Renko Chart EA
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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 -
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. -
@varso thanks!