This repository features a diverse collection of expert advisors and trading utilities for MetaTrader 4 and MetaTrader 5. It includes automated robots based on trendline analysis, session breakouts, and technical indicator crossovers using MACD, RSI, and Williams Percent Range. The library provides various tools for ri
Collection · MT5
Median and Turbo Renko Bundle
This collection for MetaTrader 5 provides a library and several expert advisors optimized for Renko chart trading.
GitHub stars101
Forks43
Last update3 years ago8 Jun 2023
LicenceGPL-3.0
Latest release3.19.43 years ago
Overview
Median and Turbo Renko Bundle includes a primary automated robot that executes trades based on Renko bar signals, as well as specific examples for moving average and price crossovers. The included tools offer robust trade management features such as fixed or trailing stop losses, take profit targets, break-even triggers, and partial closing. Traders can also filter entries by time of day and require multiple confirmation bars before opening positions.
- Renko chart automated trading signal execution
- Trailing stop and break-even management
- Configurable trading time windows
- Partial close functionality at profit targets
- Moving average crossover signal integration
Details
Author
9nix6 on GitHub
Type
Collection
Platform
MetaTrader 5 (MQL5)
Strategy
Trend following, Indicator crossover, Breakout
Markets
Forex
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Topics
medianrenkomedianrenkopointomql5mqleaforexforex-trading
Input parameters
Read from PriceMA_Cross.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Lots | double | 0.1 | Traded lots |
StopLoss | uint | 0 | Stop Loss |
TakeProfit | uint | 0 | Take profit |
ConfirmationBars | int | 1 | Signal confirmation bars |
PrevSignalBars | int | 1 | Prev. signal confirmation bars |
ValidTradeDirection | ENUM_TRADE_DIRECTION | TRADE_DIRECTION_ALL | Valid trading type |
CloseTradeOnSignalChange | bool | true | Close trade on signal change |
ForceSR | bool | false | Force Stop & Reverse |
Start | string | 9:00 | Start trading at |
End | string | 17:55 | End trading at |
CloseTradeAfterTradingHours | bool | true | Close trade after trading hours |
InpBEPoints | int | 0 | BreakEven (Points) [ 0 = OFF ] |
Show all 22 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpTrailByPoints | int | 0 | Trail by (Points) [ 0 = OFF ] |
InpTrailStartPoints | int | 150 | Start trailing after (Points) |
InpPartialCloseAtProfitPoints | int | 0 | Partial close at (Points) [ 0 = OFF ] |
InpPartialClosePercentage | int | 50 | Partial close % |
MagicNumber | ulong | 8888 | Assign trade ID |
DeviationPoints | ulong | 0 | Maximum defiation (in points) |
ManualTickSize | double | 0.000 | Tick Size (0 = auto detect) |
NumberOfRetries | int | 50 | Maximum number of retries |
BusyTimeout_ms | int | 1000 | Wait [ms] before retry on busy errors |
RequoteTimeout_ms | int | 250 | Wait [ms] before retry on requotes |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone 9nix6/Median-and-Turbo-Renko-indicator-bundle from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts, and any .mqh files into the Include folder the code expects.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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