Create an EA based on renko charts

MQL4 Experts

Specification

I want an EA which opens a buy order when renko chart indicates a bullish brick and opens a sell trade when it shows bearish brick.

we will decide the size of box in EA.

trades will be closed on appearance of opposite signal i.e. buy trade will be closed when a new bearish brick will appear and get closed and this buy trade will be closed and another sell trade will be opened on the open of next Bearish brick.


there is one more condition which I want to have in this EA.

For example, we opened a buy trade with 1 lot and this trade is closed in loss on opposite sell signal. The next sell  trade which will open on this new signal will be opened with a lot increment size. For example we choose 0.5 lot increment every time, so now the sell signal will be opened with 1.5 lot.

And if this sell signal is also closed in loss. next buy trade will be opened with 2 lot. and again if this goes in loss, the next sell trade will be opened with 2.5 lot.

now at some point , the trade will be closed with profit. For example , the last sell trade with 2.5 lot is closed in profit. AT this moment , EA should calculate all losses in all previous trades starting from the first buy trade which was of 1 lot. If this profit trade has covered all those losses of previous trades, the next trade will again start with a new cycle of new trade with 1 lot only. Another condition can be like ,  the last sell trade of 2.5 lots is closed in profit but it has not covered the losses in the previous trades. so in this case, EA will close the sell trade of 2.5 lots in profit and open a buy trade of 2.5 lots .( Here the important point is this - since the previous sell trade of 2.5 lots is closed in profit, this time there will be no lot increment in the next buy trade and it will be opened with 2.5 lots only) Now we will wait for this buy trade of 2.5 lots to get closed in profit, and if this time it covers all previous losses , the next trade will be opened with a new cylce of 1 lot only. IF this buy trade is again not covered the losses but closed in profit, the next sell trade will be opened with 2.5 lots (Lot increment will not be there as previous buy trade is closed in profit). So this cycle will keep on going until the previous losses will be covered. EA will judge the covering of previous losses only at the closing of a running trade which means when opposite signal or exit signal for the running trade is appeared.


When losses will be covered, it will open the next new trade again with 1 lot only and if this closes in profit, next trade will be opened with 1 lot only.

Lot increment will start working only when a trade is closed in loss , so that we can cover the losses.

I have 1 renko indicator, I am attaching here. Just check if it is working finely. If this renko indicator is not working , then you have to arrange one good renko indicator yourself.

If you have any very good renko chart genrating indicator, you can make this EA using that indicator also, But you will give me that indicator also with this EA.

Some more features are needed.

Overall profit in a day- This feature will be there in the EA which can be enabled or disabled. We will mention pips or points. If at any point of time in the day, The EA reaches to that level of profit which we have mentioned, It will put a stop loss at that point to secure our overall profit of the day. and after that it will not close the running trade, it will manage the running trade by using jumping stop loss. we will mention the points in EA for Jumping stop loss, so like we want the stop loss to jump every 10 pips after 20 pips distance, so it will keep jumping at 10 pips with a distance of 10 pips until the trade is closed by stop loss.

I hope u understand that after securing overall target of the day by a stop loss, the trade if moves 20 pips in positive direction, the jumping stop loss will shift to 10 pips and it keeps trailing with every 10 pips further movement in positive direction until the trade will be closed by hitting stop loss. after this trade, since EA has achieved the overall target of the day and may be even more than that due to jumping stop loss, the EA will not take any more trades for this day.

Please tell me the time and budget needed for this EA,

Thanks and good luck.


Responded

1
Developer 1
Rating
(221)
Projects
369
66%
Arbitration
10
50% / 0%
Overdue
46
12%
Free
2
Developer 2
Rating
(258)
Projects
395
28%
Arbitration
69
19% / 49%
Overdue
120
30%
Free
3
Developer 3
Rating
(356)
Projects
632
26%
Arbitration
89
73% / 13%
Overdue
12
2%
Free
4
Developer 4
Rating
(5)
Projects
5
20%
Arbitration
2
0% / 100%
Overdue
1
20%
Free
5
Developer 5
Rating
(16)
Projects
21
19%
Arbitration
7
0% / 71%
Overdue
14
67%
Free
6
Developer 6
Rating
(17)
Projects
24
33%
Arbitration
5
20% / 40%
Overdue
8
33%
Free
7
Developer 7
Rating
(45)
Projects
59
42%
Arbitration
5
0% / 60%
Overdue
12
20%
Free
8
Developer 8
Rating
(586)
Projects
1048
49%
Arbitration
39
28% / 41%
Overdue
49
5%
Free
9
Developer 9
Rating
(4)
Projects
6
0%
Arbitration
2
0% / 50%
Overdue
4
67%
Free
Similar orders
Need to convert Thinkorswim strategies, indicators, or custom scripts to NinjaTrader. Offering seamless migration and functionality optimization to ensure your trading systems perform effectively on NinjaTrader. Fast delivery and reliable service
Hello The EA will work on particular zone choose by the user and can mark it on any TF and with some rules can open trades and mange the trade by some unique rules. the EA need to check the difference by RSI as well and with some extra rules . developer should have good attitude and good communication (englsih) with high performence and knowledge with coding EA
I would like to know if you can turn this indicator to ninjatrader and also help us backtest with 3/4 MNQ entries to find a good strategy and an automated strategy with the indicator. script/WhBzgfDu-Machine- Learning-Lorentzian- Classification/ 1. Convert the Machine Learning Lorentzian Classification indicator to NinjaTrader. 2. Backtest the indicator using: - 4 MNQ contracts per trade - Entry signals from the
the ea will be devellope by my dev , a dashboard that sumerise strategy property's and gives a lot of value on how the different magic are performing etc etc please do not apply as i only gonna take my own develloper for that project
Formal Software Request Software Title: High-Performance Automated Trading System Requestor: 80485848 Date: 19 August 2024 1. Introduction We seek a sophisticated automated trading system capable of executing trades across Forex, Gold, and Cryptocurrency markets. The primary objective is to achieve a high win rate while operating autonomously. 2. Core Requirements Win Rate: The system must demonstrate a
Bling Ultimate Sniper Robot Rules the robot should have - 1. Automatic stop loss, take profit and the stop loss should trail with an approach to Tp. 2. Always risk 10% of my account on every trade, with a 1:5 risk reward ratio. 3. The bot should have Mobile, IOS and Mac and Laptop versions. 4. The bot should trade indexes such XAU/USD, GBP/USD, US TECH (Nasdaq), EUR/USD, US30, BTC/USD and GBP/USD. 5. This is robot
Pinescript to MQL5 100 - 200 USD
READ IT URGENT, i need to complete this job in 1-2 day so APPLY it only if can do it, if some requirement is not clear tell me, im here, please be careful, i need this in 1-2 days, if you are not sure, not apply it, i dont want leave BAD FEEDBACKS please
Create hedging grid EA with my own logic. Add a Moving Avarage Filter. 2 engine with same logic. Sl TP by $ amount. Add Profit loss Dashboard Virtual all trade close Button
Hi There, my name is Jordan and I’m based in Australia. I’m looking to get an EA developed through freelance work and I’ve outlined some rough details of the intended EA, which is a similar concept to an existing EA by Andrii Hurin called “Time Range Sweep EA”. There are quite a lot of similarities to the reference EA and these include: · Trade on any market and instrument or on several pairs at the same time
Hello, Looking to create an arbitrage EA for MT5. The EA will run on two local MT5 instances (ex. 2 different accounts) and keep track of a certain pair price every 10 seconds. The EA will send data from instance #1 to instance #2 and vice versa. The EA will execute trades on the two accounts if a set of conditions are met. Apply if you have the experience and knowledge

Project information

Budget
30 USD
For the developer
27 - 27 USD
Deadline
to 1 day(s)