Expert Advisor / trading robot needed based on Renko charts

MQL5 Esperti

Lavoro terminato

Tempo di esecuzione 12 giorni

Specifiche

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.


Con risposta

1
Sviluppatore 1
Valutazioni
Progetti
0
0%
Arbitraggio
0
In ritardo
0
Gratuito
2
Sviluppatore 2
Valutazioni
(562)
Progetti
931
47%
Arbitraggio
302
59% / 25%
In ritardo
123
13%
In elaborazione
3
Sviluppatore 3
Valutazioni
(48)
Progetti
80
28%
Arbitraggio
8
75% / 13%
In ritardo
41
51%
Gratuito
4
Sviluppatore 4
Valutazioni
(12)
Progetti
14
29%
Arbitraggio
2
0% / 0%
In ritardo
0
Gratuito
5
Sviluppatore 5
Valutazioni
(252)
Progetti
403
38%
Arbitraggio
82
41% / 20%
In ritardo
70
17%
Caricato
Ordini simili
News filter. Check that auto GMT works properly Stop Loss: there are 3 types. Make sure they work correctly Debug/clean up the code. Remove the lines that are not in use. Question regarding the maximum open buy/sell, if it is connected to the Martingale/recovery trades. I have 2 versions that should be similar but they do not open the same trades. What is the difference between them? Make sure the EA works properly
A simple RSI EA where Trade (either Buy or Sell) is entered when the Smoothed RSI signal line crosses the MA line. Inputs = RSI Length, Smoothed RSI period, MA type, MA Length, Lot size, TP, SL Based on a trading view indicator..source code available
Have an EA which is anti martingale, Following changes, First fixing errors 1. The trading end time is not working, it trades till the end of the day 2. The day profit also doesn't work, need to stop trading once the profit target is achieved 3. As it is anti martingale it should continue trading if the trade has begun even after trading time ends [option would be helpful, either close all open trades or continue
CAPSTONE BOT TWO SPECIFICATION REQUIRMENTS Using the 1 hour chat draw two horizontal lines at 1 pip above and 1 pip below the high and low of the 6 th and 7 th candles after the period separator. ENTRY CONDITION ONE: place a buy order at the upper horizontal line and a sell order at the lower horizontal line. Both orders with 15pips stop loss and 50 pips take profit. ENTRY CONDITION TWO: In the event that either buy
Quiero un EA personalizado para operar el par Eurousd Que tenga SL y TP En un horario específico Es una estrategia basada en rompimiento de estructura cuando el mercado rompa esa estructura que el EA tome una entrada por Buy Stop o Sell Stop
PZ Day Trading EA MT4 30 - 100 USD
Hello. I would like an EA made for an indicator I purchased; "PZ Day Trading Indicator", for developer information you can find it here in the "developer" tab https://www.pointzero-trading.com/en/Products/view/PZDayTrading.&nbsp ; Due to licensing, I cannot provide the indicator file, but the demo version is available on the MT4 terminal which you can use :) My specification would be as follows: -> Open trade on
I need this simple robot converted to work on the new version of MT5 . It's a very basic robot that open trades at a certain time and that's all it dose. I need the robot to be converted, to work on current MT5 build . And mt5 back-testing As it stand the EA will open trades. But only at certain date and time. I want it to open a trade every day at the same time. And Date part removed When the trade closes it must
Looking for a great developer to develop an EA to send alerts to telegram . Alerts will be send from my mt5 indicator. More information will be provided to selected developer
I am looking for an experienced coder to code the idea behind this recovery strategy: https://www.youtube.com/watch?v=Fzh4dNhYga0 The main goal of this strategy is not to make money but to save (bring to breakeven) a position gone wrong (cases when the price moved in the opposite direction of the position). The idea for this EA is simple: enter in the direction indicated by the supertrend indicator, and place an
Hello great developer here am looking for expert developer will convert convert this Trading View Code to Mt4 Indicator and this is a simple indicator i will be expecting your bid peace be unto you

Informazioni sul progetto

Budget
150 - 350 USD
IVA (23%): 34.5 - 80.5 USD
Totale: 184.5 - 430.5 USD
Per lo sviluppatore
135 - 315 USD