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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 Truck?

Forex Truck is an autonomous trading robot that functions independently without the need for manual intervention. With its cutting-edge strategies and algorithms, it can easily integrate with any broker, eliminating the need to search for one with specific trading conditions—any broker works perfectly fine. Furthermore, Forex Truck is designed to be compatible with both MetaTrader 4 and MetaTrader 5 platforms, allowing users who purchase a single license to access both versions (MT4 and MT5) at no additional cost. The first aspect of this system is centered around executing trades by pinpointing optimal entry points while using a fixed lot size. Based on the signals generated by its algorithm, it can either execute a single order or place a second one, ensuring that every trade is continuously monitored to maximize potential profits. This remarkable level of automation and adaptability truly distinguishes Forex Truck in the trading landscape, making it an appealing choice for both novice and experienced traders alike. As a result, users can expect a more efficient trading experience with reduced manual oversight.

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

$329 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

Forex Truck

Company Website

forextruck.com

Categories and Features

Categories and Features

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