Anyone still following up on this ea? Would greatly appreciate it if it is modeled according to bulkbiz's method; go long when blue renko bar appears after red renko bar, and go short with red renko bar appears after a blue renko bar. SL is basically the value of 2 renko bars (whichever the value you input for your renko_2 indicator).
I agree with bulkbiz that renko are superb for trend trading, I have a friend who showed me his live account and is rolling in +7400 (thats about $74000 in standard lots) floating pips from about 5-8 currency pairs over 2 months by purely trading from renko charts and NO other indicators. If an EA is developed according to this I am sure alot of people would be happy about it!