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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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Price: 299$             Live Signal   https://www.mql5.com/en/signals/943594 Telegram Channel      https://t.me/Successful_Forex_EA  Recommended VPS: https://ruvds.com/pr5256 Recommended Broker: https://ru.weltrade.com/?r1=ipartner&r2=36541 London Pride is a high-end, totally automated Expert Advisor specifically devised to trade with GBPUSD currency pair. It is ideal for working on M15 timeframe. The EA uses sophisticated machine learning and self-adaptive algorithms
299 USD
EA Spectr
Fanur Galamov
⭐   7 copies for $199. ⭐ Next price $249. ⭐ Final price $499. EA Spectr is an automated professional multi-currency expert advisor that designed for long-term profitable trading. The EA continuously controls price movements and makes accurate trades based on market patterns, trend and technical indicators. The Ea contains a flexible news filter, high spread protection, separate time and days trading filters and allows to work with automatic and fixed trading lots. Each Ea trade is covered b
199 USD
AW Recovery EA
Alexander Nechaev
Advisor is a system designed to restore unprofitable positions. Simple setup, delayed launch during drawdown, locking, disabling other expert advisors, averaging with trend filtering and partial closing of a losing position built into one tool. The system of automatic calculations will prepare the settings in a few clicks. The use of partial closing of losses allows you to reduce losses with a lower deposit load, which ensures a more secure work with losses, in contrast to the grid strategies o
145 USD
Trend Line GRID mt4
Evgenii Aksenov
This is a grid EA based on the signals of the   Trend Line PRO   indicator:   https://www.mql5.com/en/market/product/42399 Trend Line GRID EA   trade the first order based on the indicator signal and builds a grid if the price deviates. After a certain number of orders, the DrawDown Reduction function is enabled, which reduces the most unprofitable orders by closing them with a counter profit. This ensures that a profit is achieved in each trend. EA also accompanies trades opened in manual mode
149 USD
Rocket Man
Evgenii Golovanets
Price: $499 Recommended broker Recommended broker №2 Live signal   https://www.mql5.com/en/signals/911160 Telegram channel   https://t.me/rocketman_ea Rocket Man  is a fully automated expert adviser, which implements convenient features to perform multicurrency trading with the ability to widely diversify trading risks. This Forex robot uses just one deal for trading and always use stop loss and take profit to protect capital! Expert never uses dangerous methods of money management, such as mar
499 USD
Trend Scalp Pro
Sara Sabaghi
Trend Scalp Pro   ⭐⭐⭐⭐⭐ Price is 128$ for 6 copy, Next Price is 168$ Live Monitoring:  🚀🤑 https://www.mql5.com/en/signals/842515 https://www.mql5.com/en/signals/704872 This Is a a full feature pro version - You can enjoy free version HERE ⚡ Many traders don't trust robots... they Just use technical analysis and make manual orders. So what happens if this technical analysis and use trend line to make the best decision and work AUTOMATIC ??   🤑   🤑  Yes. We do that... ⭐   Trend Scalp Pro   i
128 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.