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ADX Reversal RENKO

The EA join the power of ADX indicator with the Renko Chart and give you a profitable EA

The EA worked on all pair but gave better results on EURUSD therefore we recomend to use on this pair


Recomendations


  • ECN Broker
  • Symbol - EURUSD is the preferred symbol because it's the most stable and has the lowest spreads. But the system generally works with all major Forex 
  • Minimum Deposit - 100 USD

Optmized  SET Files 

EURUSD.set



Parameters:

  • Magic Number - number to indentify your EA
  • ADX Period - here you can define the period of the ADX indicator
  • ADX_range_upper - up to this point your trades will be open
  • ADX_range_lower - from this point your trades will be open
  • ADX_plus_buy_lower_than - ADX DI+  lower than this point your buy trades will be open
  • ADX_minus_buy_higher_than - ADX DI-  higher than this point your buy trades will be open
  • ADX_plus_sell_higher_than - ADX DI+  higher than this point your sell trades will be open
  • ADX_minus_buy_lower_than - ADX DI-  lower than this point your sell trades will be open
  • SL_Pips - Stop Loss in Pips
  • TP_Pips - Take profit in pips
  • Close_after_last_open_trade - Close all trades when  the bid is higher than the last open trade.
  • Close_after_last_open_trade_SL_Pips - Close all trades when  the bid is lower than the last open trade.
  • NextOpenTradeafterMinutes - the next trade will be open after...in Minutes
  • MM_Percent - RISK Lots will be calculated in percentage of the Equit
  • MaxSpread - to avoid open trades during high volatility or whe tha market is quiet
  • Max Slippage - to avoid open trades during high volatility
  • Max Open Trades - the max number of open trades
  • Trading Days - True or false, choose the days that will be open trades


Backtesting

For Backtesting make sure that you are using a Renko and a Tick data to get 99,0% this is very important for renko EA's

see the video to learn how to backtest  


Real Time Trading

It may be quite tricky to get a live Renko chart to work on MetaTrader 4, but the marketplace helps you find experts and indicators that generate Renko Live Charts. Drag and drop our product into the offline Renko chart and make sure you enable the Real Time Trading parameter, change up the Magic Number to your choice, and get to trading.

Here you can find some EA / Indicator to generate your Renko Charts





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