How to backtest Renko? - Page 2
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Thread: How to backtest Renko?

  1. #11
    Quote Originally Posted by ;
    you can use also Google'Renko MT4 Michal' to spot it
    I've found your site with Google.

    One more thing I wish to know before make a purchase, can I use your Renko script with LFH Trading Simulator 3.0 EA on egy tester?

    Honestly, I start this thread since I want do Renko manual backtesting on LFH Trading Simulator but do not know how to take action.

    For me, LFH Trading Simulator is a great tool for reviewing PA and indiors behaviour particularly when the market closed.

    That's why I must make sure that your Renko script may operate easily with with LFH Trading Simulator 3.0 on egy tester.

    Please information.

  2. #12
    Quote Originally Posted by ;
    I've found your site with Google.

    One more thing I wish to understand before make a purchase, can I use your Renko script with LFH Trading Simulator 3.0 EA on egy tester?

    Frankly , I start this thread because I want do Renko manual backtesting on LFH Trading Simulator but don't know how to do it.

    For me, LFH Trading Simulator is a great tool for reviewing PA and indiors behavior particularly when the market closed.

    That's the reason why I must make sure your Renko script can operate smoothly with with LFH Trading Simulator 3.0 on egy tester.

    Please...
    Yes, I've just tested it with the LFH trading simulator and it runs smoothly. Note however, that when you generate Renkos:
    1. Use standard time frame, e.g. 5min
    2. Enable wicks screen to cover the whole price range movements.

  3. #13
    I began backtesting, but it is useless when you cannot simulate the wicks, as with version 1.6 of the script.

    Query about backtesting with wicks:
    Can it be possible only with the industrial script?

  4. #14
    Quote Originally Posted by ;
    I began backtesting, but it is useless when you cannot simulate the wicks, as with version 1.6 of the script.

    Question about backtesting with wicks:
    Can it be feasible only with the commercial script?
    I don't know if any free Renko script may do wicks.

    But I have been buy the commercial script and it works flawlessly for backtesting.

    If you use Renko, I would suggest to buy the commercial script.

    The price is somewhat high but worth it.


    Question for ur:

    Do you know how to replie Renko backtesting with 90% Modelling Quality?

    I attempted to set Max Bars in Background and Max Bars in Charts to 2147483647 but the Modelling Quality still N/A along with also the Mismatched Charts Errors can not have 0 value

    Please advice.

    Thank you.

  5. #15
    Thanks, wieb.
    I looked in the code of RenkoLiveChart 3.2, and decided to try and implement the wicks also in the script version 1.6.
    It seems to work right.
    I put version nr 1.7 to your new version with wicks.
    https://www.forexforum.co.za/attachm...191450777558.7

  6. #16
    Quote Originally Posted by ;
    Query for ur:

    Do you know how to reproduce Renko backtesting with 90% Nominal Quality?

    I tried to set Max Bars in Background and Max Bars in Charts to 2147483647 however, the Modelling Quality nevertheless N/A and also the Mismatched Charts Errors can't have 0 value

    Please guie.

    Thank you.
    The mismatches which are given are from volume fatigue. I don't know what is an algorithm that metatrder backtester utilizes for exhibiting these mismatches. Therefore I don't know today how to force metatrader to reveal beter modelling quality. When I consider it I wouldn't worry about this. The reason is that kind definition all renko bars are made from 1 minute bars and backtesting goes down to 1 minutes. There are no other time frames. Therefore when you neglect the volume mismatches it's possible to presume that the modeling quality is 90%, as most of ticks are finished from 1 minute, which is after all the thing that the number is showing.

  7. #17
    Quote Originally Posted by ;
    The mismatches that are given are out of quantity fatigue. I don't know what is an algorithm which metatrder backtester uses for exhibiting these mismatches. So I don't know now how to induce metatrader to show beter modelling quality. However, when I consider it I wouldn't be concerned about this whatsoever. The reason is that sort definition all renko bars are manufactured from 1 minute bars and backtesting goes down always to 1 minute. There aren't any other time frames included in this. So if you neglect the quantity mismatches it's possible to presume that the modeling...
    I try everything to reduce Mismatched Charts Errors but its still has mistakes.

    The mismatches isn't merely on volume, low and high value too unmatched.

    Perhaps for this, the backtest has too good to be true result.

    I think, maybe the forward evaluation is the only means to test Renko EA.

    Please advice ur.


  8. #18
    Quote Originally Posted by ;
    I try everything to reduce Mismatched Charts Errors but its still has mistakes.

    The mismatches isn't only on volume, high and low value too unmatched.

    Maybe for this, the backtest has too good to be true outcome.

    I believe, possibly the forwards evaluation is the only means to test Renko EA.

    Please information ur.
    Forward test is always way to go even when backtest has 90% modeling caliber. And then, after forward testing on demo I'd advise to forwards test it on real mini account. This give probably different results than demo forward testing.

  9. #19
    ur...

    Please have a look on join picture, do you know why strange Renko bar appear?

    It utilize the industrial script to make 5 and 10 pip Renko bar


  10. #20
    Quote Originally Posted by ;
    : Time is not the problem on Renko/range pubs. It only goes according to price just on predefined measures and appear on a chart so. The 1M chart is simply used to get information to the EA/indior and then create a offline chart so you may trade with that rather than frequent 1M,5M,15M.. .charts. .
    OK, maybe you misunderstand me, or that I misunderstand the point you're making.

    I am very familiar with Range Bars, offline charts, and how to get them in MT4, in fact just gave some courses now here

    https://www.forexforum.co.za/cryptoc...-code-plz.html

    and

    https://www.forexforum.co.za/broker-...el-broker.html

    My question, can word this simple, once the EA/indior is employed to exactly what I call the foundation chart, and it is normally 1 Minute --

    How critical is it that the 1 Minute, foundation chart time frame is not changed to 5 minutes, or 15 minutes?

    I had been under the impression that the latest EA/indior from NIX enabled that chart to be changed and was wondering why the website did not make mention of the -- I would think it is a feature well worth mentioning.

    That's all

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