This is a time based Renko indicator for mt4. It is time dependant so the renko bricks are confirmed only when the particular candle closes above or below the respective renko level.
Trading time based renko removes a lot of trouble.
I will attach chart work in my folowing post.
I have the overlay, But i am having a hard time to make a simple which buys and sells in the when one brick is formed. I am not aware how to incorporate buffer values to the EA.
My plan explained :
Trading time based renko removes a lot of trouble.
I will attach chart work in my folowing post.
I have the overlay, But i am having a hard time to make a simple which buys and sells in the when one brick is formed. I am not aware how to incorporate buffer values to the EA.
My plan explained :
- First get a simple brick change BUY/SELL EA for bactesting various time frames
- With that Data i will try to incorporate my strategy which i have worked on my spreadsheet.
- A sneak peak : Every/Alternate/Every alternate/Multi TF/ETC..
- Add alerts
- Lookout for alerts to trade
Thanks
EA SHOULD DO THE FOLLOWING :
- BUY when the bull renko is confirmed
- SELL when a bear renko is confirmed
- EXIT TRADE when opposite signal occur
- THAT'S IT !!!!!!
RENKO OVERLAY ATTACHED HERE :
Attached File(s)
renko_overlay.mq4
4 KB
|
518 downloads
Always strip things to the basic form & then build a case upwards