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Renko Fractals Grid Metatrader 4 Forex Robot

    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.

    Free Download

    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.

    Overall Performance

    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.

    Statistics:

    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

    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

    Installation

    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)