Renko Price EA

The Renko Price EA is a expert adviser system that works similar to the Renko chart, measuring in volume instead of time. Its main objective is to place orders in the direction of price, for example if price is moving up and the TP is set to 30pips then soon as it goes up 30 pips in profit it should close the open order and reopen a new order in the following direction. If the trend changes and the SL is hit then it needs to open a order in the direction of the SL for another 30pips and continue in that direction until the trend changes again.

The setting are simple you will have a Daily Percentage Profit box that you will tell it what percentage gains you want it to make for the day. It needs to have a Time Filter Box so I can set it to turn on at a given time in the day and I need to be able to turn the Time Filter on and off if needed. It needs a TP and SL, a Brake Even Settings, a Trail Settings, it needs a Martin Gale setting that will double the lot size after every loss that it encounters until it makes a profit then going back to the mean set lot size, and it needs Money Management Setting that will work off of account balance to Lot size ratio. For example in the money management box location if I put $3000 to 1.00 Lot and I have $12,000 in the trading account it needs to open a trade up at 4 Lots.

To open up a trade it will need to look back from when the EA is turned on and count back the same amount of pips that the TP is and go in that direction. For example if the TP is set for 30Pips then the ea needs to look back 30pips up and down to find the last 30pip direction, if price is $1.25000 and 30pips back is $1.24700 then it should open up a buy order, if price is $1.25000 and 30pips back is $1.25300 then it should open up a sell order.