KT Renko Patterns EA
MT4/MT5

Features

• Go fully automated with the KT Renko Patterns indicator and save tons of time.
• Fully compatible with our Renko Chart Generator. 
• No additional download is required. All the required dependencies are embedded in the EA.
• It fetches the stop-loss and profit targets directly from the indicator in the most efficient way.
• It prints the pattern name with each entry to facilitate the identification of each trade.
• Further boost the EA performance using the inbuilt filters like Session-Filter, MMI, Vortex, Volatility, Market Regime and more.
• Flexible stoploss trailing to prevent the winners from turning into losses.
• Protection against the black swan events using the max. loss function.
  
  

Input Parameters

• ----- Renko Pattern Settings -----
• Min. Bars Between Patterns: The number of min. bars between each pattern. 
• W-M Pattern: true/false
• Power Pennant Pattern: true/false
• AB=CD Pattern: true/false
• Triple Top/Bottom Pattern: true/false
• Double Top/Bottom Pattern: true/false
• Two-Back Brick Pattern: true/false
• ZigZag Pattern: true/false
• Swing Breakout Pattern: true/false
• Draw Pattern Names: If true, EA will draw the pattern name with each new trade.
  
  
• ----- Trade Settings -----
• Max. Active Positions: The no. of maximum active positions in the same direction.
• Exit at Opposite Pattern: If true, positions will be closed at the patterns in opposite direction.
• Lot Size Method: Fixed or Auto (Money Management).
  
  
• ----- Exit Settings -----
• Stoploss Method: Pips/Volatility/Fetch from indicator
• Take-Profit Method: Pips/Volatility or TP1/TP2/TP3 from the indicator
• SL Trailing Method: Pips/Volatility
  
  
• ----- Set the Filters -----
• Trading Sessions: All | Asian | London | New York | Asian-London | London-New York | New York-Asian
• Trend Filter: True | False 
• Volatility Filter: True | False 
• Vortex Filter: True | False 
• MMI Filter: True | False 
  
  
• ----- Miscellaneous Settings -----
• Max Loss Protection: True | False 
• Logging: True | False (EA logs all its operation in the journal tab)