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Spécifications
This is very simple strategy .
Inputs should looks like below.
Lot size :
Lot Multiplier if the previous trade hits loss :
Use Parabolic(or)MA : True/false :
Parabolic parameters :
MA value :
Reno box size :
Exit on opposite signal : YES/NO
TP
sl
Keep the option tp as ..trade-1
lotsize
tp
SL
TRADE-2
lotsize
tp
SL
Trade-3
lot size
tp
sl
Note: Once price meets our criteria..Then it should open 3 trades at a time with the given lot size...suppose if i have given values for only Trade-1 and trade-2..it should open only those 2 trades.
Trailing Start:(it is the point from where the Trailing SL should activate on reaching certain pips)
trailing Distance:
Renko with Parabolic : (keep it as user adjustable true or false)
EA should be able to construct Renko chart based on given number of pips provided in the input . Apply parabolic strategy on it , Parabolic should be able to generate BUY/SELL signals .EA should take calls from Parabolic and then it should book profit/loss on opposite signals (or) TP given by the user . SL should be apply only if the user provides .
if the trade closes in loss ,the next trade lot size should be multiplied with “Lot Multiplier” given in the input.If the next trade closes in profit then Lot size should back to normal size.
Renko with Moving Average : (keep it as user adjustable true or False)
Renko should be traded either with Moving Average or Parabolic SAR .
single MA , if the Renko boxes are above MA then place BUY ,if the Renko boxes are below MA then place SELL.
Renko with Awesome Oscillator : (keep it as user adjustable true or false)
once awsome oscillator turns to positive ..i.e..more than 0..Immediately it should open a buy trade and exit with opposite signal or the given TP...For the sell, it is same as opposite...once it turns negative or less than 0 then it should start sell and it should exit at the opposite signal or the given tp
It would be real good if there is any filter to avoid fake signals generated by Parabolic ( to be honest I have no idea on filtering the parabolic signals ).
If you know one , please make a filter wherein user can select true/false on that filter.
Attached sample Renko chart with Parabolic signals ( Boxsize 5 pips , 1H timeframe).
NOTE : Renko charts should not re-paint.We need this Renko Indicator too along with E.A