https://github.com/9nix6/Median-and-Turbo-Renko-indicator-bundle
https://www.mql5.com/en/market/product/16347#
https://azinvest.freshdesk.com/support/solutions/articles/1000270678-creating-an-ea-for-utlimate-renko-charts-purchased-from-the-mql5-market
EA will operate on Renko chart, based on several factors:
- ADX value above 25 to enter trade
- for entry conditions: trend compatible (based on higher highs, lower lows + 3 moving averages), ParabolicSAR indicator signal + DTOSC
compatible signal appeared
- all those entry conditions can be enabled/disabled in settings of EA (if all enabled, it's working like "AND" so all enabled conditions
needs to be met in order to enter trade)
- exit trade when DTOSC and/or ParabolicSAR send reverse signal in comparison to currently opened position
- trailing stop moved within each new Renko brick feature - that StopLoss is placed just behind last ParabolicSAR dot
- option to set size of opened position by EA
- EA is sending notification about placed and closed trades (push notifications to mobile)
- EA is managing position, taking into account horizontal lines drawn on the chart (breakouts, bounce back) & Pivots (being
calculated and displayed on chart within Renko indicator)
- EA knows some specific market moves and trades them (f.e. breakout resistance line, retest it from top and after retest open Buy/Long
position when other signals appear as well)
More details will be shared later (like specific market moves, respect of support/resistance line etc.) after selecting developer and
signing NDA (as details of strategy will be shared).
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