All orders
Rules
Specification
Buy command:
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After K Renko “UP” bars, look for “Buy” opportunity
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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.
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If there command is still pending after Twait , cancel the command
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Close the order after “Expired“ seconds time
Same for "Sell" commands
Parameters:
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K -- successive renko bars in the same direction
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Having K successive renko bars is our indication to look for retracment.
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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
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TPRenko- Take profit after TPRenko- renko bars. If TPRenko==3.5 , set the take profit after 3.5 renko bars.
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SLRenko - For “Buy Stop” Command , put the SL SLRenko renko bars below.
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Expired - In seconds, after how many seconds the position should be closed
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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
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TrailStart -- Start Trail after “TrailStart“ baby pips -
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if TrailStartl== 0 , no trailing
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FromTime: Every day Trade only between FromTime - ToTime
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ToTime:
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Mback -- integer, if we’re looking for buy opportunity, after how many downs bar -- we’re no longer looking for buy opprtunity.
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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
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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 -