Renko Expert Advisor based on Renko bar simulation.
The EA has two options for building Renko bars. Classic and ATR. 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.
Our second robot RENKOTREND
Does not use martingale!
Trades opened by the robot comply with the FIFO standard!
Works with any broker on any type of accounts!
After downloading from the market, set the default settings. Or load the settings from the settings folder.
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.
