The Renko Fractals Grid Metatrader 4 Forex Robot is an algorithmic trader that deploys the Renko box on the Metatrader 4 activity chart.
The EA executes trades based on renko charts with upper and lower fractals.
Once they’re formed and price touches the points where there was a fractal, the EA’s logic signals an entry (either buy or sell).
It is recommended to use the Renko Fractals Grid EA on the 1 hour chart and below (M30, M15, M5).
Feel free to experiment with the EA’s settings.
Download the “RENKO FRACTALS GRID.mq4” MT4 robot
Strategy Tester Report
Find below the Renko Fractals Grid forex robot strategy tester report for the EUR/USD forex pair on the 1-Hour chart.
The EA made a total profit of $10697.28 from a total of 228 trades. The largest winning trade generated $785.39 in profits, while the largest losing trade generated a loss of-$437.03.
Bars in test: 32722 ticks modelled
Initial deposit: $10000.00
Total net profit: $10697.28
Total trades: 228
Largest profit trade: $785.39
Largest loss trade: -$437.03
Consecutive wins: 7
Consecutive losses: 1
Download the “RENKO FRACTALS GRID.ex4” Metatrader 4 robot
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable atr indicator, Renko box size, candles, Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Renko | Fractals
Copy and paste the RENKO FRACTALS GRID.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)