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Hello Kiads,
I just wanted to let you know about issues i’ve had using the renko builder just in case it might be useful.
I’ve found the 610 build the best build so far as i don’t use the time bars so fewer externs to set.
However i have sometimes used the 700+ build as it was an updated version.
So, i was using 700+ then of course metaquotes decided to do more bug fixing and generally creating more havoc by releasing 830 and 840.
At the same time i had been trying to ‘improve’ my EA and i can only do simple coding.
I have my EA set to open n trades on bar opens (one trade per bar).
On the latest mt4 releases i was using renko builder 700 or 700+ (when i looked for 765 build i could only find 700).
After modifying my EA all of a sudden it started opening trades on every tick, so all my trades got opened on the same bar.
I assumed my coding was at fault, then i thought it was the mt4 update, then i though it was my vps, then my install was bad because of the update. Finally i thought maybe the mt4 update had caused renko 700+ to malfunction, i went back to build 610. Then everything worked.
610 seems to work better with mt4 840 than it ever has. It even deletes the indicator info from the chart when the indicator is deleted and i don’t think it even says waiting for connection after re starting the terminal, which it always did on my set ups.
So, it seems metaquotes have caught up with your coding and made one of your earlier version work really well.
Obviously i don’t know if it’s just me that found issues with latest mt4 and renko builder 700 /700+, but that’s what i found.
So, just thought you may like to know, and thank you for your great work.Hi Hankee, If you’re still monitoring the thread.
I thought maybe this EA might be of interest. I found it with the code all messed up, but with very limited coding ability i managed to get it working something like i think was originally intended.
Basically it opens a pair opposite positions simultaneously so will need broker who accepts same pair hedging. The take profit takes account of the spread for both positions, then adds the tp input value. The loss is set at 2x spread plus your input.
When both positions open and the price moves in one direction one position will go into loss and close out at loss, then hope the winning position hits tp value of 2x spread plus a few pips profit.
When both positions close it open two new positions and repeat.
I haven’t tested on live feed yet as markets closed. In back test it works nicely, most times it take small profit from the dual trades but has enough trades where first loss is hit then price reverse and hit the other loss so it losing slowly.
I think this EA is a good candidate for martingale type mm as we have fixed tp and loss values and it rarely lose more than 3 or 4 in a row (on interpolated tick that is).
Also it tends in back test to win/lose in series of trade type. So if martingale was implemented perhaps filter the martingale to add the increase only to the last winning type. ie if nominal lots is 0.1 and last win was buy the buy in the next pair trades at 0.2 while the sell remains at 0.1.
It would be interesting to see how it behaves.Hi kiads,
Very sorry for delay in responding to your kind reply.
Thank you for posting the code.
Actually i found what was causing the issue. I was using your flip renko vB610, because i had the micro suffix, i had set StrangeSymbolName to true and just put EURUSD in the pair name which didn’t work. However when i set StrangeSymbolName to false and put EURUSDmicro in the pair name everything worked well.
Thank you for your brilliant indicators and your help.I wonder if any one has a solution to this.
I have a problem with getting my EA to work on a micro account.
I find that if i run an mt4 back test on a time chart everything works good, but my live charts have the suffix micro appended so i get pair names like USDJPYmicro.
I am using Kiads brilliant renko builder indicator. I apply the indicator to a 1M USDJPYmicro chart and put USDJPYmicro in the pair extern and 2 for the offline chart.
I open the M2 offline chart and it ticks nicely. I then apply EA to M2 chart, but it does not trade.
I tried in the EA to put extern input string symbol= “USDJPY” and “USDJPYmicro” and changed the Symbol() in the EA to =symbol, but still doesn’t seem to work.
Any one have any idea what i should do to fix please.Hello wolf schiller
I sometimes use tickstory for back testing here (www.tickstory.com), a free download as it uses ticks instead of only the four data points for the minute bars available in mt4. One has to download the tick data from some where such as dukascopy to run tickstory. The completed bars compare well with broker minute bars, but using an EA on mt4 back testing with tickstory allows for a much bigger likely hood of trades opening and closing in the right place, where as with minute only bars the trades can be at the wrong end of the bar so give worthless results.
The renko pointo indicator has an online verification code as its a bought indi so can’t share, hope you understand. There is of course kiads really good renko indi, and there are other renkos on the net, one i think called parallels which i believe is similar to pointo but may need updating.
I’ve done a lot of other testing and set ups since the above post, so don’t remember too much about the detail aside from the detail in the post.
Sorry i can’t be of much help. Don’t know if you’re newer to renko than i am, but if you have questions i’ll help if i can.Hello Kiads,
and Saver0, thank you both, I too followed over from FF.
Just thought i’d post here because I like to use Renko and after checking out many trading strategies i figured i’d look into money management.
I attached a graph showing what it looks like, not sure if attachment shows up below . I think people will recognize it as an additive MM, but nothing like as harsh as martingale.
There is errors in the code and i think there is room for much improvement to smooth out draw downs.
If there is anyone who is interested to help develop it, especially if you like to code, I could start a group.
