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Lets Automate a Simple Renko Strategy!

  • #1,201
  • Apr 18, 2015 3:50am Apr 18, 2015 3:50am
Hi MathTrader7

Any reason why the candles are double size (20pips) on each direction change to opposite candle

I have used the below file
Attached File
http://assets.forexfactory.net/images/attach/ex4.gif MathTrader7_RenkoChartCreator.ex4 109 KB | 97 downloads | Uploaded Apr 17, 2015 11:54am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 63 KB
  • #1,202
  • Apr 18, 2015 3:53am Apr 18, 2015 3:53am
how to insert session and period separate on renko chart as isession not working and period separator not showing
  • #1,203
  • Apr 18, 2015 4:10am Apr 18, 2015 4:10am
Quoting hide
{quote} Please tell me the meaning Note 1: This version only works with Non-gap Renko charts. Non-gap Renko Chart Creator EA and MathTrader7_RenkoEA (Version 3.10) even two EA So, I think that it is not available at the same time How do I? Combination, Is OK in Renko Mod.mq4 + MathTrader7_RenkoEA.ex4?
Fist step: open a 1m chart of the pair you want to use. In this chart apply the Non-gap Renko Chart Creator EA.
Second step: open the 2m offline chart of the same pair and in this one apply the MathTrader7_RenkoEA. Dont forget to uncheck "Offline chart" option on this chart.

And then you have the two EA´s at the same time.
  • #1,204
  • Apr 18, 2015 4:32am Apr 18, 2015 4:32am
Quoting Forexjeanie
{quote} You allready have this. Go to your history tab. Click on any trade in the history an draw it on the chart it belongs to. Then you see open, close and a dotted line between them of that trade in the chart FJ
Thank You FJ

Never knew that function was there. Always had an EA that left the result of a trade on the chart.

Thanks
  • #1,205
  • Apr 18, 2015 5:21am Apr 18, 2015 5:21am
Quoting batir
{quote} Fist step: open a 1m chart of the pair you want to use. In this chart apply the Non-gap Renko Chart Creator EA. Second step: open the 2m offline chart of the same pair and in this one apply the MathTrader7_RenkoEA. Dont forget to uncheck "Offline chart" option on this chart. And then you have the two EAs at the same time.

Hi.batir
Thank you very much for your understandable explanations.
I appreciate you answering me.
  • #1,206
  • Apr 18, 2015 5:27am Apr 18, 2015 5:27am
hello math et all,

can i use non _gap_renko_chart and MathTrader7_RenkoEA in 4 digit broker?


thank you very much
  • #1,207
  • Apr 18, 2015 6:35am Apr 18, 2015 6:35am
Quoting arsudib
dear all, could you explain what is the function/meaning of section money management setting? 1. Money Management Mode 2. Fixed Lot Size 3. Fixed Money 4. Free Marging (%) 5. Balance (%) thank you very much
As the name indicate, this section is for your money management with this EA.
Select the MM of your choice:
Fixed Lot Size always open positions with the lots selected, for example, 1 or 2, etc.
Fixed Money always open a position investing a size of money from your account, for example if your type $100, always invest $100.
Free Margin, always open positions with a size of a % from your free margin. for example 10% of $1000 is $10 from your free margin.
Balance, the same but with a % of you balance.
  • #1,208
  • Edited 11:51am Apr 18, 2015 6:51am | Edited 11:51am
Quoting imran.78p
Hi MathTrader7 Any reason why the candles are double size (20pips) on each direction change to opposite candle
"In standard Renko charts there is a gap of brick size between open of the reverse brick and the close of the previous brick. This expert advisor create non-gap version of Renko charts. I personally prefer this type of building Renko."

Quoting imran.78p
how to insert session and period separate on renko chart as isession not working and period separator not showing
Version 1.4 of Non-gap EA released. In this version the problem of Renko bars' time is solved; the period separator works correctly.
Trading is the hardest way to make easy money...
  • #1,209
  • Edited 1:27pm Apr 18, 2015 11:54am | Edited 1:27pm
Quoting arsudib
hello math et all, can i use non _gap_renko_chart and MathTrader7_RenkoEA in 4 digit broker? thank you very much
I haven't tested it, but it may work fine.
Trading is the hardest way to make easy money...
  • #1,210
  • Apr 19, 2015 12:26am Apr 19, 2015 12:26am
Does any body test it with 4 digit broker, and everything working propperly? on friday, i used it with 4 digit broker, but OP never happened, maybe my setting are wrong. Please share the setting. Thank you very much.
  • #1,211
  • Apr 19, 2015 6:21am Apr 19, 2015 6:21am
Hello everybody,
I've managed to get this EA running on multiple pairs at once, this is very interesting system.
I'm grateful we have MathTrader7 to fast-develop this for us. So I've decided to pitch in one way I can.
I have experience with time-lapse recording of the forex market. I'm going to set my VPS to record 6 or 8 pairs with this EA and post videos for everybody to analyze.
I plan to leave it with one set of parameters for a week.

Now, tell me what do you want me to record, which pairs, which version of EA, what settings?

Regards,
Codar
  • #1,212
  • Edited 7:37am Apr 19, 2015 7:04am | Edited 7:37am
Hi Math, I am still closely following this thread, I just stopped to contribute for obvious reasons. It's rediculous that a "senior member" can post every BS he/she wants without any consequences.

Related to Renko entries I tested indicators as well, in particular MA's, Ichimoku, CCI and trend ( Nihilist ). They don't seem to improve the results in my ( technical ) point of view. What really improves the results is focusing on the exits, how much room you give the price to fluctuate, when you want to take the profit and which "window" you define between trailing stop and take profit. Consider that in approx. 90% of all trades you will be positive ( trade pips - spread ) and then it's time to take and make the money. When you scalp, every pip counts and you will see many small wins rather than a big one. Computers are fast enough to execute those trades while humans will have a significant delay. As you might know, I'm still working on my scalping EA and it's undergoing forward testing.

Have a nice day, V.
  • #1,213
  • Apr 19, 2015 7:41am Apr 19, 2015 7:41am
Quoting verified
Hi Math, I am still closely following this thread, I just stopped to contribute for obvious reasons. It's rediculous that a "senior member" can post every BS he/she wants without any consequences. Related to Renko entries I tested indicators as well, in particular MA's, Ichimoku, CCI and trend ( Nihilist ). They don't seem to improve the results in my ( technical ) point of view. What really improves the results is focusing on the exits, how much "space" you give the price to fluctuate, when you want to take the profit and which "window" you define...
Hi verified, glad to see you here again :-)
I agree with you that the technical indicators would not help much to have better entries. However, not trading around major S/R levels may improve the results...
BTW! How's your Renko scalper EA doing? I'm still waiting to give it a try on a demo account, if you kindly share your EA with us.

Best, MathT7
Trading is the hardest way to make easy money...
  • #1,214
  • Apr 19, 2015 7:47am Apr 19, 2015 7:47am
Hi
MathTrader7


i start check the ea
last version

thanks
  • #1,215
  • Apr 19, 2015 8:00am Apr 19, 2015 8:00am
Quoting MathTrader7
{quote} Hi verified, glad to see you here again :-) I agree with you that the technical indicators would not help much to have better entries. However, not trading around major S/R levels may improve the results... BTW! How's your Renko scalper EA doing? I'm still waiting to give it a try on a demo account, if you kindly share your EA with us. Best, MathT7
Hi Math,

I argee to the S/R levels approach as well, more than worth to give it a try. My scalping EA - I found that the classic Renko entry is pretty good for scalping ( did not find a better one ) and concentrated on the exits, did a lot of testing and optimizations ( no "curve fitting", works with almost every brick size ). Win / loss ratio is good but losses have been too high for my taste. I don't do this for 500 pips profit in a 6 months period. This WE I improved the code again and will see in forward testing how it works.

I'll post the EA here once I'll be happy with it, restricted to demo accounts and with an expiration date.

Best Regards,
V.
  • #1,216
  • Apr 19, 2015 8:09am Apr 19, 2015 8:09am
Quoting Juan007
Hi MathTrader7 i start check the ea last version thanks
Good Luck!
Trading is the hardest way to make easy money...
  • #1,217
  • Apr 19, 2015 4:00pm Apr 19, 2015 4:00pm
Quoting verified
Hi Math, I am still closely following this thread, I just stopped to contribute for obvious reasons. It's rediculous that a "senior member" can post every BS he/she wants without any consequences.
Stomping on your ass for trying to derail the tread, is not Bullshit, it is of value.

Notice the changes made and the number of members contributing, "Actual Data", not the garbage you seemed to want to post??

In all honesty, I do wish you well in your Forex Journey and many successes with your EA attempts...but don't think that, because you can post something, you should. This thread was created under specific intent, others are here to test based on it's merits and the coding by Math and others who have lent to the logic.

When you are ready to Launch your Demo only, limited time offer EA...if it is not directly thread related, show some fucking respect and open a new one.

There, you can post all of the bullshit and worthless backtests you want...and as an added bonus, I won't even bother visit.

Capisce?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,218
  • Edited 4:34pm Apr 19, 2015 4:22pm | Edited 4:34pm
Hi Math, thanks a lot for the new Renko Builder EA, I like it and give it a try. I also think this way of plotting Renko charts may help with a backtesting issue I discovered. Which script do you use to build up a new virtual server for backtesting ( the offline M2 chart should be the M1 chart there ). The "OfflineTestHelper" I used up to now reports an incompatible file type.

Thanks, V.
  • #1,219
  • Apr 19, 2015 4:38pm Apr 19, 2015 4:38pm
Quoting verified
Hi Math, thanks a lot for the new Renko Buider EA, I like it and give it a try. I also think this way of plotting Renko charts may help with a backtesting issue I discovered. Which script do you use to build up a new virtual server for backtesting ( the offline M2 chart should be the M1 chart there ). Thanks, V.
You got me! Indeed, the main reason I programmed a non-gap Renko builer EA was because I observed that during backtest, there are a lot of non-realistic price jumps at reverse bricks. So I decided to solve this problem

In order to create non-gap Renko HST files, do the following steps:
1. In the Strategy Tester, select MathTrader7_RenkoChartCreator, the pair (e.g., EURUSD,M1) and set the start/end date you want to create Renko HST for.
2. Set input settings of MathTrader7_RenkoChartCreator to, for example, 100 points brick size and M5 time frame, then start the strategy tester.
3. When it finished, go to (<Data folder>/tester/files). You will find EURUSD5.hst.
4. Copy EURUSD5.hst to (<Data folder>/history/RENKO). RENKO is your offline (local) server.
5. Login to your RENKO offline (local) server, then restart your MT4.
6. Your MT4 will be come up with an offline (no connection) server (RENKO). Go to the strategy tester, load MathTrader7_RenkoEA, uncheck start/end date, and perform backtest (every tick, open price only both work fine).

P.S. I use real ticks and some script I have written that converts the ticks to synchronized HST and FXT files.
Trading is the hardest way to make easy money...
  • #1,220
  • Apr 19, 2015 4:57pm Apr 19, 2015 4:57pm
Quoting MathTrader7
{quote} You got me! Indeed, the main reason I programmed a non-gap Renko builer EA was because I observed that during backtest, there are a lot of non-realistic price jumps at reverse bricks. So I decided to solve this problem In order to create non-gap Renko HST files, do the following steps: 1. In the Strategy Tester, select MathTrader7_RenkoChartCreator, the pair (e.g., EURUSD,M1) and set the start/end date you want to create Renko HST for. 2. Set input settings of MathTrader7_RenkoChartCreator to, for example, 100 points brick...
Great , thanks a lot for the instructions. Yepp, when there is a gap between the previous close and the next open price ( which is normal on every Renko Chart on reversals ( except your non-gap version ) ), the strategy tester gets creative with pricing . I will set up backtesting later, forward testing ATM. Great job done, thanks again.
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