Renko strategy for multi instrument and multi timeframe

1. Strategy Logic

• Trading strategy is based on Renko bricks.

• Use Supertrend and EMA indicators for trade signals (SOMETIME ANYONE )

Buy Condition:

• Supertrend indicates Buy

• Price is above EMA (e.g., EMA 50)

Sell Condition:

• Supertrend indicates Sell

• Price is below EMA (e.g., EMA 50)

2. Renko Settings

• Brick Type: Fixed

• Brick Size:  points (adjustable)

• Should support generation on tick data or 1-second timeframe 

3. Indicators Used

• Supertrend:

  • Period: adjustable

  • Multiplier: adjustable

  • Adjustable inputs

• EMA:

  • Period: 50

  • Adjustable inputs

4. Entry & Exit Rules

• Entry:

  • Long: When Buy condition is met

  • Short: When Sell condition is met

• Exit:

  • Stop Loss:  Ex.60 points (adjustable)

  • Take Profit: Ex.100 points (adjustable)

  • Trailing Stop: Ex.50 points (adjustable)

• Reversal Trades: Optionally enable position reversal on signal flip

5. Risk Management

• Lot Size: Fixed at 1 standard lot (adjustable)

• Support for fixed lot or risk-based lot sizing (optional)

• Optional: Max trades per day, max drawdown control

6. Instrument and Timeframe Support

• Should work on all instruments (Crypto, Forex, Indices, etc.)

• Compatible with Demo, Live, and Strategy Tester modes in MT5

• Strategy should be executable on tick data or multi timeframe

7. Alerts and Notifications (Optional)

• On-screen alerts for trade signals

• Option for email/push notifications

• Log all actions in Experts tab and Journal

8. Optional Features

• Visual Panel on chart:

  • Show current trend/direction

  • Show last trade PnL

  • Start/Stop button for algo

9. Testing & Deployment

• Fully testable in MT5 Strategy Tester

• Compatible with Live and Demo accounts

• Should handle errors and reconnection properly

Notes

• All parameters (brick size, SL, TP, Supertrend, EMA) should be externally adjustable.

• The code should be optimized for performance and stability.

• Developer should provide source code (.mq5 file) and compiled version (.ex5).