This is preset file ( 63c) is included with your purchase. The Exit Strategy used in this model (preset 63c) is an SMA cross-over in the direction of profit (contrary to how most traders would do it). It will continue to increase the lot size until a win at the cycle target of 22 units (0.22 lots in the backtest below) or a 3-bar stop-out, whichever comes first. It will continue adding positions and increase the lot size at each consecutive bar once the 1st trade opens on the 6th consecutive Renko bar. This model uses the Consecutive Wins Money Management strategy with a 22-Unit Cycle Target. This Renko EA is doing great in today's highly volatile S&P 500 and if we get the MAJOR market CRASH that so many are predicting will happen before 2022, this EA will SNOWBALL profits all the way to the bottom! It is already making nice gains just in the recent swings we've been getting. The settings also allow you to choose which consecutive bar to enter a trade on (from 1-10) and which direction you want the signal at each consecutive bar, as shown in the settings below. The signal direction of each bar is independent of all the others so in the EA settings, you can reverse the signal direction at each consecutive bar such as Buy, Sell, Buy, Sell, Buy, Sell to create a grid or hedging strategy. However, the EA properties (settings) allow you incredible control over the trade signals. This EA includes many preset files that you can simply load to generate the results shown on this page. The automated Roulette Trader Money Management is the icing on the cake that magnifies it's profit potential many times over! Watch the Renko Bar Video Tutorial for details. Of all the EAs I've ever created, this is my current favorite! RENKO bars create order out of chaos and this EA allows you to easily find and exploit the most common patterns found in your Renko chart. It is extremely versatile in that you can have it layer on a new position at each consecutive bar, either in the bar's direction (trend-following) or against it (counter-trend). This Consecutive Bar RENKO Robot was specially designed to trade on Renko bars or Range Bars.
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