The Universe Renko Expert Advisor (EA) stands as a remarkable tool in the Forex trading market. This forex software is highly valued for its high frequency trading and low drawdown strategy. The software is known to have a high opening deal frequency and boasts impressive track records with a low drawdown.
Trading Strategy
The Universe Renko EA employs an advanced trading algorithm that operates according to the currency market trend. In the event of trend failure, the advisor initiates a grid of orders. This approach ensures a high percentage of profitable trades, estimated between 94% and 98%.
Recommended Currency Pairs and Timeframes
The software developer recommends launching the Universe Renko EA on specific currency pairs: NZDUSD, AUDUSD, AUDCAD, EURUSD, GBPUSD, and USDCAD. The indicator uses an M1 timeframe, while the Expert Advisor operates on an M2, Offline Renko timeframe.
Configuring Renko Terminal
Setting up the Renko terminal is straightforward. Each brick must be set to 600 points (as shown in the indicator settings photo) for plotting. Ensure you run all six currency pairs on one terminal, with an additional six windows. In total, the terminal should display 12 windows, where the indicator will be installed to plot the Renko M2 chart. Itโs worth noting that there are two indicators in the archive, one for testing trading systems for Renko charts and the other for maintaining the Renko chart in your terminal.
Deposit and Risk Management
The Universe Renko EA operates with a fixed lot. When increasing the deposit, traders must manually manage the lots to set the desired lot each time. Depending on the deposit and lot size, traders can expect to see a significant return on investment. However, the software also comes with an expected drawdown that traders should be prepared to handle. The EA is compatible with most brokers, particularly those offering ECN.
FAQ
Can I test the Universe Renko EA before purchase?
Yes. Independent testing of the Universe Renko EA can be undertaken on the forexroboteasy.com website.
Can I get updates on the results of testing this product?
Yes. You can subscribe on the forexroboteasy.com website to get updates on the results of testing the Universe Renko EA.
Who can I contact for help with setup instructions?
After purchasing the Universe Renko EA, you can reach out to the product developer at [email protected] for setup instructions.
Universe Renko EA presents itself as a high-frequency, low drawdown forex software that can significantly enhance your trading experience. We invite those who have used the Universe Renko EA to share their experiences. This will provide valuable insights for prospective users. Please note that this is an independent product review, and the Universe Renko EA is not affiliated with us in any way.
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