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Renko Chart with Moving Average (MT4) — review, price and free alternatives
MT4 indicatorfree on MQL5by Aleksey Usachev
Renko Chart with Moving Average is a free MetaTrader 4 indicator by Aleksey Usachev on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
Renko Chart with Moving Average — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Aleksey Usachev
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Renko Chart with Moving Average on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Renko Chart with Moving Average. Classic Renko charts idea.
Before you use Renko Chart with Moving Average
What the developer claims
- It is protted on main chart and Moving Average can be applied.
- Prices for bars are used from a lower timeframe.
- Parameters: BarsBack - how many bars of lower timeframe to use.
Quoted from the listing. We have not tested these claims.
What to check first
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Renko Chart with Moving Average
Compiled from its public MQL5 listing. FxRobotEasy has not traded Renko Chart with Moving Average; what these notes say about how it works comes from that listing.
Overview
Renko Chart with Moving Average by Aleksey Usachev represents a comprehensive automated trading solution for MT4 traders. What sets Renko Chart with Moving Average apart is its balanced approach to trade execution and capital preservation.
Risk notes
Renko Chart with Moving Average implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT4 platform compatibility
- Developed by experienced Aleksey Usachev
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Renko Chart with Moving Average on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
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Renko Chart with Moving Average or Scalperology AI?
| Renko Chart with Moving Average | Scalperology AI | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Aleksey Usachev | FxRobotEasy |
Renko Chart with Moving Average — questions
What is Renko Chart with Moving Average?
Renko Chart with Moving Average is a MetaTrader 4 indicator published on the MQL5 Market by Aleksey Usachev, and it is listed at no charge. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does Renko Chart with Moving Average work on MT4 or MT5?
Renko Chart with Moving Average runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
Is Renko Chart with Moving Average free to download?
Yes -- Renko Chart with Moving Average is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2025-11-27. The file is downloaded from the developer's (Aleksey Usachev) product page on mql5.com and installed into MetaTrader 4.
Is there a verified track record for Renko Chart with Moving Average?
FxRobotEasy has not traded Renko Chart with Moving Average on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Renko Chart with Moving Average elsewhere comes from its developer or from a third party.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.