10/20 cross renko

[yogesheena]

Can any one make a script with 10 ema cross 20 ema along with MACD cross of 0

 

explanation

 

Since on M2 EA cant work there is only next possibility is to get a script work

now is

 

1) buy when 10 EMA cross 20 EMA from below and macd closes above 0

2)sell when 10 EMA cross 20 EMA from top and macd closes below 0

 

for filter we need a envolop of 35 hi/lo

 

so buy with above condition when cross is above 35 envolop

and sell only when cross is below 35 envolop

 

sl should 50 pip

and tp can be extended with traling sl

 

I think this can make a good script which will trade like EA on M2 chart

 

If any one can help me to make this we can make it work

[peglegtrading]

death by a 1000 cuts on autopilot. the markets are trending very well these days so it will work. but wait for volatility to decrease, auto pilot will not work. be systematic but not blind =)

[MacGyver7]

Why a script? The Renko-EA is running on M1 chart and if you have set the Renko-EA to generate renkos on M2 chart, you can run an EA on M2 (be careful on detecting a new bar - use "Bars" for checking, if there's a new bar)

[tronss]

Do you mean "Envelopes" indicator, 1 of them with Simple-High and the other "Envelopes" indicator with Simple-Low?

MACD 12,26,9?

When to exit?: cross in the opposite or macd?

 

Thanks