Need to transform into EA's Profitable Renko strategy that needs to
Hey guys!
However, I long lurked in the shadow of the FX factory in my first article. I have been using a strategy with average profitability using 10 pip Renko and 50 EMA. The disadvantage of this strategy is the trading frequency, as I have only traded during the London session, so this strategy would be greatly beneficial to turn it into an EA for further backtesting.
Strategy:
Buy if = 2 consecutive green candles then form and the current price (opening price of the 4th candle) is above or touching the 50 EMA.
Sell if = green candles are then formed 2 times in a row and the current price (opening price of the 4th candle) is below or touching the 50 EMA.
This seems simple enough, but I've been unable to find an EA that comes close to this.
We would be grateful if you could turn this simple brick strategy into an EA!
However, I long lurked in the shadow of the FX factory in my first article. I have been using a strategy with average profitability using 10 pip Renko and 50 EMA. The disadvantage of this strategy is the trading frequency, as I have only traded during the London session, so this strategy would be greatly beneficial to turn it into an EA for further backtesting.
Strategy:
Buy if = 2 consecutive green candles then form and the current price (opening price of the 4th candle) is above or touching the 50 EMA.
Sell if = green candles are then formed 2 times in a row and the current price (opening price of the 4th candle) is below or touching the 50 EMA.
This seems simple enough, but I've been unable to find an EA that comes close to this.
We would be grateful if you could turn this simple brick strategy into an EA!
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