Renko Expert Advisor based on Renko bar simulation.
The EA has two options for building Renko bars. Classic and SPS. In the classic version, renko bars are marked with areas on the main chart; in the ATR version, renko bars are modeled and drawn in the indicator window. Modeling renko bars inside the EA allows you to optimize the robot better than drawing renko bars offline.
Example trading signal MT5
Telegramm channel
Set file
The EA uses many filters and indicators. The exit from the position is carried out according to the target time system, which consists of 7 blocks, each block is optimized for a specific market situation. It is also possible to use the classic stop loss and take profit.
In addition, there is a block that allows you to close positions when a certain profit or loss is reached separately for sell orders and buy orders, both as a percentage of the deposit and as a fixed amount.
It is possible to work with three types of orders: market orders, pending stop and limit orders, and an order tracking system when a pending order lags behind the price.
The EA works well on all currency pairs, cryptocurrencies, stocks, futures and indices. Each instrument has its own settings.
Default settings for the EURUSD pair on the m1 timeframe
You can find a more detailed description of the parameters and settings of various tools in our blog on mql 5 or in the telegram channel.
