![]() ![]() By default, the Renko EA will build renko charts of 10 pips bar size, however the trader can change the renko bar length with any other value (in pips), or use the automatically calculated ATR bars. You might also need to change the Metatrader's settings to allow it to generate larger charts. Then keep pressing the Page Up button on your keyboard so the chart will scroll back a few months to load the history data needed. Martingale Multiplier - set to any positive value is you want the renko EA to multiply the lotsize of the next trade, after closing a losing tradeīefore you load the Renko EA on the chart it is recommended that you switch to the M1 time-frame and uncheck the auto-scroll box.Set to 0 to ignore the swing zone confirmation Pips Away From Last Swing (0 = swing zone disabled) - EA will open new trades only if the trading signal occurs this number of pips away from the last swing in the direction of the trend.Swing Zone Bars - the number of bars to determine the swing zone’s highs and lows).PSAR step, maximum - PSAR indicator settings to determine the trend.Follow PSAR trend - whether or not to trade with the trend.Minimum profit (0 = disabled) - set to a positive value and the renko EA will close the trade at renko change only if its profit reached this minimum profit.Close trade/s at renko change - whether or not to close opened trade/s when the renko brick changes color/direction.Avoid trading consolidation zones - in case of consolidation zones formed by one bricks (1 up, 1 down and so on), set to true to ignore trading entries.Slippage (pips) - distance allowed for the price to move from the open/close/trail order to the execution.BreakEven (pips) - the distance the price has to move in your favor, for the expert advisor to trail the stop-loss.Trailing Stop (pips) - the distance the price has to move in your favor, for the expert advisor to move the stop-loss. ![]() ![]()
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February 2023
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