It seems that plenty of people like Hull strategies as well as Renko strategies. So we realized that we could try to make an EA that would use both strategies, and we did it. This EA uses both strategies, and both strategies must confirm each other. It seems that the results are quite interesting. Let us know what you think in the comments below.
If you don't have a RENKO charts generator, we can offer our RENKO Charts Generator EA MT4.
Buy-trade example:
The first hull indicator must start a bullish trend and confirm a buy trade with the first renko bullish candle. Sometimes both conditions don't meet, so there is no trade, and EA waits for another trend.
Sell-trade example:
The first hull indicator must start a bearish trend and confirm a sell trade with the first renko bearish candle. Sometimes both conditions don't meet, so there is no trade, and EA waits for another trend.
This EA can also be used with the normal charts, with any symbol and timeframe.
Also, you can use a feature that opens a new trade and closes the old one. It's called "close the trade with the opposite signal." Set it to true if you want to use it. The end result is buy, sell, buy, sell, buy...
Open trade with every renko bar = true
If Hull is still bullish (blue), one trade per bull candle.
Open trade with every renko bar = true
If Hull is still bearish (red), one trade per bear candle.
Stop loss and take profit are hidden; since EA uses virtual lines instead of real prices, the broker can't see them.
Inputs menu of the Renko Hull Moving Average EA MT4.
Hull Indicator settings:
HMA Period - choose your desirable period. Different value = different results.
HMA Price - choose your desirable applied price. Different value = different results.
HMA Speed - choose your desirable speed. Different value = different results.
Lot management options: