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RenkoGrail Scalping EA

RenkoGrail EA is an highly accurate and professional scalping expert advisor working on renko charts with brick size of 5 pips, for MetaTrader 4.

This is the result of years of experimenting and trying to obtain the best results in trading as i'm obsessed with the achieving of high percentage of success with my trades.


FUNCTIONALITIES:

It will only work on a Renko chart with brick size of 5 pips. I decided to release this first version only for this size of renko candles as i verified that is a good choice for the most of the common traded forex pairs. Thus the price of the EA will probably raise in the next future, with new versions, as i add new features.

It is meant to take advantage of a temporary momentum in the market and automatically open and close trades after all conditions are met.

Standard “Take Profit” is 4 pips (i will explain in the rules section why).

Standard “Stop loss” will be few pips below or above previous renko candle with its wick taken in consideration thus you need to use a Renko indicator builder which also includes wicks.

The indicators i use for renko building are (these are free, i didn’t create nor own the copyright of these):

- RenkoLiveChart_v3.2

- STG_RenkoChart (This indicator requires you to refresh your charts every time you re-open your platform as it doesn’t automatically add the candles while the platform was closed. Open and close the platform twice also works)

Feel free to use your favourite renko indicator as long as it includes wicks for the right calculation of the stop loss. Don’t hesitate to contact me if you are struggling to find a working indicator.

If you want to trade more than one currency you have to apply the EA on every single chart you choose to trade.

The EA will automatically detect if you are using a 4-digits or 5-digits broker, it will automatically open trades and set take profit and stop loss. You only have to choose the lot amount in the settings of the EA.

For backtesting the EA, i used the method to test offline charts (renko) with strategy tester on MetaTrader4.

On the same youtube channel of the video i posted you can find other backtesting videos of all the major currencies.


RULES:

There are very few simple rules for the Renko Grail EA you must follow to assure the best results.

1.Renko bricks size must be 5pips.

2.Only apply on pairs with no more than 1pip spread or you will be not assured the max performance (This is why target is fixed to 4pips: this way you are safe to take profit with the very next candle almost every time).

3.ECN brokers are strongly advised as they usually provide the lowest spreads.

4.I suggest you to test the EA on demo for a certain amount of time before go live so you can realize what pairs works best for you and your broker.

5.That’s all! Enjoy your Renko Grail EA, put a smile on your face and sleep tight. I wish you all happy pips!

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Quang Nguyen Dien
ZeryEA is a fully automated Expert Advisor based on scalping when indicated the market makes a fast movement. EA can work with any pairs, but It is recommended for GBP/USD, EUR/USD, EUR/JPY with M1. Expert Advantages NO: Grid, martingale, hedge & arbitrage. YES: Stop loss is always for every orders. LOW: Average position holding time. MIN: Drawdown, initial deposit. Parameters Auto lot enable (true/false): Auto lots calculate on margin account. Risk percent: when enable auto lot. Fix Lot Min
30 000 USD
White Shark
Elie Almachaalany
White Shark is a fully automatic Expert Advisor. It can actually outsmart a market by placing BUY and SELL orders when the requirements are met. It uses an advanced technology to place orders in the right time with the right lot. This robot is designed for beginners yet expert traders: Most of the inner parameters are hidden from user so that even a beginner will not mess up. You can download this Ea and back-test. I personally used a 99.9% real tick data for back-testing for an accurate result.
799 USD
Stenvall Invest
Gennady Sergienko
ATTENTION!   In 18 months, the EA made 300 trades, also the EA has a New Year filter in the period from December 25 to January 5.   Do not purchase this EA if it does not suit you!     default settings:       EURUSD M5 email:                    info@gogopips.com telegram for pm:    @leontolstoy Are you a trader ? Join our community in telegram  GoGoPips 🚀   This is a fully automatic trading robot that does not require the intervention of a trader is divided into control bloc
2 030 USD
Best Time
Aleksandr Nadein
Советник выставляет ордера по времени,для его существует 2 настройки (М,М2).При убыточных сделках срабатывает локирование ордеров,что помогает существенно сократить просадку.Советник адаптирован для работы с малыми депозитами(от 1$ ,если это позволено брокером).Он так же будет интересен ,тем трейдерам которые зарабатывают не только на сделках,но и за счет ребейтов,так как совершает большое количество сделок(в среднем  около 50 в день.  Slippage   = 3;           //  Slippage  Lot        = 0.1;   
2 800 USD
Allways Win Dax30 Ea MT4
Pankaj Kapadia
*******************ALLWAYS WIN DAX30  EA  MT4************* WORKS ON DAX30 AND DJ30(US30). For Sample Trading Of this Ea you can see Here On Demo Account Signal:  https://www.mql5.com/en/signals/885036 For Live Account Trading Result you can see here : ClickHere Suggested Minimum Balance Of 1000 usd For LotSize. 1 and Profits = 10 Usd. Ea works On Dax30 Index and Us30(DJ30) Index. THIS EA IS BEST WORKS ON  5 MINUTES TIME  CHART. No Price Avreging Strategy in Ea, Trades Only When  Signal Trigge
991 USD
Reward for Effort
Aleksandr Karvas
About the System: Reward for Effort is an automatic trending system based on proprietary methods of trend identification simultaneously on 5 timeframes: M1, M5, M15, H4, D1. Reward for Effort is provided by the proprietary 15 speed dynamic trailing stop mechanism, which is able to give control to the adjustable Parabolic SAR indicator, which receives data from the active working time frame D1. Primarily, the first order is modified only then the control is passed on Parabolic SAR. If Parabolic S
3 500 USD
Rocket Man
Evgenii Golovanets
Price: $699 9 of 10 copies left at this price Next price $799 Recommended broker Rocket Man  is a fully automated expert adviser, which implements convenient features to perform multicurrency trading with the ability to widely diversify trading risks. This Forex robot uses just one deal for trading and always use stop loss and take profit to protect capital! Expert never uses dangerous methods of money management, such as martingale, hedging or arbitrage. Rocket Man complies with FIFO rules.  T
699 USD
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Versão 1.1 2020.06.16
v1.1 - RenkoGrail_EA automatically checks if renko bricks size is set at 5 pips.