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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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48h OFFER: 497$ Next Price after 48h(Monday): 797$ Join telegram group by clicking on the link you will find below my picture's profile. Welcome. Einstein Albert Trend uses a super advanced algorithm to trade in the trend,thus can avoid very sudden moves that kill many accounts in the past. You can see screenshots below. ! Several types of take profit are used for better performance. Strategy of positions are completely different of the other EAs.It opens 6 same sized trades,then 3
497 USD
AW Recovery EA
Alexander Nechaev
4.55 (40)
AW Recovery EA é um sistema projetado para restaurar posições não rentáveis.   O algoritmo do autor bloqueia uma posição perdedora, divide-a em muitas partes separadas e fecha cada uma delas separadamente. Configuração fácil, lançamento atrasado em caso de rebaixamento, bloqueio, desabilitação de outros Expert Advisors, média com filtragem de tendência e fechamento parcial de uma posição perdedora são incorporados em uma ferramenta. É a utilização de fechamento de perdas em peças que permite re
145 USD
ONLY 4 COPIES OUT OF 10 LEFT AT $199! After that, the price will be raised to $299. - LIVE SIGNAL: https://www.mql5.com/en/signals/1514032 Real operation monitoring as well as my other products can be found here:     https://www.mql5.com/en/users/tuanthang/seller IMPORTANT! Contact me immediately after the purchase to get instructions and Manual Guide to set up EA. Some Features: - One Trade - One Stop loss per trade - At now, it's just support USDJPY. But in future, i will update more JPY pairs
199 USD
Fundamental Trader
Sara Sabaghi
5 (12)
Comerciante Fundamental Ziwox O Ziwox Fundamental trader é um assistente de negociação que ajuda os traders do mercado financeiro a tomar decisões inteligentes informadas pelos dados de informações do EA. Este EA usa fontes on-line para capturar todas as informações necessárias, como o viés fundamental das moedas, o sentimento do índice de traders de varejo em tempo real em um par, previsão de banco e instituto, dados de relatório COT e outros dados em um painel EA complexo. Resumidamente, é um
390 USD
Project Phoenix
Yury Novikau
5 (3)
Automatic trading advisor, which implements a medium-term trading strategy based on the theory of wave movement of the market Advisor does not use martingale, grid, averaging, scalping The advisor is based on the application of wave analysis to historical data and the search for waves predicting the price movement in the future. Using a longer period of time repeating patterns are searched for. Using a smaller period, approximation and interpolation of nodal points and refinement of patterns is
325 USD
Advanced Gold Scalper MT4
Ho Tuan Thang
4.71 (24)
ONLY 3 COPIES OUT OF 10 LEFT AT $299! After that, the price will be raised to $399. IMPORTANT! Contact me immediately after the purchase to get instructions and Manual Guide to set up EA. Some Features: -   No Martingale - No Multiplier Lot - Scalping follow trend - News filter to stop EA before high impact news - Scalping mode to stop EA in some cases ... CAUTION:  News Filter can not back testing. This will cause back testing results to be inaccurate, because News Filter will help EA remo
299 USD
Advanced AI Scalper MT4
Ho Tuan Thang
5 (24)
ONLY 3 COPIES OUT OF 10 LEFT AT $399! After that, the price will be raised to $499. IMPORTANT! Contact me immediately after the purchase to get instructions and Manual Guide to set up EA. The results of back testing Advanced AI Scalper in MT4 will not reflect the full capabilities of the EA. Because MT4 only allows back testing 1 currency pair at a time but this is one chart set up - trade all major pairs. Don't just back testing only 1 pair, you must test all pairs AUDCAD, AUDNZD,NZDCAD,EURAUD
399 USD
Gold Digger EA MT4
Abhimanyu Hans
5 (4)
(USE SET FILES TO SET THE SETTINGS AUTOMATICALLY) GOLD Digger EA   is a   scalper  EA which uses a highly profitable gold scalping technique, it always trades at night so trades will be taken automatically while you sleep. Each trade has a   hard and fixed Stop Loss   placed and uses a   hidden profit booking mechanism   which books the profits automatically when the desired level is reached. This EA works on Long Term stable profits with high returns, so you might witness few days of fla
649 USD
Breakthrough Strategy
Konstantin Kulikov
4.42 (33)
Every Sunday the price goes up by $50 This system was developed to work with a large number of sets and after a certain time it showed itself well when working at the close of trading on Friday. As a result, this direction of trading became the main one for working with this Expert Advisor. There are 25 actual sets for different currency pairs, as well as a profile for quick setup . You can analyze the statistics of the Expert Advisor for different currency pairs using my signal. Evaluate stati
247 USD
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SunCoin Lite
Francesco Grassi
- INTRO - There are 3 versions of the SunCoin Expert advisor: Lite, Standard and Elite, each of those coming with a different price and performance. For the moment i'm publishing only the Lite version, contact/email me for the other versions. This is not a grid/martingale EA. Every order placed has a clear and tight stop loss and a trailing stop system. This is an intense scalping EA for Gold pair (XAUUSD)   on 4H timeframe  and the result of many hours and hard work spent to optimi
250 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.