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I need to develope an expert advisor for renko charts.

MQL4 Experts Forex Trading robot/indicator debugging

Job finished

Execution time 11 days

Specification

The strategy is a combination of renko chart and two indicators.

-Renko Chart 5pip box

-Hull Moving Avarage

-Renko nmc indicator 20 pip box size

Buy conditions:

Open a buy position if the price close a bullish renko box above the hull moving avarage and the renko nmc is bullish as well.


Sell conditions:

Open a sell position if the price close a beraish renko box belove the hull moving avarage and the renko nmc is bearish as well.


When not to enter to avoid flat market:

If the hull moving avarage is inside or touch the nmc renko box indicator, the ea do not open any position.


Money managment:

The lot size has to be variable, every position has to be opened with a 15pip stop lose, the stoploss has to be moved to break even when the position is 15pip in profit, then the stop has to be trailed every 5 pip more.




Files:

PNG
renko_nmc.PNG
56.1 Kb

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Project information

Budget
50+ USD