Renko 2.0 Offline: Free MT5 Expert Advisor

Overview

Instead of time-based intervals, it creates price-based bricks according to user-defined sizes in ticks, pips, or points. The expert advisor includes options for asymmetric reversals, market book monitoring, and the visualization of wicks and brick open times. It serves as a chart generator rather than a trading robot, requiring an M1 chart to process incoming tick data into an offline or custom symbol view. The documentation is minimal.

Customizable brick size using ticks or pips

Optional asymmetric reversal logic

Real-time market book synchronization

Display of wicks and brick timestamps

Details

Author

victorratts13 on GitHub

Type

Utility

Platform

MetaTrader 5 (MQL5)

Markets

Any symbol

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

renko2offline.mq5

Source

github.com/victorratts13/Renko_2.0_Offline

Input parameters

Read from renko2offline.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`RenkoSymbol`	`string`		Symbol (Default = current)
`RenkoType`	`ENUM_RENKO_TYPE`	`RENKO_TYPE_TICKS`	Type
`RenkoSize`	`double`	`20`	Brick Size (Ticks, Pips or Points)
`RenkoWicks`	`bool`	`true`	Show Wicks
`RenkoTime`	`bool`	`true`	Brick Open Time
`RenkoAsymetricReversal`	`bool`	`false`	Asymetric Reversals
`RenkoWindow`	`ENUM_RENKO_WINDOW`	`RENKO_CURRENT_WINDOW`	Chart Mode
`RenkoTimer`	`int`	`1000`	Timer in milliseconds (0 = Off)
`RenkoBook`	`bool`	`true`	Watch Market Book

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone victorratts13/Renko_2.0_Offline 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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