MT4 RENKO Bar Trading Robot
with Automated Roulette TRADER Money Management!
Trade ANY Currency Pair, Index or Commodity

MT4 RENKO Trading Robot

Please make sure you are comfortable using RENKO bars before purchasing. See Renko Tutorial. For best results, run this EA from a VPS or dedicated PC so it can run 24/7 without interruption.










































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Only $77 for current Robot customers!
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Works on ANY pair but Includes Presets for EUR/CHF, S&P 500, & German DAX.
2 RENKO Bar Generators Included FREE!
FREE Professional Setup via Remote Login!
Get this robot FREE when you open a Blueberry Markets account!

Strategy Details

This Consecutive Bar RENKO Robot was specially designed to trade on Renko bars or Range Bars. It is extremely versatile in that you can have it layer on a new position at each consecutive bar, either in the bar's direction (trend-following) or against it (counter-trend). Of all the EAs I've ever created, this is my current favorite! RENKO bars create order out of chaos and this EA allows you to easily find and exploit the most common patterns found in your Renko chart. The automated Roulette Trader Money Management is the icing on the cake that magnifies it's profit potential many times over! Watch the Renko Bar Video Tutorial for details.

This EA includes many preset files that you can simply load to generate the results shown on this page. However, the EA properties (settings) allow you incredible control over the trade signals. The signal direction of each bar is independent of all the others so in the EA settings, you can reverse the signal direction at each consecutive bar such as Buy, Sell, Buy, Sell, Buy, Sell to create a grid or hedging strategy, assuming your broker allows hedging. The settings also allow you to choose which consecutive bar to enter a trade on (from 1-10+) and which direction you want the signal at each consecutive bar, as shown in the settings below...

The settings below will enter a trade on the 2nd, 4th, 6th, and 8th consecutive Renko bar in the direction of the bar (Buys on bullish bars, Sells on bearish bars).

The Reverse Entries settings change the signal direction of each bar activated in the settings above it. The settings below will now Sell on Bullish Bars and Buy on Bearish Bars.

Live RENKO EA Trades on 10-Pip Renko Bars with Signal Entries Reversed...

RENKO Trade Signals

S&P 500

S&P 500
RENKO BAR STRATEGIES
Preset Files Included

The S&P 500 strategy shown below (Preset 74b) opens only 1 position at a time on the 6th consecutive bar ONLY. It uses a 2-bar stop-loss and 3-bar profit target with a 62.75% win rate despite wins being larger than the losses. This preset (74b) uses the Cumulative Wins Money Management Strategy with an 8 unit cycle target. Performance has been exceptional since August 2021 through a range of market conditions. See the equity curve below the signals. This preset file is included with your purchase and should run on 700-pt Renko bars. Get this EA FREE when you open a Blueberry Markets account.

Signals from Preset 74b7-Month Equity Curve from Preset 74b

Preset 63b (S&P 500 Stacking Strategy)

This stacking strategy shown below (Preset 63c) uses the Consecutive Wins Money Management strategy with a 22-Unit Cycle Target. Read my ebook to learn my Money Management Strategies. This is a great strategy to enable when the market begins making large one-directional moves, like a market crash. It will continue stacking on positions and increase the lot size at each consecutive bar after the 1st trade opens on the 6th consecutive Renko bar. It will continue to increase the lot size until a win at the cycle target of 22 units (0.22 lots in the backtest below) or a 3-bar stop-out, whichever comes first. The Exit Strategy used in this model (preset 63c) is an SMA cross-over in the direction of profit. This preset file (63c) is included with your purchase and should run on 600-pt Renko bars. Get this EA FREE when you open a Blueberry Markets Account.

Stacking Signals from Preset 63c

3-Month Equity Curve on S&P 500 (Preset 63c)

Other Presets included for the S&P 500:

Presets included for the German DAX (GER30):

EUR/CHF 10-PIP RENKO BARS


EUR/CHF 10-Pip Renko Bars
Consecutive Wins Money Management

SKY'S THE LIMIT!

This model uses the Consecutive Wins Money Management strategy with no cycle target (Sky's The Limit). This means it will continue to add lots following each "qualified" win up until there's a "qualified" loss, which ends the money management cycle (indicated by a sudden drop in lot sizes to 1 unit in the green bars of the backtest shown below). At this point, you may increase all lot sizes to compound your profits. In this model (preset file 4c), each profitable cycle averages 458% when allocating US$350 balance per 0.01 Minimum Lot & Unit Size, although some cycles make much more than others. When the Sky's the Limit, you never know how high your run of profit will spike! This strategy is NON-Hedging & FIFO-Friendly, great for US accounts.

5.5 Year Equity Curve (Preset 4c)

Money Management Settings:
The equity curve above does NOT include cycle-to-cycle compounding of profits.  To compound your profits after each cycle target, scale up all lot sizes at the beginning of each new cycle according to your new balance following the model below...

UseNegativeProgression: False
UseConsecutiveMethod: True
Minimum Lot: 0.01 (Minimum $350 balance per 0.01 lot)
Unit Size Up: 0.01 (Set equal to your Minimum Lot setting above)
Unit Size Dn: 0.01 (This setting is NOT Used when "UseConsecutiveMethod"=True)
Maximum Lot: 1.00 (Set to 100x your Minimum Lot setting - Sky's The Limit!)
Stay At Max Lots: False

Trading Hours (GMT+2 March - Nov, GMT+3 Nov - March):
Start Time: 00:30
End Time: 23:55

The Trading Hours settings are to prevent the robot from trading at the "End of Day" rollover time when the spreads are typically much larger. Adjust the Start Time and End Time time settings according to the time zone of your broker's price feed so the EA does not trade from 1 hour before to 1 hour after the "End of Day" rollover time. The settings above exclude the 00:00 candle opening time. Contact Don if you need help determining these settings.


EUR/CHF 10-Pip Renko Bars
Cumulative Wins Money Management

with a 10 Unit Cycle Target

The RENKO Robot includes multiple preset files for applying both Positive and Negative Progression money management strategies, as taught in the Roulette TRADER ebook. The settings used in the backtest below are using the Cumulative Wins Money Management strategy with a 10 unit cycle target and can be started with as little as a $200 beginning balance, but $300-$400 is recommended. In this model (preset file 4e), each 10 unit cycle target averages 330% profit (4.3x your money) when allocating US$300 balance per 0.01 Minimum Lot & 0.02 Unit Size. This strategy is NON-Hedging & FIFO-Friendly.

5.5 Year Equity Curve (Preset 4e)

Money Management Settings:
The equity curve above does NOT include cycle-to-cycle compounding of profits.  To compound your profits after each cycle target, scale up all lot sizes according to your new balance following the model below...

UseNegativeProgression: False
UseConsecutiveMethod: True
Minimum Lot: 0.01 (Flat-Lining: Minimum $300 balance per 0.01 lot)
Unit Size Up: 0.02 (Set to 2x your Minimum Lot setting above)
Unit Size Dn: 0.02 (Set equal to your Unit Size Up setting above)
Maximum Lot: 0.19 (Set to 19x your Minimum Lot setting)
Stay At Max Lots: False

Trading Hours (GMT+2 March - Nov, GMT+3 Nov - March):
Start Time: 00:30
End Time: 23:55

The Trading Hours settings are to prevent the robot from trading at the "End of Day" rollover time when the spreads are typically much larger. Adjust the Start Time and End Time time settings according to the time zone of your broker's price feed so the EA does not trade from 1 hour before to 1 hour after the "End of Day" rollover time. The settings above exclude the 00:00 candle opening time. Contact Don if you need help determining these settings.

EUR/CHF 10-pip Renko Bars
Negative Progression Money Management
4 Unit Maximum

This model uses Negative Progression Money Management for quick loss-recovery, which creates steady gains and a smooth equity curve. This means it will increase lots following "qualified" losses up to a maximum of 4 units and subtract lots following "qualified" wins as losses are made back. In this model (preset file 5J), the average profit is 9.3% per month when allocating $250 balance per 0.01 unit size. This strategy is NON-Hedging & FIFO-Friendly. See a LIVE ACCOUNT HERE following this strategy.

5.5 Year Equity Curve (Preset 5j)

Money Management Settings:
The equity curve above does NOT include cycle-to-cycle compounding of profits.  To compound your profits after each cycle target, scale up all lot sizes at the beginning of each new cycle according to your new balance following the model below...

UseNegativeProgression: True
UseConsecutiveMethod: False
Minimum Lot: 0.01 (Minimum $250 balance per 0.01 lot)
Unit Size Up: 0.01 (Set equal to your Minimum Lot setting above)
Unit Size Dn: 0.01 (Set equal to your Unit Size Up setting above)
Maximum Lot: 0.04 (Set to 4x your Minimum Lot setting)
Stay At Max Lots: True

Trading Hours (GMT+2 March - Nov, GMT+3 Nov - March):
Start Time: 00:30
End Time: 23:55

The Trading Hours settings are to prevent the robot from trading at the "End of Day" rollover time when the spreads are typically much larger. Adjust the Start Time and End Time time settings according to the time zone of your broker's price feed so the EA does not trade from 1 hour before to 1 hour after the "End of Day" rollover time. The settings above exclude the 00:00 candle opening time. Contact Don if you need help determining these settings.

EUR/CHF 7-PIP RENKO BARS


EUR/CHF 7-Pip Renko Bars
Consecutive Wins Money Management

20 Unit Cycle Target!

This model uses the Consecutive Wins Money Management strategy with a 20-Unit Cycle Target. This means it will continue to add lots following each "qualified" win up until there's a "qualified" win at 20 units or a "qualified" loss, which ends the money management cycle (indicated by a sudden drop in lot sizes to 1 unit displayed by the green bars in the backtest shown below). At this point, you may increase all lot sizes to compound your profits. This is preset file 5a in the 7-pip RENKO EA Presets folder. This strategy is NON-Hedging & FIFO-Friendly.

6 Year Equity Curve (Preset 5a in the 7-pip Bar Presets folder)

Money Management Settings for Preset 5a on 7-pip Renko Bars:
The equity curve above does NOT include cycle-to-cycle compounding of profits.  To compound your profits at the end of each profitable cycle, scale up all lot sizes at the beginning of each new cycle according to your new balance following the model below...

UseNegativeProgression: False
UseConsecutiveMethod: True
Minimum_Lot: 0.01 (Allocate at least $325 balance per 0.01 Minimum Lot)
UnitSize_Up: 0.01 (Set equal to your Minimum Lot setting above)
UnitSize_Dn: 0.19 (This setting is NOT Used when "UseConsecutiveMethod"=True)
Maximum_Lot: 0.20 (Set to 20x your Minimum_Lot & UnitSize_Up settings for a 20 unit cycle target)
Stay_At_Max_Lots: False

Trading Hours (GMT+2 March - Nov, GMT+3 Nov - March):
Start Time: 00:30
End Time: 23:55

The Trading Hours settings are to prevent the robot from trading at the "End of Day" rollover time when the spreads are typically much larger. Adjust the Start Time and End Time time settings according to the time zone of your broker's price feed so the EA does not trade from 1 hour before to 1 hour after the "End of Day" rollover time. The settings above exclude the 00:00 candle opening time. Contact Don if you need help determining these settings.

EA Special Features

This EA includes some features not included in my older EAs below v6. Here's a few...

  • A. The Roulette Trader Money Management system can now manage lot sizes for Buys and Sells separately (see "A" in screenshot below) so each can follow their own money management cycle independently.

  • B. Since the EA can have multiple open positions, you can also choose to have the EA reference the P/L of the last opened "Floating" trade to determine the next lot size instead of the last "closed" trade. You decide with a True/False switch (B).

  • C. Negative Progression: Change the Money Management to Negative Progression with a True/False switch. Negative Progression increases lots following losses and decreases lots following wins. Read my ebook for more info.

  • D. Change Money Management strategy from Consecutive Wins to Cumulative Wins with a True/False switch.

  • E. Enable the "Stay At Max" strategy with a True/False switch. If True, the lot size will Stay at the Max lot setting on a winning streak when using Positive Progression, or Stay at Max Lots during a losing streak when using Negative Progression.

RENKO Money Management

The settings shown are for illustration only. Don't copy them.

Renko EA

  • F & G. Minimum Pippets for a Win/Loss: The next trade's lot size will not change unless the previous trade's win or loss is at least this large and also must not exceed the "Maximum Pippets" settings. 10 pippets = 1 pip.

  • H. Text Display: For easy reference, you can display the Money Management settings on the chart with a True/False switch. You may also choose your own text colors.

  • It is OK to restart MT4 without interrupting the money management: This EA calculates the next lot size at the opening of each trade by referencing the result of the last relevant trade in the history even if it occurred during a previous MT4 session. Therefore, you may restart MT4 as often as you want as long as you don't detach the EA from the chart during a money management cycle. Detaching and re-attaching the EA to your chart will re-initialize the EA and start a new money management cycle at the Minimum Lot setting.

EXIT STRATEGIES

This EA includes multiple exit strategies, which can turn a mediocre strategy into a great one! The following exit strategies are included...

  1. Hard Stop-Loss and Profit Target
  2. Step Trailing Stop: Adjusts the stop-loss in steps every X pips into profit
  3. Break Even Trailing Stop: Adjusts the stop-loss one time at X pips profit
  4. Big Move Exits: Closes trades X pips distance from MA4 in the direction of profit (not shown in settings below).
  5. Hidden Floating P/L Exits:  Combines the pips of all open Buys, Sells, or Both and closes trades with a market order.
  6. Consecutive Bar Exits: Closes trades after X consecutive profitable bars (candles) or X consecutive losing bars that meet the minimum pip requirement.
  7. Timed Exits: Closes trades after any specified number of bars. This allows the EA to be used for Binary Options.

Trailing Stops

MA3 Distance Settings

MA3 Distance Settings

 

<<< MA3 Distance Settings determine the window of distance above or below MA3 that the signal bar must occur within. The Min_Dist settings are good for preventing signals in sideways choppy conditions. The Max_Dist settings are good for preventing signals in over-bought or over-sold conditions.

All settings shown above are for illustration purposes only. Don't copy them without proper testing.

Skip to Minute 12:00 to see this RENKO EA in action! See 3 different settings backtested.
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Watch a Backtest on EUR/CHF at Minute 12:00
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EUR/CHF
Consecutive Bar RENKO Robot

Copyright 2022, Roulette Trader - All Rights Reserved

Risk Disclosure: This website does not guarantee income at any time, nor success of the product beyond the specific 60-day performance guarantees for each product. There are many factors that can effect each person's individual results. Examples shown in this presentation do not represent an indication of future success or earnings but merely hypothetical historical performance based on specific trading models. Past performance is not indicative of future results. The company declares the information shared is true and accurate.

U.S. Government Required Disclaimer - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/Dealer. Neither us, nor our affiliates or associates involved in the production and maintenance of these products or this site, is a registered Broker/Dealer or Investment Advisor in any State or Federally-sanctioned jurisdiction. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.

*CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN