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Velas RENKO (MT4) — review, price and free alternatives
MT4 indicator$30 on MQL5by Ramon Sobrevals Arce
Velas RENKO is a MetaTrader 4 indicator by Ramon Sobrevals Arce, sold on the MQL5 Market for $30. 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.
Velas RENKO — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Ramon Sobrevals Arce
- Price
- $30
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Velas RENKO on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Immediately plots renko bars in an external/indicator window.
Before you buy Velas RENKO
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 Velas RENKO
Compiled from its public MQL5 listing. FxRobotEasy has not traded Velas RENKO; what these notes say about how it works comes from that listing.
Overview
Velas RENKO by Ramon Sobrevals Arce represents a comprehensive automated trading solution for MT4 traders. What sets Velas RENKO apart is its balanced approach to trade execution and capital preservation.
Risk notes
Velas RENKO 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 Ramon Sobrevals Arce
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Velas RENKO 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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- Pick Scalperology AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
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
Velas RENKO or Scalperology AI?
| Velas RENKO | Scalperology AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($30) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Ramon Sobrevals Arce | FxRobotEasy |
Velas RENKO — questions
What is Velas RENKO?
Velas RENKO is a MetaTrader 4 indicator published on the MQL5 Market by Ramon Sobrevals Arce, priced at $30 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 Velas RENKO work on MT4 or MT5?
Velas RENKO 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 Velas RENKO cost?
Velas RENKO is a paid product listed at $30 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 (Ramon Sobrevals Arce) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Velas RENKO?
FxRobotEasy has not traded Velas RENKO 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 Velas RENKO 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.