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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 Heiken Ashi EA?

The Metatrader Heiken Ashi expert advisor enables traders to align their strategies with market trends and facilitates trade entries and exits through the Heiken Ashi indicator. Additionally, it provides the capability to monitor the performance of successful trades based on various metrics, including percentage gains, ATR, and moving averages alongside PSAR and Heiken Ashi signals. Key functionalities of the Heiken Ashi system include the ability to identify market trends using the RobotFX Heiken Ashi indicator across multiple timeframes, with the option to disable the trend detection feature if desired. Traders can implement the Heiken Ashi trading strategy by opening and closing positions in response to shifts in the color of the Heiken Ashi candles. Moreover, users can assess their profitable trades through several analytical tools, including Heiken Ashi candles, moving averages, PSAR, ATR, and fractals. Trade management is streamlined through features that allow the placement of StopLoss and TakeProfit orders, along with options for TrailingStop and BreakEven adjustments. Ultimately, the RobotFX Heiken Ashi strategy is designed to empower traders to effectively capitalize on prevailing market trends while maintaining a disciplined approach to risk management.

Media

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Media

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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

$279
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

RobotFX

Date Founded

2006

Company Website

www.robotfx.org/p/heiken-ashi.html

Categories and Features

Categories and Features

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