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Hello, I am looking for an modification of the attached renko EA to be made for the METATRADER 5 platform.
The current EA has a 3 MA filter logic based on an Simple, Exponetial, Liner-weighted, Liner regression, volume weighted.
All 3 MA's can be turned on/off whith the following filter settings:
Filter Mode:
OFF
ON for entry
ON for exit
ON for entry & exit
So what i want different in this EA is that it uses the MA's from the Slope Direction line indicator. instead of the MA's mentioned above.
so now the filter logic would be based on the slope direction of the choosen MA's instead of the open signal confirmation bars and close signal confirmation bars like you see in this screenshot. https://prnt.sc/20hj0zj
The expert advisor would create buy and sell orders based on the change of the chosen slope direction lines and the exit. attached is the slope direction line indicator. In order to prevent repainting, it would not execute a trade until the candle has closed in the appropriate color. Trades would be closed out and a new trade would open in the opposite direction at the change of the color.
This expert advisor is based on the renko indicator from AZ-INVEST (Artur Zas) see link here:https://www.az-invest.eu/ultimate-renko-indicator-generator-for-metatrader-5 it makes sense to have some basic understanding
on how their Renko charts work on the overlayed 1 min chart. they have a free trial that you can install with their free SDK.
The parameters should be the exact same as the attached example EA but with two extra parameters like max drawdown protection and the ability to set Martingale. i have the code for this that i can send you per PM.
The last requierement is that this EA also should work on regular candles.
Thanks in advance.
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