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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 Forex Real Profit EA?

The Forex Real Profit Expert Advisor (FRPEA) is a sophisticated automated forex trading system developed by seasoned traders who are motivated by their aspirations and commitment to achieving steady long-term gains with minimized risks. Manual trading, especially for those lacking sufficient experience, frequently results in significant mistakes like impulsive decisions, extended periods of losses, premature exits from lucrative trades, and revenge trading, which can drastically impact one's trading capital. Exercising patience in waiting for the best trading opportunities is essential, as is having the discipline to enter and exit trades at the ideal times. Our forex robot offers a practical remedy by using technical indicators to execute trades, allowing traders to unwind and engage in leisurely activities, such as enjoying a day at the beach. While it doesn't guarantee success, this tool provides traders with the necessary resources to assess market situations, apply suitable strategies, and effectively manage risks, ultimately improving the likelihood of profitable trades over time. This approach enables traders to balance their financial activities with other important facets of their lives, maintaining engagement in the market without sacrificing personal time. Ultimately, the FRPEA is designed to empower traders, making the trading process both efficient and enjoyable.

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

$199 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

Forex Real Profit EA

Date Founded

2009

Company Location

United States

Company Website

www.forexrealprofitea.com

Categories and Features

Categories and Features

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