RENKO Expert ADvisor

The Expert Advisor should work as follow:

Opening Conditions:

Once a candle starts to build up  - place two pending (stop orders) in both directions - long and short - in a distance of value x of the starting point (pips or points).

Once the price hits the order in one direction, delete the stop order in the other direction (works for every Candle! -> delete order at the end of the renko candle).

Also there should be a pending levels -> if the market starts at 0 and the value x will be 5, one pending order will be created as buy at +5 and one pending order as sell at -5.

The pending order distance and pending levels are supposed to give more orders into that direction. For example if the pending orders distance is 0.5 and the pending levels are 4 and the candle is going bullish, then place after the execution of the first order after 5 pips (to continue with the example above) in a distance of 0.5 pips each another pending order in the same direction with the same order type.

Lot size:

Autolotsize & fixed lotsize

Autolotsize should  be calculated on the available margin in percent (x)

fixed lotsize doesnt have to be explained

Exit:

Exit by Take Profit or Stop Loss in Pips

Trailing Stop

Trailing Stop in Pips.