Trading robot · MT5

Renko EMA Trading EA

by NOVESH-CREATE

This MetaTrader 5 expert advisor executes trades based on Renko chart patterns, specifically optimized for Bitcoin markets like BTCUSD.

GitHub stars1
Forks0
Last update4 months ago23 May 2026
LicenceNone stated

Overview

Instead of standard timeframes, the system uses fixed dollar-value brick sizes to filter price noise and identify trends. It features automated risk management through percentage-based lot sizing and a configurable stop loss buffer. The robot is designed for high-frequency environments, and the developer recommends zero-spread accounts to mitigate potential commission costs. Users should note the source code filename suggests this specific version may contain unresolved software bugs.

Details

Author

NOVESH-CREATE on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following

Markets

Crypto

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.

Input parameters

Read from Renko_EMA_Trading_EA with_BUG_1.mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
BoxSizedouble5.0Brick Size ($)
FixedSLBufferdouble1.0Fixed SL Buffer ($0.70 - $2.00)
NumBricksint140Number of Bricks
RiskPercentdouble1.0Risk per trade (%)

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone NOVESH-CREATE/RENKO-VIEW-GODZIE- from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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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