I would install a Indicator as one filter in my EA.

Hi

I have one EA (for MT4) robot for fully automatic trades. This works in Renko chart!

For better score, I would install the Volatility  Indicator as one filter in my Renko EA. This filter should be set via external variables. As other External variables in my existing EA

And if it is not too complicated, I would insert also a pyramiding of positions and a using First Take Profit.

Some explanations to Volatility Indicator and to pyramiding of positions . Have a screenshot attached.

1-Install a Indiaktor as a filter

The filter indicator it’s the Volatility  Indikator.

However, the indicator should not working direktly in Rankochart.

The indicator gets the signals from the normal chart. So directly from timeframe M1, M5, M15 etc.

Trade should be opened only if the color in the indicator is true and when a Value (level line) in indicator is exceeded.

Trade opening only when the indicator exceeds the level line.

Buy Order only by green line in the indicator. Sell order only by red line in the indicator.

2 - the pyramiding of positions

Prefer the possibility of installing pyramiding. If trade is in positive, open additional position.

Pyramiding possible only with the beginning of new Brick. Pyramiding but only if the value of the Volatility Indicator is greater at the start of the new Brick as was at the beginning of the old brick. If the value is less than or equal to no increase in the position. I do not know how many decimal works the indicator. But the decisive is the painted line from the Indicator . If this horizontally, no pyramiding Trading. Green falling line, not Buy pyramiding. Red rising line, No Sell pyramiding.

How often a new position can be set, will be given by external variables

Thank you. Best regards.