EA for RENKO

MQL5 Experts

Specification

You are a professional MQL5 developer.

Build a MetaTrader 5 Expert Advisor based strictly on Renko brick logic.

=====================
RENKO ENGINE
=====================
- Custom Renko calculation (no MT5 offline charts)
- Brick size = user input (points)
- Brick direction:
  +1 = bullish
  -1 = bearish
- Use ONLY closed Renko bricks
- No repainting
- Single Renko engine used for trading + visuals

=====================
ENTRY RULES
=====================
- BUY when last two closed bricks are bullish (+1, +1)
- SELL when last two closed bricks are bearish (-1, -1)

=====================
EXIT RULES (IMPORTANT)
=====================
- Exit BUY when ONE bearish brick appears (last brick = -1)
- Exit SELL when ONE bullish brick appears (last brick = +1)

=====================
TRADE RULES
=====================
- One position at a time
- Execute logic only on new Renko brick close
- No duplicate trades per brick

=====================
VISUAL REQUIREMENTS
=====================

A) RENKO BRICKS DISPLAY
- EA must visually draw Renko bricks 
- Input to choose display mode:
  1. Overlay on main chart
  2. Draw in separate indicator window
- Brick colors, borders, and size configurable
- Bricks must match trading logic exactly

B) INFO DASHBOARD
- Input to choose dashboard location:
  1. Main chart
  2. Separate window
- Dashboard must show:
  - Symbol
  - Brick size
  - Last and previous brick direction
  - Current trade state (BUY / SELL / NONE)
  - Entry price
  - Floating PnL
  - Total closed PnL


- Update dashboard only on new Renko brick


C) TRADE MARKERS
- BUY arrow on entry brick
- SELL arrow on entry brick
- EXIT marker on exit brick

=====================
RISK MANAGEMENT
=====================
- Fixed lot size input
=====================
CODE QUALITY
=====================
- Modular structure
- Clean, commented MQL5
- Works on all symbols and timeframes
- No repainting behavior

Deliver full .mq5 source code with explanation.

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Project information

Budget
30+ USD
Deadline
to 10 day(s)

Customer

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