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Renko Chart & Renko Trader MT4 EA

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100% of buyers enjoyed this product!


Download Renko Chart and Renko Trader EA to trade forex with confidence and ease. Renko Chart shows you the true direction of the market, while the Renko Trader expert advisor executes the trades.

NFA and FIFO Compatible EA
Supports All Currency Pairs
Compatible with Any Broker
Multiple Live Trading Accounts
Personalized Trading Strategy
Profit Lock and Trailing Features
Profitable Trade Management
Fake Signals Detector
Time, Day and Holiday Filter
Loss Recovery and Hedging
Money and Order Management
Free Updates for Life

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.

  • Create offline renko charts with custom (M) names, such as M2, M3, M4 (but not the default M1, M5, M15, M30)
  • Continuously update these renko charts so the trader can trade manually or attach an expert advisor that trades automaticall
  • Trade with the (PSAR) trend, open/close trades based on renko brick color
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.
How to trade with the trend on renko brick charts in Metatrader
Renko Expert Advisor on AudUsd in downtrend
Trading on renko AudUsd charts uptrend with Renko EA 4 Metatrader
Renko Expert Advisor on AudUsd in uptrend
How to trade with the trend on renko brick charts in Metatrader
Renko Expert Advisor on AudUsd in downtrend

In the pictures above there are examples of renko charts generated by RobotFX Renko Chart. On these charts we have attached the Renko Trader and let it run a few trades. The EA is following the trend determined by the PSAR indicator.

Renko Chart
Renko Chart Settings
Renko Chart Settings
  • Client Email – fill this with your email IF you are using a paid version of this EA on a LIVE account
  • Bar Size – this is the number of pips that the renko bars will have, basically their length
  • Bar Offset – set in pips, may be configured as a positive or negative value and will move the following bricks up or down, respectively
  • Time Frame – the name of the renko chart (2 will create the renko chart named M2, 3 M3 and so on)
  • Show Wicks – whether or not to show the wicks (spikes) on the renko bars
  • Emulate On Line Chart – makes possible to change to line chart, on the renko chart
  • Build Chart Offline – makes possible to generate the renko chart while offline
  • ATR Bars Settings – these are self explanatory and, if Use ATR Bars is set to true, the expert advisor will generate the renko bars based on the ATR (average true range) settings of your choice and – if set to true – its moving average. Mind that, if these are enabled, the EA will ignore the fixed Bar Size value in pips
Renko Trader
Renko Trader Expert Advisor Settings
Renko Trader Expert Advisor Settings
  • Magic Number – assign a unique number to trades opened by this EA so they can be managed by other EAs or allow this EA to manage trades opened by other EAs
  • Enable Lot Size as % of Free Margin – Whether or not to use a percentage of the Free Margin to open the next first trade
  • Lotsize as % of Free Margin – the size of the first opened trade as percentage of Free Margin, if the Lot Size Management (above) is enabled
  • LotSize as Fixed Value – the size of the first opened trade, if the Lot Size Management is set to false
  • Stoploss Buffer (adds to high/low of brick) – the default stop-loss is the highest/lowest of the previous two bricks; add a buffer (pips) and the stoploss will be this distance further from the brick’s low/high
  • Take Profit (pips) – Take profit distance in pips.
  • Trailing Stop (pips) – the distance the price has to move in your favor, for the expert advisor to move the stop-loss
  • BreakEven (pips) – the distance the price has to move in your favor, for the expert advisor to trail the stop-loss
  • Slippage (pips) – distance allowed for the price to move from the open/close/trail order to the execution
  • 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
  • Close trade/s at renko change – whether or not to close opened trade/s when the renko brick changes color/direction
  • 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
  • Follow PSAR trend – whether or not to trade with the trend
  • PSAR step, maximum – PSAR indicator settings to determine the trend
  • Swing Zone Bars – the number of bars to determine the swing zone’s highs and lows)
  • 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. Set to 0 to ignore the swing zone confirmation
  • 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 trade
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).



License Type


After the payment, there are two ways to get the RobotFX product paid for, depending on the license type:

  1. Direct Download : for Standard license type products, the download link will become visible after the payment (registered customers will also be able to find their downloads under Account > Downloads section)

  2. Email Delivery : Extended license type customers are required to send us their trading platform (MT4/MT5) and live trading account numbers (maximum of five) so we can customize their product. The personalized trading tool will be emailed to the customer email as soon as compiled to bound to their account numbers

* Check the Item specifics tab to determine what type of license applies to this product.

RobotFX trading tools are always in .ex4 / .ex5 filetype format. We suggest Trading Robots website to traders looking for open code (.mq4 and .mq5).


Customer reviews

1 review
100% of buyers enjoyed this product!
5 stars
( 1 )
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  1. Richard (verified owner)

    I’ve seen remarkable gains in my portfolio

    1 product


4.8Out of 5 stars

Overall rating out of 30 Google reviews

Manal Alqahtani
5 years ago

It's a very good company and shows that its services are excellent

Johnny Fash Eee
5 years ago


Dgjbxdr Cggcsdj
5 years ago

Great job on the last EA

Awesome service. Thank you RFX

George Simmons
5 years ago

I found the program to be very intuitive and easy to use, even for a beginner like me. The RobotFX team was also very friendly and they took time to help me get started.

Great support and good trading tools

Wilton avendaño
6 years ago

Wow is a great experience all you can see here and easy to understand, fully recommended!

6 years ago

I recommend robotfx for everyone. they are amazing, feeling great!!!!!!!

winners ganar
6 years ago

genial, is very fantastic

Kaveesh dilhara
6 years ago

This Is good......& Nice

debjeet ghosh
7 years ago

one of the best forex trader in the world

Fragio Velper
7 years ago

this is very good , excelent page great

Jorge Medina
7 years ago


Shahin Miah
7 years ago

iits really very very nice

sujina maharjan
7 years ago

very good

Janardan Sharma
6 years ago

Good , amazing , wonderful .

Fatna Bilani
6 years ago

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