Hey,I have been trading a simple Re

Hey,

I have been trading a simple Renko strategy for quiet some time now and it yields some very decent profits.
Now I want to automate this strategy into an EA so that we dont have to wait for Renko bars to paint for long hours.

The whole concept is about keeping the trading strategy simple yet Accurate & Profitable!

Ok guys so lets first see how to build a Renko chart.

How to Install renko EA:
1. Open 1Min Chart
2. Attach your Renko EA (i.e. Renko_Mod.mq4)
3. Settings for this EA are :

RenkoBoxSize=10.0
RenkoBoxOffset=0
RenkoTimeFrame=2
ShowWicks=true
EmulateOnLineChart=true
BuildChartsWhenMarketOffline=true
CalculateBestBoxSize=false
ATRPeriod=24
ATRTimeFrame=60
UseATRMA=true
MAMethod=0
MAPeriod=120
Click OK and DONE.

4. Open Offline Chart : File > Open Offline > Select EURUSD M2 (Double Click to Open this Chart)
5. Your Renko Chart is now Active.

What we are doing here is that we are getting the Renko_mod.mq4 EA to generate a renko chart in offline mode but updates on live basis.

Now on the current chart you can see renko bricks of 10 pips each.

Now add EMA 50 and EMA 21 indicators to your chart and we are done!

The Rules of the strategy are very simple!

Entry Criteria:

Buy after the brick color changes from red to green and 2 consecutive green bricks have formed and closed.
Our entry will be at the i.e. open of the third green brick.

Sell after the brick color changes from green to red and 2 consecutive red bricks have formed and closed.
Our entry will be at the i.e. open of the third red brick.

Filter:

As a filter we use 21EMA and 50EMA.
If the prices are above the EMAs we take only buy trades.
If the prices are below the EMAs we take only sell trades.

Exit Criteria:

1.When a brick of the opposite color is formed.
OR
2. Trail the trade as more number of bricks are formed until your trailing stop loss takes you out!.

Stop loss:

There are 2 concepts -
1. Last significant hi or low.
2. Hi or low of the last green or red color brick -
i.e. for a buy trade we will use the low of the last red brick from where the price turned.
for a sell trade we will use the high of the last green brick from where the price turned.

Additionally, you can use a trailing Sl of 20-30 pips to safe guard your profits.
You can choose one that best suits your style of trading.


If you are using trailing stop loss don't keep target so that we can let our profits run during times of long trends.

Now you chart should look something like this!

Sell Setup Example :

結果 (中文) 1:

嘿，我有了交易简单莲子策略安静现在一些时间，它会产生一些非常体面的利润。现在我想，我们不需要等待莲子酒吧为长时间描绘成 EA 自动化这一战略。整个概念是关于保持准确和利润高的还简单交易策略!好男人所以，让我们首先看如何生成莲子图表。如何安装莲子 EA:1.打开 1 分钟图表2.附上您的莲子 EA (即 Renko_Mod.mq4)3.这个 EA 设置如下:RenkoBoxSize = 10.0RenkoBoxOffset = 0RenkoTimeFrame = 2ShowWicks = trueEmulateOnLineChart = trueBuildChartsWhenMarketOffline = trueCalculateBestBoxSize = falseATRPeriod = 24ATRTimeFrame = 60UseATRMA = trueMAMethod = 0MAPeriod = 120单击确定，完成。4.打开脱机图表: 文件 > 打开脱机 > 选择欧元兑美元 M2 (双击打开这张图表)5.莲子图表是现在活跃。我们在这里做什么，我们是真正 Renko_mod.mq4 EA 在脱机模式下，但在生活的基础上更新生成一见莲子张图表。现在在当前图表上你可以看到 10 点每个莲子砖。现在到您的图表添加 EMA 50 和 EMA 21 指标和我们正在做!战略的规则也很简单!入选标准:购买后的砖颜色变化从红色到绿色和 2 连续青砖有形成和关闭。我们的项目将在即开放的第三个青砖。出售后砖的颜色从绿色变为红色和 2 连续红砖有形成和关闭。Our entry will be at the i.e. open of the third red brick.Filter:As a filter we use 21EMA and 50EMA.If the prices are above the EMAs we take only buy trades.If the prices are below the EMAs we take only sell trades.Exit Criteria:1.When a brick of the opposite color is formed.OR2. Trail the trade as more number of bricks are formed until your trailing stop loss takes you out!.Stop loss:There are 2 concepts -1. Last significant hi or low.2. Hi or low of the last green or red color brick -i.e. for a buy trade we will use the low of the last red brick from where the price turned.for a sell trade we will use the high of the last green brick from where the price turned.Additionally, you can use a trailing Sl of 20-30 pips to safe guard your profits.You can choose one that best suits your style of trading.If you are using trailing stop loss don't keep target so that we can let our profits run during times of long trends.Now you chart should look something like this!Sell Setup Example :

結果 (中文) 3:

嘿，我一直

交易简单一些时间安静的莲子策略和它产生了一些非常可观的利润。
现在我想自动化这个策略为EA这样我们不必等待莲子酒吧长时间的油漆。

整个概念是关于保持简单的交易策略然而，准确的&有利可图！

好吧让我们先看看如何建立一个

莲子图。如何安装：1
莲子EA。打开
1min图2。附上莲子EA（即renko_mod。
MQ4）3。这个EA的设置：

renkoboxsize = 10
renkoboxoffset = 0
renkotimeframe = 2
showwicks =真正的
emulateonlinechart =真正的
buildchartswhenmarketoffline =真正的
calculatebestboxsize =假
atrperiod = 24
atrtimeframe = 60
useatrma =真正的
mamethod = 0
maperiod = 120
点击确定完成。

4。离线图：文件>打开脱机>选择欧元兑美元的M2（双击打开此图）
5。你的莲子图现在活跃。

我们在这里做的是，我们得到的renko_mod.mq4 EA生成脱机模式而活基更新莲子图。

现在当前图表你可以看到莲子砖各10点子。

现在添加50和21均线均线指标你和我们做！

该策略的规则非常简单！进入标准：从红色到绿色和2个连续的绿色砖的砖红色的变化，购买后形成和关闭。我们的条目将在第三个绿色砖的开放，砖的颜色变化后，从绿色到红色和2个连续的红色砖已经形成和关闭。过滤器：

作为过滤器使用21EMA和50ema。
如果价格上面我们只需要购买交易
EMAS。如果价格低于我们只卖交易均线。

退出标准：

1.一块相反的颜色形成。
或
2。随着越来越多的砖块被形成，直到你的尾止损带你出去！停止损失：2个概念- 1。最后一个重要的还是低的。2。高或低的绿色或红色的砖上
即买交易我们将从那里的价格把最后的红砖低使用。
一卖交易我们将从那里的价格把最后的绿砖的使用。

此外，你可以使用一个尾SL 20-30点来保护你的利润。
你可以选择一个最适合你的交易风格。


如果你使用的是尾随止损，不要保留目标，这样我们就可以让我们的利润在长期趋势中运行！销售安装实例：