Yes, I knew it but since their USDLFX chart is created using the "incorrect" formula and I wanted to reproduce the same, I didn't use the "correct" formula. I may add it as an option to the next version. Thanks! Matt

USDLFX Offline Chart Creator EA

Yes, that is correct!

Renko Trading Discussion

I haven't seen this behavior, but I try to reproduce it. It could be a glitch, and if so, I will publish a new fixed version.

Non-gap Renko Chart Creator EA

Please note that these models are based on one cycle (for example, one day). Simply put, for every cycle (a day) there would be three possible outcomes described by the three models above.

Simple Mean Reversion

Great! If the positions have been fully closed, then it means that the lot size was set to 0.01 (the minimum lot size that your broker allows). This is automatic, you don't need to set anything in the expert advisor's input settings.

Renko Trading Discussion

Delete MathTrader7_RenkoChartCreatorEA.ex4, download the latest version from Post 1, copy it to the Expert's folder, restart your MT4 platform, and try again.

Non-gap Renko Chart Creator EA

Hi Alberto, Fixed percentage risk has not been implemented yet. I will release a new version with this feature enabled. For a forward testing I recommend 5 and 10 pips Renko charts. I am not running a forward test, but the user Redbaron81 has ...

Renko Trading Discussion

What is the size of Renko bricks?

Non-gap Renko Chart Creator EA

Hi Alberto, I do believe that my non-gap Renko chart builder is the best to use for both backtesting and live trading. /Matt

Non-gap Renko Chart Creator EA

Thanks! My VPS computational resources are fully loaded with my scalping system. I attached your TE to this thread, hope you are fine with it. @RedBaron81: I think with 5 pips Renko, it would be more profitable if you use TP ...

Renko Trading Discussion

Hi Redbaron81, Thanks for doing a forward test of the EA! Please report the results. Regarding your question, the EA closes half of the position at TP level, and moves SL to BE. When the lot size in the input settings is 0.05, the half of it becomes ...

Renko Trading Discussion

What you are suggesting is the standard Renko. My non-gap Renko builder uses another concept. You can read Post 1 to find out why I do not use standard Renko charts.

Non-gap Renko Chart Creator EA

Hi Alberto! I think I didn't understand what you are suggesting. Could you come up with some illustration? Best, Matt

Non-gap Renko Chart Creator EA

Hi Sameshima, No, the indicator has been integrated into the EA source code. I don't know what you mean by output, but if you want to change some default settings, I would be able to help you. Best, Matt

Renko Trading Discussion

Hi Hercs, I don't know which EA you are referring to, but if your EA is a Renko trader, you can post it in "Renko Trading Discussion" thread under "Trading Discussion" forum. Best, Matt

Non-gap Renko Chart Creator EA

It is based on a modified version of RSI (which I call it Meta RSI) indicator. When Meta RSI value crosses over the middle band, we buy, when it crosses down the middle band, we sell. The EA closes half position at first TP level and moves SL to BE. ...

Renko Trading Discussion

This is an experimental version, there could be bugs in the code that result in blowing up an account.

Renko Trading Discussion

This is the first version of a new Renko trader EA which is based on an extension to the RSI indicator. I call this EA "Renko Meta RSI". You can download the EA from Post 1.

Renko Trading Discussion

Hi Martin, In MT4, if two candles have the same time labels there could be a gap in the chart. This happens when there is a price jump (in a very short time) more than the Renko brick size. If you would like to have the same results as in the ...

Non-gap Renko Chart Creator EA

Hi stubish! Without any forward test, I could say that it wouldn't be profitable with a TP = 1-brick. I recommend you to forward test the EA with the input settings I uploaded in Post 264. Best, Matt

Renko Bounce Trade