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Renko Chart Robot

499 USD

Published: 6 March 2025

Current version: 1.20

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Renko Chart Robot

Experts
Yeoh Kia Gee
Version: 1.20
Activations: 5

RENKO CHART ROBOT (EA)

1. OVERVIEW

The Renko Chart EA is a trend-following automated trading system that utilizes Renko bricks and Heiken Ashi confirmation to enter and exit trades efficiently. This EA is designed to eliminate market noise, capture strong trends, and provide better trade accuracy by filtering weak price movements. With the ATR-based dynamic Stop-Loss and Take-Profit, it adapts to market volatility, ensuring optimal risk management and high reward potential.

2. Unique Features

Renko Brick Confirmation – Ensures strong trends before entry.
Heiken Ashi Trend Filter – Avoids false signals for more accurate trades.
ATR-Based Stop-Loss & Take-Profit – Adapts to market volatility.
Moving Average Trend Confirmation – Ensures alignment with the higher timeframe trend.
Prevents Overtrading – Ensures only one trade is open at a time.

3. Trading Logic:

The EA follows a Renko-based trend-following strategy with trade confirmation:

Detects Renko Bricks – The EA waits for a specified number of confirmed Renko bricks (BrickConfirmation).
Checks Heiken Ashi Filter (Optional) – If enabled, it verifies Heiken Ashi candlestick trends before placing trades.
Trend Confirmation via Moving Average – Ensures trades align with the dominant trend (default: 50 EMA).
Opens Trade – Once all conditions align, the EA places a BUY or SELL order with an ATR-based Stop-Loss & Take-Profit.
Manages Trades – The EA limits trade frequency and ensures only one position is open at a time to prevent excessive risk.

📌 Best Timeframes for the EA:

XAUUSD (Gold) – Optimized for different broker pip structures.
EURUSD / GBPUSD / USDJPY – Major forex pairs with high liquidity.

more...

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PARABOLIC SAR PRO EA 1. OVERVIEW The Parabolic SAR EA is a fully automated trading system designed to capitalize on trend-following strategies using the Parabolic Stop and Reverse (SAR) indicator. It dynamically adjusts Stop-Loss (SL) and Take-Profit (TP) levels using the ATR (Average True Range) to adapt to market volatility. Additionally, it incorporates a Moving Average filter to enhance trend accuracy and prevent false signals. This EA is optimized for traders looking for low-risk, high-re

Grid Based Recovery Zone (EA) 1. OVERVIEW The Recovery Zone EA is a smart loss recovery trading system that uses trend-confirmed grid-based entries to recover trades efficiently. Unlike traditional Martingale or grid strategies, this EA ensures that new trades align with the market trend, reducing risk and improving recovery efficiency. It gradually adjusts trade sizes and profit targets to neutralize drawdowns while keeping risk exposure low. The use of ATR-based stop-loss and take-profit ens

Momentum Scalping Robot EA 1. OVERVIEW Momentum Scalper EA is a high-performance forex trading algorithm. It utilizes a momentum-based scalping strategy with ATR-based stop-loss and take-profit levels, ensuring effective risk management and maximizing short-term trading opportunities. 2. Trading Strategy Momentum-based Scalping Strategy: Uses Exponential Moving Average (EMA) and RSI indicators. ATR-based Stop Loss & Take Profit: Automatically adjusts SL and TP based on market volatility. Overt

Breakout Lookback Bars EA 1. OVERVIEW Breakout Lookback Bars EA is a specialized trading algorithm designed to identify and trade price breakouts based on historical high and low levels over a defined period (LookbackBars). The EA ensures systematic trade entries using a FloatingPips mechanism, which helps optimize trade placement and risk management. 2. Trading Strategy The EA detects breakout levels by analyzing the highest and lowest price over a defined period (LookbackBars). A Buy trade is

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