The RENKO CHART BOT EURUSD is an automated trading robot designed for swing trading the EUR/USD currency pair using Renko charts on the Re5 timeframe. It employs a simple trend-following strategy that only opens one short trade at a time, holding positions from several days up to months. The bot avoids grid and martingale techniques.

Backtested over 11 years (2014–2025) with tick data and a 0.1 lot size, it has demonstrated an average monthly return of approximately 2.8%, with a 4% return in the last year. Starting with a capital of €1,200, it generated an average monthly profit of €33. The bot benefits from positive swap rates on short EUR/USD positions.

It executes about 21 trades per year (1–2 per month) and recognizes open positions to allow manual interruption. Optimization may be required for brokers other than IC Markets, where a recommended starting lot size is 0.1 per €1,200 capital. For accurate backtesting, tick data from the server must be used.

This bot is suitable for traders seeking a low-frequency, trend-based swing trading approach on EUR/USD with a focus on short positions.