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What is Renko EA?

Renko Expert Advisors consist of two distinct Metatrader tools: the Renko Chart EA, which generates renko charts, and the Renko Trader EA, which facilitates trading based on these renko brick charts. The primary capabilities of the Renko EAs include the ability to create offline Renko charts using custom names like M2, M3, and M4, while avoiding the standard M1, M5, M15, or M30 configurations. These Renko charts need to be consistently updated to enable traders to execute manual trades or to utilize expert advisors for automated trading. Additionally, the system can utilize the Parabolic SAR (PSAR) to determine when to open or close trades based on the color of the Renko bricks. The Renko Charts EA serves as a MetaTrader expert advisor that allows users to create and utilize Renko bar charts, which are not natively available in MT4 since it primarily relies on candlestick, line, and bar charts. Meanwhile, the Renko Trader EA is designed to trade these Renko bricks, helping users identify market trends and providing the option to buy during an uptrend or sell when a downtrend is detected. Ultimately, both tools enhance trading strategies by incorporating the unique characteristics of Renko charts, allowing traders to make more informed decisions in the market.

What is AX Trader?

AX Trader utilizes a unique hybrid methodology that merges Fibonacci analysis with trend evaluations to carry out frequent and accurate trades in six primary currency pairs. Operating on the Meta Trader 4 platform, it concentrates on pairs such as EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY, and USDCHF. Its automated system allows for the initiation and completion of trades without the need for constant monitoring by the user. The use of advanced news detection technology further improves its capability to take advantage of significant market fluctuations. Specifically engineered to pinpoint the dominant trend, AX Trader adeptly adjusts entry points utilizing Fibonacci information. It skillfully manages each trade, ensuring profits are secured while also working to intelligently grow the trading account. Installation is user-friendly and beginner-friendly, enabling individuals to set it up on their broker's platform, after which it autonomously oversees trade execution, management, and closure. This effortless operation allows traders to concentrate on other priorities in their lives while still reaping the benefits of market opportunities. Additionally, the system's design promotes a stress-free trading experience, making it accessible even for those with limited trading knowledge.

Media

No images available

Media

Integrations Supported

MetaTrader 4

Integrations Supported

MetaTrader 4

API Availability

Has API

API Availability

Has API

Pricing Information

$98
Free Trial Offered?
Free Version

Pricing Information

$297 per year
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

RobotFX

Date Founded

2006

Company Location

United Kingdom

Company Website

www.robotfx.org/p/renko.html

Company Facts

Organization Name

LeapFX

Date Founded

2012

Company Website

www.leapfx.com/ax-trader/

Categories and Features

Categories and Features

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