Renko Chart from Ticks
Info
The Renko Chart from Ticks is a Expert Advisor for MetaTrader 4 that this expert advisor (ea) generates a renko chart from ticks, offering the most precise method for analysis. Usage Instructions:- Open the EA in the Strategy Tester.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Renko Chart from Ticks
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
This expert advisor (EA) generates a Renko chart from ticks, offering the most precise method for analysis.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: exaccount: visualize order activity on chart - another powerful expert for MetaTrader 4 traders.
This expert advisor (EA) generates a Renko chart from ticks, offering the most precise method for analysis.Also recommended: Renko Scalper - similar expert with strong performance on MetaTrader 4.
Usage Instructions:
- Open the EA in the Strategy Tester.
- Select the 'SymbolName' and a small timeframe (M1 or M5).
- If you want to convert data within a specific time period (e.g., 2022-01-01 to 2026-01-31), choose those dates and click "Start".
- An ".hst" file will be created in the "Tester\Files" subdirectory of your MetaTrader 4 folder.
- Copy this file to your MetaTrader 4 history folder.
- Open the file offline from the menu: "File -> Open Offline".
- The generated file name will typically follow the format "SymbolName2.hst" (e.g., "USDJPY2.hst").
Note: The EA currently generates blocks using simulated ticks provided by MetaTrader 4 historical data. Real-time data usage will be possible with MetaTrader 5 or live data, which is not yet implemented.
You may also like: Renko EA: Updated for MetaTrader 2026 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
input int renkosize = 10; // renko boxsize
input int renkotimeframe = 2; // renko new timeframe
#include <stdlib.mqh>
datetime stored_bartime;
double points=point;
double boxpoints;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.