Multicurrency scalper trading by renko bars. Renko bars are simulated inside the EA allowing for high-quality optimization. Orders are opened in the direction of the last simulated bar.
The EA strategy is based on simulating renko bars for defining a trend and its duration. The signal is then sorted by filters.
Advisor works only on the MetaTrader 5 hedge accounts!
- Trade Order Type - type of trading orders
- Market Orders - Market
- Pendings Orders- pending orders stop and limit
- Pendings Stop - only stop order deletion by StopDeleteDistance
- OnlyLimit- only limit orders
- OnlyStop - only stop orders
- StopDistance - distance for placing a stop order
- StopDeleteDistanc - distance at which to delete a stop order
- TimeExpiration -Time live pendings orders (seconds) 240 seconds minimum
- DistanceStop -Distance from price to pendings orders(Stop)
- DistanceLimit -Distance from price to pendings orders(Limit)
- RenkoBarType-renko bar simulation algorithm RenkoClassik\ Renko ATR
- RenkoBarSize - renko candle size (10-1000).
- Maximum positions count - the maximum number of positions opened at a time.
- Count bars wait before open position - the number of renko bars that must be formed before opening a position. For example: if set to 2, then 2 bullish or bearish bars must be formed before other entry conditions are checked.
- Lot - trading lot.
- enable risk management - enable/disable risk management.
- risk in percentage of the account - risk value for management.
- Stoploss - stop loss (20-750).
- Takeprofit - take profit (20-750).
- MagicBuy - magic number for buying.
- MagicSell - magic number for selling.
- Close on profit(total) - close all trades in case of a total profit (in deposit currency).
- Close on profit(Buy) - close in case of a profit at all buy positions (in deposit currency).
- Close on profit(Sell) - close in case of a profit at all sell positions (in deposit currency).
- Close on loss(total) - close in case of a loss at all positions (in deposit currency).
- Close on loss(Buy) - close in case of a loss at all buy positions (in deposit currency).
- Close on loss(Sell) - close in case of a loss at all sell positions (in deposit currency).
- Step between positions - step between open positions: approximate value from 20 to 200.
- UseTrailing - enable/disable trailing of profit.
- Start trailing on profit - value in the deposit currency to start trailing profit.
- Step trailing on profit - trailing step in the deposit currency.
- CloseOnRevers - close all positions when an opposite renko candle appears.
- Traiding start time - trading start hour (0-23).
- Traiding end time - trading end hour (0-23).
- Moving average parameters (fast МА)
- UseMa - apply МА filter.
- MaPeriod - МА period: approximate value from 1 to 100.
- MaPrice - MA parameters.
- MaMethod - moving average type.
- MaShift - МА shift.
- MaStep - МА step.
- CloseOnMa - close all positions if a renko candle crosses МА.
- Moving average1 parameters (slow МА)
- UseMa1 - apply МА filter.
- MaPeriod1 - МА period: approximate value from 102 to 260.
- MaPrice1 - MA parameters.
- MaMethod1 - moving average type.
- MaShift1 - МА shift.
- MaStep1 - МА step.
Attention! The value of MA1 must be greater than MA.
- Filter parameters relative to Heiken Ashi indicator
- UseHaFilter - enable/disable the Heiken Ashi filter.
- ShowHa - display/hide Heiken Ashi.
- Filter parameters relative to Parabolic SAR indicator
- UseSarFilter - enable/disable the Parabolic SAR filter.
- SarStep - Parabolic SAR indicator value (0.01-1).
- SarMaximum - Parabolic SAR indicator value (0.01-1).
- Time Outs and Targets Settings parameters
- usetimeout - close positions by Time Outs and Targets Settings.
- timeout1 - time interval for closing a position (1-300).
- target1 - target value for closing a position by timeout (from -25 to 25). The value may be negative to close unprofitable positions.
- timeout13 - time interval for closing a position (1-300).
- target13 - target value for closing a position by timeout (from -25 to 25). The value may be negative to close unprofitable positions.
Chart timeframe to attach the EA: m1. Any currency pair. Default setting EURUSD
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Added new feature tracking stop order Pending stop order
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