You can use short term trading for just 30 time frame and for 30 pips. Screenshots below demonstrate formation of trading signals and testing results.ĭownload our other Free Forex Robots For Metatrader 4Ĭopy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.Forex Renko street system base on bollinger bands.This system most valuable for long term trading. “Every tick” mode is required for testing and optimization VersionCompatibility (default is 0) – if changed to 1.1, the robot starts working according to the old algorithm from version 1.1 (can be useful to those who have successful settings for the previous algorithm, although it was not canonical).AllowCloseBy – allow the use of the OrderCloseBy function default is true ignored if the OrderCloseBy function is disabled by the broker.Retr圜ount – a number of attempts to perform a trading operation in case of errors default value is 5 if the operation failed even after Retr圜ount attempts, and signal remains, the expert will try to process it on the next tick.Slippage – slippage in points when orders are executed default value is 10.TakeProfitInBoxes – take profit as a number (fractions allowed) of Renko bars if 0, no take profit is set.TrailingStop – enable/disable stop loss trailing ( StopLossInBoxes should be > 0) default value is true.StopLossInBoxes – stop loss size as a ratio of Renko bar size ( RenkoBox) for example, if RenkoBox is 300 points, and StopLossInBoxes is 2, then a distance to stop loss is 600 default value is 0, stop loss is not placed.Risk – a value between 0 and 1 a measure of risk – an allowable loss amount as a percent of the free margin in the event of the predefined stop loss ( StopLossInBoxes) default value is 0, the mode is disabled, a fixed lot specified in LotSize is used.Exposure – a value between 0 and 1 an exposure on deposit, used for lot size calculation with respect to the free margin or a part of the free margin specified in EquityPart default value is 0, the mode is disabled, a fixed lot specified in LotSize is used.EquityPart – a value between 0 and 1 a part of free margin, that will be used for lot size calculation by Exposure or Risk default value is 0, no limitation.only one open order in the current direction MultipleOrders – if true, every subsequent Renko bar formed after SignalSize in previous direction activates an additional order default is false, i.e.SignalSize – number of successive unidirectional Renko bars formed after a reversal that opens a trade default value is 3.

RenkoBox – Renko bar size in points, default value is 100.LotSize – a lot size for new orders, default value is 0.1 this parameter is ignored, if Exposure or Risk is used.

Magic – magic number of the expert, default value is 0.

Renko ea trader for mt4