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Renko Scalping EA

A simple and very effective strategy.

Mean Renko candles and Moving Averages.

Renko Scalping EA can trade fully automatically.


Instructions how to create an Offline chart with Mean Renko candles I can provide.


The reason why I use  Mean Renko candles is very simple.  Mean Renko boxes filter out price ranges and make the chart look very clean and transparent. By adding the usual  Moving Averages to such a chart, the overall picture will give you a quick overview of when price is trending and when it is consolidating.

Another very important reason for using Renko candles for scalping is the need to catch smaller movements on the charts. Thanks to this possibility, you can catch a few or even a dozen opportunities to earn money every day. Using this simple method  it is enough to focus on one or two instruments without having to search the Market every day for bargains.


Signals Setings:


Signal Filter - (default = false)setting to (true) will cause that Signals to open trade that Expert Advisor reacts to will be additionally filtered (a detailed description can be found under each of the signals).

MA_Trade (default = false) – if all MA_Fast and MA_Slow averages are arranged in one line, the trade will be opened when the price rebounds from one of the MAs. Advanced conditions are contained in the settings under the name Signal_Filter and have an on / off option.

Next_Bar_Trade (default = false) – if the currently building candle is closed, the order will be opened. Advanced conditions are contained in the settings under the name Signal_Filter and have an on / off option.

Signal_Filter = true – there must be three candles in one direction The signal candle and the previous one must close above / below MA_Fast

Close_Revers_Bar - (default = false) – the appearance of the first reverse candle will close the order. The function will not work if Sell and Bay positions are open at the same time. The function will not work if the Min_Profit_For_Close_ON function is active and the current profit is lower than in the Min_Profit_For_Close_In_Currency settings.


SL Setings:


SL_TP_Use - (default = true)

SL_Buffer_Distance - (default = 100) – distance added to SL in points for automatic orders.

SL_Support_Resistance_Use - (default = false) – allows to be placed SL on the supports and resistances determined automatically by EA with the help of blue lines on the graph.

SL_Support_Resistance_Interval - (default = 2) – the number of candles that is taken to be consider to determine S/R. Applies to the function SL_Support_Resistance_Use.

MaxSL_Points - (default = 500) – if SL automatically calculated by EA when opening the order is greater than the one set in MaxSL options then SL will be changed to MaxSL value.

MinSL_Points - (default = 50) – if SL automatically calculated by EA when opening the order is smaller than the one set in the MinSL options then the SL will be changed to the MinSL value


Manage Position Setings:


Break_Even (default = false) – setting to (true) will immediately move SL to BE place, plus the distance contained in the XpipsAboveBE setting.

Break_Even_Distance_Points - (default = 200) - distance at points after which SL is automatically moved to the entrance.

X_Points_Above_BE - (default = 20) – additional plus points added to Break_Even.

Trailing_Stop_Use - (default = false) – setting to (true) will cause SL of all open trades to follow the price at a specified distance (Trail) and with a specific jump (Trail_Step). This process will have a beginning if the price moves away from the place of opening the trade by the value entered in the

TrailingStop - (default = false) – if true, keeps the trade automatically from the moment the price exceeds the place of entry into the trade.

Trail_Points - (default = 100) – number of points as long the price has to be far away from entering of the trade when TrailingStop starts to work.

Trail_Step - (default = 10) – number of points determining the step size for the TrailingStop function.

Trailing_Stop_MA_Trend_Use - (default = false) – if true, keeps SL on MA_Trend

Max_Spread_Points - (default = 50) – upper limit which cannot be exceeded for the trade to be opened.

Max_Slippage - (default = 10) – upper limit which cannot be exceeded for the trade to be opened.


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⭐⭐⭐⭐⭐ I am glad to welcome you on the page of my product - I am its author Vasily Strukov.⭐⭐⭐⭐⭐ Midnight is the closing time of the daily candle; it is the time of equilibrium between sellers and buyers. It was at this time that the adviser opens two orders in opposite directions. It is also possible to open the user at a specified time, or trade non-stop in the "enter right now" mode. Real-time results can be viewed  here . Manual for EA at comment  #21 Set files at comment #52 Telegram group 
50 USD
GerFX Density Scalper
Exler Consulting GmbH
BLACK FRIDAY PROMOTION  IMPORTANT: Please contact me after buying or renting for the correct key paramter.  Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability (the EA could also make losses).  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading. 3) Any mean reversion can get caught on the wrong side of a fast movemen
1 700 USD
Falcon Scalper Pro
Michela Russo
Super   Black Friday   Discount   Only Today, 50% OFF! Falcon Scalper Pro is a trading robot  for the trading on forex. This is a Trend Following system that trades in all session.   Backtest Now! Expert advisor not use   arbitrage, grid, martingale or other dangerous strategy , All Trades are covered by StopLoss . Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Bee Crazy Pro ! (All future updates included) -> To Receive it,
145 USD
Spider Crazy Pro
Michela Russo
Super   Black Friday   Discount   Only Today, 50% OFF! Spider Crazy Pro is a trading robot  for the trading on forex. This is a complete system with   11 Strategy in 1 EA . This Robot opens a   large number of orders .  Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Snake Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 or email !   This Expert advisor not use arbitrage or breakout, the
145 USD
Billion Idea
Dhanaraj
  💎 💎 💎 💎 💎 Welcome To Billion Idea (BI) Expert Advisor (Trading Robot) 💎 💎 💎 💎 💎 HOLIDAYS OFFER PRICE $ 99 (ONLY 5 COPIES LEFT)  Billion Idea (BI)  EA is a Safe Scalper System   for Trading on Forex. Exclusively developed for GBPUSD Pair . BackTest Now !   The EA enters the market with certain unique conditions. The EA is based on Unique Strategies, and NOT Uses MARTINGALE, GRID and other Dangerous Strategies . All Deals are covered with Tight Stop Loss and Optimized Take Profit leve
99 USD
Immortality
Nguyen Hang Hai Ha
BLACK FRIDAY ! SALE OFF 30% FOR 10 BUYERS AT $ 48 ! Only 4 purchases left ! Next price $ 68 Expert Advisor  Immortality  uses unique entry and exit strategies to trade with high probability and low risk. EA is designed to be easy to use, it has 5 settings for 5 currency pairs (EURUSD, AUDUSD, AUDJPY, EURJPY, USDJPY) and the Manual Settings option. Monitoring : https://www.mql5.com/en/signals/798736 If you do not have much experience in EA, use the 5 available settings for 5 currency pairs. " Se
48 USD
EA Almanac
Vasiliy Strukov
The adviser is looking for signs of a reversal during low volatility and the possibility of a rollback, averaging is used. Real-time results can be viewed here . Recommended pairs - eurusd usdchf usdcad audusd nzdusd Recommended Time Frame M15 For any questions you can write me a message here Telegram group here  telegram channel here   SETTINGS Start lots  -start lot. Use Money Manadgement  - on / off use of automatic lot calculation. Autolot. Free margin for each 0.01 lot  - the amount of fre
50 USD
Friday Monday
Konstantin Kulikov
ONLY 5/20 COPIES AVAILABLE AT 380$ NEXT PRICE -> 497$ This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account:   https://www.mql5.com/en/signals/395124   . Therefore, as an alternative or addition to th
380 USD
EA Locker
Vasiliy Strukov
"The power of forex in the lock"  V. Strukov. EA Locker  this is a unique authoring algorithm, which was designed to be as stable as possible with any market movements. The essence of the method is to completely close the positions in the lock. Real-time results can be viewed  here   You can find recommended settings - default settings   EURUSD GBPUSD USDJPY USDCAD USDCHF H1 3000  usd or 3000 cents  For any questions you can write me a message  here Telegram group  here  telegram channel  here
50 USD
Golden Ticket
Ramil Minniakhmetov
  Golden Ticket   works on the WPR indicator - which allows you to determine the oversold and overbought conditions of an asset and enters at possible reversal points. Real operation monitoring as well as my ot her products can be found here:  https://www.mql5.com/en/users/mechanic/seller Telegram is  here . Recommendations Recommend pairs EURUSD  Time Frame  M15  Recommend deposit  1000 usd or 1000 cents  Recommend settings   Default settings XAUUSD here Inputs Value New Cycle  —   whe
69 USD
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Versión 1.5 2020.09.15
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