Hi Just purchased the EA test result are good will see it  in action.    

Is this a problem?

Hi Sergey,

No, thank you! I just wanted to be sure that I should backtest on new bar. I really think new bar is much better, thank you!

The EA use renko-bars. It formed when passing by the price of a given distance. You can test EA in differece modes.

Do you have a set file for 5 digit quote?

Thanks

Use default settings

So far, so good. I am running the EA at minimum lots and pairs to check it out on  a LIVE account.  I use Sergey Deev's other Renko indicators too so I am confident this will not run away from me while I am sleeping.

I am watching the operation of the EA to see the trades it takes and the setups where it does not trade. It is quite picky with strict trading rules.  It is not a two color bars in a row kind of Renko approach.  For a Renko EA to work on AUTO it has to only take the highest probability trades even if you have optimized the box size.

As the Chinese say, "Never test the water with both feet."   This is my little test results after 2.5 days.

Can this EA use in USA brokers that has "FIFO" and "no hedging" restrictions?

Please advise.

Thanks.

I think yes. Set:

• DualOrders=false;
• NumOrders=1;
  

Thanks Sergey,

One question, for "no hedging" rule, we need to turn off "DualOrders".

But for "NumOrders" we can open 2 or more orders at different time as long as they all close at the same time in their opening order to comply "FIFO", can this EA do that?

I downloaded demo and tested with "DualOrders" = off and "NumOrders"=3 and finds the opening orders don't close at the same time, am i correct?

This opening 2 or more orders is to averaging 1st loss trade? can you make this EA close the trades in their opening order?

Please advise.

Thanks.

I have not practiced with FIFO rules. You can recommend me providers for check it to private. I'll do release with new version.

Brokers that follow FIFO and No Hedging rules are:

Oanda & Forex.com

To comply FIFO rule, you can open many buy trades at different times, but you need to close the trades in the order they were opened.

For example, 1st trade 0.1 lot, 2nd trade 0.2 lot, 3rd trade 0.3 lot. You can't close the 3rd trade without close the 1st trade, and 2nd trade.

Please advise.

Thanks.

Hi Sergey,

I just purchased this EA.

Can you please add me into your friend's list so i can communicate better?

Thanks.

I understand you and do it with other version.

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