Bad Experience Using a Renko Chart EA

igorgontijo1

Newbie
Sep 16, 2016
5
0
1
28
Hello! How are you?
Recently, I bought and tested a renko graphics generator linked to an EA and did not had a positive experience.

I wonder if anyone here forum has some experience with trade using this chart type and this type of robot? I am using MT4 and bought the Medium Renko Generator AZ Investing. I even bought a generator that guarantees the backtest with 99% reliability but all graphics and strategies that I tested, the results were absurdly different at backtest results, wen compared with the robot running online at a demo account.

I also found this article that talks more about the unreliability of renko graphics: http://mechanicalforex.com/2010/07/dont-fool-yourself-why-renkorange.html

Anyone can tell me more about this?

Any positive experience?
 

Enivid

Administrator
Staff member
Nov 30, 2008
16,136
836
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Odessa
www.earnforex.com
Why don't you use the MQL5 market to find a good Renko EA? You can ask for a trial of the EA you find there or rent them for a limited period. That way you won't be wasting a lot of money if the product is not good.