You are currently viewing Renko Bars Price Action EA MPGO ver 3.1.5.8.3

Renko Bars Price Action EA MPGO ver 3.1.5.8.3

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To generate Renko Charts M2(Offline) for Renko Bars Price Action EA please use your soft or soft we attached in Experts called RenkoChatrsSuite

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//———- PARAMETERS RENKO BARS M2 FILTER ————————
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TypeRenkoBarsM2 =2; // 0-EA not use Renko Bars Filter. 1-How much consistent ColoredRenkoBars must be in History before current not closed renko bar. 2-EA look at LastRenkoBarsHist=5 or 4 or 3 to dedicate much not consistent ColoredRenkoBars was in this History to make trend entry (Posible combinations for TypeRenkoBarsM2=2 : [2:3] [3:4] [3:5] [4:5] )
ColoredRenkoBars = 2; // How much renko bars (consistent or not consistent dipends from TypeRenkoBarsM2=1 or 2 choosed) EA need to dedicate at LastRenkoBarsHist bars for signal entry
LastRenkoBarsHist = 3; // How much renko bars EA look in history without including Current Bar – this value can be [max 5, 4, 3 min] and will not be used in TypeRenkoBarsM2=1 (TypeRenkoBarsM2=2)
Renko_TF = 2; // do not change this Parameter if you opened all Renko Charts (generated by some other EA) at M2 and this pairs posted in parameter PairsForTrading. If you will choose standard timeframes 1 5 15 30 60 240 1440 – in this case EA will do price action trading at this TimeFrames using same logic without renko bars
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Examples:
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TypeRenkoBarsM2 =1  ( you can use up to 5 consistent numbers of colored renko bars in history before current bar )


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TypeRenkoBarsM2 =2 (you can use up to 5 not consistent numbers of colored renko bars in history before current bar )

Possible combinations :
a) 2 from 3

3 from 4 – bla bla bla..

3 from 5 – bla bla bla..

4 from 5 :


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Ny name is Alex! Wellcome at FXPIP.ONE ! I like to develop Protected forex MQL Software for your profitable trading! ) Have a good profit !

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