I am interested in having an expert programmed that works on renko and regular charts. I have had a expert programmed that works with renko charts by a metatrader programming company that I have used the last 2 years . I wanted to add a few more entries to the expert but they have always been lackadaisical in testing the expert before they send it to me and more often than not it is buggy. The expert should be done in script format because I have been advised that only a script will work with a renko chart.
I wanted to have 3 entry strategies for the expert. I would like to get an estimate as to what the cost might be to create an expert that would work on renko charts and would allow me to select one of the 3 entry strategies as described below..
Here are the requirements for the expert for purposes of a quote. The expert should work on both renko charts and regular period charts.
There will be 3 different entries to choose from as outlined below:
1 IDT Indicator Entry
Stop and reverse system
Buy at close of blue bar and stop and reverse on close of red bar. (Yellow bars are neutral bars)
We do not want to be entering the initial trade in mid trade. So when expert is attached if last non yellow bar was red then we wait for a blue bar before entering long on the initial trade. If last non yellow bar was blue than we wait for a red bar close to enter short on initial trade
2 FastTrix indicator entry,
Stop and reverse system
We are only concerned with fast trix line not slow trix line
Same principle as IDT above. Buy on close of green fast trix and exit and reverse on close of red fast trix (and vice versa). Like IDT entry, when the expert is attached it should not enter in mid trade but instead wait for a change of color for the initial trade.
3. Combined Volty/ Fast Trix entry
Long bars on the Volty Choppy indicator are medium blue, aqua, light blue or dodger [url removed, login to view] bars on Volty Choppy are tomato, crimson, orange or [url removed, login to view] Volty closes in a long color bar and Fast Trix closes long green, we enter long (vice versa for short). We exit when either Volty closes in a short bar OR fast Trix closes red. After the 2 indicators diverge we reenter when both are in sync again ,i.e. long if Volty closes in a long bar and Trix closes green or short if Volty closes in a short bar and Trix closes [url removed, login to view] is when the 2 indicators diverge.
In all cases there should be no additional multiple entries, i.e., there shall only be one entry per side until exit is reached.
In all cases above when the expert is attached it should wait for a fresh new trade rather than entering immediately in a mid trade. I.e. If when entered the trade is already short it should wait for a new long trade in the case of entry 1 and 2 or a fresh long trade or short reentry in the case of entry 3.
The expert should also allow for user
1. To input his own pip target and stop, trailing stop and breakeven stop in pips
2. To input that only short trades OR only long trades shall be taken OR both sides shall be taken
3. To input that entry will be at market on open immediately following close of the bar OR not to exceed a number of pips above the closing price to protect in case of a fast market OR a number of pips below the closing price if a buy or above closing price if a sell entry
I hope this is enough info for you to formulate a quote. I am attaching the necessary indicators.