Audience
Forex traders
About Renko EA
Renko Expert Advisors is a set of two Metatrader expert advisors designed to (Renko Chart EA) build renko charts and (Renko Trader EA) trade on these renko brick charts.
Renko EAs main functions
Create offline Renko charts with custom (M) names, such as M2, M3, M4 (but not the default M1, M5, M15, M30).
Continuously update these Renko charts so the trader can trade manually or attach an expert advisor that trades automatically.
Trade with the (PSAR) trend, open/close trades based on Renko brick color.
The Renko Charts EA is a MetaTrader expert advisor that allows the creation and use of the Renko bars charts in Metatrader. As an experienced trader you probably know that the MT4 doesn’t have Renko bars, its defaults being candlesticks, lines and bar charts.
The Renko Trader EA is a Metatrader expert advisor that can trade Renko bricks. This EA has a trend detector and can be instructed to buy only in uptrend, or sell in downtrend.