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I am in need of someone to create an EA based on Renko Bars, with the following rules:
1. Auto Trade: EA will place market orders when set to ‘true.’ When set to false, EA will
not place market orders.
Note:
auto trade must have threshold value to prevent over-trading. In other words, a specified price can be inputted by user. When that price is
hit, no further trades will be placed until that
price is changed. Kind of like a take profit but more advanced.
2. Manual Trade: user places trades manually and rules 4, 5, and 6 will only apply.
Manual Trade may be deactivated if set to false.
Note: both auto trading and manual trading
can work together if both Auto Trade and Manual Trade are set to true.
3. Open Trade: market order will be placed when Renko bar closes above or below
previous bar (depending on the direction user is trading in as defined by the EA).
This implies settings will be included to
have EA Only do Short Trades or Long Trades or Both. User decides.
4. Close Trade: trade will close when Renko bar closes above or below previous bar
(opposite to the direction user is trading in).
5. Lot Size
6. Break Even: must have break even at pip amount and break even pip amount. If set to
zero, break even will not be active.
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