Renko Level EA – EA MetaTrader 5

September 8, 2024February 25, 2024 by

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

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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Alternative: Harami_Alert - indicator MetaTrader 5