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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 MetaTrader API?

MetaTrader API is a robust trading infrastructure that connects all your MetaTrader 4 and MetaTrader 5 accounts through one unified REST API, empowering traders to automate and scale operations without relying on terminals or EAs. It offers real-time access to positions, orders, and pricing data, enabling instant trade execution and modification with unmatched accuracy. Built for speed and stability, it delivers ultra-low latency (under 50ms) and 99.95% uptime through its global network of 11 data centers. Users enjoy unlimited API calls, multi-account connectivity, and dedicated cloud servers for high-frequency or institutional trading. With bank-grade 256-bit encryption, GDPR compliance, and full user data control, MetaTrader API ensures maximum security and privacy. The infrastructure supports over 10,000 simultaneous accounts, making it ideal for brokers, trading communities, and automation developers. Traders can scale globally thanks to coverage across 196 countries, supported by localized account managers and 24/7 customer service. Integration is plug-and-play, with full documentation and deployment possible in under 30 minutes. The transparent, flat-rate pricing model offers predictable costs and flexibility across single-use, Pro, and enterprise packages. Whether you're an algo trader, broker, or fintech startup, MetaTrader API transforms complex multi-platform management into a seamless, automated experience.

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

€10/account/month
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

MetaTrader API

Date Founded

2024

Company Location

Cyprus

Company Website

metatraderapi.dev/

Categories and Features

Categories and Features

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