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Renko Full Throttle PRO

0.00

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

  1. Make sure you have enough 1 minute data so the generated Renko chart will have a good history.
  2. Create your Renko chart.
  3. Add Renko Full Throttle PRO Indicator to the Renko chart and modify the inputs and filters as you prefer.
  4. A statistical calculations will give you an accurate figure of the net points gained.

What The Statistical Calculations Offer

[spoiler title=”Read More…”]

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

        [/spoiler]

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