Renkobased EA doing two types of chart pattern trades

MQL4 Experts

Job finished

Execution time 12 days
Feedback from customer
Great developer, accurate, fast and professional.
Feedback from employee
Clear specification, helpful screenshots. It was my pleasure to work with Kjell.

Specification

This EA is based on renko bars and chart patterns.

There are two types of trades this EA can make:

1) Double top/bottom:

The renko bar paints and reverses at the same price level as before (horizontal line), for this trade to be valid there must be a valid gap between the two tops or bottoms.
If the renko bar gap between the two points are too wide or narrow then it won't trade

2) Fibo retracement:

If the renko bars paint an unbroken line of bullish or bearish renko bars and a pullback occurs before a continuation bar - then open trade.
This is similiar to the 1-2-3 pattern and flag pattern, confirmed by fibonacci level. Open trade if the initial push and reversal are within a fibonacci retracement level.

Inputs:

--Settings--
Magic number 111
Lots 0.1 (default)
Autolot 0 (0=not in use, 0.5=0.5 lot per 10000 USD, 1=1 lot per 10000 USD balance etc.)
Slippage 3 (default pips)
--Order info--
SL bars 3 (amount of renko boxes in loss before closing order)
Exit bars 2 (amount of renko boxes in opposite direction before closing order, if in profit)
TP bars 0 (0 = not in use, how many bars in profit before closing order)
Use new SL true (if false=don't use)
Open order profit 8 (if open order reaches this profit level move SL)
Move SL 4 (move SL by this amount of renko bars)
--Double top/bottom--
Trade double top/bottom true
Double top/bottom gap from 3 (at least 3 renko box distance between tops/bottoms)
Double top/bottom gap to 21 (no more than 21 renko box distance between tops/bottoms)
Time filter false
Trade from 00:00
Trade to 00:00
--Fibonacci continuation--
Trade fibonacci retracement true
Minimum length of first leg 5 (5 renko boxes)
Trade 23.6% level true (continuation trade after pullback to this level)
Trade 38.2% level true (continuation trade after pullback to this level)
Trade 50% level true (continuation trade after pullback to this level)
Trade 61.8% level true (continuation trade after pullback to this level)
Trade 78.6% level true (continuation trade after pullback to this level)
Pullback accuracy 5 (+/- pips from retracement level)
Time filter false
Trade from 00:00
Trade to 00:00



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Project information

Budget
60 - 100 USD
For the developer
54 - 90 USD
Deadline
from 5 to 10 day(s)