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UFI

Renko System

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Before you even consider that this may be a good system head over to

 

Trade-Robots - Renko and Backtests - it can be a very wrong result

 

and check whether you fall into the same situation of "oh god, my results are all wrong because my backtest simulator and renko do not work together well".

 

As far as I know MT4 does not to tick replay so - all results from renko are crap.

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Several accomplished system developers have warned against using a robot for Renko trading due to the inaccuracy of measuring the price bars.

 

My thoughts are to stay away from anything that is being sold for renko automation.

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