RobotFX curates the best open-source MetaTrader code to inspire your trading automation.
How it works
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- A slow Renko stream defines the current direction.
- A fast Renko stream provides the entry trigger.
- Both streams use classic two-brick reversal logic and are built internally from BID ticks.
- A trade is allowed only when the fast and slow Renko directions agree.
- The position is closed by a short price target, stop, opposite fast Renko reversal, or maximum holding time.
- After an exit, a short Renko cooldown is applied before another entry.
- Only one position on the symbol is allowed.
- A simple spread filter blocks entries when the spread is too large relative to the fast brick.
Default inputs
Fast Brick Size = 21
Slow Brick Size = 39
Entry Run Bricks = 1
Take Profit = 1.4 fast bricks
Stop Loss = 2.1 fast bricks
Maximum Hold = 200 minutes
Cooldown = 3 fast bricks
Maximum Spread Fraction = 0.57
Lots = 0.01
Example Strategy Tester run
Broker: RoboForex-ECN
Symbol: XAUUSD
Host timeframe: M1
Model: Every tick based on real ticks
Period: 2026-05-01 to 2026-08-24
Initial deposit: 10,000 USD
Leverage: 1:500
Lot: 0.01
History quality: 100% real ticks
Trades: 79
Net result: +589.34 USD
Profit Factor: 2.27
Maximum equity drawdown: 118.64 USD (1.18%)
Winning trades: 64.56%
The example above is a historical demonstration. The default parameters were selected for this demonstration and are not evidence of a persistent trading edge, a recommendation, or a promise of future profitability.
The chart timeframe is only a host. Renko construction is driven by incoming ticks, not by M1 bars.
No external libraries, DLLs, indicators, custom symbols or offline Renko charts are required.
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