I have a EA built on a Renko Indicator. Trouble it is giving bad results on a very low setting ie setting prog 1.( In fact in all settings ). Almost over 80% trades are negative balance on account history. I think some adjustments are required on Ea settings. One way i thought about it is to add a parameter that reverses trades ie sets trades in opposite direction. In other words if the Ea is designed to BUY when Renko bars exceed 4 bars & turn BLUE ( you need to insert another new parameter to reverse this trade to SELL when Renko turns BLUE and . when Renko indicator turns RED , the EA SELLS ( you need to insert a parameter to BUY when it turns RED). Only ONE parameter should do the REVERSAL.
Also youcan add a second parameter for inputting the no of bars after which the EA takes action to buy/sell , which the default is 4 in this Ea
I think we can try this idea & see if it works before going deeper into this & altering the indicator itself.
If you can give me the results in one day, it will be great !
Then i will give you another project which i have in my mind.