Neo Renko Pattern Trading - MT4/MT5 Resources
Hello everyone,
This is a small EA that should be placed .
Every time it finds a specific pattern, it makes 2 trades using ATR TP and SL (most like NNSFX). When the first trade hits his price target, the second trade will be set to break even and then trail the stop.
Set to:
ATR_Multiplier_TP1: ATR multiplier used to calculate TP 1
ATR_Multiplier_SL1: ATR multiplier used to calculate stop loss
ATR_Multiplier_TP2: ATR multiplier if you want to set the second position to TP
Distance from Stop: Trailing Stop
Stop Increment: Trailing Stop Steps
Minimum Loss Size: Minimum Lot Size
Risk: Risk per trade
If you would like to use it and help with backtesting, you are welcome
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Version 1.6 allows you to create custom patterns and has improved order routing capabilities.
This is a small EA that should be placed .
Every time it finds a specific pattern, it makes 2 trades using ATR TP and SL (most like NNSFX). When the first trade hits his price target, the second trade will be set to break even and then trail the stop.
Set to:
ATR_Multiplier_TP1: ATR multiplier used to calculate TP 1
ATR_Multiplier_SL1: ATR multiplier used to calculate stop loss
ATR_Multiplier_TP2: ATR multiplier if you want to set the second position to TP
Distance from Stop: Trailing Stop
Stop Increment: Trailing Stop Steps
Minimum Loss Size: Minimum Lot Size
Risk: Risk per trade
If you would like to use it and help with backtesting, you are welcome
--------------------------------------------------
Version 1.6 allows you to create custom patterns and has improved order routing capabilities.
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