Trading renko
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So I've been making EAs to trade renko lately. They work fine on renko charts that are receiving live ticks with the normal entry of the open of new candle after checking previous candles for indicator signals. But I want to backtest and normally people say don't bother. But I have an idea that could fix one of the big issues with renko and backtests. Basically buy/sell based on the close price of the previous bar rather than the open price of the new bar. Normally that would be the same price but not on reversal bars on renko backtest. I'll try to figure out a way hopefully but I'm not totally sure how to do it. I mean normally it just automatically enters at the open price of the new bar. Any ideas how this could be done? The trick is it still has to enter on the open of the new candle because you still got to wait for the indicator signal after the previous bar closes. In renko there are reversal bars which in hindsight on a backtest shift the open price one full brick (so makes it not accurate) and if you enter based on close price then it would be a more accurate backtest as the open price (unless major slippage) is pretty much the same as the close price of previous bar.
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@kizerage212 You can certainly set your blocks to consider previous candle close, but you will never be able to get those prices until the open of the next candle. Not because of fxDreema's 'fault'. Just because the EA never know when a candle is closed before a new one is created. That's a visual artifact created for us humans on charts.
