Please read the description very carefully if you stuck backtesting it or working with it don't hesitate to contact me. if you bought the
EA please confirm i'll help you step by step to setup it. for the inputs don't keep default, download the set file below inn parameters.
Renko Hedging EA is a is a fully automated Expert Advisor works on renko bars, uses different Strategies like Scalping, Trend Trading, Zone recovery, and Able to trade on NEWs, it uses hedge to recover the loosing trades ( the zone is varibale so you can put what suites you) . This RENKO EA uses a dynamic approach succeeds in various setups by offering stable and consistent performanc.
Renko Hedging EA strategy see the Youtube Video to understand : https://www.youtube.com/watch?v=QnHv2XUr39s&feature=youtu.be
these are some other videos to check : https://www.youtube.com/watch?v=VANkvXNQtk8
General Recommendations :
_ The minimum deposit is $100 if you are not using the zone recovery, if yes 1000$ or more.
_ It is highly recommended to use a 0 spread account or fixed low spread.
_ Best Renko box size is 5
_ Best Pair : EURUSD and Gold and any volatile trendy and low spread Pair.
_ EA is safe on News with a good money management.
FOR BACKTESTING THE RENKO HEDGING EA:
1 : Download this EA Renko backtester from my drive : https://drive.google.com/open?id=16-NFbOZFZIf20-UGePotvgXvH_e1iO59
( an image is included in the zip file for the configs)
2: Check this TUTORIAL for backtesting on Renko Chart : https://www.youtube.com/watch?v=WGJKtp5tEGk
3: that's all if you have a problem ? contact me inbox!
NB : Backtesting is not 100% relevent please try it on a live chart on demo account, or make sure that you are using a Renko and a Tick data to get 99%, it is very important for renko EAs
How to run RENKO EA :
1. Download any Renko chart Generator and copy it into your Experts folder. ( if you don't have one contact me)
2. Enable Allow DLL import in Tools>Options>Expert Advisors tab.
3. Refresh your MT4 platform's navigator window (or restart MT4).
4. Open a M1 chart (for example, EURUSD, M1) and attach the EA ( Renko chart Generator ) to the chart.
5. Wait for the EA to convert the history data of M1 bars into Renko bricks. ( the Market should be open)
6. From File menu, select Open Offline and choose the symbol with the selected Renko time frame (for our example, it is EURUSD, M2 chart).
7.Now you can attach the EA ( Renko Hedged ) to the opened Renko chart.
You can download this Set File with the same Inputs i use on XAUUSD 50 PIPS RENKO BOX :
MAJORS and other pairs
- Lot=0.01; for 1000 $ account using zeone recovery
- CriminalIsECN=false; detects if the broker is playing with your trades ( SL and TP and anything)
- SleepMinsAfterTradeSend=0; keep 0
- TradeOppositeOfTrigger=false; trade in the opposite direction
- RecoveryEnabled = true; if you want to shut down recovery strategy make it false
- CloseLossOrder = true, keep true
- RecoveryLotMultiplier = 2;
- RecoveryMaxTrades = 0; 0 means unlimited recovery trades
- RecoveryTakeProfit = 10; 10 pips on 5 renko box double it as you double the renko box .
- RecoverySafetySL=15; 15 pips on 5 renko box double it as you double the renko box.
- UseRsi=false; if you would like to filter trades based on RSI
- DisplayGapSize=0; keep 0
SERIOUS WARNING :
Trading this robot without understanding Forex Trading and MT4 Platform and Renko Chart directly on real account can lead to loosing money..
trading this robot with a high spread account or broker can't garantee any winning trades, please choose a Zero or or fixed spread account Broker.
need more ? please contact me