Renko Trading System
Renko Trading System is a is a fully automated Expert Advisor on renko bars with no use of martingale.
advanced renko trading system strategy is based on oppening trades after every Renko box opened in a specific direction, see the Youtube Video to understand more.
live trading video : https://www.youtube.com/watch?v=GFoxCwsPEIc
General Recommendations :
The minimum deposit is $100, it is highly recommended to use a 0 spread account or fixed low spread. best box size is 5, Best Pair : EURUSD and Gold.
1 : Download this EA Renko backtester from my drive : https://drive.google.com/open?id=16-NFbOZFZIf20-UGePotvgXvH_e1iO59
( an image is included in the zip file for the configs)
2: Check this TUTORIAL for backtesting on Renko Chart : https://www.youtube.com/watch?v=WGJKtp5tEGk
3: have a problem ? contact me inbox!
How to run it:
1. Download any Renko chart Generator and copy it into your Experts folder.
2. Enable Allow DLL import in Tools>Options>Expert Advisors tab.
3. Refresh your MT4 platform's navigator window (or restart MT4).
4. Open a M1 chart (for example, EURUSD, M1) and attach the EA to the chart.
5. Wait for the EA to convert the history data of M1 bars into Renko bricks. ( the Market should be open)
6. From File menu, select Open Offline and choose the symbol with the selected Renko time frame (for our example, it is EURUSD, M2 chart).
Now you can attach the Renko Trading System to the opened Renko chart.
Lot - trading lot ( if your capital is 100$ use 0.01 Lot if 200 use 0.02 and so on...)
Stoploss - stop loss.
Takeprofit - take profit.
criminal ecn - true or false
SleepMinAfterTrades - keep it 0
TradeOppositeOfTrigger - keep it false ( trades in the opposite direction of the trend )
RsiIn - Rsi Inputs - true or false ( for filtering trades with RSI Indicator use true, if not false)
DisplayGapSize - 0
About the author Author: Salah Eddine, Trading Forex for over 5 years. MQL ENGINEER for 2 Years
How to download M1 history data:
In order to create Renko charts with as much as possible bars, you need to download history data. One way to do so is as follows:
1. Hit <F2> key to bring up History Center window.
2. Select the symbol (for example, EURUSD).
3. Click on <Download> button.
4. Repeat 1 to 3 for all symbols you want to load history data.
SERIOUS WARNING :
Trading this robot without understanding Forex Trading and MT4 Platform guarantees traders will lose their money.
trading this robot with a high spread account or broker guarantees traders will lose their money. please choose a Zero or or fixed spread account Broker.
To trade this robot, you have to understand: How to use EA's. How to get Renko Chart What is the Concept of Renko.
PLEASE IF YOU DON'T KNOW WHAT RENKO CHART IS, OR YOU DON'T KNOW HOW TO GET THE RENKO CHART ON MT4 PLATFORM DON'T PURCHASE THIS EA.
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