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Hi,
Please see the attached image and details below :
Develop an Expert Advisor (EA) for a manual Renko chart system
(Any currency must be supported for trading and any time can be traded)
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Please read the specification below to develop a Renko based EA according to specification
I already developed a system using some indicators for manual trading on MT4. It used only 3 indicators. You just need to develop an EA for automated trading for MT4
Indicators that I used for manual trading
- Renko livechart v2.1
- Helken ashi smoothed
- True trend jcl
Current manual trading set up , buy entry & exit, sell entry & exit is given below to develop an EA with same exact details:
Current chart set up:
I used Renko livechart v2.1 on 1 min candlestick chart and 2 min offline chart for renko chart with helken ashi indicator. and another indicator called True trend jcl to seethe current trend.
Please note that although offline chart will be set to 2 min and 1 minute chart will be set at 1 min during chart set up process. After set up, 1 min chart will be changed to Daily chart to see a big market view. And 2 min offline chart will be as it is.
1) Renko livechart v2.1 indicator set up :
Box size: 10 [please note that here 10 means 10 pips where it must be 10 for 4 digit and 100 for 5 digit broker Mt4 platform]
boxoffset: 0,
renko time frame: 2 ,
strange symbol name: false
2) Helken ashi smoothed indicator set up:
Variables |
Value |
MAMethod |
2 |
MaPeriod |
4 |
MAMethod2 |
3 |
MaPeriod2 |
2 |
Pop up box alert |
False |
Sound alert |
false |
3) True trend jcl indicator set up:
Alert : false
TrendCCIPeriod : 15
EntryCCIPeriod : 3
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BUY entry criteria in order:
1) At first Helken ashi must be blue colour
2) Then a blue 10 pip rekno box must be seen with blue color
3) And finally TrendCCIPeriod of True trendjcl indicator must be above 0 line for confirmation
Buy exit criteria in order:
1) At first helken ashi color must be changed from blue to red
2) Then a 10 pips renko box must be seen with red color
3) And finally TrendCCIPeriod of True trendjcl indicator must be below 0 line for confirmation
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SELL entry criteria in order:
1) At first Helken ashi must be RED colour
2) Then a blue 10 pip rekno box must be seen with RED color
3) And finally TrendCCIPeriod of True trendjcl indicator must be below 0 line for confirmation
SELL exit criteria in order:
1) At first helken ashi color must be changed from red to blue
2) Then a 10 pips renko box must be seen with blue color
3) And finally TrendCCIPeriod of True trendjcl indicator must be above 0 line for confirmation
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You can also see the attached image files about buy entry & exit and sell entry and exit which will clear you everything in 5 minutes.
Important note: Although I add Renko chart on 1 min chart but after adding Reno chart, I move to daily chart from 1 min for trading
New EA must have the following variables option to change on MT4:
- Renko bar : 10 pips as default( where 10 pips for 4 digit, 100 pips for 5 digit) and must have option to change the Reno bar size anytime on EA.
- lot size: such as 0.01
- Maximum number of open position at a time: such as 5
- Minimum number of open position at a time: such as 1
- Lot size increment by: such as 0.01
- Stop loss: such as 50 (50 pips for 4 digit and 500 pips for 5 digit broker . Which means 0 will be added for 5 digit broker). Please see the attached image for stop loss and Take profit criteria
- Trailing stop/lock profit
- Trading Time : such as 6 means 6 gmt and 0 means the EA will work all the time/any time
- Similar features that is available for any EA development (if required)
Please make sure that the new EA will not crash the MT4 and it will work smoothly any time on MT4.
Required time to develop: 3-5 days maximum
Payment: A final full payment will be given after the EA development and delivery using PayPal
If you are confused on anything regarding this system. Please contact me below:
Thank you