RENKO CHART BOT EURUSD - FOR SWINGTRADING
cBot
Version 1.0, Jan 2025
Windows, Mac, Mobile, Web
Description
Summary
AI summary
RENKO CHART BOT EURUSD is an algorithmic trading bot designed for swing trading on the EUR/USD currency pair using Renko charts with a 5 Renko brick time frame (Re5). It employs a simple trend-following strategy that only opens short trades, benefiting from positive swap rates on EUR/USD. The bot maintains a single open trade at a time, with trades typically held from several days up to months.
Backtested over 11 years (from January 20, 2014, to January 1, 2025) using tick data and a 0.1 lot size, the bot has demonstrated an average monthly return of 2.8%, with a 4% return over the last year. Historical performance indicates an average of 21 trades per year (approximately 1-2 trades per month) without using Martingale or grid strategies. Starting capital for backtesting was €1,200, generating an average monthly profit of €33.
The bot recognizes open positions, allowing users to pause trading if needed. It is recommended to start with 0.1 lots per €1,200 capital on IC Markets, with optimization advised for use on other brokers. Accurate tick data input is essential for proper backtesting results.
Backtested over 11 years (from January 20, 2014, to January 1, 2025) using tick data and a 0.1 lot size, the bot has demonstrated an average monthly return of 2.8%, with a 4% return over the last year. Historical performance indicates an average of 21 trades per year (approximately 1-2 trades per month) without using Martingale or grid strategies. Starting capital for backtesting was €1,200, generating an average monthly profit of €33.
The bot recognizes open positions, allowing users to pause trading if needed. It is recommended to start with 0.1 lots per €1,200 capital on IC Markets, with optimization advised for use on other brokers. Accurate tick data input is essential for proper backtesting results.
Trading profile
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Discussion
FAQ
EURUSD
Grid
Martingale
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