Renko Trading on Joint Account
Results 1 to 6 of 6

Thread: Renko Trading on Joint Account

  1. #1
    Nornesnduka29
    Guest
    Hello all

    I'm currently in the middle of setting up a live joint account with a trading partner. Our trading plan utilises the usage of renko bricks (pip size 7) to generate signals. Unfortunately, although we are using the same broker and same account, our renko EA seems to be generating signals at several times since our renko bricks are made differently. I am not certain why this is occuring, but it may be due to:

    1. Differing internet feeds or rates
    2. Discrepancies with the Renko EA

    Has anybody else ever experienced this issue? I will look into using a Renko indior or script with my trading partner to see if that rectifies the issue. I am after are renko bricks that are made simultaneously and accurately on our joint account.

    Any comments would be greatly appreciated.

    Many thanks,
    Kirk.

  2. #2
    Your basic plan is unsound. You can't assume you're both getting the exact same tick flow and your clocks aren't going to be exactly lined up. Since Renko cubes aren't time dependent the clock issue probably does not matter (unless your entrance algorithm is time dependent).

    What br0ker are you using? Bucket shops say right up front that they may offer various bids and asks for different customers. An ECN br0ker won't do that. You trade off the best bid/ask based on actual orders.

    I also don't understand what trading out of the exact same account does for you.

  3. #3
    NresndoSx
    Guest
    Is not the ticks, nor time, nor brokers etc.. .
    The free renko EA most traders utilize start building the bars the moment you attache it to charts.... From the latest price to the past.

    Lets say you utilize 10 renko pubs.... If the EA start working whenever the price is 1.2525.... Then all the bars will be finishing with 5... but if you start when the price is 1.2523... then all bars will finish with 3. (recall the illuion is 10 pips bars)

    If you want same bars in various platforms. . .you must start them at the exact same time.... It could be a slight tick gap but not much. . .or utilize same business renko I do. I use it mainly to build backtest renko pubs... but it has an offset function to set the renko as I wish. Example if I need my 10 pips bars to be 1.2010, 1.2020 1.2030 etc.. I put the counter to. and thats it. So, is quite simple to have same pub formation in as many mt4 you want.

    I pay some usd 30 a few years back. . A piece of software that is woth the money if you plan to do a lot with renko.

    J.
    .

    PS... actually. . I have not utilize the free version for a very long time... maybe it does have that purpose now.

  4. #4
    jesuCoesbesd
    Guest
    Quote Originally Posted by ;
    Hello all

    I'm currently in the middle of setting up a live joint account with a trading partner. Our trading egy utilises the usage of renko bricks (pip size 7) to generate signals. Unfortunately, although we're using the identical broker and identical account, our renko EA appears to be generating signals at different times because our renko bricks are created differently. I am not certain why this is occuring, but it may be due to:

    1. Differing web feeds or rates
    2. Discrepancies with the Renko EA

    Has anyone else experienced this issue? ...
    I never tried that, but giving just a notion, which might do the job. You might try to change the RenkoBoxOffset parameter (default is zero) in RenkoLiveChart EA until renko charts look exactly the same on both your and your buddy's MT4.

  5. #5
    SurChesrSy123
    Guest
    Quote Originally Posted by ;
    Hello all

    I am currently in the midst of setting up a live joint account with a trading partner. Our trading egy utilises the use of renko bricks (pip size 7) to generate signals. Unfortunately, although we're currently using the same broker and account, since our renko bricks are made 31, our renko EA appears to be generating signs at different times. I am not certain why this is occuring, but it could possibly be due to:

    1. Differing internet feeds or rates
    2. Discrepancies with the Renko EA

    Has anyone else experienced this situation? ...
    As jeuro said the starting price can impact the drawing right from the beginning. You can synchronize this into a round starting number and just make sure it remains at a multiple / offset of the standard starting value.

    Additionally the logic of creating the cubes can have an impact. If you are utilizing 7 pip Renko, does the code logic create a new block if just 7*2 pips (for reversal) have happened, even if there may be a small price leap in the feed such that the 14 pips did not occur (price went 13 pips and jumped to 15 pips). In this case you need to work out exactly the logic of these renko bars.

    In case Renko synchronization is your main target then you are going to need to be certain that the code is written from this viewpoint. So a regular starting point is a must. Additionally, the code should take these gap scenarios to account in the data and draw the pub to exactly the 7 pips length. You'll have to note that you may not be able to exchange on all the prices shown on the Renko but at least your blocks will be standardized.

    And things like distinct ticks in 2 terminals (even in the exact same br0ker) can impact how the Renkos draw at the short term but not much time. I'm not certain if there is a simple answer for unique ticks though. You could overlook a block conclusion on one of the brokers but if you draw your cubes in a standardized manner, it will just be a one time bar which should re-synchronize if a new pub is drawn.

  6. #6
    Nornesnduka29
    Guest
    Bump... :-)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.