A statistics window is included to show the net points gained from these signals taking into considerations the spread of the pair and to
evaluate accurately the overall performance.
- A Clear Buy and Sell signals with take profit and stoploss levels.
- A Statistical analysis that offers an accurate image of net gained points.
- Works on all symbols, indices and all time frames.
- Gives you the ability to filter and further improve your trading strategies.
- Never repaints, never backpaints, never recalculates.
- Signals strictly on the “Close of the bar”.
- Integrated arrows, sound, pop-up, email, push notification alerts.
- Fully compatible with Expert Advisor (EA) development.
- Very light to the MT4 Platform
- It can be used with either Renko or Standard charts
How To Use It
- Make sure you have enough 1 minute data so the generated Renko chart will have a good history.
- Create your Renko chart.
- Add Renko Full Throttle PRO Indicator to the Renko chart and modify the inputs and filters as you prefer.
- A statistical calculations will give you an accurate figure of the net points gained.
What The Statistical Calculations Offer
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What The Statistical Calculations Offer
- The total number of orders you had over the selected period and the number of closed or open orders.
- The total buy and sell orders separately and the net points gained from all orders and the net points gained from buy or sell orders.
Parameters
- The total number of orders you had over the selected period and the number of closed or open orders.
- The total buy and sell orders separately and the net points gained from all orders and the net points gained from buy or sell orders.
Parameters
- BarsBack : The number of historical bars to be considered for the analysis.
- Renko Strong Filter : A filter that uses an algorithm to define the noisy market from the trendy one and it can be enabled by true or false
option. - Strong Filter Pips : It’s the number of pips used in the filtration process and the large this number the more filtering is done and less
orders to be taken. - Renko Pattern Filter : A filter that uses an algorithm to define certain Renko patterns that support the trendy market and it can be enabled
by true or false option. - Pattern Filter Percent : It’s the percent of filtration done to the patterns and the larger the percent the more filtration is done and less
orders will be taken. - Pattern Pips : The minimum number of pips allowed for the pattern and the lower this number the more orders you will have.
- Renko Percent : It controls signals frequency and accuracy and the more it is the more trades it will take.
- Consolidation Degree: It reads the narrow range moves and it accordingly decides how the new stoploss will be and the more it is the higher the
stoploss. - Smoothing Mode : It defines the how smooth will be the consolidation calculations and it can be either 0, 1 or 2.
- Risk Reward : The ratio between the take profit and the stop loss so if its 2 then the TP is double the SL.
- Additional Stop Loss Pips : The additional number of stoploss pips added to the calculated stop loss to allow for some flexibility.
- Max Pips : A filter to avoid entry when the trend moves quickly above this number of pips.
- Min Pips : A filter to avoid entry when the trend moves slowly below this number of pips.
- Spread in Pips : The spread of the pair in pips to be used in the statistics.
- Alerts Settings : Different alerts are included like arrows, sound, pop up, email and push notifications.
- Show Statistics : To allow showing the statistical screen
- Entry and Exit arrow colors: To control all the colors of buy and sell signals and take profit and stoploss arrows.
- X and Y position: To control the place of the note on the chart that show the take profit price of current open orders.
Indicator Manual
Please check this link …. https://www.mql5.com/en/blogs/post/729219
Kindly Contact us after the purchase and you will get for free :
1- An Expert Advisor for “Renko Full Throttle PRO Indicator” built with all possible options to trade automatically the
indicator signals.
2- 11 optimized sets for 11 pairs – 1H Standard Charts …with about 8000 pips gain during the last year…
3- 8 optimized sets for 8 pairs – 30Min Standard Charts …with about
5000 pips gain during the last year…
https://www.mql5.com/en/users/d_elsadny
Please check this link …. https://www.mql5.com/en/blogs/post/729219
Please check this link …. https://www.mql5.com/en/blogs/post/729219
Kindly Contact us after the purchase and you will get for free :
3- 8 optimized sets for 8 pairs – 30Min Standard Charts …with about
5000 pips gain during the last year…
3- 8 optimized sets for 8 pairs – 30Min Standard Charts …with about
5000 pips gain during the last year…
https://www.mql5.com/en/users/d_elsadny
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