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\MQL5\Indicators\MyInd\

Renko Level.mq5 (24.46 KB) view

\MQL5\Experts\

Renko Level EA.mq5 (36.25 KB) view

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

The EA uses indicator Renko Level (the indicator must be in the MQL5\Indicators\MyInd\ folder)

Renko level indicator

Lots (or "Lots">0 and "Risk"==0 or "Lots"==0 and "Risk">0) - constant lot size
Risk (or "Lots">0 and "Risk"==0 or "Lots"==0 and "Risk">0) - lot size is calculated dynamically
Size of block - "block" size
Reverse - flagging the reverse of signals for opening positions
Increase - flagging to incrase the positions
magic number - the unique EA identifier

An example for AUDUSD,M1: