Non-gap Renko Chart Creator EA | Page 13 | Forex Factory

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Non-gap Renko Chart Creator EA

  • #241
  • Aug 5, 2016 10:34am Aug 5, 2016 10:34am
Quoting andddres1
{quote} thank you, thank you regards, Andres
You're welcome! :-)
Have green pips!
Trading is the hardest way to make easy money...
  • #242
  • Aug 5, 2016 10:46am Aug 5, 2016 10:46am
Quoting MathTrader7
{quote} The sequence of Open->Low->Open->Close for bullish and Open->High->Open->Close for bearish is pre-programmed into MT4 platforms to generate fake (non-existence) ticks. There is no way we can change the program.
I am not sure I understand:
MT4 will generate fake tick if there is no tick data.

What if we generate 1 minute data from tick data and then generate renko.
Will mt4 still generate fake ticks? is there another issue of non-time based renko bars that confuse MT4, thus it generates fake ticks?
  • #243
  • Aug 5, 2016 11:07am Aug 5, 2016 11:07am
Quoting manuel
What if we generate 1 minute data from tick data and then generate renko. Will mt4 still generate fake ticks?
The answer is YES.
MT4 platform does not know from which source (real-ticks or anything else) the M1 candles have been created.
Trading is the hardest way to make easy money...
  • #244
  • Aug 5, 2016 12:20pm Aug 5, 2016 12:20pm
Quoting Reamasesa
{quote} Yup, got it upgraded a while back.
Hi, Do you think it can be fixed, the issue with the price numbers? Also, can you add in the description on the chart the size of the Renko bars in pips (like the pimped version is doing)? Thanks.
  • #245
  • Aug 5, 2016 12:27pm Aug 5, 2016 12:27pm
Quoting Reamasesa
{quote} Hi, Do you think it can be fixed, the issue with the price numbers? Also, can you add in the description on the chart the size of the Renko bars in pips (like the pimped version is doing)? Thanks.
I've heard that offline charts do not work properly on Windows 10. I don't have Windows 10 OS on my computers, so I cannot possibly debug and fix this issue.
The Renko brick size is written in Points not in pips.
Trading is the hardest way to make easy money...
  • #246
  • Aug 5, 2016 5:22pm Aug 5, 2016 5:22pm
Quoting manuel
Help needed: I am running my own EA on an offline m1 chart made of renko bars. I used math7 EA to build these renko bars. My strategy is Intra bar trading. The main problem for me is Intra Bar on backtest, its tick by tick movements, before shaping 1 complete renko bar, does not represent real market. For bulish bar, backtest tend to shape the renko bar as Open->Low->Open->Close, while for bearish bar renko tend to shape the bar by Open->High->Open->Close. Markets tick by tick movement are not that simple. I cant find any solutions for this. Its...
Try this


http://www.forexfactory.com/showthre...70#post9070070
Let it turn and find your entry.
  • #247
  • Aug 5, 2016 6:06pm Aug 5, 2016 6:06pm
Quoting MathTrader7
{quote} I've heard that offline charts do not work properly on Windows 10. I don't have Windows 10 OS on my computers, so I cannot possibly debug and fix this issue. The Renko brick size is written in Points not in pips.
Thanks for replying. They are working well for me for the past several months now, I've been using the 4.13 pimped EA (I can upload the EA if you want). Having one EA to do all the work for several charts is better, so if you could figure it out of wild be great. Thanks again.
  • #248
  • Aug 6, 2016 3:43am Aug 6, 2016 3:43am
hi
is this EA saves ticks ? meaning when u change TF in feeder chart or reopen the MT4 , the shape of bars whould change or not?
tnx
  • #249
  • Aug 6, 2016 4:57am Aug 6, 2016 4:57am
Quoting golden-way
hi is this EA saves ticks ? meaning when u change TF in feeder chart or reopen the MT4 , the shape of bars whould change or not? tnx
The EA doesn't save ticks.
Trading is the hardest way to make easy money...
  • #250
  • Aug 6, 2016 1:48pm Aug 6, 2016 1:48pm
hey
i need a "range bar " maker that saves ticks, so it dosnt change the shape after changing TF in feeder chart or reopening the mt4 ...
anyone knows such a EA or INDI ... ?
tnx
  • #251
  • Aug 7, 2016 5:16pm Aug 7, 2016 5:16pm
Quoting golden-way
hey i need a "range bar " maker that saves ticks, so it dosnt change the shape after changing TF in feeder chart or reopening the mt4 ... anyone knows such a EA or INDI ... ? tnx
I use this one (indicator)
Attached File(s)
File Type: mq4 RangeBarChart_v103a (1).mq4   16 KB | 813 downloads

but it has some problems: sometimes the offline chart cannot be found and I also noticed that the range can somehow inrease...
Another "thing" with available range bar makers is that you need to open loads of charts.
Maybe Mathtrader has something similar to his renko builder like "MathTrader7_RenkoMultiChartCreatorEA"
which only needs one chart for any amount of offline charts:
simply brillant
  • #252
  • Aug 9, 2016 1:58pm Aug 9, 2016 1:58pm
Quoting Go5
{quote} I use this one (indicator) {file} but it has some problems: sometimes the offline chart cannot be found and I also noticed that the range can somehow inrease... Another "thing" with available range bar makers is that you need to open loads of charts. Maybe Mathtrader has something similar to his renko builder like "MathTrader7_RenkoMultiChartCreatorEA" which only needs one chart for any amount of offline charts: simply brillant ...
tnx buddy
  • #253
  • Aug 19, 2016 6:14pm Aug 19, 2016 6:14pm
Does anyone have a Non-gap Renko Chart EA with the mq4 extension? Greatly appreciated!!
  • #254
  • Aug 31, 2016 1:35pm Aug 31, 2016 1:35pm
Version 1.48 of non-gap single symbol Renko chart creator EA released (I updated Post 1). In this version the user can set the number of look back bars.
Trading is the hardest way to make easy money...
  • #255
  • Sep 1, 2016 10:54am Sep 1, 2016 10:54am
great work math
can u plz add "range bars" to it aswell?
cheers
  • #256
  • Sep 1, 2016 11:01am Sep 1, 2016 11:01am
Quoting golden-way
great work math can u plz add "range bars" to it aswell? cheers
Hi golden-way,

The purpose of developing non-gap Renko builder was to make Renko backtesting more close to the real-world, where there is no real gap between open of reverse Renko brick and the close of the previous one.
By range bars, if you mean shifted Renko charts, then such charts consistently represent a non-existing gap between open of a brick and the previous Renko bricks which is against the purpose of this thread.

Best,
Math
Trading is the hardest way to make easy money...
  • #257
  • Edited 6:44am Sep 2, 2016 5:52am | Edited 6:44am
Quoting MathTrader7
{quote} Hi golden-way, The purpose of developing non-gap Renko builder was to make Renko backtesting more close to the real-world, where there is no real gap between open of reverse Renko brick and the close of the previous one....
Just for curiosity, with no intention to start a flame discussion.
I compared one of your older EA backtests for the EURUSD 2010 on two identical charts, one rendered as the original Renko, while the other set as the non-gap. Since the tester used identical Dukascopy ticks I expected very close results. But surprisingly that was not the case, the results differed a lot.
So my conclusion was that those chart types were not quite compatible when tuning the EA (or perhaps only some EA).

Original Renko
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 83 KB


Non-gap Renko
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 86 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB
  • #258
  • Sep 2, 2016 6:53am Sep 2, 2016 6:53am
Quoting Halley
{quote} Just for curiosity, with no intention to start a flame discussion. I compared one of your older EA backtests for the EURUSD 2010 on two identical charts, one rendered as the original Renko, while the other set as the non-gap. Since the tester used identical Dukascopy ticks I expected very close results. But surprisingly that was not the case, the results differed a lot. So my conclusion was that those chart types were not quite compatible when tuning the EA (or perhaps only some EA). Original Renko {image} Non-gap Renko {image} {image}
Sure do they make a big difference in backtesting. backtesting on non-gap Renko charts is more accurate than that on standard Renko charts.
Trading is the hardest way to make easy money...
  • #259
  • Sep 2, 2016 7:23am Sep 2, 2016 7:23am
Quoting MathTrader7
{quote} Sure do they make a big difference in backtesting. backtesting on non-gap Renko charts is more accurate than that on standard Renko charts.
Well, I would not say more or less accurate, it seems like the EA places SL at different levels.
  • #260
  • Sep 15, 2016 8:01am Sep 15, 2016 8:01am
Quoting MathTrader7
Version 1.48 of non-gap single symbol Renko chart creator EA released (I updated Post 1). In this version the user can set the number of look back bars.
great creation @MathTrader, however it is repainting , do you know whats happening? I click on properties and click ok and most of times another chart patterns come up...

sincerely, Andres
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