Renko Charts Trader

[funyoo]

Here is an expert advisor based on the Renko charts.

Buy/sell when there is 4 consecutive red/blue bars. Exit at opposite color.

EU H1. On one year.

Total net profit : 3.25%
RDD : 15.03%

The backtesting is too slow to do some optimization.

[finimej]

please, where is the EA?

[altoronto]

Good question finimej .. where is EA?

[funyoo]

Good question finimej .. where is EA?

Hello altoronto,

EA added to the first post.

[finimej]

Thanks funyoo. This is the first EA that runs on offline charts that I have encounted. I will test it.

[bob123]

Thanks funyoo. This is the first EA that runs on offline charts that I have encounted. I will test it.

This renko indicator is not the offline one, it's just a poor imitation.

[finimej]

thanks. I would like to have an EA that trade on the offline renko chart. Anyone has link to EA that trades on offline chart?

[bob123]

Try this and search
C4 Scalping @ Forex Factory
If you can't find it PM me and I will send it to you. It's only in ex4 and only works on Demo apparently. I couldn't get it to work at all.

[dreamliner]

Which Renko chart indicator did you use for this test? Is there one available for MT4? Is it one you posted on the first post? If so, which is the Renko bars indicator and which is the EA? Thank you.

[bulkbiz]

Hello, I am using renko for the pass one year and have great success with it. Mind to share an EA based on this:

1)every new block/bar=125pips(point)
2)change to opposite color when there are 250pips(point) moving opposite.
3)Using daily chart only.
4)I will determine the lot size by myself.

Example:

I buy EUR/USD@ 14000, price move to 14125, one blue bar appear, price move to 14250, another blue bar appear, now price move back to 14000, red bar appear, close my existing buy position and sell it instead. Same goes for opposite direction.

No need SL or TP. SL is basically the 250pips moving opposite.