GDS Renko Donchian Demo EA

Experts MetaTrader 5 Free

GDS Renko Donchian Demo EA

GDS Renko Donchian Demo EA2

How it works

– Classic fixed-size Renko is built internally from BID ticks.
– Reversals use the classic two-brick rule.
– The Donchian channel is calculated from the previous N completed Renko bricks.
– The current brick is excluded from the channel calculation, avoiding look-ahead.
– A bullish Renko brick closing above the previous Donchian high can trigger BUY.
– A bearish Renko brick closing below the previous Donchian low can trigger SELL.
– Positions close by TP, SL, opposite Donchian breakout, or maximum holding time.
– A short Renko cooldown can be used after an exit.
– One position per symbol.
– No external indicators, DLLs, custom symbols or offline Renko charts are required.
The EA is intended as an educational / Strategy Tester example. Public default parameters and a historical test example will be added only after a real-tick verification run.