KT Renko Patterns Robot MT4

In manual trading, many of the trading setups and opportunities provided by the KT Renko Patterns indicator are missed due to sudden price movements on the Renko charts.

KT Renko Patterns EA solves this problem by implementing a 100% automated trading strategy based on the "KT Renko Patterns indicator". After fetching the patterns formation and signals directly from the indicator, it performs some pre-checks and assessments to efficiently execute the trading positions.

All the dependencies are embedded in the expert advisor. It's not imperative to buy the KT Renko Patterns indicator to operate this EA successfully.

Download the set files for 10 pips Renko box to perform the similar backtests.


Features

  • Go fully automated with the KT Renko Patterns indicator and save tons of time.
  • Fully compatible with our free Renko Chart Generator. 
  • No additional download is required. All the required dependencies are embedded in the EA.
  • It fetches the stop-loss and profit targets directly from the indicator in the most efficient way.
  • It prints the pattern name with each entry to facilitate the identification of each trade.
  • Further boost the EA performance using the inbuilt filters like Session-Filter, MMI, Vortex, Volatility, Market Regime and more.
  • Flexible stop-loss trailing to prevent the winners from turning into losses.
  • Protection against the black swan events using the max. loss function.


Input Parameters

  • ----- Renko Pattern Settings -----
  • Min. Bars Between Patterns: The number of min. bars between each pattern. 
  • W-M Pattern: true/false
  • Power Pennant Pattern: true/false
  • AB=CD Pattern: true/false
  • Triple Top/Bottom Pattern: true/false
  • Double Top/Bottom Pattern: true/false
  • Two-Back Brick Pattern: true/false
  • ZigZag Pattern: true/false
  • Swing Breakout Pattern: true/false
  • Draw Pattern Names: If true, EA will draw the pattern name with each new trade.

  • ----- Trade Settings -----
  • Max. Active Positions: The no. of maximum active positions in the same direction.
  • Exit at Opposite Pattern: If true, positions will be closed at the patterns in opposite direction.
  • Lot Size Method: Fixed or Auto

  • ----- Exit Settings -----
  • Stoploss Method: Pips/Volatility/Fetch from indicator
  • Take-Profit Method: Pips/Volatility or TP1/TP2/TP3 from the indicator
  • SL Trailing Method: Pips/Volatility

  • ----- Set the Filters -----
  • Trading Sessions:  All | Asian | London | New York | Asian-London | London-New York | New York-Asian
  • Trend Filter:  True | False 
  • Volatility Filter:  True | False 
  • Vortex Filter:  True | False 
  • MMI Filter: True | False 

  • ----- Miscellaneous Settings -----
  • Max Loss Protection:  True | False 
  • Logging:  True | False  (EA logs all its operation in the journal tab)


FAQs

Q. How to backtest this EA? 

A. It is possible to backtest the EA on a Renko chart using MT4, but it will require third-party libraries. We recommend the MT5 version for backtesting as the chart generated by KT Renko Chart Generator will also be available on the strategy tester. You can even download the free demo of the MT5 version for backtesting and then buy the MT4 version for live trading.


Q. Does it also draw Renko patterns on the chart like the indicator?

A. The EA marks the pattern's name with each trade, but it cannot draw the patterns like the indicator. To view the complete pattern formations, you may consider purchasing the KT Renko Patterns indicator.


Q. Why it's making my PC slow?
A. Make sure you are using a well-optimized Renko utility to build the Renko charts. If you don't have it already, use the KT Renko Live Chart Utility.


Q. Does it work on standard time-based charts?
A. This EA is explicitly developed for the Renko charts. It can work on the standard time-based chart but is not recommended as it defeats this EA's whole purpose.

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Golden Mirage mt4
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Experts
Limited stock at the current price! Final price: $1999 --> PROMO: From $299 --> The price will go up every 5 purchases, next price : $399 Golden Mirage is a robust gold trading robot designed for traders who value reliability, simplicity, and professional-grade performance. Powered by a proven combination of RSI, Moving Average,  ADX, and High/Low Level  indicators, Golden Mirage delivers high-quality signals and fully automated trading on the M5 timeframe for XAUUSD (GOLD) . It features a robu
Iberian EA Ultimate FX H4
Miquel Cirera Mato
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Iberian EA Ultimate - FX H4 is a fully automatic professional Forex expert advisor. This EA trades according to trends (NO scalping, NO martingale) This EA combines various strategies to verify the possibility of a trend and a series of global validations to give the final approval to the opening of the order Despite its complexity, detecting trends is not always the greatest difficulty, it is also necessary to know when to close the operation. In this case, the success of the EA is supported b
Dragons Risk Shield
Ivan Simonika
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RiskShield Dragon   — Automated Multi-Currency Advisor Combining intelligent algorithms, robust protection mechanisms, and flexible configuration, **RiskShield Dragon** delivers consistent profits with minimal risk. --- ## Key Advantages * **Multi-Currency & Multi-Threaded**: Supports over 20 currency pairs (EURUSD, GBPUSD, USDJPY, AUDUSD, NZDJPY, and more) simultaneously on any timeframe. * **Minimum Deposit from 10,000**: Optimized for trading with a starting balance of 10,000 account uni
Buzzer Gold EA
Sukhpreet Singh Bedi
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BUZZER GOLD EA — Smart. Powerful. Profitable. Fully Automated XAUUSD Trading Solution for MetaTrader 4 Buzzer Gold EA is a fully automated expert advisor built specifically for trading Gold (XAUUSD) on the M5 timeframe. It combines a smart entry system with a complete risk-management framework, designed to help traders capture Gold's volatility while keeping capital protection as the top priority. Key Features Smart Entry System High-accuracy signal generation tuned for Gold's price action Bu
Dark Algo
Marco Solito
4.67 (69)
Experts
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for Scalping Trading on Eurusd and Gbpusd . This Expert Advisor is based on the latest generation of algorithm and is highly customizable to suit your trading needs.  If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated algorithm  that allows it to identify and follow market
Tom Scalper MT4
Xuan Bach Nguyen
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Tom Scalper - The Trendline Breakout Expert Advisor Overview: Tom is an Expert Advisor designed for Gold (XAUUSD) trading. It uses a single trendline to determine the trend and incorporates pattern recognition to identify breakout conditions. Built for traders seeking a structured approach, Tom follows predefined criteria to execute trades based on market movements. Join My MQL5 Channel for the Latest Updates! Live Signal :   https://www.mql5.com/en/signals/2361938 Pricing Launch Price : $199
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KEENBASE SOFTWARE SOLUTIONS
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KT COG Robot is a fully automated Expert Advisor based on the KT COG Indicator . The COG indicator was originally presented by John F. Ehlers in the May 2002 edition of Technical Analysis of Stocks & Commodities magazine. The EA fires a long trade when COG line cross above the signal line and a short trade is fired when the COG line cross below the signal line.  Adaptive Filtration Our adaptive filtration algorithm combines the original COG formula with the major trend direction and market acce
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KEENBASE SOFTWARE SOLUTIONS
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KEENBASE SOFTWARE SOLUTIONS
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KEENBASE SOFTWARE SOLUTIONS
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