Thread: Simple Renko System

Originally Posted by ;

Oops. I will sort that out later. Thanks.

the candle auto EA also triggers trade once it crosses center line of 6th indi? Not if it enters gold box...?! : /

ES Trader, any update from you referring tp sl and ea?!

Originally Posted by ;

, any update from you referring tp sl along with ea?!

No. I am trying to work out this new occasions. Before I comment 13, I want to test Steve's EA on demo.

Originally Posted by ;

steve I believe there's s.th wrong in the EA....EA triggered trade on usdjpy in
~ 83.60 and place tp to 133.60 and sl to 33.60?!

: /

I had a factor adding as it should have been multiplying.


https://www.forexsoutheast.asia/atta...1001576858.mq4

Originally Posted by ;

I had a factor adding when it should happen to be multiplying.

ty : )

Originally Posted by ;

...I attach another toy for us to play . The'Renko candle' ea appears purely at the candle direction. Start up and in the opening of candles it compares the price of the new/current candle to this of 2 candles past:If higher, then opens a buy trade and closes an open market if reduced, then opens a market commerce and closes an open buy... I am unsure what to compare the candle opening price with. Should it be the close of 2 candles past? Or one candle past? I can certainly make these consumer choices...

Why it shouldn't be 1 candle past rather than 2? This reminds me of a gamblers Roulette system, gambling on one before the past (Red/black, high/low, odd/even), that could have made you cash except for 2 low, 2 high combination. I suppose this could be profitable on exceptionally trending pairs and volatile pairs (in other words any currecny where you get 100pip runs. Will find out how it goes and stick it.

Kind Regards

Kind Regards

Originally Posted by ;

Why it shouldn't be 1 candle ago rather than 2? This reminds me of a gamblers Roulette system, gambling on one prior to the last (Red/black, high/low, odd/even), which would have made you cash except for 2 low, 2 high combination. I suppose this would be profitable on highly trending pairs and or volatile pairs (in other words some other currecny in which you get 100pip runs. Can stick it and find out how it goes.

Kind Regards

Kind Regards

When I tried to receive my head around Renko candle movement worked at a ranging market, it appeared to me that it took 2 candles to establish a movement.

Since that time, I've tried 1 candle ago - that works great at a trending market and has cut to ribbons in a ranging market.

Nowadays, anybody with a brain cell should be able to play my code and then tinker the the robot with their hearts content.

Mql4 has four arrays that deal with a candle's open, close, high and low. These are:Open[] Close[] High[] Low[] Inside the square brackets, we place a digit that pertains to a Specific candle.' 0' signifies the current candle. So Open[0] provides us the price of the current candle.

From here only requires the slightest beating of the schoolday maths teaching. We're taught that that numbers to the remaining are negative amounts, -1, -2 etc..

When thinking about preceding candles, we traders are looking backward in time but have to drop the unwanted bit of this digit. Therefore, the price of the candle is obtained by Open[1] not Open[-1]. Two candles would be Open[2] and so forth. The same applies to Close[], High[] and Low[].

Some instances:Low[5] returns the low of the candle no more 5 High[3] returns the high of the candle no 3. So, play the robot. Right click the robot pick'Modify' as soon as the source code looks in the editor window. Scroll down to the line of code that reads if (Open[0] gt; Open[two ])Alter this to if (Open[0] gt; Open[1]) or to if (Open[0] gt; Top [1]) or to if (Open[0] gt; Close[1]) or substitute the different [1] with [2] or [3] Then discover the line of code that reads if (Open[0] lt; Open[1]) and repeat your experiments After each source code modifiions, press the F5 key to compile the code you have edited, sit back and see the way the newly-edited bot takes trades and decide which setting is best.

Don't be scared men. Go ahead and play. You can not do any harm - you could always go back and re-download my robot should you muck up entirely.

Apparently, and marginally ridiculously, I'm considered a coding guru. Any idiot can code mql4. I'm a pianist, not a computer programmer. Given the aforementioned, guess how I have started with coding.

ES Trader, the robot is programmed to take, for Instance, a sell if:The brand new candle has opened beneath the gold lineup that the previous candle's top was above the gold lineup This caused the trade I feature in the pic. The red arrow shows where the market was taken. The high of the candle was above the tgl. Just.

Is this a decent trade? Otherwise, sing out and that I can make the alterations that are necessary. This is a simple matter, as explained in my prior article.

Further to my article about editing the code, here is a reply I sent to a pm a few minutes before, thanking me to the'programming lesson':

People often hate it when I state that all traders should understand basic mql4, so good on you for trying. The advantages are there.

When all else fails and you have mucked the source up irretrievably either ) re-download the source or 2) press ctrl Z (undo) until you come back to the country on entry into the editor. You'd be amazed to learn how frequently I have to resort to this.

Have fun.

Cheers


ctrl Z is worth remembering. It is a life-saver for me.

Originally Posted by ;

Further to my article about editing the code, here's a reply I sent to a pm a few minutes before, thanking me for the'coding lesson':

[color=Blue]People often hate it when I state that all traders must understand standard mql4, so good on you for trying. The advantages are there.

When all else fails and you've mucked up the source irretrievably either 1) re-download the source or 2) press ctrl Z (undo) till you come back to the country on entry into the editor. You'd be amazed to learn I have to resort to this.

Have...

oh Steve...I am just loving you: p