Version 1.80 released (I updated Post 1). In this version an Experimental Currency Strength Meter is added to the EA. image

Red News Hedge Trading + EA

Hi Witcher! As it is mentioned in Post 1, Multi-Symbol Renko Chart Creator EA is Experimental and it is highlighted in Post 1 under the section of Multi-Symbol EA that "This works best for Renko brick sizes of greater than 50 points (5pips)." Please ...

Non-gap Renko Chart Creator EA

which means there will be no gap between open of the reverse brick and the close of the previous brick, right?

Non-gap Renko Chart Creator EA

Okay, let's go through Post 1 step by step together: In the first paragraph it says: "In standard Renko charts there is a gap of brick size between open of the reverse brick and the close of the previous brick. The Renko creator EA presented here ...

Non-gap Renko Chart Creator EA

Read post 1 carefully. You will find your answer.

Non-gap Renko Chart Creator EA

Standard Renko shows a gap of size of the Renko brick from the close of the previous candle to the open of the current candle when the direction of the Renko changes (either from bullish to bearish or from bearish to bullish). Such a gap is ...

Non-gap Renko Chart Creator EA

The median Renko like standard Renko does not represent true price move in the market, especially in a backtest it is problematic. For this reason I do not use the median Renko charts and won't program it.

Non-gap Renko Chart Creator EA

Not yet!

Speedometer (Points/Sec)

You probably have a fast computer! ;-)

Non-gap Renko Chart Creator EA

Basically you need first to find out how much a point of the main and hedge symbols worth in your account currency. Then look at ADR (Average Daily Range) values for both symbols and calculate lot sizes based on these values. Note: do calculation ...

Red News Hedge Trading + EA

In the early versions it does but in the newer versions it is all up to the trader to enter the lot sizes for the main and the hedge symbols.

Red News Hedge Trading + EA

ATR is one of the best indicstors...

Renko channel + Fast EMA = simple and profitable

The EA is designed for being used for a short time during red news release which we usually do not restart the MT4 platform, or change the timeframe of the chart.

Red News Hedge Trading + EA

Version 1.75 of the EA released (I updated Post 1). This version is compiled with MT4 build 1170 (bug fixes).

Red News Hedge Trading + EA

I am working on a new version with integrated currency strength meter into the EA. I will release a new version to fix this issue.

Red News Hedge Trading + EA

I hope not! :-) Mine is build 1170, I will see what happens when my MT4 platform upgrades...

Red News Hedge Trading + EA

Version 1.74 of the EA released (I updated Post 1). This version is compiled with MT4 build 1170.

Red News Hedge Trading + EA

Yes, you can use it to open two positions without waiting for any news.

Red News Hedge Trading + EA

I think the reason why it differs from the backtest is the trailing stop. In the backtest we do not have access to real ticks, but in the live trading a Renko bar changes a lot tick by tick.

Renko Trading Discussion

I am not selling my EAs. If I wish to share them with the community, I would just do it. No one can unlock any EAs that the source code is not available for them. I do not recommend anybody to use Martingale strategy. Mine, however, is a combination ...

Tick separate volume trading - coder needed