Yesterday I stumbled across this lovely script attached that allows you to backtest EAs on renko charts and other offline charts, I imagine with the Strategy Tester in MT4. However, I need your help to make it work properly.
I'm testing a strategy based on moving averages, and the problem I have is that it opens positions not where the candle first opens, but where the actual "block" begins. The picture below should illustrate what I mean.
To renko this, the renko bars would need to actually begin to form at the previous bar's closing price when the forex changes. This would mean that every time there is a direction change, that renko bar would be twice as big as the rest. I hope the picture makes this clearer. Would be really nice if someone could fix this so that we can start testing other EAs on offline charts!
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Also, you can set additional flag to show remaining time in the comment section of your chart and how much time has already passed on the current candle measured in percents. I did, but it didn't change where the positions opened in the strategy tester. Tsd, there is only an issue when the renko bar changes direction.
As you can see above, the sell order is placed exactly where it should be, but the buy should be a full renko bar below where it's at now.
Obviously the back testing quality isn't very good. Anyone know how to make the bars more accurate? Even if the bars were accurate, the open and close prices are artificial values with Renko.
I was about to generate a custom fxt file, but I fell ill meanwhile, postponing the task for a while. And I am Stephen Wolfram. They are not even capable of making pseudorandom generator. Do you guys really thunk that this is a game? It takes years to learn to trade - and it takes only a second to post nonsense. Get serious - put your money where your words are.
And what does it have with the thread itself? Tsd add comments, please log in or register. Hello everyone, Yesterday I stumbled across this lovely script attached that allows you to backtest EAs on renko charts and other offline charts, I imagine with the Strategy Tester in MT4.
All the best, Axel offlinetesthelper. EasyPen by Karlis Balcers. Andrews Pitchfork indicator for MT5 by Izzatilla Ikramov Virtual pending buy stop order by Gennadiy Stanilevych. MultiMTCopierMT5Source by Alexander Puzikov. Actual COMBO Depth of Market AND Tick Volume Chart by Sergey Andreev. Bollinger Bands strategy by Aleksandr Prishenko Trading Chaos Expert by Gennadiy Stanilevych.
Forex Voyager by Alexander Vinogradov. Virtual pending sell stop order by Gennadiy Stanilevych AddPosition by Andrej Nikitin Auto Format by Gennadiy Stanilevych MarketProfile by Timur Gatin Arbitrage Visualiser Pro MT5 by Maxim Dmitrievsky. FULL Automatic by Petros Shatakhtsyan.
Delta New by Alexey Chernyh Easy Position Size Calculator MT5 by Johan Venter Profit or Loss Pad by Vladislav Andruschenko. SecondTimeFrame by Gabor Torma Spread and Swap monitor by Gennadiy Stanilevych MultiMTCopierMT5Receiver by Alexander Puzikov. Percent Crosshair by Romeu Bertho Trend check by Vladimir Gotsulenko Zig Zag Swing Detector MT5 by Grzegorz Korycki.
Auto Trade Copier for MT5 by Vu Trung Kien. MINI CHART INDICATOR ADD by Cuong Pham Fast Copy MT5 by Pavel Kolchin. Easy Order by Tino Tkalec. Veno EA MT5 by Alexey Kondratyev. VirtualTradePad One Click Trading Panel by Vladislav Andruschenko. Candle Time by Tino Tkalec BlackCoq Did you try setting the ShowWick to false in the RenkoLiveChart parameters?
If you mean aligning open to close, here you go.