• Overview
  • Reviews (18)
  • Comments (40)
  • What's new

Renko Full Throttle PRO

A Powerful Solution That Analyze The Renko And The Standard Charts And Filters Out The Noise Or The Narrow Range Moves And Gives Entry And Exit Signals.

A statistics window is included to show the net points gained from these signals taking into considerations the spread of the pair and to evaluate accurately the overall performance.


Advantages It Provides

  • A Clear Buy and Sell signals with take profit and stoploss levels.
  • A Statistical analysis that offers an accurate image of net gained points.
  • Works on all symbols, indices and all time frames.
  • Gives you the ability to filter and further improve your trading strategies.
  • Never repaints, never backpaints, never recalculates.
  • Signals strictly on the "Close of the bar".
  • Integrated arrows, sound, pop-up, email, push notification alerts.
  • Fully compatible with Expert Advisor (EA) development.
  • Very light to the MT4 Platform
  • It can be used with either Renko or Standard charts

How To Use It

  1. Make sure you have enough 1 minute data so the generated Renko chart will have a good history.
  2. Create your Renko chart.
  3. Add Renko Full Throttle PRO Indicator to the Renko chart and modify the inputs and filters as you prefer.
  4. A statistical calculations will give you an accurate figure of the net points gained.

What The Statistical Calculations Offer

  • The total number of orders you had over the selected period and the number of closed or open orders.
  • The total buy and sell orders separately and the net points gained from all orders and the net points gained from buy or sell orders.

Parameters

    • BarsBack : The number of historical bars to be considered for the analysis.
    • Renko Strong Filter : A filter that uses an algorithm to define the noisy market from the trendy one and it can be enabled by true or false option.
    • Strong Filter Pips : It's the number of pips used in the filtration process and the large this number the more filtering is done and less orders to be taken.
    • Renko Pattern Filter : A filter that uses an algorithm to define certain Renko patterns that support the trendy market and it can be enabled by true or false option.
    • Pattern Filter Percent : It's the percent of filtration done to the patterns and the larger the percent the more filtration is done and less orders will be taken.
    • Pattern Pips : The minimum number of pips allowed for the pattern and the lower this number the more orders you will have.
    • Renko Percent : It controls signals frequency and accuracy and the more it is the more trades it will take.
    • Consolidation Degree: It reads the narrow range moves and it accordingly decides how the new stoploss will be and the more it is the higher the stoploss.
    • Smoothing Mode : It defines the how smooth will be the consolidation calculations and it can be either 0, 1 or 2.
    • Risk Reward : The ratio between the take profit and the stop loss so if its 2 then the TP is double the SL.
    • Additional Stop Loss Pips : The additional number of stoploss pips added to the calculated stop loss to allow for some flexibility.
    • Spread in Pips : The spread of the pair in pips to be used in the statistics.
    • Alerts Settings : Different alerts are included like arrows, sound, pop up, email and push notifications.
    • Show Statistics : To allow showing the statistical screen
    • Entry and Exit arrow colors: To control all the colors of buy and sell signals and take profit and stoploss arrows.
    • X and Y position: To control the place of the note on the chart that show the take profit price of current open orders.


    Indicator Manual

    Please check this link  .... https://www.mql5.com/en/blogs/post/729219



    Kindly Contact us after the purchase and you will get for free :

    1- An Expert Advisor for "Renko Full Throttle PRO Indicator" built with all possible options to trade automatically the indicator signals.

    2- 10 optimized sets for 10 pairs - Renko charts.

    3- 14 optimized sets for 14 pairs - 4H Standard Charts ...(Just released on 11-Sep-2019) with about 9000 pips gain during the last year.

    4- 11 optimized sets for 11 pairs - 1H Standard Charts ...with about 8000 pips gain during the last year...


    https://www.mql5.com/en/users/d_elsadny



    taqm
    44
    taqm 2019.09.15 09:28 
     

    The support is quick and wonderful

    fjtully
    229
    fjtully 2019.09.14 10:52 
     

    I just bought this indicator and EA so too early for 5 stars. So far the service is excellent, the indicator looks great, I have it set for trading so I will come back to you with an update for further reviews. I have 8 EAs running on a live account and I have used I would say 50 EAs most of them rubbish so I have some experience in this area. With all the things I have looked for €60, my advice is just get it, the author will give you soo much support you can't loose

    german navy
    60
    german navy 2019.09.13 08:57 
     

    Having the EA with the sets for free is really a great deal with such good indicator results

    many thanks and i will update my review with live results soon

    Jamesdelz
    2055
    Jamesdelz 2019.09.12 07:05 
     

    helpful guy!

    Hong Li
    32
    Hong Li 2019.09.11 23:26 
     

    Great support from Miss Dalya

    Number 4
    27
    Number 4 2019.09.11 22:49 
     

    It's really simple but highly effective indicator with strong signals

    M Iqbal Akbar
    59
    M Iqbal Akbar 2019.09.10 20:35 
     

    outstanding service and excellent indicator!

    Forex Master
    89
    Forex Master 2019.09.09 00:23 
     

    I had doubts about the indicator statistics but after backtesting with the ea i found that the results are same so it deserves the 5 stars

    Dr Waleed Mahdy
    2158
    Dr Waleed Mahdy 2019.09.06 16:19 
     

    there is my first review in mq5 addded after purchase directly

    i am not waiting to detect the indicator result

    but i added this review as magic support from dalia

    thanks

    and i will update my review after time.

    Normy
    66
    Normy 2019.09.06 12:17 
     

    I Purchased it and I'm very happy with the results so far

    I trade manually most of time so it gives confidence in opening trades

    zay rayder
    42
    zay rayder 2019.09.04 14:00 
     

    Very impressive indicator and excellent support from Dalya!

    usually i trade using candle patterns and trend lines and never used renko before but the signals on renko are really encouraging so wish me good luck :)

    Amine Louis Touazi Pastre
    131
    Amine Louis Touazi Pastre 2019.09.02 19:20 
     

    l'indicateur est vraiment génial de plus le codeur est très réactif si difficulté.

    Hicham Ali
    25
    Hicham Ali 2019.09.02 11:12 
     

    Very good signals with high accuracy and Dalya gave me a big help to set up the renko charts and during installation

    Tim Williams
    1013
    Tim Williams 2019.09.01 11:53   

    I just bought this indicator from a developer that I have used on many of my own projects and who is very thorough and helpful. There are 4 or 5 key variables in the indicator settings that appear to affect results, but the 10 .set files that come with it (8 for Renko charts and 2 for conventional charts) help, but I think it's worth testing yourself. Too early for a rating as I have not tried it live. I look forward, in due course, to seeing the EA based on the indicator.

    MrX MoneyTalks
    26
    MrX MoneyTalks 2019.08.31 20:52 
     

    Awesome indicator

    it works really well, and simple to use.

    Bayme More
    32
    Bayme More 2019.08.30 21:09 
     

    This is a very useful indicator for me that really helps me make my decision. very good product. thanks

    Rickardo Bailey
    45
    Rickardo Bailey 2019.08.29 13:46 
     

    Great indicator that is highly accurate and signals are really good on renko charts

    Satem Salah
    482
    Satem Salah 2019.08.27 19:33 
     

    Dalya is supportive and the indicator looks promising

    Version 1.20 2019.09.15
    - Allowed Metals Trading
    - General improvement to the code for better performance
    Version 1.10 2019.09.07
    Renko Full Throttle PRO

    Version 1.10 Features:

    1-A new filter was applied called "Renko Secondary Filter" and its inputs as follows

    - Renko Percent : It controls signals frequency and accuracy and the more it is the more trades it will take
    - Consolidation Degree: It define the narrow range moves and it accordingly decides how the new stoploss will be and the more it is the higher the stoploss
    - Smoothing Mode : It define the how smooth will be the consolidation calculations and it can be either 0, 1 or 2

    2-Under Statistics section, a new options called "X Size and Y size" were added to control how wide is the statistics window

    3-The stoploss will be Dynamic not at fixed price