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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 CarinaBot?

CarinaBot is a cutting-edge trading robot powered by artificial intelligence, specifically engineered to streamline your trading tasks within the forex market. Utilizing advanced algorithms and robust data analysis, CarinaBot meticulously analyzes market conditions, pinpoints lucrative trading opportunities, and automatically carries out trades for users. It focuses primarily on the EUR/USD currency pair and boasts an intuitive interface that facilitates straightforward setup and personalization. With its comprehensive risk management features and rapid trade execution, CarinaBot aims to enhance your trading performance while safeguarding your account's security. This innovative tool caters to both novice and seasoned traders, providing a smooth and effective way to improve your trading journey and the potential to achieve steady profits. Additionally, CarinaBot constantly updates its strategies to adapt to changing market dynamics, ensuring that users remain competitive in their trading endeavors.

Media

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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

Free
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

CarinaBot

Date Founded

2018

Company Location

United Kingdom

Company Website

www.carinabot.com

Categories and Features

Categories and Features

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