Renko Smart EA

2

Renko chart Removes a lot of the noise that is normally generated in the normal chart, and gives  a direct picture of the prices that being charged. This removes much of the noise from the candlestick charts and allows Traders to focus on actual market movements. It can also help Traders  trading larger or smaller price movements. For example, if you are using 50 point bricks, it takes a while to form a bullish or bearish brick. This tells Traders of the market that the it is moving, and that the movement is probably about to advance further. tThe problem that We face is being in front of the Chart for hours wether waiting for a chance to open a trade or to exite one, for this reason we have made.. >>

Renko Smart EA; A brand New Renko FOREX Expert Advisor, works with different way than every other Renko EA.


Working symbol : Any but i prefer EURUSD
Working Timeframe: RENKO CHART
Min deposit: $500


FOR BACKTESTING

1 : Download this EA Renko backtester from my drive : http://bit.ly/renkoSMsetfile  ( Screenshots are included for help )

2: Check this TUTORIAL for backtesting on Renko Chart : https://www.youtube.com/watch?v=WGJKtp5tEGk

3: Download These Set Files ( one for Majors and the other for XAUUSD) : http://bit.ly/renkoSMsetfile

4: Download the EA on your Mt4 Platform and start Backtesting.

NB: - For backtesting on EURUSD and Majors, make 5 pips Renko box size and keep settings of the set file as is.

      - If you want to backtest on XAUUSD make 50 renko box size ( which is 5 in 4 digits brokers) and one difit for the Take Profit and Stop Lose.


HOW TO RUN THE EXPERT ADVISOR :


1. Download  Renko chart Generator  INDICATOR from here and copy it into your Indicators folder.
2. Enable Allow DLL import in Tools>Options>Expert Advisors tab.
3. Refresh your MT4 platform's navigator window (or restart MT4).
4. Open a M1 chart (for example, EURUSD, M1) and attach the Indicator (renkoChartIndicator) to the chart.
5. Wait for the EA to convert the history data of M1 bars into Renko bricks. ( the Market should be open)
6. From File menu, select Open Offline and choose the symbol with the selected Renko time frame (for our example, it is EURUSD, M2 chart).

Now you can attach the  Renko Smart EA to the opened Renko chart.


    Features

        100% automated transactions
        Fixed and automatic Lot Size
        Easy to use from the first time
        Set and Sorget EA, No need to do anything by yourself

    Settings:

  1.  Buy Inputs
  • Initial Buy Lotsize
  • Buy TP in pips (0= no TP)
  • Buy SL in pips (0=no SL)
  • Buy Target in $
  • Descending Buy Profit in $
  • Next Buy Orders Type
  • Buy Exponent/Increment 

         2. Sell Inputs

    • Initial Sell Lotsize
    • Sell TP in pips (0= no TP)
    • Sell SL in pips (0=no SL)
    • Sell Target in $
    • Descending Sell Profit in $
    • Next Sell Orders Type
    • Sell Exponent/Increment

         3. Total open trades profit

    • Total Buy+Sell TP Pair in $
    • Grand Total TP in $

         4. Money Management

    • Enable Risk Management
    • Risk Management Percent
    • Trailing Start Pips
    • Trailing Stop Pips

         5.  Ichimoku Filter

    • Enable Ichimoku Filter : TRUE/FALSE
    • Ichimoku Tenkan-sen
    • Ichimoku Kijun-sen
    • Ichimoku Senkou Span-B

         6.Magic Number


    If you still need anything i would be Happy to Help.

        Disclaimer:

        Before buying RENKO SMART EA, please keep in mind any possible risks associated with the act of trading on the Forex market.
        Past performance does not provide any guarantee of future profitability.
        The backtests shown (for example, in the screenshots) were significantly optimized to find the best parameters.



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    FX167
    206
    FX167 2024.04.10 17:27 
     

    Testing on demo with sent set files. Constantly running red.

    Yuki Yamagishi
    563
    Yuki Yamagishi 2023.02.16 16:43 
     

    殆ど動かしていない そのうち検証

    Salah Eddine Elkouchi
    2214
    Risposta dello sviluppatore Salah Eddine Elkouchi 2023.02.16 22:37
    Hi, please inbox me for help, i can provide help till you make it work as the other users,
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