I need someone to help me writing an EA for a Renko Chart using HAMA indicator. The EA should run on MT4 platform. The rules for this strategy are very simple:
Open position at the close of the first box right after the HAMA indicator changes color from red to blue or blue to red. If HAMA changes to blue open a long position. If HAMA changes to red open a short position.
Close position when price hits stop Loss or Take Profit. Set initially a T/P of 4 boxes from entry point and S/L 2 boxes from entry point, but both S/L and T/P could be set to different number of boxes (1, 2, 3, ...)
In the attached file you can see an example of a position that ends with a loss and a position that results in a profit using T/P 4 boxes and S/L 2 boxes from entry point. In case you need I can provide Renko Chart and HAMA files.
If you have any question don't hesitate to ask.