All orders
Rules
Specification
I want an EA which opens a buy order when renko chart indicates a bullish brick and opens a sell trade when it shows bearish brick.
we will decide the size of box in EA.
trades will be closed on appearance of opposite signal i.e. buy trade will be closed when a new bearish brick will appear and get closed and this buy trade will be closed and another sell trade will be opened on the open of next Bearish brick.
there is one more condition which I want to have in this EA.
For example, we opened a buy trade with 1 lot and this trade is closed in loss on opposite sell signal. The next sell trade which will open on this new signal will be opened with a lot increment size. For example we choose 0.5 lot increment every time, so now the sell signal will be opened with 1.5 lot.
And if this sell signal is also closed in loss. next buy trade will be opened with 2 lot. and again if this goes in loss, the next sell trade will be opened with 2.5 lot.
now at some point , the trade will be closed with profit. For example , the last sell trade with 2.5 lot is closed in profit. AT this moment , EA should calculate all losses in all previous trades starting from the first buy trade which was of 1 lot. If this profit trade has covered all those losses of previous trades, the next trade will again start with a new cycle of new trade with 1 lot only. Another condition can be like , the last sell trade of 2.5 lots is closed in profit but it has not covered the losses in the previous trades. so in this case, EA will close the sell trade of 2.5 lots in profit and open a buy trade of 2.5 lots .( Here the important point is this - since the previous sell trade of 2.5 lots is closed in profit, this time there will be no lot increment in the next buy trade and it will be opened with 2.5 lots only) Now we will wait for this buy trade of 2.5 lots to get closed in profit, and if this time it covers all previous losses , the next trade will be opened with a new cylce of 1 lot only. IF this buy trade is again not covered the losses but closed in profit, the next sell trade will be opened with 2.5 lots (Lot increment will not be there as previous buy trade is closed in profit). So this cycle will keep on going until the previous losses will be covered. EA will judge the covering of previous losses only at the closing of a running trade which means when opposite signal or exit signal for the running trade is appeared.
When losses will be covered, it will open the next new trade again with 1 lot only and if this closes in profit, next trade will be opened with 1 lot only.
Lot increment will start working only when a trade is closed in loss , so that we can cover the losses.
I have 1 renko indicator, I am attaching here. Just check if it is working finely. If this renko indicator is not working , then you have to arrange one good renko indicator yourself.
If you have any very good renko chart genrating indicator, you can make this EA using that indicator also, But you will give me that indicator also with this EA.
Some more features are needed.
Overall profit in a day- This feature will be there in the EA which can be enabled or disabled. We will mention pips or points. If at any point of time in the day, The EA reaches to that level of profit which we have mentioned, It will put a stop loss at that point to secure our overall profit of the day. and after that it will not close the running trade, it will manage the running trade by using jumping stop loss. we will mention the points in EA for Jumping stop loss, so like we want the stop loss to jump every 10 pips after 20 pips distance, so it will keep jumping at 10 pips with a distance of 10 pips until the trade is closed by stop loss.
I hope u understand that after securing overall target of the day by a stop loss, the trade if moves 20 pips in positive direction, the jumping stop loss will shift to 10 pips and it keeps trailing with every 10 pips further movement in positive direction until the trade will be closed by hitting stop loss. after this trade, since EA has achieved the overall target of the day and may be even more than that due to jumping stop loss, the EA will not take any more trades for this day.
Please tell me the time and budget needed for this EA,
Thanks and good luck.