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Non-gap Renko Chart Creator EA

  • #121
  • Jan 4, 2016 7:33am Jan 4, 2016 7:33am
Hello Mathtrader7. Thanks for all your work. Been using the Multi Chart Generator for a couple of days. v1.27. Having a problem with offline charts. When I use the MT4 Crosshairs to measure a price difference between two different points on the offline chart, The value is off by what looks like a factor of 10. If the price difference should be 120 pips, it will display in the crosshairs as 12 pips. Only on the offline chart. the OHLC stuff is fine.
My broker has an "i" suffex so I enter the pair names with a suffex. i.e EURUSDi GBPUSDi USDJPYi This seems to work -- it produces offline charts.

Any ideas here? I have used a lot of renko chart generators, and yours seems to take less cpu resources than all others. Wonder why this is?

Thanks. George
  • #122
  • Jan 4, 2016 8:12am Jan 4, 2016 8:12am
Some more data on the Crosshairs problem, MT7. As I write this, I am creating 4 offline charts -- GBPUSDi, USDCHFi, USDJPYi. and EURUSDi. USDCHFi and EURUSDi have correct crosshair readings. GBPUSDi and USDCHFi have incorrect readings. Additionally, GBPUSDi offline chart does not scale properly on the chart -- it is squeezed together taking up about 1/2 of the available vertical screen area. Have tried closing the m1 chart and regenerating without success. And the results are not always the same -- sometimes a pair will be correct, and sometimes it will be incorrect. No logic to it. This is all on a live account. And the error is not always a factor of 10. Sometimes the displayed pip difference will be a meaningless number like 42864 for a small difference.
  • #123
  • Jan 4, 2016 8:35am Jan 4, 2016 8:35am
Quoting Ryder
Some more data on the Crosshairs problem, MT7. As I write this, I am creating 4 offline charts -- GBPUSDi, USDCHFi, USDJPYi. and EURUSDi. USDCHFi and EURUSDi have correct crosshair readings. GBPUSDi and USDCHFi have incorrect readings. Additionally, GBPUSDi offline chart does not scale properly on the chart -- it is squeezed together taking up about 1/2 of the available vertical screen area. Have tried closing the m1 chart and regenerating without success. And the results are not always the same -- sometimes a pair will be correct, and sometimes...
Hi Ryder,

Thanks for reporting your observation. :-)

This seems a serious problem with Multi-Symbol version, although I haven't seen such problem on my broker, IC Markets, live and demo accounts. Could you please tell me what broker is yours? And whether it is a 4-digit or 5-digit broker?

Best,
Math
Trading is the hardest way to make easy money...
  • #124
  • Jan 4, 2016 8:39am Jan 4, 2016 8:39am
TradersWay 5 digit. As I study the problem the crosshair difference seems to be off either by a factor of 10 points or 100 points. Doesn't seem to correlate to jpy vs usd pairs.

Quoting MathTrader7
{quote} Hi Ryder, Thanks for reporting your observation. :-) This seems a serious problem with Multi-Symbol version, although I haven't seen such problem on my broker, IC Markets, live and demo accounts. Could you please tell me what broker is yours? And whether it is a 4-digit or 5-digit broker? Best, Math
  • #125
  • Jan 4, 2016 9:43am Jan 4, 2016 9:43am
Quoting Ryder
TradersWay 5 digit. As I study the problem the crosshair difference seems to be off either by a factor of 10 points or 100 points. Doesn't seem to correlate to jpy vs usd pairs. {quote}
Please take a screenshot similar to the following I am attaching. Select two points of price (that you observe the problem) and draw two horizontal lines passing through the points.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM2.png Size: 44 KB
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  • #126
  • Jan 4, 2016 11:22am Jan 4, 2016 11:22am
See attache pic.

Quoting MathTrader7
{quote} Please take a screenshot similar to the following I am attaching. Select two points of price (that you observe the problem) and draw two horizontal lines passing through the points. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiM3.png Size: 33 KB
  • #127
  • Jan 4, 2016 11:46am Jan 4, 2016 11:46am
Quoting Ryder
See attache pic. {quote} {image}
This is very strange!
Do you see such problem with demo accounts of TradersWay? If so, I may be able to find out the problem by opening a demo account with TradersWay.
And what is your MT4 build version?
Trading is the hardest way to make easy money...
  • #128
  • Jan 4, 2016 11:48am Jan 4, 2016 11:48am
Yes, I see the problem on demo.

Quoting MathTrader7
{quote} This is very strange! Do you see such problem with demo accounts of TradersWay? If so, I may be able to find out the problem by opening a demo account with TradersWay.
  • #129
  • Jan 4, 2016 11:52am Jan 4, 2016 11:52am
www.tradersway.com
Quoting Ryder
Yes, I see the problem on demo. {quote}
  • #130
  • Jan 4, 2016 12:10pm Jan 4, 2016 12:10pm
Quoting Ryder
Yes, I see the problem on demo. {quote}
It seems that I cannot reproduce the problem! Everything is working just fine with TradersWay platform and a demo account,
Attached Image (click to enlarge)
Click to Enlarge Name: No_Problem_2.png Size: 148 KB
Attached Image (click to enlarge)
Click to Enlarge Name: No_Problem.png Size: 137 KB
Trading is the hardest way to make easy money...
  • #131
  • Jan 4, 2016 12:15pm Jan 4, 2016 12:15pm
Quoting Ryder
www.tradersway.com {quote}
Is there any reason you chose M3 time frame for your Renko charts? I guess that you are running other chart builder EA/Indicator which may conflict with the Multi-Symbol EA access to the offline Renko chart...
Trading is the hardest way to make easy money...
  • #132
  • Jan 4, 2016 1:12pm Jan 4, 2016 1:12pm
I can work around the chart number assignment. I just tried running with a M2 chart. Still see the problem on USDJPY. points are off by a factor of 100 larger than should be. What a mystery.

Quoting MathTrader7
{quote} Is there any reason you chose M3 time frame for your Renko charts? I guess that you are running other chart builder EA/Indicator which may conflict with the Multi-Symbol EA access to the offline Renko chart...
  • #133
  • Jan 4, 2016 1:19pm Jan 4, 2016 1:19pm
MT7, I have been trading TradersWay for a few years, and have used various offline renko chart generators and have never seen this problem. Somehow, points get scaled either 100 times to large, or 10 times too small, or just right. And there doesn't seem to be any consistency to it.
  • #134
  • Jan 4, 2016 1:25pm Jan 4, 2016 1:25pm
Quoting Ryder
MT7, I have been trading TradersWay for a few years, and have used various offline renko chart generators and have never seen this problem. Somehow, points get scaled either 100 times to large, or 10 times too small, or just right. And there doesn't seem to be any consistency to it.
This is really strange!
I just heard about TradersWay, I installed their terminal and opened a demo account with. As you can see in the screenshots I uploaded above, my Renko builder EA just works fine there. To be honest, with amount of information I have about the problem you are facing, I have no idea what could be the source of your problem...
Trading is the hardest way to make easy money...
  • #135
  • Jan 4, 2016 2:29pm Jan 4, 2016 2:29pm
I will try re-installing the platform. Thanks for all the time you have spent on this. Will get back to you in a day or so.
  • #136
  • Jan 5, 2016 8:36pm Jan 5, 2016 8:36pm
OK. Spent a lot of time cleaning up my 4 MT4 installation directories and re-installing the platform. Crosshairs problem seemed to go away for 12 hours, but now it is back again on JPY pairs. Crosshair point distance is off by a factor of 100. I give up on this problem. However, let me share three AUDJPY pics with you as follows:

1. AUDJPY_Generator_Chart -- This pic shows an AUDJPY M1 chart for which offline charts were generated using both MultiChart Generator as well as "RenkoBarChart", a commercial indicator that generates a single offline Renko chart.
2. AUDJPYM2_MultiChart_Generator -- This pic shows a 30 point No-Gap Renko chart generated along with 2 other charts using MultiChart Generator.
3. AUDJPYM3_RenkoBarChart_Plugin -- This chart shows a 30 point Renko Chart generated using a commercial Renko indicator that generate a single Renko chart which I have used for years and have great confidence in. It is simply slow and cannot support more than 2 concurrent offline charts, generated separately.

Notice how there is significant difference in the offline charts. I do not believe that MultiChart is processing all the tick data -- that is why it deviates so much from the live day on the M1 chart, and that is why it is so fast. Do not want to be overly critical or form the wrong conclusion here, but, at 30 points, I do not believe MultiChart produces an accurate pip history to trade from. Correct me if I am missing something.

I use 3 pip Renko Charts because I scalp.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYiM1_Generator_Chart.png Size: 33 KB
Click to Enlarge Name: AUDJPYiM2_MultiChart_Generator.png Size: 66 KB
Click to Enlarge Name: AUDJPYiM3_BenkoBarChart_Plugin.png Size: 70 KB
  • #137
  • Jan 12, 2016 1:05pm Jan 12, 2016 1:05pm
hi
and thanks mathtrader7 very much for your efforts..

i have a problem with the version 1.45 EA (only the single chart version) ... that when i want to draw a line or a chanel or type a text ( elliot number) on renko chart i got nothing .... there are not showing on renko chart ......

could you help please ..... i use elliot on my analyis so i need to type text on renko

many thanks....


forgive my language....
  • #138
  • Jan 12, 2016 2:11pm Jan 12, 2016 2:11pm
Quoting saminoby
hi and thanks mathtrader7 very much for your efforts.. i have a problem with the version 1.45 EA (only the single chart version) ... that when i want to draw a line or a chanel or type a text ( elliot number) on renko chart i got nothing .... there are not showing on renko chart ...... could you help please ..... i use elliot on my analyis so i need to type text on renko many thanks.... forgive my language....
What is your MT4 build version?
Trading is the hardest way to make easy money...
  • #139
  • Jan 12, 2016 3:33pm Jan 12, 2016 3:33pm
BUILD 950
  • #140
  • Jan 12, 2016 3:49pm Jan 12, 2016 3:49pm
Quoting saminoby
BUILD 950
I cannot reproduce your problem with build 950. Everything works just fine...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: s1.png Size: 189 KB
Click to Enlarge Name: s2.png Size: 167 KB
Trading is the hardest way to make easy money...
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