Renko-Snowball | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
Welcome :=)
I wrote an EA based on a strategy called snowball...
This means letting the pips gradually open more orders at the same time intervals.
I use Renko Expert to see the chart clearly...
Then add my expert to the chart and start trading...
Here are the steps...
1= Open the EURUSD 1M chart and add the Renko Live Expert (it should be in the Expert Advisors folder and Renko box size = 5)
2= Go to File\Open Offline and select the EURUSD 2M chart and click Open
3= Add my expert renkobuyer expert on the second chart (EURUSD 2M) chart (again it should be in the expert advisor folder)...
4= Both charts should be opened...
The logic behind the idea is to open 10 stop-loss orders based on the color of the last brick. I choose distance (dis) = 50 points, it should be the same size as the brick box...
The profit and stop loss of these orders are preset...
app. 275 points/, the maximum loss can be 20 points. Reward/Risk = 13.75
It's really high.
I need to test it ahead of time but my internet connection is very low...and limited...
So I need help with this...
Thank you for your valuable time///
I wrote an EA based on a strategy called snowball...
This means letting the pips gradually open more orders at the same time intervals.
I use Renko Expert to see the chart clearly...
Then add my expert to the chart and start trading...
Here are the steps...
1= Open the EURUSD 1M chart and add the Renko Live Expert (it should be in the Expert Advisors folder and Renko box size = 5)
2= Go to File\Open Offline and select the EURUSD 2M chart and click Open
3= Add my expert renkobuyer expert on the second chart (EURUSD 2M) chart (again it should be in the expert advisor folder)...
4= Both charts should be opened...
The logic behind the idea is to open 10 stop-loss orders based on the color of the last brick. I choose distance (dis) = 50 points, it should be the same size as the brick box...
The profit and stop loss of these orders are preset...
app. 275 points/, the maximum loss can be 20 points. Reward/Risk = 13.75
It's really high.
I need to test it ahead of time but my internet connection is very low...and limited...
So I need help with this...
Thank you for your valuable time///
























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