EA for Renko bars

[firstladyharmonic]

I would like to create an EA using Renko bars for mt5. Is that possible with fxdreema.

• ENTER a trade JUST AFTER 1 renko brick is printed.
• EXIT that trade, and open a new reverse position, just after 1 renko brick is printed in the opposite direction.
  Simple!

Can it be done using fxdreema?

[rafaelgrecco]

Yes, it can be done. It is very simple to do it using fxdreema.

[Marco Ortega]

Hello.
I'm just trying to do an EA using the renko chart. Any help if the indicator is at the fxdreema platform yet? Also what conditions to be set when the bricks are printed?
I appreciate any help with this. Not an easy solution for me.
Thank you so much.

[SpecialFX]

Agreed - anyone got a link to a decent renko indicator for mt4 that doesnt require a long-winded setup?

[l'andorrà]

AFAIK, I'm afraid not, sorry.

[marco antonio]

@rafaelgrecco podría explicar como hacerlo, gracias se lo agradezco

[rafaelgrecco]

For MT4 I recommend this renko sold on this site:
https://ovo.cz/products/offline-charts-for-mt4/renko-bars/
For MT5 I recommend this renko sold on MQL5 market:
https://www.mql5.com/pt/market/product/29005
I personally use both products I mentioned above.

To make a simple EA like mentioned on the first post, you have to simply use a condition box to compare how the last candle was closed:

If Close of Candle ID 1 is > Open of Candle ID 1 = it was a up candle -> open buy position
If Close of Candle ID 1 is < Open of Candle ID 1 = it was a down candle -> open sell position

While it is simple to make such EA, it does not mean it will be profitable...