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RenkoExpert

FREE

Published: 15 December 2017

Current version: 6.8

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Overview
Reviews (12)
Comments (112)
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RenkoExpert

Name: RenkoExpert
Rating: 4 (6 reviews)
Author: Andrey Goida

Experts
Andrey Goida
Version: 6.8
Updated: 25 June 2023

Renko Expert Advisor based on Renko bar simulation.

The EA has two options for building Renko bars. Classic and ATR. In the classic version, renko bars are marked with areas on the main chart; in the ATR version, renko bars are modeled and drawn in the indicator window. Modeling renko bars inside the EA allows you to optimize the robot better than drawing renko bars offline.

Our new product based on artificial intelligence https://www.mql5.com/ru/market/product/127820

Telegramm channel

Set file

Our second robot RENKOTREND

Does not use martingale!

Trades opened by the robot comply with the FIFO standard!

Works with any broker on any type of accounts!

After downloading from the market, set the default settings. Or load the settings from the settings folder.

The EA uses many filters and indicators. The exit from the position is carried out according to the target time system, which consists of 7 blocks, each block is optimized for a specific market situation. It is also possible to use the classic stop loss and take profit.

In addition, there is a block that allows you to close positions when a certain profit or loss is reached separately for sell orders and buy orders, both as a percentage of the deposit and as a fixed amount.

It is possible to work with three types of orders: market orders, pending stop and limit orders, and an order tracking system when a pending order lags behind the price.

The EA works well on all currency pairs, cryptocurrencies, stocks, futures and indices. Each instrument has its own settings.

Default settings for the EURUSD pair on the m1 timeframe.

You can find a more detailed description of the parameters and settings of various tools in our blog on mql 5 or in the telegram channel.

more...

1792

patrickdrew 2025.02.21 15:44 #

Only been testing for a few days but seems to perform very well. MUST use sets as is VERY complicated. USDJPY set works very well so far. Will update.

SmilingHer 2024.07.26 03:40 #

good

631

Ahmed Aboud Ahmed Mohammedalhassan - 2021.12.22 08:09 #

Best expert for traders

The idea of the system is to indentify the reversal patterns using the calculation of the composite candle. The reversal patterns is similar to the "Hammer" and "Hanging Man" patterns in Japanese candlestick analysis. But it uses the composite candle instead the single candle and doesn't need the small body of the composite candle to confirm the reversal. Input parameters: Range - maximal number of bars, used in the calculation of the composite candle. Minimum - minimal size of the composite can

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The Haven FVG indicator is a market analysis tool that highlights inefficiency areas (Fair Value Gaps, FVG) on the chart, providing traders with key levels for price analysis and decision-making. Other products -> HERE Main Features: Customizable color settings: Color for Bullish FVG (Bullish FVG Color). Color for Bearish FVG (Bearish FVG Color). Flexible FVG visualization: Maximum number of candles for FVG detection. Additional extension of FVG zones by a specified number of bars. Opt

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This is my latest Free version for Gold. With optimized parameters and user-friendly features, this version is likely very easy to use and highly effective. You can customize TP and SL parameters as you wish, but the default settings should work well for you without the need for further adjustments. This version is designed for the M5. This version does not require a large capital investment; only $100-$200 is sufficient for Golden Square X to run and generate profits for you. Based on backtest

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Free automatic Fibonacci is an indicator that automatically plots a Fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The Fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values to be displayed in the indicator settings. You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with differe

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Are you tired of drawing trendlines every time you're analyzing charts? Or perhaps you would like more consistency in your technical analysis. Then this is for you. This indicator will draw trend lines automatically when dropped on a chart. How it works Works similar to standard deviation channel found on mt4 and mt5. It has 2 parameters: 1. Starting Bar 2. Number of bars for calculation The starting bar is the bar which drawing of the trend lines will begin, while the number of bars for c

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This indicator displays Pivot-Lines, preday high and low, preday close and the minimum and maximum of the previous hour. You just have to put this single indicator to the chart to have all these important lines, no need to setup many single indicators. Why certain lines are important Preday high and low : These are watched by traders who trade in a daily chart. Very often, if price climbs over or falls under a preday low/high there is an acceleration in buying/selling. It is a breakout out of a

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1 199 USD

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239 USD

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375 USD

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We proudly present our cutting-edge robot, the Big Forex Players EA designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the biggest Banks (positions are sent from our database t

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The Bitcoin Robot MT5 is engineered to execute Bitcoin trades with unparalleled efficiency and precision . Developed by a team of experienced traders and developers, our Bitcoin Robot employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with M5 timeframe , ensuring that you never miss out on lucrative opportunities. No grid, no martingale, no hedging, EA only open one position at the same time. Bit

1 099 USD

Automated Zone-Adaptive Impulse Logic and AI in an EA INFusion is a fully automated Expert Advisor that trades exclusively the gold market (XAU/USD). Designed for MetaTrader, the system uses current GPT models GPT-o4 high to analyze price data in real time. The EA combines modern AI methods with a proprietary price logic, creating a trading approach that flexibly adapts to market behavior – without traditional indicators, without martingale, grid or news trading. INFusion is aimed at users s

476 USD

Nexus is a professional Expert Advisor, suitable for traders of all levels (from beginners to advanced), that operates simultaneously on up to 8 currency pairs , based on 9 entry strategies (trend and reversal). Its independent architecture ensures stability even during periods of high volatility, ranging markets, or impactful events (COVID-19, geopolitical crises, tariff changes). Nexus offers consistency, risk control, and adaptability without relying on simplistic solutions like over-optimiza

1 754 USD

EA Gold Stuff mt5 is an Expert Advisor designed specifically for trading gold. The operation is based on opening orders using the Gold Stuff mt5 indicator, thus the EA works according to the "Trend Follow" strategy, which means following the trend. For Expert Advisor need hedge type account Contact me immediately after the purchase to get personal bonus! You can get a free copy of our Strong Support and Trend Scanner indicator, please pm. me! Settings and manual here Please note that I

149 USD

Fully automatic trading system that trades Renko bars and trend indicators. Renko bars are drawn in the indicator window below the chart. The signal to sell or buy is the intersection of renko and indicator signal. The default settings for the euro / dollar pair, t he EA has shown the best results for the pair GBPJPY and GOLD . The timeframe for trading is m1. There is a time filter. The EA has an autolot system. Our telegram channel After installing the EA, download the installation set

FREE

The indicator displays a renko chart and a supertrend indicator in real time. After installing the indicator, the window will display the Renko chart and the supertrend indicator in the same window. This allows you to more clearly and visually see the entry and exit points when a trend reversal occurs. The signal to open a position is the intersection of the Renko candlestick of the supertrend indicator point and the appearance of the opposite signal of the supertrend indicator. The indicator

FREE

GoldenBugAI — your personal gold guru for XAUUSD, the result of years of hard work, research, and real trading experience! Inspired by the legend of the golden bug, this EA is more than just an algorithm — it’s the embodiment of thousands of hours of analysis, testing, and live trading with gold. Every nuance of XAUUSD market behavior has been considered, and every line of code is infused with real professional trading expertise. Why gold? Gold is not just an asset; it’s a symbol of stability a

180 USD

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790

Abdullah Aqeel Lafta Al Rubaye 2025.04.02 20:01 #

User didn't leave any comment to the rating

1792

patrickdrew 2025.02.21 15:44 #

Only been testing for a few days but seems to perform very well. MUST use sets as is VERY complicated. USDJPY set works very well so far. Will update.

jerry hill 2024.11.02 22:01 #

I had trouble getting it to work on my system. windows 11. finally gave up.

SmilingHer 2024.07.26 03:40 #

good

[Deleted] 2024.05.19 04:22 #

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Phillipploo 2023.01.24 19:45 #

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Faradayx 2023.01.23 11:49 #

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631

Ahmed Aboud Ahmed Mohammedalhassan - 2021.12.22 08:09 #

Best expert for traders

Samuel Kimball 2021.10.28 19:08 #

User didn't leave any comment to the rating

8693

Reply from developer Andrey Goida 2021.10.30 08:47 #

The review was written in error and does not correspond to reality. https://www.mql5.com/en/market/product/26221#!tab=comments&page=5&comment=25513124

Eugene73 2021.10.27 11:53 #

User didn't leave any comment to the rating

8693

Reply from developer Andrey Goida 2023.01.21 15:59 #

Thanks!

118

MichaelZ 2021.04.13 10:40 #

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8693

Reply from developer Andrey Goida 2023.01.21 16:02 #

We've done some work on the bugs. In the latest version, all your comments have been corrected. Thank you very much for your feedback!

Shpejtim Agushi 2020.07.09 10:22 #

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112

wsonic 2020.06.12 19:41 #

Excellent performance on USDCAD and EURUSD. Smart pending order, good risk management and great reversal entry position and management. Highly recommended.

Version 6.8 2023.06.25

Update Defaults and Filters

Version 6.5 2023.04.05

Default settings for USDCAD

Version 6.4 2023.03.21

Changing the default settings

Version 6.3 2023.03.06

change default settings

Version 6.2 2023.03.05

change default settings

Version 6.1 2023.02.23

General improvement

Version 6.0 2023.02.13

general improvement

Version 5.57 2023.02.07

General improved

Version 5.55 2023.02.01

General improvement

Version 5.5 2023.01.26

Added one more block for time trading

Version 5.4 2023.01.24

General improved

Version 5.3 2023.01.24

general improvement. Drawdown reduction

Version 5.2 2023.01.24

General improvement. Drawdown reduction

Version 5.1 2023.01.21

Общее улучшение

Version 5.0 2023.01.19

Added two more filters by indicator MFI
General improvement

Version 4.9 2022.12.30

Added filter by MA. General improvement.

Version 4.7 2022.09.12

change default settings

Version 4.6 2022.02.14

Настройки по умолчанию

Version 4.3 2021.12.05

Общее улучшение Именение параметров по умолчанию

Version 4.2 2021.11.23

Общее улучшение Именение настроек по умолчанию

Version 4.1 2021.11.10

Общее улучшение алгоритма. Именение настроек по умолчанию.

Version 4.0 2021.11.04

Общее улучшение.

Version 3.391 2021.10.26

Общее улучшение.

Version 3.39 2021.10.25

Изменение параметров тпо умолчанию.

Version 3.38 2021.01.15

added the ability to close the parameter close losse profit in percent

Version 3.37 2020.12.18

General update.

Version 3.36 2020.12.06

Bugs fixed. Changed the parameters of closing on a reverse signal.

Version 3.35 2020.11.09

General improvement. Default settings changed

Version 3.33 2020.10.04

added the ability to select a timeframe for the indicator separately

Version 3.32 2020.06.19

Fixed deferredFixed bug with setting peting

Version 3.31 2020.06.09

Added option to select profit lock. In deposit currency or balance percentage.

Version 3.3 2020.06.09

Added option to select profit lock. In deposit currency or balance percentage

Version 3.2 2020.05.25

Added time target system for Lock orders.

Version 3.1 2020.05.07

Added filter MFI . General improvement of the trading algorithm.

Version 2.9 2020.03.11

Genera improvements Change default settings

Version 2.8 2020.02.26

Overall improvement

Version 2.7 2020.02.17

General improvement. Change default settings

Version 2.6 2020.02.16

General improvement. Change default settings

Version 2.5 2020.02.11

Overall improvement

Version 2.4 2020.02.09

Changes to the time target system. Renko bars rendering in Renko classic mode in the chart window.

Version 2.3 2020.02.09

Improved system time target

Version 2.2 2020.01.16

Overall improvement

Version 2.1 2019.12.30

Overall improvement

Version 2.0 2019.12.23

General improvements

Version 1.99 2019.12.13

Общее улучшение.

Version 1.98 2019.12.12

General improvement. Changed default settings. Improved lock work.

Version 1.97 2019.11.21

Added new lock function

Version 1.96 2019.10.17

Обшее улучшение

Version 1.95 2019.09.30

Общее улучшение.

Version 1.94 2019.09.23

Общее улучшение.

Version 1.93 2019.09.06

Общее улучшение.

Version 1.92 2019.09.04

Исправлено время торговли. Общее улучшение.

Version 1.91 2019.08.25

Общее улучшение.отрисовка Ренко баров выведена в окно индикаторов.

Version 1.90 2019.08.24

Добавлено сдвиг Ренко баров.

Version 1.89 2019.08.20

Общее улучшение

Version 1.88 2019.08.19

Общее улучшение.

Version 1.87 2019.07.02

Added a new model of Renko bars. Renko bars on the chart
Added new feature tracking stop order Pending stop order

Version 1.86 2019.04.10

Доработан алгоритм открытия отложенных ордеров. Общее улучшение

Version 1.85 2019.03.28

Добавлена функцию отложенных ордеров.
Добавлено закрытие по еквити.

Version 1.80 2019.02.25

Добавлен стоп лосс к лок позициям и ораниченик на количество открываемых лок позиций.

Version 1.79 2019.02.18

add function locke

Version 1.78 2019.01.30

Увеличено количество параметра Target до 30

Version 1.77 2019.01.04

Изменения в настройках по умолчанию. Увеличено число target до 24

Version 1.76 2018.12.09

изменения в настройках по умолчанию

Version 1.75 2018.11.26

New target 21

Version 1.74 2018.11.14

Изменились настройки по умолчанию

Version 1.73 2018.11.09

Обновились настройки по умолчанию.

Version 1.72 2018.11.01

Изменились настройки по умолчанию

Version 1.71 2018.10.26

Изменились настройки по умолчанию

Version 1.7 2018.10.10

Изменились настройки по умолчанию. Исправлены ошибки для новой версии мт5

Version 1.5 2018.05.18

Fixed minor bugs. Added MACD filter.

Version 1.4 2018.04.13

updated the default settings

Version 1.2 2018.01.09

Added one more MA filter. When setting the value, note that MaPeriod1 should always be greater than MaPeriod

Version 1.1 2017.12.26

Added parameter WaitingBar. Count bars wait before open position - how many renko bars should be formed before a position is opened. That is, if you specify 2, then there should be 2 bullish or bearish bars, and then other conditions for entry are checked.