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OK, so... I'm still working on my Flex Renko strat and am seriously frustrated. I can get my indicator to paint bracket lines at the right time so I know the signal is working correctly (At least it appears to be visually), But to try to even think about discovering whether or not it's profitable or not is nearly impossible.
So, I thought, perhaps I could have my Flex Renko on data1 and add a second data stream for say a small tick chart (data2). Once the signal generated off of the renko (data1) chart, I want to send entries, exits and or brackets to the tick chart (data2).
Can anyone make any suggestions as to how I do this since it's been years since I've done multidata or is there a guide or page from multicharts or easylanguage/powerlanguage I can easily reference to for guidance.
Thanks for the help.
Can you help answer these questions from other members on NexusFi?
you can only trade on Data1 in Multicharts (or legacy EasyLanguage) for that matter. Your setup would either have to be the other way around or you'd have to send the data to a separate chart where you intend to do the trading.
Another approach (which would be the most complex, but at the same time might giving you the most control) is to internally build the Renko bars within your code out of the one tick chart.
1) what if I flipped them around as you say... F-Renko on #2 and Tick on #1... Generating the signal on #2 and trading on #1... Will that work?
2) When in the FORMAT INSTRUMENT dialog box, on the SETTINGS tab, near the bottom in the DISPLAY section, there is an option to HIDE the instrument. Is it saying that I can hide the F-Renko altogether, yet still calculate everything on that symbol, then trade on the chart that is visible? Please confirm.
3) One last question... so I found a PDF file for easylanguage essentials. On page 90, it was talking about 4 order actions, which I've never seen the 4th before... "THIS BAR ON CLOSE" It said it is generally used for historical backtesting purposes only. and will not generate a market on close order. So what is the point? Can I use it to study profitability while backtesting? If so, perhaps that may be the ticket for investigating the profitability of the RENKO chart since the problem is that using "NEXT BAR MARKET" will always put the entry or exit at the wrong end of the bar.
"THIS BAR ON CLOSE" and that looks like it could very well be my answer to backtesting a renko chart since so far all the entries and exits seem to be right where they're supposed to be.
Even better is that the equity curve still shows it to be a profitable signal.
I would still like it if someone could help me with the following....
1) a good tutorial on multi data indicators and strats...
2) Help me understand what happens when I "HIDE" a symbol as described in my #2 in my last post.
3) Can I do what I proposed... hide a renko as DATA2, generate a signal off of DATA2 then execute them on a tick bar chart DATA1?
1. To some extend, but there can be differences between real time and historical results when you are using non time based bars as additional data streams for your trading logic. To avoid that you can build them internally within the code.
2. Yes.
3. I would suggest testing how different the real time results are to historical results on the same bars for this and for 1.), too.
I am not aware of good tutorials for developing strategies using multiple data streams, but I would suggest starting with the sections in the EasyLanguage Essentials PDF, the MC wiki and browsing forum threads that deal with studies using multiple data streams.
I can get my indicator to paint bracket lines at the right time so I know the signal is working correctly (At least it appears to be visually), But to try to even think about discovering whether or not it's profitable or not is nearly impossible. 
