... anything different needed to have working Renkos in 610?

Thanks.
  • #11
  • Edited 8:46am Feb 25, 2014 8:00am | Edited 8:46am
Quoting COGnizant
{quote} Is this version of Renkos working in Build 610? I have it working in Build 604 but I have another MT4 platform that is now at Build 610... anything different needed to have working Renkos in 610? Thanks.
Hi COG,
I put the EA from post#1 on usdcad, and get this strange chart view, which shows a range of 1184 pips today!

Then I put another Renko Ea on the M1 chart instead (lower chart), and came up with a more reasonable representation of things, except the current candle is dated from yesterday 24th Feb 1700!

I later went back to the (E)Renkolivechart V600 and the offline chart now looks like the first chart. Don't know what happened there!

BTW, I'm running V610 on both my brokers, demo and live.

Regards,


mike
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 25thFeb2014usdcadRenko.jpg Size: 192 KB
Click to Enlarge Name: 25thFebUSDCADRenko.jpg Size: 132 KB
  • #12
  • Feb 25, 2014 8:19am Feb 25, 2014 8:19am
I see - it looks like the Renko download from post 1 would need to be adjusted to work in Build 610. Always some fun with the new MT4 ongoing updates!
  • #13
  • Feb 25, 2014 3:34pm Feb 25, 2014 3:34pm
HI COG,
It may just be something to do with my broker's data, but I checked the 16th Dec 2013 and there are 96 M15 data bars for that day, yet the chart for that day is rubbish. After that all seems normal.

Regards,


Mike
  • #14
  • Mar 10, 2014 11:30am Mar 10, 2014 11:30am
This might not be the right place for this question, but I'm going to give it a shot.

How can a Renko candle have a wick that is larger than the candle itself?
See screenshot.
Attached Image
  • #15
  • Mar 10, 2014 11:45am Mar 10, 2014 11:45am
Quoting nondisclosure00
This might not be the right place for this question, but I'm going to give it a shot. How can a Renko candle have a wick that is larger than the candle itself? See screenshot. {image}
Hi My Friend, it's normal for renko environment, this 'pseudo wick, appear because of the source chart (M1) move to quick and the read/write process of renko builder indicator/EA, can't write the data in the right brick, so the high/low of the wick is actually the high or low of several previous source chart candles.
And this kind of wick will show up more often if you set small brick size.

You can read more about renko in my thread at trading system sub forum.

Hope it help and best regard.
MTH
  • #16
  • Mar 10, 2014 11:58am Mar 10, 2014 11:58am
Quoting nondisclosure00
This might not be the right place for this question, but I'm going to give it a shot. How can a Renko candle have a wick that is larger than the candle itself? See screenshot. {image}
The screenshot displays either some modified Renko, or it is defective.
1. Every turning brick (brick in opposite direction than the previous one) must leave a wick, which forms a local extreme. It is apparently 3 (perhaps 4) times broken in the screenshot (otherwise the preceding brick could not close).
2. The wick lengths cannot exceed 2 brick distance, otherwise a complete counter-brick would render.

What was the Renko chart generator?
  • #17
  • Mar 10, 2014 12:36pm Mar 10, 2014 12:36pm
Quoting Halley
{quote} The screenshot displays either some modified Renko, or it is defective. 1. Every turning brick (brick in opposite direction than the previous one) must leave a wick, which forms a local extreme. It is apparently 3 (perhaps 4) times broken in the screenshot (otherwise the preceding brick could not close). 2. The wick lengths cannot exceed 2 brick distance, otherwise a complete counter-brick would render. What was the Renko chart generator?
The EA in the first post.
  • #18
  • Mar 10, 2014 12:38pm Mar 10, 2014 12:38pm
Quoting Kiads
{quote} Hi My Friend, it's normal for renko environment, this 'pseudo wick, appear because of the source chart (M1) move to quick and the read/write process of renko builder indicator/EA, can't write the data in the right brick, so the high/low of the wick is actually the high or low of several previous source chart candles. And this kind of wick will show up more often if you set small brick size. You can read more about renko in my thread at trading system sub forum. Hope it help and best regard. MTH
Thanks Kiads. I have read your threads. Good stuff.
  • #19
  • Mar 10, 2014 6:54pm Mar 10, 2014 6:54pm
Ok. I've read the code and I'm still not quite sure what RenkoBoxOffset does.

iBWritn
  • #20
  • Mar 13, 2014 6:52am Mar 13, 2014 6:52am
Hi,
When there is big moves, the EA freeze!
I think the code is locked during a write operation, and because there is no time out, the EA waits forever...
anybody else suffer this issue?
what can be done?
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