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In my previous blog post I described several approaches for adapting EAs to trade on renko charts (based on custom symbols introduced in MetaTrader 5). All of them use custom symbols created by RenkoCharts product (free demo is available). The previous research utilises the key feature of the product to generate renko from different timeframes of your work symbol. It was shown that M1, obviously, provides the best accuracy among all timeframes. But what if we go down to the ticks level?

Indeed, with the support of real ticks in MetaTrader 5, it's possible to render a renko chart straight from the ticks. I implemented a special version of RenkoCharts which does not use bar history, but downloads and processes real ticks instead.

To remind you what we have had in the previous post, I'm duplicating the tester report of two MAs crossing EA running on M1-originated renko:

Tester result for 2 MAs crossing strategy on custom renko built from M1 with trading on underlying symbol EURUSD

from MQL5: Traders' Blogs https://ift.tt/2K1yf9a