Renko-Fractals-Grid - expert for MetaTrader 4

Renko-Fractals-Grid – EA MetaTrader 4

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This EA uses “Renko” box size on MetaTrader 4 chart. When a Renko box is created (not visible, only calculated in pips) and price reaches the level where there was a fractal, the EA enters a trade, has Trailing Stop Loss &Take Profit works on all time frames major forex pairs and stocks NASDAQ.

Try it on demo first.

This EA trades only with the price of open candle!

If you do not want to trade with increasing lot size when you lose  a trade set:”IncreaseFactor=0″

Inputs

  •  Use_TP_In_Money– Use Take Profit In Money (values:true/false).
  •  TP_In_Money– Take Profit In Money   (values: 10-100).
  • Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
  • TP_In_Percent– Take Profit In Percent (values: 10-100).
  • Enable_Trailing-Enable_Trailing with money  (values:true/false).
  • Take Profit In Money (in current currency) (values: 1-100).
  • Stop Loss In Money(in current currency) (values: 1-100).
  • Atr – Enable ATR indicator value as Renko box size (values: 0-1).
  • BOX1 – Renko box size in pips (values: 5-100).
  • CandlesToRetrace – Number of candles to wait for Renko box (values: 10-100).
  • Exit=Enable Exit strategy (values:true/false).
  • Lots – Lots size (values: 0.01-1).
  • Lots size Exponent  (values: 1.01-2).
  • IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
  • Stop_Loss – Stop Loss (values: 30-500).
  • MagicNumber – Magic number (values: 1-100000).
  • TakeProfit – Take Profit (values: 50-200).
  • UseEquityStop –  (values: true).
  • TotalEquityRisk- (values: 0.01-5).
  • Max_Trades(1-5). 
  • IF YOU USE ONLY 1 TRADE:
  • //////////////////////////////////////////////////
  • TrailingStop-set a value from 40 to 100 to activate trailing stop loss & take profit, “0” will not activate trailing stop loss.
  • Enable “Break Even” -(values:true/false).
  • When move “Break Even”- (values: 5-30).
  • How much pips move- “Break Even” (values:5-30).
  • ///////////////////////////////////////////////////////
Alternative:  Fractals Martingale - EA MetaTrader 4

      You need to optimize this EA once  a week and use the exact same  inputs from above .

      You can use it as  hedging grid EA or a single trade EA.

      • How to perform back test:


    Renko-Fractals-Grid


    Renko-Fractals-Grid – expert for MetaTrader 4
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