Usinh Renko Charts for Auto Trading

[einja 10]

Does anyone know or can point me in the right direction on how to place orders based on the renko bars direction.

 

I am a conventional programmer new to Easy Language.

[BlueHorseshoe 10]

Does anyone know or can point me in the right direction on how to place orders based on the renko bars direction.

 

I am a conventional programmer new to Easy Language.

 

Hello,

 

I am unclear what your question is.

 

Are you asking how to place an order using easylanguage, or how to trade using renko bars (strategy ideas etc)?

 

Regards,

 

BlueHorseshoe

[einja 10]

I want to see if there are green or red renko bars and then place an order (buy or sell) based on the colors. if there are 2 or more green, then buy and sell after 10 pips. If 2 or 3 red bricks then short and buy back after 10 pips.

 

In both cases, i want the order to be bracket order.

 

Ex:

 

1. View/see 2 Green bricks (Price is 1.375)

2. Place an order to buy mkt (or at price doesnt matter).

3. When order is filled, Sell if price goes to 1.365 or 1.385.

 

I want to thank you for helping me.

[BlueHorseshoe 10]

I want to see if there are green or red renko bars and then place an order (buy or sell) based on the colors. if there are 2 or more green, then buy and sell after 10 pips. If 2 or 3 red bricks then short and buy back after 10 pips.

 

In both cases, i want the order to be bracket order.

 

Ex:

 

1. View/see 2 Green bricks (Price is 1.375)

2. Place an order to buy mkt (or at price doesnt matter).

3. When order is filled, Sell if price goes to 1.365 or 1.385.

 

I want to thank you for helping me.

 

Hello,

 

You can do things like:

 

if c[0]>o[0] and c[1]>o[1] then

buy next bar at market;

 

or

 

if c[0]>o[0] and c[1]>o[1] then

sellshort next bar at c-range stop;

 

the current bar is numbered zero, so the prior bar's open would be

 

open[1];

 

or just

 

o[1];

 

you can use market, stop, and limit orders for entry.

 

you can either create a full blown instruction (as with the entries) for exits, or you can just specify a dollar stop and profit target:

 

setstoploss(200);

setprofittarget(500);

 

Hope that helps!

 

BlueHorseshoe