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    Renko Chart EA

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    • R
      Rickvdp last edited by

      Hey guys,

      I want to build a renko chart expert advisor. Could someone help me with this, I just started and I'm only 15 so my English is also not the best. So sorry in advanced for that. This is what I want for example with EUR/USD:

      Starting price: 1.12880

      I want to buy every time the price is going 8 pips up so on:
      1.12960
      1.13040
      1.13120
      And continue like this.
      I want to close all the trades as soon as there is a red renko block. So you could use a trailing stop of 8 pips I think?

      I want the same for every sell!

      Could someone help me with this, thanks in advanced!!!

      Your faithfully,
      Rick

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      • V
        varso last edited by

        You can also make pending order with grip 8 pip. Let say in some point you make 10 orders with 8 pips grip trail every order 8 pips after reaching 8 pip profit. Close all order after last order reach trail.
        This is not renko, but order managment, renko its about finding the enter or better support resistance.

        R 1 Reply Last reply Reply Quote 1
        • R
          Rickvdp @varso last edited by

          @varso thanks!

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