How to program Renko bar?
chu nam:
Dear all of you!
I am recently concerned about programming the Renko Bar in Meta trading platform. I am a newbie of course :)!! Please help me out! Thank you so much!
You can check this out: https://www.mql5.com/en/blogs/post/718430
Will get you started...
Full-featured Renko Charts in MetaTrader 5 - Technical Preview
- 2018.12.11
- www.mql5.com
Renko charts are very popular among traders, yet neither MetaTrader 4 nor MetaTrader 5 does provide them out of the box. To implement renko charts supporting online trading with EAs and indicators one should use a workaround. In MetaTrader 4, it's possible to generate an offline chart and refresh it with emulated ticks using Windows API. In...
chu nam:
Dear all of you!
I am recently concerned about programming the Renko Bar in Meta trading platform. I am a newbie of course :)!! Please help me out! Thank you so much!
Hey !
i myself use renko chart also sometimes
The rules:
- Check that you have a established trend using visual confirmation. This can be done on the H1 and the 6pip renko chart.
- Look for entries close to the hour (8 am 9 am 10 am...13,14,15,16)
- Always place a SL below the last swing and make sure the TP is bigger or equal to the SL
- Try to trade live micro lots so that you actually learn something....
Good luck !
Dear all of you!
I am recently concerned about programming the Renko Bar in Meta trading platform. I am a newbie of course :)!! Please help me out! Thank you so much!