Opened Mar 19, 2015 Never Closes 669 Votes Poll Results. 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 ea scalper fx unlimited finish hours.
The whole concept is about keeping ea scalper fx unlimited finish the trading strategy simple yet Accurate & ea scalper fx unlimited Profitable finish! Ok guys so lets first see how to build a Renko chart. 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. Open Offline Chart : File Open Offline Select EURUSD M2 (Double Click to Open this Chart) 5.
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 ea scalper fx unlimited finish on live basis. Now on the current ea scalper fx unlimited chart finish you can see renko bricks of 10 pips each.
Ea scalper fx unlimited finish Questions.Now add EMA 50 and EMA 21 indicators to your chart and we are done! Buy after the brick color changes from red to green and 2 consecutive green bricks have formed ea scalper fx unlimited finish and closed.
Sell after the brick color ea scalper fx expert advisor wizard mql4 unlimited changes finish from green to red and 2 consecutive red bricks have formed and closed. If the prices are above the EMAs we take only buy trades. If the prices are below the EMAs we take only sell trades. Trail the trade ea as scalper fx unlimited finish more number of bricks are formed finish unlimited ea scalper fx until your trailing stop loss takes you out!. Hi or low of the last green or red color brick - i. 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 dont keep target so that we ea scalper fx unlimited finish can let our profits run during times ea scalper fx unlimited finish of long trends.
Streamline ea scalper fx unlimited finish the backtesting process and new trades (means pause basket during news) for potential entry and exit points. Paper trade before trading for real.Ea scalper fx unlimited finish Forex Robot.
Ea scalper fx unlimited finish For MT4 is a trend.Before backtesting or optimizing, its important to make sure that your history data is complete and accurate, especially if youre using Every tick as your testing model. If you see mismatched chart errors in your Journal log or if your modeling quality is less than 90%, your history data is insufficient to generate accurate ticks.
Open the History Center from the Tools menu or by pressing F2 on your keyboard. Double click the chart pair in the left column that you plan to backtest for. Start by double clicking on 1 Minute (M1) to load the history data for that period. The backtester uses M1 data to generate ticks, ea scalper fx unlimited finish so it is important that your M1 data is complete. From the History Center, you can download or import data to ea scalper fx unlimited finish use in backtesting. Your broker will automatically ea provide scalper fx unlimited finish some recent data, but it may not be enough for a longer backtest.