CodeBaseSections
Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
to pocket
Experts

GDS Renko Donchian Demo EA - expert for MetaTrader 5

Andrey Goida
Andrey Goida

Andrey Goida

3 (12)
MT5 developer focused on XAUUSD, Renko tools, and structured trading systems.
Building practical indicators, panels, and research-driven solutions for traders who value clarity, logic, and disciplined execution.
29 products 6 codes 1 topic 5 comments
Views:
87
Published:
Download as ZIP How to download code from MetaEditor
MQL5 Freelance Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

GDS Renko Donchian Demo EA


GDS Renko Donchian Demo EA2

How it works

- Classic fixed-size Renko is built internally from BID ticks.
- Reversals use the classic two-brick rule.
- The Donchian channel is calculated from the previous N completed Renko bricks.
- The current brick is excluded from the channel calculation, avoiding look-ahead.
- A bullish Renko brick closing above the previous Donchian high can trigger BUY.
- A bearish Renko brick closing below the previous Donchian low can trigger SELL.
- Positions close by TP, SL, opposite Donchian breakout, or maximum holding time.
- A short Renko cooldown can be used after an exit.
- One position per symbol.
- No external indicators, DLLs, custom symbols or offline Renko charts are required.

The EA is intended as an educational / Strategy Tester example. Public default parameters and a historical test example will be added only after a real-tick verification run.

TrueCostReport TrueCostReport

Cost is the one input to a trading system that is knowable exactly, and it is almost always estimated wrongly - always in the direction that flatters the strategy. This EA measures what one round trip really costs on YOUR broker: the live spread sampled from ticks, the swap for both sides including the triple-charge day, and the commission read from your own deals. Most spread figures come from the bar's "spread" field, because that is the easy one to reach. It is a per-bar summary, not the quote at any instant. Measured on XAUUSD: 20 points live across 60 readings against a bar-field median of 6. A factor of 3.3. So a filter set to "skip if spread > 15" never fires - it lets through exactly the moments it exists to block. Swap is the half most custom simulators do not charge at all. It is asymmetric, one side pays while the other collects, and one weekday counts three times. Read-only: it never opens, closes or modifies a position.

SuperTrend TV EA SuperTrend TV EA

An Expert Advisor that trades the SuperTrend TV indicator through iCustom on closed bars only, shipped with the audit that proves every trade matches a signal and no signal was missed

Prop Firm Rule Checker Prop Firm Rule Checker

Checks your trade history against common prop-firm challenge rules — profit target, max daily loss, max drawdown, consistency rule, and minimum trading days — with a clear PASS/FAIL report.

Correlation-Aware Lot Size Calculator Correlation-Aware Lot Size Calculator

Sizes your next trade based on the correlated risk you already have open across other positions — not just the trade in isolation.