Non-gap Renko Chart Creator EA | Page 11 | 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

  • #201
  • Jun 18, 2016 12:14pm Jun 18, 2016 12:14pm
I am trying today to produce Renko bars with the RenkoChartCreator EA, but I get only 1 year back (july 2015 to june 2016) of Renko bars and no more, although I have m1 history data for 10 years back.
Is there any connection to the fact it is weekend?
If not, what can be the reason?
  • #202
  • Jun 18, 2016 3:42pm Jun 18, 2016 3:42pm
Quoting manuel
I am trying today to produce Renko bars with the RenkoChartCreator EA, but I get only 1 year back (july 2015 to june 2016) of Renko bars and no more, although I have m1 history data for 10 years back. Is there any connection to the fact it is weekend? If not, what can be the reason?
If you have 10 years M1 history, you may need to increase your Max bars in history and chart to whatever tour platform can take, mine is 10,000,000 but my M1 history is only up to June 2015 so my Renko chart is limited to June 2015.
Let it turn and find your entry.
  • #203
  • Jun 18, 2016 4:09pm Jun 18, 2016 4:09pm
Thanks.
That was it!
  • #204
  • Jun 18, 2016 6:35pm Jun 18, 2016 6:35pm
After doing properly all steps I have managed to run some backtests of my own EA based on renko bars with wicks (thanks MatTraderh7), based on tick data.
I get amazing results.
What is the accuarcy according to real Renko bar chart if I apply my EA Live?
Should I get mostly the same results as in backtest?

My SL is less then brick size. Is that reliable in backtest if I use wicks anyway?
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 13 KB
  • #205
  • Jun 19, 2016 2:26am Jun 19, 2016 2:26am
Something is wrong.
A pending order was placed at GBPJPY @ 148.719 on 08:49am.
Then price moved up withoug hitting Sell order.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 639 KB

Then price pulled back down and hit order, which becomes a sell trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-06-19 09.50.24 - order triggered.jpg Size: 272 KB

Trade was closed in profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-06-19 09.51.56 - closed in TP.jpg Size: 257 KB


But see how it goes in m1 chart which is based on same tick data that produced Renko bars.
Price moved down to entry price (Should open a sell trade now), then without hitting the TP it pulled back up and reached SL price.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 23 KB
  • #206
  • Jun 19, 2016 3:19am Jun 19, 2016 3:19am
Quoting manuel
Something is wrong. A pending order was placed at GBPJPY @ 148.719 on 08:49am. Then price moved up withoug hitting Sell order.
A pending sell order above the current price should be a pending Sell Limit, not a pending Sell Stop.
Trading is the hardest way to make easy money...
  • #207
  • Edited 4:11am Jun 19, 2016 3:48am | Edited 4:11am
It is a sell order below the price, not above.
The sell order (@148.719) was placed at the moment the bar of 08:31 was closed at price 148.72.
This is a sell stop.
I checked, No error 130.
  • #208
  • Jun 19, 2016 5:10am Jun 19, 2016 5:10am
Quoting manuel
It is a sell order below the price, not above. The sell order (@148.719) was placed at the moment the bar of 08:31 was closed at price 148.72. This is a sell stop. I checked, No error 130.
Now I got what you refer to. The script presented in the following link is not accurate:
http://www.forexfactory.com/showthread.php?t=572375

I use my own method to backtest EAs on Renko charts.
Trading is the hardest way to make easy money...
  • #209
  • Jun 19, 2016 5:39am Jun 19, 2016 5:39am
Can you please help me getting more accurate results somehow?
  • #210
  • Jun 19, 2016 6:43am Jun 19, 2016 6:43am
Awesome Stuff MathTrader7 ..gets the same charts as Mean Renko ..Thank you
  • #211
  • Jun 22, 2016 7:11am Jun 22, 2016 7:11am
Math.

Question:
Renko bar, if on same direction of previous renko bar - will close at brick size from its open (or previous close, it's the same).
​Renko bar, if on opoosite direction of previous renko bar - will close at brick size from previous open.

Right or wrong?
  • #212
  • Jun 22, 2016 8:20am Jun 22, 2016 8:20am
Quoting manuel
Math. Question: Renko bar, if on same direction of previous renko bar - will close at brick size from its open (or previous close, it's the same). ​Renko bar, if on opoosite direction of previous renko bar - will close at brick size from previous open. Right or wrong?
Correct!
Trading is the hardest way to make easy money...
  • #213
  • Jun 22, 2016 9:44am Jun 22, 2016 9:44am
Thanks.

What about my other question earlier?

Quoting manuel
Can you please help me getting more accurate results somehow?

http://www.forexfactory.com/showthre...65#post8987465
  • #214
  • Jun 22, 2016 10:19am Jun 22, 2016 10:19am
Quoting manuel
Thanks. What about my other question earlier? {quote} http://www.forexfactory.com/showthre...65#post8987465
It is not straight forward. For the most accurate backtesting of the Renko trading EAs, I integrate my non-gap Renko generator function into the Renko trading EAs. So, the Renko bricks are created tick by tick (using real-ticks) and stored in the memory where I apply the trading strategy of the EAs to. For standard MT4 indicators, you can use iXXXOnArray() function. For custom indicators, you need to implement them to work similar to iXXXOnArray() functions.

Best,
Math
Trading is the hardest way to make easy money...
  • #215
  • Edited 3:18pm Jun 27, 2016 3:06pm | Edited 3:18pm
Version 1.46 released. In this version the user can choose non-gap/rail-to-rail Renko type. I updated Post 1.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM2.png Size: 36 KB
Trading is the hardest way to make easy money...
  • #216
  • Jul 24, 2016 6:42pm Jul 24, 2016 6:42pm
Quoting MathTrader7
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 creates a non-gap version of Renko charts. I personally prefer this type of building Renko charts and wanted to share my EA with the community. {image} How to run it: 1. Download MathTrader7_RenkoChartCreatorEA.ex4 from the attachments and copy it into your Experts folder. 2. Enable Allow DLL import in Tools>Options>Expert Advisors tab. 3. Refresh your MT4 platform's navigator window (or restart MT4). 4....
Cannot seem to attach an expert file to chart. ( No problems pasting things from Indicator folder). How do I put an expert onto chart please ??
every Saint has a past. Every Sinner has a Future
  • #217
  • Jul 25, 2016 2:49am Jul 25, 2016 2:49am
Quoting turnip15
{quote} Cannot seem to attach an expert file to chart. ( No problems pasting things from Indicator folder). How do I put an expert onto chart please ??
Read Post 1. There is a step-by-step explanation how to attach the Renko builder EA to a chart, and how to open the generated offline Renko chart.
Trading is the hardest way to make easy money...
  • #218
  • Jul 25, 2016 3:00am Jul 25, 2016 3:00am
Quoting MathTrader7
{quote} Read Post 1. There is a step-by-step explanation how to attach the Renko builder EA to a chart, and how to open the generated offline Renko chart.
Thanks -I did read post 0ne. Still managed to mess it up hence my enquiry. Will try again later.
every Saint has a past. Every Sinner has a Future
  • #219
  • Jul 25, 2016 4:23am Jul 25, 2016 4:23am
Quoting turnip15
{quote} Thanks -I did read post 0ne. Still managed to mess it up hence my enquiry. Will try again later.
Apologies math
Sorted satisfactorily -my fault for not looking closely at the Nav. screen and uncovering experts box at bottom
every Saint has a past. Every Sinner has a Future
  • #220
  • Jul 25, 2016 4:27am Jul 25, 2016 4:27am
Quoting turnip15
{quote} Apologies math Sorted satisfactorily -my fault for not looking closely at the Nav. screen and uncovering experts box at bottom
Glad to hear that you managed to install it :-)
Trading is the hardest way to make easy money...
0 traders viewing now