- #28
- Jan 17, 2026 8:58pm Jan 17, 2026 8:58pm
- Joined Jul 2013 | Status: Trader | 5,459 Posts
Ronnie Renko
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Disliked{quote} Can you share which indicator is that Green and Blue thick channel/moving average with Green dotted line? {image}Ignored
Disliked{quote} I didn't save template. I have to setup again. {image} {file} {file} {file}Ignored
Disliked1.55 pm Sunday afternoon and it is hot outside so I am bored.Here is another Pretty Picture from Ronnie Van Gogh.......waiting/eager for to-morrow. {image}
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Disliked1.55 pm Sunday afternoon and it is hot outside so I am bored.Here is another Pretty Picture from Ronnie Van Gogh.......waiting/eager for to-morrow. {image}
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Disliked{quote} It would be awesome if you could build an EA. The arrows do not repaint and the up and down arrows alternate. No 2 up or down arrows in a row. Arrow prints at close of brick and an alert is triggered. Trade from arrow to arrow. Strategy - Open a buy position on up arrow. Close on next down arrow and open a sell position. etc etc. {image} {file} {image} {image}Ignored
Disliked{quote} It would be awesome if you could build an EA. The arrows do not repaint and the up and down arrows alternate. No 2 up or down arrows in a row. Arrow prints at close of brick and an alert is triggered. Trade from arrow to arrow. Strategy - Open a buy position on up arrow. Close on next down arrow and open a sell position. etc etc. {image} {file} {image} {image}Ignored
These are the tasks carried out on the indicator before even considering the idea of building an EA around it.
1 - MQ4 language update. (code from 10 years ago)
2 - Code rewritten and made more robust.
3 - Implemented the function for automatically searching for the best settings to achieve the highest Winrate %.
Based on the logic of:
Buy on a Buy signal; on a Sell signal: close the previous buy order and immediately open a sell, and so on...
4 - Report of all information displayed on a panel on the chart.
After the various attempts, tests, and retests, unfortunately this indicator, if you want to use it with that logic... will never exceed a 50% winrate,
neither on Renko nor on candlestick charts. You can check it yourself.
But... while working on it, I came across an indicator that we all know, and I had a small flash of insight...
TrendFinder... I can’t easily find the mq4 file... if any of you happen to have it... please share it, I want to check whether the idea
that came to mind could be a good one.