Renko Scalper EA –
Renko Scalper Robot
Looking for simple, profitable, easy and safe trading system? This EA will do the job. Presenting to you our long waited, tested and finally released Renko Scalping Strategy system. A fully automated trading system which will allow you to trade with any pair more clearly and easily then ever before. It will be perfect for beginners who want to grow their accounts fast as well as for professionals who wants to to trade multiple pairs with bigger accounts. Who doesn’t love Renko charts? They are not just great for removing the noise and stress from your trading, but also brings you clearness to your charts and easy understanding about the trend. Since Renko charts are very accurate when predicting the movements just from tracking the bars color, it is much easier to predict the trend direction as well. Combined with our Scalping Engine this EA shows great results!
What is Renko Charts?
Renko charts are a chart type that only measures price movement, it does not have any sense of time! Only the price movement is important here, so all the unnecessary noise is filtered out. The word renko is derived from the Japanese word “renga” which means “bricks”. Not so coincidentally, renko charts are constructed from a series of bricks whose creation is determined by fluctuations in price. The concept of renko bars is very straightforward. First, the size of the bricks is pre-determined by the user. Once price moves more than the user defined “brick size” either above or below the most recent brick, a new brick is added to the chart. Look how much cleaner and nicer chart looks compared to simple candles chart:
Traders who use Renko charts typically do so because they are easy to use and interpret. They are also different than a typical candlestick chart because they filter out all other variables besides price movement. There are many uses for Renko Charts. Some of the more popular are; discovering basic support and resistance levels, breakouts, and generating signals with additional indicators.
As for the testing we have chosen JPY pairs since it usually moves more than others and we could get some profit faster. But it is also recommended to use it on low spread pairs such as EUR/USD. Test was performed on live account using our partners PaxForex broker. Initial balance was as low as $89. After one week of live trading we had more than 2 times bigger balance with 0 draw down! Which is about +100%/weekly or ~400% of profit per month. Bellow you can see EA performance on live account statement. Software was running every day and it is still running with successful profits (we are updating this information, please follow our social networks to get latest information and updates). EA will come with same settings used for our live test by default.
How to install and use EA video:
How it works?
So how it really works? EA entry points are simple but effective. As you can see from the picture Scalper EA strategy contains Renko charts of 10 pips per bar and Simple Moving average of 100. Renko bars will be the main entry trigger, but it has to be confirmed by the best classical indicator – 100 simple moving average. Robot will never enter the market against the trend. EA will enter the market in such conditions:
- SELL – Price is bellow the moving average, at least two red renko bars have formed in a row.
- BUY – Price is above the moving average and at least two green bars have formed in a row.
You can also reverse EA to trade in opposite way. Scalper EA can also use trailing stop, so you could capture even the smallest profit. Looks simple right? It is very simple and easy, but very accurate and effective!
What makes this EA special?
- Special Renko bars system which allows to run Expert Advisoros on the chart, usually its not possible to run the EA on Renko chart. Now its fully possible!
- New intuitive user interface which lets easily control and track the trading processes of Renko Scalper EA
- Possible to trade in multiple pairs at the same time which minimizes the risk and can produce even more profit
In users manual guide you will find all the information and explanation for each parameter that this EA has. Each field is explained, what it does and how it would effect your trading. You may Download it and read here for free:
Every version of our software is able to trade with any time frame and any currency pair as well as stocks, metals etc.. All our EA’s can even trade multiple pairs at the same time separated by magic number. The software has special memory system which creates memory files and logs the trading process, so you never lose your trading cycle in case of platform crash or any connection problems.
Like it, want it?
Start earning profit at the professional level. Get your own copy of: Renko Scalper EA. Robot is already adjusted in best settings, so you can use it on default settings, or change it by your own needs. Each parameter is explained in users manual guide. The package contains easy setup file which will automatically install and set all needed components for your MetaTrader4 platform. You will be able to use your EA within a minutes as soon as you make a purchase!
EA is available in various options to Buy:
|1 account Lifetime version.||3 accounts Lifetime version.|
|1 account version. You will be able to use this EA for 1 account with any broker.||3 accounts version. You will be able to use this EA for up to 3 accounts with any broker. You can add or remove accounts inside EA anytime.|
UPDATES list for this EA (click for details):
Note: for all users who already own older versions, new versions is free! You can get the updated files by logging in to your account and re-downloading them from you payment history.
- Go to: Login->Purchase History
- Click View Details and Downloads in the Details section
- In the Products section you will see your product Name, click on it and latest version will be downloaded.