About the Renko Fractals Grid Expert Advisor
The Renko Fractals Grid EA is an advanced MetaTrader 4 Forex Robot designed to provide automated trading using Renko chart patterns combined with a fractal grid strategy.
It identifies precise entry points, follows market trends, and manages positions efficiently to optimize potential profits while controlling risk.
This Expert Advisor analyzes price action on Renko charts, detecting fractal formations to determine high-probability trading zones.
Free Download
Download the “RENKO FRACTALS GRID.mq4” MT4 robot
Key Features
Renko Chart Trading
Trades are executed based on Renko chart patterns, filtering out market noise and focusing on significant price movements to improve trade accuracy.
Fractal Grid Strategy
The EA identifies fractal highs and lows and creates a grid of positions around these key points, increasing the chance of capturing profitable reversals or continuations.
Automated Trade Management
The Renko Fractals Grid EA automatically opens, modifies, and closes trades based on fractal formations, predefined lot sizes, and risk parameters without manual intervention.
Customizable Parameters
Users can configure lot sizes, take-profit and stop-loss levels, grid spacing, fractal sensitivity, and maximum positions to align with their trading strategy.
Multiple Currency Pair Support
The EA works on major and minor currency pairs, allowing traders to diversify their portfolio and apply the strategy across various markets.
Strategy Tester Report
Find below the Renko Fractals Grid forex robot strategy tester report for the EUR/USD forex pair on the 1-Hour chart.
Key Performance
The EA made a total profit of $10697.28 from a total of 228 trades.
The largest winning trade generated $785.39 in profits, while the largest losing trade generated a loss of $437.03.
Statistics:
Bars in test: 32722 ticks modelled
Initial deposit: $10000.00
Total net profit: $10697.28
Total trades: 228
Largest profit trade: $785.39
Largest loss trade: -$437.03
Consecutive wins: 7
Consecutive losses: 1
How the EA Works
- Monitors Renko charts to detect fractal highs and lows.
- Places grid orders around key fractal points.
- Opens trades automatically when conditions are met.
- Adjusts positions based on market movements and predefined risk settings.
- Closes trades when take-profit, stop-loss, or breakeven conditions are reached.
Download Now
Download the “RENKO FRACTALS GRID.ex4” Metatrader 4 robot
Parameters & Settings
- Lot Size: Set the volume of each trade.
- Fractal Sensitivity: Define how strictly fractals are detected.
- Grid Spacing: Distance between grid trades in pips.
- Take Profit: Profit target per trade or grid sequence.
- Stop Loss: Maximum allowable loss per trade.
- Max Positions: Limit the number of open trades in the grid.
Recommended Trading Setup
- Use major currency pairs like EUR/USD, GBP/USD, and USD/JPY.
- Apply the EA on M15 to H1 timeframes for optimal performance.
- Test settings on a demo account before live trading.
- Ensure a stable internet connection and low-latency broker execution.
FAQ
Can the EA trade multiple currency pairs simultaneously?
Yes, the Renko Fractals Grid EA can be applied to multiple charts simultaneously, with separate settings for each pair.
Can I adjust the grid settings?
Yes, grid spacing, lot size, and max positions are fully customizable to match your risk tolerance and trading strategy.
Is this EA suitable for all timeframes?
While it works on any timeframe, M15 to H1 are recommended for the best results using Renko charts.
How does the EA handle losing trades?
The fractal grid strategy allows the EA to open counter positions, reducing drawdowns and recovering losses efficiently.
Summary
The Renko Fractals Grid EA for MetaTrader 4 combines Renko chart analysis with a fractal grid strategy to deliver automated, high-probability trades.
Regular monitoring and demo testing are recommended to optimize its performance and fully leverage its advanced algorithm.
