Renko EA Description
Renko Expert Advisors are a set of two Metatrader advisors that (Renko Chart EA), build renko charts, and (Renko Trader EA), trade on these renko bricks charts.
Renko EA's main functions
You can create offline Renko charts using custom (M) names such as M2,M3, M4 (but NOT the default M1,M5, M15, or M30).
These Renko charts should be kept updated so that traders can trade manually or attach expert advisors that trade automatically.
Trade with the (PSAR), open/close trades based upon Renko brick color.
The Renko Charts EA, a MetaTrader expert advisor, allows you to create and use Renko bars charts in Metatrader. You probably know by now that the MT4 does not have Renko bars. Instead, it uses candlesticks, lines, and bar charts.
The Renko Trader EA, a Metatrader expert adviser that can trade Renko bricks, is called the Renko Trader EA. This EA can be used to detect trends and can be instructed either to buy in an uptrend or to sell in an downtrend.
Renko EA Alternatives
Heiken Ashi EA
Metatrader Heiken Ashi expert advisor allows you to trade with the trend and enter/exit trades using the Heiken Ashi indicator. You can also track the price of winning trades by percentage, ATR, MA. PSAR, Heiken Ashi.
Heiken Ashi main functions
You can detect the trend using the RobotFX Heiken Ashi indicator for multi-timeframes (trend detector can also be disabled).
Follow the Heiken Ashi trading strategy. Open/Close trades are based on the Heiken Ashi color change.
You can track the winning trades using a variety of methods such as the Heiken Aki candles, moving average indicator and PSAR, ATR, and fractals indicators.
Manage trades by placing StopLoss and TakeProfit, TrailingStop, BreakEven, TrailingStop, TrailingStop, BreakEven, etc.
This RobotFX Heiken Ashi strategy allows traders to trade with the trend.
Learn more
Pivot Trader Pro
Pivot Trader PRO has been a favorite trading system. It is completely automated, protects account equity, and trades pivot points like a professional trader. Pivots are key points which help us identify support or resistance levels on a chart when the price action moves up and down. Pivot Trader PRO, an expert advisor, allows you to trade on the Metatrader 4 platform. This platform is provided by most Forex brokers for free. Pivot Trader Pro doesn't require technical skills. The system will manage trades, open and close trades for you. Pivot Trader PRO was created to help you grow your Forex account in the shortest time possible and outperform other investment vehicles.
Learn more
Happy Forex
You can choose from our selection of expert advisors (EAs). EAs trade according to a predetermined logic. Follow these simple steps to set up expert advisors on your MetaTrader4/5 trading platform. Keep track of your trading results. Professionals will take care of you. You also get lifetime updates from all EAs. Happy Frequency combines the concepts trend/grid/hedge/semi-martingale according to risk low/middle/high/combi EA files. The EA trades in the M5 timeframe. A VPS is recommended as it can run 24 hours per day. Stable profits and low drawdown are the hallmarks of a happy Forex system. It uses reinsurance positions (grid strategies) without increasing the number of lots (no Martingale). It also uses technical analysis (indicator), for safe entry to the market with News filter. It has many options and settings that are not limited to one currency pair.
Learn more
Auto Recovery EA
MetaTrader hedging expert advisor can hedge an open trade, therefore:
Avoid losses by placing a StopLoss order instead of a hedge order
Profit BreakEven (or any amount) in close proximity to opposite orders
Stop losing trades and track the winning trades on your chart
RobotFX Auto Recovery is a Metatrader expert advisor designed to recover the loss of a losing trade by opening an opposite trade, or more, if it’s the case. If you are familiar with, this is one of the trade management part of the RobotFX Fluid EA, with less features (basically the HedgeZone). A very simple but effective way to hedge a losing trade so it will close in profit, at least at break-even. The automatic loss recovery algorithm used by this MT4 recovery zone EA is far better than using a stoploss and incomparable to a martingale trading strategy. This MT4 EA has been inspired by Joseph Nemeth's "zone recovery" trading strategy.
Learn more
Pricing
Pricing Starts At:
$98
Free Version:
Yes
Free Trial:
Yes
Integrations
Company Details
Company:
RobotFX
Year Founded:
2006
Headquarters:
United Kingdom
Website:
www.robotfx.org/p/renko.html
Media
Recommended Products
Multi-Tenant Analytics Software Built for Development Teams
Qrvey saves engineering teams time and money with a turnkey solution connecting your data warehouse to your SaaS application.
Product Details
Platforms
Windows
Mac
Linux
Chromebook
Type of Training
Documentation
Videos
Customer Support
Phone Support
24/7 Live Support
Online
Renko EA Features and Options
Renko EA User Reviews
Write a Review- Previous
- Next