Non-gap Renko Chart Creator EA

Why non-gap Renko charts?
In commonplace Renko charts there's a hole of brick dimension between open of the reverse brick and the shut of the earlier brick. This Renko creator EA creates a non-gap model of Renko charts. The non-gap model reconstruct the historical past extra precisely than commonplace Renko charts, the place it's of nice significance for backtesting the EAs. For that reason, I personally want the sort of constructing Renko charts, and right here I share my Renko creator EA with the group.

Hooked up Picture (click on to enlarge)

Hooked up Picture (click on to enlarge)

The right way to run it:
1. Obtain MathTrader7_RenkoChartCreatorEA.ex4 from the attachments and duplicate it into your Consultants folder.
2. Allow Enable DLL import in Instruments>Choices>Professional Advisors tab.
3. Refresh your MT4 platform's navigator window (or restart MT4).
4. Open a M1 chart (for instance, EURUSD, M1) and fasten the EA to the chart.
5. Look ahead to the EA to transform the historical past information of M1 bars into Renko bricks.
6. From File menu, choose Open Offline and select the image with the chosen Renko time-frame (for our instance, it's EURUSD, M2 chart).
Now you may connect an EA to the opened Renko chart.

The right way to obtain M1 historical past information:
Technique 1:
So as to create Renko charts with as a lot as potential bars, you could obtain historical past information. A technique to take action is as follows:
1. Hit <F2> key to convey up Historical past Middle window.
2. Choose the image (for instance, EURUSD).
3. Click on on <Obtain> button.
4. Repeat 1 to 3 for all symbols you wish to load historical past information.

Technique 2 (Automated methodology):
For an automatic script to load historical past information, see Submit 71.
Obtain the script from Submit 71, and put it into your MT4's Scripts folder. Then open a chart (any timeframe) of your required image and fasten the script to the chart. Then wait till script fetches all obtainable historical past information out of your brokers server.

The right way to backtest?
Within the following hyperlink there's a methodology of backtesing Renko EAs:
http://www.forexfactory.com/showthread.php?t=572375
NOTE: I don't use above methodology to backtest my Renko EAs. I've my very own approach of doing so.

Thread Guidelines:
1. On this thread we talk about solely the Non-gap Renko Chart Creator EA introduced right here. I'll IGNORE anybody who writes any irrelevant publish on this thread.
2. TBD. 

*** Single-Image Renko Chart Creator EA ***

--- Replace 2018-08-20 ------
Model 1.62 launched. Bug fixes.

Hooked up File

 MathTrader7_RenkoChartCreatorEA.ex4   65 KB | 432 downloads | Uploaded Aug 20, 2018 1:40pm

*** Multi-Image Renko Chart Creator EA (Experimental) ***

This model is an try to create Renko charts for a couple of Image with working the Renko Creator EA solely on one chart. This works finest for Renko brick sizes of larger than 50 factors (5pips). You need to be aware that with multi-symbol model you could face a excessive cpu utilization.

--- Replace 2018-08-20 ------
Model 1.50 launched. Bug fixes.

Hooked up File

 MathTrader7_RenkoMultiChartCreatorEA.ex4   83 KB | 188 downloads | Uploaded Aug 20, 2018 1:40pm