Renko Expert Advisors is a set of two Metatrader expert advisors designed to (Renko Chart EA) build renko charts and (Renko Trader EA) trade on these renko brick charts. The Renko Charts EA is a MetaTrader expert advisor that allows the creation and use of the Renko bars charts in Metatrader. As an experienced trader you probably know that the MT4 doesn’t have Renko bars, its defaults being candlesticks, lines and bar charts. The Renko Trader EA is a Metatrader expert advisor that can trade Renko bricks. This EA has a trend detector and can be instructed to buy only in uptrend, or sell in downtrend.
The Renko Charts EA is a MetaTrader expert advisor that allows the creation and use of the renko bars charts in Metatrader. As an experienced trader you probably know that the MT4 doesn’t have renko bars, its defaults being candlesticks, lines and bar charts. The Renko Trader EA is a Metatrader expert advisor that can trade renko bricks. This EA has a trend detector and can be instructed to buy only in uptrend, or sell in downtrend. It comes with the possibility to use a fixed lotsize or a percentage of the free margin to open the trades, and all the other trade management features that traders use: break-even, stop-loss, take profit, trailing stop etc.
Before 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. 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. You might also need to change the Metatrader’s settings to allow it to generate larger charts. 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.
Don’t close the chart where the renko expert advisor is attached because the EA generates the renko brick chart continuously depending on the price movement.
After the expert advisor loads on the M1 chart and creates the offline renko chart (default timeframe is M2), ‘how to use’ instructions will appear on the left corner of the M1 chart; MetaTrader (and the renko expert advisor) must allow automatic trading. Now click the menu File > Open Offline and choose the M2 chart of the trading instrument where the renko EA is attached.
Any other timeframe name can be chosen for the renko chart, but make sure that it is not one of the Metatrader’s default timeframes (ie not 1, 5, 15, 30, 60 etc).
| Renko EA EA Rating | 9.78 |
| Yield per annum | 41% |
| Max drawdown per annum | 51% |
| Developer | RobotFX |
| Created, year | 2022 |
| Free | |
| Price | $98 |
| Class | middle term, short term |
| Type | grid |
| Lot size | not less than 1000 units per 0.1 of a standard lot |
| Deposit | $100 |
| Leverage | 200 |
| Timeframes | M1, M5 |
| Strategies | own strategy |
| Indicators | own indicators |
| Recommended brokers | RoboForex, Just2Trade, Olymp Trade |
| Trading tool/currency pairs | EURGBP, EURUSD, USDCHF, USDJPY |
| Automatic account type | |
| Indicating | |
| Multiple usage | |
| Mini deposits | |
| Max risk limitation | |
| ECN | |
| NDD | |
| Several one-way series | |
| Auto start lot | |
| Fixed stop loss | |
| Fixed takeprofit | |
| Automatic lapse expansions |
Forex EAs 2025
| Forex Advisor | Deposit | Yield | |
| 1 | EcoTrade Forex Robot | $100 | 15% |
| 2 | ScalperX | $500 | 40% |
| 3 | FXCipher | $300 | 10% |
| 4 | CarinaBot | $100 | 52.32% |
| 5 | Fortnite | $500 | 135% |
| 6 | Tickeron AI robot | $100 | 117% |
| 7 | Learn2Trade | $1000 | 160% |
| 8 | Auto Recovery EA | $100 | 37% |
| 9 | Coinrule | $1000 | 270% |
| 10 | Forex Trendy | $250 | 90% |
| 11 | FX BlasterPRO | $1000 | 180% |
| 12 | Waka Waka | $100 | 74% |
| 13 | Renko EA | $100 | 41% |
| 14 | EliteFxgo | $1000 | 30% |
| 15 | Stairsteps EA | $100 | 29% |
| 16 | 1000pip Climber System | $500 | 77.3% |
| 17 | Happy Breakout EA | $100 | 8.5% |
| 18 | Happy Galaxy EA | $2000 | 5% |
| 19 | Happy Neuron EA | $5000 | 5% |
| 20 | Golden Pickaxe | $100 | 19.39% |
| 21 | EA Builder | $1000 | 119.8% |
| 22 | Perceptrader AI | $100 | 10% |
| 23 | Evening Scalper Pro | $100 | 78.84% |
| 24 | Odin Forex Robot | $2000 | 57% |
| 25 | Night Hunter Pro | $100 | 71% |
Key Factors to Consider When Choosing a Forex Advisor. Risk Management. Fees and Costs. Compatibility with Your Trading Style.
This article explores the benefits and risks associated with using Forex Expert Advisors, providing insights into how traders can maximize their potential while mitigating potential downsides.
By prioritizing factors such as overall rating, regulatory compliance, trading conditions and platform reliability traders can make an informed decision that aligns with their trading needs and aspirations, setting the stage for a potentially prosperous trading journey.
An annual roundup reviewing the most successful Forex Expert Advisors (EAs) based on their performance, strategies employed, reliability, and user feedback. This piece would provide insights into which EAs have been market leaders and why.
The concept of automated trading has been around for decades, but the accessibility and sophistication of Forex EAs have seen significant advancements in the past few years. Initially, automated trading systems were rudimentary, focusing on simple indicators like moving averages.
Expert Advisors (EAs) Rating features high-quality Free and paid Forex EA most popular on the market today.
© 2006-2025 Forex-Ratings.com
The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.
