Even if there is no trend and you are on an hourly chart a new candle will appear every hour. This is due to the fact that candles appear according to a fixed period of time. Traditional candle charts, especially when there is sideways movement, show a lot of noise and false signals. The biggest advantage is of course the removal of unnecessary noise. A new Renko brick will only appear if there was a movement of at least 10 pips. In this case each new candle will appear after one hour. It is best understood when compared to a normal candle chart. Renko is a type of candle formation where each candle is a block (Renko) of the same size.Ī new block appears only when there is a movement with a minimum size of one block. Go to the other tab and make sure that options are set like on the screen below: Also make sure that autotrading is on and face in the corner is smiling: Next, in settings you can specify the boxsize. Open MQL folder:įind Renko on the list and double click it: You should see folders from your Metatrader. Go to File menu and click “Open data folder”:
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If turning off a particular pattern worsen the success rate, set it to True again.If turning off a particular pattern improves the success rate, keep it off.Turn-off each pattern one by one and monitor the success rate percentage.Choose a "Success Rate Criterion" (we recommend the second TP).You can quickly improve the accuracy of the signals by following the simple steps: KT Renko Patterns indicator shows multiple patterns, but not every pattern may be suitable for a symbol.