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Need a simple EA for Renko chart ofline chart
Indicator
Am using RenkoLiveChart v4.13 on 1M - 1W time frame. ( able to modify the renko box size )
1-Renko bar graph in ofline mode and i take trades on it
2 Emas periods ( able to modify the ema periods ) depending on types of trades optional filter
Strategy:
The ea will take action every time a new 'renko brick' has formed, or in other words when a new renko candle would
have normally formed. I am looking for a really skilled developer
Only one position at a time for each instrument.
Parameters needs to be included
Should handle 4 and 5 digits.dd
1. Renko bar size/Reno box size :
---------------------------
Lot size :
Lot Multiplier if the previous trade hits loss :if the trade closes in loss ,the next trade lot size should be
multiplied with “Lot Multiplier” given in the input.If the next trade closes in profit then Lot size should back to
normal size.
Take profit and Stoploss will be next Renko bar (pending on the size 10, 50 pips etc.)
Use MA Cross : True/false :
MA1 - Parameters - 3, Low/High, Simple
MA2 - Parameters - 7, Low/High, Simple
Entry rules:
Buy:
When Renko brick is formed with specific number of bricks. For example, I might need to enter after 2 consecutive
green bricks are formed See attached Pic. usually this is after a downtrend is complete.
If MA is used it is the ma cross as a second confirmation.
Entry taken the moment 3 bar forms
When to close buy options
When the renko candle is bearish (opposit color) And the order is positive
Never close in negative, only if the price reaches stoploss.
Sell:
Pattern needs to be Green Renko bar followed by 2 Red renko bars. Entry taken on 3rd bar .
When to close sell
When the renko candle is bullish, and the order is positive Never close in negative, only if the price reaches
stoploss
Espected parameters
◾Magic Number
◾---------------Entry Conditions------------
◾Lot Size: 0.01
Lot Multiplier : 1.3 Default if 0 then Manual Lot Multiplier will be used
LotMultiplierManual "0.01.0.01.0.02,0.03,0.05,0.06 and so on
.Slippage: 10
◾Use EMA 1:True/False
◾EMA 1 Value:
◾Use EMA 2:True/False
◾EMA 2 Value:
Max trades - 3 (Default) Should check if there are any open trades/orders in the account all trades, and not allow more than the number specified
Daily_Goal : $100 (Default) If the daily goal is not reached it is accumulated for the next day This can be displayed visually on the chart.
◾---------------Exit Conditions------------
◾Use TP : True/False
◾TP: (Number of Bricks/renko Bars)
◾Use SL: True/False
◾SL: (Number of Bricks/renko Bars)
◾Use Trailing Stop: True/False
◾Trialing Stop: (Number of Bricks/renko Bars)
◾Exit on opposite signal: True/False the order should be positive Never close in negative
◾Number of reverse bricks: 1
.Trailing Start:(it is the point from where the Trailing SL should activate on reaching certain pips) no of Boxes
Other parameters
Sound Alert : yes/no Should not be continues rather 1 ring every 5 minutes.
Visual Alert Yes/No Once in five minutes.
Visual Alert should have the Monthly Goal, No of lost trades,