How to build a renko ea
to write an EA which places 100 winning trades when backtested on Renko. I've tested on my favorite Point Original Renko (PointO) chart. As explained above, the indicator builds the historic Renko data from M1 prices.
This particular way of trading renko charts gives positive results out of the box. For the main Renko trading algorithm, I decided to go with the ever-popular entries and exits after a given number of renko bricks. With prerequisites of the way, we can dive in and explore the EAs features. The complete source code for the project is available on my GitHub page. Additionally, you have access to standard renko charts as well as all of the exotic variations.Īlternatively, you may use a different renko solution, but you will need to modify the source code of the EA accordingly. This version already ships with the latest version of the EA's source code, so you don't need to worry about grabbing it from GitHub, installing the SDK, and compiling the EA.
#How to build a renko ea software
You can download the Ultimate Renko charting software from my website at. Please note that you will need a robust renko charting add-on for the 5th version of Metatrader. Attached is a sample Indicator that does this.
(Include external user defined parameter that allows me to define brick size/length). The project is FREE and open-source, so other traders can help tweak the trading robot and submit improvement ideas. EA should build an offline renko chart and trade on these renko brick charts when attached. Several years ago, I decided to start an open-source EA (Expert Advisor) project to facilitate automated trading on various renko charts.