EA based on Renko Chart

MQL5 Indicators Experts

Specification

I look for a robot strategy for MT5 based on a Renko chart, under the following conditions to entries on Long or Short trades to be applied on FUTURE index:

 

The Renko must be formed on real time price (tick's) for each Brick, not based on normal chart with time 1 Minute after candles.

 

An example to how I need the Renko is here:  www.theforexguy.com/renko-charts-explained

 

Enter LONG when (with different variables from SHORT strategy):

 

1 - Renko close is higher than [X] previous renko "candles" (X to be a user defined variable); and

2 - Renko close is higher than indicator "Long Safe Zone Stop" indicator with user defined variables; and

–  Renko  is higher than SMA [Z,Y] (Simple Moving Average calculated based on bricks close price of Zperiods, defined by user); the SMA may have an off-set of [Y] periods, Y to be user defined variable as well.

4- The variables for long  entry may be different from those on the short entry set-up.

 

 

SHORT when (with different variables from LONG strategy):

 

1 - Renko close is lower than [X] previous renko "candles" (X to be a user defined variable); and

2 - Renko close is lower than indicator "Short Safe Zone Stop" indicator; and

3 - Renko  is lower than SMA [Z,Y] (Simple Moving Average calculated based on bricks close price of Zperiods, defined by user); the SMA may have an off-set of [Y] periods, Y to be user defined variable as well.

4- The variables for short entry may be different from those on the long entry set-up.

 

==========================================================================

 

Exit LONG (SELL AT MARKET):

1- Renko close is lower than [W] previous renko "bricks" (W to be a user defined variable);

 

Exit SHORT (BUY AT MARKET):

1- Renko close is higher than [A] previous renko "bricks" (A to be a user defined variable);

 

==========================================================================

==========================================================================

 

- The EA (robot) will be capable to automaticly send to my Broker the orders for Long and Short sides, without overlap (only one entry per direction);

- The SMA added at Renko Chart will be based on renko bricks close price (the Renko Chart movement);

- The SafeZone Indicator added at Renko Chart will based on renko bricks close price (the Renko Chart movement);

- Add at Control Panel the Entries Direction: Long/Short or just Long or just Short;

- Add at Control Panel a user input to define the time to trade during the day: start time and end time of the day for operation (i.e, the period of time in the day that the robot is allowed to operate. For instance, start 9:15., finish 16:30);

- Add at Control Panel the Indicators “Setup” – SMA / Safe Zone for Long Entries;

- Add at Control Panel the Indicators “Setup” – SMA / Safe Zone for Short Entries;




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Project information

Budget
250- USD
Deadline
to 10 day(s)