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Best Renko Bar? - better vs median vs sbs vs wicked
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Best Renko Bar? - better vs median vs sbs vs wicked

  #131 (permalink)
Market Wizard
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rainbowchaser View Post
Thanks Cory. what is a MADA practioner?

it's Monitor Analyze Decision Action

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  #132 (permalink)
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better renko vs logibars mean renko


cory View Post
just this, he wrote a project betterko close indi for the next up bar and down bar but they are hard to see so I bold them a bit.

Do you know how betterrenko compares to the Logibars Mean Renko sold by Indicator Warehouse?

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  #133 (permalink)
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magnumdbl View Post
Do you know how betterrenko compares to the Logibars Mean Renko sold by Indicator Warehouse?

no comparison yet but I think i prefer 'traditional' look

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  #134 (permalink)
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cory View Post
no comparison yet but I think i prefer 'traditional' look

I too prefer the traditional look, however, the most important thing is to make sure you use settings that allow NT to recognize those "true open" values (again, in backtesting).

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  #135 (permalink)
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list od indicators


FrankFX View Post
Hi,

attached is the template file. Is it just that what you are looking for or do you need the whole bunch of indicators?

Let me know if it works out for you



Would you be kind enough to prove a list of indicators you use in your template.
Thank you in advance.

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  #136 (permalink)
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I installed BetterRenko... it seems like Renko based strategies do not work whatsoever in backtesting, however work correctly (generally profitable) in live conditions. Is this to be expected?

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  #137 (permalink)
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patbateman View Post
I installed BetterRenko... it seems like Renko based strategies do not work whatsoever in backtesting, however work correctly (generally profitable) in live conditions. Is this to be expected?

Renko - no - because they are not showing all the price action
Better Renko - perhaps - at least you are getting the tails that show price occurrences

Generally profitable live trading - lot more to it than the bars

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  #138 (permalink)
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rpm123 View Post
Renko - no - because they are not showing all the price action
Better Renko - perhaps - at least you are getting the tails that show price occurrences

Generally profitable live trading - lot more to it than the bars


Okay

Just to clarify, when I said Renko based strategies, I meant backtesting systems designed for Renko. So in other words, a strategy on regular NT& Renko will backtest fine, a strategy on BetterRenko won't backtest correctly with BetterRenko - but it will trade live correctly with BetterRenko. Is there a known issue with backtesting BetterRenko or not (something I'm doing strange)?

Apologies for being a newbie on the Renko charts here in the elite circle...

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  #139 (permalink)
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patbateman View Post
Okay

Just to clarify, when I said Renko based strategies, I meant backtesting systems designed for Renko. So in other words, a strategy on regular NT& Renko will backtest fine, a strategy on BetterRenko won't backtest correctly with BetterRenko - but it will trade live correctly with BetterRenko. Is there a known issue with backtesting BetterRenko or not (something I'm doing strange)?

Apologies for being a newbie on the Renko charts here in the elite circle...

Whenever you use NT's backtesting, Optimizing, etc, NT is not using TICK data which means it is guessing if a fill will occur and what value. It uses only the OCHL data for the historic bar for any of these appraoches. I have seen people say that if you use all Limit Orders, then it works better, still not clear how close that is to reality as it still doesn't know if enough TICKS occurred around the Limit price. I think it is a closer approaximation, but you really need to do Replay or Live Sim trading to be sure.

If you don't care about specific values the Limit order on a BetterRenko chart (your anticipated trade is many times, 10x+, the renko bar size) might give you an indication of performance but not a guarantee.

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Last edited by NJAMC; March 15th, 2012 at 04:44 PM.
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  #140 (permalink)
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NJAMC View Post
Whenever you use NT's backtesting, Optimizing, etc, NT is not using TICK data which means it is guessing if a fill will occur and what value. It uses only the OCHL data for the historic bar for any of these appraoches. I have seen people say that if you use all Limit Orders, then it works better, still not clear how close that is to reality as it still doesn't know if enough TICKS occurred around the Limit price. I think it is a closer approaximation, but you really need to do Replay or Live Sim trading to be sure.

If you don't care about specific values the Limit order on a BetterRenko chart (your anticipated trade is many times, 10x+, the renko bar size) might give you an indication of performance but not a guarantee.

Wow, sounds like NT strat analyzer is garbage. I bought NT last November when I opened a new broker account (in the wake of the Corzine explosion) and haven't used it extensively until around 10 weeks ago. For retail platforms, I've grown to really like it allot, despite the numerous bugs.

Ninja does save historical tick data, perhaps more accurately called semi-tick data. I'm surprised it does not back test on any kind of tick data. It does explain well though why Ninja won't backtest BetterRenko.

I have about 3 weeks worth of market replay data - not exactly a ton.

Thanks for putting up with my noobishness ya'll.

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