Renko level indicator

Renko Level EA – EA MetaTrader 5

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The EA uses indicator Renko Level (the indicator must be in the MQL5\Indicators\MyInd\ folder)

Renko level indicator

Inputs

  • Lots (or “Lots”>0 and “Risk”==0 or “Lots”==0 and “Risk”>0) – constant lot size
  • Risk (or “Lots”>0 and “Risk”==0 or “Lots”==0 and “Risk”>0) – lot size is calculated dynamically
  • Size of block – “block” size
  • Reverse – flagging the reverse of signals for opening positions
  • Increase – flagging to incrase the positions
  • magic number – the unique EA identifier

An example for AUDUSD,M1:


Renko Level EA – expert for MetaTrader 5
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