Non-gap Renko Chart Creator EA | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Scalpers Tick Chart Creator 82 replies

RENKO Trading SYSTEM - RENKO Indicators 7 replies

Spread Chart Creator EA 10 replies

Renko Chart on Currencies different prices from RT Chart 11 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

Attachments: Non-gap Renko Chart Creator EA
Exit Attachments

Non-gap Renko Chart Creator EA

  • #161
  • Jan 27, 2016 5:02pm Jan 27, 2016 5:02pm
Mathstrader7,

Thanks for your MathTrader7_Renko_Heiken_Ashi_Smoothed and all other tools for Renko trading.

Please will you be so kind as to add Alerts ( screen and arrow) and email please.

I find it very useful for entry and so I will like to run it permanently on VPS.

Thanks for your anticipated action.
Attached File(s)
File Type: ex4 MathTrader7_Renko_Heiken_Ashi_Smoothed.ex4   10 KB | 1,623 downloads
  • #162
  • Feb 5, 2016 2:49pm Feb 5, 2016 2:49pm
Hello MT7. I appreciate you are busy so this is a "If you have one already, then could you, if not, then don't bother"

I am trying out your Renkochartcreator EA v1.45 in conjunction with a renko counter/marker (fxkred Renko Counter Indi) see attached chart. The attached chart is a 3 pip Renko but with your EA, "fxkred" identifies it as a 6 pip chart and marks the range for a 6 pip bar. Clearly some thing to do with the fxkred counter indi.

My question is do you have a Renko counter similar to the "fxkred" that works with your EA, in your arsenal, if not then do not worry.

Thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M4 3 pip renko.png Size: 28 KB
Cut your Losers short and let your Winners run.
  • #163
  • Feb 5, 2016 3:14pm Feb 5, 2016 3:14pm
Quoting dee50
Hello MT7. I appreciate you are busy so this is a "If you have one already, then could you, if not, then don't bother" I am trying out your Renkochartcreator EA v1.45 in conjunction with a renko counter/marker (fxkred Renko Counter Indi) see attached chart. The attached chart is a 3 pip Renko but with your EA, "fxkred" identifies it as a 6 pip chart and marks the range for a 6 pip bar. Clearly some thing to do with the fxkred counter indi. My question is do you have a Renko counter similar to the "fxkred" that works with your EA, in your arsenal,...
Hi dee50

The indi uses the last bar(not current) for renko bar size calculation and with non-gap EA its 6 pips in your example.
Why not extend the Indi with a property you can put in for bar size?
Or create the offline chart as M3 and the Indi can get the bar size from timeframe string.

If you attach the Indi i can modify it for you.

n.
  • #164
  • Feb 5, 2016 3:22pm Feb 5, 2016 3:22pm
Quoting dee50
Hello MT7. I appreciate you are busy so this is a "If you have one already, then could you, if not, then don't bother" I am trying out your Renkochartcreator EA v1.45 in conjunction with a renko counter/marker (fxkred Renko Counter Indi) see attached chart. The attached chart is a 3 pip Renko but with your EA, "fxkred" identifies it as a 6 pip chart and marks the range for a 6 pip bar. Clearly some thing to do with the fxkred counter indi. My question is do you have a Renko counter similar to the "fxkred" that works with your EA, in your arsenal,...
Hi dee50,

I just found the source code and modified it to work fine with non-gap Renko charts. Here is the modified version.

P.S. Are you willing to share your Renko scalping/trading system with us?

Best,
Math
Attached File(s)
File Type: ex4 FXkred_renko_counter_mod.ex4   18 KB | 1,228 downloads
Trading is the hardest way to make easy money...
  • #165
  • Feb 8, 2016 4:26am Feb 8, 2016 4:26am
Quoting noland
{quote} Hi dee50 The indi uses the last bar(not current) for renko bar size calculation and with non-gap EA its 6 pips in your example. Why not extend the Indi with a property you can put in for bar size? Or create the offline chart as M3 and the Indi can get the bar size from timeframe string. If you attach the Indi i can modify it for you. n.
Thanks very much for the offer "Noland" but MT7 has modified the Indi and reposted it, as you probably have observed.
Cut your Losers short and let your Winners run.
  • #166
  • Feb 8, 2016 4:37am Feb 8, 2016 4:37am
Quoting MathTrader7
{quote} Hi dee50, I just found the source code and modified it to work fine with non-gap Renko charts. Here is the modified version. P.S. Are you willing to share your Renko scalping/trading system with us? Best, Math {file}
Thanks very much MT7, very kind of you.

Help your self to what ever part works for you. It is not really a system per se, but an amalgamation of various Price Patterns that I have observed to be reliable, over the years.

The scalping method is actually quite simple and a couple of traders have adapted it to their own style and temperament, it is really just following Price Cycles and entering at the top of the cycle for short scalps and at the bottom of the cycle for long scalps, I use a combination of the Stochs, which identifies the cycles and the MACD which confirms the entry, it really is simple. OK! it isn't that simple really it does require a bit of analysis of PA.

Have a look at PhilippineFx's and Matomi's charts on the thread, they are the scalping kings.
Cut your Losers short and let your Winners run.
  • #167
  • Feb 14, 2016 11:22pm Feb 14, 2016 11:22pm
MT7, please llok at my chart. Is it a problem with Renko Chart Creator or with my MT4 terminal? I use Multi-Symbol Renko Chart Creator 1.27 with EURUSD, AUDUSD, USDCAD, GBPUSD, EURJPY. The same issue with GBPUSD and AUDUSD M2 offline charts. By the way price updating fine and trading goes on. Only renko bricks dissapiars.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM2fail.png Size: 70 KB
BR, alex
  • #168
  • Feb 15, 2016 2:43am Feb 15, 2016 2:43am
Quoting sevan62
MT7, please llok at my chart. Is it a problem with Renko Chart Creator or with my MT4 terminal? I use Multi-Symbol Renko Chart Creator 1.27 with EURUSD, AUDUSD, USDCAD, GBPUSD, EURJPY. The same issue with GBPUSD and AUDUSD M2 offline charts. By the way price updating fine and trading goes on. Only renko bricks dissapiars.{image}
Hi sevan,

Please use single symbol Renko chart creator. The muli symbol version is experimental.

Best,
Math
Trading is the hardest way to make easy money...
  • #169
  • Feb 19, 2016 4:59pm Feb 19, 2016 4:59pm
Hi MT7,

Is it possible to changed the EA to Indicator?

Regards,
AZetA
  • #170
  • Feb 23, 2016 4:32am Feb 23, 2016 4:32am
Hi MT7
Did you work to this idea to Renko EA,

- İf box swing, open position then Trailing Stop activate..
SL is, if another box again to swing Stop Loss etc.

Or add any breakout ideas to Renko EA.

What do you think about and could you try this ?
Working,to be the best !
  • #171
  • Feb 26, 2016 1:56pm Feb 26, 2016 1:56pm
Great work Mathtrader
your Non-Gap Renko Charts is awesome , do you have a version that changes brick size according to volatility or with trading hours?
Thank you
  • #172
  • Edited 5:58am Mar 3, 2016 5:38am | Edited 5:58am
Hey Math,

Just wanted to thank you for all the hard work I see you putting in around this site. I really appreciate it.

I and few other members in this forum ran into a problem trying attach Renko ADX Version 1.30 to the offline M2 chart generated by Non-gap Single-Symbol Renko Chart Creator EA Version 1.45. My DLL import is set to allow. Im on build 950 FXCM version of MT4 but I get the message "Please attach the EA to a non-gap Renko chart!" Any help would be appreciated.

1st error message- initialization failed (65535)
2nd error message- uninit reason 8

Thanks,
Joe
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-03-03-05-52-30.png Size: 393 KB
  • #173
  • Mar 6, 2016 7:07am Mar 6, 2016 7:07am
Chapeau MathTrader7, you made an excellent EA !

Have you thought of implementing Median Renko into it ?
Median Renko gives me much clearer signals for manual trading.

User "jaguar1637" posted his Median Renko indicator in RenkoEA thread here:
http://www.forexfactory.com/showthre...35#post8165035

and here an improved (?) version:
http://www.forexfactory.com/showthre...24#post8165724

also the idea of creating two different box size charts at once is great.
  • #174
  • Mar 10, 2016 4:20am Mar 10, 2016 4:20am
I am using Non-gap Renko EA with this FSB software http://www.forexfactory.com/showthread.php?t=529672 to automatically trade renko charts with custom made strategies. Renko charting is not natively supported by the FSB, but it can be tricked thanks to the EA. See example with 3 pip renko bricks.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 187 KB
Enter Signature
  • #175
  • Mar 15, 2016 10:55pm Mar 15, 2016 10:55pm
Quoting joefrank1982
Hey Math, Just wanted to thank you for all the hard work I see you putting in around this site. I really appreciate it. I and few other members in this forum ran into a problem trying attach Renko ADX Version 1.30 to the offline M2 chart generated by Non-gap Single-Symbol Renko Chart Creator EA Version 1.45. My DLL import is set to allow. Im on build 950 FXCM version of MT4 but I get the message "Please attach the EA to a non-gap Renko chart!" Any help would be appreciated. 1st error message- initialization failed (65535) 2nd error message- uninit...
I have exact the same problem, hoping for Math reply on your post
  • #176
  • Mar 29, 2016 9:40pm Mar 29, 2016 9:40pm
Quoting zenoni
I am using Non-gap Renko EA with this FSB software http://www.forexfactory.com/showthread.php?t=529672 to automatically trade renko charts with custom made strategies. Renko charting is not natively supported by the FSB, but it can be tricked thanks to the EA. See example with 3 pip renko bricks. {image}
Hi Zenoni,

I'm very interested in this. Please would you write the steps of how you get the non-gap Renko to work inside FSB..
  • #177
  • May 13, 2016 1:11pm May 13, 2016 1:11pm
Hi MT7,

I just joined FF today. I did follow your instructions on post 1, but nothing happen. My broker is FxPrimus. Can you help? Thank you very much for your sharing.
Lin4X
  • #178
  • May 30, 2016 11:34pm May 30, 2016 11:34pm
The Correct Rule to generate Renko Chart Correctly for Any Pairs
** is Looking the Max Spread ( Especially if Floating )

Just make sure keep the view as 1 Renko Bar inside/pseudo-inside the BID & ASK lines, as defined in the 2 cases on the Left, and avoid using Renko Box size lower than the Spread like mentioned the third case on the right, because you get involved in fake trend, false signal and losing money without following the correct rules above.

SO : Renko BoxSize = Max Spread or Above.
For : Forex Pairs with low spread less than 10 , we suggest to use 10 pips;
For : Forex Pairs with Hight Spread more than 10, we suggest to use higher renko Box size x2 or x3 .

http://img15.hostingpics.net/pics/802444renko.png
  • #179
  • May 31, 2016 6:14am May 31, 2016 6:14am
Quoting aksoft2007
The Correct Rule to generate Renko Chart Correctly for Any Pairs ** is Looking the Max Spread ( Especially if Floating ) Just make sure keep the view as 1 Renko Bar inside/pseudo-inside the BID & ASK lines, as defined in the 2 cases on the Left, and avoid using Renko Box size lower than the Spread like mentioned the third case on the right, because you get involved in fake trend, false signal and losing money without following the correct rules above. SO : Renko BoxSize = Max Spread or Above. For : Forex Pairs with low spread less than 10 , we suggest...

Thanks, I used to deploy the EA on GBPUSD for 1 pips brick size, with the spread most times @ 0.8 or 0.9 then escalating to 1.4, now I know better.
Let it turn and find your entry.
  • #180
  • Jun 2, 2016 4:08pm Jun 2, 2016 4:08pm
Quoting Intrepidpips
{quote} Thanks, I used to deploy the EA on GBPUSD for 1 pips brick size, with the spread most times @ 0.8 or 0.9 then escalating to 1.4, now I know better.
Well, i see that you are using " floating spread " , if you use 1 pips brick size and spread escalated to 1.4 , that mean you have about half Brik hanged candle.
http://img11.hostingpics.net/pics/403579Screenshot2.png
Make sure that using 1 pips candle not suitable for EA, because most brokers not Allow TRAILING less than : 15 points.
so if you select 15 trailing with renko chart RBS = 1 pips , that mean you trail SL line after 15 Straight movment Bars without reversal.

But with : RBS = 20 pips, you trail SL each 2 Bars .

For Manual trading & Scalping you can go with RBS = 1 pips and close Order manually.
2 traders viewing now