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Lets Automate a Simple Renko Strategy!

  • #1,621
  • Oct 14, 2015 4:48am Oct 14, 2015 4:48am
Hi guys, do you have someone renko live chart or another renko generator for last version of MT4? It doesn't work for me after last upgrade to build 890. Thanks
  • #1,622
  • Oct 14, 2015 4:52am Oct 14, 2015 4:52am
I also have intraday strategy for renko with dinapoli and regular stochastic, but.. this is renko, you have to sit and watch the market. That's why I look for good EA to make this job for you, just like everyone of us I think ;-)
Attached File(s)
File Type: ex4 RenkoLiveChartEA_v3.4.ex4   12 KB | 1,202 downloads
  • #1,623
  • Oct 14, 2015 4:59am Oct 14, 2015 4:59am
I forgot to mention i'm using build 890 as well
  • #1,624
  • Oct 14, 2015 5:12am Oct 14, 2015 5:12am
I use build 880, sorry I didn't notice. Maybe it needs to be fixed for 890...
  • #1,625
  • Oct 14, 2015 6:02am Oct 14, 2015 6:02am
Quoting MathTrader7
Here is the first version of the EA I just created. It has not been tested yet. I just started running it on a demo account on my VPS. Use this EA at your own risk. Note: In order to enable trading on an offline chart, you have to uncheck the Offline chart option in the Common tab of the Renko chart properties (press F8 to bring up the properties window). Edit: There is a bug in this version that may prevent the EA from opening SELL positions. I fixed the bug in Version 1.1 (see Post...
MathTrader7,

Thank you firstall for your insights and EA.
I wonder, what settings shall I enter in the MathTrader7_RenkoEA.ex4?
A screenshot would be very helpful, thanks
  • #1,626
  • Oct 14, 2015 8:39am Oct 14, 2015 8:39am
The latest versions of the EA can be found in my Renko trading discussion thread.
Trading is the hardest way to make easy money...
  • #1,627
  • Oct 14, 2015 8:49am Oct 14, 2015 8:49am
I think here the EA have taken to wrong trades
Please see the image attached:
What could have been?
Attached Image (click to enlarge)
Click to Enlarge Name: 213213131.JPG Size: 93 KB
  • #1,628
  • Oct 14, 2015 9:48am Oct 14, 2015 9:48am
Quoting martin-trade
{quote} Hi Matomi, What currency pair, time frame and brick size are you using?
Only DAX, using the Renko charts so does not depend on TF, brick size does not depend too - chart is only chart, if some strategy will be profitable on 5 pips bricks, it will be same at 2 pips bricks.
  • #1,629
  • Oct 14, 2015 2:41pm Oct 14, 2015 2:41pm
this is for future people coming into the thread as newbies like me; if uising build 890 MT4, you do not need to restart MT4
  • #1,630
  • Oct 16, 2015 3:44pm Oct 16, 2015 3:44pm
Hi guys,this is the thread withthe most recent updates about EAS ,this renko strategy looks good.
But i want to ask about automating a trading strategy,is it easy to learn?and if you use the service of a coder ,how can you protect your system?
  • #1,631
  • Oct 17, 2015 4:20pm Oct 17, 2015 4:20pm
Quoting MathTrader7
Note: In order to enable trading on an offline chart, you have to uncheck the Offline chart option in the Common tab of the Renko chart properties (press F8 to bring up the properties window).{file}
Here is the solution for trading on offline chart: http://forum.mql4.com/35406/page2#373541
After starting the EA switch online the chart only for one tick and you can go back offline.
If you close MT4, you will accidentally lost all your offline charts if you left them online.
  • #1,632
  • Oct 21, 2015 1:56pm Oct 21, 2015 1:56pm
Quoting dafa
Hi guys, do you have someone renko live chart or another renko generator for last version of MT4? It doesn't work for me after last upgrade to build 890. Thanks
Hi dafa!

Here you are.
I made some modification. The original EA you can find here: https://www.mql5.com/en/code/11739
1. If the EA would made new bar without volume, it writes into history file 1, because ovo's OfflineTestHelper delete bars without volume. (source: http://ovo.cz/metatrader-4-build-880...e-workarround/ and http://ovo.cz/products/free-mt4-util...e-test-helper/)
2. For active bars it stores the highest spread, as pessimistic scenario. Now strategy tester doesn't read spread from history file. But in the future maybe.
Attached File(s)
File Type: ex4 renkolivecharts_pimped_v4_13_600.ex4   25 KB | 910 downloads
  • #1,633
  • Oct 26, 2015 9:51am Oct 26, 2015 9:51am
Quoting Matomi
Guys, you should be very attentive about Strategy Tester results... With my friend we developed about 30 versions of EA during 2 months and most of them were showing wonderful equities, but in real testing on demo it was disaster. The main problem is, that Renko charts are terrible repainting ones because of missing the tick data. The lowest at any broker are M1 data, so Renko EAs and Renko indicators takes the lowest available M1 data from platform. This causes that wicks are absolutelly repainted and you really can shut them off. So the versions...
Hi, very interesting thread, first time I post something. For tick data series for best modeling quality , it's very easy to find one not expensive at all on google, just type 'tick data renko charts' or something like that. People here work so hard at their project, why not use best quality data first knowing one minute data is unreliable?
  • #1,634
  • Edited 3:34pm Oct 31, 2015 3:04pm | Edited 3:34pm
New to Forex and MT4 recently downloaded since build 890 update. Tried to load renko charts found online to MT4, not knowing they would not work with new update. Had to reinstall MT4.
Has anyone successfully loaded MT4 v4 build 890 with RenkoLiveCharts pimped v4.13? If so, what do I need to change in tools/options/charts and tools/options/experts advisors like the older renko versions? Any step by step installation instructions?

thanks in advance
  • #1,635
  • Nov 6, 2015 9:09am Nov 6, 2015 9:09am
Quoting MathTrader7
{quote} Thanks! BB = Bollinger Bands :-)
Have you uploaded your renko EA based off the BB?
  • #1,636
  • Nov 14, 2015 7:04am Nov 14, 2015 7:04am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 24 KB
  • #1,637
  • Nov 26, 2015 10:44am Nov 26, 2015 10:44am
Quoting MathTrader7
{quote} Here is a backtest of my Renko Scalper EA: {image}
Hi Mathtrader! Thank you for all your superb work!! I was wondering how to run backtests on Renko EAs like this one... Is it possible at all?

Another question is if you all you great other contributors could share your best settings files for this EA, because I cannot seem to get good results with the 1M backtests.

Thank you again
  • #1,638
  • Nov 27, 2015 3:46pm Nov 27, 2015 3:46pm
I need a Renko Chat only where can i get it or download it . Thanks
  • #1,639
  • Nov 28, 2015 4:58am Nov 28, 2015 4:58am
Quoting cyrik
{quote} Hi Mathtrader! Thank you for all your superb work!! I was wondering how to run backtests on Renko EAs like this one... Is it possible at all? Another question is if you all you great other contributors could share your best settings files for this EA, because I cannot seem to get good results with the 1M backtests. Thank you again
Backtesting Renko with M1 data is pretty much useless in my opinion. This is of course depending on the brick size you are using. Everytime the market moves more than your bricksize in less than 1 minute, your results will be inaccurate, because the tester only knows the size of the M1 candle and any further intra-candle movement will be unknown.

MathTrader7 shared his backtesting process in his Non-gap Renko-Creator thread.
http://www.forexfactory.com/showthre...08#post8593708

There is a lot of work involved with this method though.
  • #1,640
  • Nov 30, 2015 2:05am Nov 30, 2015 2:05am
Hey guys, I'd like to test this strategy with forward testing and I read almost whole thread but EA is not trading. Is there a reason why it's not?
I have been disable Offline chart tab and I use MathTrader7_RenkoChartCreatorEa and MathTrader7_RenkoEA 3.36

No error messages eather.
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