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Hello. I'm looging for Renko EA robot.
I saw, that many of You made a simple renko EA for couple of people, so mayby it will be not so dificult to add couple of things.
PICTURE:
1. It is simple strategy. When there is red bars, and show first green bar, we will BUY. After couple od green, when it will be first RED bar, we make a stop loss.
2. This is the same way from point 1, but there will be multiple BUYs after every GREEN bar, till there will be first RED bar. Then we make a stop loss for every order.
3. In 3 picture, there is parameter, that we choose how many BUYs it will be. So we dont buy in every GREEN bar, but we choose 2,3 ... 10. After that, even if there will be more GREEN bars, we dont make an order. Second parameter is TAKE PROFIT. We dont wait till there will be first RED bar, but we decide to make a TAKE PROFIT after X (4,5 .... 15) GREEN bars. Off course, when the RED bar will be first then our TAKE PROFIT, it will stop all orders.
4 and 5. If TAKE PROFIT is active and price go to TAKE PROFIT, we choose that next BUYs will be immediateley from the next GREEN bar (picture 4), or we wait till there will be first RED bar (in this time even if there will be 10 more GREEN bars we dont buy), and after that reset everyhing and we will buy when the first GREEN bar will appear (picture 5).
6 (table). We make simple Moving Avarage and BUYs will be only when price is greater than MA, and SELLS will be only when price is lower than MA.
So parameters is: Renko bar size in points. We can choose how big is lot (start from 0.01). We make a MA parameters.
IN BUYS:
-if how many BUYs is NO, there will be only 1 buy. If YES, we choose how many BUYS it will be
- if TAKE PROFIT is NO, EA stop to buy and close order after first RED bar, if YES we choose how many bars we want to make TAKE PROFIT, counting from first bar. After that we TAKE PROFIT for every open BUY order. If price dont go to TAKE profit, we close every open BUY order, after first RED bar
- if TAKE PROFIT is YES, SWING option is avalible and if swing is NO, after TAKE PROFIT we still BUY, if YES, we close every open BUY order, and wait till there will be first (or more) RED bar, and start buy again when on chart will be first GREEN bar (so we are going to start of EA)
- if BUY ONLY WHEN BIGGER THAN MA is NO, we make orders always, if YES, we make BUY order only when price is greater than MA.
IN SELLS:
- everything the same like in BUYs, but in SELLs way :).
EA will have magicnumber, that i can trade in couple of pairs in the same time (pairs and index like: DAX, US500 ...). It could be testing in strategy tester (couple of EA, dindt work correctly in strategy tester).
