Expert Advisor / trading robot needed based on Renko charts

MQL5 Asesores Expertos

Trabajo finalizado

Plazo de ejecución 12 días

Tarea técnica

I am looking for a developer to build a trend following trading system in MQL5 based on Renko charts. It will be a pretty easy system I think with a general trend direction that I will label manually and then the robot will open and close positions in that general trend direction using Renko bars. Variables will be the general trend direction, the size of the Renko bars, the time frame to create the Renko bar and lot size. The EA should provide the possibility to define these values manually.


Definition of mechanical trading system

  1. The idea of the trading system is to follow trends within a first to define higher trend while eliminating as much noise as possible by using Renko charts on a lower time frame. The system will be played on Forex majors, common indices and crypto.

  2. The higher trend will be defined manually by analysing a number of charts after which I will decide if there is a trend worth trading and the direction of that trend. Therefore, the trend direction should be a value that can be entered manually in the EA. Choices are: uptrend, downtrend and no trend, in which case no positions will be taken.

  3. The lower trend is defined with Renko bars that must be set to a specific number of pips/points. Also, the number of pips/points should be a value that can be set manually in the EA and can be different depending on the asset that is being traded. Obviously, when trading Forex a smaller number will be entered than in the case of the Nasdaq100 or bitcoin. In addition, the Renko bars will be built per time frame. The time frame must also be a variable that can be set manually. If the time frame is 5 minutes, the robot should calculate every 5 minutes if one or more Renko bars need to be plotted on the chart. Then, if a trend change has occurred and if a position must be opened or closed.

  4. Trading signals will be given when the Renko changes trend. If we have no position and the higher trend is up, every Renko bar change from down to up will generate a buy signal. When we are long and new bars up are plotted, no actions will be taken. When the Renko turns down, the long position will be closed. The same principle applies in a downtrend. If the main trend is defined as down, then every Renko bar trend change down must be traded until the Renko bar trend turns up and the position is closed. All orders are market orders and should be given immediately after the Renko trend change has occurred. 

  5. For illustration I have attached a screenshot of a weekly bitcoin chart (). I am very bullish on bitcoin. So, only long signals are taken. At the end of each week new Renko bars are plotted on the chart and positions can be opened, closed or maintained. I have indicated the signals by drawing vertical dotted lines. Green for opening a position and red for closing it. As you can see positions are opened and closed immediately at the time of the creation of the last bar to be plotted for that week.

  6. By principle the robot will keep trading 24/5 or 24/7 in the defined direction until I stop the robot by selecting: No Trend. In that case, any running position must be closed at market. When I change the main trend direction from up to down, or down to up, again a running position should be closed at market. That is, if there is an open position.

  7. With respect to money management, the robot will start trading small amounts. If any increase or compounding seems responsible, then I'll change the values manually per asset traded.

  8. Regarding error handling: software, Internet or connection failures, basically anything that stops the robot from working properly. In those cases I require advice from the developer how to handle these situations sensibly.


Han respondido

1
Desarrollador 1
Evaluación
Proyectos
0
0%
Arbitraje
0
Caducado
0
Libre
2
Desarrollador 2
Evaluación
(563)
Proyectos
932
47%
Arbitraje
302
59% / 25%
Caducado
124
13%
Ocupado
3
Desarrollador 3
Evaluación
(48)
Proyectos
80
28%
Arbitraje
8
75% / 13%
Caducado
41
51%
Libre
4
Desarrollador 4
Evaluación
(12)
Proyectos
14
29%
Arbitraje
2
0% / 0%
Caducado
0
Libre
5
Desarrollador 5
Evaluación
(258)
Proyectos
419
38%
Arbitraje
86
44% / 19%
Caducado
70
17%
Ocupado
Solicitudes similares
1> EMA 12 crossing up EMA 24 buys lots (once per bar close) and when EMA 12 crossing down EMA 24 close the trade (as per bar close) and same time open a new sell trade (vice versa). 2> EMA 12 crossing down EMA 24 buys lots (once per bar close) and when EMA 12 crossing up EMA 24 close the trade (once per bar close) and same time open a new buy trade (vice versa). 3> Both EMA input can be change (ex. 12, 24, 50
want to create a EA 1- break out candle ( T F customized) and customized SL TP 2- breakout fib zone 3- supertrend and candle stick patterns 4 Heikein Ashi and Renko charts
**Project Title:** Development of a Complex High-Performance EA for Step Index **Project Overview:** I need an advanced Expert Advisor (EA) for trading the Step Index on MetaTrader 5. The EA should use multiple indicators and advanced risk management techniques to enhance profitability and manage risks effectively. **Trading Strategy Details:** Indicators: - 50-period EMA - 200-period EMA - RSI with 14 periods - MACD
NEED IT WITHIN ONE HOUR Adding a counter for open trades. When closed counter gets to 0 and starts runs till the input again. Also a option to just let it run once a day or for the whole day non stops My past developer wasn't able to get the close function end of the day working. The function works as follow: MONDAY TUESDAY etc.... TRUE OR FALSE When trades have been opened on MONDAY TRUE it lets them run on TUESDAY
My needs I need powerful robots to avoid losses as well as a business strategy or whether it is buying or selling in the market or any strategy that exists in the business sector
Need a dashboard, which can monitor up to 30 selected pairs in selected time frames. It monitors AO, MACD and stochastic. In the cells of dashboard, if AO is positive in the relevant symbol/tf, it writes "UP". When one of AO is above 0 level AND Stochastic is in OS zone it writes "UPUP". When AO is above 0 and when stochastics is oversold minimum of two times,it will alert UPU2 if AO is negative below 0 in the
Fx Kidds 80 - 120 USD
Can l have a EA that can run 24/5 on gold and GBPUSD and stocks. Trilling stop loss. No expireing date. Must make 5% minimum in returns. It can take losses but it must not blow the account minimum deposit must be 35usd
200 pip EA 100 - 200 USD
I require an EA that can deliver on a consistent basis 200 pips per month. The EA must do this with the money management setting where 1 pip = 1 USD
Hello All , Please Create API Bridge MT4 To Web Terminal on Priority basis. MT4 EA to below platform all details shared. https://trade.ivt-markets.com/trade/placeorder.php?type=market&amp ;bs=buy&lot=0.1&sl=111&target=222222&symbol=X:BTCUSD&token=XXXXXXXXXX&clicked=yes 1. MT4 To Web Terminal Api Needed
1st Scenario: 4-Candle Setup (Breakout and Retest) Step 1: Breakout Candle: The price breaks above the EMA 50. Step 2: Retest Candle: After the breakout, look for a bearish (red) candle that touches the EMA. Step 3: Entry Candle: Identify a bullish (green) candle that closes above the EMA. Step 4: Trade Candle: Enter the trade when the price crosses 2 pips above the high of the bullish entry candle. RSI Confirmation

Información sobre el proyecto

Presupuesto
150 - 350 USD
IVA (23%): 34.5 - 80.5 USD
Total: 184.5 - 430.5 USD
Para el ejecutor
135 - 315 USD