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This is a Simple Renko chart EA based on SMA
When entering a trade we only look at bars with a wick that is at least the same size as the body of the brick.
When entering a buy trade the following conditions need to be met:
1. The body of the brick needs to be above the SMA.
2. The wick of the brick needs to touch or be above the SMA.
3. The wick of the brick needs to be at least the same size as the body of the brick.
4. Enter 2 trades at the close of the brick with the wick.
5. Both trades need to have a SL target in pips
6. Both trades need to have a TP target in pips and a possible trailing stop
7. When TP 1 is hit the SL of trade 2 need to bet set to break-even
When entering a sell trade the following conditions need to be met:
1. The body of the brick needs to be below the SMA.
2. The wick of the brick needs to touch or be below the SMA.
3. The wick of the brick needs to be at least the same size as the body of the brick.
4. Enter 2 trades at the close of the brick with the wick.
5. Both trades need to have a SL target in pips
6. Both trades need to have a TP target in pips and a possible trailing stop
7. When TP 1 is hit the SL of trade 2 need to bet set to break-even
Further the EA need to have the following adjustable settings:
Money management (fixed lot, lot size based on balance, max orders active)
Time (trade from day and time till day and time)
Comment field
All variables need to be adjustable
