Specification
⚙ Renko EA Entry Logic (Simplified & Professional)
🔹 Buy Entry
EA opens a Buy when Fast MA crosses above Slow MA, signaling an uptrend.
🔹 Sell Entry
EA opens a Sell when Fast MA crosses below Slow MA, signaling a downtrend.
🔹 Close on Next Entry (if enabled)
- If CloseOnNextEntry = true:
• Closes opposite trade before opening a new one
• Ensures only one active trade at a time
🔹 Trend Filter (if enabled)
- EA confirms overall trend using a two MA’s crossover (TrendFastMA vs TrendSlowMA)
• Only Buys if trend is up
• Only Sells if trend is down
• Opened trades should be closed in Opposite signal (as per Close on Entry) but not opened against trend
🔹 Spread Filter (if enabled)
- If current spread is higher than MaxAllowedSpread than EA waits and place the entry immediately when spread comes within range and signal is still valid
🔹 Trading Hours Filter (if enabled)
- Inputs: StartHour, EndHour
- EA trades only between defined hours
- Active trade may continue after hours and follow only exit logic
🔹 Skipped Entry Recovery
If a valid entry is missed (e.g., due to high volatility), EA remembers it and places the trade as soon as conditions are still valid and no new crossover has happened.
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Project information
Budget
36+ USD
Deadline
from 1 to 2 day(s)
Customer
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