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Non-gap Renko Chart Creator EA

  • #301
  • Feb 1, 2017 9:16am Feb 1, 2017 9:16am
Hi Math

with renko rail to rail I too have problems with objects on the chart. When I put a trendline or similar on the chart it just disappears

Cheers

Eamonn.
  • #302
  • Feb 1, 2017 11:54am Feb 1, 2017 11:54am
Quoting Eamonn
Hi Math with renko rail to rail I too have problems with objects on the chart. When I put a trendline or similar on the chart it just disappears Cheers Eamonn.
Hi Eamonn,

I have never seen such things to happen. Unless you draw some object on the created Renko chart and then you change the Renko brick size in the Renko builder EA, where the EA rebuilds the chart and all object on the chart will be deleted.

Best,
Math
Trading is the hardest way to make easy money...
  • #303
  • Edited 3:40pm Feb 1, 2017 12:00pm | Edited 3:40pm
Quoting Hutch
Good Day MathTrader7, I'm very impressed by the work you are doing for the FF community and I thank you. I have attached 3 Renko 10 pips charts as follows: M9 shows a normal Renko chart M10 shows a median Renko chart M11 shows a no-gap Renko chart produced by your EA version 1.49 All charts produce Renko bricks that can be used but provide the user with different data depending on the indicators used. I exclusively trade with Renko charts using the EMA crossover of EMA 10 and EMA 21 as the trigger to enter trade and I exit the trade when I see two...
Hi Hutch,

Thanks for the survey, it actually shows how much the non-gap Renko builder EA is accurately generating the Renko charts. Please note that the non-gap Renko builder EA reconstructs Renko bricks from history data the most accurately, and this is essential for the backtest of any Renko EA, if we don't want to fool ourselves with unrealistic results.

Best,
Math
Trading is the hardest way to make easy money...
  • #304
  • Feb 1, 2017 3:16pm Feb 1, 2017 3:16pm
Quoting MathTrader7
{quote} Hi Hutch, Thanks for the survey, it actually shows how much the non-gap Renko builder EA is accurately creates the Renko charts. Please note that the non-gap Renko builder EA reconstructs Renko bricks from history data the most accurately, and this is essential for the backtest of any Renko EA, if we don't want to fool ourselves with unrealistic results. Best, Math
thanks So much MathTrader for the new version... please tell me , you mention key things to designing a good Renko strategy," accurately creates the Renko charts'' and
"reconstructs Renko bricks from history data the most accurately". to what percentage accuracy can we rely on the created charts that if EA was running in real time it would look the same? the reason why I'm asking is that my strategy is looking too good to be true with the introduction of your version esp the rail to rail.
  • #305
  • Feb 1, 2017 3:46pm Feb 1, 2017 3:46pm
Quoting kalonjifire
{quote} thanks So much MathTrader for the new version... please tell me , you mention key things to designing a good Renko strategy," accurately creates the Renko charts'' and "reconstructs Renko bricks from history data the most accurately". to what percentage accuracy can we rely on the created charts that if EA was running in real time it would look the same? the reason why I'm asking is that my strategy is looking too good to be true with the introduction of your version esp the rail to rail.
You're welcome! :-)
This is a good question. In the absence of the history data of ticks, what the non-gap Renko builder EA creates is the most accurate reconstruction of Renko bricks. But for a more reliable backtest, one needs to download real ticks data and build the Renko bricks. The best way to test a Renko trading strategy (or EA) is forward test.
Trading is the hardest way to make easy money...
  • #306
  • Feb 1, 2017 4:26pm Feb 1, 2017 4:26pm
From my experience building some EAs operating on Range Bars with small range, like 1 pips, only tick data generated files for strategy tester give relevant results. Small range Range Bar or Renko charts generated from M1 charts are simply not true due to the limitations of MT4 regular hst files time resolution - min. 1 minute. It also applies to attempts of back testing manual strategies on such data.
It's being here now that's important.
  • #307
  • Feb 2, 2017 1:30pm Feb 2, 2017 1:30pm
Quoting MathTrader7
{quote} You're welcome! :-) This is a good question. In the absence of the history data of ticks, what the non-gap Renko builder EA creates is the most accurate reconstruction of Renko bricks. But for a more reliable backtest, one needs to download real ticks data and build the Renko bricks. The best way to test a Renko trading strategy (or EA) is forward test.
that sounds very logical thanks a lot for your help.if i may ask please , so for strategy based on 10 pip bars with signals only being generated at bar close and static SL and TP and not being particular about tick data this is as good as it gets .. meaning if i run the renko building EA for say 3 days on vps and screenshot my chart then restart platform , will the ea reconstruct a chart exactly as my saved chart created in a live ticking market? if yes thats all i need for mine to work
  • #308
  • Edited Feb 3, 2017 10:01am Feb 2, 2017 1:55pm | Edited Feb 3, 2017 10:01am
Quoting kalonjifire
if i run the renko building EA for say 3 days on vps and screenshot my chart then restart platform , will the ea reconstruct a chart exactly as my saved chart created in a live ticking market?
As I many times mentioned, in the absence of the history data of the ticks it is IMPOSSIBLE to reconstruct EXACTLY the same Renko bricks.
Trading is the hardest way to make easy money...
  • #309
  • Feb 3, 2017 9:07am Feb 3, 2017 9:07am
well said ... i must say its better than any other Renko builder i have used so far... thanks alot for your had work
  • #310
  • Feb 3, 2017 10:10am Feb 3, 2017 10:10am
Quoting MathTrader7
{quote} As I many times mentioned, in the absence of ticks it is IMPOSSIBLE to reconstruct EXACTLY the same Renko bricks.
im even ashamed to ask this because for most logics out there it would be silly of me to think like this but anyway here goes.... is it possible to code the EA to rely solely on the history data it uses to build when you put it on a new chart and not the tick data meanwhile forcing it to recheck history after every 25sec or otherwise print new bars if any at the close of m1 bar. this is a quest to give the same Renko bar build while trading as you would find if you restart your platform. forgive me for MathTrader if im pestering you with this quest . Unfortunately im forbidden to share our tools or screenshots but will ask my partner for a clean version to express my excitement with the introduction of your rail to rail version of Renko.
  • #311
  • Feb 6, 2017 10:46am Feb 6, 2017 10:46am
Quoting MathTrader7
{quote} As I many times mentioned, in the absence of the history data of the ticks it is IMPOSSIBLE to reconstruct EXACTLY the same Renko bricks.
Dear MT7,
Been looking into this thread through the weekend and although I have not tested your renko EA I believe from others testimonies it is really good. Weldone!.

To address the issue to which you replied above which some others have asked or requested also, I think having a PRICE ANCHOR/STARTING PRICE will help the renko bricks remain the same even after refreshing or changing TFs. I got this info from a well respected renko guy called Kiads from
http://www.forexfactory.com/showthre...60#post7891760 paragraph 3.

Hope it helps anyway, thats if I get their question/need right as it will benefit even I also.

Thanks for your help.
Rapzy
  • #312
  • Feb 8, 2017 12:38pm Feb 8, 2017 12:38pm
Quoting RapzyFX
{quote} Dear MT7, Been looking into this thread through the weekend and although I have not tested your renko EA I believe from others testimonies it is really good. Weldone!. To address the issue to which you replied above which some others have asked or requested also, I think having a PRICE ANCHOR/STARTING PRICE will help the renko bricks remain the same even after refreshing or changing TFs. I got this info from a well respected renko guy called Kiads from http://www.forexfactory.com/showthre...60#post7891760 paragraph...
RapzyFX thanks for your link.. its exactly what i mean, we need to eliminate repaint effect somehow...
  • #314
  • Edited 9:34am May 22, 2017 6:25am | Edited 9:34am
Version 1.50 of single-symbol Renko creator EA released (I updated Post 1). In this version the EA automatically opens the offline Renko chart and applies the default template to the offline chart.
Trading is the hardest way to make easy money...
  • #315
  • May 22, 2017 8:08am May 22, 2017 8:08am
Quoting MathTrader7
Version 1.50 released. In this version the EA automatically opens the offline Renko chart and applies the default template to the offline chart.
Thanks, keep raising the bar.
Let it turn and find your entry.
  • #316
  • May 22, 2017 9:33am May 22, 2017 9:33am
Version 1.40 of multi-symbol Renko creator EA Released (I updated Post 1). In this version the EA automatically opens the offline Renko chart(s) and applies the default template to the offline chart(s).
Trading is the hardest way to make easy money...
  • #317
  • May 31, 2017 10:41am May 31, 2017 10:41am
Version 1.53 of single-symbol Renko creator EA released (I updated Post 1). In this version, the user can select the price type between three choices: Bid, Ask or (Bid+Ask)/2.
Trading is the hardest way to make easy money...
  • #318
  • Edited Jun 27, 2018 5:42am Jun 26, 2018 11:40am | Edited Jun 27, 2018 5:42am
Version 1.57 of the EA released (I updated Post 1). In this version,
1. The EA uses the standard functions of the kernel32 for file operations to deal with brokers offer symbols with suffixes such as "EURUSD..r" that cannot be handled with FileOpenHistory() of MQL4.

Note: THIS IS AN EXPERIMENTAL VERSION.

Edit: There is a bug in Version 1.56 that is fixed in 1.57.
Trading is the hardest way to make easy money...
  • #319
  • Edited Jun 27, 2018 5:43am Jun 26, 2018 3:16pm | Edited Jun 27, 2018 5:43am
Version 1.44 of multi-symbol Renko creator EA released (I updated Post 1). In this version,
1. The user can select the price type between three choices: Bid, Ask or (Bid+Ask)/2.
2. The EA uses the standard functions of the kernel32 for file operations to deal with brokers who offer symbols with suffixes such as "EURUSD..r" that cannot be handled with FileOpenHistory() of MQL4.
3. A bug fixed.

Note: THIS IS AN EXPERIMENTAL VERSION.
Trading is the hardest way to make easy money...
  • #320
  • Jun 26, 2018 6:26pm Jun 26, 2018 6:26pm
Thank you MathTrader
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