Trading Robot using RENKO-charts

MQL5 Experts

Spécifications

Hi, I am having a trading strategy in which I believe or at least hope someone could help me build a robot. The strategy is very simple, but it is very time consuming, because I need to babysit every investment, which I do not have time to do as I am not a professional full time trader. 

So in the following I will outline my strategy and hopefully this will be information which you can use to see if this is possible or at least interesting. 

Strategy:

The strategy aims at Ger 30 DAX, UK 100 FTSE and SP 500 all indecies. In the example I will use the Ger 30. The Ger30 opens daily from 8am and close at 10pm. So we have 14 hours of trading time.

I am looking at two diffrent charts to get my entry and exit points. On this strategy I am using a combination of renko charting and the classic candlesticks.

Ger30 1h candle chart



The first thing I always do is to draw the daily support and resistance level for myself. These levels are based on the first trading hour. After the 8am candle close i gonna draw the support level (green) and the resistance level (red). This is my basic which I need to have to get my entry and exit points.


The next chart i am looking at is the renko chart


Here you can see my support (green) and resistance (red) level which I drawed on my candle stick chart. These levels are now important for my entry and exit point. The chart I am using here is a Renko chart with a traditional brick size "10" wich means every brick equals 10 points or 0.08%.


Entry Point


As you can see we have in the chart obove a whole week of trading coverd. We are trading on the chart the week from march 12. to 16.

So how and when do we enter the trade. As you can see i have pointed the entry`s. We are always going to enter the position if we have crossed our daily support (green) and resistance (red). But carefully a cross dosent mean we gonna entry instantly !! We are waiting for a confirmation. Our confirmation is a brick wich is fully closed outside the level. Fully closed means the whole brick is outside and dosent cross or touch the level. If this is the case we gonna enter our trade. If we are crossing the support (green) and have a confirmation brick we go for a short (sell) position and if we cross the resistance (red) we go long (buy).

There might be days without a trading signal like in this example on march 12. If this is the case we stay away for this day.

Exit Point


Here on the chart above you can see our exit points. As you can see we are always going to close a trade if we have a negative brick. Wich means if we are in a long (buy) trade and we have the first red brick closed we gonna close the trade and take the profit. Sometimes we are grinding the whole day on our trade like it was on match 13. If this is the case we always gonna close the trade at the end off the trading day wich is 21:45 (22:00 closing time). There might be some cases where we have just one red brick and then we continue going up like on march 15. But in this case we have some reEntry points which I gonna explain just in the next chart.

reEntry Points

As I already told on the "exit point" chart there are some reEntry points. On the chart above you can see these points. We gonna reEnter a trade always if we have a green brick closed after we had a "exit point" and we are still above our resistance (red) level or below our support (green) level. If we are still above or below these levels it dosent matter if we have only one "exit point" or a "exit point" followed by some more bricks. So as you can see in the example above we had one reEntry on march 14. and one on march 15.

I am using Tradingview to provide me with charts. My current broker is Etoro. How to connect the robot with charts and broker I need help from you to suggest. It is also important that the robot gives the possibility to invest with leverage like 10,25,50 and 100. Probably the broker chosen will be the guidance of this. Further the amount invested must also be possible to choose.  

When looking at the charts with RENKO it must be at 3 minutes chart, and the "box size" shall be 10 and the "box size assignment method" shall be "Traditional", not ATR.

Hopefully this is enough to get started. I will set the fix price to 30 USD but this is obviously something we need to discuss. THe robot also needs to pass through some sort of a test period to see that it works OK. 

Best regards Erik 

Répondu

1
Développeur 1
Évaluation
(4)
Projets
5
0%
Arbitrage
3
0% / 67%
En retard
2
40%
Gratuit
2
Développeur 2
Évaluation
(68)
Projets
111
26%
Arbitrage
17
6% / 71%
En retard
15
14%
Gratuit
Commandes similaires
Hi, I have an scalping Expert Advisor for XAUUSD pair with Break Out strategy using iADX indicator and it seems other indicators too. Need a help to do reverse engineering on it. Thanks
I would like to create a bot based purely on the below fundamentals; Timeframe from 5M to 1Month. The bot will place a trade via a candlestick pattern and supply and demand zone approach, (NO RSI, Bollinger bands, or the like to be taken into account) just purely candlesticks based off the candlestick bible, buy and sell. Once a trade is made, the bot will continue to make trades in that position’s direction (locked
Dear Digital Intellectual, I’ll generally outline my idea with the intended instruments and their logic. Fundamental bias with multiple factors . I have this outside of MT. It's very easy to activate or deactivate the EA on MT if the fundamentals are not in line to be bullish or bearish. Later on, APIs would be needed to fully automate this (not yet needed). Logic : Fundamental factors on a higher timeframe drive the
CPI ROBOKING 30+ USD
*Strategy: CPI-Based Trading* *Instruments:* XAUUSD (Gold), UsTech100 (Nasdaq 100), USDJPY *CPI Release:* 1. *Higher-than-expected CPI:* - XAUUSD: SELL (Gold prices may drop due to potential rate hike) - UsTech100: SELL (Tech stocks may drop due to potential rate hike) - USDJPY: BUY (USD may strengthen due to potential rate hike) 2. *Meets or lower-than-expected CPI:* - XAUUSD: BUY (Gold prices may rise due
I'm looking for a program that will work on ninja trader 8: 1. The program should start by giving me the maximum and minimum for the Monday and Friday previous to my current date. 2. The program will shift from the 1 day to the lower time frame as needed that has been selected. a. Then, the Fibonacci sequence will be added automatically from the beginning, and the Fibonacci graph will be adjusted from elliott wave
Hi there am looking for a programmer familiar with SMART MONEY CONCECPT to convert an mt5 into an EA based on its signal and order block formation. will give other details once i select a participant. My budget is fixed $30
Dear Programmer Go to this link https://www.youtube.com/watch?v=m1yJjAIzcp0 This video will explain everything about the strategy. I wanted to make an EA based on this strategy Draw standard deviation channels with 1 2 &3 standard deviation. The repainting should be minimal. In the mid line you have to buy and sell the same currency pair 1 lot each(or depending on the account size) If it goes up and hit the upper
Hello, I am looking for a skilled developer to help create a powerful trading strategy for the stock markets, specifically targeting the American market index. If you have experience in programming and developing effective trading algorithms, I would love to hear from you. Please let me know if you are interested, and we can discuss this further. Thank you
Tdi makes a divergence with moving average 2 in the indicator window above level 68 in crash indeces.... For boom the divergence should occur below level 32.... Timeframe preferably 5minutes but could be left to current..Applicant should have knowledge about synthetic indices... Please don't apply if you are not willing to show competence first through demo
I am seeking an experienced MQL5 developer to complete an incomplete EA that was previously developed but not finalized. The EA involves complex zone marking, multi-timeframe analysis, and various entry strategies (Engulfing, Divergence, Aggressive) with specific stop loss, take profit, and Martingale management. The previous developer has provided the progress made so far, including an EA file and documentation

Informations sur le projet

Budget
30+ USD
Pour le développeur
27 USD