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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 FXCharger?

The FXCharger EA is an automated Forex trading system that is compatible with both MetaTrader 4 and MetaTrader 5 platforms, designed to execute trades on a daily basis. Each trade comes with a unique take profit level that the EA adjusts dynamically according to prevailing market conditions to enhance profitability. The system is adept at calculating take profit levels, ensuring trades close with a profit and adhering to a consistent strategy while keeping the duration of active orders to a minimum, typically within 1 to 4 days. In addition to this, every trade is equipped with a stop loss, which is determined by sophisticated technology that ensures losses do not exceed predetermined limits, even during system malfunctions. This stop loss feature protects your account from experiencing severe drawdowns, providing a safeguard against potential disruptions such as internet outages or terminal crashes, thus granting traders reassurance while they navigate the market. By incorporating these advanced functionalities, FXCharger EA strives to deliver an experience that not only prioritizes profitability but also emphasizes security and reliability for traders. Ultimately, the system aims to empower traders with confidence as they engage in their trading endeavors.

Media

No images available

Media

Integrations Supported

MetaTrader 4
MetaTrader 5

Integrations Supported

MetaTrader 4
MetaTrader 5

API Availability

Has API

API Availability

Has API

Pricing Information

$98
Free Trial Offered?
Free Version

Pricing Information

$385 one-time payment
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

FXCharger

Company Website

fxcharger.com

Categories and Features

Categories and Features

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