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Specifiche
Since I am not familiar with the various Renko indicators in mt4, I’d like to create one that is most similar to the way Tradingview handles its renko charts. It will allow you to set Renko brick size and based on the timeframe will only print/finalize bricks when that timeframe is complete. So if on the 1 minute chart, 3 renko bricks may show in the first 30 seconds, but at the end of the minute it may only print 1 if the bricks/price have gone down. If will also show Wicks to show when price moves against the previously formed brick and then returns in that direction. This is critical for the strategy but I have not found a Renko indicator on mt4 that does it the TradingView way. The EA will simply create buy or sell orders based on renko brick changes with the option of selecting how many bricks into the change before entry, ie 1 brick change, wait for 2 bricks, 3 etc. The stop loss and take profit should be entered based on pips. Options for money management will need to be available such as lot size, $ value of 1 brick, and EA turn off options such as “stop EA after $ amount won/lost, amount of bricks won/lost” to protect account balance
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