An expert advisor based on custom renko indicators.

Hi everyone,

I want an EA that can trade automaticaly on a renko custom indicator that i link to this message.

It's very simple to understand:

Lot:

variable but by default 0.01.

---Buy at green closed brick with a take profit 10 pips and stoploss 20 pips,

so robot will buy at all 10 pips green brick formed.

---Sell at red closed brick with TP 10 pips and SL 20 pips also,

so robot will sell at all 10 pips red brick formed.

For example:

If i lose from a buy order, i lose 20 pips until the next brick become red and then robot put a sell order. (same if i lose from a sell order)

Just follow the color brick by brick.

The renko indicator have a white brick color to spot gaps, if a gap occurs then close the current trade and robot will wait for a new closed colored (Red or Green) brick.

And here comes the Money Management:

For example, green brick close so robot buy, TP at 10 pips SL at 20 pips, next brick is a green brick so TP is activated and a new buy is set.

then red brick so -20 pips

then green brick so -20 pips

(losing 4$ with a standart lol of 0.01)

then green brick so + 10 pips

after this winning brick, the robot will put a trade lot of 0.04

then green brick so +10 pips and recover my losing trades.

(0.4 cents X 10 pips = 4$)

after that robot keep following the color with a size lot of 0.01,

also if there is no losing trades to recover, the lot stay at 0.01.

Another simple example:

Winning is represented by a + sign and losing by a - sign.

1-

1-

1-

1+

3- (The 3 losing trades 1- 1- 1-) but 3 here is a losing trade so lot size returns to 0.01 until next winning.)

1-

1-

1+

8- (All the losing trades -1+-1+-1+-3+-1+-1=-8) 8 is also a losing trade so next trade returns to 0.01 lot.)

1+

16+ (All losing trades are recovered here) return to base lot 0.01.)

I hope it's well explained.

I'm not a Dev but i think the money management condition would be like this:

"if win and profit<basebet
then
nextbet=(profit*-1)+(basebet*2) 
else
nextbet=basebet
end"

Thanks in advance for all programmers.

Have a nice day.

Linked with this order message:

The indicator and the include files (.mqh) that i want that ea fits.