In the Renko EA, usually, this EA opens a long position when the last bar is green, and the EA opens a short position when the last bar is red. And when the opposite color bad appears the trade will automatically be closed with a profit or loss.
In the Renko combo, You will get Renko scalping pro 3.6 v, fast scalper pro 4 v., Rsi Renko scalper, Renko CSV indicator, Renko original chart indicator. You cannot find this combo for free anywhere else online. You can test all of them and find out your best suited to use every day.
This Renko EA or combo only works on the mt4 platform. You can use any broker, but we recommend icmarkets because of the low spreads. Usually, a 1H chart providing the use of good results when testing Renko EA, you can test other time frames also.
We always recommend to develop proper money management and follow that money management plan. And you have to have a proper trading plan whether you use EA or not. These are the most important factors for forex trading. You can download the Renko combo for free from the button below.
Recommended Settings:
Recommended balance minimum $500
Initial Lot: $0.01
Time frame: 1 minute