Suggestion Renko EMA Robot V9.1

WRBH55 said:

Rebelzz321​

Hello, what is the required capital value? Is $100 enough?

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Rebelzz321 said:

https://imgur.com/a/fCpIibL

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Jessica-NYC said:

Hi there,

I'm a bit confused about your settings...
The default settings for XAU on the M1 chart say trade M1 = False. May I ask why?
Why do we need to install your EA on both charts, M1 and M2, when your EA actually works directly on the M2 offline chart?
Regarding your last post, you mentioned keeping XAU default settings as they are.
In your previous post, you shared your XAU and BTC settings. Are they different from the ones you posted last?
What about the BTC spread issue?
Different brokers have varying spreads — for example, Taurex has a spread of 5000, whereas Axi has 1200.

Do you have any suggestions?
What are your monthly fees for a real account?
Do you offer support?

I appreciate your feedback.

Love,
Jessy

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• Use M2 (Renko chart) as the main signal source
• Only allow trading based on the selected timeframe settings

• M2 (Renko) = TRUE → main trading logic
• M1 = FALSE → not used for signal generation

• M1 = execution environment
• M2 = signal logic

• M2 (Offline Renko) → Generates signals
• M1 (Live chart) → Executes orders

• No changes needed
• Ready to use

• The EA uses Maximum allowed spread = 160 points

• For brokers like Taurex (high spread) → increase this value
• For brokers like Axi (low spread) → keep it lower

• High spread broker → 5000–6000
• Low spread broker → 1200–1500

• Understand how the EA behaves
• See how it reacts in sideways and trending markets
• Adjust settings if needed

• FREE → via IB / referral
• $5 per month
• $50 lifetime

Rebelzz321 said:

Hi Jessy,

Thank you for your detailed questions — I understand why this can be confusing, so let me clarify everything based on the actual EA settings.

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1. About “Allow trading on M1 chart = false”

Yes, in the settings you saw, M1 is set to FALSE, and that is correct.

This EA is designed to:

• Use M2 (Renko chart) as the main signal source
• Only allow trading based on the selected timeframe settings

In this configuration:

• M2 (Renko) = TRUE → main trading logic
• M1 = FALSE → not used for signal generation

However:

You still need to attach the EA on an M1 chart (live chart) because MT4 requires a live chart to execute trades.

So:

• M1 = execution environment
• M2 = signal logic

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2. Why do we need both M1 and M2 charts?

Even though trading logic comes from M2:

• M2 (Offline Renko) → Generates signals
• M1 (Live chart) → Executes orders

MT4 cannot execute trades from an offline chart.
That’s why both charts must be open.

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3. Are XAUUSD settings different from previous posts?

No — they are exactly the same.

The settings you see are already optimized for XAUUSD:

• No changes needed
• Ready to use

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4. What about BTCUSD settings?

Also the same — no difference from previous settings.

Everything is already adjusted.

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5. About BTC spread differences (Taurex vs Axi)

You are correct — spreads vary by broker.

In your current setup:

• The EA uses Maximum allowed spread = 160 points

Recommendation:

• For brokers like Taurex (high spread) → increase this value
• For brokers like Axi (low spread) → keep it lower

Example:

• High spread broker → 5000–6000
• Low spread broker → 1200–1500

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6. Do you have any suggestions?

Yes, very important:

I strongly recommend testing on a DEMO account first

So you can:

• Understand how the EA behaves
• See how it reacts in sideways and trending markets
• Adjust settings if needed

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7. What are your monthly fees?

• FREE → via IB / referral
• $5 per month
• $50 lifetime

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8. Do you offer support?

Yes, of course.

You can contact me via Telegram: @waroengpublisher78

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If anything is still unclear, feel free to ask anytime.
I’m here to help you use the EA properly and safely.

Best regards,

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