Still, I think that setting the slippage to 10 ticks gives an accurate and robust enough backtest. The EA opens a long order at the top of green bars and a short order at the bottom of red bars, but this backtest doesn't do that. Likewise, one long order is opened, all short orders are closed. In this backtest, when one short order is opened, all long orders are closed. After adding this script to a renko chart, change the 'pyramidding' setting (in the settings tab) to a really large number, like 100, in order to simulate the EA accurately.ģ. This is necessary to do as Tradingview can only simulate a maximum of 3000 orders at a time.Ģ. You can change the backtest date at the last two lines of this script. Run the strategy tester and test the expert advisor. In the parameters tab, define a period of new chart, so that this is a standard timeframe (e.g. Put a Renko/Range script on a one minute chart. When using this backtest, keep in mind a few things.ġ. Only one minute charts, copied in the second step, will be available. I don't have the author's source code, but by looking at how the EA ran, it was very easy to see how it worked. 0 for this RSI Divergence Indicator - Price Chart - MQL4 and MetaTrader 4 - MQL4 programming forum. With the Renko chart indicator, the trader only sees a new bar forming if the price fluctuations meet or surpass the trader's set bar limit. I made this backtest myself to see how the EA would perform. Free Metatrader 4 Expert advisor For MT4 or Mt5. A Renko Chart Indicator is very different from a regular MT4 Chart since it only shows you how much price has moved as against the standard MT4 chart that always gives you a new bar as time passes.

This code is a custom made backtest for a Metatrader 4 EA that is being sold by another person at this link.

How to test renko ea in mt4