RENKO ROBOT EMA TRADING

RENKO 3 EMA

Features

• Automatically selects the best stop loss which cuts possible drawdown to a minimum
• Optimized for the fastest possible execution, works by open prices. So you can select Open prices only model in the tester without any qualms, which ensures the fastest optimization
• The EA only works with its own orders marking them using the ea_magic parameter (unique magic number) and will never mix them up with orders of other EAs (which have different magic number), as well as with manually opened orders
• Protecting against failures due to disconnections or terminal disabling. When the terminal is enabled and connection is restored, the EA will keep working with its orders
• Automated recalculation of parameters according to number of digits in the account’s quotes

Parameters

• n_digits – number of digits in quotes the settings are optimized for
• take_profit – take profit
• stop_loss – stop loss
• lots – volume of performed trades
• slippage – allowed slippage
• ea_magic – magic number of placed orders
• sl_on_ma – allow to calculate an optimized stop loss
• sl_dist – stop loss distance
• ma1_period – first EMA period
• ma2_period – second EMA period
• ma3_period – third EMA period

What Is an Exponential Moving Average (EMA)?

An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average (SMA), which applies an equal weight to all observations in the period.