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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 MTeleTool?

For traders aiming to profit from their signals using MetaTrader 4 and MetaTrader 5, this software is specifically designed to meet your needs. Have you thought about the opportunity to generate additional income by sharing your trading insights or signals with friends and family, enabling them to mirror your achievements? Picture a situation where you can trade confidently, with all essential updates automatically sent to your investors, clients, and loved ones. By establishing a paid membership for your clients, you can easily welcome them into your Telegram group. As you carry out trades, your signals will be instantly shared within the group for your members to follow, creating a seamless experience. This setup not only cultivates a source of passive income for you but also assists your clients in reaching their financial aspirations. You can run MTeleTool on a computer or a virtual server without interruption, allowing you to trade effortlessly from any device connected to the internet, be it a computer, smartphone, iPad, or Android device, which guarantees both flexibility and convenience in your trading endeavors. Through this innovative method, you can significantly improve your trading experience while fostering a thriving community around your strategies, making it a win-win situation for everyone involved.

Media

No images available

Media

Integrations Supported

MetaTrader 4
MetaTrader 5
Telegram

Integrations Supported

MetaTrader 4
MetaTrader 5
Telegram

API Availability

Has API

API Availability

Has API

Pricing Information

$98
Free Trial Offered?
Free Version

Pricing Information

$197 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

LeapFX

Date Founded

2012

Company Website

www.leapfx.com/m-teletool/

Categories and Features

Categories and Features

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