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RenkoVP (MT4) — review, price and free alternatives
MT4 indicator$40 on MQL5by Kourosh Hossein Davallou
RenkoVP is a MetaTrader 4 indicator by Kourosh Hossein Davallou, sold on the MQL5 Market for $40. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
RenkoVP — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Kourosh Hossein Davallou
- Price
- $40
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded RenkoVP on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Overview RenkoVP is a professional tool for price structure analysis that runs fully online on the main chart.
Before you buy RenkoVP
What the developer claims
- The indicator combines Renko bricks, volume profile, dynamic Fibonacci levels, and automatic pattern recognition to help traders identify trends, key zones, and precise entry/exit points.
- Renko Bricks Configuration The indicator offers both manual and automatic brick configuration: No offline chart required - runs direc.
Quoted from the listing. We have not tested these claims.
What to check first
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 indicator in the Strategy Tester before you buy.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on RenkoVP
Compiled from its public MQL5 listing. FxRobotEasy has not traded RenkoVP; what these notes say about how it works comes from that listing.
Overview
RenkoVP by Kourosh Hossein Davallou represents a comprehensive automated trading solution for MT4 traders. What sets RenkoVP apart is its balanced approach to trade execution and capital preservation.
Risk notes
RenkoVP 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 Kourosh Hossein Davallou
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing RenkoVP 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.
Free to try · from FxRobotEasy
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Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
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Our multi-pair AI scalper — majors, gold and crypto
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
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The team's notes, every day
- What we ship, what breaks and how we fix it
- Scalperology AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
RenkoVP or Scalperology AI?
| RenkoVP | Scalperology AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($40) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Kourosh Hossein Davallou | FxRobotEasy |
RenkoVP — questions
What is RenkoVP?
RenkoVP is a MetaTrader 4 indicator published on the MQL5 Market by Kourosh Hossein Davallou, priced at $40 USD. 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 RenkoVP work on MT4 or MT5?
RenkoVP 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.
How much does RenkoVP cost?
RenkoVP is a paid product listed at $40 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-11-27. It is sold and downloaded through the developer's (Kourosh Hossein Davallou) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for RenkoVP?
FxRobotEasy has not traded RenkoVP 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 RenkoVP 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.