Hi,
I'm looking for some help with an ea based on Renko bars.
It's hard to find a good exit point with these bars, as every indicator gives a late signal, when there is already a finished reverse Renko bar. With 10 pips bricks this is a 20 pips + spread loss.
As mostly I could manage to have at least 1 good bar, I'd like to exit at the end of current bar, where I've placed the order. Or, I'd like to place example 0.3 lot on first bar, at the end of this bar reduce the volume to 0.1 and keep this trade for longer. The profit made on first bar could serve as some protection or - in good case - a higher profit.
My problem is (apart of improving my entry /exit signals...), to define the ending of current or next bar. My tries doesn't works well.
Many thanks in advance!