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Lets Automate a Simple Renko Strategy!

  • #2,301
  • Mar 9, 2017 9:40am Mar 9, 2017 9:40am
thank you
  • #2,302
  • Mar 10, 2017 6:43am Mar 10, 2017 6:43am
Quoting sevan62
{quote} Hi ordosgoitia, Great to hear such news mate. How long are you using this EA? How many pairs do you trade and how many deals are closed?
Hi Sevan62

I notice that you are very experienced in term of backtesting renko EA's on MT4.
I been trying for quite a while with no success. Well, I'm new to renko so it is a bit hard.
Downloaded offlinetesthelpel, renkochertcreator and renkoEA's.
Can you , please, guide me step by step the procedure from start to an end effectively.
Sorry to be so ignorant.
Thanks in advance.

Mac
  • #2,303
  • Mar 10, 2017 10:51am Mar 10, 2017 10:51am
Quoting MacMG
{quote} Hi Sevan62 I notice that you are very experienced in term of backtesting renko EA's on MT4. I been trying for quite a while with no success. Well, I'm new to renko so it is a bit hard. Downloaded offlinetesthelpel, renkochertcreator and renkoEA's. Can you , please, guide me step by step the procedure from start to an end effectively. Sorry to be so ignorant. Thanks in advance. Mac
Hi

Well, eventually I got it.
http://fxcraft.biz/en/knowledge-base...er-4-platform/
Thanks anyway.

Mac.
  • #2,304
  • Mar 10, 2017 10:34pm Mar 10, 2017 10:34pm
Quoting MacMG
{quote} Hi Sevan62 I notice that you are very experienced in term of backtesting renko EA's on MT4. I been trying for quite a while with no success. Well, I'm new to renko so it is a bit hard. Downloaded offlinetesthelpel, renkochertcreator and renkoEA's. Can you , please, guide me step by step the procedure from start to an end effectively. Sorry to be so ignorant. Thanks in advance. Mac
Hi MacMG,
For sure mate renko backtesting is not the simplest thing. There several ways to do it and the link you provide is one of the simplest but not the most precision kind of renko backtesting because it is based on reconstructing renko bricks from M1 data and do not take into account price movement inside M1 bars. The best way is to:

  1. Download Tick history from Dukascopy (with Tickstory or Tickstory lite) or any other good history data source. Be aware that tick data file may have a weight of several GB.
  2. Convert Tick data .csv file to renko brick data .csv file.
  3. Apply this brick data .csv file for MT4 History Center to create Renko charts.

Have a nice w/e.
Stay green.

BR, alex
  • #2,305
  • Mar 10, 2017 11:53pm Mar 10, 2017 11:53pm
Quoting sevan62
{quote} Hi MacMG, For sure mate renko backtesting is not the simplest thing. There several ways to do it and the link you provide is one of the simplest but not the most precision kind of renko backtesting because it is based on reconstructing renko bricks from M1 data and do not take into account price movement inside M1 bars. The best way is to: Download Tick history from Dukascopy (with Tickstory or Tickstory lite) or any other good history data source. Be aware that tick data file may have a weight of several GB. Convert Tick data .csv file...
Hi sevan62
Go over the step's again pls.
1. Dukascopy - understand
2. Rename - understand
3. Apply brick data.csv - Can you please clarify
ex:
Delete the M5 history and import brick data.csv
Run Renko on the fresh M5
Apply the steps a.p. http://fxcraft.biz/en/knowledge-base...er-4-platform/
  • #2,306
  • Mar 11, 2017 12:51am Mar 11, 2017 12:51am
Quoting Tekkies
{quote} Hi sevan62 Go over the step's again pls. 1. Dukascopy - understand 2. Rename - understand 3. Apply brick data.csv - Can you please clarify ex: Delete the M5 history and import brick data.csv Run Renko on the fresh M5 Apply the steps a.p. http://fxcraft.biz/en/knowledge-base...er-4-platform/
Hi Tekkies,

  1. Dukascopy ...
  2. Not rename but convert downloaded Tick.csv data file to Renko.csv file. A special script/convertor is necessary for it. There are differencies in tick (input) data and renko (output) data formats that is why you need to have or develop this scrip for particular input/output formats.
  3. Install a separate MT4 terminal for Renko back-testing. Disconnect it from internet and do not connect it any more while you are backtesting Renko.
  4. Delete all *.hst files from your \MT4\history folder.
  5. Open MT4 History Center by pressing F2 key. Import your Renko.csv file and create renko bricks .hst file which will be named as EURUSD1.hst by MT4 which means that it is M1 history file. But it is not M1 but Renko file and you may use it for Renko back-testing.

P.S. Please note that the smaller renko brick size the more accuracy you need for back-testing. For example if your brick size is from 10-20 pips and more the accuracy of the method from your link is good enough but if you use 2-3 pips brick size this method would give you terrible results in back-testing.

BR, alex
  • #2,307
  • Mar 11, 2017 11:59am Mar 11, 2017 11:59am
Quoting sevan62
{quote} Hi Tekkies, Dukascopy ... Not rename but convert downloaded Tick.csv data file to Renko.csv file. A special script/convertor is necessary for it. There are differencies in tick (input) data and renko (output) data formats that is why you need to have or develop this scrip for particular input/output formats. Install a separate MT4 terminal for Renko back-testing. Disconnect it from internet and do not connect it any more while you are backtesting Renko. Delete all *.hst files from your \MT4\history folder. Open MT4 History Center by pressing...

Hi Sevan62 and Tekkies.

Very glad to have you guys around.
Well, what is this lovely script which you mention about Sevan62.
Any chance to share it with as?
Or any suggestions?
If yes, will appreciate very much.
There are not many who wants and have the ability to conduct proper testing or optimization.
I use my three separate terminals for testing/optimizing only.
As we all know it takes allot of time.
Maybe is good idea to create kind of "testing centre" especially for renko EA's which as you rightly mention required bit more afford then standard testing. Or I'm simply wrong.
It is my first serious to renko blocks approach, so I don't know yet.
What about option to share with date renko files ready to "go".
Let's think about it guys, please.

Regards
Mac.
  • #2,308
  • Mar 11, 2017 12:13pm Mar 11, 2017 12:13pm
Quoting Tekkies
{quote} Hi sevan62 Go over the step's again pls. 1. Dukascopy - understand 2. Rename - understand 3. Apply brick data.csv - Can you please clarify ex: Delete the M5 history and import brick data.csv Run Renko on the fresh M5 Apply the steps a.p. http://fxcraft.biz/en/knowledge-base...er-4-platform/
Hi Tekkies

This is very helpful link but there's small trick in step 4.
Hit the right side mouse open a tab and ; Expert Edvisors / Strategy Tester-F6 to copy your chart M1/RenkoLiveChart1.7 to tester.
I haven't found any other way to transfer EA-renko which will work.
Start test and then go for offline chart eg; GBPUSD2.
I hope it will help to save your time mate.

regards

mac.
  • #2,309
  • Mar 11, 2017 2:40pm Mar 11, 2017 2:40pm
Quoting MacMG
{quote} Hi Tekkies This is very helpful link but there's small trick in step 4. Hit the right side mouse open a tab and ; Expert Edvisors / Strategy Tester-F6 to copy your chart M1/RenkoLiveChart1.7 to tester. I haven't found any other way to transfer EA-renko which will work. Start test and then go for offline chart eg; GBPUSD2. I hope it will help to save your time mate. regards mac.
MacMG
First post:
Won't work. Have tried it once before and "Upload From Device" gave an error that file is to big. Do not remember the size limit. Don't want to use a file splitter. Some ouk's around here are not very clued up about computer's and I really would like the thread, pm box's to stay empty. You know those "where must i put the........ or How do I........."
Second post: Thanks
--------
Normally I just use M5 in demo account
- Log on
- Build renko from M1
- Open off line chart M2
- Ctrl-S
- Disconnect server
- Log on with blank server name to stay disconnected
- F2
- Open M5, delete all data
- Import saved M2
- The block's are there, are they Renko's I don't know for some of them are not from around here.
- Fix blocks with F2. (very time consuming and difficult)
- Test EA
----------
Back testing is exultantly worthless. Use it to fix obvious code error and to see if EA has potential. Prefer demo account then live account.
Working on this EA posted a couple of post back.
Attached File(s)
File Type: mq4 MA Trail EA v1.02.mq4   149 KB | 671 downloads


When loged on to Demo Account no error
Following the step from the webpage supplied (thanks), MetaEditor error: debugger specified symbol is not selected. Google can not answer it.
Assumption is that MetaEditor can not find the server, only Symbol() is used in the EA and no currancie is specified, unless MetaEditor is looking at Backtester Symbol or Chart Symbol
Just love such puzzle's
  • #2,310
  • Mar 12, 2017 5:19am Mar 12, 2017 5:19am
Quoting Tekkies
{quote} MacMG First post: Won't work. Have tried it once before and "Upload From Device" gave an error that file is to big. Do not remember the size limit. Don't want to use a file splitter. Some ouk's around here are not very clued up about computer's and I really would like the thread, pm box's to stay empty. You know those "where must i put the........ or How do I........." Second post: Thanks -------- Normally I just use M5 in demo account - Log on - Build renko from M1 - Open off line chart M2 - Ctrl-S - Disconnect server - Log on with...
Hi Tekkies

Thanks for response.
First. Yes, I'm OK to keep my pm box busy.
Second. I haven't use so far this code. Please let me look in it closer and see if is worth even touch.
As I mention I'm a beginner to renko and don't want to disappoint anyone around with empty promises.
And finally third. Without testing/optimizing ability this idea is already dead.

regards

Mac
  • #2,311
  • Mar 12, 2017 6:28am Mar 12, 2017 6:28am
Quoting Tekkies
{quote} MacMG First post: Won't work. Have tried it once before and "Upload From Device" gave an error that file is to big. Do not remember the size limit. Don't want to use a file splitter. Some ouk's around here are not very clued up about computer's and I really would like the thread, pm box's to stay empty. You know those "where must i put the........ or How do I........." Second post: Thanks -------- Normally I just use M5 in demo account - Log on - Build renko from M1 - Open off line chart M2 - Ctrl-S - Disconnect server - Log on with...

Hi Tekkies

I took closer look in the code of a "MA Trail EA v1.02.mq4" as you mention about arrors and I found that there are 1465 lines of code up there, which I think maybe 15-20% I will need. There are 17 basic errors and 148 warnings.
Well, I found it hard to see any logic in "OrdersHistoryTotal" management and not only that, but I may be wrong with my understanding ability.
All my "OrdersHistoryTotal" I usually tend to mange on my bank statement eventually.
However as I read in previous posts this code is no fully ready to go.
So, for now is out of my interest.

regards
Mac
  • #2,312
  • Mar 12, 2017 12:00pm Mar 12, 2017 12:00pm
Quoting MacMG
{quote} Hi Tekkies I took closer look in the code of a "MA Trail EA v1.02.mq4" as you mention about arrors and I found that there are 1465 lines of code up there, which I think maybe 15-20% I will need. There are 17 basic errors and 148 warnings. Well, I found it hard to see any logic in "OrdersHistoryTotal" management and not only that, but I may be wrong with my understanding ability. All my "OrdersHistoryTotal" I usually tend to mange on my bank statement eventually. However as I read in previous posts this code is no fully ready to go. So, for...
Let's correct one tiny little point.
Did not wrote that EA, and I got my Phd in GFCP (Google, Find, Copy, Past.). F1 botton in MetaEditor is my friend. That is all I know about coding. Learned to code on a Sinclair computer with GW basic I think it was called back then. Later the Commodore 64.

There are a lot of worthless code in that EA. Thinking the programmer wanted to show that he can program. So far the EA has not placed any order on Renko or Candle bar.
Have only cleaned the EA up by taken empty lines away and structured it in how I understand the bracket's and stuff.
Indicators
//iCustom(NULL,0,"StepMA_v7",maperiod,0,pos); is a remark why?
-------
int minsincenews=iCustom(NULL,0,"FFCal",true,true,false,true,true,1,0); Fractical's???? Why????
--------
// You need the indicator vGrafBalance&Equity.mq4????????? Why
GlobalVariableSet("vGrafBalance",AccountBalance());
GlobalVariableSet("vGrafEquity",AccountEquity());
---------
Trailer Stop
if(Ask > iMA(NULL,0,maperiod,0,mamethod,maprice,0)+MarketInfo(Symbol(),MODE_STOPLEVEL).........................
if(Bid < iMA(NULL,0,maperiod,0,mamethod,maprice,0)-MarketInfo(Symbol(),MODE_STOPLEVEL)*pt)....................
Where does the EA call SMA and how is the Renko block calculated?

Come on Mac, are you going to leave me alone that this thing can eat me alive and spit the bones out. It only take's one "Void" step at a time to crack this mq4.
  • #2,313
  • Mar 13, 2017 2:10am Mar 13, 2017 2:10am
Quoting Hutch
Thanks Tekkies for the confirmation. Looks like my eyes are fine but can't real properly! Sizzles, would you mind sharing your automated Renko trading strategy? It might help traders like me that only trade manually.
I am not sizzles Hutch and we discussed with each other concerning your way of trading with the EMA10 crossing the EMA 21. No matter if we are using normal or Median Renko's. I have a great EA which originally triggers on a crossing of MACD. As you know, there are three parameters and I don't need the third for using your way of trading. It was a lot easier than I was thinking. I had to set the third parameter at "0". Everything is working very well now. There is a lot of intelligence in the EA about managing the Trade when you are in position like partial Close, 5 Break Even settings and even a Trail Stop, time settings and many many more................ At the moment I am using a cross over of 5 with 10 but you are totally free to choose. You can choose whatever you like concerning way of calculation MA like EMA or SMA and more and of course the periods of amount Bars.

As everybody knows I am always willing to help with tips, sharing screens and more but totally sharing for free in case this EA I don't do that, sorry. It cost me with adding some tweaks a few times a lot of money.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA_Crossing1.png Size: 79 KB
Click to Enlarge Name: EA_Crossing2.png Size: 74 KB
Keep it simple without too many crappy indicators!
  • #2,314
  • Mar 13, 2017 2:37am Mar 13, 2017 2:37am
Quoting Tekkies
{quote} Let's correct one tiny little point. Did not wrote that EA, and I got my Phd in GFCP (Google, Find, Copy, Past.). F1 botton in MetaEditor is my friend. That is all I know about coding. Learned to code on a Sinclair computer with GW basic I think it was called back then. Later the Commodore 64. There are a lot of worthless code in that EA. Thinking the programmer wanted to show that he can program. So far the EA has not placed any order on Renko or Candle bar. Have only cleaned the EA up by taken empty lines away and structured it in how...

Hi Tekkies .

I love your Phd my bro. There was Atari in the meantime and there was my time.
Well, I do not consider my self to be any good coder.
Which doesn't mean I'm not coding, still learning.
I love your phrase too "this thing can eat me alive and spit the bones out."
As I said this code is "illogical" to me even perhaps its author had "bright" idea behind.
Who knows...
I'm not going to live you either.
My point is simple. If there is not testing/optimizing ability in place, I'm out from this system.
I'm 2008 crush survivor with OandaUS at that time, and I learned allot since there.
So, let's do the job if possible. Hope to have Sevan62 on board then maybe we "can".

cheers
Mac.
  • #2,315
  • Mar 13, 2017 3:39am Mar 13, 2017 3:39am
Quoting Tekkies
{quote} MacMG First post: Won't work. Have tried it once before and "Upload From Device" gave an error that file is to big. Do not remember the size limit. Don't want to use a file splitter. Some ouk's around here are not very clued up about computer's and I really would like the thread, pm box's to stay empty. You know those "where must i put the........ or How do I........." Second post: Thanks -------- Normally I just use M5 in demo account - Log on - Build renko from M1 - Open off line chart M2 - Ctrl-S - Disconnect server - Log on with...
Thanks for posting it here.....interesting code & work!
Vucking good EA coder... https://t.ly/AZjRM
  • #2,316
  • Mar 13, 2017 3:54am Mar 13, 2017 3:54am
Quoting luvene
{quote}I am not sizzles Hutch and we discussed with each other concerning your way of trading with the EMA10 crossing the EMA 21. No matter if we are using normal or Median Renko's. I have a great EA which originally triggers on a crossing of MACD. As you know, there are three parameters and I don't need the third for using your way of trading. It was a lot easier than I was thinking. I had to set the third parameter at "0". Everything is working very well now. There is a lot of intelligence in the EA about managing the Trade when you are in position...
Hi Luvene where you find this EA?
where i can downloaded?
  • #2,317
  • Mar 13, 2017 7:18am Mar 13, 2017 7:18am
[quote=Tekkies;9655725]{quote} ------- int minsincenews=iCustom(NULL,0,"FFCal",true,true,false,true,true,1,0); Fractical's???? Why???? --------

FFCal is a news calendar indicator -- see attached.
Attached File(s)
File Type: mq4 FFCal.mq4   35 KB | 534 downloads
  • #2,318
  • Mar 13, 2017 7:24am Mar 13, 2017 7:24am
Quoting Tekkies
{quote} //iCustom(NULL,0,"StepMA_v7",maperiod,0,pos); is a remark why?
iCustom() is a built-in function of MQ4 that calls a custom indicator, usually to determine when to open/close a trade. In this case the custom indicator is StepMA_v7, and the indi code (StepMA_v7.mq4) would need to reside in the Indicators folder.

It's probably commented out because the EA author didn't want to use that indi anymore, or that indi is commercial code, or the indi code is forever lost, or ...
  • #2,319
  • Mar 13, 2017 7:27am Mar 13, 2017 7:27am
Quoting Tekkies
{quote} You need the indicator vGrafBalance&Equity.mq4????????? Why GlobalVariableSet("vGrafBalance",AccountBalance()); GlobalVariableSet("vGrafEquity",AccountEquity()); ---------
These are not indicators, but are global variables, meaning they could be used in functions/subprograms that are placed in .mqh files and stored in the Indicators folder, or the functions/subprograms are in the .mq4 file itself.
  • #2,320
  • Mar 13, 2017 7:32am Mar 13, 2017 7:32am
Quoting Tekkies
{quote} Trailer Stop if(Ask > iMA(NULL,0,maperiod,0,mamethod,maprice,0)+MarketInfo(Symbol(),MODE_STOPLEVEL)......................... if(Bid < iMA(NULL,0,maperiod,0,mamethod,maprice,0)-MarketInfo(Symbol(),MODE_STOPLEVEL)*pt).................... Where does the EA call SMA and how is the Renko block calculated?
I haven't looked at the code yet, but based on the name of the EA and the lines of code you posted, this EA probably runs on the offline Renko chart -- some other indi/EA builds the Renko bricks. The iMA() function is the built-in function that calculates MA and you can see its spec at https://docs.mql4.com/indicators/ima.
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