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  #22 (permalink)

Elite Member
Trading Experience: Advanced
Platform: NinjaTrader, TS, MetaTrader
Posts: 5 since Nov 2009
Thanks: 1 given, 16 received

Hi Dreamliner,

I can say the LogikRenko isn't available for MT4, only NT.

Separate from that, there are two important pieces to get accurate backtest results.

1. You need the wicks.
2. The renko bar cannot plot reversal bricks in the traditional method. Meaning, when a brick changes from green to red, the opening price of the red bar should be at the prior green bars closing price. If the red opening price is at the prior green open price (traditional), the back test engine will likely get fooled and use this price, even thought the market doesn't truly move in that manner.

So, no matter which renko you use for MT4, make sure this is the case if you want accurate results.

Just some food for thought.

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