Recruitment of participants Renko Chart & Renko Trader EA MT4

Renko Chart & Renko Trader EA MT4

Renko Expert Advisors is a set of two Metatrader expert advisors designed to (Renko Chart EA) build renko charts and (Renko Trader EA) trade on these renko brick charts.

Create offline renko charts with custom (M) names, such as M2, M3, M4 (but not the default M1, M5, M15, M30)
Continuously update these renko charts so the trader can trade manually or attach an expert advisor that trades automaticall
Trade with the (PSAR) trend, open/close trades based on renko brick color
The Renko Charts EA is a MetaTrader expert advisor that allows the creation and use of the renko bars charts in Metatrader. As an experienced trader you probably know that the MT4 doesn’t have renko bars, its defaults being candlesticks, lines and bar charts.
The Renko Trader EA is a Metatrader expert advisor that can trade renko bricks. This EA has a trend detector and can be instructed to buy only in uptrend, or sell in downtrend. It comes with the possibility to use a fixed lotsize or a percentage of the free margin to open the trades, and all the other trade management features that traders use: break-even, stop-loss, take profit, trailing stop etc.

Renko Expert Advisor on AudUsd in downtrend


Renko Expert Advisor on AudUsd in uptrend


Renko Expert Advisor on AudUsd in downtrend


In the pictures above there are examples of renko charts generated by RobotFX Renko Chart. On these charts we have attached the Renko Trader and let it run a few trades. The EA is following the trend determined by the PSAR indicator.