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    I am having problems with renko indicator, help?

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    • G
      Gustavo Rosso last edited by

      Hello, I would like to create an EA that would effect buying or selling through the formation of a renko chart, but the renko indicator graphic that I found in MQL5 does not work in EA. Someone would have a good renko indicator or would know why it does not issue the order, I think the FxDreema does not understand the indicator.

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        miro1360 last edited by

        it depends how is this indicator made, it create objects or fill buffers for indicating renko candles?

        Between trading and gambling is a very small gap, be careful.

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          Gustavo Rosso @miro1360 last edited by Gustavo Rosso

          I do not understand much, this is the file 0_1482356365306_renko.mq5

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            miro1360 last edited by

            there are 5 buffers,
            BoxOpenBuffer
            BoxHighBuffer;
            BoxLowBuffer
            BoxCloseBuffer
            BoxColors

            use them in fxdreema in condition block like:
            BoxOpenBuffer[1] < BoxCloseBuffer[1] .... output is Bull candle1
            BoxOpenBuffer[1] > BoxCloseBuffer[1] .... output is Bear candle1

            but yes, it must not working 😄

            Between trading and gambling is a very small gap, be careful.

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              Gustavo Rosso @miro1360 last edited by

              @miro1360, Why will not it work ??? ??? :s I wanted it when a bull renko appeared and he bought it and when a bear renko appeared he would close the operation.

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              • fxDreema
                fxDreema last edited by

                I didn't tried it, but it looks that this indicator is not one of these who produce offline renko charts. In this case it remains just regular custom indicator. The reads the output buffers of the indicator... whatever they contain. I always recommend to try Trace to see what is in the buffers: https://fxdreema.com/demo/mt4-trace-multiple

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                  miro1360 last edited by

                  it is slowly indicator, but I think it is working:
                  https://fxdreema.com/shared/UW3N1Hcld
                  ... for faster testing you need something else and I dont know if there is something for MT5

                  Between trading and gambling is a very small gap, be careful.

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                  • G
                    Gustavo Rosso @fxDreema last edited by Gustavo Rosso

                    @fxDreema, Yes, it does not produce a chart renko offline it works as an indicator, but I can not put it to work, my idea is simple. When a bull bar BUY appears, then on the first bear bar SELL to zero position.

                    0_1482360645065_RENKO.jpg

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                      miro1360 last edited by

                      I dont know reply to your question because of way how indicator is made, hard to tell if it can work in real conditions for EA ... but you can stay with offline charts in MT4 and wait when MT5 will support this charts ... metaquotes told last summer they made support for offline charts, summer is over and support is not, so maybe next summer

                      Between trading and gambling is a very small gap, be careful.

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                      • G
                        Gustavo Rosso @miro1360 last edited by

                        @miro1360, Okay thanks for your attention so far. Do you have any renko that works for metatrder 5?

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                          miro1360 last edited by

                          saddly, I have nothing tried for MT5 ... but you can and if you find something, tell us here about 🙂

                          Between trading and gambling is a very small gap, be careful.

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                          • G
                            Gustavo Rosso @miro1360 last edited by

                            @miro1360, Thank you for your help! 😉

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