For the operation of the EA, there is no need to attach any indicator on your Renko chart. But if you would like to visualize (and verify) the operation of the EA, you can attach MA indicators with the same settings for the EA.

Lets Automate a Simple Renko Strategy!

Hello arsudib, The entry logic of the EA is based on Renko price action and the relative distance of the last Renko bar's close price (RBCP) and two moving averages (MA) values. If a bearish Renko bar followed by two Renko bullish bars, and RBCP is ...

Lets Automate a Simple Renko Strategy!

Probably because price jumped, for some explanation see this Post.

Lets Automate a Simple Renko Strategy!

According to the strategy in Post 1, TWO candles (of the same color) must be CLOSED, in your charts the second candle is still open, not closed! Be patient!

Lets Automate a Simple Renko Strategy!

This is the best result from the backtest... Seems that one Moving Average is enough, but I kept two MAs since the EA is based on the strategy in Post 1.

Lets Automate a Simple Renko Strategy!

Use Non-gap EA Version 1.3...

Lets Automate a Simple Renko Strategy!

Hi dafa, In the backtest, checking for fast MA being below/over the slow MA worked better.

Lets Automate a Simple Renko Strategy!

Here is Version 3.10 of the EA that checks whether fast MA is below/over the slow MA to open SELL/BUY positions. I removed both the stochastic filter and checking for the slope of the MAs since they do not help much. Note 1: This version only works ...

Lets Automate a Simple Renko Strategy!

As long as it works fine with Renko Mod, no need to use Non-gap! However, the newer versions won't work without Non-gap charts....

Lets Automate a Simple Renko Strategy!

Version 1.3 of Non-gap Renko Chart Creator EA released.

Lets Automate a Simple Renko Strategy!

On some Windows platforms, Version 1.2 freezes and doesn't update the offline chart. I fixed this issue in Version 1.3 (see Post 1).

Non-gap Renko Chart Creator EA

It is really strange! Anyway, I'm developing, testing and debugging the EA based on my own Renko Creator. So, the newer versions may work with other Renko Creators, but I cannot guarantee...

Lets Automate a Simple Renko Strategy!

If you uncheck "Offline chart" on the Renko chart and restart the MT4 platform, at start up the MT4 platform tries to connect to the server and update all charts that are not offline, since there is no data for M2 chart on any broker server, the MT4 ...

Lets Automate a Simple Renko Strategy!

Mmmm... Did you uncheck "Offline chart" option on the Renko chart? The EA opened two positions on my VPS today...

Lets Automate a Simple Renko Strategy!

Please check the EA's Stochastic filter settings and make sure that they match to those you use on your chart (8,2,3).

Lets Automate a Simple Renko Strategy!

Version 1.2 of the EA that fixes some bugs released.

Non-gap Renko Chart Creator EA

Good observation! I fixed some bugs in the code, and released Version 1.2 which is more stable.

Lets Automate a Simple Renko Strategy!

I run everything on my VPS.

Lets Automate a Simple Renko Strategy!

10, Simple, Close

Favorite MA for the 1H Time Frame?

Probably because the Stochastic value is above overbought area.

Lets Automate a Simple Renko Strategy!