I wish to program a user customisable EA which works specifically on offline Renko charts in MT4.
Please quote ONLY if you have the relevant experience programming EA specifically designed for Renko charts as there is a major difference how Renko charts are constructed as compared to normal time based charts.
Indicators Used :
Entry / Exit is based on 5 proprietary indicators :
? First & second indicators are for direction bias.
? Second and third indicator is a cross over of custom MA for signal entry & exit.
? Fifth indicator is a final confirmation signal for entry.
MT4 Broker Platform :
? EA should work on standard, mini and micro accounts.
? EA should work on both 4 digits and 5 digits broker.
Risk Level Per Trade :
? Risk per trade = auto calculation of 2% (customisable) of the current account balance size.
? Maximum allowable risk in pips = ( 3 times of the pip value of the renko block size used) + (additional “x” pips (customisable))
? [ Eg : if the renko block size is 5 pips and “x” is 1 pips, then the maxi allowable risk is (3x5)+1=16pips]
Profit Taking Levels :
? Once price reaches the profit level of 1:1 RRR (customisable), move SL tighter by “x” pips (customisable).
? Once price reaches the profit level of 1:5 RRR(customisable), move SL tighter to break-even plus spread value.
? Once price reaches the profit level of 1:2 RRR(customisable), move SL tighter to 1:1 RRR level (customisable).
? Exit the trade once the MA indicators cross in the opposite direction.
Trading Time Interval :
? Must be able to specify an overall Start Date/Time the EA will start to function.
? Must be able to specify an overall End Date/Time the EA will cease to function.
? Must be able to specific “Multiple Entries” for the particular dates and time ( in terms of hours) where the EA will temporary stop trading because of economic news announcements.
Maximum Equity Drawdown :
? Once the accumulated losses for this particular trading time interval is more than 10% (customisable) of the current account balance size, the EA is stop trading automatically.
? It will not place any trades until it is re-activated again.
5 freelancers are bidding on average $350 for this job
Hello, I have couple of guys with major experience in Metatrader customization and EA development. Examples of our projects: etnasoft com/showcase/ Please contact me to discuss details. Regards, Alex