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Renko-Fractals-Grid - expert for MetaTrader 4

Aharon Tzadik | English Español Português 日本語 Deutsch

votes: 12
2018.08.06 13:44
2018.12.08 23:05

This EA uses "Renko" box size on MetaTrader 4 chart. When a Renko box is created (not visible, only calculated in pips) and price reaches the level where there was a fractal, the EA enters a trade.

This EA trades only with the price of open candle!


  • Atr - Enable ATR indicator value as Renko box size (values: 0-1).
  • BOX1 - Renko box size in pips (values: 5-100).
  • CandlesToRetrace - Number of candles to wait for Renko box (values: 10-100).
  • USEMOVETOBREAKEVEN - Enable "no loss" break even system (values: 0-1).
  • WHENTOMOVETOBE - When to move break even (values: 10-100).
  • PIPSTOMOVESL - How much pips to move stop loss (values: 10-100).
  • Lots - Lots size (values: 0.01-10).
  • MaximumRisk - maximum risk from total margin in %, (values: 0.01 - 0.3).
  • If "MaximumRisk =0" then "Lot=constant"
  • DecreaseFactor - decrease from total margin if you lose a trade.
  • TrailingStop - Trailing Stop (values: 10-100).
  • Stop_Loss - Stop Loss (values: 10-100).
  • MagicNumber - Magic number (values: 1-100000).
  • TakeProfit - Take Profit (values: 10-100).


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