Renko AutoTrading System

MQL4 Göstergeler Uzmanlar

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Thanks for good job and respect!!!
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This developer is very quick, he makes amendments very efficiently. I am quite demanding and he delivered to my expectations. I recommend him

Şartname

I am looking for an expert advisor to buy or sell based on a simple Renko strategy. I would like the MQL4 file. I normally use my own developer to build all my systems, but he is not available at the moment, so I need someone else to do this one please.

 

If no orders are open, then it buys when two bullish bricks form after a bearish brick. The trade will close when the next opposite brick forms.

If no orders are open, then it sells when two bearish bricks form after a bullish brick. The trade will close when the next opposite brick forms.


The easiest way to show the logic is with this chart here:

Renko Conditions


Trade 1 - Buy on the open of third brick, because we have had two bullish bricks follow a bearish brick. This trade closes on opposite brick for a win of 10 points.

Trade 2 - Sell on the open of the third brick, because we have had two bearish bricks follow a bullish brick. This trade closes on opposite brick for a win of 0 points.

Trade 3 - Buy, but the trade went against us, close on reverse brick -10 points

Trade 4 - Sell, close on reverse for +10 points

Trade 5 - Sell again, because there was a bullish brick previously, then two bearish bricks. Close on reverse brick for +70 points

Trade 6 - Buy, whipsawed, closed out for -20 points

Trade 7 - Sell, close on reverse for +20 points 

Trades 8-18 were whipsaw trades, but the EA would open them regardless.


The indicator that I am using to create the renko chart, is attached to this description.


EA inputs required:

Lot Size

Slippage

Magic Number

Trailing stop

Number of bricks for trailing stop

Choose times to trade between

   

Dosyalar:

EX4
Renko_Mod.ex4
27.1 Kb

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