Renko Patterns Expert Advisor with 11 parameters for MetaTrader 5

Buy command:

1. After K Renko “UP” bars, look for “Buy” opportunity

2. If there is one bar down, set ”Buy stop”  command  (use the SLRenko and the TPRenko)

If there are 2 bar downs , close the previous buy command and open a new buy command.

as far as there are less-equal then “Mback” bars down close the previous stop buy command and open a new one/

     if there are more than Mback down bars , close the “buy stop” command and we’re no longer in buy opportunity mode.

3. If there command is still pending after Twait , cancel the command

4. Close the order after “Expired“ seconds time

Same for "Sell" commands

Parameters:

1.  K -- successive renko bars in the same direction

1. Having K successive renko bars is our indication to look for retracment.

2. Twait -- In seconds, amount of second to wait till canceling “Buy Stop” or “Sell Stop” 

command.

example: Twait == 20,  If a buy stop command was ordered at 10:00:00 and the command is still pending at 10:00:20, cancel the buy stop command

 Twait == 301,  If a buy stop command was ordered at 10:05:01 and the command is still pending at 10:00:20, cancel the buy stop command

3. TPRenko-  Take profit after TPRenko- renko bars. If TPRenko==3.5 , set the take profit after 3.5 renko bars.

4. SLRenko - For “Buy Stop” Command , put the SL SLRenko renko bars below.

5. Expired - In seconds, after how many seconds the position should be closed

1. For instance, if Expired == 55, and a buy stop command becomes activated at 10:00:00 , the position should be closed at 10:00:55

6. TrailStart -- Start Trail after “TrailStart“ baby pips -

1.  if TrailStartl== 0 , no trailing 

7. FromTime: Every day Trade only between FromTime - ToTime

8. ToTime:

9. Mback -- integer, if we’re looking for buy opportunity, after how many downs bar -- we’re no longer looking for buy opprtunity.

10. FixCommandSize -- integer, if command size is 1000, the trade should risk 1000 $/Euro… and the LOT should be calculated based on FixCommandSize and the SL 

If MoneyManagement  is greater than zero, ignore FixCommandSize  parameter

11. MoneyManagement - Default 1 percent, if MoneyManagement > 0.0 the LOT size should be calculated based on the SL and the ratio of MoneyManagement relative to the account size.

Assumption: K > Mback

Expert Advisor Panel: A Panel that exposes the following parameters :

ActivateBuy -- If not checked, don’t open buy commands.

ActivateSell -- If not checked don’t open sell commands.

K -- The panel let us override the K parameter

Twait -- the panel let us overwrite the parameter

Mback  - 

MoneyManagement  -