If you're on the hunt for a reliable trading assistant, the Renko Level EA might just be your next go-to tool! This Expert Advisor leverages the Renko Level indicator, which you’ll need to place in your MQL5\Indicators\MyInd\ folder for it to function smoothly.
Key Inputs for the Renko Level EA
- Lots: Set a constant lot size for your trades (choose either "Lots" > 0 and "Risk" = 0 or "Lots" = 0 and "Risk" > 0).
- Risk: Opt for dynamic lot sizing based on your risk settings (similar conditions as above).
- Block Size: Define the size of the trading block for your positions.
- Reverse: Toggle this to flip the signals for opening positions.
- Increase: Enable this to scale up your positions when needed.
- Magic Number: Assign a unique identifier to your EA for easy tracking.
Here's a practical example using AUDUSD on the M1 timeframe:
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