Kenko Trend Trader mt4

This is the EA version of the Kenko Trend Indicator mt4. It follows the trend on all instruments and trading pairs according to my improved step and ladder technique.


INTRODUCTION

For anyone studying forex charts, the aim is to identify trends, and spot reversals. If you have years of experience it may be easy, but most of us need something to make the trend apparent. If you're familiar with the popular renko charting method, you know that it was developed for this purpose. But renko charting has a flaw; the trend is often broken by false reversals. So I developed my own version - the Kenko Trend Indicator - which draws renko style trend following blocks over the chart using my improved step and ladder technique. It is non-repainting. The kenko trend trader simply trades according to the trend identified by the kenko trend indicator. 


The improved step and ladder technique is simple:

- kenko blocks are drawn only when a new candle opens

- the close price of the previous candle is used to determine whether a new block should be drawn; the wicks are ignored as they may give false signals

- a new position is opened whenever the trend changes from up to down (blue block to red block) or vice versa (red block to blue block)


INSTRUMENTS

The kenko trend trader works on all instruments, including;

- all currency pairs, such as EURUSD, AUDCAD, NZDJPY, etc

- metals like XAUUSD, XAGUSD, etc

- stock CFDs like AAPL

- stock index CFDs like SP500

- cryptocurrency CFDs like BTCUSD, XRPUSD, etc

- anything that can be traded on Metatrader 4


The block size may be different for each instrument. The most popular instruments already have default block sizes coded into the EA. However, you can set your own custom block size for any instrument in the settings when launching the EA.


TIMEFRAME

The kenko trend trader works on all timeframes.  I recommend the 1 hour (h1) timeframe (personal preference), but you can use any timeframe according to your trading rules and goals.


SET UP

For best results, make use of a VPS (virtual private server), so that the EA can trade 24/7.

Please ensure that the market watch contains ONLY the instruments you wish to trade with the EA, and nothing else. The expert counts the number of instruments displayed in market watch and uses the figure for money management calculations.

I recommend trading a portfolio of at least five (5) instruments simultaneously on one account


CAPITAL

I recommend starting with at least $500 capital for trading a portfolio of ten (10) currency pairs with the default settings.


FUTURE UPDATES

I am working to make the kenko trend trader more effective when trading with very minimal capital.

I am also working to make it more effective when trading with only one instrument.


ADDITIONAL INFORMATION

An mt5 version is available; get it on my products page.

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Konstantin Kulikov
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Paulo Roberto Da Costa
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Burak Baltaci
3 (2)
XGen Scalper MT4 - Sistema di trading automatico professionale XGen Scalper è un Expert Advisor all'avanguardia che combina un'analisi tecnica comprovata con una struttura algoritmica avanzata per offrire risultati coerenti su tutti i mercati. Questo potente sistema di trading funziona senza problemi su coppie forex, metalli preziosi come oro e argento, criptovalute e indici delle materie prime. Tecnologia algoritmica avanzata L'algoritmo di scansione delle onde brevettato elabora i dati di
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Stanislav Tomilov
4.44 (16)
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Felipe Jose Costa Pereira
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Nguyen Hang Hai Ha
3.33 (9)
Quantum strategy is a combination of quantum superposition and trading signal model. EA Quantum Dark Gold determines Buy and Sell positions simultaneously for each signal and simultaneously places 2 orders Buy Stop and Sell Stop. Then the momentum determines which order position is executed and cancels the remaining pending order. This interesting idea forms the Quantum Dark Gold with a unique entry method. Open positions are then managed by Trailing, Stop Loss and position balancing strategies
Goldbot One MT4
Profalgo Limited
5 (5)
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Altri dall’autore
For anyone studying forex charts, the aim is to identify trends, and spot reversals. If you have years of experience it may be easy, but most of us need something to make the trend apparent. If you're familiar with the popular renko charting method, you know that it was developed for this purpose. But   renko charting has a flaw; the trend is often broken by false reversals. So I developed my own version - the Kenko Trend Indicator. The kenko trend indicator draws renko style trend following blo
Range Break Index EA
Felix Kenechi Onodu
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Felix Kenechi Onodu
3 (1)
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Felix Kenechi Onodu
5 (1)
For anyone studying forex charts, the aim is to identify trends, and spot reversals. If you have years of experience it may be easy, but most of us need something to make the trend apparent. If you're familiar with the popular renko charting method, you know that it was developed for this purpose. But renko charting has a flaw; the trend is often broken by false reversals. So I developed my own version - the Kenko Trend Indicator. The kenko trend indicator draws renko style trend following block
Kenko Trend Trader
Felix Kenechi Onodu
This is the EA version of the Kenko Trend Indicator mt5. It follows the trend on all instruments and trading pairs according to my improved step and ladder technique. INTRODUCTION For anyone studying forex charts, the aim is to identify trends, and spot reversals.   If you have years of experience it may be easy, but most of us need something to make the trend apparent. If you're familiar with the popular renko charting method, you know that it was developed for this purpose.   But   renko char
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