KT Renko Patterns Robot MT5

Renko chart pattern EA: 14 patterns, a stop loss on every trade, half banked at the first target.

KT Renko Patterns EA trades the patterns of KT Renko Patterns, which is built in, from double tops to break and retest.

What it does for you

• Enters only when a brick closes through the pattern's breakout, never on a forming brick.
• Places the stop loss beyond the pattern and measures three targets from its height.
• Closes half at the first target, moves the stop loss to the entry and holds the rest until the next pattern.
• Trades each pattern the way the indicator's dashboard counts it, so the per-pattern record on your chart describes the EA's trades.
• Fixed lots or a risk percentage, trailing stop, session and weekday filters, maximum loss protection.

How to start

Open a Renko chart that allows EA trading, attach the EA, choose the patterns and the risk. When the EA runs on a custom Renko chart, set Trade Symbol to the real symbol so the orders go to your broker's symbol.

The status rows confirm the symbol, the exit and whether the chart is read as Renko.

Recommendations

Forex pairs, gold and indices on a brick size where the indicator's record is positive. Switch off the patterns with a negative average result on that chart. A VPS keeps the EA watching every brick.

Input parameters

• Patterns: one switch for each of the 14 patterns.
• Signal Filters: signal direction, minimum bricks between signals, trend filter and trend EMA period.
• Targets and Exit: TP1, TP2 and TP3 as multiples of the pattern height, Trade Exit, the share closed at TP1, the fixed target.
• Stop-Loss: pattern stop, pips or a share of the daily range, trailing stop and its step.
• Position Size: fixed lots or risk percentage, maximum open trades, magic number, slippage.
• Extra Filters: trading session, volatility, Vortex, MMI and weekdays.
• Protection: maximum loss limit for the capital given to the EA.
• Chart and Journal: pattern names, colours, journal log.

Every finished pattern, traded with its plan

You pick the patterns and the risk; the EA takes each one with its stop loss, banks half at the first target and lets the rest run to the next signal.