Renko Logic

Renko Logic

Overview

This Expert Advisor implements a complete Renko-based trading system with custom brick calculation, visual display, and automated trading logic.

-The EA only for Rent unlimited Version coming soon.

Features

1. Renko Engine

• Custom Renko Calculation: Built from scratch, no offline charts needed
• No Repainting: Uses only closed Renko bricks
• Configurable Brick Size: Set in points via input parameters
• Real-time Brick Formation: Automatically detects and creates new bricks

Choosing Brick Size:

• Forex Major Pairs: 50-150 points (5-15 pips for 5-digit brokers)
• Gold (XAUUSD): 100-300 points ($1-$3)
• Stock Indices: Adjust based on point value
• Crypto: 1000-5000 points (depends on price)

Risk Management Tips

1. Brick Size Selection

• Smaller Bricks (50-100): More signals, more trades, faster exits
• Larger Bricks (200-500): Fewer signals, longer trades, bigger moves
• Test First: Use Strategy Tester to find optimal size

2. Lot Size

• Start with minimum lot (0.01)
• Calculate based on account size and brick size
• Consider that exits are immediate on opposite brick

3. Symbol Selection

• Best Results: Trending markets with clear directional moves
• Avoid: Ranging/choppy markets (generates false signals)
• Recommended: XAUUSD during trending sessions

4. Timeframe

• EA works on 1min&5min timeframes
• Recommended: VPS latency under 2ms & raw spread
• Brick formation depends on price movement, not chart timeframe
• The news filter only works on real live trade 
• VERY IMPORTANT Change allowed symbols depending on your broker symbol type for XAUUSD (ex: XAUUSD.s , XAUUSDm......etc)