Renko Trading Discussion

Quoting Halley

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{quote} The offline timeframe does not mater, just keep it under 240 to preserve the daily separators.

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Quoting MathTrader7

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Here is a quick fix of the problem. It seems to work fine. I'm too busy to debug the EA at the moment. Hope it won't break again. {file}

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Quoting pgburty

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{quote} What do you mean by 'keep it under 240' , this is not time frame as that must be 1 minute .. ? ,Sorry I'm still learning...

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Quoting mokuro89

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Hi, im unable to backtest any of the EAs , im already using the non-gap renko chart, any ideas? already downloaded the one from post 351 {image} 2016.02.24 00:24:17.869 2015.01.04 22:39 MathTrader7_RenkoADX_EA EURUSD,M1: initialization failed (65535) thanks

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Quoting tapyoung

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Hello Math, What EA at your profil picture? {image} are this still in Renko EA?

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Quoting crkjl

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Hi Math, I'm trying several of your EA's and all works fine but with ADX EA I can't make it works. When I attach the EA to renko chart it close automatically and the only message that I see in screen is "Please attach the EA to a non-gap Renko chart". "You can download..." I'm using your RenkoChartCreator v1.45 and it's working fine with BT and Parabolic EA's. In journal it only say "Expert MathTrader7_RenkoADX_EA EURUSD,M4: removed". Any idea? Regards

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Quoting vmptrader

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MathTrader7 ............ movie to view it......https://youtu.be/9B9HYrMmY6A

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Quoting lcoff

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Math, As a note, my testing with using the Quantum indicator with Renko charts a few posts back is going well. Account is up 3% and managed to survive the huge JPY drop with a small profit. I currently have this coded to trade multiple pairs and place orders with Oanda's FXTrade (in order to trade very small), so I cannot share it. If the testing continues to go well I will code it up for a single currency in MT4 sometime in the next few days, unless you get to it first.

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//+------------------------------------------------------------------+
//|                                              Renko-Apfelsaft.mq4 |
//|                        Copyright 2015, MetaQuotes Software Corp. |
//|                                             https://www.mql5.com |
//+------------------------------------------------------------------+
#property copyright "Copyright 2015, MetaQuotes Software Corp."
#property link      "https://www.mql5.com"
#property version   "1.00"
#property strict
extern int MagicNumber =   1234;    // Magic Number
extern int OpenBars =      2;       // Number of bars before opening
extern int ExtendedTP =    8;       // Number of bars before extending exit
extern double LotSize =    0.01;    // Lot size
extern int Slippage =      10;      // Allowed slippage in Points

datetime BarTime;
bool MinMovement;
//+------------------------------------------------------------------+
//| Expert initialization function                                   |
//+------------------------------------------------------------------+
int OnInit(){
   BarTime = Time[1];
   MinMovement = false;
   return(INIT_SUCCEEDED);
}
//+------------------------------------------------------------------+
//| Expert deinitialization function                                 |
//+------------------------------------------------------------------+
void OnDeinit(const int reason){
      
}
//+------------------------------------------------------------------+
//| Expert tick function                                             |
//+------------------------------------------------------------------+
void OnTick(){
 
   string Bar1,Bar2;
   bool OpenTrade = false;
   int Ticket;
   // We only need to perform actions on creation of a new bar
   if(BarTime != Time[0]){
      
      // evaluate previous 2 bars
      if (Open[1] < Close[1]) Bar1 = "up";
      else Bar1 = "down";
      if (Open[2] < Close[2]) Bar2 = "up";
      else Bar2 = "down";
      
      // is there an open trade?
      for(int i=0; i<OrdersTotal(); i++){
         if((OrderSelect(i,SELECT_BY_POS) == true)&&(OrderSymbol() == Symbol())&&(OrderMagicNumber() == MagicNumber)){
            if (OrderType() == OP_BUY){
               OpenTrade = true;
               if (ConsecutiveBars("buy") >= 4) MinMovement = true;
               // take profit hit?
               if (ConsecutiveBars("buy") >= (ExtendedTP + OpenBars)){
                  if ((Bar1 == "down") && (Bar2 == "down")){
                     if ((OrderClose(OrderTicket(),OrderLots(),Bid,Slippage,clrRed)) == false)Print("buy order close failed with error #",GetLastError());
                     else OpenTrade = false;
                  }
               } else {
                  if ((Bar1 == "down")&&(MinMovement == true)){
                     if ((OrderClose(OrderTicket(),OrderLots(),Bid,Slippage,clrRed)) == false)Print("buy order close failed with error #",GetLastError());
                     else {
                        OpenTrade = false;
                        MinMovement = false;
                     }
                  }
               }
            }
            if (OrderType() == OP_SELL){
               OpenTrade = true;
               if (ConsecutiveBars("sell") >= 4) MinMovement = true;
               // take profit hit?
               if (ConsecutiveBars("sell") >= (ExtendedTP + OpenBars)){
                  if ((Bar1 == "up") && (Bar2 == "up")){
                     if ((OrderClose(OrderTicket(),OrderLots(),Ask,Slippage,clrRed)) == false)Print("sell order close failed with error #",GetLastError());
                     else OpenTrade = false;
                  }
               } else {
                  if ((Bar1 == "up")&&(MinMovement == true)){
                     if ((OrderClose(OrderTicket(),OrderLots(),Ask,Slippage,clrRed)) == false)Print("sell order close failed with error #",GetLastError());
                     else OpenTrade = false;
                  }
               }
            }
         }
      }
      
      // look for new trades
      if (OpenTrade == false){
         MinMovement = false;
         if ((Bar1 == "up") && (Bar2 == "up")){
            // open buy trade
           
            Ticket = OrderSend(Symbol(),OP_BUY,LotSize,Ask,Slippage,"Renko-Apfelsaft",MagicNumber,0,clrGreen);
               if (Ticket < 0) Print("buy order failed with error #", GetLastError());
         }
         if ((Bar1 == "down") && (Bar2 == "down")){
            // open sell trade
            
            Ticket = OrderSend(Symbol(),OP_SELL,LotSize,Bid,Slippage,"Renko-Apfelsaft",MagicNumber,0,clrGreen);
               if (Ticket < 0) Print("sell order failed with error #", GetLastError());
         }
      }
      
      BarTime = Time[0];
   }
}
//+------------------------------------------------------------------+
//| Functions                                                        |
//+------------------------------------------------------------------+
// count consecutive bars of same direction
int ConsecutiveBars(string TradeDirection){
   int a = 1;
   
   if (TradeDirection == "buy") while (Open[a] < Close[a]) a++;
   if (TradeDirection == "sell")while (Open[a] > Close[a]) a++;
   return a-1;
}