By Christopher Dordi Partnersmark EA RenkoTradingBot The expert advisor forms a virtual representation of Renko chart offline indicators attached and then trades on predefined formations of Renko boxes. An order is opened when a predefined number (SignalSize) of unidirectional Renko bars are formed after reversal. See Figure 1 below The EA advantages: • Take over a manual trade position once you put the ea on a manual trade taken. • Basket of trades and multi-currency/instrument trades Check the attached diagram for details 5 Digit Broarker support Parameters • Magic - magic number of the expert, default value is 1195; • EmergencyCloseAll = false; Setting this to true will close all open orders immediately • ShutDown = false; Setting this to true will stop the EA trading after any open trades have been closed • Skip trade - Yes/No • No of trades to Skip : default 5 • RenkoBox - Renko bar size in points, default value is 10; • RenkoTime Frame Default is M1, Weekly,Daily,4 hr, 1 hr… • SignalSize - number of successive unidirectional Renko bars formed after a reversal that opens a trade; default value is 2; • Use MA signal confirmation Yes/No • MA1 - Parameters - 3, Low/High, Simple • MA2 - Parameters - 7, Low/High, Simple • StopLossInBoxes - default value is 0, the mode is disabled,stop loss size as a ratio of Renko bar size (RenkoBox); for example, if RenkoBox is 300 points, and StopLossInBoxes is 2, then a distance to stop loss is 600; default value is 0, stop loss is not placed; • TrailingStop - enable/disable stop loss trailing (StopLossInBoxes should be > 0); default value is true; • Slippage - slippage in points when orders are executed; default value is 10; • RetryCount - a number of attempts to perform a trading operation in case of errors; default value is 5; if the operation failed even after RetryCount attempts, and signal remains, the expert will try to process it on the next tick; • Daily goal in $ - After this no trades for the day, If daily goal in not achieved it carries on the next day so the daily goal is doubled. • LotSize - a lot size for new orders, default value is 0.01; this parameter is ignored, if Exposure or Risk is used; • Lot Size Settings: True/False • Lot Multiplier = 1.4 (Default)if the previous trade is a loss • Lot Multiplier Manual we can specify Lots Like 0.01,0.02,0.04,0.06.0.10…. This is activated only if the previous trade is a loss. • Account Risk/ drawdown in % • PlaySounds = false; If true Trade alerts will be sounded and trades taken will give a sound MaxTrades = 3; Maximum number of trades to place (stops placing orders when reaches MaxTrades) Trade timings - Trading Hrs Start/End How Lot Multiplier works Say the first trade is taken lot Size is 0.1 if the first trade is a loss then second trade will be Lot size 0.2. This co relates to the first loss. In the meantime if there is a second trade signal and another trade is kicked in this will be default 0.1 lot. If this is also a loss then the next trade any instrument will be 0.2, if this is a loss then the next one will be 0.4. if this is a profit the next trade will be 0.1 and so on. Basket of trade calculates which trade is going in a loss in the trades and automatically open the next trade with an increasing Lot size as specified in lot calculator.