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.