GDS Renko Super Trend Demo EA
Info
The GDS Renko Super Trend Demo EA is a Expert Advisor for MetaTrader 5 that how it works- classic fixed-size renko is built internally from bid ticks. - Reversal uses the classic two-brick rule.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use GDS Renko Super Trend Demo EA
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
How it works- Classic fixed-size Renko is built internally from BID ticks.
Typical Use Case
This Expert Advisor excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Supertrend Scalper with Breakeven Win Rate Panel - another powerful expert for MetaTrader 5 traders.
How it works- Classic fixed-size Renko is built internally from BID ticks.
Also recommended: GDS Renko RSI + MACD 4-Mode EA - similar expert with strong performance on MetaTrader 5.
- Reversal uses the classic two-brick rule.
- SuperTrend ATR and bands are calculated from completed Renko bricks, not time candles.
- A trade is allowed when the completed Renko brick direction agrees with the Renko SuperTrend direction.
- Positions close by price target, stop, SuperTrend flip, or maximum holding time.
- A short Renko cooldown can be used before re-entry.
- Only one position on the symbol is allowed.
The EA is standalone. No external indicator, DLL, custom symbol or offline chart is required.
Companion visual indicator:
GDS Renko Pip ST Chart
This Expert Advisor is an educational historical demonstration. Default settings are not a recommendation, proof of a persistent edge, or a promise of future profitability.
You may also like: GDS Renko Trade Manager for MetaTrader 5 - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.11"
#property strict
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
input double InpBrickSize = 18.0;
input int InpSTPeriod = 44;
input double InpSTMultiplier = 1.30;
input int InpEntryRunBricks = 1;
input double InpTakeProfitBricks = 12.5;.......
⚠ 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.